Monday, 31 October 2016

Naira stays firms at N470/$1 at parallel market

The Naira has stayed firm at N470 to the dollar in the black market, NAIJ.com can report this Monday, October 31.

However, the local currency is expected to strengthen this week on improved dollar supply to the market, currency dealers have predicted.

NAIJ.com recalls that the Naira fell to N470 to the dollar on the parallel market last Friday, as against the N455 to the dollar it was the preceding Friday.

But according to Aminu Gwadabe, president of the Association of Bureau De Change Operators in Nigeria (ABCON), the nation’s currency has been estimated to reverse its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage.

Gwadabe said: “The Naira should appreciate gradually in the coming days after the expected sales of about $21 million by Travelex last Thursday and subsequent extension of dollar sales to bureau de change operators in the other part of the country.”

Travelex and First Bank are authorised by the central bank to sell dollar to BDC to boost liquidity and narrow the gulf with the official rate.

FG to realise N20billion from sale of presidential jets

The federal government is set to realise N20 billion from the sale of two of its jets

– Two out of the 10 airplanes in the presidential fleet have been put up for sale

– The estimate is based on their current market value

A report by The Guardian indicates that the federal government of Nigeria will realise N20 billion from the sale of two presidential jets.

Sources quoted in the report says the estimate is based on the current market value of the jets – Falcon 7X and Hawker 4000. Aviation experts also corroborated the valuation of the aircraft.

The presidential jets were put up for sale last week in an advertorial that appeared in selected newspapers in Nigeria.

The report noted that bidders have been pouring in both from home and abroad to check the Falcon 7X which is currently at the Nnamdi Azikiwe International Airport, Abuja, while the Hawker 4000 aircraft is in Zurich, Switzerland.

The report further stated that  the authorities were looking for a very good bid in the neighbourhood of $50million for the two planes.

At the current market rate in the international market, a new Falcon 7X costs $53million and the Hawker 4000 costs $22.9million.

The federal government bought the Falcon 7X in 2011 at the cost $50 million.

The estimated value of all the 10 aircraft in the fleet of the presidency is put at over $450 million, with about N8 billion spent on maintenance and fuel yearly.

The chief pilot of the presidential fleet, Captain Dung Rwang Pam told The Guardian that the aircraft’s types were for the very rich, hence should also be expensive selling them.

He said in other climes, the bid would have been for between 60 and 70 per cent of the initial cost, given the short mileage they have covered since they were bought by the government.

He however expressed concern that the system may short-change the government in the bidding process.

The Nigerian media yesterday, October 10, widely reported the handover of two aircraft from the presidential fleet to the Nigerian Air Force.

The two helicopters were acquired by the federal government on October 20, 2014 and May 21, 2015 respectively, according to Presidency Office of Digital Engagement (PODE).

Lagos ports to receive 26 ships with food items, others

Twenty six ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Monday, October 31 to Wednesday November 23.

This was made known by the Nigerian Ports Authority (NPA) via its publication – Shipping Position.

According to the News Agency of Nigeria (NAN), NPA said that the expected ships contained buck wheat, bulk sugar, general cargoes, empty containers, base oil, aviation fuel, ethanol, base oil, diesel, containers and petrol.

Also, four ships had already arrived the ports, waiting to berth with bulk fertiliser, bulk sugar and petrol.

Nigeria operates mostly an import-dependent economy, which makes the Lagos ports the busiest in sub-saharan Africa.

On a monthly basis, ships from across the world berth at the Lagos ports carrying goods which flood Nigerian markets making it difficult for locally produced goods to gain traction in the economy.

Meanwhile, the European Union (EU) and Nigeria has commenced formal talks on a deal to send Nigerian migrants in Europe back home.

The deal is part of the EU’s latest move to stem the exodus of Nigerians and other Africans to Europe. The migrants usually embark on dangerous trips across the Mediterranean sea in their efforts to get into Europe.

Niger Delta elders accuse FG of blackmail

Niger Delta elders are expected to meet with President Buhari to discuss issues after the region

–  The elders plan to tell the president the reason they rejected his investment package

– They also called for the Maritime University not to be changed to a polytechnic

Niger Delta leaders and stakeholders have rejected the President Muhammadu Buhari’s government’s $10 billion (N4 trillion) infrastructural rebirth investment programme,

This revelation is coming just as the Niger Delta leaders are expected to meet President Buhari at the presidential villa on Monday, October 31.

Vanguard reports that the elders are expected to tell the president of their decision to reject the package as they were not consulted before the decision was taken.

The meeting was necessary following the continued bombing of oil and gas pipelines by militants in the region that has crippled oil production and reduce the country’s exportation.

The minister of state for petroleum, Dr Ibe Kachikwu had announced the multi-trillion naira programme which was described as part of the short and medium term priorities to grow Nigeria’s Oil and Gas Industry (2015 to 2019) and tagged the ‘7 BigWins’\

The leader said the programme was private sector driven and that the government does not have the money to finance it.

“At the end of the day, other Nigerians will say why complain when you have $10 billion and the money is not there in the first place. If the companies have such money, they should pay the money owed the Niger Delta Development Commission, NDDC, rather than blackmail the region with such money.”

This decision was reached at the end of a meeting held at the residence of the convener, Chief Edwin Clark at his 43, Haile Selassie Street, Asokoro in Abuja on Saturday, October 29.

They said the people in the region who understand the problem were not carried along which is tantamount to blackmail.

They said the people of the region are suffering from oil exploitation, while nobody is being harassed as mining is going on in the North.

They also called on the president to drop the idea of turning the Maritime University in Okerenkoko, Gbaramatu, Delta State to a polytechnic

Friday, 28 October 2016

Scientist uncover burial slab that held body of Jesus Christ

Scientists have reportedly uncovered a burial slab which many Christians believe once held the body of Jesus Christ.

The surface was exposed at the Church of the Holy Sepulchre in the Old City of Jerusalem, Marble had previously encased the slab since at least 1555AD, reports say.


The work going on at the church is being filmed by National Geographic
Fredrik Hiebert, the National Geographic Society’s archaeologist-in-residence, said: ‘It will be a long scientific analysis, but we will finally be able to see the original rock surface on which, according to tradition, the body of Christ was laid.’

Christians believe that  Christ’s body was laid on a slab cut from a limestone cave after his crucifixion by the Romans more than two thousand years ago.

The scripture says He resurrected three days after his death and the women who came to anoint his body said no remains were found.


How Nigeria’s economy can be transformed - Ambode

 The governor of Lagos state, Mr Akinwunmi Ambode, has said the completion of the $2.6bn Badagry deep sea port project will help revive the nation’s economy

– He said that the port was expected to generate 500,000 jobs directly and indirectly when completed

– He also promised that the state government would ensure the protection of the interests of the host communities

The governor of Lagos state, Mr Akinwunmi Ambode, has said the completion of the $2.6bn Badagry deep sea port project would help develop the growth of the nation’s economy, Punch reports.

According to a statement by the chief press secretary, Mr Habib Aruna, the governor said this after a meeting with Mr Morten Engelstoft, the chief executive officer designate, APM Terminals (Maersk Group) in Copenhagen, Denmark.

The meeting centered on the advancement of the deep sea port, a statement by his According to the governor, the project will also complement the emergence of Lagos as the fifth largest economy in Africa.

“This port and free zone, situated on over 1000 hectares is expected to be the largest deep sea port in Africa upon its completion.

“The project will include a container terminal, oil & gas services and a liquid bulk terminal, with general cargo and Ro-Ro facilities,” Ambode said.
He said that the port was expected to generate 500,000 jobs directly and indirectly when completed.

He also promised that the state government would ensure the protection of the interests of the host communities.

Ambode also said decisions over the funding of Lot 3 of the Mile 2 to Seme 10-lane highway expansion, are almost concluded as it would complement the ongoing Badagry Deep Sea Port Project.

The Governor, who said the Lot 3 would run from Okokomaiko-Badagry-Seme, affirmed the commitment of his administration to providing an enabling environment for businesses to thrive in the State.

It is no longer news that the recession in the country keeps biting harder by the day.

Earlier, the All Progressives Congress (APC) has finally admitted to being responsible for the economic challenges that Nigeria is going through.

The party has always pointed accusing finger at the Peoples Democratic Party (PDP) as the cause of Nigeria’s recession which it said could have been avoided if the party had saved for the rainy day.

Shi'ites claim security operatives plan to carry out massacre

The Shi’ite group alleged that southern Muslims and Christians in the north will be killed by security operatives

– The group claimed this is part of the plan to disrupt their own religious trek

– It called for the unconditional release of its leader, El Zakzaky who is in detention

The Islamic Movement in Nigeria known as Shi’ites have claimed that they have uncovered a plan by security operatives to massacre southern Muslims and Christians.

The religious sect that has been outlawed in Kaduna and some other states said there was also plan to disrupt its religious trek.

Daily Post reports that Ibrahim Musa who is the media forum president of the religious sect in a statement said its planned trek was purely religious which should not be a problem as people have trekked for political reasons without causing any problem.

The statement read: “It has come to our notice that security agents have perfected plans to cause mayhem during our annual symbolic Arbaeen trek, commemorating a similar trek the Umayyad ruler Yazid subjected family members of Prophet Muhammad (AS) to, from Karbala to Damascus in the year 680AD.

“This trek is a religious duty, which the faithful embark on, as a mark of answering of the call to help of Imam Hussein (AS) on the plains of Karbala, which many quotations of our Prophet (S) enticed faithfuls to answer, even if it were to be by crawling. It is purely symbolic and is done by millions of faithfuls worldwide.

“In Nigeria however, opponents who do not want anything of that tyranny against the family of our Prophet (AS) remembered and exposed had always used various plots and evil schemes to demonize the symbolic trek and even stop it by hook or crook means and the use of force

“We have observed that the idea of trekking to mark or celebrate an event is not alien or new after all. Several people trekked much longer distances to celebrate the victory of President Buhari at the polls last year with pomp and pleasantries.

“That was a political trek. Ours is a solemn trek and a religious duty. We never force anyone to embark on it, we never molest anyone from start to finish and we must be allowed to exercise our religious obligation.

“This year however, credible sources have confirmed to us that they plan to attack the trekkers in various guise at multiple locations and also burn residences and business premises of the trekkers back in their towns while they are away on the trek.

“This evil plot involves the use of thugs along all the routes, who would attack especially at night while the trekkers take a rest in camps, kill as many as possible and raze their temporary shelters. Transporters will also be threatened with destruction of their vehicles if they allowed them to be used in anyway for the symbolic trek.

The statement read: “It has come to our notice that security agents have perfected plans to cause mayhem during our annual symbolic Arbaeen trek, commemorating a similar trek the Umayyad ruler Yazid subjected family members of Prophet Muhammad (AS) to, from Karbala to Damascus in the year 680AD.

“This trek is a religious duty, which the faithful embark on, as a mark of answering of the call to help of Imam Hussein (AS) on the plains of Karbala, which many quotations of our Prophet (S) enticed faithfuls to answer, even if it were to be by crawling. It is purely symbolic and is done by millions of faithfuls worldwide.

“In Nigeria however, opponents who do not want anything of that tyranny against the family of our Prophet (AS) remembered and exposed had always used various plots and evil schemes to demonize the symbolic trek and even stop it by hook or crook means and the use of force

“We have observed that the idea of trekking to mark or celebrate an event is not alien or new after all. Several people trekked much longer distances to celebrate the victory of President Buhari at the polls last year with pomp and pleasantries.

“That was a political trek. Ours is a solemn trek and a religious duty. We never force anyone to embark on it, we never molest anyone from start to finish and we must be allowed to exercise our religious obligation.

“This year however, credible sources have confirmed to us that they plan to attack the trekkers in various guise at multiple locations and also burn residences and business premises of the trekkers back in their towns while they are away on the trek.

“This evil plot involves the use of thugs along all the routes, who would attack especially at night while the trekkers take a rest in camps, kill as many as possible and raze their temporary shelters. Transporters will also be threatened with destruction of their vehicles if they allowed them to be used in anyway for the symbolic trek.


It is on record that not even last year, when security agents under the cover of Boko Haram detonated a bomb killing 32 persons along the Kano axis, was the trek even disrupted talk less of turning violent. In spite of the spurious allegations of blocking roads, an unjustified charge, we do not prevent motorists and other road users from using the roads. It is also on record that we lost quite a number of persons in previous years who were knocked down by reckless drivers during the trek, which would not have happened if we blocked the roads or prevented others from using the roads.

“IMN is being vigorously persecuted by all levels of government, using all coercive apparatus of state, clearly in flagrant violation of our right to religious gathering and association. These efforts by security forces to scuttle the annual symbolic Arbaeen trek must be seen in that light. We therefore draw the attention of the public and the international community that whatever happens to IMN members during the trek, the Nigerian authorities must be held responsible.

“Lastly, we still demand for the unconditional release of our incarcerated leader, Sheikh Zakzaky and all those in detention since the December 2015 Zaria massacre by the Army.”

The group has been organising several rallies across the country pressing for the release of Zakzaky, his wife and some of its members that were arrested by soldiers following the clash.

Part of the statement read: “We understand those that sanctioned his detention and those detaining him want to humiliate him and make sure that he goes completely blind before he is eventually released thereby rendering him powerless the moment he is released from unconstitutional and illegal detention.

 “The health of our leader and the wife continues to deteriorate on a daily basis and those holding him in custody are playing politics with his detention and that of his wife and we urge the Nigerian people and the international community to intervene in this crude violation of the fundamental rights of our leader.