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Monday, October 10, 2016

Cattle rustlers kill 3,000 vigilantes



The Katsina State Command of the Vigilante Group of Nigeria, says over 3,000 of its member have been killed by cattle rustlers operating in the state over the last three years.

Osun failure: Tension over possible mass protest in schools



Femi Makinde, Osogbo
The failure of about 28,000 students of Osun State public secondary schools in the unified examinations to pick students, who will sit the next West African School Certificate Examination, is causing a serious tension across the schools in the state.

Policeman escorts robbery suspects to sell loot



Afeez Hanafi
The Lagos State Police Command has arrested two members of a robbery gang for allegedly attacking a polythene producing company in Alibaba, in the Isashi area of the state, stealing a raw material evaluated at N6.4m.

Sexual comments: US professional athletes blast Trump



Several American professional athletes slammed Donald Trump on Sunday after the Republican presidential nominee tried to dismiss his sexual comments about women by describing them as “locker-room talk.”

2017 budget: How feasible is $42.5pb oil benchmark?



  • Prof. Adeola Adenikinju, Director, Centre for Petroleum, Energy Economics and Law, University of Ibadan
No model can readily project what the price of crude oil will be. Over the years, the price of oil has hovered between $43 and $45pb on the average. In my view, $42.5 is suitable given some recoveries that are expected to take place in some of the energy consuming countries. Attempts to put OPEC and non-oil producing countries together to regulate the supply of oil could also make the oil price to be above $42 in 2017. With the predictions from the International Energy Agency and other international organisations, I think there are expectations that the price of oil will hover over $42. But

Samsung woes deepen over Galaxy Note 7



Samsung Electronics took another hit Monday over its recalled Galaxy Note 7 smartphone, acknowledging it was “adjusting production” of the device after major distributors stopped offering replacements because of continued safety concerns.
The South Korean electronics giant has struggled in the wake of its September 2 decision to issue a global recall for 2.5 million Note 7s because of complaints that the lithium-ion battery exploded while charging.

Spanish defender, Gerard Pique, sets retirement date



Controversial Spanish defender Gerard Pique insisted Sunday that he will end his international career after the 2018 World Cup.
The Barcelona star has come under regular fire for his performances on the field and his support off the pitch for his pro-Catalan stance.

Africa unites to battle pirates and illegal fishing



Africa will come together to battle piracy and illegal fishing for the first time at an African Union maritime security summit that kicks off in Togo on October 15.
The continent urgently needs to fight “extremely high stakes” piracy and illegal fishing in its waters by joining forces over policy and working to raise necessary funds, Togo’s Foreign Minister Robert Dussey told AFP ahead of the meeting.

Oliver Hart, Bengt Holmstrom win Nobel Economics Prize

British-American economist Oliver Hart and Bengt Holmstrom of Finland on Monday won the Nobel Economics Prize for their work on contract theory, the jury said.
“This year’s laureates have developed contract theory, a comprehensive framework for analysing many diverse issues in contractual design, like performance-based pay for top executives, deductibles and co-pays in insurance, and the privatisation of public-sector activities,” it said.

Trailer crushes suspected police escort in C’River

AN unidentified person suspected to be a police escort was on Friday crushed to death by a trailer that skidded off the road in Ugep, headquarters of Yakurr Local Government Area of Cross River State.

Where is $7bn CBN placed with 14 banks?



The report of 14 Nigerian banks which were appointed by the Central Bank of Nigeria as ‘Asset managers’ of Nigeria’s reserves was carried on the back page of The Guardian newspaper of October 5, 2006.  Festus Odoko, the CBN’s Head of Corporate Affairs, confirmed in the report that “already, deposits worth $7bn representing part of the CBN’s ‘share of foreign reserves’, presently estimated at about $38bn, had been released to the banking consortium”.

Today host suspended over Trump tape



NBC has suspended television personality, Billy Bush from the “Today’’ show after fallout over the host’s 2005 taped lewd conversation with U.S. Republican presidential nominee Donald Trump.
The development was captured on a show memo seen by Reuters on Sunday.

Kebbi owes NIPOST N19.5m



The territorial office of the Nigerian postal service in Kebbi state has appealed to the government to settle the backlog of N19.5 million owed it by the agencies in the state.
The Area Manager of NIPOST, Mr. Suwan Zaki, made the appeal in Birnin Kebbi on Monday while briefing newsmen as part of the activities to mark the World Post Day celebration.