Features

Nigeria’s Foreign Assets At Risk As Enron Seeks $22m Arbitration

As Economy Maintains Resilience Amid Challenges

November 25, 2019 2:10 pm

The positive Gross Domestic Product numbers achieved in the third quarter of 2019 calls for more complementary fiscal and monetary policy to enhance macroeconomic growth, writes Obinna Chima

Last week, the National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) report for the third quarter (Q3) of 2019, which showed that GDP expanded to 2.28 per cent (year-on-year), in real terms, in the period under review, compared to the 2.12 per cent recorded in the preceding quarter.

The latest GDP performance was the second highest quarterly rate recorded since 2016.

The report also showed that aggregate GDP for …

FG Committed To Ideas That Will Build The Nation – Onu

November 25, 2019 10:53 am

The Minister of Science and Technology, Ogbonnaya Onu, has assured that the Federal Government is committed to ideas that will help in nation-building.

The Minister spoke on Monday at a book launch by the Managing Director and Editor-in-Chief of Sun Newspapers, Mr Onuoha Ukeh, in Transcorp Hilton Hotel, Abuja.

He commended the author for consistency holding the government accountable by being a voice for the poor.

The book being launched, with the title ‘The Powers That Be: Thoughts and reflections on people, power and politics’, attracted a host of dignitaries, with Ekiti State Governor Kayode Fayemi, Bayelsa State Governor …

Senate

Senate May Pass 2020 Appropriation Bill Thursday

November 25, 2019 10:50 am

The ₦10.33 trillion 2020 budget proposal presented by President Muhammadu Buhari to the National Assembly may be passed by the upper legislative chamber on Thursday.

This is with a view to bringing the budget cycle effective 2020 fiscal year to January to December from the current May to April and the passage will be coming less than two months after the budget estimate was presented by the President to a joint session of the National Assembly on October 8.

The Senate is currently working  towards the realisation of the Thursday deadline for budget passage as its committee on Appropriation headed …

Miyetti Allah Partners Security Agency To Expose Criminals

November 25, 2019 10:48 am

The Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Nasarawa State chapter, Mohammed Hussaini, has said the association is partnering security agencies to expose criminals in the state.

The chairman stated this yesterday in an interview with the News Agency of Nigeria (NAN)  in Lafia.

According to him, the partnership is part of the collective efforts to ensure the state is rid of criminals, adding that security is everybody’s business and not that of the security agencies alone.

“The efforts have yielded a lot of results, leading to the arrest of criminals across the state.

“The kidnappers …

WikiLeaks Founder, Julian Assange Could Die – Reports

November 25, 2019 9:23 am

More than 60 doctors wrote an open letter published Monday saying they feared Julian Assange’s health was so bad that the WikiLeaks founder could die inside a top-security British jail.

The 48-year-old Australian is still fighting a US bid to extradite him from Britain on charges filed under the Espionage Act that could see him given a sentence of up to 175 years in a US prison.

In the letter to Home Secretary Priti Patel, Britain’s interior minister, the doctors call for Assange to be moved from Belmarsh prison in southeast London to a university teaching hospital.

They based their

…

Importing Fuel Now Makes No Economic Sense – OVH Energy

November 25, 2019 9:22 am

OVH Energy Marketing Limited, Oando Licensee, has said importing fuel under the current arrangement does not make economic sense for any investor.

Its Managing Director, Mr. Hubb Stockman, stated this at an interaction with energy editors on the milestones recorded by the company. He said even if forex was procured at the official exchange rate of N306 from the Central Bank of Nigeria (CBN),  such investor would end up selling at a loss in the market.

He said the development has left the Nigerian National Petroleum Corporation (NNPC) as the sole importer of petrol into the country, adding that …

Akwa Ibom Debunks Allegation Of Poor Quality Roads

November 25, 2019 9:22 am

Akwa Ibom State government has debunked claims by some House of Assembly members that roads constructed by Governor Emmanuel administration have failed.

Two members of the Assembly, Victor Ekwere and Mark Esset, had confronted the Commissioner for Works, Ephraim Inyang-Eyen with the allegation that about 97 percent of all roads constructed in local government areas by Emmanuel’s administration collapsed immediately after their inauguration.

While putting a lie to the allegation, Inyang-eyen said a problem with one or two out of the 57 roads currently being constructed across the state did not amount to 97 percent of the supposedly failed roads, …

Fire

Students, Journalists Count Losses As Fire Guts Lodge

November 25, 2019 9:20 am

Students of the Federal Polytechnic, Bauchi, and two journalists are counting their losses after fire razed down their compound in Gwalameji area of Bauchi metropolis on Sunday.

Daily Sun learnt that the fire started around 1:30 pm from one of the rooms at Tinubu Lodge.

One of the occupants, a journalist, working with THISDAY newspaper, David Adenuga, said: ”It was like a dream, I couldn’t believe that everything in my room has gone, I lost all my belongings to the fiIre.

”There was no light that time, we still don’t know the source of the fire. The fire affected nine …

Hajj

Taj, Jaiz, NAHCON Explore Hajj Savings Scheme

November 25, 2019 9:19 am

Interest in the promotion of Hajj Savings Scheme in Nigeria has continued to gather pace as two Islamic non-interest banking institutions, Taj Bank and Jaiz Bank have met the National Hajj Commission of Nigeria (NAHCON) on its feasibility.

The Head, Public Affairs NAHCON, Fatima Sanda Usara, revealed that the Commission’s Chairman, Abdullahi Mukhtar Muhammad and officials from the two banks met recently on the subject.

Taj Bank delegation was led by its Managing Director, Norfedelizan AbdulRahman and Jaiz by its Managing Director, Hassan Usman.

AbdulRahman, lauded the hajj savings scheme initiative while assuring of Taj Bank’s readiness to deploy in …

Build Shari‘ah Courts In South-West – MUSWEN To Governors

November 25, 2019 6:21 am

Muslims in the South-west region under the auspices of Muslim Ummah of South West Nigeria (MUSWEN) have called on Governors Seyi Makinde (Oyo), Gboyega Oyetola (Osun), Dapo Abiodun (Ogun), Rotimi Akeredolu (Ondo), Kayode Fayemi (Ekiti) and Babajide Sanwo-Olu (Lagos) to establish Shari‘ah Courts in the region.

The Muslims said the creation of the Shari’ah Courts in the six states of the region became necessary in order to cater for the yearnings of Muslims who are in the majority.

MUSWEN made the demand yesterday in a communiqué signed by the duo of Alhaji Ishaq Kunle Sanni and Prof. Wole Abbas at …

Rivers

Rivers Govt Accredits 1,415 Private Schools

November 25, 2019 6:20 am

In line with Rivers State Government’s desire to establish a formidable educational sector at the public and private institutions, the Committee for Accreditation and Approval of Private Schools setup by the Governor Nyesom Wike has submitted a comprehensive report to the state government.

While receiving the report, Wike said he was concerned and committed to ensuring that private schools are of approved standard with right facilities.

The governor, who was represented by the Secretary to the State Government, Dr. Tammy Danagogo, added: “We have no doubt that this report will help us sanitise the educational sector to create a state …

Mikel Set To Hook Russian ’Baby Mama’

November 25, 2019 6:12 am

Former Super Eagles’ captain, John Obi Mikel may tie the knots with his Russian baby mama, Olga Dyachenko, if reports getting to SportingSun is anything to go by.

Mikel in his latest Insta- gram post has hinted he is comfortable with the life- style of the Russian lady as he pledged to thicken his love for her despite staying far away from the mother of two.

“My crazies, I love my world,” he wrote along with picture of lady and her kids.

The post, which was in form of a snapchat, saw Olga feeling happy de- spite the distance between

…

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