NAIJA NEWSPAPERS: TODAY’S THE PUNCH NEWSPAPER HEADLINES [6 JULY, 2017].

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Below are the headlines found on The Punch Online Newspaper for today, Thursday, 6 July, 2017.

Thu, 06 Jul 2017
PAYING tax in Nigeria has always been a political hot potato. Apart from the formal sector employees captured in the Pay-As-You-Earn platform, a majority of self-employed, wealthy individuals and corporate outfits simply evade paying tax. Concerned by this, the acting President, Yemi Osinbajo, has launched an amnesty plan that will allow tax defaulters to regularise [] 
Thu, 06 Jul 2017
Femi Asu Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest decline in production from joint venture assets in the first quarter of this year. The subsidiary of the United States-based ExxonMobil Corporation saw its JV output drop from 11.646 million barrels in January last year to 6.2 million [] 
Thu, 06 Jul 2017
Okechukwu Nnodim, Abuja The Ministry of Power, Works and Housing has received lots of proposals from investors who are interested in providing funds for the expansion of power distribution networks across the country, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Nigeria’s electricity distribution networks are managed by 11 distribution companies, who [] 
Thu, 06 Jul 2017
Akinpelu Dada The United Nations Industrial Development Organisation is set to empower over 500,000 Small and Medium Enterprises, especially operators in the non-oil sector, with adequate skills to enhance their operations and contribute significantly to the nation’s Gross Domestic Product in the next two years. The Chief Technical Adviser, Investment Promotion Division, United Nations Industrial [] 
Thu, 06 Jul 2017
Everest Amaefule, Abuja The Bureau of Public Enterprises is developing a new policy that will attract additional private sector capital to privatised public enterprises, the Director-General of the agency, Mr. Alex Okoh, has said. Okoh said this in a paper delivered at a public forum, according to a statement made available to our correspondent in [] 
Thu, 06 Jul 2017
John Ameh, Abuja The Minister of State for Aviation, Mr. Hadi Sirika, and the leadership of the Nigerian Civil Aviation Authority have been summoned by the House Representatives over the fate of stranded Nigerians in Jeddah, Saudi Arabia. Also summoned was the Ethiopian Airlines, which was engaged to airlift the Nigerians back home. The [] 
Thu, 06 Jul 2017
Anna Okon The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has expressed concerns over the high interest rates in the country, which have remained in double digits. According to the association, this is a major source of concern to the private sector. The National President, NACCIMA, Chief Alaba Lawson, gave the indication [] 
Thu, 06 Jul 2017
Okechukwu Nnodim, Abuja The Federal Government on Wednesday announced the inauguration of the Local Organising Committee on the National Conference for Livestock Development that would help put an end to the incessant clashes between farmers and herdsmen in different parts of the country. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who inaugurated [] 
Thu, 06 Jul 2017
Okechukwu Nnodim, Abuja The Ministry of Petroleum Resources on Wednesday announced the approval of the National Gas Policy by the Federal Executive Council and stated that the development would give rise to the establishment of a single independent petroleum regulatory authority. Currently, the policy and regulatory institutions overseeing the oil and gas industry in the [] 
Thu, 06 Jul 2017
IFE OGUNFUWA writes on some opportunities for entrepreneurs to expand their businesses Entrepreneurs with innovative ideas, who are ready to improve on their methods, win cash prizes and gain international recognition can take advantage of some competitions. Hogan Lovells Community Solar Innovation Awards 2017 In support of initiatives of businesses that use solar [] 
Thu, 06 Jul 2017
Ifeanyi Onuba, Abuja The Federal Government on Wednesday said it was taking steps to address some of the impediments facing the Students Industrial Work Experience Scheme. The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, stated this at the opening session of the SIWES expanded stakeholders’ meeting held in Abuja. The meeting was organised [] 
Thu, 06 Jul 2017
Femi Asu with agency report Addax Petroleum had agreed to pay 31 million Swiss francs ($32m) to settle charges of suspected bribery of foreign officials, the Geneva prosecutor’s office said on Wednesday. Prosecutors for the Swiss canton of Geneva investigated the company, whose chief executive officer and legal director were also charged, over several tens [] 
Thu, 06 Jul 2017
Although Nigerian banks have invested several millions of naira in deposit-enabled Automated Teller Machines, especially in major cities, reports show that not many of them are being used by customers. The reason is obvious: Most of customers are afraid of technical errors by the machine or some form of mistakes on their own part. According [] 
Thu, 06 Jul 2017
The proposed mandatory takeover bid offer period by Nipco Investment Limited of 3.23 per cent equity stake representing 11,644,544 ordinary shares of 50 kobo each in Mobil Oil Nigeria Plc (held by qualifying shareholders), has been extended. Further to the earlier closure date announced for the submission of completed acceptance form(s), Cordros Capital in a [] 
Thu, 06 Jul 2017
Oyetunji Abioye with agency report The Federal Government is planning to borrow between N360bn and N450bn via sovereign bonds maturing between five and 20 years in the third quarter, the Debt Management Office has said. The DMO said on Wednesday that it would auction between N90bn and N120bn in the five-year note and between N135bn [] 

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Thu, 06 Jul 2017
Oil prices plunged more than three per cent on Wednesday, ending the longest bullish streak in five years, as more evidence indicated exports by the Organisation of Petroleum Exporting Countries rose last month. US West Texas Intermediate crude futures fell $1.69, or 3.6 per cent, to $45.38 per barrel at 12:23 p.m. ET, erasing much [] 
Thu, 06 Jul 2017
Femi Asu A global energy provider, Eni, has said it is committed to achieving zero gas flaring in Nigeria and other African countries where it operates by 2025. A statement on Wednesday said a delegation from the Italian oil major to the World Bank underlined alignment with the World Bank’s access to energy and gas [] 
Thu, 06 Jul 2017
Femi Asu Electricity-starved residents of Magboro, Ibafo, Mowe and other Ogun communities may not receive power supply from the national grid any time soon as work on a 33KV line, awarded by the Niger Delta Power Holding Company Limited, has hit a fresh snag. The Ibadan Electricity Distribution Company Plc said last month that it [] 
Thu, 06 Jul 2017
Anna Okon A new Act seeking to remove control of the Nigeria Customs Service from the Finance Ministry and place it under a commission is currently the subject of argument among stakeholders in the maritime sector. The bill recently passed by the Senate known as the Nigeria Customs Service Management Act, (Repeal and Re-enactment) Bill [] 
Thu, 06 Jul 2017
Olufemi Atoyebi, Ibadan Diamond Bank on Wednesday in Ibadan rewarded 41 of its customers in the South-West with cash prizes worth N25m and a new Hyundai car, shortly after its Diamondxtra promotion draw. While one person won the car, 30 people won N500,000 each with 10 other customers winning N1m each in the promotion. The [] 
Thu, 06 Jul 2017
Freight forwarders have expressed worry over security in the nation’s inland waterways, saying that it will be risky to move cargo through the route. The National Coordinator, Save Nigeria Freight Forwarders Association, Chief Osita Patrick, expressed this fear in an interview with our correspondent. When asked if the agents would explore the waterways as an [] 
Thu, 06 Jul 2017
A group, the Alumni of the Maritime Academy of Nigeria, has called on the government to strengthen the academy by providing adequate training facilities, functional simulators and other educational aids. The group also called on the government to provide access to training vessels for cadets, research and development facilities and experienced lecturers. In a statement, [] 
Thu, 06 Jul 2017
Femi Asu Interswitch, an integrated payments and transaction switching company, and EVSL have broadened the distribution network of an electronic fuel-purchasing solution, in further partnership with the OVH Energy Marketing, Forte Oil and Rain Oil. A statement from OVH said a strategic partnership was sealed between Interswitch and EVSL, which developed the solution called FuelVoucher [] 
Thu, 06 Jul 2017
Stanley Opara Sovereign Trust Insurance Plc has reported a full-year (2016) pre-tax profit of N45m. This represents 89.65 per cent drop compared to N430.5m reported in 2015. Its full-year net premium income stood at N3.92bn for 2016 compared to N3.93bn reported a year ago The insurer said no dividend was proposed in respect of the [] 
Thu, 06 Jul 2017
Nike Popoola LASACO Assurance Plc on Wednesday announced that its profit before tax rose by 183 per cent in the 2016 financial period. The Chairman of the company, Mrs. Aderinola Disu, during the company’s 37th Annual General Meeting in Lagos, said, ‘Profit before tax for the year increased by 183 per cent from N404m achieved [] 
Thu, 06 Jul 2017
Femi Asu Danvic Petroleum International Corporation has produced the first set of graduates from its training centre after a six-month geosciences training. The company’s Managing Director/Chief Executive, Dr. Mayowa Afe, said at the graduation ceremony in Lagos that the Danvic Petroleum Training Centre was set up to bridge the gap between the universities and the [] 
Thu, 06 Jul 2017
RusselSmith, an integrated oilfield services firm, has announced the expansion of its subsea asset integrity management service offerings. The services, according to a statement, include subsea pipeline inspection, underwater inspection in lieu of dry-docking inspection, jack-up rig inspection, flooded member inspection and mooring inspection. The Vice-President, Operations, RusselSmith, Sooravan Tharmalingam, said, ‘We are strategically expanding [] 
Thu, 06 Jul 2017
Etim Ekpimah, Uyo Akwa Ibom State Governor, Udom Emmanuel, has approved the construction of a 10,000-seater stadium in Eket town in Eket Local Government Area of the state. The Commissioner for Sport, Mr. Monday Ukoh, who inspected the old Eket Stadium on Wednesday, said the new facility would be completed before the end of May [] 
Thu, 06 Jul 2017
Blessing Okagbare qualified for the London 2017 World Athletics Championships after jumping 6.77m to finish in the second place at the Gyulai Istvan Memorial Athletics Grand Prix meet in Hungary on Tuesday. The 2008 Olympics bronze medallist (long jump) secured qualification for the 100m and 200m races of for next month’s London 2017 in June. [] 
Thu, 06 Jul 2017
Festus Abu Belgian Jupiler League giants KAA Gent are fighting tooth and nail to keep Super Eagles centre-back William Troost-Ekong at their 20,000-capacity Ghelamco Arena next season. Reports in Turkey on Wednesday claimed that Super Lig club Bursaspor had agreed person al terms with Troost-Ekong for a summer switch to the Timsah Arena. Frenchman Paul [] 
Thu, 06 Jul 2017
Nigeria captain Mikel Obi has set tongues wagging after he deleted all pictures where his Russian girlfriend Olga Diyachenko appeared on his Instagram account. The pair welcomed their twins in 2015 after reportedly dating for two years when Mikel was playing for Chelsea. Mikel, who joined Chinese club Tianjin TEDA in a reported 140,000-a-week deal [] 
Thu, 06 Jul 2017
Last edition of Saturday Punch’s interview with the National Legal Adviser of the All Progressives Congress, Dr. Muiz Banire, SAN, is a clincher that things are fast falling apart in the political empire of National Leader of the All Progressives Congress, Bola Tinubu. Of course, Banire is one of Tinubu’s closest political foot soldiers having [] 
Thu, 06 Jul 2017
There is no denying the fact that Nigeria faces a major challenge of lack of continuity in governance. Once a new government comes in, it dumps most of the previous administration’s initiatives, and crafts new ones. Sometimes, in order to adopt a past government’s policy without giving the impression that it is not its original [] 
Thu, 06 Jul 2017
Senator Bukar Ibrahim of Yobe East was recently caught in a sex scandal, and his best response was to flippantly dismiss the incident by acting genuinely surprised that anyone could take him up on his private morals. If a senator of the Federal Republic of Nigeria does not understand that his alleged sex romp with [] 
Thu, 06 Jul 2017
Acting President Yemi Osinbajo scored a bull’s eye with his identification of the pathogen causing the eruption and inflammation of ethnic animus across Nigeria recently. Speaking June 14 to influencers from the South-East, and before them those from the North, Osinbajo pointed to the failure of communication. The Acting President stated: ‘It is also clear [] 
Thu, 06 Jul 2017
Teachers are critical nation-builders. With a standard and up-to-date teacher, qualitative impartation of knowledge will never be in doubt with glowing outcomes. It is on this strength that a nation cannot grow beyond the quality of her teachers (and the way it treats her teachers). Teachers are responsible for the production of the needed professionals [] 
Thu, 06 Jul 2017
Samuel Awoyinfa, Samson Folarin and Afeez Hanafi Jungle justice on suspected members of Badoo continued on Wednesday at Ebute, Ipakodo, Ikorodu, Lagos, when a yet-to-be identified man was set ablaze by residents. This is just as the state police command says it has screened over 100 arrested suspected members of the gang and arraigned those [] 
Thu, 06 Jul 2017
Afeez Hanafi and Sodiq Oyeleke After three weeks of communication silence, abductors of six pupils of the Lagos State Model College, Igbonla, Epe, have contacted some parents of the victims again. PUNCH Metro learnt on Wednesday that the kidnappers also allowed the parents to speak with all the children, promising that they would be released [] 
Thu, 06 Jul 2017
Femi Makinde, Osogbo Students of the Osun State University on Wednesday took over the popular Olaiya Junction and some streets in Osogbo, burning tyres and vandalising property as they protested against the disappearance of their colleagues. A 400-level student of Microbiology Department, Sakariyau Abdulrofiu, was called out by a neighbour, who is popularly known as [] 
Thu, 06 Jul 2017
Peter Dada, Akure Some suspected armed robbers on Wednesday attacked a bullion van on the Akure-Ondo Expressway at Ireje village in the Ondo East Local Government Area of Ondo State. According to an eyewitness, the robbers, who were inside two vehicles, suddenly opened fire on the bullion van at about 1pm. It was gathered that [] 
Thu, 06 Jul 2017
No fewer than three persons have been feared killed in a cult clash in Alode community, in the Eleme Local Government Area of Rivers State. The trio were said to be members of a cult, who had gone on a reprisal for the alleged burning of their houses and the killing of their leader. A [] 
Thu, 06 Jul 2017
Friday Amobi and Ovie Okpare There is anxiety among lawyers in Rivers State following the abduction of two of their colleagues in the state. The victims, identified as Ibim Opusunju and Carol Tolofari, who are the vice chairman and the secretary of the Judicial Staff Union of Nigeria respectively, were whisked away on Sunday. They [] 

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