NAHCON Denies Allegations of 600 Nigerian Pilgrims Remaining Illegally in Saudi Arabia

The National Hajj Commission of Nigeria (NAHCON) has dismissed claims suggesting that over 600 Nigerian pilgrims illegally remained in Saudi Arabia following the recent Hajj pilgrimage.

Former Kaduna Central Senator Shehu Sani had raised concerns on social media, alleging that these pilgrims had stayed behind, which might lead Saudi authorities to impose stricter visa regulations.

Senator Sani’s tweet warned, “Over 600 Nigerians who traveled to Saudi Arabia for lesser Hajj have refused to return, which will likely result in tightened visa rules by Saudi authorities, affecting future travelers.”

In response, NAHCON’s Deputy Director of Public Affairs, Fatima Usara, stated there is no evidence from either Saudi or Nigerian authorities to support the claim. “We have not received any such communication from Saudi Arabia, nor from Nigeria’s Ministry of Foreign Affairs or Immigration Services,” Usara told The PUNCH.

This allegation comes shortly after President Bola Tinubu removed Jalal Arabi, the former Chairman of the Hajj Commission, amid accusations of mismanagement and the misappropriation of ₦90 billion in Hajj subsidy funds.

The 2024 Hajj pilgrimage saw 51,477 Nigerian pilgrims participating, each paying ₦6.9 million for the journey. The pilgrimage began on May 15, 2024, with the final return flight arriving in Ilorin, Kwara State, on July 16, 2024. Senator Sani’s claim suggests that the alleged 600 pilgrims have remained in Saudi Arabia for about six weeks since the pilgrimage concluded.

China works to better protect global bird migration routes

By Wen Cheng

Five nominated sites of the Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China (Phase II) were included as a serial extension of the property of the same name already listed on the World Heritage List by the United Nations Educational, Scientific and Cultural Organization (UNESCO).

The decision was made during the 46th session of the UNESCO World Heritage Committee held in New Delhi, India.

The newly admitted five sites were an estuarine wetland in Chongming, Shanghai; the Yellow River estuary in Dongying, Shandong province; a wetland area in Cangzhou, Hebei province; a national-level nature reserve in Dalian, Liaoning province as well as the Yalu River estuary in Dandong, Liaoning.

The Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China is located in the world’s largest intertidal wetland, serving as an important habitat for migratory birds along the East Asian-Australasian Flyway. 

This migration route stretches from Siberia-Alaska, passing East Asia, Southeast Asia, and South Asia before reaching all the way to Oceania. Spanning 22 countries, it’s the flyway with the richest bird diversity and the highest proportion of endangered species in the world. It provides indispensable breeding grounds, resting places, and wintering grounds for tens of millions of waterbirds.

Since the application to inscribe the Migratory Bird Sanctuaries along the Coast of the Yellow Sea-Bohai Gulf of China on the World Heritage List was made, the populations of several endangered bird species that use this region for seasonal stopover or breeding have remained stable or increased. 

In particular, species such as the Siberian crane, oriental white stork, black-headed Gull, and Chinese crested tern, which heavily depend on habitats within China during certain stages of their life cycle, have almost doubled in numbers during this period.

The Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China is located in a region along the Chinese coast that is economically developed and densely populated. It is surrounded by vast farmland and fish ponds, emerging towns, busy international waterways, and significant green energy infrastructure. It can be said that this is a World Heritage Site where humans and wildlife live side by side, and where the connection between humans and birds is palpable.

In 2021, a project aiming to restore bird habitats conducted in the first phase of the migratory bird sanctuaries in Yancheng, east China’s Jiangsu province was listed as one of the “100+ Biodiversity Positive Practices and Actions Around the World” together with other 18 initiatives at the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15).

In 2022, the 2nd Cycle of UNESCO World Heritage & Sustainable Tourism Programme – Chinese Pilot Studies was launched in Badou village located in the Tiaozini wetland of Phase I sanctuaries in Yancheng. Badou village was thus recognized as a base for coordinated world natural heritage conservation and community development.

The Phase I sanctuaries in Yancheng are currently leveraging ecological governance, study tours, and sustainable agriculture to organically integrate the ecological system within the heritage site and the socio-ecological system outside of it. This, in turn, will promote harmonious coexistence between humans and nature, based on the foundation of sustainable socio-economic development. 

The Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China will likely become a platform for shaping a new paradigm in the relationship between humans and nature.

Traditionally, most natural heritage sites were located in the upper reaches of water systems, where the inhabitants primarily played the role of guardians. However, the Phase I sanctuaries in Yancheng and the three estuary-type heritage sites included in the second phase of the Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China are all situated at the terminus of water systems.

Water systems are like veins, and freely flying birds are like cells. They closely connect heritage sites with surrounding farmland, fish ponds, and towns. From an ecological perspective, even those strictly protected core areas form an organic “community of life” with the broader systems upstream of heritage sites.

In this kind of relationship, heritage conservation is not just the responsibility of a small group of “guardians,” but rather an obligation of the broader community in the region – ideally, it should also become a way of life for the people. This means that more people will have the opportunity and necessity to participate in the conservation of heritage sites. 

The pilot and demonstration projects already initiated in Yancheng will provide valuable experiences for other regions.

How can people effectively manage the ecosystems around them, like protecting and managing the Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China, by utilizing their own wisdom and proactivity? When we can successfully address this question, we will be able to tackle many global ecological issues. The Migratory Bird Sanctuaries along the Coast of Yellow Sea-Bohai Gulf of China provides us with a unique platform for such practical endeavors.

(Wen Cheng is a member of the National Forestry and Grassland Administration’s World Heritage Expert Committee. He has been offering technical support for the application to inscribe the Migratory Bird Sanctuaries along the Coast of the Yellow Sea-Bohai Gulf of China on the World Heritage List since 2016.)

Brazil Deploys Military Aircraft as Wildfires Devastate São Paulo

The Brazilian government has mobilized military aircraft in an urgent response to severe wildfires sweeping across São Paulo state. With a state of emergency declared in 45 municipalities, dense smoke has disrupted daily life, including flight cancellations and road closures. The fires, exacerbated by prolonged drought, have claimed the lives of two factory workers and caused significant damage to farmland.

Military efforts include deploying a KC-390 Embraer aircraft for water drops, though operations have been hindered by thick smoke. São Paulo is facing its worst wildfire outbreak in decades, prompting the government to allocate funds to assist farmers impacted by the fires. The situation has been described as unprecedented, with many areas plunged into darkness by the smoke.

Nigerian Stock Market Update: Profit Taking and Mixed Sentiments Impact Year-to-Date Growth

Market Overview

  • Year-to-Date (YtD) Performance: The Nigerian Exchange (NGX) experienced a pullback last week due to profit-taking activities, which reduced the Year-to-Date growth of the stock market from 29.9% to 28.4%. The NGX All-Share Index (ASI) closed at 95,973.45 points, down from 97,100.31 points the previous week.
  • Market Capitalisation: The overall market capitalisation decreased slightly by over ₦2 billion, ending the week at ₦55.129 trillion, compared to ₦55.131 trillion the previous week.

Sector Performance

  • Gainers:
  • Oil and Gas Index: Up by 3.5%.
  • Insurance Index: Increased by 1.9%.
  • Banking Index: Rose by 0.4%.
  • Losers:
  • Industrial Goods Index: Declined by 4.9%.
  • Consumer Goods Index: Dropped by 1.4%.

Key Factors Influencing the Market

  • Profit Taking: Investors engaged in profit-taking across various sectors, especially in high-cap stocks, leading to a pullback in the market. This activity is part of a broader trend of sector rotation and portfolio rebalancing, as investors adjust to changing market conditions.
  • Economic Reforms and Volatility: The market is experiencing mixed momentum due to the ongoing economic reforms in Nigeria. While fiscal and monetary policies have been introduced, their impact has yet to fully stabilize the economy, leading to continued volatility in the market.
  • Oil Prices and Currency Depreciation: The fluctuating oil production and declining naira value have also contributed to market uncertainty, despite oil prices rebounding to just below $80 per barrel in the international market.

Corporate Updates

  • Regency Alliance Insurance: Announced a board meeting.
  • Oando: Completed a $783 million acquisition of ENI’s subsidiary, Nigerian Agip Oil Company.
  • Airtel Africa: Continued its share buyback program.
  • Jaiz Bank: Appointed a new non-executive director.
  • MTN Nigeria, Cutix, and Ucap: Informed the Exchange of insider dealings in their shares.

Market Outlook

Analysts expect the market to continue experiencing mixed sentiments, with opportunities for bargain hunting and profit-taking. Despite the market’s recent downtrend, some stocks are seen as undervalued, providing potential buy-low, sell-high opportunities for investors. Portfolio repositioning is likely to persist as investors seek value in an oversold market region.

Rising Cement Prices in Nigeria: Factors and Impacts

Key Factors Behind Price Increase

  • Production Costs: The cost of producing cement in Nigeria has surged by 121% due to various factors, including the depreciation of the naira and high inflation rates. These increases have significantly affected the profitability of cement manufacturers, even as their revenues have grown.
  • Smuggling: The illegal export of cement to neighboring countries like Chad and Cameroon, where prices are much higher (ranging from $120 to $150 per 50kg bag), is contributing to the rising cost of cement within Nigeria. The exchange rate exacerbates this, as the price in these countries translates to about ₦240,000 to ₦270,200 per bag, compared to the local price of ₦8,000 to ₦9,000.
  • Energy and Import Costs: A significant portion of the cement industry’s costs comes from energy consumption, which is indexed to the dollar, and the importation of critical components like gypsum and polypropylene bags. The volatility in exchange rates has further driven up these costs.

Impact on the Industry and End Users

  • Profitability: Despite an 84.5% increase in combined revenue for the top three cement manufacturers (Dangote Cement, Lafarge Africa, and BUA Cement), profitability has declined by 4.1% due to the steep rise in production costs.
  • Consumer Strain: End users, particularly block molders and builders, are feeling the pinch. The high price of cement, which now averages ₦8,000 to ₦9,000 per bag, coupled with a decline in purchasing power, has made construction more challenging.
  • Calls for Government Intervention: Industry stakeholders, including the National Association of Block Moulders of Nigeria (NABMON), are urging the government to reduce import duties on cement manufacturing components to attract more foreign investment and help stabilize prices.

Outlook and Future Measures

  • Compressed Natural Gas (CNG): In response to rising transportation costs, Dangote Cement plans to convert its fleet to run on Compressed Natural Gas (CNG) by 2025, in alignment with government initiatives.
  • Expansion Plans: Dangote Cement is also constructing a new plant in Ogun State, expected to produce 6 million metric tonnes annually. This expansion may help boost supply and potentially stabilize or reduce prices in the long term.

The ongoing economic pressures, smuggling activities, and exchange rate fluctuations indicate that the hope for lower cement prices in Nigeria remains uncertain, with both manufacturers and consumers bearing the brunt of these challenges.

Black Market Dollar to Naira Exchange Rate on August 26, 2024

As of today, August 26, 2024, the exchange rate for the US dollar to the Nigerian naira in the black market is as follows:

  • Buying Rate: ₦1,600 per USD
  • Selling Rate: ₦1,610 per USD

It’s important to note that these rates are based on transactions in Lagos and might vary slightly depending on the location and the specific Bureau De Change (BDC) operators.

Central Bank of Nigeria (CBN) Official Exchange Rate

The official exchange rate provided by the Central Bank of Nigeria (CBN) for today is:

  • Buying Rate: ₦1,591 per USD
  • Selling Rate: ₦1,592 per USD

Dangote Refinery Update

The Dangote Petroleum Refinery is currently conducting test runs for the production of Premium Motor Spirit (PMS), commonly known as petrol. The refinery, which has a capacity of 650,000 barrels per day, is expected to start full operations by mid-September 2024. This development is anticipated to significantly impact Nigeria’s fuel supply, reducing its reliance on imported refined products and transforming the fuel trade between Europe and Africa.

Federal Government, Dangote Refinery Discuss September Petrol Rollout

The Federal Government’s committee, established to facilitate the sale of crude oil to local refineries in naira, is set to finalize discussions on the pricing of petrol from the Dangote Petroleum Refinery, scheduled to be released next month. The committee, led by Finance Minister Wale Edun, will focus on setting a benchmark price for the crude oil that Dangote will purchase in naira.

Oil marketers have raised concerns that petrol from the Dangote refinery could be priced higher than current pump prices, with the actual market price potentially around ₦1,117 per liter. The current retail price of petrol in Nigeria ranges from ₦600 to ₦700 per liter, while the landing cost stands at approximately ₦1,200 per liter.

The Nigerian National Petroleum Company Limited (NNPCL) has been shouldering a significant subsidy burden, with its Chief Financial Officer, Umar Ajiya, revealing that the company has been selling petrol at about half the landing cost under government directives, covering a shortfall of ₦7.8 trillion in the first seven months of this year.

As the government contemplates whether to reintroduce petrol subsidies or allow market-driven prices, it is clear that without intervention, the cost of petrol from the Dangote refinery could be beyond the reach of many Nigerians. The final decision is expected in the coming weeks, with the sale of crude to Dangote in naira already agreed upon and scheduled to commence on October 1, 2024.

Marketers and government officials acknowledge that the only viable solutions are either reintroducing subsidies or allowing Nigerians to bear the full cost of petrol, though both options carry significant economic implications. The ongoing discussions are expected to clarify the government’s approach and the future of petrol pricing in Nigeria.

Ex-BBC Editor Soyinka Released After Hours of DSS Detention at Lagos Airport

The Department of State Services (DSS) has released Adejuwon Soyinka, a former editor of the BBC Pidgin Service, after detaining him for several hours at Murtala Muhammed International Airport in Lagos. Soyinka, who is also the West African editor of The Conversation Africa, was arrested upon his arrival from the UK on Sunday morning.

The DSS did not disclose the reason for Soyinka’s detention, although it is believed to be part of an increasing crackdown on journalists in Nigeria. Initially, DSS spokesperson Peter Afunanya denied knowledge of the arrest, but later confirmed that Soyinka was held at the request of another agency.

The International Press Institute (IPI), a global network of editors and media executives, intervened, leading to Soyinka’s release. However, his international passport remains in the possession of the DSS. IPI condemned the arrest, describing it as an attempt to intimidate journalists under President Bola Tinubu’s administration, and demanded the immediate return of Soyinka’s passport. The IPI also called for an end to the harassment and intimidation of journalists in Nigeria.

Struggling MSMEs Turn to Phone and Online Orders to Survive Economic Pressures

With the ongoing surge in prices severely impacting profits and capital, many Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are finding innovative ways to stay afloat. Business owners like Mrs. Bolanle Rasheed and Mrs. Marvin Godonou have resorted to using phone calls and online messaging to maintain customer relationships and keep their businesses running. These strategies, though challenging, have allowed them to continue serving their communities despite the economic difficulties, ensuring that their families are provided for in these trying times.

Zimbabwean Bishop Arrested in Nigeria Amid United Methodist Church Leadership Crisis

A Zimbabwean bishop, Eben K. Nhiwatiwa, of the United Methodist Church, has been arrested in Yola, Adamawa State, Nigeria, during a visit aimed at initiating the process of electing a new bishop following the resignation of the former bishop, John Wesley Yohanna. Bishop Nhiwatiwa was reportedly detained by the Nigerian Immigration Service (NIS) and later transferred to their headquarters in Abuja.

The church, which has been embroiled in internal conflicts since an international conference in the U.S. where some members supported same-sex marriage, expressed deep concern over the bishop’s arrest. In a statement, Pastor Salisu Waziri suggested that members of a breakaway faction of the church were behind the arrest, despite Bishop Nhiwatiwa possessing all necessary documents.

The Taraba State Government has responded to the church crisis by closing all United Methodist Church branches across the state, citing concerns over potential violence as factions struggle for control of church properties. Further arrests of church members, including pastors, are feared as the situation escalates.