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


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

Fri, 05 Jan 2018
PETROL price may go up – to at least N180 per litre, it was learnt yesterday.

Minister of State for Petroleum Resources Dr. Ibe Kachikwu, who dropped the hint in Abuja, said N145 per litre could no longer be sustained.

In a presentation he made to a joint committee on Petroluem (Downstream) of the Senate and the House of Representatives, the Minister put the landing cost of petrol at N171 per litre.

According to him, the Federal Government, through the Nigerian National Petroleum Corporation (NNPC), has been bearing the cost of N26 per litre, representing the difference between N171 and N145 per litre.


 
Independent marketers, Kachikwu said, would not be able to import Premium Motor Spirit (PMS) at the current foreign exchange rate. They were able to sell for N145 per litre when the exchange rate was N285 per dollar. The naira exchanges for  N365 to dollar.

Kachikwu said the NNPC had incurred a cumulative loss of N85.5 billion importing petrol and selling at the current retail price of N145 per litre within three months.

He said N145 per litre was fixed in the first quarter of 2016 when crude oil was selling for $49. With crude price rising to $67 a barrel ($68 yesterday), the pump price is no longer sustainable, he claimed.

Kachikwu said the landing cost of PMS, which was N133.28 per litre in 2016, is now N171 per litre.

This forced independent marketers to stop importing petrol.

The NNPC has been the sole importer since October.


 
“We now have to go back and find solution to this problem to ease supply gaps and ensure availability of the product at all times,” the Minister said.

Kachikwu, however, proffered three alternative solutions to pump price increase:

getting the Central Bank of Nigeria (CBN) to introduce a modulated foreign exchange rate specifically for importers of the product;
giving the marketers significant tax adjustments to enable them absorb the high cost; and
a plural pricing system whereby the NNPC would continue to sell at N145 through its numerous outlets while the marketers are allowed to fix their own price.
The Minister identified causes of the last fuel scarcity to include diversion of products, logistic constraints, bottleneck associated with clearance, bad road network, insufficient product reserves, smuggling through land borders, supply gaps and enforcement challenges.
Fri, 05 Jan 2018
Benue leaders yesterday described the New Year’s Day killings as a planned genocide.

Three socio- cultural groups, Mdzough U Tiv, Idoma National Forum and Omi Ny’Igede,  told reporters at a joint news conference in Abuja that the government failed to prevent the killings of about 20 people.  .

According to them, there was an alleged armed militia build-up and convergence at the Nigeria- Cameroon border and at the Agatu border with Nassarawa State to the Northwest of Benue State.

The statement said: “We the people of Benue State here represented by the Mdzough U Tiv, Idoma National Forum and  Omi Ny’Igede ,the principal umbrella socio- cultural groups of the Tiv., Idoma and Igede nations wish to inform the world of the callous and barbaric unprovoked attack resulting into possible genocide and destruction of lives and properties of the Benue people by Fulani herdsmen which incidence commenced on the 1st January, 2018.


 
“It was reliably gathered that the leadership of the Miyetti Allah Kautal Hore held clandestine meetings in Nigeria and abroad to visit mayhem and genocide on the people of Benue State.

”The plot was said to be multi- directional and aimed to simultaneously invade and and attack Benue from every angle so that there would be no escape for our defenseless people,” the Organisations said.

They claimed that over two thousand men, women and children had died since the attacks began five years previously. “Over 500 people are still missing while over half a million people are displaced and the future of almost a million youths truncated.”

They called on  the APC-led government and all political parties to stand against “the planned genocide” while expressing their disappointment in the President for his inaction
Fri, 05 Jan 2018
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru said 4501 petrol trucks were simply untraceable, vanishing from the Nigerian radar, during the biting fuel supply crisis.

“Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct Purchase Consortia had rejected October cargoes, there was insinuation of a supply gap,” he said  Thursday at an investigative public hearing by a Joint Senate and House of Representatives Committees on Petroleum Downstream, at the National Assembly Complex, Abuja.

Baru disclosed that during the period,  NNPC could not track the movement of 4,501 trucks representing the quantity of the disappeared products.

According to him, the nation lost about 148,533,000 million litres of fuel to the suspected diversion during the December fuel crisis.


 
The NNPC GMD listed some of the key factors which were responsible for the crisis to include insufficient reserve, clearance speed, supply gap, diversion, hoarding, panic buying and smuggling.

He noted that prior to the crises, NNPC had 1.9 billion litres strategic reserve of Premium Motor Spirit (PMS), which would have lasted for 53 days but that due to panic buying, diversion and hoarding, the Corporation was unable to cope with the daily nation consumption of 37 million litres of PMS, which led to the presence of long queues at petrol stations across the country.

Fri, 05 Jan 2018
AF has named Egyptian, Mohamed Salah as the 2017 African Footballer of the Year while Nigerias Asisat Oshoala picked the award for the female version. The award gala took place in Ghana inside the beautiful International Conference Centre in Accra with a host of former award winners on parade. The newly elected Liberian president GeorgeRead MoreThe post Mohamed Salah is 2017 CAF African Footballer appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
AF has named Egyptian, Mohamed Salah as the 2017 African Footballer of the Year while Nigerias Asisat Oshoala picked the award for the female version. The award gala took place in Ghana inside the beautiful International Conference Centre in Accra with a host of former award winners on parade. The newly elected Liberian president GeorgeRead MoreThe post Mohamed Salah is 2017 CAF African Footballer appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
After a two-week of recuperation, former Senate President David Mark was back yesterday at the Economic and Financial Crimes Commission (EFCC) in connection with alleged N5.4billion slush funds. A former Minister of State for Niger Delta, Mr. Sam Ode, is being probed for N2billion campaign funds meant for Benue State. Mark reported to the EFCCRead MoreThe post Mark returns to EFCC for another grilling appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
After a two-week of recuperation, former Senate President David Mark was back yesterday at the Economic and Financial Crimes Commission (EFCC) in connection with alleged N5.4billion slush funds. A former Minister of State for Niger Delta, Mr. Sam Ode, is being probed for N2billion campaign funds meant for Benue State. Mark reported to the EFCCRead MoreThe post Mark returns to EFCC for another grilling appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Another Chibok schoolgirl has been rescued in Borno State by troops. Two batches of 21 and 82 girls have been freed as a result of the Federal Government's negotiations with the Boko Haram terrorist group. Three were rescued by troops bringing the number of freed Chibok girls so far to 106. The girls ' 218Read MoreThe post Troops rescue Chibok girl Solomi Pagu appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Lagos lawyer Femi Falana (SAN) has urged the Federal Government not to succumb to the pressure of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to increase the pump price of fuel from N145. He described as illegal the price increment from N145 to N250 in some parts of the country by IPMAN. Falana saidRead MoreThe post Falana to govt: don't succumb to pressure on fuel price hike appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Lagos lawyer Femi Falana (SAN) has urged the Federal Government not to succumb to the pressure of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to increase the pump price of fuel from N145. He described as illegal the price increment from N145 to N250 in some parts of the country by IPMAN. Falana saidRead MoreThe post Falana to govt: don't succumb to pressure on fuel price hike appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Six people made up of four suspected cultists and two others were yesterday killed in three attacks in three Local Government Areas of Rivers State. The killings came four days after the notorious New Year dawn attacks in which 17 people were murdered. Yesterday's killings took place iin Ahoada Local Government, Egbeda in Emohua LocalRead MoreThe post Six killed in Rivers appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Morison Industries Plc will today close the application list for its ongoing rights issue. Morison Industries is raising about N502.2 million in new equity funds through new share sale to existing shareholders. Morison Industries is offering a rights issue of 836.98 million ordinary shares of 50 Kobo each at 60 Kobo per share on theRead MoreThe post Morison Industries closes application for N502.2m rights issue appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
A section of the Fulani community has attributed the Benue killings to the enactment of an anti-open grazing law by the Benue State government. Fulani Group Gan Allah Fulani Development Association of Nigeria (GAFDAN) said the anti-open grazing law initiated by Governor Samuel Ortom had serious effect on peace in the state. 'The law isRead MoreThe post Enforcement of anti-open grazing law cause of Benue killings appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Three people have been killed in another attack on a village in Benue State, a few days after the New year Day's attack that led to the killing of about 20 people. TheWednesdaynight/early yesterday's attack took place in Anyiin, the country home of ex Governor Gabriel Suswam. The attackers are believed to be FulaniRead MoreThe post Three persons killed in attack on Benuevillage appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Nigeria's port concession exercise has been successful and it is 'doing very well,' the Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, has said. He, however, said the Commission was working with the Nigerian Ports Authority (NPA) to carry out an in-depth study on the best mechanism for the review of the 11-yearRead MoreThe post ICRC: Port concession has been successful appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Minister of Agriculture and Rural Development Audu Ogbeh yesterday tagged the recent killings in Benue, Kaduna, Rivers and Kwara as harvest of deaths. Ogbeh, who expressed sadness over the continued spate of killings across the country urged the people to seek divine intervention. He noted that the New Year which ought to be a seasonRead MoreThe post Minister: Benue, Kaduna killings disturbing appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Minister of Agriculture and Rural Development Audu Ogbeh yesterday tagged the recent killings in Benue, Kaduna, Rivers and Kwara as harvest of deaths. Ogbeh, who expressed sadness over the continued spate of killings across the country urged the people to seek divine intervention. He noted that the New Year which ought to be a seasonRead MoreThe post Minister: Benue, Kaduna killings disturbing appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Potential students seeking admission have been urged to embrace the Federal School of Occupational Therapy, Oshodi. According to the Medical Director of Federal Neuropsychiatric Hospital, Yaba, Lagos, owners of the school, Dr Oluyemi Ogun, the field of occupational therapy is lucrative. She stated this at the institution's matriculation of 58 intakes. On the relevance ofRead MoreThe post 'Occupational therapy lucrative profession' appeared first on The Nation Nigeria. 

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Fri, 05 Jan 2018
The Nigerian Union of Local Government Employees (NULGE) has put in place measures to ensure that state assemblies pass the local government autonomy bill, its National Executive Council (NEC) has said. At its meeting in Abuja, NULGE resolved to declare a national day of prayers to make the members of houses of assembly support councils'autonomy.Read MoreThe post NULGE takes autonomy battle to state assemblies appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
The Chairman of the Senate committee on Interior, Andy Uba,has condemned the killings in Benue, Rivers and Kaduna states. He described the killings as sheer heartlessness and barbaric and urged the relevant security agencies to bring the criminals to book. He said the perpetrators were out to destabilise the relative peace being enjoyed across theRead MoreThe post Senate summons Dambazau appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
The Federal Neuro-Psychiatric Hospital, Yaba, Lagos recorded a 15 percent increase in its attendance for last year. This is a 35 percent increase in male attendance and one percent in female. The hospital's Medical Director, Dr Oluyemisi Ogun, stated this at the presentation of last years annual report. Mrs Ogun said in 2016, the hospitalRead MoreThe post More patients 'attend Neuropsychiatric hospital' appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
National Union of Food Beverage and Tobacco Employees (NUFBTE) and the Michael Imoudu Labour Institute have collaborated to boost employees'knowledge on industrial and labour relations. Speaking at the event, which held at the NUFBTE National Secretariat, Michael Imoudu Labour Institute MINILS Director-General, Alhaji Saliu Ishaq, said the institute has broaden its activities to meet withRead MoreThe post NUFBTE partners MINILS to boost workers' industrial relations knowledge appeared 

Fri, 05 Jan 2018
Another set of very dangerous germs that often poison us through what we consume are hepatitis A and E. Both hepatitis A and E are viruses. Hepatitis means inflammation of the liver. Therefore, the primary area that hepatitis A and E will cause most damage is in the liver. Human beings have only one liver.Read MoreThe post Food and water poisoning: Hepatitis A and E appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
A member of the House of Representatives, representing Ikorodu Constituency, Hon Babajimi Benson, has said regular training of local government's executives will boost their service delivery. Benson said the training, aside ensuring good governance, leaders of the various local governments, would be able to effect positive changes in the lives of their constituents as theyRead MoreThe post Lawmaker: why council executives should be trained appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
It is not often that churches hold blood donation campaigns. But the Catholic Church of the Annuciation, FESTAC, Lagos blazed the trail when its members came out to donate blood. Joseph Eshanokpe reports Catholic Church of the Annuciation, FESTAC Town, and Mother and Child Hospital, Amuwo-Odofin, Lagos have held a blood donation camp at theRead MoreThe post Church, hospital promote blood donation appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Government must get to the root of the killings and punish culprits Residents of Omoku, headquarters of Ogba/Egbema/Ndoni Local Governent Area of Rivers State who lost at least 15 of their own to a senseless cold blooded murder perpetrated by yet-to-be identified killers in the early hours of January 1 could only have responded coldlyRead MoreThe post Rivers' bloodbath appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
New law makes it compulsory for hospitals not to reject gunshot victims Just before President Muhammadu Buhari signed the Compulsory Treatment and Care for Victims of Gunshot Act, 2017, in the last week of last year, an incident in Bayelsa State had further highlighted the need for the law. It is worth recounting in detailRead MoreThe post Treatment first appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
In fulfilment of its promise inensuring that customers receive the best possible access to great entertainment, digital Pay TV company StarTimes, has added new channel, 'Love World Plus' to its bouquet without extra charges to subscribers. The new content offering is a religious channel for Christian, who want to enjoy interesting Christmas carols, religious teachings,Read MoreThe post StarTimes makes debut with LoveWorld Plus appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
SIR: President Donald Trump recently denigrated Nigerians both at home and in diaspora with his snide remarks on the proclivity of Nigerians to overstay in the U.S. beyond the period prescribed in their visas. The U.S and other European countries have become the destination choice of millions of Nigerians who usually migrate through series ofRead MoreThe post Trump's denigration of Nigeria appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Minister of Labour and Employment Senator Chris Ngige has assured Nigerians of a brighter year, adding that the Federal Government has moved to stem job losses and create new ones. The Minister, in a New Year message, urged Nigerians not to tremble over the statistics on job losses released by the National Bureau of StatisticsRead MoreThe post Fed Govt to stem job losses, says Ngige appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
A former chieftain of the Peoples Democratic Party (PDP) in Ekiti State, Afolabi Ige, examines why the party failed to manage its achievement when it was the ruling party for 16 years. Nigeria returned to a hard earned democracy in 1999. Gen. Olusegun Obasanjo (rtd) emerged as the 1st elected civilian president from one ofRead MoreThe post PDP: Battling with fading influence appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Ekiti State Peoples Democratic Party (PDP) governorship aspirant Prince Dayo Adeyeye told Correspondent ODUNAYO OGUNMOLA in Ado-Ekiti, the state capital, that only a free and fair primary can avert doom for the party during the poll. A faction has emerged in your party that calls itself 'Fresh PDP.' What is your reaction' I am nowRead MoreThe post Adeyeye: On credible primary I stand appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Subscriptions for the Sovereign Green Bond stood at N10.791 billion at the close of the offer, the Debt Management Office (DMO), said yesterday. It said the amount received from the offer was higher than the N10.69 billion offered. The offer was oversubscribed. Among the investors were banks, pension funds, asset managers and retail investors. TheRead MoreThe post Green Bond subscriptions hit N10.79b appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
The Central Bank of Nigeria (CBN) said it is determined to make Nigeria one of the largest rice producer and exporter in the world, making her less dependent on petroleum money. Speaking with newsmen in Umuahia, the apex bank's Acting Director, Corporate Communication, Issac Okoroafor, underlined the preparedness of the CBN to make the dreamRead MoreThe post CBN to make Nigeria global rice giant appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Ekiti State Governor Ayodele Fayose has endorsed his deputy, Prof. Kolapo Olusola, for governor. If he wins the primary, can he defeat the All Progressives Congress (APC) flag bearer at the poll' Group Political Editor EMMANUEL OLADESU examines the hurdles before the anointed candidate. Ekiti State Peoples Democratic Party (PDP) is at the threshold ofRead MoreThe post Ekiti PDP: Politics of zoning and endorsement appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
An oriental quip has it that a wise man would rather remain hungry than eat himself to stupor. It may seem a plain, old saying but it is requiring of much elucidation. The sages of yore are warning that you must never allow yourself to become gluttonous at another man's dinner table nor let yourselfRead MoreThe post Of sycophancy and psycho-phancy appeared first on The Nation Nigeria. 

Fri, 05 Jan 2018
Commercial banks are avoiding funding start-up businesses given the high risk associated with such transactions, Head Trade Finance and Enterprise Banking at Stanbic IBTC Bank, Babatunde Akindele, has said. Speaking during Stanbic IBTC Bank SME Capacity Building Series held in Lagos, he explained that private or angel investors should fund such enterprises and grow themRead MoreThe post Why banks avoid funding start-up businesses appeared first on The Nation Nigeria. 
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