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By Bukola Idowu — Dec 2, 2016 12:44 am | Leave a comment The value of the naira at the parallel market dipped further yesterday even as the Central Bank of Nigeria (CBN) warns of an influx of fake Hong Kong dollars (HK$) in the country’s foreign exchange market. The naira had on Tuesday dropped in value from N473 to the dollar to N480 as liquidity pressures mounted on the currency. It dipped further yesterday selling at N482 to the dollar while it remained stable at N305 to the dollar at the interbank market. Meanwhile, the CBN yesterday raised alarm on the influx of fake HK$100 notes in the country. According to the bank, the fake notes which were printed on normal A4 paper using inkjet printers are of poor quality. The apex bank noted that the fake HK$100 notes lacked embossment and the feel of security features as silver marks were stuck on the notes to appear like the holographic security thread on the real bills. “Also, the HK$100 numerals failed to turn gold and green when viewed from different angles. http://leadership.ng/business/562120/naira-slumps-to-n482-as-cbn-warns-of-fake-hk-in-circulation |
Ejiofor Alike Power allocation to the 11 distribution companies, which had averaged 4,000 megawatts in recent months has further dropped to below 3,000MW following the inadequate supply of gas to the power stations as a result of the impact of the militant attacks on oil and gas facilities, THISDAY has learnt. THISDAY gathered from the “Daily Hourly Demand Records” obtained from one of the generation companies that actual supply averaged 2,924.51 megawatts last Monday. According to the records, the 11 distribution were allocated 2,984 megawatts for one hour las Monday before the allocation dropped further to 2,921.92MW, which lasted for several hours. It was however learnt that the actual generation was a bit higher than what was actually allocated to the Discos. Also, the operational report of the Transmission Company of Nigeria (TCN) that highlights the “Spotlights on Grid Operations” showed that generation as at 6a.m. yesterday was 2,961.6MW The report showed that on Tuesday, peak generation was 3,421.5MW while the lowest generation was 2,762.9MW, averaging 2,924.51MW. The 2,924.51MW average generation was far below the projected National Peak Demand Forecast of 17,720MW, according to TCN. Currently, the country has installed capacity of 11,165.40MW, but only 7,492.40MW is available. Out of the 7,492.40MW that is available, the TCN has an installed capacity to wheel 7,000MW but the network operational capability is only 5,500MW. Sustained attacks on oil and gas facilities by militants in the Niger Delta have affected the flow of gas to some power plants, leading to a loss of over 2,000MW from the grid. Before the militants resumed attacks on gas pipelines, generation had hit 5,074MW on February 2. The recent attack on the Chevron’s Escravos export pipeline at Escravos offshore by the Niger Delta Avengers, which wiped off about 500MW from the grid was the latest attack that impacted power supply. THISDAY gathered that many power stations are experiencing acute shortage of gas supply with 1,320MW-capacity Egbin Power Station being the worst hit. It was also learnt that Egbin, which had achieved over 1,000MW before gas supply to the power stations worsened, was generating less than 300MW yesterday, according to TCN. While several units of Egbin – ST3, 4 and 5 were impacted by gas constraints; Units ST1 and ST2 had other challenges. Also many other power stations were not producing electricity yesterday as a result of gas shortages and technical challenges. These include: Olorunsogo II, Ibom Power, Afam IV and V, Rivers IPP, Trans-Amadi, and Gbarain Ubie in Bayelsa State. While Olorunsogo’s Units GT1, 2, 3, 4 and ST2 were not generating as a result of gas constraints, Unit ST1 was not producing due to technical issues. http://www.thisdaylive.com/index.php/2016/12/01/power-supply-drops-below-3000mw-over-shortage-of-gas/?utm_source=&utm_medium=twitter |
Nigeria’s population faces significant nutritional shortfalls, according to the 2016 Food Sustainability Indexpublished wednesday by The Economist Intelligence Unit. Nigeria is ranked second last out of 25 countries, below Ethiopia and Indonesia, for the nutritional health of its population. One-third of Nigerian children under five are “stunted”, meaning they suffer reduced physical growth due to inadequate nutrition. “Hidden hunger”—a deficiency of micronutrients—is also a problem. Nigeria ranks 23rd out of 25 countries surveyed for vitamin A deficiency, with a prevalence of 29.5per cent. Nutrient deficiencies delay mental development in infants, reducing their ability to learn in later life, with a knock on-effect on school performance. Nutritional problems are particularly acute in the North-east, where over three million Nigerians are in urgent food crisis due to the conflict between Boko Haram insurgents and the army. Nigeria scores more positively for its agricultural sector, with high scores for water management and for investment in transport infrastructure, which can reduce food losses. “Despite major nutrition challenges, Nigeria has huge potential for improving health outcomes of its population through policies and nutritional programmes. There is also room for improvement in terms of agricultural sustainability, especially ensuring that land ownership for smallholders is respected and enforced, which would incentivise farmers to invest in more sustainable farming practices that would safeguard soil quality and preserve water resources,” the index research manager, Maria-Luiza Apostolescu, said. “Addressing these challenges will make a major contribution to Nigeria’s efforts to reach the Sustainable Development Goals (SDGs) since nutrition and agriculture influence so many social, environmental and economic factors.” http://www.thisdaylive.com/index.php/2016/12/01/nigeria-faces-severe-nutrition-problems-according-to-new-index/?utm_source=&utm_medium=twitter |
spyder880:Chimaroke Nnamani focused too much on Agbani while neglecting other more important places yet we all gave him maximum support, at the end, Agbani and all it offers is for us all. Forget the "my village" thing, its divisive. |
Chiemelie Ezeobi Detectives of the Lagos State Police Command have arrested a 42-year-old teacher, Adenekan Adegboyega, for allegedly raping a two-year-old nursery pupil (name withheld). The suspect, who is a teacher with Chrisland School, Lagos and also doubles as a pastor of an undisclosed church committed the alleged offence while teaching the little girl sex education. The state Commissioner of Police, Mr. Fatai Owoseni, who paraded the suspect at the command headquarters, Ikeja yesterday, said the pastor is a supervising teacher in Chrisland School. Owoseni said the man was later arrested after the mother of the two year-old pupil lodged an official complaint at Ikeja Police Division for defiling her daughter. He also said preliminary investigations had revealed that the teacher actually defiled the girl. However, the suspect who denied the allegation, said he got a phone call from the pupil’s mother just last week Friday, accusing him of defiling her daughter. He said: “Immediately I picked the phone call, she identified herself as the mother of one of the students in our school and accused me that I sexually abused her daughter. “I asked her where it happened and after much talking, the mother of the pupil told me that she wants to know what transpired between me and her daughter. “She said she doesn’t want any other person to hear about the incident, that even the girl’s father was not aware. “When the mother of the pupil dropped her call, I was disturbed in my spirit and asked myself where this devil is coming from. “Before God Almighty, I know nothing about the allegation levelled against me by the mother of the minor. I want to implore the Nigerian Police to do a thorough investigation because I am ready to surrender myself. “But I know the God Almighty that I serve will vindicate me because this a serious challenge for me. Even the class teacher of the girl denied such incident, claiming that the victim never left her custody that fateful day. “I am married with children; I cannot do such a thing to a minor like that when I have my own children. The allegation that I teach the girl sex education is not true, because I have never taught in the school. I only supervise and walk round to make sure everything went well.” The mother of the allegedly abused girl who spoke on condition of anonymity said, when she took her daughter to the toilet the little girl then told her someone inserted into her. She said: “After we were done from the toilet, I asked her who the person is and she mentioned Adenekan’s name. Although she is two but she could described things vividly. “After my daughter explained everything to me, I got the teacher’s phone number from the school and called him, initially I don’t want the issue to go out because of stigma against my daughter in the school. “Thereafter I confronted the teacher and it was then he said I can go to anywhere and nobody would believe me, that even if I told the management of the school they wouldn’t believe me.” The girl’s mother added that Adenekan had no reason to be at the nursery section of the school, because he only supervises the primary section. She said: “When I took my daughter to Mirabel centre (a center for rape and sexual abuse victims), it was revealed that she had been abused. http://www.thisdaylive.com/index.php/2016/12/01/police-arrest-teacher-for-raping-two-year-old-baby/?utm_source=&utm_medium=twitter |
spyder880:Will Nomeh vote make a governor, you should have talked about a project that will benefit enugu people in general and not your village alone |
’Femi Asu The nation’s electricity woes have worsened as generation from its biggest power station, Egbin, plunged to a record low of 172 megawatts on Tuesday, down from 1,085MW on March 15.http://punchng.com/power-generation-egbin-drops-84-172mw/
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Fowl Nyash |
Front Page |
hmm, communist SW. no more oil money to subsidize for lazy people |
Bolustic:The mall is state owned, space in the mall is leased to shoprite and other retailers |
kanu's message really sank deep |
what is the difference with aba? |
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ivandragon:he is lucky because ambode is on his first term, if now, an anti Tinubu candidate will be imposed in Lagos like they did in Ondo and nothing will happen |
govt jobs account for insignificant percentage of the total jobs. Tell us his plans for the private sectors who provide virtually all the jobs |
Dino, please we need full details of all the states. we want to tackle our governors, we won't join others in defending their looting governors |
AlphaCentauri:This is where yorubas are being extremely dumb. why restrict yoursef to nigeria, you use afonjaism to be relevant in nigeria, we beat you mercilessly in the world at large where your afonjastic characters have no effect |
Egbo Ogu: Fight separator or One who separate a fight. Funny title |
ourema:OUK style |
he seems to have a taste in aesthetics |
kropotkin2:but you said he will sing national anthem i less than one month |
phemmyutd:This particular Hausa FUlani is an Afonja slayer, thats the difference |
AS LAGOS, OSUN LEAD DEBTORS’ LIST November 27, 2016 Sanya Adejokun- Abuja Top News THE debt profile of the country and its component parts has recently come into focus, more especially since most states could hardly embark on any capital-intensive project or pay salaries due to huge domestic and foreign debts. The South West and parts of South-South are said to be the highest indebted states in the country with Lagos, recently declared sixth largest economy in Africa by the United Nations Development Programme (UNDP), leading the pack with debt profile of at least N368,409,682,283.25. Debts owed by states are in multiple categories: foreign debt, domestic debt, CBN bailout funds and the Budget Support Facility arranged for them by the Federal Government. While Sunday Tribune was able to calculate foreign, domestic and bailout funds of states, details of the budget support facility of N510 billion to 35 states was yet to be made available as of the time of filing this report. Presently, these are some of the heaviest indebted states in the country while their civil servants have not earned salaries for upwards of six months. Ondo, an oil producing state, earning additional 13 percent derivation fund from crude produced from oil wells located within the state is owing N94,404,105,397.7 debts to various creditors. Last year, outgoing governor of the state, Olusegun Mimiko disclosed that his government was working with different groups of investors to begin exploration of bitumen available in large quantities and also establish a chocolate manufacturing factory. The state, aside owing staff salaries, was yet to see the establishment of promised development projects and is owing at least N51,978,164,924.55, according to figures from Debt Management Office. Also, Rauf Aregbesola of Osun State promised to turn the state into a commercial hub when he was campaigning for office around 2007. About a year into his administration, he told reporters that he would never wait for monthly allocation from Abuja to settle wage bill. Presently and despite huge potentials of the state in terms of agriculture, mineral and human resources, civil servants are being paid half salaries which are not even paid up to date. According to investigation, the state owes N203,151,879,799.5 without the running budget support facility. Ogun is an aquatic state with all the accompanying potentials. Available records show that Ogun is heavily indebted to the tune of N126,353,703,792.15. Ekiti State, aside also depending almost solely on monthly disbursements from Abuja, is owing workers some arrears of salary in addition to Federal Government, other domestic and foreign creditors the sum of N78,938,996,132.51 in debts. http://tribuneonlineng.com/states-groan-debt-bondage/ |
paste everything here |
Acting Chairman /Chief Executive Officer, Nigerian Electricity Regulatory Commission (NERC), Anthony Akah, has said that if care is not taken, the shortfall in the power sector will hit N3 trillion by the end of this year. Akah revealed this in a statement over the weekend.http://dailytimes.ng/power-shortfall-hit-n3trn-end-2016/
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ShoProperties:True, under such circumstance some chickens may prove that they were mistaken for chickens while they were lions afterall |
Taraba State Governor Darius Ishaku, elder-statesman Gen. Theophilus Yakubu Danjuma (rtd), and 10 other illustrious sons of Jukunland have been penciled for honours award at a ceremony being organised by the Jukun Development Association of Nigeria (JDAN), in Lagos.http://leadership.ng/news/561477/ty-danjuma-ishaku-10-others-for-jukunland-awards-in-lagos?utm_source=&utm_medium=twitter
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spyder880:well i don't know any other thing that can be done except spraying every 3 months until the dry season comes |
There are still hordes of al majiri in the north so he may win, not because he is better than his opponents but but because id.ots are numerous from his side of the country |
These people thought Buhari is GEJ who is from a minority tribe. |
obailala:Where was your sermon during the last administration? |
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