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Just In: Oil, power firms owe Nigerian banks N5.83tn – NBS

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The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this year, according to the National Bureau of Statistics.

The N5.85tn represents 29.44 per cent of the N19.87tn loans advanced to the private sector as of the end of September.

Oil and gas firms, which received the biggest share of the credit from the banks, increased their debt by N180bn to N5.12tn in Q3 from N4.94tn in Q2.

The total debt owed by power and energy firms to the banks rose to N732.68bn in Q3 from N712.93bn in the previous quarter, the NBS data showed.

The amount of non-performing loans in the oil and gas sector declined by N30.53bn to N238.26bn in Q3 from N268.79bn in Q2.

The bad loans recorded by banks in the power sector rose by 6.17 per cent to N32.71bn from N30.81bn.

A global credit rating agency, Fitch Ratings noted in a December 8 report that Nigerian bank asset quality had historically fallen with oil prices, with the oil sector representing 28 per cent of loans at the end of the first half of 2020.

It said the upstream and midstream segments (nearly seven per cent of gross loans) had been particularly affected by low oil prices and production cuts.

“However, the sector has performed better than expected since the start of the crisis, limiting the rise in credit losses this year due to a combination of debt relief afforded to customers, a stabilisation in oil prices, the hedging of financial exposures and the widespread restructuring of loans to the sector following the 2015 crisis,” it said.

The rating agency predicted that Nigerian bank asset quality would weaken over the next 12 to 18 months.

It said debt relief measures had prevented a material rise in impaired loans in 2020.

Fitch, however, forecasted that the average impaired loan ratio would range between 10 per cent and 12 per cent by the end of 2021 as these measures come to an end.

The Nigerian Electricity Regulatory Commission, in its latest quarterly report, said the financial viability and commercial performance of the Nigerian electricity supply industry continued to be a major challenge.

PSG wait on Neymar return ahead of Lille showdown

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Paris Saint-Germain are hoping to have Neymar back in time for their top-of-the-table clash at Lille on Sunday, as the Brazil superstar looks to have recovered quicker than expected from what looked like a bad ankle injury.

Coach Thomas Tuchel said “for Neymar we will do everything” after Wednesday’s 2-0 win over struggling Lorient, which put the champions second and keeps them just a point behind Ligue 1 leaders Lille.

Neymar had already revealed the injury, which came after a rough Thiago Mendes tackle during last weekend’s 1-0 home loss to Lyon, was not as bad as initially thought.

However, such a speedy return still seemed unlikely until Tuchel revealed he could yet feature at the Stade Pierre Mauroy.

“I can’t say ‘No, he’s not playing against Lille’. It is possible. We can try, we will try everything,” Tuchel said.

His return would be a huge boost to PSG’s morale after a strife-ridden opening few months of the season which has led to speculation over Tuchel’s future.

A win on Sunday would put the capital city side back on top of the pile after they moved above Lyon in the midweek round of fixtures, with a five-match winning-streak for Rudi Garcia’s side coming to an end with a dramatic 2-2 draw with Brest.

PSG’s other major title rivals Marseille host Reims on Saturday as they lurk five points back but with a game in hand.

Fourth-placed Marseille go into the weekend having lost ground in the title race following a 2-1 defeat at Rennes, who have won two on the bounce after a miserable run in which they lost seven of their previous eight in all competitions.

There appears to be some tension in the Marseille camp after coach Andre Villas-Boas launched an attack on a journalist at French newspaper La Provence.

According to witnesses the Portuguese boss targeted the reporter with threats of “I’ll get you” and criticised their work during the post-match press conference.

The row, apparently over an article which slammed Villas-Boas’ career record in the Champions League following their dismal effort in this year’s competition, then carried on outside Rennes’ Roazhon Park as the reporter and coach faced each other down.

Lille, meanwhile, seem confident they can maintain their slight hold on the summit and make this a true title race in a league now used to PSG dominance.

The northern outfit seem to be unworried by a potential change in ownership, with president Gerard Lopez saying he would “completely withdraw” from the club if a bid from a Luxembourg investment fund is accepted.

“Both teams are tired, Paris might have more quality but in one game everything is there to play for,” said coach Christophe Galtier.

Player to watch: Yusuf Yazici

Turkey’s Yazici continued his impressive recent form on Wednesday when he scored the opening goal in Lille’s 2-0 win at Dijon.

The 23-year-old showed the composure that has seen him score five times in just three Ligue 1 starts, and six in as many Europa League appearances, when he slotted home Zeki Celik’s cutback in the 19th minute.

Yazici signed for Lille in the summer of 2019 but this has become the attacker’s breakout season, his two hat-tricks at Sparta Prague and AC Milan helping his side reach the Europa League last 32, where they will face four-time European champions Ajax.

Key stats

5 – goals that Yusuf Yazici has scored this Ligue 1 season

12 – the number of games Lyon have played since last losing

4 – PSG have already lost to Lens, Marseille, Monaco and Lyon so far this season

Fixtures (all times GMT)

Saturday

Metz v Lens (1600), Marseille v Reims (1800), Nice v Lyon (2000)

Sunday

Brest v Montpellier (1200), Dijon v Monaco, Strasbourg v Bordeaux, Nantes v Angers, Saint-Etienne v Nimes (all 1400), Lorient v Rennes (1600), Lille v Paris Saint-Germain (2000)

Border Reopening: Activities yet to commence at Seme, Illela

Twenty-four hours after the Federal Executive Council, declared four of the nation’s land border open, activities are yet to resume at the Illela border, linking Sokoto State in Nigeria to Konni, Niger Republic.

Also, Nigeria’s land border with Benin Republic at Seme, near Badagry, Lagos State, remained closed, more than 24 hours after the Federal Government announced its reopening on Wednesday.

At a chance meeting on his way out of the Illela Customs headquarters, the Comptroller General, Sokoto/Zamfara command, Ma’aji A. A, explained that no directive has been given officially.

“Yes, the government has declared some of the land borders open, but in administration, you know how things work. Here at Sokoto Nigeria Customs Command, we are yet to receive the signal.

“I am here to see the level of preparation for the reopening of the border. I am sure the traders are eager to return to their legitimate businesses.

“As soon as the reopening directive is communicated to us, we shall comply immediately,” he stated.

Also, human and vehicular movements across the border were restricted as the frontier remained under lock when visited on Thursday evening.

NAN reports that intending travelers were denied exit at Seme by officials of Nigeria Immigration Service who claimed that they were yet to get a formal directive to reopen the border.

An official of Nigeria Customs Service, who pleaded anonymity, told NAN that security agencies were still expecting official directives to reopen the border.

“We heard about the reopening of the four land borders from the news on Wednesday, but we are still waiting for directives from the head office in Abuja.

“We can not just open the border like that. As you can see, when the border was closed they introduced the Joint Border Patrol which comprises of Army, Immigration, Police, and Customs.

“Anytime they ask us to open the border, we will open it,” he said.

NAN also reports that movement restrictions and checking of goods and vehicles remained in place at more than 20 checkpoints were mounted by Customs, Immigration, and Police along Badagry Expressway.

Also, commercial activities were yet to pick up at the Seme market due to the continued closure of the border.

A trader at the popular Seme market, Mrs Funke Senapon, appealed to the Federal Government to order the officials to reopen the border.

Tertiary Education: TETFund proposes N8.5bn research fund for 2021

The Board of Trustees of the Tertiary Education Trust Fund has approved an increase of the national research fund from N7.5 billion to the tune of N8.5 billion in 2021.

The organisation also announced a total of N5 billion in special intervention to the University of Lagos to be captured in the 2021 budget.

The Chairman, TETFund Board of Trustees, Alhaji Kashim Imam, said these in Abuja on Thursday during a two-day capacity-building workshop for heads of beneficiary institutions and staff of TETFund centres of excellence.

According to him, the intervention for UNILAG which was on the orders of the President, Major General Muhammadu Buhari (retd.), was also carried out in the University of Abuja in 2020.

He stressed the importance of research as a prerequisite for national development, adding that no nation can develop without research.

Speaking on the academic development programme of the fund, Imam warned that if the country funded infrastructure without research and scholarships, the institutions would only be half-fulfilled.

He announced that TETFund would add another 12 centres of excellence next year and allocate N1billion to each.

“Six state Universities and six polytechnics will be added to the centres of excellence next year, and 70 per cent of the funds will be for research funding,” he said.

Also speaking, the Executive Secretary of TETFund, Prof. Suleiman Bogoro, said, “Within the five-year gestation period of the TCOE Project, we await success stories and manifest achievements that will stretch the limits of our expectations.

“The R&D and innovation flame has been ignited in Nigeria, thanks to our modest efforts, but the future of this initiative and the possibility of the R&D flame developing into a raging inferno that transforms the research landscape in Nigeria rests squarely on your shoulders”, he stated.

Robert Lewandowski Beats Ronaldo And Messi, Named World’s Best

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The 2020 FIFA Best Men’s and Women’s Players of the Year were announced during a virtual ceremony broadcast from Zurich, Switzerland, on Thursday.

Bayern Munich striker Robert Lewandowski beat off competition from Juventus’ Cristiano Ronaldo and Lionel Messi of Barcelona to take the Men’s award. The FIFA Awards became a stand-alone event in 2016 and Cristiano Ronaldo took home the first two trophies. Last year the winner was Lionel Messi and in 2018 it was Real Madrid and Croatia midfielder Luka Modric.

Lewandowski was named the UEFA Men’s Player of the Year in October and World Soccer’s top player earlier this month. He scored 57 goals in 47 club games in the 2019-20 season.

Manchester City’s Lucy Bronze became the first defender to be named the Best Women’s Player of the Year. A year ago, Bronze made the final three but lost to Megan Rapinoe in FIFA polling.

Chelsea forward, Pernille Harder, and Lyon captain Wendie Renard completed the shortlist this season – it was the same final three for the UEFA Awards.

Coach Awards

The two coaching awards went to Jurgen Klopp of Liverpool, for the second straight year, and to Sarina Wiegman, head coach of the Dutch women’s national team.  

Emma Hayes of Chelsea and Jean-Luc Vasseur of Olympique Lyon finished behind Wiegman who will take over the England squad in 2021. Hans Dieter-Flick of Bayern Munich lost on a tie-breaker to Klopp and Leeds United’s Marcelo Bielsa was the other contender.

Three other individual winners were announced along with a Fair Play Award and the FIFA FIFPro Men’s and Women’s Best 11 was also announced.

Three other individual winners were announced along with a Fair Play Award and the FIFA FIFPro Men’s and Women’s Best 11 was also announced.

Best FIFA Men’s Goalkeeper

Bayern Munich’s Manuel Neuer added the FIFA Best to his selection as the UEFA Goalkeeper of the Year. Last year’s winner, Alisson Bekker of Liverpool, and perennial contender Jan Oblak of Atletico Madrid were also shortlisted.

Best FIFA Women’s Goalkeeper

Sarah Bouhaddi of France and Olympique Lyon won the award for the Best Women’s goalkeeper although oddly, she did not make the Best 11.  Bouhaddi has won 10 French titles and 7 UEFA Women’s Champions League winner’s medals with Olympique Lyon.

Christine Endler of Chile and Paris St. Germain) was named to the Best 11 and Alyssa Naeher (of the Chicago Red Stars completed the final three.  

Dutch captain Sari van Veenendaal won the award in 2019. She was the first ever recipient of the Women’s award.

FIFA Ferenc Puskás Award

The FIFA Ferenc Puskás Award for the Best goal scored in the world over the last year went to Son Heung-min. He scored an outrageous goal for Spurs against Burnley in a Premier League match in December. What’s more, VAR didn’t come in to it!

Giorgian De Arrascaeta and Luis Suarez made the shortlist of three.

The FIFA FIFPro Best 11 were selected from shortlists of 55 players announced earlier and the voting was from fellow professionals using a 4-3-3 formation.

Men’s Best 11

GK – Alisson Becker

Defense – Trent Alexander-Arnold, Sergio RamosVirgil van Dijk, Alphonso Davies

Midfield – Kevin de Bruyne, Thiago Alcantara, Joshua Kimmich

Forwards –Lionel Messi, Robert Lewandowski, Cristiano Ronaldo

Players in bold were also selected in 2019. Messi and Ronaldo have been named to every world 11 since 2007 and this was the 14th time Messi and Ronaldo have made the 11.

Women’s Best 11

GK – Christiane Endler

Defense – Lucy Bronze, Wendie Renard, Millie Bright, Delphine Cascarino

Midfield – Barbara Bonansea, Veronica Boquete, Megan Rapinoe

Forwards – Pernille Harder, Vivianne Miedema, Tobin Heath

Players in bold were also selected in 2019.

FIFA Fan Award

A worldwide poll limited to fans, voted on the FIFA Fan Award. The nominations were James Anderson, Colombian Fans, and Marivaldo Francisco da Silva.

Scottish philanthropist James Anderson donated around $4 million in 2019 to help clubs struggling to make ends meet during the pandemic. Colombian soccer fans’ response to Covid-19 was to collect and distribute food to the countries most vulnerable citizens.

The winner was Sport Club do Recife supporter Marivaldo Francisco da Silva who does not miss a home game despite having to walk over 60 kilometers each time.

FIFA Fair Play Award

The FIFA Fair Play Award went to teenager Mattia Agnese who administered first-aid to an opposition player after a collision. The player lost consciousness but was saved by Agnese’s effort.

How to link your phone number with NIN

The Nigerian Communications Commission (NCC) has given telecommunications operators in the country two weeks to block all SIM cards that are not registered with the National Identity Numbers (NIN).

Failure to do so will lead to your line being blocked or disconnected by the 31st of December 2020.

However, to avoid going into a new year with a blocked sim, please read through this article carefully.

What is NIN?

NIN is a set of eleven digits assigned to an individual, by The National Identity Management Commission (NIMC), upon successful enrolment.

Enrolment consists of the recording of an individual’s demographic data and capture of the ten (10) fingerprints, head-to-shoulder facial picture, and digital signature.

The information is used to cross-check existing data in the National Identity Database to confirm that there is no previous entry of the same data.

How to Get your NIN?

If you have registered for your NIN, you should have your slip with you.

However, if you have misplaced it, you have to pay N500 through REMITA at any bank nearest to you; provide your Remita Teller to any NIMC Enrolment Centre (ERC) near you and request for a NIN slip print.

Alternatively, you can use the NIMC USSD service to retrieve it by following these steps:

How To Get Your NIN

Dial *346#; from the options displayed, select “NIN Retrieval”, by typing in ‘1’, if you are using the same phone number you enrolled with for your number.

Follow the steps displayed on your screen and provide the required inputs

Note: Using this service attracts N20 (twenty naira) fee-only (deducted from your phone credit balance).

However, Glo users might encounter some difficulties, a message from the service provider at about 10: 53 am today stated that their subscribers would not be able to retrieve NIN for now:

The message reads: “The code to verify your NIN is *346 on the registered mobile number. This service cost N20. However, you would be unable to retrieve your NIN on Glo for now. Sorry for this inconvenience.”

How to Link Your Phone Number With Your NIN

Linking your phone number to your number is very easy.

For MTN users, simply dial *785# and get it done in few seconds.

For other lines, simply visit the nearest office of your service provider (be it Glo, 9mobile, and Airtel) to register/link your NIN.

Just go along with NIN and your SIM pack. If you do not have your SIM pack, you probably should be prepared to swear an affidavit.

To be on the safer side, you can call your service provider’s customer care.

2023: Atiku kick-starts Campaign Support Groups Across Nigeria

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-The 2023 presidency battle has started already for Atiku Abubakar

– The former vice president has rolled out his campaign support group throughout the country

– As one of its major focus, the group aims to improve the welfare of Nigerian youths 

In an earlier preparation for the 2023 presidential election, former vice president Atiku Abubakar has kick-started his support groups in all states of Nigeria. 

The campaign body named Atiku Support Group was inaugurated in Abuja on Thursday, December 17, under the chairmanship of its director-general, Atiku Aminu Mohammed, 

According to the North-Central coordinator of the group, Anngu Orngu, the campaign organisation has as its major interest the welfare of Nigerians, especially the youths, an objective enshrined in the former vice president’s national development agenda.

Atiku has inaugurated his campaign support groups with chapters in all states ahead of 2023 elections (Photo: @atiku)

Source: Twitter

Speaking on this aspect of the body’s vision, Orngu said: “Improving the livelihood of Nigerians is of utmost priority to Atiku Abubakar. He has demonstrated this in numerous capacities which is why we the Nigerian youth want him to be president come 2023.

“We will not rest till he is elected the president of Nigeria. If he is elected as the president of Nigeria, he will be pro-active in addressing the insecurity challenges facing the country, attract foreign investments and give support to millions of small and medium scale enterprises in addition to 40% youth inclusiveness in government.”

Meanwhile, the opposition Peoples Democratic Party (PDP) had denied allegations that it had abandoned Abubakr for anot.”her candidate ahead of 2023 general election. 

The PDP chairman, Uche Secondus, issued the denial after meeting with some of the opposition governors in Bauchi. Secondus noted that the party is being democratic and would ensure that everybody that is eligible to contest for the party’s candidacy will do so.

He said: “This party is very democratic. There is no room for discrimination. Everyone who is qualified, both young, old, governors and non-governors, is qualified and will have the opportunity to contest and we have the space for everyone. If you win you become our candidate

Eastern Security Network: Igbo Elders Move Against Nnamdi Kanu

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South East elders, under the aegis of Conference of Igbo Elders for Peace and Development, have condemned the formation of a new security outfit in the region by Nnamdi Kanu, leader of the Indigenous People of Biafra.

The elders also tasked South-East Governors in the region and Ohanaeze Ndigbo to rise against the IPOB action

The group further tasked the Governors and Igbo leaders to lead way for the region’s security similar to Amotekun in the South West

Igbo elders decried the security outfit, describing it as illegal asking the governors to immediately move against the action.

The elders also called on the leadership of Ohanaeze Ndigbo not only to denounce Kanu’s action but advise people of the region against falling prey to Kanu’s illegal activities.

Also, they charged the “South-East governors and businessmen in the region to pull resources together and form a security outfit like Amotekun or civilian JTF backed by law, which can be controlled and be effective.”

The Igbo elders said while they recognize the desire of the people to protect themselves through community policing, given the worsening security problems in the country, it must be done within the country’s established laws.

The South East elders operating under the aegis of Conference of Igbo Elders for Peace and Development, in a statement, said Kanu’s action does not have their blessings and asked Nigerians to see his action as personal and not representing the region.

In the statement signed by Dr Festus Edochie, National President and Barrister (Mrs) Esther Amadi, National Secretary of the group, the elders said its attention to the inglorious activities of Mr Kanu was drawn to a trending video of some misguided youths armed with prohibited firearms and dangerous weapons.

“We observe with utmost shock and concern a disturbing video of a group of some misguided youths codenamed Eastern Security Network, bearing arms and circulating on social media.

“In the said video, the group which claimed to be operating somewhere in Anambra State carried Ak-47 and other dangerous weapons under the guise of providing security against violent crimes being committed by herdsmen in the region.

“We condemn this group and its activities in its entirety and call on all South-East governors and well-meaning Ndigbo to come out and condemn this act of criminality being sponsored by a self-appointed leader of a proscribed Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu,” they said in the statement.

The Igbo elders said, “While we recognize perfectly the yearning and desire of every Nigerian today for community policing and self-security due to the insecurity in the country, we insist that it must be done in accordance with the law of the land and by the right people who are legally empowered to do so.”

“No group or individual has the legal right to bear prohibited firearms of that nature without the proper backing of the law. Hence we must all rise in the South East to not only condemn but also distant ourselves from this act without delay,” they added.

“No doubt, the current security architecture of Nigeria has failed and Nigerians deserve to protect themselves but that must be done within the premise of the law.

“We are Nigerians and cannot form a parallel security arm that bears prohibited firearms for any reason in our region.

“It is not in the place of IPOB to organize such a group armed with automatic weapons, no lawful country or citizen will support that, even the civilian Joint Task Force which is supported by law with members assisting in fighting terrorism in Borno State and other parts of North East don’t use automatic weapons.

“In the South West, also Amotekun which is lawfully set up by the authorities in the region does not use automatic firearms.

“Bearing prohibited firearms under any guise is unacceptable,

“Only Dane guns and pump-action rifles can be licensed in Nigeria. We have restrictions in Nigeria on the use of firearms and nobody is above this law. Criminals use these illegally,” the statement further read.

They noted that “The obvious gap in our national security notwithstanding, a proscribed organization like IPOB does not have the right to arm a group of young men with automatic weapons in the name of a security network or any nomenclature. It is totally unacceptable and must be resisted by all Ndigbo of goodwill.

“We are therefore calling on all the South-East governors and businessmen in the region to pull resources together and form a security outfit like Amotekun or civilian JTF backed by law, which can be controlled and be effective.

“Finally, we wish to call on the South-East governors, Ohaneze Ndigbo and other well-meaning groups to come out to condemn the act of criminality that may spark unrest in the region thus portraying Ndigbo as bad and lawless people.

“We further appeal to all Nigerians not to see this act of criminality as an Igbo agenda, but a deliberate act by a fugitive criminal, Mazi Nnamdi Kanu, to gain popularity and earn his daily bread from his sponsors,” the statement further read.

Lagos directs public, private schools to vacate on Friday, December 18

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The Lagos State Government has directed public and private schools in the state to vacate on Friday, December 18, 2020.

According to tweet post by Senior Special Assistant to Lagos State Governor on New Media, Jubril Gawat, this was contained in a statement released on Thursday by the Director-General, Office of Education Quality Assurance, Ministry of Education, Mrs Abiola Seriki-Ayeni.

In the statement, Abiola Seriki-Ayeni disclosed that the 2020/2021 first term academic session for public and private schools comes to an end on Friday, December 18, 2020.

The statement partly reads:

  • The Lagos States Government has directed public and private schools in the state to vacate on Friday 18th December 2020. Therefore, all public and private schools below the tertiary level in the state are to close for the Christmas and New Year holiday on that day. Schools are to resume back on Monday 4th January 2021 in compliance with the Lagos State harmonized academic calendar. It is important to note that boarders are to resume on Sunday 3rd January 2021 while academic activities commence immediately.’’

The statement also directed that all schools must ensure that they submit their safety plans to the Office of Education Quality Assurance website: oeqalagos.com

The Lagos State Government advised parents to ensure strict adherence to COVID-19 safety protocols at home, while all school proprietors and school administrators were enjoined to also ensure compliance with COVID-19 safety protocols when schools resume for 2nd term.

What you should know

This directive from the Lagos State Government might be connected to the upcoming Christmas and New year celebrations.

The schools which just reopened after a long period of shutdown are trying to harmonize the academic calendar of the state which was disrupted by the outbreak of the coronavirus pandemic.

Alaska Health Workers Experience Allergic Reaction To Pfizer’s COVID Vaccine

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A health worker in Alaska suffered a serious allergic reaction after getting Pfizer-BioNTech’s COVID-19 vaccine and is now hospitalized but stable, a report said Wednesday.

The New York Times reported that the person received their shot on Tuesday, and Pfizer confirmed that the company was working with local authorities to investigate the incident.

Two health workers in Britain had similar allergic reactions, causing the government there to tell people to avoid getting the shot if they had a history of severe allergies.

The US regulator issued an emergency approval with the warning that people who had known allergies to ingredients inside the vaccine should avoid it.

“We don’t yet have all the details of the report from Alaska about a potential serious allergic reactions, but are actively working with local health authorities to assess,” a Pfizer spokesperson said.

“We will closely monitor all reports suggestive of serious allergic reactions following vaccination and update labeling language if needed.”

Volunteers for Pfizer’s clinical trial of 44,000 people were excluded if they had a history of allergic reactions to vaccines or components of the COVID-19 vaccine.

Overall, the trial found no serious safety issues, but regulators and the company are continuing to monitor for adverse events after vaccination.