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NIGERIA NEWSPAPERS: TODAY'S THE PUNCH NEWSPAPER HEADLINES [5TH JANUARY, 2018].


Below are the headlines found on The Punch Online Newspaper for today, Friday, 5th January, 2018.

Fri, 05 Jan 2018
The Federal Government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price N145 per litre.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, gave the hint in a presentation at an investigative hearing organised by the Senate on the lingering scarcity of the product in the country.

He said the N26 differential between the current pump price and the landing cost of the commodity was caused by the rise in the exchange rate.

The minister recalled that naira was 285 to a dollar when the pump price was raised to N145 per litre, adding that the rate would have to drop to N240 to a dollar for marketers to be able to sell at the official price.

Kachikwu stated that the government had come up an 18-month emergency period within which issues affecting supply and pricing of the commodity should be solved.

The minister said the government was considering three models for the regulation of the pump price of petrol, one of which is a “plural pricing system” that would allow independent marketers to either stick with the distribution chain of the government and the official price, or sell the commodity based on the variations in the importation and landing costs.

The minister explained that while the government could retain the current official pump price of N145, marketers who were not okay with its supply chain could be allowed to import and distribute the product independently.
Fri, 05 Jan 2018
The police have said they are probing the alleged involvement of different groups, including the Miyetti Allah Cattle Breeders Association of Nigeria in the killing of over 20 people in Benue State between Monday and Tuesday.

The force explained that the eight suspects their custody in connection with the incident would provide details about the masterminds of the attack, adding that anyone found culpable would be arrested and prosecuted.

The Force Public Relations Officer, Jimoh Moshood, said this in a telephone interview on Thursday in response to allegations that some Miyetti Allah leaders had earlier threatened to cause mayhem in Benue State following the implementation of the anti-open grazing law which the Fulani herdsmen were opposed to.
 
Asked if the police were probing the involvement of the leaders and members of the cattle breeders in the state, the police spokesman stated, “We are investigating every group and anybody linked to the attack would be arrested and prosecuted.”

He disclosed that additional policemen, including forensic experts and detectives, had been deployed in the state to provide security and carry out a thorough investigation into the attacks.

The Force spokesman added that the Inspector-General of Police, Ibrahim Idris, had directed the DIG, Operations, Joshak Habila, to proceed to Benue State.

He noted that additional personnel, including special forces and riot policemen, had also been dispatched to the crisis points.

Moshood said, “We have arrested eight suspects and they would further lead us to the other people behind the incident, and definitely, anybody linked to the attack would be arrested; there is no doubt.

“And that is why the Inspector-General of Police has directed that anyone linked to that attack should be arrested regardless of their affiliation. We have eight suspects and we are working further, carrying out investigations to know those linked to the attack.”
Fri, 05 Jan 2018
There was panic at the Nigeria Customs Service, Federal Operations Unit, Ikeja, Lagos, on Thursday after fire broke out at the agency’s warehouse.

PUNCH Metro learnt that 20 vehicles, consisting of six articulated vehicles, 12 cars and two minibuses, were consumed by the fire.


 
The intervention of firefighters from the Lagos State Fire Service and men of the Lagos State Emergency Management Agency was said to have curtailed the spread of the fire.

The exact cause of the fire, which started around 2pm, could not be ascertained as of press time, as there were conflicting accounts of what started it.

While authorities at the customs service said the fire started after the gas cylinder of an impounded truck exploded, one of the emergency workers said it was caused by bush burning.

The fire was said to have quickly spread to vehicles in the warehouse before the firefighters intervened.

The spokesperson for the NCS, FOU Ikeja, Jerry Attah, said three vehicles were burnt, adding that no life was lost  or injury sustained.

He said, “A section of the constructed annex warehouse was gutted by fire. It is not our main warehouse. There were two trucks that had been there for a long time. The trucks had gas cylinders which usually come with them. The fact that they had been there for a long time, coupled with the heat of the season, made one of them to explode. When it exploded, the fire spread. But we called in the state fire service and LASEMA. The fire was put out at 3pm. Only one truck and two cars were burnt.”
Fri, 05 Jan 2018
The Indigenous People of Biafra, on Thursday, said it would begin the transmission of a Hausa service radio station on Saturday.

The Media and Publicity Secretary of the group, Emma Powerful, disclosed this in statement in Awka, Anambra State.


 
He said the move was in keeping with IPOB’s promise to facilitate the creation of an unbiased informative platform “to the downtrodden and the oppressed indigenous population of northern Nigeria.”

He said the service would hit the airwaves on Saturday, January 6, at 7pm Nigerian time on Short Wave 15110 KHz 19 Meter Band.

He added that the broadcast would have the widest coverage of any radio signal in Africa and would be received all over West, East and Southern Africa.

The statement read in part, “Every Hausa speaking community in Africa will be able to receive it. In our opinion, we feel it has become imperative to educate the poor masses of northern Nigeria.

“The ruling class cleverly enslaved and impoverished ethnic population in the North by keeping vital information and knowledge away from them. This information deficit is what Radio Biafra, Hausa Service, has come to remedy.

Fri, 05 Jan 2018
Kamarudeen Ogundele, Ado Ekiti Some residents of Ikere-Ekiti, on Thursday, staged a counter-protest to demand the prosecution of the Olukere of Ikere, Oba Ganiyu Obasoyin, for alleged murder. Obasoyin was arrested and remanded in prison for the alleged murder of one Femi Kolade, a toilet attendant at the Fayose Market in Ado Ekiti. Some residents [] 

Fri, 05 Jan 2018
Anna Okon The Lagos Chamber of Commerce and Industry has said that the country's exit from recession and its current economic growth must be felt by the ordinary consumer before it can be seen to be real. The country exited its worst recession in 25 years in the third quarter of 2017. Following the exit, [] 

Fri, 05 Jan 2018
Olaleye Aluko and Adelani Adepegba The troops of the Nigerian Army have rescued one of the 276 Chibok schoolgirls abducted by the Boko Haram terrorists on April 14, 2014. According to a statement from the army on Thursday, the girl was identified as Salome Pogu, and was number 86 on the list of abducted Chibok [] 

Fri, 05 Jan 2018
Anna Okon The Founder, Chief Executive Officer, X3M Group, a digital advertising agency, Mr. Steve Babaeko, has said that 2017 was challenging for practitioners in the advertising sector. Speaking in an interview with our correspondent, he said this was prompted by the general lull in the economy which started with the 2016 recession, adversely affecting [] 

Fri, 05 Jan 2018
Afeez Hanafi The Inspector-General of Police, Ibrahim Idris, says failure by parents to cater to their children is an offence. Idris warned parents against shying away from their responsibilities, noting that any parent indulging in such would be prosecuted. The IG urged people to stay away from parenthood rather than give birth to children that [] 

Fri, 05 Jan 2018
Anna Okon Two Nigerian youths, Jasper Ogbonna and Samson Adewole, have set up a wealth creation platform aimed at offering professional and allied services to Nigerians. According to a statement from the owners, the platform named JobTaska works to remove the difficulties faced in the identification of credible and professional service providers across all spectrums [] 

Fri, 05 Jan 2018
Anna Okon Two brands, Molfix and Familia, from the stable of global household product maker, Hayat Kimya Nigeria Limited, garnered multiple awards in their first outing at the Advertising Association of Nigeria awards for Marketing Excellence West Africa. According to a statement from the firm, Haya Kimya, which has only been operating in Nigeria for [] 

Fri, 05 Jan 2018
Anna Okon Two Nigerian youths, Jasper Ogbonna and Samson Adewole, have set up a wealth creation platform aimed at offering professional and allied services to Nigerians. According to a statement from the owners, the platform named JobTaska works to remove the difficulties faced in the identification of credible and professional service providers across all spectrums [] 

Fri, 05 Jan 2018
Samuel Awoyinfa, Abeokuta The Ogun State Police Command says it has arrested two brothers, Paul Jibunor and Nkoenye Jibunor, for alleged serial rape and robbery. The suspects were said to have been arrested following a complaint from one of their victims, Ijeoma, who reported them at the Ojodu Abiodun Police Division. The state Police Public [] 

Fri, 05 Jan 2018
Anna Okon Chivita 100% has announced the creation of packs of its products to promote breakfast among consumers. The packs, tagged Chivita 100% Limited Edition, according to the brand, features football stars who make up its breakfast with the stars campaign aimed at providing football loving Nigerians with the opportunity to enjoy and share healthy [] 

Fri, 05 Jan 2018
Anna Okon The Made-in-Aba campaign created by the TBWA AfricaMiddle East Network has bagged the Grand prix award at the annual leadership conference dubbed 'Africannes' in South Africa. According to a statement from the agency, the Grand Prix is an award given when a campaign is seen to meet the highest standards in creativity, execution [] 

Fri, 05 Jan 2018
Six persons died and 14 others were injured in a road crash on the Sokoto-Jega Road in Sokoto State, the News Agency of Nigeria reports. The Sokoto State Sector Commander of Federal Road Safety Corps, Mr. Sani Hamzat, said the crash occurred on Wednesday. He said all the victims were in a Toyota Canter truck, [] 

Fri, 05 Jan 2018
Anna Okon Chivita 100% has announced the creation of packs of its products to promote breakfast among consumers. The packs, tagged 'Chivita 100% Limited Edition, according to the brand, features football stars who make up its 'breakfast with the stars' campaign aimed at providing football loving Nigerians with the opportunity to enjoy and share healthy [] 

Fri, 05 Jan 2018
Cybersecurity, or a lack of it, has consistently made headlines in recent times. The news that many bank customers in Nigeria are losing millions to electronic fraudsters is just the latest in a long list of digital banking security fears. The Nigerian Interbank Settlement System Plc Industry Fraud Report reveals that Nigerian banks are losing [] 

Fri, 05 Jan 2018
Adelani Adepegba, Abuja A new hotel in Abuja, Fraser Suites, says it is thrilled by two prestigious awards it recently won at the World Luxury Hotel Awards in St. Moritz, Switzerland. The hotel won the '2017 Luxury Business Hotel Award for Nigeria' in recognition of its sustained commitment to excellence in outstanding achievement in the [] 

Fri, 05 Jan 2018
Cybersecurity, or a lack of it, has consistently made headlines in recent times. The news that many bank customers in Nigeria are losing millions to electronic fraudsters is just the latest in a long list of digital banking security fears. The Nigerian Interbank Settlement System Plc Industry Fraud Report reveals that Nigerian banks are losing [] 

Fri, 05 Jan 2018
The Chairman of the Federal Inland Revenue Service, Mr. Babatunde Fowler, has been named among the worlds 50 most influential tax personalities and institutions by the International Tax Review, in its Global Tax 50 2017. The ranking, which is in its seventh year, provides a rundown of the most influential individuals, organisations, geo-political events and [] 

Fri, 05 Jan 2018
Oyetunji Abioye An international credit rating agency, Fitch Ratings, has predicted that the Central Bank of Nigeria's Treasury Bills slowdown may impact negatively on banks' profits in 2018. The International agency on Thursday said that Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc, United Bank for Africa Plc, among others, might find it [] 

Fri, 05 Jan 2018
Ade Adesomoju, Abuja The Federal Government has urged the Community Court of Justice of the Economic Community of West African States not to accept a June 10, 2016 report of global human rights organisation, Amnesty International, tendered by the leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu. The ECOWAS Courts three-man panel, led [] 

Fri, 05 Jan 2018
The Chairman of the Federal Inland Revenue Service, Mr. Babatunde Fowler, has been named among the world's 50 most influential tax personalities and institutions by the International Tax Review, in its Global Tax 50 2017. The ranking, which is in its seventh year, provides a rundown of the most influential individuals, organisations, geo-political events and [] 

Fri, 05 Jan 2018
Banks will have to go through radical change to survive amid challenges from technology firms, according to one bank boss. New rules known as Open Banking could see some banks disappear over time, says Clydesdale and Yorkshire Banking Group chief executive David Duffy. He told the British Broadcasting Corporation 5 Lives Wake Up to Money [] 

Fri, 05 Jan 2018
Banks will have to go through radical change to survive amid challenges from technology firms, according to one bank boss. New rules known as Open Banking could see some banks disappear over time, says Clydesdale and Yorkshire Banking Group chief executive David Duffy. He told the British Broadcasting Corporation 5 Live's Wake Up to Money [] 

Fri, 05 Jan 2018
Stanley Opara The Nigerian equities market soared by N174bn after 49 stocks closed in the green. The market reversed the negative performance from the previous trading session as the All-Share Index rose by 1.3 per cent to settle at 38,676.12 basis points while the year-to-date gain expanded to 1.1 per cent. A total of 825.130 [] 

Fri, 05 Jan 2018
Success Nwogu, Ilorin The Kwara State Government has announced new fees to be paid by the students of the Kwara State Polytechnic. The state Governor, Alhaji Abdulfatah Ahmed, in a statement signed by his Senior Special Assistant on Media and Communication, Dr. Muyideen Akorede, directed the management of the polytechnic to reduce the tuition fees [] 

Fri, 05 Jan 2018
Stanley Opara The Nigerian equities market soared by N174bn after 49 stocks closed in the green. The market reversed the negative performance from the previous trading session as the All-Share Index rose by 1.3 per cent to settle at 38,676.12 basis points while the year-to-date gain expanded to 1.1 per cent. A total of 825.130 [] 

Fri, 05 Jan 2018
Olalekan Adetayo, Abuja Following the outrage that trailed President Muhammadu Buharis recent appointment of dead people into the boards of Federal Governments agencies, the President has ordered the Secretary to the Government of the Federation, Mr. Boss Mustapha, to review the entire list. The review, it was learnt, is meant to ascertain all nominees that [] 

Fri, 05 Jan 2018
Stanley Opara The Debt Management Office has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. At the close of the offer, the total subscription received was N10.791bn compared to the N10.69bn offered. Among the investors who subscribed to [] 

Fri, 05 Jan 2018
Most Gulf markets may keep a firm tone on Thursday after oil prices shot up and the three main Wall Street stock indexes hit record closes overnight. Brent crude oil futures hit $68.16 a barrel on Thursday morning, their highest level since May 2015. That is good news for the margins of many Saudi petrochemical [] 

Fri, 05 Jan 2018
Theophilus Onojeghen, Warri The Delta State chapter of the All Progressives Congress has been thrown into a serious crisis following President Muhammadu Buharis recent appointments of board chairmen and members for the Federal Governments agencies. It was gathered that many top leaders of the party are fuming over the list of appointees and the exclusion [] 

Fri, 05 Jan 2018
Stanley Opara The Debt Management Office has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. At the close of the offer, the total subscription received was N10.791bn compared to the N10.69bn offered. Among the investors who subscribed to [] 

Fri, 05 Jan 2018
Etim Ekpimah, Uyo A former Akwa Ibom State governor, who is now the Senate Minority Leader in the National Assembly, Godswill Akpabio, has threatened to withdraw his support for the re-election of Governor Udom Emmanuel in 2019. According to Akpabio, his senatorial district, Akwa Ibom North West, has been marginalised by the present government because [] 

Fri, 05 Jan 2018
South Africa's rand firmed on Thursday, recovering earlier losses on bets that new political leaders will support economic reform after strong data from the United States had dampened sentiment. At 1527 GMT the rand had firmed 0.28 per cent to 12.3300 per dollar, a touch softer from a session best 12.2325 having started trade on [] 

Fri, 05 Jan 2018
Umar Muhammed, Lafia Unidentified gunmen suspected to be Fulani herdsmen have killed scores of farmers and set houses ablaze in Awe Local Government Area of Nasarawa State. It was learnt that the suspected Fulani herdsmen, attacked residents of Awe, a border community of both Nasarawa and Benue states, and killed many people in the area. [] 

Fri, 05 Jan 2018
A mutual fund managed by First City Asset Management Limited, Legacy Short Maturity Fund, has received a risk rating upgrade. The funds rating was upgraded by two notches, from BBB+(f) to A(f), by Agusto & Co, the leading Nigeria-based rating agency, the firm said in a statement on Wednesday. FCAM is the wealth and investment [] 

Fri, 05 Jan 2018
Ifeanyi Onuba, Abuja The total amount of credit granted by Deposit Money Banks to the agricultural sector declined by N34.45bn from October 2016 and September 2017, an analysis of the banking sector credit report by the National Bureau of Statistics has revealed. In the report, which was obtained by our correspondent on Thursday, credit from [] 

Fri, 05 Jan 2018
Simon Utebor, Yenagoa Mr. Charles Oruru, the father of Ese Oruru, the then 13-year-old girl abducted and taken to Kano where she was allegedly raped, forcibly Islamised and married off without her parents consent, is lamenting that the family has been abandoned. He also said that all the promises made by the governments of Bayelsa [] 

Fri, 05 Jan 2018
Afeez Hanafi One of the five Badoo cult suspects paraded on Thursday at the Lagos State Police Command headquarters in Ikeja, 18-year-old Chibuzor Igwe, says he was tricked into joining Badoo cult. Igwe explained that he had approached one of the alleged leaders of the cult, Obamoyegun Omotayo, for a driving job, but was lured [] 

Fri, 05 Jan 2018
A mutual fund managed by First City Asset Management Limited, Legacy Short Maturity Fund, has received a risk rating upgrade. The fund's rating was upgraded by two notches, from BBB+(f) to A(f), by Agusto & Co, the leading Nigeria-based rating agency, the firm said in a statement on Wednesday. FCAM is the wealth and investment [] 

Fri, 05 Jan 2018
Okechukwu Nnodim, Abuja Residents of Ogoni in Rivers State on Thursday staged a protest against the alleged abandonment of the clean-up of their communities by the Federal Government and oil companies operating in the region. The Ogoni residents took their protest to the headquarters of the Nigerian National Petroleum Corporation in Abuja, where they displayed [] 

Fri, 05 Jan 2018
Chukwudi Akasike and Peter Dada Some suspected Fulani herdsmen have allegedly invaded a farmland at Arodoye community, in the Akure South Local Government Area of Ondo State, destroying 200 acre farms. The herdsmen also allegedly killed a female farmer, identified as Patience Salami. The incident was said to have occurred during the Yuletide holiday when [] 

Fri, 05 Jan 2018
Okechukwu Nnodim, Abuja Residents of Ogoni in Rivers State on Thursday staged a protest against the alleged abandonment of the clean-up of their communities by the Federal Government and oil companies operating in the region. The Ogoni residents took their protest to the headquarters of the Nigerian National Petroleum Corporation in Abuja, where they displayed [] 

Fri, 05 Jan 2018
Six persons died and 14 others were injured in a road crash on the Sokoto-Jega Road in Sokoto State, the News Agency of Nigeria reports. The Sokoto State Sector Commander of Federal Road Safety Corps, Mr. Sani Hamzat, said the crash occurred on Wednesday. He said all the victims were in a Toyota Canter truck, [] 

Fri, 05 Jan 2018
Olufemi Atoyebi, Ibadan Traders at Akande Market in Ogbomoso, Oyo State, said they lost N600m worth of goods to the Tuesday night fire in the market. One of the traders, Jacob Madubuike, who spoke with the officials of the National Emergency Management Agency that visited the market on Thursday, said the tragedy would make life [] 

Fri, 05 Jan 2018
Leke Baiyewu, Abuja The Federal Government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price N145 per litre. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, gave the hint in a presentation at an investigative hearing organised by the Senate on the lingering scarcity [] 

Fri, 05 Jan 2018
The Adamawa State Police Command on Thursday confirmed the arrest of a policeman who was alleged to have killed seven farmers in the state. The News Agency of Nigeria reports that the arrest followed a petition by a non-governmental organisation, Progressive Mind for Development Initiate. The petition signed by the President of the organisation, Abubakar []