SABINEWS MORNING NEWS UPDATE FOR AUGUST 26, 2016
Rescue our girls or resign, Chibok parents tell Buhari
Parents protesting the failure of the Federal Government to rescue over 200 schoolgirls abducted by the Boko Haram sect in Chibok in 2014 have asked President Muhammadu Buhari to immediately rescue the girls from captivity or resign.
The parents, who joined the #BringBackOurGirls coalition on Thursday for another protest march to the Presidential Villa, were again stopped by armed policemen. Read more
Four W’Bank consultants die in boat accident in Ekiti
Four World Bank consultants have drowned in Egbe River in Egbe community of Gbonyin Local Government Area of Ekiti State.
The four were said to be workers on a World Bank assessment mission to the river and had commenced work on Tuesday night. Read more
Nigeria has what it takes to be great –Osinbajo
Vice-President Yemi Osinbajo, at the All Progressives Congress Governors Forum‘s Fourth Progressive Governance Lecture series, says Nigeria has what it takes to be great again in spite of its current socio-economic challenges.
He added that such must, however, come with positive change of attitudes by Nigerians. Read more
Respond positively to N’Delta militants, Soyinka tells FG
Nobel laureate, Prof. Wole Soyinka, on Thursday said he did not represent any international intervention group when he met with President Muhammadu Buhari at the Presidential Villa, Abuja, on August 10.
He also appealed to the Federal Government “to respond positively to the outrage of the militants of Niger Delta.” Read more
IDPs protest poor feeding, block Borno highway
The Borno State Government on Thursday scrapped the central feeding programme of the Internally Displaced Persons in camps in the state.
The decision of the government followed a protest by a large number of the IDPs on some major roads in Maiduguri, the state campaign over their feeding system. Read more
Benue places N5m bounty on wanted killer
The Benue State Security Council on Wednesday promised a reward of N5m for anyone who could provide useful information on the whereabouts of Terwase Akwaza, alias Ghana, who had been declared wanted in connection with various crimes in the state.
The acting Secretary to the State Government, Mr. Bem Meladu, made this known while briefing journalists at the end of the state security council meeting, presided over by Governor Samuel Ortom at the Benue People’s House, Makurdi. Read more
Police to deploy 23,000 cops for Edo election
The Nigeria Police on Thursday said that no fewer than 23,000 personnel, comprising officers and rank and file, would be deployed to 2,627 polling units for next month’s governorship election in Edo State.
The Deputy Inspector General of Police in charge of Operations, Joshak Habila, who disclosed this during a visit to the state command to assess the level of preparedness for exercise, was accompanied by the Assistant Inspector General in charge of Zone 5, Olayinka Sodipo. Read more
Ondo APC gov aspirants woo delegates with N.5m each
In a bid to win the forthcoming primary of the All Progressives Congress in Ondo State, investigation conducted by our correspondent revealed that some aspirants were wooing the 3,000 delegates that would vote in the APC primary with between N300,000 and N500, 000 each.
The primary was earlier scheduled to hold on Saturday (tomorrow) but it has been postponed till August 31, 2016. Read more
Zamfara killings: CAN meets, northern Christians seek probe
Worried by the spate of killings of Christians, especially in the northern part of the country, the Christian Association of Nigeria has scheduled an emergency meeting for Jos, the Plateau State capital.
The meeting, which comes up on Saturday, August 27 at the Church of Christ in Nations headquarters, is expected to discuss the killings in the North and how to respond to them. The meeting tagged ‘Unity Meeting,’ is also expected to discuss the division in the association following the decision of Christians in the North to pull out of the association. Read more
N’Delta monarchs meet FG, give terms for peace
Traditional rulers and stakeholders from the Niger Delta coastal states on Thursday met the Federal Government and read out terms that would build confidence as well as restore peace in the region.
According to them, this was followed the ceasefire pronouncement by the Niger Delta Avengers and many other militant groups in the region on August 21, 2016. Read more
Rerun: Rivers PDP, APC bicker over court order
AHEAD of the legislative rerun in Rivers State billed for October, the Peoples Democratic Party has disagreed with the All Progressives Congress in the state over a court order restraining the Independent National Electoral Commission from announcing the result of a poll from Tai Local Government Area.
A Federal High Court in Port Harcourt had ruled on an interlocutory injunction stopping INEC from generating, compiling or announcing any results of rerun election for Tai LGA. Read more
Polio: FG seeks $125m W’Bank loan
The Federal Government plans to obtain a loan of $125m from the World Bank for procurement of vaccines to tackle epidemics and communicable diseases.
The government also said it had released the N9.8bn budgeted for same purpose in the 2016 budget to the Federal Ministry of Health. Read more
Monthly allocation to FG, states, LGAs drops by N115bn
The activities of pipeline vandals took a huge toll on the revenue into the federation account as the country recorded a shortfall of N250.97bn for the month of July.
As a result of this, the allocation to the three tiers of government witnessed a decline of N115.36bn from N559.03bn in June to N443.66bn in July. Read more
Budget padding: Judge returns Jibrin’s case file to CJ
Justice Okon Abang of a Federal High Court in Abuja on Thursday declined to hear the suit filed by a former Chairman, Appropriation Committee, House of Representatives, Abdulmumin Jibrin, to stop an alleged plan to suspend him by the House.
Justice Abang, who is currently sitting as the court’s vacation judge, returned the file to the Chief Judge of the Federal High Court for re-assignment to another judge at the resumption of the regular court in September. Read more
Oyegun relocates to Edo for poll
The National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, has relocated to his home state, Edo, ahead of the governorship election in the state, The PUNCH has learnt.
The poll holds on September 10. Read more
Foster mother cages girl inside bush for five months
A 28-year-old woman, Mary Matthew, has been arrested by the men of the Ondo State Police Command for allegedly caging a four-year-old foster daughter in a kiosk inside the bush for over five months in Imafon village in the Akure-South Local Government Area of Ondo State.
Mary said she ‘quarantined’ the victim, identified as Precious Michael, when she suspected that she had witchcraft and was infected with the Human Immunodeficiency Virus, which reportedly killed her mother last year. Read more
Mechanic burns daughter’s eyes, private parts with iron
The Lagos State Police Command has arrested a man, Surakat Idowu, for allegedly brutalising his five-year-old daughter with a hot iron in the Ikotun area of the state.
PUNCH Metro learnt that 45-year-old Idowu, who separated from his wife in 2013, allegedly tortured the girl with an iron in the face and in the private parts on Monday. Read more
Nigeria loses N11bn daily as oil exports suffer
As four of the nation’s crude oil grades remain under force majeure and the schedule for two other grades face delay, the country is losing at least N10.7bn in revenue daily.
Following the declaration of force majeures on the grades, more than 700,000 barrels per day of production have been affected, denying the country a huge revenue, according to a report by Reuters on Thursday. Read more
Deregulation: FG Saves N1.3trn In Oil Sector
Vice President Yemi Osinbajo has disclosed that the current administration of President Muhammadu Buhari has saved N1.3 trillion from its oil deregulation policy.
The deregulation, he said, had resulted in the availability of petroleum products to Nigerians, adding that there is no part of the country where the products are not available. Read more
‘Natural gas-fired generation may soon dominate Nigeria’s energy market’
The Nigerian market has changed since my first time to Nigeria in 2000, when the customers need for diesel product, was “what do you have in stock. I’ll take it” to in 2008 “how efficient is it in fuel? and do you have spares?” The market has developed even further, since 2014 – we are finding customers asking for total life cycle costing, the most suitable application to their consumption patterns and placing a very strong emphasis on Aftermarket Support.
This is also a big advantage of gas generators, which offer a much lower life cycle cost as compared to diesel generators. Moreover, with Waste Heat Recovery installations, for hot or cold applications, the total gas generator efficiency goes beyond anything diesel could achieve and drastically reduces the resultant payback time on the capital cost of the equipment. Nigeria is very much falling in line with the rest of the world on this. Read more
NNPC urges NAPE to explore new oil basins
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potential of green frontier basins in order to increase depleting reserves in the country.
Baru spoke when he received the leadership of NAPE led by its National President, Mr. Nosa Omorodion at the NNPC Towers, Abuja, yesterday. Read more
Fed Govt saves N1.4tr from fuel subsidy payments, says Osinbajo
The Vice President, Prof. Yemi Osibanjo yesterday in Kano said the Federal Government has saved N1.4 trillion which would have been spent on fuel subsidy.
The Vice President who spoke during the third day of the 15th Joint Planning Board and National Council on Development Planning (NCDP) meeting in Kano yesterday, urged Nigerians to restore confidence on President Muhammadu Buhari’s administration, promising that the current econmic challenges facing the country will soon become a thing of the past. Read more
‘Nigeria lost $30b oil revenue in two years’
Nigeria lost $30 billion in oil revenue between 2014 and 2015, the Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has said.
He spoke in Abuja yesterday at the batch three graduation ceremony of 38 Zero to Export Capacity Building Programme beneficiaries. Read more
How to escape the oil snare, by report
There is no gainsaying the impact of revenue drop from the Federation Account, caused by declining oil prices on the economy. This development has been giving the three tiers of government headache as they find it difficult to finance capital and recurrent expenditures.
Nigeria got to this pass because of its age-long dependence on oil revenue despite experts’ arguments that if the country gets its tax administration right, revenue from tax alone could sustain the economy. Read more
Reduce MPR to 5% –MAN urges FG
The President of Manufacturers’ Association of Nigeria (MAN), Dr. Frank Jacobs, has said that if the administration of President Muhammadu Buhari is serious about diversification of the economy, the nation’s benchmark interest rate should be reviewed downward to five per cent, from the current Monetary Policy Rate (MPR) of 14 per cent.
He made the demand yesterday at the 33rd Annual General Meeting of Oyo/Osun/Ondo/Ekiti State Branch of MAN, which was held at Jogor Centre, Ibadan. Read more
Banks’ CEOs Intervene on Ban of Nine Banks from Forex Trading
The Body of Banks’ Chief Executive Officers on Thursday met in Lagos to review the current developments in the industry, especially issues around the ban imposed on nine commercial banks by the Central Bank of Nigeria (CBN), barring them from participating in the foreign exchange market.
At the end of the meeting, which was presided over by the chairman of the body and CEO of Access Bank Plc, Mr. Herbert Wigwe, the body agreed to work closely with the CBN to address the issue that led to the ban in a manner that would protect the stability of the industry, as well as to ensure proper conduct in the optimisation of the foreign exchange market. Read more
Soludo: how to revive economy
Former Central Bank of Nigeria (CBN) Governor Chukwuma Charles Soludo has said that for Nigeria to come out of its challenge, there should be a coalition of economic policies that can deal with desperate socio-economic issues in a sustainable manner.
Prof. Soludo, in his lecture at the Progressive Governors Forum 4th Progressive Governance Lecture Series, said the collapse of oil prices is a blessing for Nigeria to start a new beginning. Read more
Emefiele, WAIFEM chair, harp on capacity building
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and the Executive Governor of the Central Bank of Liberia and Chairman, Board of Governors of the West African Institute for Financial and Economic Management (WAIFEM), Milton Alvin, have said that capacity deficits remained a major challenge facing countries in the West African region.
The bank chiefs who spoke at the 20th anniversary of the WAIFEM in Lagos, said that weak human capital development has impacted negatively on the economies within the African region. Read more
CBAN improves access to credit
The Central Bank of Nigeria (CBN) and International Finance Corporation (IFC) have praised the Credit Bureau Association of Nigeria (CBAN) for their contribution towards improving access to finance in the country.
This was disclosed at the third National Credit Reporting Conference organised by CBAN on Wednesday in Lagos. Read more
Facebook’s 10-year roadmap to support Nigerian economy
Social media platform, Facebook says it was ready to unveil a ten-year roadmap which will impact the Nigerian economy. The company’s Director of Global product Partnerships, Mr Ime Archibong, disclosed this in a telephone interview with Vanguard yesterday. Archibong said the roadmap would be unveiled during the‘Facebook for developers workshop’ for Nigerian engineers, product managers and partners which Facebook plans to host in Lagos next week.
The event he noted, would help the engineers build better applications and monetise them more effectively. Read more
UBA declares N7.26b interim dividend for first half
The board of directors has recommended payment of N7.26 billion as interim dividends for the first half of this year as the bank sustained stable top-line and bottom-line.
Shareholders will receive a dividend per share of 20 kobo as interim dividends based on the first half results. The audited report for the period ended June 30, 2016 showed that profit before tax improved from N39.05 billion in first half 2015 to N40.27 billion in first half 2016. Profit after tax inched up from N32 billion to N32.62 billion. Gross earnings stood at N165.58 billion in first half 2016 as against N165.74 billion in first half 2015. Earning per share was flat at 94 kobo. Read more
Osinbajo Preaches Hope as Ambode, Kerry Urge FG to Restructure Economy
Vice-President Yemi Osinbajo on Tuesday urged Nigerians not to despair over the prostate state of the economy, saying that with the measures being taken by the federal government, speedy recovery from recession was on the way.
He spoke in Kaduna at the 4th Progressive Governance Lecture Series organised by governors of the All Progressives Congress (APC) with the theme, “Building the Economy of States: Challenge of Developing Inclusively Sustainable Growth.” Read more
SME 100 Nigeria trains entrepreneurs to boost dwindling economy
In a bid to boost small businesses as the bedrock of the nation’s economy, SME 100 Nigeria, has continuously empowered youths to promote self-reliance and wealth creation through skills acquisition and marketing.
SME 100 Nigeria Executive Director, Charles Odii, told The Guardian at a training forum in Lekki Lagos, that Small Medium Enterprises are huge employment platforms of any nation; but observed that most of them collapse before the five years benchmark. According to him, one of the group’s Corporate Social Responsibility initiatives is targeted at creating a new breed of entrepreneurs among Nigeria’s youth population and making their businesses stand test of time. Read more
Nigeria spends $6bn on wheat importation annually- IAR Director
Director, Institute for Agricultural Research (IAR), Zaria, Prof. Ibrahim Umar-Abubakar, has said that Nigeria’s wheat import bill stood at $6 billion annually. Umar-Abubakar said this in Zaria, Kaduna State. He said that Nigeria produced only three per cent of wheat it consumed, while the remaining 97 per cent was being imported. Umar-Abubakar said the country had the capacity to produce enough quantity of wheat needed for local processing and consumption. Read more
Allow states to develop their resources, Ambode urges FG
The Lagos State Governor, Mr. Akinwunmi Ambode, has advised the Federal Government to allow state governments to develop the natural resources within their domains in order to create the necessary infrastructure that will attract investors.
According to him, the Federal Government has a critical role to play in addressing the fundamental structural challenges undermining sustainable and inclusive economic growth in the various states. Read more
Rio Olympics: Senate to probe Sports Minister, NOC
DISTURBED by the controversies arising from Nigeria’s poor outing in the just concluded Rio Olympics in Brazil, where it won only a bronze medal in men’s football, the Senaqte has said it will probe the Minister of Sports, Solomon Dalung and the National Olympics Committee,
NOC, over their roles in the event. This is even as it frowned at the U-23 football team for accepting cash donation from a Japanese philanthropist for their Bronze Medal victory. Read more
U-23 players yet to get allowances
Players and officials of the Nigeria Olympic Eagles are yet to receive their remaining allowances after winning bronze medal at the Rio 2016 Olympic Games. Nigeria U-23 side last Saturday, August 20 beat Honduras in the third-place match to win football bronze at Rio 2016. Read more
Nigerian Exports (Europa League) : Kayode, Ideye Score; Simon Notches Assists; Nosa Shines;
Catch up on the performances of players of Nigerian descent in the Europa League on Thursday, August 25.
We start off at the Osmanlı Stadı (Ankara) where Osmanlıspor took on FC Midtjylland. Three Nigerians – Umar Aminu, Raheem Lawal (both Osmanlıspor ) and Rilwan Hassan (FCM) started and completed the game. Read more
World ranking: Big jump for D’Tigers
Nigeria’s men’s basketball team D’Tigers have taken a huge jump on the FIBA World Ranking following the Olympic Basketball Tournament just staged in Rio de Janeiro, Brazil.
The leap also follows coach William Voigt’s expression of strong desire to continue with the team. Read more
Adamu To Pinnick: Take Responsibility For Our Football Problems
A former Director General of the National Sports Commission (NSC), Dr Amos Adamu, has charged the President of the Nigeria Football Federation (NFF), Amaju Pinnick to accept the responsibility on the negative slide of Nigerian football presently.
LEADERSHIP Sports can report that but for the heroic feat of the national U-23 football team, the Dream Team VI that won bronze medal at the just concluded Rio 2016 Olympics in Brazil, Nigerian football has been on a free fall under Pinnick’s NFF. Read more
Ronaldo wins UEFA award
Real Madrid superstar Cristiano Ronaldo won the UEFA Best Player in Europe Award on Thursday after winning both last season’s Champions League and Euro 2016 with Portugal, AFP reports.
Ronaldo received the accolade for the second time in his career after finishing ahead of Real team-mate Gareth Bale and Atletico Madrid’s Antoine Griezmann. Read more
Somalia attack: Gunman storm beach restaurant in Mogadishu
At least seven people have been killed in a bomb and gun attack on a seaside restaurant in the Somali capital Mogadishu.
Police said a car bomb exploded outside the Banadir Beach Club in the Lido area and gunmen then stormed the building. Read more
Netflix jokes about N Korean imitator Manbang in Twitter bio
Netflix has taken a light-hearted swipe at North Korea’s recent venture into the video-streaming industry, in the biography of its US Twitter page.
The world’s biggest name in on-demand video describes itself as a “Manbang knockoff” in its bio. Read more
Miners in Bolivia kidnap deputy minister in “brutal killing,” authorities say
Authorities in Bolivia say striking miners have kidnapped and killed the country’s deputy government minister, who had traveled to the area to mediate in the conflict over mining laws.
Government Minister Carlos Romero called it a “cowardly and brutal killing” and asked that the miners turn over the body of deputy minister Rodolfo Illanes. Read more
China urges Japan to be ‘constructive’ at G20 summit
Japan should play a “constructive” role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China’s top diplomat told a visiting Japanese envoy.
Ties between Asia’s two largest economies have long been overshadowed by arguments over their painful wartime history and a territorial spat in the East China Sea, among other issues. Read more
At least one dead in huge blast at Belgium sports centre
A suspected gas explosion at a sports centre in southern Belgium killed one person and seriously injured two others, a security official told the Belga news agency on Friday.
The blast took place a little after midnight local time in the small town of Chimay, 68 miles south of Brussels. Read more
Japan sees inflation hitting another low
Japan’s consumer prices dropped for the fifth consecutive month in July, adding to pressure on the government to expand its already massive stimulus programme.
The data was worse than estimates had suggested and marked the biggest annual drop in more than three years. Read more