Thursday 14 December 2017
(National Mirror Online 08/19/13)
The Nigerian president of Igbo extraction project and 2015 presidential election will top this year’s World Igbo Congress, WIC, scheduled for August 29 to September 1 in Dallas, Texas, United States. This was contained in a press statement by the WIC, jointly signed by its Chairman and Media Director, Joe Nze Eto and Dr. Acho Orabuchi respectively, and made available to National Mirror. The group, which said the agitation is real and can be felt in the hearts of every Igbo origin in the Diaspora, advised individuals not sit in the comfort of their homes and speak for the Igbo, adding that the Dallas convention provides the forum to dialogue Igbo group interests in 2015. The statement read in part:...
( 08/19/13)
With nearly 12,000 Automated Teller Machines (ATMs), 131,000 point-of-sales machines, several internet payment portals, 25 million bank cards in circulation and the number of people with bank accounts growing from 18.3 million in 2008 to 28.6 million in 2012, Nigeria appears to be embracing cashless economy, writes Financial Times. In 2002, when Mitchell Elegbe was starting his technology business, there were few proper bank cards in Nigeria, ATMs were rare and there was no inter-connectivity between banks. Drawing money meant walking into your branch, collecting a token indicating a number in the queue, and returning several hours later in the hope of being near the teller. “People used to keep a lot of money at home,” said Mr Elegbe. “We...
(The Nigerian Voice 08/19/13)
We of Afenifere Renewal Group(ARG) note that, even though Education sector got the highest percentage budgetary allocation in 2013 Appropriation Act, we are yet to see this allocation translate into tangible results in our federal tertiary institutions. Rather, the strike embarked upon by the Academic Staff Union of Universities has entered the second month, with no end in sight. The sector got N367.375bn for recurrent expenditure, N60.207bn for capital expenditure. This translates to a total of N427.582bn representing7.9% of total budget. In 2012, the sector got a total of N397.378bn representing 8.5% of total budget. Despite these high allocations, the sector has seen no improvement, an evidence of government's insensitivity to the plight of the people and its ineptitude in...
(Reuters (Eng) 08/19/13)
PORT HARCOURT, Nigeria | (Reuters) - Four Thai nationals have been released unhurt a week after they were abducted while travelling to a farm in southern Nigeria, police said on Sunday. Gunmen kidnapped the four in the Buguma area of Rivers state last weekend. Police spokeswoman Angela Agabe said they were released on Saturday. "Investigation is still going on with a view to apprehending the kidnappers," she said, adding no ransom had been paid. Nigeria is one of the world's worst countries for kidnapping, especially in oil producing states like Rivers, where criminal gangs make millions of dollars a year from ransom payments.
(Nigeria News 08/19/13)
The Federal Government has directed that command of the military onslaught against terrorists in Borno, Yobe and Adamawa states be taken over by the Army Headquarters. The new Division, headed by Major General Obida Etnan, will take over the new phase of the battle to continue the counter-insurgency operation with immediate effect. A statement to this effect yesterday, entitled JTF Hands Over to New Army Division, by the Director of Defence Information, Brigadier General Chris Olukolade, noted that the development was in line with the plans laid out for the conduct of the operations to execute the mandate spelt out in the state of emergency declaration by the President. Incidentally, the takeover is coming three months into the six-month first...
(AFP (eng) 08/17/13)
Suspected Boko Haram Islamists have stormed a town in northeast Nigeria, opened fire on police and civilians and killed 11 people, residents and a local lawmaker told AFP Friday. The attack happened late Thursday in the town of Damboa in Borno state, Boko Haram's stronghold and where Nigeria has imposed a state of emergency as it pursues an offensive against the insurgent group. "The attack lasted until about midnight," said Adamu Isah, a student who lives in Damboa. He said groups of gunmen opened fire on police and civilians and that "11 people died." He blamed the attack on "Boko Haram" fighters. State lawmaker Ayamu Lawan Gwasha, who represents Damboa, confirmed the details, as did a local security official who...
(AFP (eng) 08/17/13)
Four Thais held in an apparent ransom kidnapping in Nigeria have been freed unharmed, a spokesman for the kingdom's foreign ministry in Bangkok said Saturday. A gang of armed kidnappers seized the four Thais and two Nigerians on a waterway while they were on their way to work at a state-owned fish farm in the African nation's southern Rivers State, Nigerian officials said last week. "All of them are released," ministry spokesman Manasvi Srisodapol said of the Thai nationals. "The Thai Foreign Minister has talked with one of them. They are fine and will continue to work in Nigeria," he added, without confirming whether a ransom was paid or the exact time of their release. It was unclear what happened...
(BBC News Africa 08/17/13)
Suspected Islamic militants have attacked a town in north-eastern Nigeria, killing at least 11 people, reports say. Witnesses said gunmen shot civilians and police in Damboa, about 85km (52 miles) from the Borno state capital, Maiduguri. The area is a stronghold of the Boko Haram militant group. The group was blamed for the deaths of 44 people in a mosque in the nearby town of Konduga last Sunday. Local official Ayamu Lawan Gwasha said security forces repelled gunmen who attacked the police station and a military post in Damboa on Thursday night. Farmer Mustapha Aji said other militants gunned down civilians and firebombed about 20 homes. He told the Associated Press that residents had feared an attack following the deaths...
(National Mirror Online 08/16/13)
The United States government has reassured of its commitment to help Nigeria combat the rising spate of insecurity from the Boko Haram Islamic sect in the North. The US Under Secretary for Political Affairs, Wendy Sherman, said this in Abuja yesterday at the ninth US-Nigeria Bi-National Commission meeting. She stressed that Nigeria must tackle the menace of insecurity before in could achieve its potential. “Nigeria cannot fully achieve its potential as a stable regional leader until Nigeria successfully overcomes the challenge of Boko Haram and secures peace and protection for all its citizens in all regions,” She said. Sherman noted that the United States remained Nigeria’s partner in helping to address “this threat that our two nations share.” She added:...
( 08/16/13)
The U.S. has urged Nigeria to implement the decisions made at a meeting of the U.S.-Nigeria Bi-National Commission (BNC) Regional Security Cooperation Working Group on Thursday. The U.S. Undersecretary of State for Political Affairs, Ms Wendy Sherman, said at the end of the second session of the meeting in Abuja that the implementation of the decisions would go a long way to address insecurity in the country. Sherman said it was necessary for Nigeria to take the decisions made by both countries at the BNC meeting seriously. She said: ``It is clear from the communiqué that we are about to issue that we have strengthened and deepened an already strong and vibrant relationship. ``We have agreed on many concepts and...
(UN.org 08/16/13)
Security Council praises Cameroon, Nigeria for Bakassi Peninsula transitionMembers of the United Nations Security Council today welcomed the peaceful conclusion of a special transitional regime established by an agreement between Cameroon and Nigeria concerning the Bakassi Peninsula. In a statement issued to the press, the 15-member body praised the Governments of Cameroon and Nigeria “for their commitment in honouring their obligations to comply with the decisions of the International Court of Justice (ICJ) and for the responsible and peaceful way in which they have resolved their differences on this matter.” In June 2006, the two countries signed the UN-backed Greentree Agreement setting the terms and timeframe for the implementation of the 2002 ruling of the ICJ, which transferred the Bakassi...
( 08/16/13)
With effect from yesterday, Nigeria has commenced the full registration of organisations in the country which use weights, measures, weighing and measuring instruments for trade. The policy is expected to regulate trade or commerce in goods which are sold or distributed by weight, measure or number. In a circular to all concerned organisations in the country dated August 14, 2013 entitled: “Legal Metrology Equipment Registration Notice,” the federal government through the Ministry of Industry, Trade and Investment advised full compliance with the new policy stating that it was also imperative that such instruments for trade be verified in line with Section 7 of the Weights and Measures Act, CAP W3 LFN, 2004. While informing that a dedicated web portal for...
(The Sun 08/16/13)
On May 14, President Goodluck Jonathan declared emergency rule in Adamawa, Borno and Yobe states in a last ditch effort to contain the Boko Haram insurgency in the northern part of the country. The move elicited a sigh of relief from Nigerians. It was a long awaited step that was expected to drastically reduce the carnage unleashed on a section of the country by the terrorist sect, if not completely stop it. The president had, during the declaration on national television three months ago, ordered the Chief of Defence Staff (CDS), Admiral Ola Sa’ad Ibrahim, to deploy more troops to the affected states for more effective internal security operations. The troops were vested with “the authority to arrest and detain...
(CNN 08/16/13)
(CNN) -- The Nigerian military said Thursday it killed one of the leaders of the Islamist extremist group, Boko Haram, which has waged an insurgency in the nation for years. Mamadu Bama was the second-in-command, the military said in a statement. He was killed this month along with his father, who was the group's spiritual mentor, the military said. The militant group has not released any statement on the deaths. Boko Haram has attacked various targets in the nation since 2009, murdering and kidnapping Westerners, and bombing schools and churches. It is suspected to be behind a gruesome mosque killing this week. In that attack Sunday, militants brandishing automatic weapons killed 44 worshipers in the country's troubled Borno state. Around...
( 08/16/13)
The Nigerian Shippers’ Council (NSC) and stakeholders in the port industry yesterday said they were set to counter the ever rising cost of doing business in Nigerian ports. Demurrage and storage charges by shipping lines and terminal operators are said to be on the high side compared to ports in other West African countries, amidst multiple charges. Speaking to journalists after a closed-door meeting held with the various freight forwarding associations, terminal operators and shipping companies yesterday, the NSC Executive Secretary, Barrister Hassan Bello, expressed the Council’s readiness to improve the operational performance of the ports industry with a view to making it more cost effective. He stated that the Council was ready to ensure that arbitrary charges by shipping...
(National Mirror Online 08/16/13)
The Federal Government has put the environmental cost of oil theft and illegal bunkering in the Niger Delta at $1trn (N156 trn). The estimate included the direct impact on the environment and the cost of restoring aquatic life destroyed as a result oil spills arsing from oil theft and illegal bunkering in the region. The Special Adviser to the President on the Niger Delta, Mr. Kingsley Kuku, gave the estimate at a conference on oil theft and illegal bunkering in Lagos yesterday just as the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, said that the Federal Government will recover over N232 billion overpayments made to “fraudulent” oil marketers. Kuku said: “While several estimates have been...
(Bloomberg 08/16/13)
Nigerian banks are rebounding from a record discount to lenders in South Africa as growth prospects for the continent’s two largest economies diverge. Investec Asset Management says the rally has further to run. The Nigerian Stock Exchange Banking 10 Index has increased 20 percent this year compared with a 3.7 percent drop for South Africa’s six-company FTSE/JSE Africa Banks Index and a 7.3 percent decline for the MSCI Emerging Markets Banks Index. South African lenders trade at a premium of 2.4 times to their Nigerian peers on a price-to-book basis, down from a record 2.7 times in January. Guaranty Trust Bank Plc (GUARANTY) to Ecobank Transnational Inc. (ETI) and Zenith Bank Plc are benefiting from financing oil, gas and power...
(Vanguard 08/16/13)
Zenith Bank Plc Thursday declared a Profit Before Tax (PBT) of N54.1 billion for the half year ended June 30, 2013, up from the N50.2billion posted in the corresponding period of 2012. In the results made available to the Nigerian Stock Exchange (NSE), Zenith Bank's profit after tax also rose from N42.41 billion to N45.419 billion. Gross earnings were N171 billion, up by 13 per cent above the N151 billion recorded in the same period in 2012. Interest income grew by 16 per cent from N111 billion to N128 billion, while net interest income appreciated by 15 per cent from N79.9 billion to N91.35 billion. Earnings per share followed the same positive trajectory, rising by 11 per cent from 134...
(Bloomberg 08/16/13)
The Nigerian government’s military crackdown against the theft of crude in the Niger River delta has left more than a 1,000 makeshift refineries in flames, worsening pollution in the area, authorities said. A military taskforce deployed last year to stop theft and protect facilities in Africa’s top oil producer has destroyed 1,819 makeshift refineries, set ablaze 861 boats carrying as much as 20,000 liters (5,277 gallons) each of illegally refined crude and 51 tanker trucks, force commander Major General Bata Debiro said yesterday at a conference on crude theft in Lagos. The military’s actions also contributed to pollution in the delta, Nigerian Maritime Safety Agency Director-General Ziakede Patrick Akpobolokemi told the meeting. “Security operatives blowing up things is causing more...
(News Agency of Nigeria(NAN) 08/16/13)
The Katsina State Government said on Friday that it freed 212 prison inmates this year from various prisons across the state by settling their fines. Alhaji Abubakar Yusuf, the Chairman of the state Committee on Prerogative of Mercy disclosed this while paying for the release of four inmates in Daura Prison. Yusuf, who is also the Special Adviser to Gov. Ibrahim Shema on Community Development, said the freed inmates were from 11 prison formations in the state. He explained that the committee was mandated by the government to visit the prisons on quarterly basis with a view to freeing such inmates. ``The state government also gives N10,000 to each of the freed inmates as start up capital to enable him...

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