*We Know Where Abubakar Shekau is – Deby* *AIT replies Tinubu, demands N100bn damages*

*We Know Where Abubakar Shekau is – Deby* *AIT replies Tinubu, demands N100bn damages*

Sabinews Daily Morning News Update for March 5, 2015MORNING NEWS

 

National News

 

Chadian President: We Know Where Abubakar Shekau is

Idriss_Deby_Itno_IMG_3617Chadian President, Idriss Deby, yesterday vowed to “wipe out” Boko Haram and called on the group’s chief, Abubakar Shekau, to give himself up, warning that he knew where the militant leader was hiding.

“It is in Abubakar Shekau’s interest to surrender, we know where he is. If he refuses to give himself up, he will suffer the same fate as his comrades,” Deby said at a press conference with his visiting Niger counterpart. Read more

AIT replies Tinubu, demands N100bn damages

Daar Communications Plc has rejected in their entirety the demands of Tunji Abayomi and co on behalf of Bola Tinubu over a documentary titled “Unmasking The Real Tinubu” transmitted on African Independent Television, AIT, according to a publication on its website.

The demands, which Mike Ozekhome’s chambers describe as laughable, include the stoppage of further transmission of the alleged defamatory documentary, failure which daar communications will be made to pay twenty billion Naira representing damages. Read more

Boko Haram’s Bomb Kills 2 Soldiers in Niger

A bomb planted and remotely detonated by Boko Haram militants in Diffa region has killed two soldiers and wounded others, Niger military sources told the Hausa Service of the BBC.

“We had two soldiers killed yesterday in a remote-controlled explosion. We took up the chase and killed the two militants responsible for the attack near a bridge over the Kamadougou River,” Niger’s army spokesman, Col. Ledru Mustapha told the agency. Read more

Bringing “everyone wins” recycling to Nigeria

Growing up in Lagos, Nigeria, Bilikiss Adebiyi MBA ’12 witnessed a waste epidemic in the city’s slums, where many of her relatives lived: Plastic bottles, aluminum cans, and other waste accumulated in streets and open gutters, causing flooding, disease, and stress.

Images of these trash piles remained vivid in Adebiyi’s mind in 2010, when she was a graduate student at the MIT Sloan School of Management. So when she took the D-Lab course MAS.665 (Development Ventures), which focuses on launching ventures in developing countries, “Something awoke in me to help solve the issue,” Adebiyi says. Read more

NCC Outlines Benefits of Broadband to Imo Consumers

The Nigerian Communications Commission (NCC) has highlighted the numerous benefits accruable from broadband services, which provide higher-speed of data transmission as it has multi-sectorial advantages that manifest in all the sectors of the economy.

Highlighting the limitless opportunities open to all in terms of education, leisure and entertainment possibilities to  Imo consumers at the 70th edition of Consumer Outreach Programme held in Owerri, capital of Imo state,  the Director, Consumer Affairs Bureau of NCC, Mrs. Maryam Bayi, stressed the need  to ensure that the broadband equipment are always safe and secure in order to have unhindered internet services. Read more

Rescheduled NLC polls: Tribal, ethnic sentiments tear NLC apart

Barely one week to the March 12 rescheduled election of the Nigeria Labour Congress, NLC, tribal and ethnic sentiments have torn Congress apart, as some of the affiliates and state councils have alleged that the processes leading to the election have been tailored towards ensuring that the president and key officers emerge from the North. Read more

B’Haram: 66,000 Nigerian refugees in Cameroon, UN says

The exodus of Nigerians fleeing from Boko Haram attacks in the North-East of the country continues amid an influx of another 16,000 refugees into neighbouring Cameroon, the United Nations refugee agency has said.

According to the United Nations High Commissioner for Refugees, the latest movements are expected to bring the total of Nigerian refugees in Cameroon to nearly 66,000. Read more

Judiciary workers threaten legal action

The Judiciary Staff Union of Nigeria (JUSUN) has vowed to institute a legal action against state governments that have not implemented the Federal High Court, Abuja verdict that granted financial autonomy to the judicial sector.

JUSUN President, Comrade Marwan Mustapha Adamu, made the threat after an emergency meeting of its national officers, saying the union has notified its lawyers to approach the court to freeze the accounts of defaulting states. Read more

Nigeria High Commission, UK group hold asset mgt summit in Lagos

Following the successes of the last two summits in London, the Asset Summit Africa 2015 will be held for the first time in Africa at the Eko Hotels & Suites, Victoria Island, Lagos on March 31 and April 1.

Expected to bring together about6 150 senior managers and decision makers from oil and gas, real estate and facilities, government, banking, manufacturing and utilities, the event is meant to promote effective asset management and maintenance culture in developing nations. Read more

Alumni oppose closure of Nigerian-Turkish schools

Alumni of Nigerian Turkish International Schools have appealed to Turkish Government to rescind its decision to shut down its schools in Nigeria.

This was contained in a statement made available to National Mirror by the Chairman of the group, Mohammed Bello in Abuja, recently. Read more

JUSUN ends 2-month strike in Imo

Judicial Staff Union of Nigeria, JUSUN, Imo State chapter, yesterday called off the two months old strike it embarked on over Federal Government’s failure to comply with court judgment on the financial autonomy and independence of the judiciary.

Pronouncing end of the strike, the union’s state chairman, Kenneth Aloka, disclosed that JUSUN after intervention from Governor Rochas Okorocha, decided to call off the strike. Read more

FG Begins Clampdown on Erring Private Jet Owners

The federal government is set to clampdown on all owners of foreign registered, privately operated aircraft in the country who have failed to regularise their documentation in conformity with their operational status.

The Nigerian Civil Aviation Authority (NCAA) in a statement signed by the General Manager, Public Affairs of the Authority, Fan Ndubuoke, said the airlines which did not regularise their operations would face severe sanctions from the regulatory authority. Read more

INEC: Over 80% of PVCs Collected

Ahead of the March 8 deadline for the collection of the permanent voters’ cards (PVCs), the Independent National Electoral Commission (INEC) has said that over 80 per cent of PVCs have been collected by registered voters in the country.

The commission also said polling would take place in 120,000 polling units and 155,000 voting centres, while assuring the public that all smart card readers (CRs), ballot papers and boxes had been distributed to the respective states and were currently under lock and key at the various branches of the Central Bank of Nigeria (CBN). Read more

PDP, APC Fight Dirty over Alleged Plot to Frame Jega

The All Progressives Congress (APC) and ruling Peoples Democratic Party (PDP) yesterday resumed their tirades with the oppostion party alleging that there are fresh plans by President Goodluck Jonathan and his party to scuttle the elections slated for March 28 and April 11 respectively.

But in a swift reaction, the PDP accused the APC of raising series of  false alarms and outright lies.
The APC at a news conference in Lagos, said the alleged plan conceived by the ruling party, boils down to Jonathan perpetuating himself in office. Read more

 

Economy

 

NSE Index inches up 0.04 per cent

The two major indicators of The Nigerian Stock Exchange (NSE), the All Share Index and market capitalisation, moved slightly up on Wednesday when they both increased by 0.04 per cent each.

Market capitalisation appreciated by N4.602 billion to close at N10.215 trillion as against N10.210 trillion recorded on Tuesday, while the All Share Index rose by 13.8 basis points or 0.04 per cent to close at 30,614.93 points as against 30,601.13 points recorded in the previous trading day. Read more

 

 

 

MasterCard, eTranzact Partner on Payment Services for Nigerians

At the ongoing Mobile World Congress in Barcelona, Spain, MasterCard has announced an agreement with eTranzact International Plc, a leading pan-African mobile banking and payment services company, to make international remittance services available to millions of consumers in Nigeria.

Under the agreement, citizens will be able to securely receive international remittances into their eTranzact mobile money wallets or select bank accounts through the international transfer hub, HomeSend.  Read more

Things Are Good in Nigeria, Ecobank Chief Tells Investors

Ecobank’s Group Chief Executive Officer, Albert Essien, has said that the current economic and CURRENCY headwinds in Nigeria had not affected his company immensely.

He told CNBC Africa during an interview on Wednesday: “So far so good; Nigeria is our biggest operation. Even though oil and crude OIL PRICES have had impact on our business, it has not encountered downside risks.” Read more

CBN unveils guidelines for N300b real sector fund

The Central Bank of Nigeria (CBN), on Wednesday published guidelines for its N300 billion Real Sector Support Facility (RSSF) to help large enterprises finance their expansion needs.

Beneficiaries, who must be engaged in manufacturing, agricultural value chain and selected service sub-sectors, can apply through participating banks for between N500 million and a maximum of N10 billion for a single obligor. Request for an amount above N10 billion requires the special approval of the fund’s management. Read more

MTN records 9% increase in earnings

MTN Group yesterday posted an 8.7 per cent rise in full-year earnings after a revenue boost from Nigeria, but warned of possible headwinds as weaker oil prices bring economic doubts to its key market.

While Nigeria’s performance was below MTN’s own expectations after regulatory and operational challenges, its revenue increased by more than 12 per cent. Read more

 

Oil and Gas

 

Oando Receives N50bn Payout, Despite Slump in Oil Price

As exploration and production (E &P) companies contend with the reality of lower oil prices translating to lower revenue and operating cash flows, the decline in prices has led to a substantial gain for Oando Energy Resources (OER), the Upstream subsidiary of Oando Plc.
The company said in a statement last night that it realised a cash windfall in the sum of $234 million due to the proactive fiscal measures put in place prior to the slump in oil prices. Read more

Reps to probe Agip over non-payment of N400m compensation

House of Representatives  yesterday  resolved to investigate Nigerian Agip Oil Company (NAOC) over non-payment of N400 million compensation to Umu-Eze Iwerre community in Delta state.

The decision to institute the probe was an aftermath of the adoption of a motion to that effect sponsored by Nicholas Ossai.  Read more

Seplat set to drive growth in gas supply

An energy company listed on the Nigerian Stock Exchange, Seplat, expects its gas business to contribute around a third to its profits over the next two years, up from less than 10 per cent, as demand for electricity generation soars.

The company’s Chief Executive Officer, Mr. Austin Avuru told a Reuters Africa Investment Summit yesterday that the company, which listed in London and Lagos last year, aimed for at least a 20 per cent share of the domestic gas market by 2018. Read more

Okonjo-Iweala: Petrol Shortage to Ease off By Weekend

As major petroleum marketers deploy 495 truckloads of petrol, with a minimum capacity of 33,000 litres, to Lagos and Abuja, the federal government has re-assured Nigerians that the scarcity of the commodity witnessed across the country will ease off by this weekend. Read more

 

World News

 

Two Germans to be caned, jailed for train graffiti in Singapore

A Singapore court jailed two Germans for nine months and three strokes of the cane on Thursday after they pleaded guilty to spray-painting graffiti on a train.

Andreas Von Knorre, 22, and Elton Hinz, 21, both expressed remorse in court. Read more

Hillary Clinton’s emails subpoenaed by Benghazi attack committee

Hillary Clinton’s emails have been subpoenaed by a US Congressional hearing investigating the attack on the US embassy in Benghazi.

The US state department is already examining her use of a personal email as a possible breach of federal law. Read more

North Korea to reopen Pyongyang marathon to foreign runners

North Korea is set to reopen an international marathon to overseas runners after ending a ban on most foreigners entering the country because of fears over the deadly Ebola virus, tour companies said on Thursday.

North Korean officials had previously told travel agencies specialising in tours to the isolated country that foreign runners were no longer allowed to participate in the marathon scheduled for April in the capital, Pyongyang. Read more

Robocops being used as traffic police in Democratic Republic of Congo

In the teeming capital of Democratic Republic of Congo, where drivers often flout traffic rules, five chunky, arm-waving robots equipped with cameras and lights have been set up to watch over the roads.

The solar-powered aluminium robots are huge, towering over the jammed streets of Kinshasa, as cars and motorcyles jostle for road room, their horns blasting. Read more

Elizabeth McCracken wins U.S. Story Prize for short fiction

Author Elizabeth McCracken won the annual Story Prize for short fiction on Wednesday for “Thunderstruck and Other Stories,” her collection of tales about life-altering experiences and loss.

McCracken, a National Book Award finalist for her novel “The Giant’s House,” will receive a $20,000 prize for her critically acclaimed book of nine stories. Read more

 

Power

 

NERC amends Zuma Energy’s 1,200mw power plant licences

Nigerian Electricity Regulatory Commission (NERC) has issued four on-grid licences to Zuma Energy Nigeria Limited to operate a combined 1,200 megawatts (MW) power plant at Itobe, Kogi State. Each unit of the power plant has capacity to generate 300MW. This brings to two such licences issued for coal power generation this year. Source

 

Sports

 

Quadri, Meshref seeded for ITTF Lagos Open

Nigeria’s Aruna Quadri and Egypt’s Dina Meshref have been seeded top players in the men and women singles events of the International Table Tennis Federation (ITTF) World Tour tagged Lagos Open.

In the seeding list released by the world table tennis ruling body, ITTF, Quadri, who is rated 32 in the world is seeded number one, while his arch-rival and defending champion, Egypt’s Omar Assar is seeded number two. Assar’s compatriot, Mohammed El-Beiali, is number three. Read more

Barcelona Reaches 37th Copa del Rey Final

Barcelona reached a 37th Copa del Rey final as Luis Suarez and Neymar sealed a 6-2 aggregate win over Villarreal.
Leading 3-1 from the first leg, Barca struck early through Neymar but Jonathan dos Santos levelled.
Villarreal threatened but after Tomas Pina was sent off for a reckless tackle on Neymar, Suarez rounded the goalkeeper to put the tie beyond doubt. Read more

NSC, NFF task Flying Eagles on AYC

The National Sports Commission (NSC) and the Nigeria Football Federation (NFF) have asked the Flying Eagles to win the 2015 African Youth Championship (AYC) starting in Senegal on Sunday.

Flying Eagles is drawn in group A alongside host, Senegal, Cote d’ Ivoire and Congo. The team left for Senegal on Wednesday. Read more

FIFA Medical Expert, Kramer, Trains Club Doctors

The pre-season medical workshop for Nigeria Professional Football League (NPFL) club doctors which held at the Media Centre of the Abuja National Stadium yesterday is said to the very first by any league in the world.
Professor of Emergency Medicine and member of FIFA Medical Committee, Efraim Kramer, said in his opening remarks at the workshop where he was the guest lecturer that FIFA  through the provision of appropriate medical kits and workshops, is encouraging affiliates to work towards the elimination of sudden deaths in football. Read more

 

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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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