* Abductors of Taraba lawmaker demand N75m ransom (Punch) * Marketers to resume fuel importation soon (Nation)

* Abductors of Taraba lawmaker demand N75m ransom (Punch)   *   Marketers to resume fuel importation soon (Nation)

SABINEWS MIDDAY NEWS UPDATE, JANUARY 4, 2018

Abductors of Taraba lawmaker demand N75m ransom (Punch)

The gunmen who kidnapped the member representing Takum I in the Taraba State House of Assembly, Hon. Hosea Ibi, have allegedly demanded N75m for his release. A family source who pleaded anonymity told The PUNCH on Thursday that the kidnappers have contacted a family friend, who is also a lawmaker in the State House of Assembly, with the ransom demand

//punchng.com/breaking-abductors-of-taraba-lawmaker-demand-n75m-ransom/">Read more

Marketers to resume fuel importation soon (Nation)

The Nigerian National Petroleum Corporation (NNPC) has advised fuel marketers to seize the opportunity of special window, provided by the Central Bank of Nigeria(CBN) to access  dollars for importation, its Head, Group Manager, Public Affairs, Ndu Ugbamadu, has said. He said marketers will resume importation soon, when they maximise the use of the window, by accessing  enough forex for fuel importation.

//thenationonlineng.net/marketers-resume-fuel-importation-soon/">Read more

CBN’s Anchor Borrowers Program

225,000 farmers to benefit from NIRSAL’S new field structure (Punch)

As part of its focus on taking business-driven agriculture to the grassroots, the Nigeria Incentive-Based Risk Sharing System for Agriculture is deploying an innovative nation-wide field structure to support 225,000 farmers under the CBN Anchor Borrowers Scheme. The structure, known as the Project Monitoring Reporting and Remediation Office, has units located in each state and the Federal Capital.

//punchng.com/cbns-anchor-borrowers-program-225000-farmers-to-benefit-from-nirsals-new-field-structure/">Read more

I agree with Buhari on INEC’s credible polls, says Agbakoba (Nation)

A former President of the Nigerian Bar Association (NBA) Olisa Agbakoba (SAN) has hailed President Muhammadu Buhari’s comment on the elections conducted by the Independent National Electoral Commission (INEC) last year. In his New Year’s Day broadcast, the President described the by-elections conducted last year as credible.

//thenationonlineng.net/agree-buhari-inecs-credible-polls-says-agbakoba/">Read more

FG hasn’t treated Ijaw fairly, says Clark (Punch)

A prominent Ijaw leader, Chief Edwin Clark, on Wednesday, declared that the Federal Government had not been fair to the Ijaw ethnic nationality of the Niger Delta. Clark, a former Federal Commissioner for Information, lamented that the time had come for the Federal Government to address the issue of the long years of neglect to which the Ijaw had been subjected by the country.

//punchng.com/fg-hasnt-treated-ijaw-fairly-says-clark/">Read more

NASS, stakeholders collaborate on extending Local Content to construction, power sectors (Nation)

Members of the Federal House of Representatives have begun working with stakeholders in Power, Construction and Information Communication Technology sectors to extend the Nigerian Content Act to the three sectors of the economy. The collaboration was firmed up at the recent workshop organised by the Nigerian Content Development and Monitoring Board (NCDMB) for members of the House of Representatives Committee on Local Content, in Port Harcourt, Rivers State.

//thenationonlineng.net/nass-stakeholders-collaborate-extending-local-content-construction-power-sectors/">Read more

At New Year dance, Island Club seeks better Nigeria (Punch)

Members of the Island Club, Lagos, once again thrilled themselves and guests at an event held on Sunday evening to usher in 2018. At the programme tagged 2017 New Year Eve/New Members Dance, juju maestro, Ebenezer Obey, was at his evergreen best to the admiration of an audience comprising people from all walks of life.

//punchng.com/at-new-year-dance-island-club-seeks-better-nigeria/">Read more

‘We‘ll expand bio-bean technology to Nigeria’ (Nation)

Arthur Kay is the founder and vice chairman of bio-bean, the world’s first company to industrialise the process of turning coffee waste into advanced biofuels and biochemicals. He is also a recipient of Shell’s LiveWIRE Innovation Award. Kay explained to reporters how waste from coffee grounds could be used as alternative source of fuel to power buses, saying

  “There’s nothing like waste, but resources in the wrong place.” Read more

Oil firm offers Rivers communities free medical service (Punch)

About 2,000 indigenes of communities in Andoni Local Government Area of Rivers State have benefited from the ongoing medical programme provided by Green Energy International Limited, the operator of the Otakikpo marginal field in OML 11. The medical consultant for the programme, Christopher Obiorah, said the exercise, which was supported by Lekoil Oil and Gas Investment, offered free medical diagnosis and examination, eye treatment and distribution of glasses, dental treatment, deworming of children, as well as surgery for critical ailments.

//punchng.com/oil-firm-offers-rivers-communities-free-medical-service/">Read more

Ondo votes N15b for road construction, rehabilitation (Nation)

Ondo State governor, Mr. Rotimi Akeredolu, has earmarked N15 billion for rehabilitation and construction of roads across the 18 local government areas of the state this year. Out of this amount, N3 billion is to be spent on the reconstruction of roads in the rural areas in other to ease transportation of farm produce to urban areas.

//thenationonlineng.net/ondo-votes-n15b-road-construction-rehabilitation/">Read more

PMI hits one-year high at 59.3 points, says CBN (Punch)

The Central Bank of Nigeria’s Purchasing Managers’ Index increased to 59.3 index points in December, the highest in 2017, PMI Survey Report released by the CBN on Wednesday showed. The latest figure was far above the PMI of 55.9 index points reported in November, and 55 index points in October as well as 55.3 index points in September.

//punchng.com/pmi-hits-one-year-high-at-59-3-points-says-cbn/">Read more

AHCN rues govt’s disposition to NHF (Nation)

The Association of Housing Corporations of Nigeria (AHCN) has taken a swipe at government’s attitude towards the National Housing Fund (NHF), saying it has been contrary to what obtained when the policy was newly introduced. In a communique issued at the end of the two-day national workshop on emerging partnership options for decent and affordable mass housing, organised by the association at Owerri, Imo State,  the body advised that all outstanding contributions to the NHF be remitted appropriately.

//thenationonlineng.net/ahcn-rues-govts-disposition-nhf/">Read more

BUA kicks as Obaseki orders arrest of two workers (Punch)

Two workers of BUA International Limited were arrested on Wednesday on the order of Edo State Governor, Godwin Obaseki, for allegedly flouting a stop-work order issued by the Federal Government over the disputed Obu mine in Okpella. The suspects were arrested when the governor and some heads of security agencies visited the site in Etsako East Local Government Area of the state.

//punchng.com/bua-kicks-as-obaseki-orders-arrest-of-two-workers/">Read more

NAICOM inaugurates committee on public building insurance enforcement (Nation)

The 0.25 per cent premium collected from insurance companies to aid the enforcement of compulsory insurance for public buildings by the Federal Fire Service (FFS) has  accumulated to about N100 million. Insurance Commissioner, National Insurance Commission (NAICOM), Mohammed Kari revealed this ater the inauguration of a Technical Committee to drive the enforcement of public building insurance in the country in Abuja.

//thenationonlineng.net/naicom-inaugurates-committee-public-building-insurance-enforcement/">Read more

Tony Blair warns British voters – time is running out to stop Brexit folly (Reuters)

Former British Prime Minister Tony Blair on Thursday warned voters that time was running out to reverse Brexit, a folly he said would torpedo Britain’s remaining clout and be regretted for generations to come. More than a year and a half since the 2016 Brexit vote, the United Kingdom remains deeply divided over the planned EU exit that Prime Minister Theresa May says will take place on March 29, 2019.

//uk.reuters.com/article/uk-britain-eu-blair/tony-blair-warns-british-voters-time-is-running-out-to-stop-brexit-folly-idUKKBN1ET00F">Read more

Japan faces greatest danger since World War due to North Korea – PM (Reuters)

The security situation facing Japan is the most perilous since World War Two because of North Korea’s “unacceptable” provocations, Prime Minister Shinzo Abe said on Thursday and he vowed to bolster defences to protect the Japanese people. Tension in the region has been rising, particularly since North Korea conducted its sixth and largest nuclear test in September, and then in November, said it had successfully tested a new intercontinental ballistic missile that could reach all of the U.S. mainland.

//uk.reuters.com/article/uk-northkorea-missiles-japan-abe/japan-faces-greatest-danger-since-world-war-due-to-north-korea-pm-idUKKBN1ET0J5">Read more

Turkey sentences pro-Kurdish party lawmaker to over 16 years in prison – CNN Turk (Reuters)

A Turkish court on Thursday sentenced a lawmaker from the pro-Kurdish opposition party to 16 years and 8 months in prison, broadcaster CNN Turk and other media said, nearly one year after his arrest over terror charges. Idris Baluken, a lawmaker for the pro-Kurdish Peoples’ Democratic Party (HDP), was first jailed pending trial in a terrorism-related investigation in November 2016. He was later released in January 2017 and arrested again one month later.

//uk.reuters.com/article/uk-turkey-security-kurds/turkey-sentences-pro-kurdish-party-lawmaker-to-over-16-years-in-prison-cnn-turk-idUKKBN1ET102?il=0">Read more

Former champion fined for assaulting junior sumo wrestler (Nation)

Former sumo grand champion Harumafuji has been fined 500,000 yen (3,283.66 pounds) for assaulting a junior wrestler, a court in Tottori, western Japan said on Thursday. The financial sanction came after prosecutors filed a summary indictment, rather than seek a trial. Harumafuji retired in November for injuring fellow Mongolian Takanoiwa while drinking at a restaurant-bar with other wrestlers.

//thenationonlineng.net/former-champion-fined-assaulting-junior-sumo-wrestler/">Read more

Manchester City now the world’s most powerful club financially (Independent)

Runaway Premier League leaders Manchester City are packing more financial power than any other club in world football, according to a new study. The Soccerex Football Finance 100, which ranks the world’s top teams based on both their playing and fixed assets, money in the bank, owner potential investment and debt, was published on Wednesday.

//www.independent.co.uk/sport/football/premier-league/manchester-city-united-arsenal-liverpool-tottenham-chelsea-soccerex-football-finance-100-a8141181.html">Read more

Barcelona ‘offer’ Liverpool £116m for Philippe Coutinho (MailOnline)

Barcelona have once again stepped up their pursuit of Liverpool midfielder Philippe Coutinho by launching a €130m (£116m) bid, according to reports in Spain. Coutinho was the subject of three bids from Barcelona in the summer – the last of which added up to £114million – but all were rejected out of hand by Liverpool, who also turned down a written transfer request from the Brazilian.

//www.dailymail.co.uk/sport/football/article-5234659/Barcelona-offer-Liverpool-116m-Philippe-Coutinho.html">Read more

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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