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APGA Picks Army General As Candidate

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APGA Picks Army General As Candidate

As the deadline for the conduct of primaries ended on Sunday, the All Progressives Grand Alliance (APGA) has nominated retired Gen. John Ogbor as its presidential candidate for the 2019 elections.

Ogbor, who was elected during the party’s primary election held in Abuja, were a running mate, Mr Jerry Chukwueke, was also picked.

He said he was contesting for president in order to restructure the country so that it could become a developed nation.

“I want to be your president so as to fix Nigeria;my government will be unequivocally committed to a unified and prosperous nation where no one and no place will be left behind.

“Right now, Nigeria is confronted with many challenges such as insecurity ,unemployment ,poverty and illiteracy.

Ogbor said that the time had come for Nigerians to feel the impact of leadership.

He said that APGA would produce a leadership were all lives and property would be protected, adding that Nigerians needed not to despair because hope had come.

He said that he would transform Nigeria with his five point agenda of true federalism, social reconstruction and security.

He also listed economic reconstruction, youth and women empowerment as part of the agenda.

The National Chairman of the party, Dr Victor Oye, said Ogbor had satisfied the requirement of APGA’s constitution.

Oye said that the party would strive to ensure his victory in 2019.

He urged Nigerians to vote for APGA for a paadigm shift in the nation.

The News Agency of Nigeria (NAN) reports that Gen. Ogbor is a former Commandant of the Nigerian Army Education Corps.(NAN)

Alhaji Abdulkarim Usman, a former member representing Wamba Constituency at the Nasarawa State House of Assembly (NSHA), has emerged winner of the Peoples Democratic Party (PDP) ticket for the Akwanga/Nassarawa Eggon/Wamba Federal Constituency.

 

 

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Nigerian News

IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

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IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

The ability of airlines to forecast and avoid turbulence would now be greatly enhanced as the International Air Transport Association, IATA, has inaugurated a turbulence aware data resource.

IATA said the system would pool and share turbulence date generated by participating airlines. The global body for airlines said before now, airlines had to depend on reports and weather advisories from pilots to offset the impact of turbulence.

IATA says the result would be the first global, real-time, detailed and objective information for pilots and operation’ professionals to manage turbulence.

It is expected that airlines operating in Nigeria would participate and benefit from this new system.

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Nigerian News

Oil Price Stability Buoys Nigeria’s Budget Benchmark

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Oil Price Stability Buoys Nigeria's Budget Benchmark

Nigerian budget benchmark appears buoyed by oil price stability as a result of cuts in production levels to which OPEC members have agreed.

The benchmark of sixty dollars was eroded by sustained drops in price. The high for the year was eighty-six dollars which dropped to about fifty-eight dollars last week.

It rebounded to sixty-two dollars per barrel last week, just as the federal executive council was to hold an emergency meeting on how the price drops would affect the Nigerian budget.

Opec countries had agreed to reduce daily production by eight hundred thousand barrels, while non-OPEC members decided to reduce production by four hundred thousand barrels per day.

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Business News

CBN And MTN Plan To Settle $8b Rift Out Of Court

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CBN And MTN Plan To Settle $8b Rift Out Of Court

It seems as though the Central Bank of Nigeria and telco giant, MTN, are trying to find ways of resolving the $8 billion rift between them. One of MTN’s lawyers is quoted as saying they are making moves toward an out-of-court settlement.

Meanwhile, counsels for both parties have secured another adjournment until late January.

Another $2 billion case involving MTN and the Nigerian attorney general’s office was adjourned as well last week until early January.  This case is related to alleged back taxes owed by MTN.  The telco giant has denied it owed the taxes.

The $8 billion case was a result of a charge against MTN for allegedly violating Nigeria’s extant laws.  In August, Central Bank of Nigeria sanctioned MTN Nigeria for allegedly using irregular certificates of capital importation to transfer $8.1 billion to South Africa on behalf of its offshore investors.

MTN is being asked to return the $8.1 billion to Nigeria.

Mtn group’s Nigerian operations account for one-third of its entire African market share.

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