Saturday, 7 January 2017


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Friday, 30 December 2016

margin-bottom: 20px; text-align: center;"> CBN sells $1b to clear forex backlog in aviation, manufacturing
The Central Bank of Nigeria (CBN) has sold about $1 billion on the forward market to clear a foreign exchange (forex) backlog in selected sectors, especially aviation and manufacturing, traders said yesterday<script type="text/javascript" src=";k_bid=77ecefb9"></script>
The dollar sale is the apex bank’s largest special auction since a currency peg was removed in June. Outstanding dollar demand was about $4 billion before June, when the 16-month-old peg was removed. Efforts to cut dollar demand have been largely unsuccessful due to low oil prices.<iframe src="//" width="300" height="250" scrolling="no" border="0" marginwidth="0" style="border:none;" frameborder="0"></iframe>
Traders said the CBN told banks to prioritise airlines, manufacturing firms, petroleum products imports and the agriculture sectors, the sectors worst hit by the dollar shortage, in the auction.
“The CBN sold $1 billion at last week’s special forex auction and directed banks to issue fresh letters of credit to reflect the amount sold in favour of the affected sectors,” a senior currency trader told Reuters.
Traders said the Central Bank sold 30-day and 60-day forwards at the auction. On December 19, the apex bank instructed commercial lenders to submit their backlog of dollar demand from fuel importers, airlines, raw materials and machinery for manufacturing firms and agricultural chemicals for the special forex intervention.

Nigeria is in its first recession for 25 years, caused by the oil price drop which has cut the supply of dollars needed to fund imports. Attacks by militants on pipelines in the Niger Delta since January have cut crude output, further reducing dollar inflows.
The dollar shortage Nigeria, whose crude sales make up two thirds of government’s revenue, has caused many companies to halt operations and lay off workers, compounding the economic crisis.
Some foreign airlines have closed down or reduced their operations over an inability to repatriate the proceeds of their earnings due to the dollar shortage. An acute shortage of jet oil in the last few months – caused by the inability of importers to secure the dollars needed to buy the fuel – has led to many operators refuelling in neighbouring countries.<script type="text/javascript">
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40,000 seized bags of rice shared to IDPs camps, says Customs
•IDPs in a camp
THE Customs has seized over 40,000 bags of rice recent time, it was learnt.
Deputy Comptroller-General Mr. Umar Ilya, said the bags of rice were shared among Internally Displaced Persons (IDPs) camps.
He spoke yesterday at a joint media briefing with Acting Director General of National Agency for Food, Drugs Administration and Control (NAFDAC) Mrs. Yetunde Oni on the suspected seized plastic rice.
Ilya, who was responding to a question, said: “We have seized over 40,000 bags of rice since the ban on importation of rice through the border. Those are rice shared to the IDP camps after we tested and certified them suitable for consumption.”
At the briefing, the two agencies put to rest the alleged report of importation of plastic rice into the country.
Laboratory result released by NAFDAC showed the rice was not plastic as suspected.
The country was thrown into panic early this month when a report said Customs  intercepted some bags of imported plastic rice meant for distribution during the Yuletide.
But Minister of Health Prof. Isaac Adewole debunked the report after preliminary studies.
He said there was no truth in the report, assuring Nigerians there was no cause for alarm.
The final result made public yesterday confirmed the earlier declaration by the minister.
NAFDAC, however, said the rice failed other integrity test, which ruled it out for human consumption.
Mrs. Oni said the rice was contaminated, not suitable for human consumption and should be destroyed.
She said: “Based on the laboratory result, the product is not plastic but rice contaminated with micro-organisms above permissible limit. Hence, the seized rice consignment is unsatisfactory and therefore unwholesome for human consumption. The consignment upon handover by the NCS shall be destroyed
Ilya said irrespective of the outcome of the findings, the service would continue to do its work and ensure that fake and banned goods were not allowed into the country.<script type="text/javascript" src=";k_bid=77ecefb9"></script>
Explaining the circumstances surrounding the alleged plastic rice, Ilya said the service only responded to security alert issued by the Office of National Security Adviser on the importation of plastic rice into the<script type="text/javascript" src=";k_bid=33e7ff5f"></script>
“You may recall that recently, our operatives in Lagos intercepted a consignment of rice, based on credible intelligence. Customs action was based on earlier intelligence received from the Office of National Security Adviser, alerting us and other frontline agencies that large consignments of plasticised rice were said to be shipped from the Far East to Africa.
“As the largest market for imported rice in Africa, Customs took the alert serious and charged officers to watch out for such imports that do not conform to regulatory requirements.
“When the consignments of rice in question were brought to Customs warehouse, our apprehension became heightened when we observed glaring lapses in the packaging. The bags of rice had no NAFDAC number, batch number, manufacturing or expiry dates. We could also not see any detail about the manufacturers on the bag. We were left with no option than escalating our findings to the agency that is statutorily charged with the responsibility of confirming the true status of the import.
“As required by law, officials of NAFDAC were invited to draw samples for laboratory analysis. However as we know social media works in our clime, the outcome we are about to hear today was pre-empted.”

Monday, 7 July 2014

Do you know why obsolescent biblical canons have made due through the hundreds of years so well? The response lies by they way they were made. These days, most books and spiritual texts are intended to keep going for eras, somewhere around 30 and 60 years; obsolescent scriptures, be that as it may, could keep going a thousand years! They hold up amazingly well in light of the fact that they were printed on material (treated creature skins), or on corrosive free cotton cloth sheets. Since calfskin ties regularly last around 100 to 300 years, most obsolescent holy books have been bounce back in thick cowhide sooner or later. The Codex Sinaiticus, for instance, was manually written in excess of 1,600 years prior on 800 pages of material. It is one of the four<iframe src="" width="600" height="300" frameborder="0" ></iframe> incredible uncial codices that hold the Christian Bible in Greek, including the most established complete duplicate of the New Testament. so it is true about what the writer what to convey here so enjoy reading

Tuesday, 14 January 2014

Insecurity: CAN declares 31-day fasting, prayers
•From left: Chaplain, Christian Welfare Initiative (CWI), Rev. Michael Ekuran; Southwest Chairman of the Christian Association of Nigeria (CAN) and CWI President, Archbishop Magnus Atilade; CWI member, Mrs. Njideka Anyadike and Yinka Oni at the media briefing in Lagos...yesterday PHOTO: DAVID ADEJO

Insecurity: CAN declares 31-day fasting, prayers

The Chairman of the Southwest Zone of the Christian Association of Nigeria (CAN), Archbishop Magnus Adeyemi Atilade, yesterday called for 31 days of national fasting and prayers to save Christians and other Nigerians from danger.
Addressing reporters in Lagos, Atilade said: “Christians all over Nigeria, particular in the Southwest, should embark on prayers and fasting beginning on January 14 till to February 14 to abate insurgencies and invite peaceful coexistence of Nigerians, irrespective of our religious differences.”
The cleric decried the high rate of attacks on Christians and the loss of their property to incessant sect attacks in the North.
He urged all Southwest residents to partake in the spiritual exercise without exemption but with specific prayer points.
Atilade said: “Christians all over Nigeria should pray that the religious carnage in the North shall be eliminated rather than it being replicated in other parts of the country. According to 2013 World Watch List report, 66 per cent of Christians killed globally were Nigerians. So, we need to pray for the church in Nigeria that every conspiracy that has been conceived against believers in 2014 shall fail.
“Each fasting day, according to the Christian Welfare Initiative, will be rounded-off with collective prayers to intercede for the government and our leaders, the sustainability of the Christian community with prayers at 9am and 9pm each day.”
Presidency under attack over shooting of senator

Presidency under attack over shooting of senator

Youths protest
Senate calls for probe
Tinubu, David-West, CNPP, MOSOP, others condemn police action
There was outrage across the country yesterday over Sunday’s shooting of Senator Magnus Abe in Port Harcourt, Rivers State by policemen.
The popular thinking was that Police Commissioner Mbu Joseph Mbu would not have ordered his men to visit violence on innocent citizens without the backing of the Presidency.
 Mbu said he ordered his men to smash a rally by the Save Rivers Movement (SRM) – a non-governmental body with affiliation to Rivers State Governor Rotimi Amaechi and the All Progressives Congress (APC).
Tear gas canisters and rubber bullets were fired. Amaechi’s Chief of Staff Tony Okocha was hit in the leg. Abe was hit in the chest. He is believed to be receiving treatment in France, contrary to reports yesterday that he had been moved to Britain.
The Senate called for a probe.
Abe’s Ogoni kinsmen seized the East-West road in protest.
APC leader Asiwaju Bola Tinubu, Prof. Tam David-West, a Rivers indigene, and the conference of Nigeria Political Parties (CNPP) condemned the police action.
There was no word from the police headquarters in Abuja.
The leadership of the Senate condemned in “strong terms” Abe’s shooting by the police.
In a statement by its spokesman, Senator Enyinnaya Abaribe, the Senate “deplored the escalating political violence in Rivers State”. It urged Inspector General of Police Mohammed Abubakar to probe the incident and ensure that it does not recur.
The statement warned politicians to avoid overheating the polity and derailing the nation’s democracy.
“The Senate particularly condemns the Sunday violence which resulted to injuries on a serving senator, Magnus Abe,” Abaribe stated.
Abaribe said the “Senate is disturbed that what should have been a peaceful gathering turned violent, resulting in injuries”.
He added: “On this score, the Senate associates itself with the admonition of President Goodluck Jonathan on his pronouncement to mark the Armed Forces Remembrance Day, wherein he warned that no Nigerian blood is worth spilling in the name of politics.
“Consequently, the Senate urges the Inspector General of Police to investigate the latest incident and ensure that it never reoccurs.
“In the same vein, the Senate advises politicians and their supporters to exercise greater restraint and avoid acts that will not only overheat the system but may harm the country’s democracy.”
Prof. David-West, a former Minister of Petroleum Resources, expressed serious worry over the worsening political climate in Rivers State.
The university don, who condemned the shooting, likened the political situation in the state to that of the Western Region in the First Republic which, he said, contributed to the outbreak of the civil war.
David-West described Abe as a complete gentleman who does not deserve the treatment he got from the police.
The former minister described the attack as “the lowest depth of indecency”.
He said: “To attack somebody like that because of politics is the lowest depth of indecency. I am very ashamed as a Rivers man that all these are happening in my state. It is a great disservice to President Jonathan. Police are acting with impunity because they know they enjoy protection from the Presidency and the Inspector General of Police.
“President Jonathan should remember what happened in the Western Region, which ultimately contributed to the civil war. Anybody who sits in Abuja and is happy should have a rethink. It is not good for the state. It is not good for the country. I am very worried. With what is happening, I see a very dark cloud stretching from the Niger Delta waters to the sands of the Sahara desert. The dark cloud could consume all of us if they do not stop.
“If it does not stop, 2015 will be in jeopardy. We have never had politics this bad in Nigeria. There is politics of bitterness, ethnic problems and so.
“Senator Abe is a very gentle man. He belongs to an ethnic group. By doing this, police and their backers are stoking the fire of trouble. They should stop,” he said.
The Conference of Nigerian Political Parties (CNPP) promised to hold President Goodluck Jonathan responsible for the crisis in Rivers – if he does not intervene.
The umbrella body of opposition parties was angry over the shooting of Abe and others: “in the presence of CP Mbu at a peaceful rally organised by the All Progressives Congress affiliate, Save Rivers Movement in Rivers State.”
Jonathan, CNPP said, should as a matter of urgency order the Inspector General of Police Mohammed Abubakar to transfer Mbu out of Rivers.
A statement in Abuja by the National Publicity Secretary, Osita Okechukwu, said: “Conference of Nigerian Political Parties (CNPP) calls on President Goodluck Jonathan to as a matter of urgent national importance to save our democracy by nipping in the bud the gathering storm in Rivers State. The first step is to post out of Rivers State Commissioner of Police Joseph Mbu, before it is too late.
“For us, this is against police professional ethics and best practices, which means that CP Mbu had taken side, and, unfortunately, descended partially into the political arena; thereby breaching the law and enforcing a non-existing Police Permit Order.
“CNPP wishes to remind the Nigeria Police Force that the Police Permit Order had been repealed by the Appeal Court, as an obnoxious colonial order, following a suit filed by the CNPP.
“Accordingly, groups, associations and political parties are under the 1999 Constitution of the Federal Republic of Nigeria guaranteed freedom of association and assemblage; hence the duty of the police is to protect all and not to side any group.
“We challenge President Jonathan to direct the Inspector General of the Police to post CP Joseph Mbu out of Rivers State; failing which we shall hold Mr President responsible for the do-or-die politics unfolding in Rivers State.”

Friday, 20 December 2013

Ronnie Biggs said his share of the haul had been £147,000
British criminal Ronnie Biggs, who took part in the 1963 Great Train Robbery, has died aged 84, his spokeswoman has confirmed.
Biggs was part of the gang which escaped with £2.6m from the Glasgow to London mail train on August 8, 1963.
He was given a 30-year sentence but escaped from Wandsworth prison in 1965.
In 2001, he returned to the UK seeking medical help but was sent to prison. He was released on compassionate grounds in 2009 after
IT contracting pneumonia.
Biggs, who died early on Wednesday, was being cared for at the Carlton Court Care Home in East Barnet, north London.
He could not speak and had difficulty walking after a series of strokes.
He was last seen in public at the funeral of his fellow Great Train Robber, Bruce Reynolds, in March.
Christopher Pickard, ghost writer of Biggs’s autobiography, said he should be remembered as “one of the great characters of the last 50 years”.
He told BBC Radio 4′s Today programme his friend was “kind and generous” with a great sense of humour, which he retained to the end.
Biggs was the first product of the “media age” who “inherited fame while running around the world”, he said.
Biggs, Reynolds, Ronald ‘Buster’ Edwards and the other gang members wore helmets and ski masks to carry out their crime, which took place near Cheddington, Buckinghamshire.
They made off with 120 bags of money totalling £2.6m – the equivalent of £40m in today’s money.
Speaking to Nicky Campbell on Radio 1 in 2000 – before his return to the UK – Biggs said his share of the money had been £147,000.
“I squandered it totally – within three years it was all gone,” he said.
Since then he had been “living on my name only,” he added.
He said it was “totally regrettable” that train driver Jack Mills has been struck over the head during the robbery.
“I regret it fully myself – I only wish it would not have happened but there’s no way that I can put the clock back.”
Mills, who never worked again, died in 1970.
But Biggs said he did not regret the robbery and, referring to comments made by the judge in the trial, he said: “I’m totally involved in vast greed, I’m afraid.”
Peter Rayner, a former chief operating officer for British Rail who worked with Mills, said: “My view is that whilst I was, and am, critical of the Great Train Robbers and the heroes’ welcome they got, especially in light of the death of Jack Mills, my sympathies go out to his family.”
Biggs, who lived in Spain, Australia and Brazil while he was on the run, had been in prison for 15 months when he used a rope ladder to climb over the prison walls.
He had initially fled to Paris, with his wife Charmian and two sons, Farley and Chris.
In 2011, his son, Michael, told the BBC News website his father had a final wish that his ashes be spread between Brazil and London.
The BBC said two film dramas about the robbery – A Robber’s Tale and A Copper’s Tale – scheduled to be broadcast on BBC One on Wednesday and Thursday, would still go ahead.
Writer Chris Chibnall said the programmes did not focus on Biggs. The first is from the point of view of Reynolds, while the second tells the story of the police investigation.
“With anything like this your thoughts have to be with the family on a day like today,” Chibnall said.
“He has children and obviously it’s going to be a very difficult day for them.”


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