Newspapers Review




Ohaneze Ndigbo





Below are the headlines found on The Punch Online Newspaper for today, Thursday, 1st February, 2018.

Thu, 01 Feb 2018
The Senate on Wednesday summoned the Inspector-General of Police, Mr. Ibrahim Idris, for alleged non-compliance with a directive by the lawmakers to arrest and prosecute the suspected herdsmen who attacked communities in Benue State, killing 73 people.

Idris was asked to appear before the Senate Committee on Police Affairs on Thursday (today) to explain why a resolution by the upper chamber of the National Assembly asking him to arrest and prosecute the suspects was not complied with.

The committee was asked to report to the Senate on Tuesday, when the chamber would deliberate on the next line of action.

The Senate had, at the plenaries on January 16 and 17, 2018, debated killings by herdsmen and other armed groups across Nigeria.

Part of the resolutions passed was for the police boss to arrest and prosecute the suspects within 14 days.

The ultimatum expired on Tuesday.

On Wednesday, Senator Joshua Lidani (Gombe-South) reminded the lawmakers that the ultimatum had expired and the IG had yet to prosecute any suspect.

Lidani said, “You will recall that this Senate passed a resolution when it was considering the report of the Ad Hoc Committee on Security which, among other things, visited Benue State regarding the killings that took place on or about January 1, 2018.

“The Senate clearly resolved that the Inspector-General of Police be given two weeks within which he should identify and arrest those who perpetrated the killings in Benue.

“This resolution was passed and was transmitted to the IG but to the best of my knowledge, no arrest has been made and no information has been brought to the Senate as regards the resolution.

“I therefore will like the Senate President, in line with this resolution, to compel the IG to appear before the Senate to explain why he has not complied with the resolution of the Senate.”

The President of the Senate, Bukola Saraki, expressed displeasure with the police boss’ inaction.

Saraki said, “I think the integrity of the institution must be taken seriously. I think the Senate Committees on Police (Affairs); and Intelligence should summon the IG to come by tomorrow (Thursday) to make an explanation on where we are on this two-week ultimatum. These two committees should report to us by Tuesday.

“We must make it clear to security agencies that ultimatums cannot be taken lightly. If they think we are just going to sweep this thing under the carpet, the answer is definitely no.

“President Muhammadu Buhari said he told the IG to ensure speedy prosecution and we have yet to see that. The IG knows that he needs to take this seriously.”

The Senate had on January 15 passed resolutions, including the ultimatum to Idris, when they adopted an interim report by the House Ad Hoc Committee on the Review of Security Infrastructure of Nigeria.

Saraki had on the same day led the leadership of the chamber to Buhari to deliver the resolutions personally.

We’re after killer herdsmen, Buhari tells Senate

Buhari has, however, faulted the position of the Senate that the Federal Government failed to address the killings by herdsmen.

In a letter, which the President of the Senate read at the plenary on Wednesday, Buhari listed efforts made by him to end the killings.

The letter was dated January 25, 2018, but according to the stamp on it, it was received by the Office of the President of the Senate on Tuesday.

It was titled, ‘Re: Report on the Review of Security Infrastructure of Nigeria on the Emergency Visit to Benue.’

The letter read in part, “To infer that nothing has been done is incorrect. The police are working to apprehend the culprits of these heartless killings. Furthermore, I have instructed the Inspector-General of Police to relocate to Benue State and deploy forces in the most sensitive areas.

“The Federal Government is initiating additional measures to address these and other security challenges, alleviate the consequences of these attacks and forestall a recurrence.

“The Senate resolutions itemised in your letter will be taken into consideration and I am instructing all relevant MDAs (ministries, departments and agencies) to factor them in their work.”

Buhari stated in the letter that he agreed that there was a need to review the security architecture of the country.

The President added, “On December 19, 2017, to be precise, while receiving the report by the committee which I had set up to review the operational,  technical and administrative structure of the National Intelligence Agency, I underscored the need to review the entire national security architecture as I promised in my inaugural address on the 29th May 2015.

“Action is being initiated and I expect to receive maximum cooperation from the Senate.”

According to the President, contrary to the resolution of the Senate, the police were making “strenuous efforts” to restore peace and security in Benue.

“Several courses of action have been taken prior to the Senate resolution,” Buhari stated in the letter.

The President recalled that he sent the Minister of Interior, Gen. Abdulrahman Dambazau (retd.) and the Deputy Inspector General of Police (Operations), Joshak Habila, for an on-the-spot assessment of the situation, while he was briefed verbally by the IG that “calm had then been restored.”

“On Monday, 8th January, the Minister of Interior met with the following: Governors of Adamawa, Kaduna, Niger, Benue Taraba and Nasarawa states, together with the Director General of the Department of State Services, Inspector-General of Police; Commandant General, Civil Defence; Minister of Agriculture and Rural Development, Commissioners of Police of the six aforementioned states and Comptrollers of Civil Defence from the six aforementioned states.

“After the meeting, I instructed the Minister of Interior to brief you (Saraki) on the information gathered so far and steps taken. On Tuesday, 9th of January, I had a long session with Governor Samuel Ortom of Benue State during which I informed him that police arrested some suspects with Kalashnikovs (rifles).  In addition, I told him that I have instructed the IG to speed up trial and prosecution of the suspects and give wide publicity of the police efforts.

Thu, 01 Feb 2018
 The former President Olusegun Obasanjo-championed Coalition for Nigeria Movement was formally inaugurated on Wednesday  in Abuja, with the movement lambasting  the Federal Government over “the rising unemployment, insecurity and absence of credible socio-economic programmes” in the country.

The coalition, which was proposed in an open letter written by Obasanjo to President Muhammadu Buhari, noted that despite the country being in the woods, there seemed to be no well thought-out programme of action by the government.

The former President had in an open letter on January 24, advised President Buhari not to contest the 2019 general elections.

The former President, who insisted that the two prominent parties — the All Progressives Congress and the Peoples Democratic Party — would not take the country to its desired prosperous destination, thereafter proposed a coalition which would drive Nigerians to make positive choices during elections.

On Wednesday, the Obasanjo-inspired coalition was formally inaugurated, distributing branded T-Shirts and caps to the attendants.

The coalition said its membership was open to “all Nigerians of 18 years old and above.”

One of our correspondents observed that although Obasanjo was conspicuously absent, a former governor of Osun State, Olagunsoye Oyinlola, and a former governor of Cross Rivers State, Donald Duke, were the two dignitaries at the inauguration.

More than 300 participants squeezed together in the hall used for the event.

Oyinlola, also a former Lagos State military governor, who made the chief remarks at the inauguration, said it was unfortunate that despite the myriads of challenges being faced by Nigerians, the Federal Government did not have a well-thought plan of action.

Oyinlola said, “Youth unemployment has hit the roof. Every year, we produce millions of graduates who will soon realise that the country has no place for them. The devil will always find one horrible job or the other for the idle hands. The youths who manage to have jobs are not guaranteed their salaries at the end of the month. Even companies in the private sector are facing very difficult times with very great effects on their employees and their capacity to expand. Every sensible person knows that there is trouble ahead unless something urgent is done.”

The former governor noted that the coalition agreed that they as former leaders were part of the problems of Nigeria, but offering solutions at the present was not an improper decision.

“It is in our plan of action to democratically build and enthrone a new set of youthful and knowledgeable leadership for this country. We shall have offices and elected officers in every ward, Local Government Areas, states and in the Federal Capital Territory, Abuja.

“The membership of the movement is open to all Nigerians of voting age. On funding, it is our belief that the money to run its affairs will come from the contributions of members at each level. The movement must not belong to a moneybag somewhere. That is the only way we do not end up as the problems we set out to solve.”

During a question-and-answer session after Oyinlola’s speech, one of the participants asked if the coalition was not trying to legitimise Obasanjo’s legacy.
Thu, 01 Feb 2018
The National Judicial Council on Wednesday declared the suspension of the Chief Judge of Abia State, Justice Theresa Uzokwe, by the House of Assembly of the state as unconstitutional.

A statement by NJC’s Director, Information, Mr. Soji Oye, said the council also on Wednesday suspended Justice Obisike Orji, who was subsequently sworn in by Governor Okezie Ikpeazu, as the Acting Chief Judge.

The NJC also directed the third most senior judge in the judiciary of the state to step in as the Acting Chief Judge pending the conclusion of investigations of allegations of acts of misconduct levelled against Justices Uzokwe and Orji.

The House of Assembly had on January 26, 2018 passed a resolution suspending Justice Uzokwe as the state’s Chief Judge.

It directed Ikpeazu to appoint an acting CJ pending the completion of investigation by its committee into alleged acts of Justice Uzokwe’s misconduct.

The governor had subsequently appointed Justice Orji as the acting Chief Judge of the state.

The umbrella body of judiciary workers in Nigeria, the Judiciary Staff Union of Nigeria,had through an interview by its President, Mr. Marwan Adamu, with The PUNCH condemned the development in the Abia State judiciary.

NJC under the chairmanship of the Chief Justice of Nigeria, Justice Walter Onnoghen, held an emergency meeting over the issue on Wednesday.

The statement said the NJC “considered the recent suspension of the Abia State Chief Judge, Hon. Mr. Justice T. U. Uzokwe and the swearing-in of Hon. Mr. Justice Obisike Orji as the Acting Chief Judge of the State by Governor Okezie Victor Ikpeazu and agreed that the decision to suspend the Chief Judge and the swearing-in of an Acting Chief Judge without the input of the National Judicial Council is unconstitutional, null and void.”

Thu, 01 Feb 2018
The Ekiti State Governor, Ayodele Fayose, has raised the alarm that his predecessor, Dr. Kayode Fayemi, and the All Progressives Congress arefrustrating his efforts to pay workers’ salary arrears.

The governor accused the Federal Government of stopping payment due to the state as refund on road projects.

Fayose at a press conference in Ado Ekiti on Wednesday said the action was based on a suit filed by Fayemi through his former Commissioner for Finance, Dapo Kolawole.

He said he had planned to use the refund to pay the outstanding salaries of Ekiti civil servants, adding that it was the hope that the money would soon be paid that made him to constantly assure the workers that he would not leave the office a debtor on October 16 .

Fayose said, “It is with heavy heart and deep sense of responsibility that I address you today on the latest display of deep seated hatred against Ekiti State and its people by the leadership of the All Progressives Congress, especially the Minister of Mines and Steel Development, Dr. Kayode Fayemi.

“When I said that I won’t leave office as a debtor of salary, I was sure that the over N12bn owed the state by the Federal Government on construction and rehabilitation of federal roads will be paid this month.

“However, I’m shocked that in their usual characteristics of working against every effort to alleviate the sufferings of the people, Dr. Fayemi through his Commissioner for Finance, Dapo Kolawole, went to court in Abeokuta seeking an order that the N11bn refund should not be paid to my administration.

“Because of this court action, the refund that should have been made this month is said to have been stopped.”

According to him, the latest onslaught was aimed at destabilising the state government ahead of the July governorship election.

But reacting, Kolawole denied that he and Fayemi were blocking money due to the state.

Thu, 01 Feb 2018
Leke Baiyewu, Abuja The Senate at the plenary on Wednesday resolved to investigate former registrars of the Joint Admission and Matriculation Board over the alleged low revenue remittance, while they were in office. The probe, it was gathered, would also be extended to the National Examination Council and the West African Examination Council. The resolution [] 

Thu, 01 Feb 2018
Ihuoma Chiedozieand Tony Okafor A former Vice-President, Atiku Abubakar, Sokoto State Governor, Aminu Tambuwal, Deputy Senate President, Ike Ekweremadu, President General of Ohanaeze Ndigbo, Chief Nnia Nwodo and Senator Victor Umeh, on Wednesday eulogised the late Vice-President, Dr. Alex Ekwueme, on Wednesday. They spoke at a commendation ceremony organised in honour of Ekwueme by the [] 

Thu, 01 Feb 2018
Friday Olokor, Jos The Plateau State Police Command on Wednesday announced the arrest of some Fulani men, who allegedly stole 15 cows, 14 sheep and killed the herder. The arrest of the rustlers came barely two weeks after the arrest and parade of three Fulani herdsmen for cattle rustling by the Special Military Task Force, [] 

Thu, 01 Feb 2018
Ted Odogwu, Kano Governor Abdullahi Ganduje of Kano State, on Wednesday, said his government allocated 13 per cent of its 2018 budget to the health sector towards providing quality health-care services. The government aims to strengthen the control of HIV/AIDs and tuberculosis, polio, malaria, cholera, measles and other child-killer diseases in collaboration with development partners, [] 

Thu, 01 Feb 2018
Kayode Idowu, Maiduguri Five persons were killed at an internally displaced persons (IDPs) camp in Maiduguri, the Borno State capital, on Wednesday. The Chairman, Borno State Emergency Management Agency, Mr. Ahmed Satomi, told journalists that at the Dalori IDP camp five persons were killed in an explosion while 39 others were injured. He said one [] 

Thu, 01 Feb 2018
John Ameh, Abuja The Speaker of the House of Representatives, Mr. Yakubu Dogara, said on Wednesday that rising killings by herdsmen and other forms of violence in the country were symptoms of the countrys sick security system. He noted that the country clearly ran a faulty security architecture that must be fixed urgently to contain [] 

Thu, 01 Feb 2018
Olaleye Alukoand John Charles The Benue State Commissioner of Police, Mr. Fatai Owoseni, on Wednesday said that seven persons were killed by irate youths in Gboko area of Benue State. The CP, who disclosed this while briefing newsmen in his office, said the victims were said to be travelling either to Okene in Kogi State [] 

Thu, 01 Feb 2018
John Alechenu andOlusola Fabiyi, Abuja The National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, has said the nation is running a bastardised federal structure. He, therefore, said there was the need to revisit the dysfunctional structure in order to change the narrative and ensure that the structure work efficiently for the benefit of [] 

Thu, 01 Feb 2018
Samuel Awoyinfa, Abeokuta The Ogun State Governor, Ibikunle Amosun, on Wednesday called on the newly graduated students of the Olabisi Onabanjo University, Ago Iwoye, Ogun State, to think out of the box and be ready to take up leadership positions in their chosen fields. He said this in his speech at the 27th convocation of [] 

Thu, 01 Feb 2018
John Alechenu, Abuja Some supporters of President Muhammadu Buhari, under the aegis of the Buhari Victory Mobilisers, have unveiled plans to mobilise five million Nigerians to ensure the Presidents re-election in 2019. Towards this end, the group unveiled a publication titled, Footprints of change at a ceremony in Abuja. The President of the group, Chief [] 

Thu, 01 Feb 2018
Sesan Olufowobi A renowned security expert, Dr Ona Ekhomu, has urged traditional rulers to be at the forefront of efforts to secure their domains. He said exercising purposeful leadership in security management of their respective communities would enhance the legitimacy of the traditional institution and contribute to national security. Ekhomu stated this at the national [] 

Thu, 01 Feb 2018
Oladimeji Ramon The trial of a former Minister of Aviation, Mr. Femi Fani-Kayode, for an alleged fraud of N4.9bn was stalled on Wednesday due to his absence from the Federal High Court in Lagos. Counsel for the ex-minister, Mr. Norrison Quakers (SAN), told the court that his client was unable to make it to court [] 

Thu, 01 Feb 2018
Afeez Hanafi Three traditional rulers (baales) in communities in Ajara, Badagry, Lagos State, have been elevated to monarchs obas. A member representing Badagry Constituency 2 in the Lagos State House of Assembly, Sotonji David, in a statement on Wednesday, said the elevation was approved by the state Governor, Akinwunmi Ambode. David, who commended Ambode [] 

Thu, 01 Feb 2018
Oladimeji Ramon The Minister of Foreign Affairs, Mr. Geoffrey Onyeama, on Tuesday night appealed to the media to project the Federal Government and the country in a positive light especially for the benefit of the outside world. He noted that the embassies of various foreign countries in Nigeria relied largely on information being disseminated by [] 

Thu, 01 Feb 2018
Sesan Olufowobi The Lagos State Commissioner for Establishments, Training and Pensions, Dr Benson Oke, has said professionals must adhere strictly to the ethics of their professions in order to correct erroneous impressions about Nigeria. The commissioner stated this on Wednesday at the Rotary 2018 Symposium titled, Effects of Business and Professional Ethics and Economic Growth [] 

Thu, 01 Feb 2018
Olusola Fabiyi, Abuja The Peoples Democratic Party has said there are signs that the 2019 elections may lack credibility. Apart from this, the opposition party said the ruling All Progressives Congress administration was not ready to conduct free, fair and credible elections. The National Chairman of the PDP, Prince Uche Secondus, stated this in Abuja [] 

Thu, 01 Feb 2018
Leke Baiyewu, Abuja The crisis in the All Progressives Congress in Kano State involving Governor Abdullahi Ganduje and his predecessor, Senator Rabi'u Kwankwaso, was extended to the Senate on Wednesday where members had a hot debate. The Senate President, Bukola Saraki, also directed the Senate Committee on Police Affairs to summon the Inspector-General of Police, [] 

Thu, 01 Feb 2018
Kamarudeen Ogundele, Ado Ekiti The All Progressives Congress in Ekiti State has called on President Muhammadu Buhari to seek re-election. The party said the President deserved a second term considering his achievements in office. The acting State Chairman of the party, Mrs. Kemi Olaleye, made the call on Wednesday at a rally held in Ado [] 

Thu, 01 Feb 2018
Olalekan Adetayo and Femi Asu The Federal Government on Wednesday insisted that there was no subsidy payment on petrol as it was being done before now. The Minister of Finance, Mrs. Kemi Adeosun, said this while answering questions from State House correspondents at the Presidential Villa, Abuja. Adeosun, while responding to question on who pays [] 

Thu, 01 Feb 2018
A commission that will deal with electoral breaches is about to be consummated, going by the traction it has got in the House of Representatives. The Committee of the Whole House recently considered and adopted the work of its Committee on Electoral Matters on a bill to this effect, thus making its Third Reading and [] 

Thu, 01 Feb 2018
Okechukwu Nnodim, Abuja The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has asked the new board of one of the downstream subsidiary firms, the Nigerian Pipeline Storage Company, to enter into partnerships with the private sector to build more pipelines parallel to the corporation's existing ones. Baru gave the charge while inaugurating the [] 

Thu, 01 Feb 2018
Ifeanyi Onuba, Abuja The Federal Government will prepare a supplementary budget to take care of workers' demand for an increase in salaries when the new minimum wage proposal, which is currently being worked on, is eventually approved. The Director-General, Budget Office of the Federation, Ben Akabueze, said this on Wednesday in Abuja during a dialogue [] 

Thu, 01 Feb 2018
Everest Amaefule, Abuja There are indications that mobile and fixed telecommunications operators will soon get new interconnect rates. Interconnect rate is the price that telecommunications operators pay each other for calls terminating on their networks. If a call originates from MTN Nigeria Communications Limited, for instance, and ends on Glo Mobile network, what MTN pays [] 

Thu, 01 Feb 2018
Femi Asu with agency report Crude oil production from the Organisation of Petroleum Exporting Countries rose in January from an eight-month low as higher output from Nigeria and Saudi Arabia offset a further decline in Venezuela and strong compliance with a supply reduction pact. A Reuters survey found on Tuesday that OPEC had pumped 32.4 [] 

Thu, 01 Feb 2018
Maureen Ihua-Maduenyi The Federal Government has approved the promotion of 78 officers of the Nigeria Immigration Service attached to the Murtala Muhammed International Airport, Lagos. The newly promoted officers were on Wednesday decorated with their new ranks and charged to be good ambassadors of the country. The Assistant Comptroller General, NIS Airport Command, Mr. Odeje [] 

Thu, 01 Feb 2018
Stanley Opara Cordros Capital says the current rally in the country's stock market does not, in any way, suggest a bubble scenario. The company, in its 2018 outlook for the country, said the market was largely driven by fundamentals. Presenting the outlook to newsmen in Lagos, the firm's Head, Research and Strategy, Mr. Christian Orajekwe, [] 

Thu, 01 Feb 2018
The World Customs Organisation has recognised and rewarded the Tin Can Island Port Command of the Nigeria Customs Service for its efforts in the anti-smuggling campaign. The command stated this in a statement on Wednesday issued by its Public Relations Officer, Uche Ejesieme, adding that it got the award at this year's International Customs Day [] 

Thu, 01 Feb 2018
Oyetunji Abioye The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers' Index in the month of January stood at 57.3 index points indicating expansion in the manufacturing sector for the tenth consecutive month. The index, however, grew at a slower rate, when compared to the previous month. The PMI had increased [] 

Thu, 01 Feb 2018
The management of Lekki Port of the Lekki Free Trade Zone Enterprise has said that the breakwater construction is one of the largest components of the port construction. The General Manager, Projects, LPLE, Mr. Steven Heukelom, stated this during a monitoring visit of the Acting Director-General, Infrastructure Concession Regulatory Commission to the port. During a [] 

Thu, 01 Feb 2018
Anna Okon Stakeholders have explained why most of the Inland Dry Ports proposed by the government have been abandoned. The government had established dry ports in Kano, Kaduna, Ibadan, Aba, Jos, Funtua and Maiduguri. Additional dry ports have also been announced, to be sited in Edo, Niger and other states. Apart from the Kaduna Inland [] 

Thu, 01 Feb 2018
Eight independent power producers have signed a pact with the Ogun State Government to generate electricity from renewable sources and supply it to different users in the state, AKINPELU DADA writes The issue of epileptic power supply to Ogun State may soon be over if the Light-up Ogun initiative by the state government and eight [] 

Thu, 01 Feb 2018
The Chairman, Seaport Terminal Operators Association of Nigeria, Vicky Haastrup, has observed that Nigeria's cargo clearing process is still primitive when it comes to the issue of trading across the border. She stated this at the 2018 Multimodal West Africa International Transport, Logistics and Supply Chain Management exhibition organised by the Chartered Institute of Logistics [] 

Thu, 01 Feb 2018
The Council of Nigerian Mining Engineers and Geoscientists is conducting a monitoring and evaluation of water well drilling in Ibadan metropolis as part of its statutory functions and mandate. The regulatory body for professionals and firms in the geosciences, mining engineering and metallurgy in the country plans to collate and generate a national database through [] 

Thu, 01 Feb 2018
The Nigerian stock market on Wednesday halted its bullish run to close negative as equities investors lost N54bn. A total of 651.901 million shares valued at N7.764bn exchanged hands in 7,091 deals. Lasaco Assurance Plc declined by 8.7 per cent to emerge as the worst performing stocks for the day, to close at N0.42. It [] 

Thu, 01 Feb 2018
Fitch Ratings has affirmed the Long Term Issuer Default rating of United Bank for Africa Plc at 'B', with a stable outlook. According to Fitch, the rating of UBA is driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria's operating environment. In the report issued [] 

Thu, 01 Feb 2018
Okechukwu Nnodim, Abuja The Federal Government and Africare Nigeria, a non-governmental organisation, have embarked on sensitisation campaigns in various communities to promote the use of Liquefied Petroleum Gas, popularly known as cooking gas. Speaking on behalf of the government at a community outreach programme on the importance of using cooking gas in place of firewood, [] 

Thu, 01 Feb 2018
The President General, Maritime Workers Union of Nigeria, Mr. Adewale Adeyanju, has said that the union will embark on strike if nothing is done about the Oshodi-Apapa Expressway. He told our correspondent in a telephone interview that serious arrangements were ongoing to ensure that the industrial action was carried out. Adeyanju and the Secretary General, [] 

Thu, 01 Feb 2018
A United States government-led initiative coordinated by the US Agency for International Development, Power Africa, has struck a new deal with Ibadan Electricity Distribution Company to advance the power sector in Nigeria. Power Africa said it would extend technical and managerial support to the IBEDC in its efforts to reduce energy losses, increase revenue, and [] 

Thu, 01 Feb 2018
Femi Asu The nation's refineries made a total loss of N84bn from January to November last year, as they continued to operate far below their installed capacity. The refineries are the Warri Refining and Petrochemical Company, Port Harcourt Refining Company, and the Kaduna Refinery and Petrochemical Company, with a total installed capacity of 445,000 barrels [] 

Thu, 01 Feb 2018
Stanley Opara Africa Prudential Plc has unveiled its USSD code called Personal Registrar in its quest to revolutionise registrar business in Nigeria and redefine the landscape of registrar service delivery. The USSD code, *4018#, which was unveiled in Lagos on Wednesday, enables shareholders to perform multitude of tasks including checking their outstanding dividend, shareholding balance, [] 

Thu, 01 Feb 2018
Stanley Opara Food and agro-allied products player in Nigeria, Flour Mills of Nigeria Plc, has reported an 82 per cent rise in its profit for the nine months ended December 31, 2017. This was contained in its unaudited financial statements released on Wednesday. At the group level, it recorded revenue of N427.5bn, up from N389.9bn [] 

Thu, 01 Feb 2018
African Export-Import Bank has announced the coming on board of Angola-based pan-African conglomerate, Aenergy, as a shareholder, following its successful subscription to Class 'B' shares of the African multilateral trade finance bank. The development is part of the efforts of the lender to broaden its shareholder base, targeting African investors. The shareholding became effective on [] 

Thu, 01 Feb 2018
Thursday withAbimbola Adelakun, Caught in the swirl of euphoria and overwhelming sobriety that attends great electoral victories, newly elected president of Liberia, George Weah, has sworn to slash his presidential salary by 25 per cent. He equally wants to check racism and execute other laudable objectives. In the hydra-headed world of nativist populism, state capture [] 

Thu, 01 Feb 2018
Sheriffdeen Tella Continued from Wednesday The group interest in the power sector is more complex than other sectors of the economy. It starts from the producers of generators abroad and the importers in Nigeria. Nigeria is reputed to hold the first position in the generator-importing business and lot of employment is generated in the countries [] 

Thu, 01 Feb 2018
Niran Adedokun like the roaring of the lion which reverberates all through the jungle, which causes other animals to scamper to safety, last weeks letter to President Muhammadu Buhari by his serial mentor and two-time predecessor in office, former President Olusegun Obasanjo, remains a major talking point well over one week after. Earlier this [] 

No comments: