Sabinews Morning News Update for November 6, 2015
Killer ponmo in Ogun
Ogun State Government yesterday alerted residents to the sale of poisonous local delicacy, ‘ponmo’ in markets across the state.
The state government alleged that ‘some unscrupulous businessmen’ attempting to exploit the current scarcity of cattle hide and skin used in preparing the, popularly called ‘ponmo’ have resorted to selling industrial hide and skin, already treated with tanning chemicals to unsuspecting members of the public. Read more
Onitsha traders resist new taxes
There is tension in Onitsha Market as traders in Abada Market in Onitsha, Anambra State yesterday vowed not to pay the new levies/taxes in the market until election is conducted to elect new executive members of the market which was put on hold for some time now.
The traders allegedly booed their chairman, Chief Paul Ibeneme Igirigi, when he addressed them yesterday morning on the condition of the market as it concerns the election at the market. Read more
PDP faults Edo govt’s moves to recover $31m from former governor
Edo State chapter of Peoples Democratic Party, PDP, yesterday reacted to the state government’s moves to recover $31million, among others, from a former governor of the state and his associates, by accusing the state government of squandering over N1trillion allegedly received from the federation account from 2008 till date on perceived overpriced legacy projects.
The party described the moves to recover the $31 million allegedly fraudulently taken from the state’s coffers as political desperation and persecution. Read more
Alleged murder: Witness seeks Fayose’s aides’ probe
The star witness in the alleged murder of former Ekiti State National Union of Road Transport Workers (NURTW) Chairman Omolafe Aderiye has spoken of how he was “tutored” to implicate eight persons accused of complicity in the crime.
The late Aderiye’s Personal Assistant, Gbolahan Okeowo, revealed that he secretly recorded the voices of the two aides of Governor Ayo Fayose whom he accused of “tutoring” him to write another statement which indicted the accused. Read more
Buhari, 36 govs to attend HID Awolowo’s state burial
President Muhammadu Buhari and 36 governors have been invited for the final burial rites of the late matriach of Awolowo, Chief Hannah Idowu Dideolu Awolowo.
Also, no fewer than 60 Bishops, 300 Clerics, including Pastors Adejare Adeboye and Tunde Bakare of the Redeemed Christian Church of God, RCCG and Latter Rain Assembly respectively, have been commissioned to participate in the two-week burial programme of HID Awolowo. Read more
Forbes names Dangote, Putin among world’s most powerful
The Forbes magazine, in its annual ranking of ‘The World’s Most Powerful People’, has listed the Russian President, Vladimir Putin, as the most powerful ahead of Germany’s Chancellor, Angela Merkel, and United States President, Barack Obama.
Africa’s richest man, Aliko Dangote, is also listed among other world leaders. Read more
$31m probe: Oshiomhole is a drowning man –Igbinedion
Former Edo State governor, Lucky Igbinedion, has replied his successor, Adams Oshiomhole on allegations of diverting $31 million meant to build a cement factory in the state during his administration. Igbinedion was governor of the state from 1999 to 2003.
On Wednesday, the Edo State Government, through the Commissioner for Information, Loius Odion, said an investigation would be launched on the alleged missing funds and has directed the Attorney General to commence legal action. Read more
Sylva urges Police Commissioner to probe attack on APC women
The Sylva/Igiri Campaign Organization (SICO), has urged the Bayelsa State Commissioner of Police to investigate the attack on the All Progressives Congress (APC) women by suspected members of the Peoples Democratic Party (PDP).
The Director of Media and Publicity of SICO, Chief Nathan Egba who condemned the attack on four APC women evacuating refuse in Yenagoa and a driver of one of the trucks used in the exercise said a formal complaint has been lodged with the Police. Read more
Senate not your supporters’ club, Ezekwesili tells Saraki
A former Minister of Education, Oby Ezekwesili, has accused the Senate President, Dr. Bukola Saraki, of converting the Senate to a supporter’s club for his ongoing trial at the Code of Conduct Tribunal.
About 30 senators were said to have accompanied Saraki to the CCT on Thursday. Read more
Boko Haram: December deadline achievable –NAF
Air Officer Commanding, Tactical Air Command (AOC TAC) of the Nigerian Air Force, Air Vice Marshal Rufus Ojuawo, has assured Nigerians that the December deadline given by President Muhammadu Buhari to the military to rout Boko Haram is achievable.
Speaking with newsmen in Ibadan, Oyo State capital yesterday, during his two-day official visit, where he was received by the Commander, NAF Base, Ibadan, Air Commodore Emmanuel Akinbayo, Ojuawo said the rate of bombing in the North-East has been going down in the past two weeks, adding: “That shows that we are winning. By God’s grace, December deadline is achievable.” Read more
Dickson hails Buhari for revealing Nigeria’s financial status
The Governor of Bayelsa State, Seriake Dickson, has commended President Muhammadu Buhari for disclosing the economic status of the country.
Dickson urged Bayelsa people to brace up to the harsh financial situation facing the state. Read more
Lagos trade fair commences today, attracts foreign investors
With an objective to promote value-addition in the country, the Lagos International Trade Fair (LITF) organised yearly by the Lagos Chamber of Commerce and Industry (LCCI), will commence today to showcase and attract investment opportunities to the nation’s non-oil sector from local and international investors.
Scheduled to hold from today till 15th of November, 2015, at the Tafawa Balewa Square, Lagos, the chamber pointed out the need to support the development of the non-oil sector in Nigeria especially now that the country urgently needs to diversify its economy. Read more
Rice investors brace up for hard times as smuggling booms again
Smuggling of rice across Nigerian borders has reached prohibitive levels, with hundreds of trailers plying back and forth from neighbouring countries carrying illegal shipments of the staple food.
The nation’s supply gap was estimated at about three million tonnes by United States Department of Agriculture (USDA) and half that number by the Federal Government earlier this year. Read more
‘African economies reflect paradox of growth, poverty, opportunities’
Despite the impressive economic growth and potential being showcased by many African economies, latest report by the United Nations Economic Commission for Africa (UNECA) shows that there remains a paradox of growth and poverty that needs to be addressed by promoting inclusive economies and quality growth with fair distribution.
According to the report, the numbers look good but as much as African economies have grown in the past decade, they still produce inequality and lack fair distribution and inclusion. Read more
Oil and Gas
Fuel scarcity bites harder in Ilorin
Economic and social activities in Ilorin, the Kwara State capital, and its environs, have been paralysed, following the scarcity of petrol in many filling stations, the News Agency of Nigeria (NAN) has reported.
NAN correspondent, who visited several filling stations yesterday, reports that vehicle owners, especially commercial vehicle drivers, spent several hours at filling stations to buy fuel. Read more
Nigeria’s light sweet crude price falls to $46.32 a barrel
The price of Nigeria’s sweet crude, yesterday, fell to $46.32 per barrel against $47.17 a barrel it was offered in the market on Wednesday.
Also, the global benchmark, Brent crude oil fell from $50.54 per barrel to $48.58 a barrel as at yesterday. Read more
OPEC’s confidential report may squeeze market share
Global demand for OPEC’s crude oil will remain under pressure in the next few years, the producer group said in an internal report, potentially fuelling a debate on its strategy of defending market share rather than prices.
The draft report of OPEC’s long-term strategy, seen by Reuters, forecasts crude supply from OPEC – which has an output target of 30 million barrels per day (bpd) – falling slightly from 2015’s level until 2019, unless output slows faster than expected in rival producers. Read more
DPR to prosecute marketers over fuel diversion
Any petroleum products marketer who engages in the act of diversion, hoarding or under-dispensing will be prosecuted and treated like an economic saboteur, the Department of Petroleum Resources (DPR) has said.
The Director of DPR, Mordecai Ladan, who handed the warning in Abuja, stated that in addition to prosecution, any erring filling station that engage in diversion of petroleum products will also risk two months suspension. Read more
Subsidy: Fuel scarcity to linger for 3 weeks
Despite the Federal Government’s approval of N314 billion subsidy payment claims to oil marketers, Nigerians should brace up for a prolonged fuel scarcity of not less than three weeks.
Recall that the Federal Government Wednesday approved the payment of N413 billion to oil marketers to ensure that filling stations remain wet with petroleum products all year round. Read more
Oando Announces Payment of $100m Afrexim Debt
Oando Energy Resources (OER), the upstream subsidiary of Oando Plc, has announced the repayment of its $100 million African Export-Import Bank (Afrexim) loan facility, which was utilised in financing the landmark $1.5 billion acquisition of the ConocoPhillips Nigerian Oil and Gas business in July 2014.
The company said in a statement that combined with cash on hand, its net debt position now stands at $500 million; down 44 per cent from $900 million outstanding at the completion of the COP acquisition. Read more
N48bn lost to crude theft in nine months
Between January and September this year, Nigeria lost about N48bn to crude oil theft, the Nigerian National Petroleum Corporation has said.
According to the corporation, the N48bn is aside what the losses recorded by the NNPC during the period under review. Read more
FG issues Ibom Power Plant licence to generate additional 495mw
The Federal Government, yesterday issued Akwa Ibom Ibom Power Plant, licence to generate additional 495 megawatts of electricity.
The amended licence issued the Government of Akwa Ibom State, promoter of Ibom Power Plant, has now increased its generating capacity from 190 megawatts to 685 megawatts. Read more
Power: NERC issues 126 licences for 36,040MW
A total of 126 power firms have received generation licences from the Nigerian Electricity Regulatory Commission to generate 36,040.12 megawatts of electricity for the country.
According to NERC, the power firms will generate on-grid, off-grid and embedded power based on the various licences given to them by the commission. Read more
Nigeria beat Mexico to set up all-African final against Mali
Holders Nigeria have reached their second consecutive final thanks to a thrilling 4-2 victory against Mexico in Concepcion.
Mexico opened the scoring through Kevin Magana, with stunning efforts from Kelechi Nwakali and Orji Okwonkwo seeing the African side ahead. Diego Cortes’s remarkable solo effort levelled matters, before Osinachi Ebere and Victor Osimhen’s late record-equalling penalty saw the Golden Eaglets into an all-African final against Mali. Read more
Accra to host agric investment summit
Accra will, from November 17 –18, 2015, play host to the Agrique Africa Investment Summit, which will bring together over 300 of Africa’s leading Agricultural sector players and a host of seasoned speakers, to dialogue on the urgent need for investment in the sector.
The event, to be held at the World Trade Centre, will be attended by agricultural products and services providers, development agencies, farmer associations, financial service providers as well as investors, among others. Read more
Mombasa records hottest day and floods
Abnormally hot weather has preceded heavy rains and flooding in the Coast region, with temperatures hitting a record 32° Celsius.
Some people have resorted to staying indoors as others walk with bunched-up handkerchiefs to wipe the dripping sweat caused by the humidity that has hit areas on the coastal strip, including in Mombasa and Kwale. Read more
Somalia deports ‘illegal’ Kenyans
Twenty-two Kenyans found guilty of illegally working in Somalia yesterday will be deported.
The Kenyans, whose names were not released, worked for a software company called Liber Link. Read more
Raila in fresh strategy ahead of 2017 polls
Cord Leader Raila Odinga is laying the groundwork for a do-or-die battle against President Uhuru Kenyatta in 2017, as perceived political blunders by Jubilee reached a crescendo.
It has emerged that on Sunday, Raila will be hosted in Bomet by Governor Isaac Rutto – a chief Jubilee critic – in what appears to be the beginning of a new political reunion. Read more
British spies uncovered Isil bomb plot in Egypt
Egypt’s aircraft security shutdown was instigated after British spies intercepted messages which showed that Isil extremists had plotted a major terrorist attack in the region, The Daily Telegraph can disclose.
The communications and “chatter” — uncovered by British intelligence only after the Russian passenger jet tragedy — are what led David Cameron to say it was “more likely than not” that a bomb brought down the plane on Saturday, killing 224 people. Read more
Baby survived South Sudan plane crash in man’s arms: Witnesses
A thirteen-month-old baby and a man who was found cradling the infant were the only survivors of a cargo plane that crashed soon after taking off from a South Sudan airport, killing 37 people, a witness and relatives said on Friday.
Stephen Warikozi, who heads South Sudan’s Civil Aviation Authority, said the plane was not authorised to carry passengers. He told The Associated Press that the captain of the Antonov AN-12 informed the control tower at Juba International Airport before taking off Wednesday that he had 12 passengers and six crew members. There were believed to be even more people aboard the flight than those cited by the captain. Read more
Egypt’s grand plans to boost tourism marred after crash
Egypt had launched festivities, archaeological openings and a newtourism campaign to draw much-needed foreign visitors. But with many flights to Red Sea resorts grounded Thursday amid suspicion that a bomb brought down a Russian airliner, hopes for a recovery were fading.
Egyptians, who depend on the key sector, were keeping a brave face even as some stranded tourists grew angry and tour operators bristled over possible cancellations. Read more
All electricity in Austria’s largest state now produced from renewables
Austria’s largest state said Thursday that 100 percent of its electricity is now generated using renewable sources of energy.
“We have invested heavily to boost energy efficiency and to expand renewables,” said Erwin Proell, premier of 1.65m-strong Lower Austria. Read more
Russia announces plan to ground all Boeing 737s in the country
Russia’s airline regulator said it was suspending flying certificates for Boeing 737s in use in the country until it receives notification that the planes are safe to fly.
The statement by the country’s Interstate Aviation Committee (IAC), dated 4 November, did not immediately ground flights. A spokesman for Rosaviatsia, Russia’s aviation watchdog, which is obliged to comply with IAC safety recommendations, said it had not been notified, so there was no order yet to suspend flights. Read more
Dubai meeting leads to agreement on curbing use of HFCs
U.S. Environmental Protection Agency Administrator Gina McCarthy said on Thursday several nations took a step toward an amendment to the Montreal Protocol that will substantially reduce greenhouse gases by cutting back on production and use of hydrofluorocarbons (HFCs).
Secretary of State John Kerry also praised the action as a major accomplishment that shows “that the world is ready for a new chapter in the fight against climate change.” Read more
Indian Woman Reportedly Burned with Boiling Oil for Not Providing a Dowry
A newlywed Indian woman was reportedly tortured by her in-laws for not bringing a dowry with her to their home, her hands forcibly burned by dipping them in boiling oil.
The woman has been admitted to a hospital in Beed, a small town in the western state of Maharashtra, PTI reports. Read more
For Myanmar’s Muslims, little to cheer about historic election
In a refugee camp outside Myanmar’s provincial capital Sittwe, Soe Hlaing was holding a pink card, the most coveted of the rainbow of documents indicating citizenship status, which gives him a vote in Sunday’s historic election.
But the 44-year-old Muslim said he will not be exercising the right, in protest against the disenfranchisement of most of the 1.1 million Rohingya Muslims amongst whom he lives. Read more
North Korea Lifts Entry Bans on 2 South Korean Officials
North Korea on Friday lifted entry bans it had imposed earlier this week on two South Korean officials involved in managing a jointly-run factory park in the North.
Pyongyang didn’t offer a clear explanation on why it banned the officials from the Kaesong industrial park on Wednesday or why it decided to allow them to visit again, said Jeong Joon-Hee, a spokesman from Seoul’s Unification Ministry. South Korean employees at Kaesong had commuted normally across the border this week. Read more