Thursday, December 28, 2017
Video - Nigeria's fuel scarcity gradually fading out
The long lines at petrol stations in Nigeria are gradually thinning out as normalcy begins to return in the distribution of products to petrol stations. Africa's largest oil producer has been battling severe petrol scarcity over short fall in supply to filling stations. But the State run Nigeria National Petroleum Corporation, NNPC, has ramped up supply and the situations is beginning to show small sign of improvement.
Friday, December 22, 2017
Video - Record low sales for traders in Nigeria in run-up to Christmas
As Christmas approaches, many families in Nigeria are struggling to celebrate the holidays, with the country just emerging from a recession this year and majority of civil servants facing continued salary delays. Traders in the capital city say business is slow and that they are expecting subdued festive shopping this year. Here's Alexandria Majalla with more details.
Video - Nigeria becomes first in Africa to issue Sovereign Green Bond
Nigeria has become the first country in Africa to issue a Sovereign Green Bond and the fourth nation in the world to do so after Poland, France and Fiji. The 10.69 billion naira five-year green bond is expected to settle by Friday. And that's when we will know if investors have really warmed up to the Bond. The country's Debt Management Office has listed the Bond on the Nigerian Stock Exchange. Moody's Investors Service has also assigned a Green Bond Assessment of "excellence" to the issuance. Deji Badmus has been speaking with a member of the Investment bank, Chapel Hill Denham, who is the financial adviser on the Bond.
Malaysia set to hang 2 Nigerians for drug crimes
A court in Malaysia has sentenced two Nigerian students to death by hanging for trafficking hard drug.
A High Court Judge, Datuk Abdul Halim Aman sitting in Shah Alam ruled that Mustafa Azmir, 28, and Jude Nnamdi Achonye, 30 be hanged after convicting them.
Their ordeal started three years ago when the two students of a private university in Kuala Lumpur were arrested for being in possession of several boxes that contained 3.5kg of methamphetamine.
They were accused of trafficking the drugs at an apartment in Petaling Jaya at 3.30pm on September 2, 2014 which is an offense under Section 39B (1) (a) of the Dangerous Drugs Act 1952 of Malaysia.
In his ruling, the judge said the prosecution had proven a prima facie case against the convicts and the court had studied testimonies from 13 prosecution witnesses and two defence witnesses, alongside 73 exhibits tendered during the trial.
"The defence had failed to raise reasonable doubt at the end of this case and presented no testimony that thoroughly refutes the prosecution. Besides that, there were also discrepancies in testimonies of the accused and their defence only amounted to denial without concrete evidence," he said.
Mustafa and Achonye were represented by lawyer Leonard Anselm Gomes while Deputy Public Prosecutor Mohammed Rehan Mohammed Aris represented the prosecution.
A High Court Judge, Datuk Abdul Halim Aman sitting in Shah Alam ruled that Mustafa Azmir, 28, and Jude Nnamdi Achonye, 30 be hanged after convicting them.
Their ordeal started three years ago when the two students of a private university in Kuala Lumpur were arrested for being in possession of several boxes that contained 3.5kg of methamphetamine.
They were accused of trafficking the drugs at an apartment in Petaling Jaya at 3.30pm on September 2, 2014 which is an offense under Section 39B (1) (a) of the Dangerous Drugs Act 1952 of Malaysia.
In his ruling, the judge said the prosecution had proven a prima facie case against the convicts and the court had studied testimonies from 13 prosecution witnesses and two defence witnesses, alongside 73 exhibits tendered during the trial.
"The defence had failed to raise reasonable doubt at the end of this case and presented no testimony that thoroughly refutes the prosecution. Besides that, there were also discrepancies in testimonies of the accused and their defence only amounted to denial without concrete evidence," he said.
Mustafa and Achonye were represented by lawyer Leonard Anselm Gomes while Deputy Public Prosecutor Mohammed Rehan Mohammed Aris represented the prosecution.
Nigeria rejects President Donald Trump’s decision on Jerusalem
Nigeria was among the 128 countries, which voted against the decision of President Donald Trump, to recognise Jerusalem as the capital of Israel.
The voting took place at the UN General Assembly.
The countries on the opposing side stood their ground, despite Trump’s threat to cut off funding to them.
Thirty-five countries abstained, while nine tiny countries including Togo, voted along with US.
The resolution insisted that the status of Jerusalem must be resolved through negotiations.
Speaking ahead of the emergency session, Nikki Haley, US ambassador warned the general assembly that the United States “will remember this day”.
“America will put our embassy in Jerusalem. No vote in the United Nations will make any difference on that.
“But this vote will make a difference on how Americans look at the UN and on how we look at countries who disrespect us in the UN.
“When we make generous contributions to the UN we also have a legitimate expectation that our goodwill is recognised and respected,” Haley said.
The status of the Holy City is one of the thorniest issues in the Israeli-Palestinian conflict, with both sides claiming it as their capital.
The voting took place at the UN General Assembly.
The countries on the opposing side stood their ground, despite Trump’s threat to cut off funding to them.
Thirty-five countries abstained, while nine tiny countries including Togo, voted along with US.
The resolution insisted that the status of Jerusalem must be resolved through negotiations.
Speaking ahead of the emergency session, Nikki Haley, US ambassador warned the general assembly that the United States “will remember this day”.
“America will put our embassy in Jerusalem. No vote in the United Nations will make any difference on that.
“But this vote will make a difference on how Americans look at the UN and on how we look at countries who disrespect us in the UN.
“When we make generous contributions to the UN we also have a legitimate expectation that our goodwill is recognised and respected,” Haley said.
The status of the Holy City is one of the thorniest issues in the Israeli-Palestinian conflict, with both sides claiming it as their capital.
Subscribe to:
Posts (Atom)