SABINEWS MORNING NEWS UPDATE JANUARY 3, 2019
NIGERIA NEEDS TO INCREASE OIL, GAS RESERVES – ISA
The Chairman and Chief Executive Officer, Waltersmith Petroman Oil Limited, Mr Abdulrazaq Isa, speaks to ’FEMI ASU about the impact of the recent oil price slump, and the need to ramp up the nation’s oil and gas reserves, among other vital issues
There has been an increase in local participation in the nation’s oil and gas industry in recent years; how are indigenous operators faring now?
The indigenous producers have made some tremendous progress now, if you look at where Nigeria was before the emergence of the current wave of indigenous producers. Today, I think we collectively produce between 300,000 to 400,000 barrels per day. We see that going up in the next couple of years. Now we are building capacity in terms of people, resources and access to finance. We have been through our challenges; I think most of us are coming out of it now.
CUSTOMS INTERCEPT EXPLOSIVES, N9B CONTRABANDS IN LAGOS
Federal Operations Unit (FOU), Zone ‘A’, of the Nigeria Customs Service (NCS), has intercepted some explosives alongside other contraband worth about N9 billion in one month. The National Coordinator, Customs Strike Force Team, Deputy Comptroller Abdullahi Kirawa, who paraded the items in Lagos, said the explosives include fireworks and crackers, which obstruct the peace and stability of the country, adding that the team also arrested seven suspects in connection with the seizures.
Kirawa therefore enjoined Nigerians to be patriotic and to engage in legitimate business, adding that Customs would leave no stone unturned in seizing contraband, and arresting economic saboteurs working against government’s fiscal policy.
The seizures includes: 8,090 bags of rice with Duty Paid Value (DPV) worth N113.2 million; 40ft container loaded with explosives (fireworks and crackers), falsely declared as machines by the importers; and 195 sacks of Pangolin scales valued at N8.3 billion. Others are a 40-ft container loaded with 1,200 cartons of sex enhancing drugs worth N360 million; 40ft container with 459 bales of second-hand clothing with DPV of N22.9million,; and used tyres and vegetable oil worth about N9 billion.
PDP ASKS NIGERIANS TO EXPRESS THEMSELVES THROUGH BALLOT BOX
The People’s Democratic Party has described 2019 as a year for Nigerians to express themselves through the ballot box.
The News Agency of Nigeria reported that the Edo State Chairman of the party, Chief Dan Orbih, stated this in his New Year message made available to journalists on Wednesday in Benin.
According to Orbih, 2019 offers Nigerians the opportunity to vote for the political party of their choice.
He said the PDP and its candidate, Alhaji Atiku Abubakar, offered Nigerians a great opportunity and would not disappoint them.
MINIMUM WAGE: PRESIDENCY MOVES TO APPEASE LABOUR
Following Nigerian Labour Congress’ (NLC) threat to call out workers on indefinite strike on Tuesday to protest non-implementation of the N30,000 minimum wage recommended by the Tripartite Committee on National Minimum Wage, the presidency has moved to pacify the workers, appealing to them to tarry a while on their planned action.
The NLC had asked President Muhammadu Buhari to submit the N30,000 minimum wage implementation bill to the National Assembly for passage by December 31 last year or face a nationwide strike action.
With the deadline unmet, the NLC President, Mr. Ayuba Wabba, had said the Tuesday strike had become imminent despite a federal government offer for a resolution meeting schedule for January 8.
OFA ROBBERY: I HAVE EVIDENCE ON SARAKI’S LIES – LAI MOHAMMED
Minister of Information and Culture, Alhaji Lai Mohammed, has said he is presenting to the public evidences of how the Senate President, Dr. Bukola Saraki, lied that he donated N10 million to the victims of Offa bank robbery.
In a statement in Abuja yesterday, the minister said he was presenting to the public both the unedited version of a live radio interview as well as the doctored, re-broadcast version on the donated fund to show Saraki’s disdain for truth.
THE SILVERLINING IN APPLE’S VERY BAD IPHONE NEWS
Apple Wednesday warned investors that its revenue for the last three months of 2018 would not live up to previous estimates, or even come particularly close. The main culprit appears to be China, where the trade war and a broader economic slowdown contributed to plummeting iPhone sales. But CEO Tim Cook’s letter to investors pointed to a secondary thread as well, one that Apple customers, environmentalists, and even the company itself should view not as a liability but an asset: People are holding onto their iPhones longer.
That’s not just in China. Cook noted that iPhone upgrades were “not as strong as we thought they would be” in developed markets as well, citing “macroeconomic conditions,” a shift in how carriers price smartphones, a strong US dollar, and temporarily discounted battery replacements. He neglected to mention the simple fact that an iPhone can perform capably for years—and consumers are finally getting wise.
KIM KARDASHIAN AND KANYE WEST WANT A BABY BOY
The ‘Keeping Up With The Kardashians’ star and the ‘Bound 2′ rapper are reportedly expecting a fourth child via a surrogate and are said to be ”over the moon” about the news and hoping for a son.
A source told People magazine: ”They’ve got to be over the moon [about the] wonderful news … They’ve always talked about wanting four kids: two boys and two girls. That’s always been the plan. They definitely want a boy.’
TRUMP’S ALLIES WANT HIM TO KEEP THE GOVERNMENT SHUTDOWN
President Donald Trump’s allies are convinced any political hit he takes for the partial government shutdown will be worth the fight and are pushing him to continue to hold out on a deal to reopen the government unless it comes with significant border wall funding.
The president’s allies believe that even if he doesn’t end up getting the full $5.6 billion amount, it’s too early to cave just 12 days into the shutdown and that the Republican base that elected him wants to see him make wall funding a priority. Given that the shutdown is not affecting the majority of the government’s operations, they also argued that the political hit — almost two years out from the next election — would be minimal.