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NAIJA NEWSPAPERS: TODAY'S THE DAILY TIMES NEWSPAPER HEADLINES [4TH FEBRUARY, 2017].


Below are the headlines found on The Daily Times Online Newspaper for today, Monday, 5th February, 2017.

Mon, 05 Feb 2018
Controversy is now trailing the stance of the Senate to put further confirmation of about 60 nominees from President Muhammadu Buhari on hold, pending action of the President over its rejection of the acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu. Incidentally, the stand-off between the executive arm and the Senate over the status of Magu has continued to affect the smooth running of the affected Federal Government agencies, The Daily Times can report. 

The Senate had on two occasions rejected Magu on the grounds of adverse report from the DSS. The rumblings between the two arms of government has affected several nominees of Buhari who he considered for appointment several months ago, and who the Senate had refrained from clearing as required by law. 
About 60 nominees of President Buhari are still having their fate hanging in the balance since the Senate continues to put their case in abeyance in protest against the retention of Magu by Buhari as the Acting Chairman of the EFCC. 

Most affected government agencies still having problems clearing their nominees in the Senate include the Central Bank of Nigeria (CBN), Monetary Policy Committee (MPC), National Pension Commission (PenCom), Independent Corrupt Practices and Other Related Offences Commission (ICPC), National Lottery Regulatory Commission (NLRC), the Niger Delta Development Commission (NDDC) and Federal Roads Maintenance Agency (FERMA).  

Mon, 05 Feb 2018
Despite continuous injections of US Dollar into the official foreign exchange market to support the local currency, the Nigerian external reserves during the first month in 2018, has recorded a whopping gain of $1.85 billion, while compared $40.625bn stood as at end of January 30, 2018 from $38.765 bn closed on December, 29, 2017, data obtained from the Central Bank of Nigeria (CBN) website showed. This development means that the apex bank has till the end of next year to achieve its projected $60bn external reserves, even as it currently standing at over $40.6bn, less than two months into the year. However, a breakdown of the current external reserves figure showed that the first week in January, between Tuesday 2nd and Friday January 5th, 2018, recorded a total appreciated figure of $246.503 million to close at $39.158bn as of January 5th, 2018. At the close of second week, the reserves had increased to $39.531bn, accounting for total gains of $193.29m, while compared with the previous week closing rate of $39.338bn. The Nigerian foreign reserves moved to $39.720bn at end of the third week in the month, showing growth of $264.124 m higher than $193.298m declared in the previous week in January, 2018. The Daily Times analysis, however, showed that the reserves, between Monday 22, January, 2018, extended to Tuesday 30, of the following week, accounted for the highest gains of $474.02m during the first month of 2018. Although, our checks proved that the external reserves in 2017 recorded total gain of nearly 50 per cent or $12.9bn in just one year, between 2016 and 2017. The external reserve, which was seen at $25.8bn as at the beginning January 2016, grew to $38.73bn as of December 28, 2017, represented the latest figure of the external reserves. In November, 2017, the Federal Government of Nigeria raised total sum of $3bn through Eurobonds, which was oversubscribed by about $11bn and split across 10-year and 30-year tranches at issuance yield of 6.5 per cent and 7.625 per cent, respectively. Also, increased inflow from Diaspora remittances has also being said to have contributed immensely to the Africa’s largest economy forex reserves. the reserves table showed that in just one month gained total sum of $3, 785,413,314bn, between November 30, 2017 closing figure of $34, 945,550,023bn and December 28,2017 balance figure of $38,730,963,337bn. The central bank’s statistic showed that a week earlier, as of December 22, the Nigeria’s forex reserves stood at $37.92bn, represented 10.1 per cent from a month earlier. But stood at $34.53bn as of November 24, up nearly 3 per cent from a month earlier, with a balance of $33.58 bn at the same date in October, represented 40.5 per cent while compared to the balance in the corresponding period in 2016. CBN spokesman, Mr. Isaac Okorafor, had noted the increase in foreign reserves can be attributable to peace in the oil-rich Niger-Delta region of the country, which resulted into increased oil output and earnings. He had said with the sustained interventions, the apex bank has been able to push foreign exchange demand away from the parallel market into the formal regulated market. In the second quarter, the oil sector grew significantly by 17.04 percentage points from -15.40 per cent recorded in Q1 2017 to 1.64 per cent, reflecting the relative peace in the Niger Delta, increased oil output from the region and increase in oil prices. The nation’s economy, which recently exited from recession, with data from the National Bureau of Statistics (NBS) showing that the Gross Domestic Product (GDP) expanded by 0.55 per cent in the second quarter (Q2) of 2017. The growth in GDP was driven mainly by the performance of the oil & gas and three other sectors.


Mon, 05 Feb 2018
The House of Representatives Committee on National Intelligence and Public Safety has said that it is worried about the whereabouts of $202million out of the $289million intervention fund approved for the Nigeria Intelligence Agency (NIA) by the former President Goodluck Jonathan administration. Chairman of the House committee, Hon Sani Jaji Aminu, who disclosed this at the weekend in Abuja while speaking to journalists, said that the committee has cleared the newly appointed Director General of the NIA, Ahmed Rufai Abubakar, over allegations made against him, including that of failing his promotion examination, incompetence, his citizenship and that of his wife. Commenting on investigations carried out by the House committee following the controversy generated by Rufai’s appointment by President Muhammadu Buhari, the lawmaker declared that the committee established based on evidence presented before it that the new NIA boss passed his promotion examination and that his citizenship as well as that of his wife were not in doubt. On the funds in foreign currencies said to be missing from the vault of the agency, the committee chairman said what could be termed to be missing, is the balance of $289million after subtracting the $43.4million operations cash discovered by the Economic and Financial Crime Commission (EFCC) at apartment on 7b Osborne Towers, Ikoyi, Lagos and another $44milion purported to be missing, which in actual fact is not. Aminu said that “$44m is not missing; they moved it from one place to the other,” adding that the money was moved from the agency to another place pending when they are settled. According to him, “what is actually missing is $202million when the $43million recovered from Ikoyi is added to the alleged $44million and subtracted from the original $289million.” He disclosed that upon this new discovery, that the committee has intensified efforts to get to the bottom of the missing funds, stating that “we are intensifying our investigation. Whatever they did with the money, we will know.” Aminu further declared that past director generals of the intelligence agency, directors of finance and other critical to ascertaining the whereabouts of the remaining $202million will be summoned by the committee to testify. He asserted that after series of engagements his committee has had behind closed doors with the new NIA boss, “there is no iota of truth in the petition that was written by an anonymous person against him. “It is an anonymous petition containing wide allegations and every allegation could not be substantiated. “First and foremost, there was no protest in the agency as the immediate acting director general, Amb. Mohammed Dawudu was invited and gave his perspective.”


Mon, 05 Feb 2018
The Peoples Democratic Party (PDP) has described the declaration by former President Ibrahim Babangida that President Muhammadu Buhari should not seek a re-election in 2019 as apt and yet another pointer to the fact that Nigerians across divides have reached a consensus against President Buhari and his party, the All Progressives Congress (APC). This is just as the party commended the former military President for admonishing the APC’s attempt to use its phony restructuring agenda as a decoy for wooing voters ahead of 2019 election. The party said General Babangida’s position on the need for a dynamic, nationalistic and development-driven leadership is a direct reflection of the feeling and aspirations of Nigerians and completely captures the direction of the repositioned PDP for a better Nigeria. PDP National Publicity Secretary, Kola Ologbondiyan, in a statement on Sunday said the fact that General Babangida’s declaration on President Buhari is coming on the heels of similar declaration by former President Olusegun Obasanjo, has further vindicated PDP’s position on the misrule of the Buhari administration and the APC. The PDP further described as an understatement, General Babangida’s reflection that the Buhari administration and its APC has polluted the nation’s “leadership actuality” adding that it is not unmindful of the yearnings of Nigerians to use the platform of the repositioned PDP to propagate a new coalition that would return the much desired new atmosphere in the polity by producing the president that will acceptable to the majority of Nigerians. It is now obvious to all that the time has come for all Nigerians to jettison all personal interests and divisive tendencies and rally forces under a truly national platform as now embodied in the PDP to rescue our dear nation from total collapse. In line with the new consensus for the election of a truly Nigerian President in 2019, the repositioned PDP is completely open as the epicenter of the much desired new broad-based political engagement of all Nigerians in their aspirations irrespective of creed, tribe or class. The repositioned PDP presents that credible platform, re-engineered with best democratic standards for unhindered accommodation of all interests from all parts of the country in our collective search for a new beginning. We therefore urge all Nigerians, particularly our leaders across board, to join forces with the PDP to once again return the nation to its pride of place as a thriving economy and a truly democratic nation come 2019. 

Mon, 05 Feb 2018
Petroleum Tanker Drivers Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has assured the Nigerian National Petroleum Corporation (NNPC) that itThe post Petroleum union denies embarking on industrial action appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
he Nigerian Electricity Regulatory Commission (NERC),has commended the effort so far made by the Enugu Electricity Distribution Company (EEDC) in executing its asset and customerThe post NERC lauds EEDC customers enumeration exercise appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Chief Willy Ezugwu, a highly rated national leader in the Nigerian Civil Society community is a traditional ruler and the life Patron of the CoalitionThe post Enugu 2019: Why there cant be strong opposition to Ugwuanyis return Ezugwu appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
President Muhammadu Buharis reelection bid in 2019 suffered another setback on Sunday as former Military President Ibrahim Badamasi Babangida (IBB), urged him not to extendThe post BREAKING- IBB to Buhari: Dont seek second term appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
A popular blind cleric and General Overseer, Hour of Mercy Prayer Ministry International, Prophet Moses Muyideen Kasali, has advised President Muhammadu Buhari to bow outThe post 2019: Go home with your honour intact and rest Cleric tells Buhari appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
The All Progressives Congress (APC) in Ondo State has urged President Muhammadu Buhari to dissolve the board of the Niger Delta Development Commission (NDDC) followingThe post APC urges Buhari to dissolve NDDC board appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
The Independent National Electoral Commission (INEC) in Katsina State has fixed Saturday, February 10 for re-run election for the Mashi/Dutsi Federal Constituency of the HouseThe post Re-run for Mashi/Dutsi Federal Constituency of Katsina holds Saturday appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Supporters of Ekiti State governorship aspirant, Dr. Makanjuola Akindele Owolabi (MAO) have expressed their conviction for their candidates victory at the upcoming polls in theThe post Ekiti Gov election: Stakeholders rally support for Owolabi appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
* I did not authorize the statement IBB * No, I received approval from ex-military president- Kassim Afegbua Controversy has continued to trail theThe post Controversy as IBB asks Buhari not to seek reelection in 2019 appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
The Hausa community in Ebonyi State at the weekend rolled out drums celebrating the appointment of two Hausa men as Technical Assistants on Herdsmen affairsThe post Gov Umahi appoints 5 Hausas as technical assistants appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
*Departing MD flouts SGFs hand over circular *Workers threaten strike over action Crisis is brewing in the Transmission Company of Nigeria (TCN) over the choiceThe post Tension in TCN over appointment of new helmsman appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Nigerias quest for a maiden African Nations Championship title will wait for another two years after the home-based Super Eagles lost on Sunday night toThe post How Morocco Beat Nigeria 4-0, Emerge African Nations Champions appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
The Nigerian Autonomous Foreign Exchange (NAFEX) window has lifted liquidity in the Nigerian foreign exchange market, with total transactions turnover of $1.688 billion in justThe post NAFEX declares $1.7bn as Naira rebounds at unofficial FX market appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Arik Air, Nigerias largest carrier is resuming its Garden City Express which enables customers to fly direct to the heart of Port Harcourt City fromThe post Arik air resumes services to Garden City Express appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
. As capitalization loses 2.09 per cent For the week ended 2nd February ,2018, the equities markets key performance indices declined following sustained investor sentimentThe post NSE: New pricing methodology week closes market bearish appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
The companys end of year result for the period ended 31 October , 2017 showed that key performance indices closed positive, which if not checkedThe post Greif posts 41% hike in revenue as cost of sales soars by 38% to N1.15bn appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Oando PLC has notified the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer.The post Oando appoints Zubairu as Director appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
University Press Nigeria Plc has shown commitment t to rewarding shareholders with enhanced values as its performance indices continue on bullish note. The companys unauditedThe post University press Q3 result reflects positive margins appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Road Transport Employers Association of Nigeria (RTEAN), has urged the Federal Government to stop controlling the distribution of fuel and endeavour to end scarcity inThe post RTEAN urges FG to hands off fuel distribution appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
Africa Prudential Plc has raised the bar in registrars business and shareholder experience in Nigeria when the company unveiled her new USSD code *4018# atThe post Africa Prudential launches USSD Code *4018# appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

Mon, 05 Feb 2018
With a total of $10.95 billion worth of the Naira-settled OTC FX Futures contracts traded on FMDQ,the Futures Exchange, transactions and activities have commenced inThe post 19th OTC FX Futures Contract matures and settles on FMDQ appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers 

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