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Showing posts from March, 2016

UBOO NA AGAGA by Onyeoma Tochukwu Nnamani

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U S A by Onyeoma Tochukwu Nnamani

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ONYE MA ECHI by Onyeoma Tochukwu Nnamani

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ONYE KA CHUKWU by Onyeoma Tochukwu Nnamani

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ONYE EBUNA by Onyeoma Tochukwu Nnamani

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Know: Unilever records N59.2 billion turnover

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Unilever Nigeria PLC Unilever Nigeria Plc has posted a turnover and profit after tax (PAT) of N59.2 billion and N1.19 billion respectively for the year ended December 31, 2015. The profit margin represents a sharp dip of 51 per cent over the N2.4 billion recorded the corresponding period of 2014.Though same didn’t go for turnover, as the company achieved a 62 per cent leap compared to the N55.7 billion figure of the previous year. A further breakdown of the scorecard showed that the cost of sales increased by 7.2 per cent to N38 billion as against N36 billion gotten a year before. In the year under review, the firm’s net finance grew by 64.7 per cent from N1.74 billion to N2.87 billion.In a statement, the company, while admitting that trading conditions were though in the outgone year, however, assured shareholders of continued efforts in ensuring a sustained and steady growth in its operations to achieve better returns on investments. “Although the operating environment remains chal…

Know: Presidency counters Tinubu on Kachikwu, fuel scarcity

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Tinubu Balarabe Musa, Okukpe, Babatope, Ekungba differ The Presidency yesterday rose in stout defence of Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who at the weekend came under scathing criticism by the National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu over comments relating to the current fuel scarcity across the federation. Kachikwu, who is also the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), was reported to have said that he could not perform magic in solving the problem of fuel scarcity , a statement Tinubu considered insensitive and insulting to the sensibilities of Nigerians. But the Presidency yesterday rose in defence of Kachikwu , saying the minister was speaking the truth when he said that Nigerians would have to wait till May for the scarcity to go away. Presidential spokesman, Mr Femi Adesina on Channels Television programme: “Sunday Politics,” yesterday said the minister should not …

Know: Tinubu blasts Kachikwu

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Crowd at a fuel station in Lagos yesterday (Inset: a man leaping over a fence with a gallon of fuel.) PHOTOS AYODELE ADENIRAN • Your flippancy is out-of-line • You do not own NNPC • You’re bad advertisement for APC govt
• Petrol shortage sours Easter celebrations • NLC calls for minister’s resignation
The National Leader of the All Progressives Congress (APC) and former Lagos State Governor, Asiwaju Bola Ahmed Tinubu, has condemned comments by the Minister of State for Petroleum, Dr. Ibe Kachikwu “that he (Kachikwu) was not trained as a magician and that basically Nigerians should count themselves fortunate that the NNPC under his stewardship has been able to bring in the amount of petrol fuel it is currently doing. In a statement sent to The Guardian, and titled, ‘Kachikwu Needs To Know That Respect And Good Performance Will Do What Magic Cannot’, the former Lagos State Governor insisted he is “an avid and partisan supporter” of the President Buhari-led government and of the progressi…

Know: Iwobi hospitalised for food poisoning in Abuja

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Alex Iwobi and father, Chuka Iwobi in Abuja in 2015. PHOTO: NFF Super Eagles’ and Arsenal’s striker Alex Iwobi has been hospitalised inAbuja after falling ill from food poisoning after eating salad, Coach Samson Siasia said on Tuesday. “He suffered from food poisoning and so was not part of the training. But his condition is stable,” Siasia told a news conference. Iwobi, 19, was too sick to train with the rest of the Super Eagles squad ahead of Friday’s crucial Africa Cup of Nations qualifier against Egypt. His father, Chuka, who flew with him from London, has visited the young striker in hospital. Over the weekend, Iwobi crowned his first full Arsenal Premier League debut with a goal in a 2-0 win over Everton. He has played two friendly matches for Nigeria since he changed international allegiance from England.

Know: Why APC lost in Rivers

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Amaechi The PDP had governed Rivers uninterrupted between 1999 to 2013 when the then governor, Chibuike Amaechi, decamped to the APC. But then power returned to the PDP in 2015. The strength of party is in its numbers and this made it possible for the party to reach every constituent in the state to canvas for votes. I doubt if the APC possess the same numbers as the PDP who worked really hard to win voters back with their grassroots going around canvassing support” Hopes by the All Progressives Congress (APC) in Rivers State, to clinch some seats in the just concluded state and national assemblies polls, has turned out catastrophic for the party. So far, the ruling Peoples Democratic Party (PDP) in the state, has been declared winner in eleven state constituencies namely; Port Harcourt Akuku Toru 1, Omuma, Degema, Ahoada East 1, Ahaoda East 2, Emohua, Akuku – Toru 2, Obio- Akpor 1, Obio-Akpor 2 and Ogba/Egbema/Ndoni. The APC secured the Opobo constituency. The election that had gener…

Know: New Central Africa president takes on a country in ruins

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(FILES) This file photo taken on January 5, 2013 shows Central African Republic’s Prime Minister Faustin Archange Touadera taking part in a march for peace in Bangui.
The Central African Republic’s new president is set to take office on March 30, 2016 faced with the challenge of reconciling a divided population and rebuilding a shattered country. Former maths teacher Faustin-Archange Touadera, 58, was the surprise winner of February elections in the country that had been wracked by three years of communal violence. / AFP / SIA KAMBOU The Central African Republic’s new president takes office Wednesday, faced with the challenge of reconciling a divided population and rebuilding a shattered country. Former maths teacher Faustin-Archange Touadera, 58, was the surprise winner of February’s run-off election in the country that had been wracked by three years of communal violence. The spiral of unrest between Muslim and Christian militias has left thousands dead, displaced more than 400,000 …

Know: Egypt Air hijacker 'frees all on board except four foreigners, crew'

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An Egypt Air Airbus A-320 sits on the tarmac of Larnaca aiport after it was hijacked and diverted to Cyprus on March 29, 2016. / AFP / STR A hijacker who diverted an EgyptAir flight to Cyprus on Tuesday has released everyone on board except four foreign passengers and the crew, the airline said on Twitter. The company had earlier tweeted that five foreigners and the crew remained on board, after negotiations with the hijacker who commandeered the domestic flight to Larnaca airport. The identities of the foreigners was not immediately clear. Cyprus police said the hijacker had contacted the control tower at 8:30 am (0530 GMT) and the plane was given permission to land at 8:50 am. A crisis team was deployed to the airport, the main entry point for tourists to the Mediterranean resort island. The plane was parked on the tarmac away from the new terminal building but just 200 metres (yards) from a beach where dozens of foreign tourists were out. The aircraft was cordoned off by armed pol…

Know: FBI hacks attacker's iPhone, drops Apple suit

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CUPERTINO, CA – MARCH 21: The new iPhone SE is displayed during an Apple special event at the Apple headquarters on March 21, 2016 in Cupertino, California. Apple announced the iPhone SE and a 9.7″ version of the iPad Pro. Justin Sullivan/Getty Images/AFP The FBI has unlocked the iPhone used by one of the San Bernardino terror attackers, officials said Monday, ending a heated legal standoff with Apple that had pitted US authorities against Silicon Valley. Apple, backed by a broad coalition of technology giants like Google and Facebook, was fiercely opposed to assisting the US government in unlocking the iPhone on grounds it would have wide-reaching implications on digital security and privacy. A key court hearing scheduled earlier this month to hear arguments from both sides in the sensitive case was abruptly cancelled after the FBI said it no longer needed Apple’s help because it had found an outside party to unlock the phone. Syed Farook and his wife Tashfeen Malik killed 14 people…

Know: Cameroon doubts bomb girl's claim to be Chibok abductee

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Cameroonian soldiers stand post in the town of Fotokol, on the border with Nigeria, after clashes with Boko Haram insurgents on February 17, 2015 (AFP Photo/Reinnier Kaze) Authorities in Cameroon on Monday poured doubt on a would-be suicide bomber’s claim that she is one of the 276 Nigerian school girls kidnapped by Boko Haram jihadists in 2014. “We don’t think that she was one of the girls (kidnapped) from Chibok,” an administration official who requested anonymity told AFP, citing inconsistencies over her apparent age. The girl in question is one of two would-be suicide bombers arrested in northern Cameroon on Friday wearing 12-kilogramme (26-pound) explosives belts. Less than a month before the second anniversary of the brazen kidnapping which shook the world, 219 students from the northern Nigerian town of Chibok remain missing and there are few signs that the government is making progress on finding and securing their release. Nigeria is planning to send a delegation, including …

Know: Hijacked Egyptian airliner lands in Cyprus

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An Egypt Air Airbus A-320 sits on the tarmac of Larnaca aiport after it was hijacked and diverted to Cyprus on March 29, 2016. / AFP / STR A hijacker seized an Egyptian airliner on Tuesday and diverted it to Cyprus, triggering a hostage crisis at Larnaca airport on the south coast, Cypriot police said.
Egyptian civil aviation said the hijacker had threatened to detonate an explosives belt. The hijacker contacted the control tower at 8:30 am (0530 GMT) and the plane was given permission to land at 8:50 am, Cyprus police said. A crisis team was deployed to the airport, the main entry point for tourists to the Mediterranean resort island. The hijacker made no immediate demands and later allowed Egyptian passengers to disembark, Cypriot state television reported. The Egypt Air plane was headed from the Mediterranean coastal city of Alexandria to Cairo with 81 passengers on board when it was seized, Egyptian civil aviation said. The airline tweeted: “Our Flight MS181 is officially hijacked…

Know: Dollar up on yen ahead of Yellen speech

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The dollar advanced against the yen and euro on Tuesday but edged broadly lower against other Asian currencies as dealers await a speech by Federal Reserve chief Janet Yellen. Yellen’s talk in New York later in the day comes after the bank earlier this month lowered its forecasts for lifting borrowing costs this year citing concerns about the impact on the US economy of market turmoil in January and February. Her comments will be pored over to see if she sheds any light on Fed interest rate policy thinking, after the US central bank in December lifted key interest rates for the first time in nearly a decade. A recent run of strong US data — including Friday’s better-than-expected fourth-quarter GDP growth — have raised chances of a fresh increase sometime soon, although analysts said disappointing inflation and consumer spending figures Monday dampened expectations. “The probability of the Fed chair being overly upbeat and hawkish is low,” Chris Weston, Melbourne-based chief market s…

OGOMU EBUEMOO by Onyeoma Tochukwu Nnamani

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NWA BU NWA by Onyeoma Tochukwu Nnamani

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NKANU EBUKA by Onyeoma Tochukwu Nnamani

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NDU BU ISI AKU by Onyeoma Tochukwu Nnamani

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NDI OMA NA MALAYSIA by Onyeoma Tochukwu Nnamani

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IJE UWA by Onyeoma Tochukwu Nnamani

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IKE AGWUGO NDI ILO by Onyeoma Tochukwu Nnamani

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EZI OGOLI NWAYI by Onyeoma Tochukwu Nnamani

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Read now - NNPC versus endless allegations of unremitted funds

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• Firm Denies Wrongdoing, Admits Owing N326b • Adeosun Moves To Reconcile Remittances
• All Govt Revenue Must Go To TSA, Says Eweagbara
Again, Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), is in the news for the wrong reasons. The Office of the Auditor General of the Federation in its latest Government Accounts Report accused the company of not remitting a whopping N3.2tn, being a part of oil minerals revenue collected on behalf of the country in 2014, to government. The auditor general’s office alleged that the NNPC failed to pay the sum into the jointly-operated Federation Account to be distributed at the Federation Account Allocation Committee (FAAC) meetings in the year in question. But the NNPC has, in a swift reaction, denied the allegation, describing it a hoax, which it believes is in the mold of similar false accusations in the past that are yet to be substantiated. It would be recalled that about three years ago, apart from the usual alle…

Read now - Naira Depreciation: blame governors’ forum

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SIR: The naira has been on a steady decline for the past few months. The disparity between rates at the Central Bank of Nigeria (CBN) and that of the parallel market is as clear as the difference between day and night. Many economic analysts and keen followers of the economy have blamed the situation on factors varying from the fall in oil prices to the depletion of the Excess Crude Account and the role of the Bureaux de Change (BDCs). It would be recalled that former Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala had a run-in with the 36 governors under the auspices of the Nigeria Governors Forum. Against her advice, significant portions of the Excess Crude Account (ECA) were used to augment monthly allocations to local and state authorities. The states had maintained that rainy days were already at hand and in fact (the rain) was already pouring, so the money needed to be used right away. This rash nature of the governors, who always want to sp…