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Category Archives: News

U.S., UK in war of words over Huawei

British ministers are expected to allow Huawei limited access to the UK’s 5G networks at the National Security Council on Tuesday, amid concerns over the firm’s links to China’s intelligence services.

While 3G made mobile internet possible and 4G allowed mobile broadband, 5G is expected to become the connectivity infrastructure that will pave the way for new product and services, such as self-driving cars or industrial robotics.

Buhari constitutes committee on U.S. visas ban

President Muhammadu Buhari has constituted a committee, to be chaired by the Minister of Interior, Ra’uf Aregbesola, to study the reason why the United State banned Nigerians from its immigration visa.

According to a statement by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Saturday, the committee will work with the U.S Government, INTERPOL and other stakeholders to ensure all updates are properly implemented.

The president further charged the committee to look at the real reason President Donald Trump banned Nigerians from US immigration visa.

He reiterated the commitment of Nigeria towards maintaining productive relations with the United States and its international allies especially on matters of global security.

News Agency of Nigeria (NAN) reports that the United States Department of Homeland Security (DHS) on Jan. 31 announced temporary travel restrictions on six countries including Nigeria.

For Nigeria, the restriction is the suspension of the issuance of “immigrant visas” to Nigerian passport holders only.

This suspension shall come into effect on Feb 21.

The suspension does not apply to other U.S visas such as those for official, business, tourism and student travel.

According to the DHS, the suspension of “immigrant visas” became necessary following a review and update of the methodology adopted by the U.S Government to assess compliance of certain security criteria by foreign governments.

It stated that this resulted in certain enhancements on how information is shared between Nigeria and the U.S.

(NAN)

Sudan plane crash kills all on board

A plane carrying Sudanese judges and injured people crashed on Thursday in the Darfur region of Sudan, with all those on board killed, according to the Sudanese Red Crescent.

The Antonov plane was travelling from the city of El Geneina – located in the west of Sudan, near the border with Chad – to the Sudanese capital, Khartoum.

It was not immediately clear what caused the crash.

The aircraft was transporting people injured in a tribal conflict in Darfur to Khartoum for treatment.

The plane’s crew comprised three Sudanese army officers.

It was not immediately clear how many people the plane had been transporting.

Amobi suspended by Minister, MD Nigerian Bulk Electricity Trading Company

The Minister of Power, Mr Sale Mamman, has order the immediate step-down of  Dr. Marilyn Amobi, Managing Director of Nigerian Bulk Electricity Trading Company (NBET).

Mr Aaron Artimas, the Special Adviser to the Minister on Media and Communication, announced the decision in a statement in Abuja on Tuesday.

Artimas  said that the decision was continuation of the reorganisation/sanitation in the Ministry of Power.

He said that the minister directed that the decision should take effect immediately.

“‘In view of this, the minister has also directed the constitution of a five-man investigative committee to look into the myriads of complaints against the MD/CEO

“This is with the view to restoring sanity in the management of the company. Consequently, she is to handover to the most senior director in the organisation, ‘’ he said.

Earlier in the day,  Sale had ordered the suspension of the Managing Director of Rural Electrification, Ms Damilola Ogunbiyi.

@NAN

Nigeria, neighbours collaborate on security in Gulf of Guinea

President Muhammadu Buhari on Friday in Malabo, said leaders of neighbouring countries would work together and provide all necessary assistance to secure the Gulf of Guinea.

The President’s spokesman, Malam Garba Shehu, said in a statement that Buhari gave the assurance at a bilateral meeting with President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, on the sideline  of the 2019 Gas Summit.

Buhari expressed concern over the rate of piracy, kidnapping and smuggling in the Gulf of Guinea and called for more concerted efforts to end the tide of illegality.

“Our neighbourhood is very strong. Our Navy is doing a good job. We are going to give them equipment and make them more competent. We share the oil fields and so much in common.

“We will secure the Gulf absolutely,”  the president  said.

In agreement with Nguema, who hosted the summit, Nigeria and Equatorial Guinea will provide joint patrols, the president  added.

He said that it would be “more cost effective when we work together. We have to jointly protect ourselves.”

The Nigerian leader also held another meeting with the Secretary General of Organization of Petroleum Exporting Countries, OPEC, Sanusi Barkindo, where he was briefed on an important upcoming meeting of the organization in December.

Barkindo said the OPEC meeting would decide on the sharing output production quotas as the current agreement binding the members will run out in March 2020.

The president promised  that he would secure the best possible deal for the country at the meeting.

FCT Police parade fake officer

The FCT Police Command on Friday paraded an alleged fake Assistant Superintendent of Police (ASP), Mr John Tarsoo, for extorting the public.

The FCT Commissioner of Police, CP Bala Ciroma, who disclosed in Abuja said Tarsoo was one of the 49 arrested suspects within the last couple of weeks.

He said that the suspect was arrested through a tip off and that investigation had commenced before taking him to court for prosecution.

“Following complaints received that a suspected young man has been parading himself as a police officer and duping unsuspecting members of the public, Police detectives from this Command carried out a discreet investigation that led to the arrest of one John Tarsoo.

“It is pertinent to state that the suspect who has never served in the Nigeria Police Force has been defrauding unsuspecting members of the public under the pretense that he is an ASP.

“The suspect will be arraigned in court upon the conclusion of investigation,” the CP said.

However, while fielding questions from newsmen, the suspect who was fully dressed in police uniform insisted that he worked with the Bauchi State Police Command.

He urged the FCT Police Command to carry out full investigation before parading him.

Buhari seeks approval of NASS on external borrowing plan

President Muhammadu Buhari on Thursday sought the re- consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government.

Buhari’s request is contained in a letter address to President of Senate Ahmad Lawan and read at the plenary on Thursday.

“Request for the National Assembly to re-consider and approve the Federal Government’s 2016 and 2018 External Borrowing Plan.

“Pursuant to section 21 and Section 27 of the Debt Management Office Establishment Act.

“I hereby request for resolution of the Senate to approve the Federal Government’s 2016 and 2018 external borrowing plan as well as relevant projects under this plan.

“Specifically the senate is invited to note that while, I had transmitted the 2016-2018 external borrowing plan to the 8th National Assembly in September 2016, this plan was not approved in its entirety by the legislature.

“Only the Federal Government’s emergency projects, for the North-East’s four states projects and one China Exim Bank assisted railway modernisation project for Lagos-Ibadan segment were approved out of a total of 39 projects.

“The outstanding projects in the plan that were not approved by the legislature are nevertheless critical to the delivery of government policies and programmes relating to power, mining, roads agriculture, health, water and educational sectors.

“These outstanding projects are well advanced in terms of their preparation consistent to the 2016 debt analysis undertaken by DMO and were approved by the Federal Executive Council (FEC) in August 2016 under the 2016-2018 external borrowing plan.

“Accordingly, I have attached for your kind consideration, relevant information from the Honourable Minister of Finance Budget and National Planning, the specific outstanding projects under the 2016 -2018 external borrowing plan for which the legislative approval is been sought.

“I have also directed the minister to make herself available to provide any additional information or clarification which you may require to facilitate prompt approval of the outstanding projects under this plan.

“While, hoping that this request will receive the usual expeditious consideration by the Senate, please accept distinguished Senate President, the assurances of my highest consideration,’’ the letter stated.

Similarly, President Muhammadu Buhari, in a separate letter, sought the consideration and passage into law by the Senate, the Companies and Allied matters Act Bill 2019.

The letter states: “Pursuant to the Section 58 of Constitution of Federal of Nigeria 1999 as amended I hereby forward the Companies and Allied Matters Bill 2019 for consideration and passage into law by the Senate.

“The Senate may wish to note that in this, bill Section 26 Sub-section 5 of the act has been amended to preserve the powers of the Attorney-General of the Federation (AGF) to approve the registration of companies limited by guarantee.

“It also reflects the ease of doing business principles in Executive Order No 1 of 2017 on the promotion of transparency and efficiency in the business environment.”(NAN)

Kogi 2019: Bello’s Chief of Staff resigns

The running mate to the All Progressives Congress (APC) flag bearer in the November 16 Kogi State governorship election, Governor Yahaya Bello, Chief Edward Onoja, has resigned his position as Chief of Staff.

A letter by the Secretary to the State Government, Mrs. Folashade Arike Ayoade Arike, named former Director General (Protocol), Abdulkareem Jamiu as the new Chief of Staff to the governor.

Jamiu is replaced by Dr Gabriel Ottah as DG Protocol.

Edward’s emergence as running mate to Governor Bello had been highly speculated and was confirmed shortly after the blown rift between Bello and his deputy, Elder Simon Achuba, who is currently facing impeachment proceedings.

The letter of the new political setup reads: “Consequent upon the resignation of the former Chief of Staff to the Governor of Kogi State, Chief Edward Onoja, His Excellency, Alhaji Yahaya Bello has approved the appointment of former Director General (Protocol), Pharm. Abdulkareem Jamiu as Chief of Staff to Excellency.

“His Excellency has also approved the appointment of Dr Gabriel Ottah as DG Protocol to His Excellency. The appointment takes effect from 14th. October, 2019.

Troops rescue 4 more abducted students in Kaduna

Troops of Operation Thunder Strike have rescued the remaining four students of Government Day Secondary School Gwagwada in Chikun Local Government Area of Kaduna State, who were abducted on their way to school on Oct. 10.

The Deputy Director Army Public Relations Officer,1 Division Nigerian Army Kaduna, Col Ezindu Idimah told the News Agency of Nigeria (NAN) on Monday night that the students have been handed over to their joyful parents at Gurmi village.

NAN recalls that bandits terrorising Kaduna/Abuja highway on  October 10, abducted 10 students of the school while on their way to school.

However, the quick intervention of troops led to the immediate rescue of six out of the 10 students while the bandits escaped into the forest with the four

“On Monday October 14,  at about 6 am, following a tip off from a reliable source, troops raided the hideout of the bandits and successfully rescued the remaining 4 students without any injury,” Idima said.

According to him, during the rescue operation, the bandits ran into the bush with gunshot wounds while abandoning the students after they had engaged the troops in a gun duel.

Idimah explained that Operation Thunder Strikewas a Defence Headquarters operation with troops  drawn from the Army, Air Force, Police, State Services and Civil Defence Corps.

The spokesman said the General Officer Commanding 1Division, Maj.-Gen. Faruk Yahaya has hailed the performance of troops and reiterated the commitment of the Division in bringing about peace and tranquility to its area of responsibility.

He assured that despite the toughness of the tasks, the nation should count on the loyalty and commitment of officers and soldiers to delive

Market indices slump further by 0.45%

Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent.

Specifically, the market capitalisation lost N59 billion or 0.45 per cent to close at N13.078 trillion against N13.137 trillion.

Also, the All-Share Index, which opened at 26,987.45, shed 121.04 points or 0.45 per cent to close at 26,866.41.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are: Seplat, Nestle Nigeria, Stanbic IBTC Holdings, Cadbury Nigeria and Nigerian Breweries.

Analysts at the United Capital Plc, expressed optimism that the market would maintain mixed performing.

“This week, we expect the equities market to remain tepid, as market participants’ factor in the activities in the global economy and the fiscal environment atmosphere in Nigeria before locking in gains on stocks with strong fundamentals.

“We also expect third quarter, 2019 earnings to begin to trickle in,” they said.

However, market breadth closed slightly positive, with 17 gainers compared with 16 losers.

A breakdown of the activity chart shows that Cornerstone Insurance led the losers’ chart with a loss of 10 per cent to close at 36k per share.

Seplat followed with a decline of 6.85 per cent to close at N517, while Cadbury dipped 5.74 per cent to close at N9.85 per share.

Caverton dropped 5.38 per cent to close at N2.46, while Oando declined by 2.70 per cent to close at N3.60 per share.

Conversely, Courteville recorded the highest price gain in percentage terms to lead the gainers’ table, growing by 10 per cent to close at 22 per share.

Africa Prudential followed with 9.94 per cent to close at N3.87, while Associated Bus Company appreciated by 8.82 per cent to close at 37k per share.

Wema Bank rose by 8.62 per cent to close at 63k, while UACN appreciated by 8.40 per cent to close at N7.10 per share.

The total volume traded appreciated marginally to close higher with an exchange of 151.71 million shares worth N1.50 billion exchanged in 2,854 deals.

This was in contrast with a turnover of 139.88 million shares valued at N1.03 billion transacted in 2,688 deals on Friday.

FCMB Group dominated trading activity chart with a total of 55.67 million shares valued at N89.06 million.

Transcorp followed with 17.15 million shares worth N17.21 million, while FBN Holdings accounted for 14.39 million shares valued at N76.24 million.

Access Bank sold 7.36 million shares worth N52.35 million, while Zenith Bank transacted 6.87 million shares valued at N123.54 million. (NAN)