Wednesday 13 December 2017
(The Wall Street Journal 05/31/13)
Securing Japan's economic recovery has been my priority since returning as the country's prime minister at the end of last year. We have made progress and, as this newspaper has observed, Japanese companies and individuals alike are starting to feel the benefits. The nature of the global economy, however, means that "Abenomics" cannot simply be a domestic endeavor, nor can it be about short-term gain. Japan's economic strength has been built on a cornerstone of cooperation and trade internationally, while our foreign policy is founded on the belief that peace and prosperity abroad contribute to peace and prosperity at home. This stance is also reflected in Japan's approach to global development challenges. On my first official visit to Myanmar this...
(The Nigerian Voice 05/31/13)
Guaranty Bank PLC has been named the 2013 Bank of the Year by the African Banker magazine. GTBank, a highly respected brand in Nigerian financial market, was bestowed with the award in a well-attended ceremony in Marrakech, Morocco on Wednesday. The award recognizes financial institutions that have emerged as industry leaders and continent trend setters, due to good corporate governance practices, exceptional service delivery within the financial services industry of their country and innovative products.Publisher of African Banker Magazine, Omar Ben Yedder, said, 'We are delighted that Guaranty Trust Bank plc has won this award. Indeed it has been a good evening for Nigerian banks and GTBank has consistently played a leading role in banking in Nigeria. Prudently run, with...
(The Sun 05/31/13)
As his adversaries fine-tune the plot to impeach him, Rivers State Governor Chibuike Rotimi Amaechi has assembled his war cabinet to give them a good fight to stall the move. Spearheading the battle against Amaechi’s impeachment is an All Progressives Congress (APC) governor. Gov. Amaechi is also set to challenge his suspension by the Peoples Democratic Party (PDP) in court. Already, he has assembled a legal team, most of who have voluntarily offered to defend democracy and the rule of law. He was suspended for alleged anti-party activities this week. Amaechi is expected to file papers before a Federal High Court any moment from now. “Amaechi’s position is that democracy can only thrive where the rule of law is allowed...
(China Daily 05/31/13)
Vice-premier calls on nations to set goals. The destiny of the African Union and African continent are intertwined, and China will closely work with the AU to further enhance the partnership, according to a high level Chinese official. Chinese President Xi Jinping's special representative and Vice-Premier Wang Yang said "a prosperous and strong AU makes a prosperous and strong African continent" when he met Dlamini Zuma, chairman of the AU Commission, on Saturday as celebrations to mark the 50th anniversary of the AU kicked off in the Ethiopian capital city. He said Africa and its people should use the anniversary as an opportunity to further stress and promote the spirit of pan-Africanism and reach a consensus on its renaissance mission,...
(The Nigerian Voice 05/31/13)
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday hit the N12 trillion mark, the highest achieved after the stock market crashed in 2008. The market capitalisation grew by N211 billion or 1.77 per cent to close at N12.15 trillion from the N11.94 trillion achieved on Tuesday. Market capitlaisation closed a little shy of N13 trillion mark at the height of the market boom in March 2009, before it crashed with dizzying velocity to around N6 trillion. The All-Share Index also appreciated by 658.06 points or 1.77 per cent to reach 38,016.80 against the 37,358.74 posted on Tuesday due to huge appreciation by blue chip equities. Nestle led the price gainers’ table by N98 to close at N1,...
(Voice of America 05/30/13)
The Nigeria’s Northern Elders Forum (NEF) plans to meet Thursday to review a strategy toward the state of emergency recently declared in three northern states by President Goodluck Jonathan. President Jonathan recently declared states of emergency in three northern states following an upsurge in violence carried out by the militant sect, Boko Haram. Forum spokesman Ango Abdullahi says the government did not consult the northern elders before declaring the states of emergency, despite seeking the group’s help to resolve the country’s internal security crisis. “The proclamation of the state of emergency came to us as a surprise because of the way it came about soon after a change of policy and strategy, which incorporated dialogue and reconciliation,” said Abdullahi. “We...
( 05/30/13)
The leader of Islamist extremist group Boko Haram claims in a video obtained by AFP on Tuesday that Nigerian soldiers have retreated during an ongoing military offensive while insurgents have sustained little damage. The video marks the first public comments from Boko Haram leader Abubakar Shekau since the start of a sweeping offensive by the Nigerian army on May 15 and also includes a call for foreign Islamists to join the fight in Nigeria. Shekau’s whereabouts cannot be determined in the video, in which he is shown seated and dressed in camouflage with a turban, an AK-47 at his side. His comments contradict statements from the military, which has claimed major successes during the offensive, including the destruction of Boko...
(The Guardian 05/30/13)
Secretary of state John Kerry urges government troops to remain disciplined in latest offensive against Islamic terrorists. Nigeria has the right to defend itself against an Islamic terrorist group threatening the country's north, but it must not condone human rights violations committed by its own forces fighting the Boko Haram Islamist group, the US secretary of state, John Kerry, said last Saturday. Kerry, in his first visit to sub-Saharan Africa since taking office in February, addressed what Human Rights Watch and Amnesty International, among others, have charged is a campaign of violence, harassment and killing carried out or abetted by government forces fighting in the north. "Boko Haram is a terrorist organisation, and they have killed wantonly and so we...
(AL Jazeera 05/30/13)
The Boko Haram armed group has claimed that a military offensive launched against it by the Nigerian military is failing. "My fellow brethren from all over the world I assure you that we are strong, hale and hearty since they launched this assault on us following the state of emergency declaration," Abubakar Shekau, the group's leader, said in a video released on Wednesday. Shekau's statement was the first since President Goodluck Jonathan declared a state of emergency on May 14 in three northeastern states worst hit by the Boko Haram-led insurgency. "When they launch any attack on us you see soldiers fleeing and throwing away their weapons like a rabbit that is been hunted down," Shekau added, speaking in a...
(This Day Live 05/30/13)
In the wake of the recent piracy attacks in Nigeria's maritime domain, the Nigerian Navy (NN) Wednesday warned pirates to desist from their nefarious activities or face the consequences. The Flag Officer Commanding, Western Naval Command (WNC), Rear Admiral Ibok-Ete Ibas, made this disclosure during the ongoing 57th anniversary of the NN, held at Beecroft, Apapa, Lagos. Also, as part of the activities earmarked to celebrate the anniversary, which coincided with the Democracy Day celebrations, the navy took over 350 civilians on a sea trip. The event, which was held at the grounds of Nigerian Navy Ship (NNS) Beecroft, one of the units under the WNC and commanded by Commodore Chris Ezekobe, saw a large number of civilians gracing the...
( 05/30/13)
Africa has witnessed remarkable growth over the past decade but must invest heavily in infrastructure to continue on this path, leaders from the continent said. The economies of countries in sub-Saharan Africa grew annually by nearly 5% in the previous 10 years, the African Development Bank said at the five-day meeting being held in the Moroccan city of Marrakesh. But that "may not benefit a wider section of the population... unless there is a marked improvement in infrastructure," it said. Ibrahim Bocar Ba, commissioner for the Economic Community of West African States, said it was a key concern for the regional bloc. "We have five priorities at ECOWAS. The first is peace of course. But infrastructure comes straight after that"...
( 05/30/13)
As the afternoon sun glinted off the waters in Ivory Coast's port of Abidjan, a team of gendarmes set out in a leaky wooden pirogue with no weapons and nothing more than mobile phones for communication. Their mission: to hold the front line against piracy in the world's new hotspot for maritime crime, the Gulf of Guinea off the coast of West Africa. "This is how we work every day," grumbled one man as their outboard motor sputtered out, setting them adrift amid bobbing plastic bottles. "We don't even have life vests." Until recently, Ivory Coast's maritime surveillance brigade - the equivalent of a coastguard - managed, barely, to keep a lid on crime in the waters around one of...
(This Day Live 05/30/13)
Minster of Education, Professor Ruquayyatu Rufai, has noted that Nigeria’s growth will never achieve her full potential if the country allows corruption, which she described as a full-blown cancer, to continue to thrive. Insisting that things have to change so that Nigeria can survive and develop into an orderly, reasonable and predictable way, the minister noted that since corruption had now become the single biggest bane of the country, it should no longer be condoned. Represented by a Director in her ministry, Alhaji Ahmed Rakaya, the minister said these in Abuja at the public presentation of the teachers guide for the teaching of the National Values Curriculum in Basic Education at the headquarters of the Independent Corrupt Practices and other...
(Fox News 05/29/13)
Private security officials say pirates have hijacked a fuel tanker and kidnapped foreign sailors in a West Africa region that is experiencing increasing pirate activity. Security officials said Tuesday that the hijacking of the MT Matrix I happened Saturday off the coast of Bayelsa state in Nigeria. The officials said the pirates kidnapped both Nigerian and Pakistani sailors in the attack. A military spokesman in the delta referred calls for comment Tuesday to Nigeria's navy, the Associated Press reports. Commodore Kabir Aliyu, a navy spokesman, said there had been no report of a hijacking made to officials. Some shippers in the region don't report hijackings publicly, out of fears of having their insurance premiums rise. Telephone numbers for Pakistan's High...
(Bloomberg 05/29/13)
Nigeria approved a shortlist of 11 companies bidding for two state-owned power utilities, the National Council on Privatization said. Four bidders were pre-qualified for Afam Power Plc and seven others for Kaduna Distribution Co., the Abuja-based privatization council said in an e-mailed statement. Interested buyers for the power companies “would be invited to the financial bid opening stage after the submission of the required post-qualification security,” said Chigbo Anichebe, a spokesman for the privatization council. Nigeria, Africa’s top oil producer, is selling majority stakes in six power-generation and 11 distribution companies spun out of the former state utility as it seeks private investment to curb frequent blackouts. So far, five state-owned power plants and 10 power-distribution companies have been sold...
(Daily Trust 05/29/13)
Lagos — The federal government is set to implement a policy that would guarantee protection of web based transaction processes in Nigeria. The document which is currently being considered for implementation by the National Information Technology Development Agency (NITDA) is tagged blueprint on Private Key Infrastructures (PKI), seeks to address high rate of uncontrolled infiltration and proliferation in the use of cyberspace for communication and transaction in the country. Speaking at the 2nd PKI stakeholders meeting titled PKI Blueprint for Nigeria and Stakeholders' Engagement Workshop' in Lagos yesterday, the Director General NITDA, Prof. Cleopas Angaye said it has become imperative to develop a sustainable and secured platform for cyber accessibility, secured transaction and credible identity. The PKI is a collection...
(News24 05/28/13)
Lagos - Four foreigners kidnapped last month when their vessel was attacked off the West African coast have been freed unharmed in Nigeria's oil-producing region, police said on Monday. The sailors - two from Ukraine, one from Kiribati and a Russian - were taken on 22 April from the Hansa Marburg container vessel, operated by German firm Leonhardt and Blumberg. The firm described the attack as occurring 209km southwest of Malabo, Equatorial Guinea, while Nigerian police said the incident happened 100 nautical miles off the southern Nigerian state of Bayelsa. Bayelsa and Malabo are near one another. They were freed in Nigeria's Rivers state on Thursday on the outskirts of the state capital Port Harcourt, according to a police spokesperson...
(Voice of America 05/28/13)
ABUJA — The Nigerian military says it has killed three insurgents and captured 25 while foiling what it calls an "extensive terrorist operation" in the northeastern city of Maiduguri, at the epicenter of the insurrection by the group known as Boko Haram. Communication networks remain shut down making it hard to confirm or deny the military's account. Besides stopping the attack and either arresting or killing all of the plotters, the Nigerian military says it has intercepted messages that urge Boko Haram insurgents to fight on against what the military calls a “massive” offensive against the group. The defense ministry also says it has captured one of the country’s “most wanted" terrorists, a man named only as Abba, and one...
(The New York Times 05/28/13)
ADDIS ABABA, Ethiopia — Making his first visit to sub-Saharan Africa as secretary of state, John Kerry urged Nigeria on Saturday to uphold human rights as it steps up its fight against Islamic extremists. “One’s person’s atrocity does not excuse another’s,” Mr. Kerry said, when asked about reports of serious human rights violations by Nigerian forces. “We defend the right completely of the government of Nigeria to defend itself and to fight back against terrorists,” he added. “That said, I have raised the issue of human rights with the government.” Mr. Kerry’s visit to commemorate the 50th anniversary of the African Union comes during a trip that is mainly devoted to Middle East diplomacy. Since he left Washington on Monday,...
(This Day Live 05/28/13)
Nigeria's total value of Foreign Direct Investment (FDI) stood at about $6.8 billion in 2012, according to the African Development Bank (AfDB). The amount, which represented an increase of about 17.24 per cent, ought to have been significantly higher but for the lingering security challenges in some parts of the country, the bank stated in the maiden edition of its monthly newsletter, The Nigeria Field Office (NGFO), which was made available to THISDAYMonday. It was also gathered that the bank had also approved a loan of $300 million to finance the transport sector and economic governance reform programme. The AfDB, however, noted that with a stable macroeconomic outlook, "there is a good chance of further increase in FDI in 2013."...

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