NIGERIA NEWSPAPERS: TODAY'S THE NATION NEWSPAPER HEADLINES [25 MARCH, 2018].


Below are the headlines found on The Nation Online Newspaper for today, Monday, 26 March, 2018.

Mon, 26 Mar 2018
A BIG row has broken out over Lt.-Gen Theophilus Danjuma’s advice that Nigerians should defend themselves when attacked.

The Armed Forces, in his view, cannot protect Nigerians because they collude with the killers.

The Army and the Minister of Defence, Mansur Dan-Ali, rejected the former Minister of Defence and elder statesman’s claim.

The Army yesterday described Gen. Danjuma’s statement as “most unfortunate”. The Minister said it was a call to anarchy.

Gen.  Danjuma (retd) accused the military of taking sides with a particular group and called on the citizens of the affected states to defend themselves from the attacks by herdsmen.

He said at the maiden Convocation of the Taraba State University (TSU), Jalingo: “The Armed Forces are not neutral. They collude …with the armed bandits that kill people and kill Nigerians. They facilitate their movement. They cover them.”


 
The Minister of Defence, lashed out at Gen Danjuma, saying his comment was an invitation to anarchy, and therefore should be disregarded by well-meaning Nigerians.

The Army, in a statement signed by its spokesman, Brig.-Gen. Texas Chukwu, said contrary to Danjuma’s accusation, the army remained impartial in its handling of crises.

The army also asked Nigerians to disregard Gen Danjuma’s advice and enjoined the citizenry to go about  their day-to-day activities without fear and be law abiding.

It warned that “as anyone caught with arms and ammunition will be dealt with accordance with the laws of the land.”

The statement reads: “The attention of the Nigerian Army has been drawn to the unfortunate statement made by a former Chief of Army Staff, Lieutenant General Theophilus Yakubu Danjuma, during the convocation ceremony of the Taraba State University in which he categorically asserted that the Armed Forces were colluding with militias and other criminal elements and was unable to provide security for the citizens of Taraba State.

“ He further called the people of Taraba State to take up arms and defend themselves. The Nigerian Army views this statement made by the former Chief of Army Staff as most unfortunate at this critical time that the military has embarked upon demilitarisation of the North Central Region of the Country.

Mon, 26 Mar 2018
Banks  have not adopted a uniform exchange rate in reporting foreign currency assets in their financial statements, a Fitch Ratings report has said.

The banks’ action falls below the International Financial Reporting Standards (IFRS) which the lenders are expected to comply with. Many of the Tier-1 banks have released their 2017 full year results.

The IFRS guidelines state that companies operating in countries with multiple exchange rates should translate their foreign currency assets and liabilities into local currency based on the exchange rates at which they expect to settle them. But the guidelines leave room for considerable judgment and flexibility, and Nigeria operates with multiple exchange rates, which adds to the confusion.

The global rating agency said the need for uniform exchange rate reporting becomes exigent as exchange-rate risk warrants scrutiny for banks as about 40 per cent of assets and liabilities in Nigeria’s banking sector are denominated in dollars and not all banks operate with matched foreign currency positions.


 
Confirming the asset reporting gaps, Exotic Capital said foreign exchange measures implemented by the authorities appear to have worked. “We think we may see more lenders adjust the exchange rate used in reporting results. Such adjustments could impact capital and other metrics, but we think the banks are in a better position to deal with these adjustments now than some were before,” it said.

The research firm, said banks’ management teams appear as focused on changes in required provisions against specific exposures to the power sector and to companies, such as 9 Mobile, for instance, as they are on the overall impact of IFRS 9 implementation.

“Lenders expect regulatory risk reserves to help offset the impact of the transition to IFRS 9, at least in part. Provisions against loans to the power sector and against 9 Mobile exposures may rise at some banks. Having said this, most banks believe the worst is behind us and asset quality metrics may improve as the year progresses,” it said.

Continuing, Fitch said banks’ move to a more market-based presentation of dollar-currency assets, liabilities and profit-and-loss items is likely to come into focus as the lenders begin to publish their 2017 results.

Fitch said financial statements with foreign currency items translated more in line with market exchange rates will give a more realistic representation of banks’ foreign currency positions and capital at risk from potential further depreciation of the naira.

Mon, 26 Mar 2018
Lawmakers may have dumped their agreement with party chiefs to pull the brakes on their plan to override the President’s veto of the Electoral Amendment Bill reversing the order of elections, The Nation learnt yesterday.

Unless the National Caucus meeting of the All Progressives Congress (APC) slated for today at the Aso Villa and the National Executive Committee (NEC) meeting billed for tomorrow can convince Senator Bukola Saraki and Speaker Yakubu Dogara to get their colleagues to back off; the Senate and the House of Representatives are likely to proceed with the plan, a source said.

Supporters of the bill have alleged that “some powerful individuals sympathetic to the President” at the weekend perfected a plan to bribe National Assembly members.

The allegation is that pro- executive senators might receive   $50,000 each. House of Representatives members sympathetic to the President will each receive $30,000 to “kill the amendment”, which was initiated by the lawmakers.


 
This could however not be independently confirmed. Pro- Buhari senators described the allegation as “hogwash”, saying if there was any such move, those pushing that the National Assembly should override the veto were plotting to induce “ those in their camp financially.”

“They are diverting attention from their plan, “a pro- Buhari senator said at the weekend.

Lawmakers in support of the bill said the plot to bribe National Assembly members was perfected at “some high profile meetings “in Abuja at the weekend. The meeting was also said to have resolved that “anti-executive lawmakers who have cases with anti-corruption agencies should be threatened with prosecution in days to come”.

Those said to have attended were some pro-Buhari governors from the Northwest , the Northcentral and the Northeast. A “minister from Southsouth” was also said to be present.

They said they learnt that “some key members of the executive who have been spearheading strategies for President Buhari’s re-election in 2019 were unequivocal that the National Assembly must be stopped from going ahead with plans to veto the President on the electoral bill as amended by us, particularly the order of the 2019 national elections. “

In withholding assent to the bill, the President argued that the amendment by the lawmakers infringed on the constitutional powers of INEC.

Mon, 26 Mar 2018
The Federal government is in talks with Boko Haram about a possible ceasefire, Minister of Information and Culture Lai Mohammed said yesterday.

According to him, the talks have been going on for some time.

He told reporters in Lagos that ”unknown to many, we have been in wider cessation-of-hostility talks with the insurgents for some time now”.

“The talks helped to secure the release of the police officers’ wives and the University of Maiduguri lecturers recently. The talks did not stop thereafter. Therefore, we were able to leverage the wider talks when the Dapchi girls were abducted,” Mohammed said.


 
He did not give details of the talks. The popular thinking is that it is likely that the government has been discussing with the Al Banawi faction, which is believed to have abducted the Dapchi schoolgirls.

The minister said the Federal Government would reinvigorate national security to prevent further abduction of school girls in the Northeast.

He said efforts to bring back the remaining Dapchi and Chibok girls safely through negotiation and dialogue would be intensified to draw the curtains on the sad episode.

Mohammed said the early release of abducted Dapchi girls had rekindled public belief in the government’s ability to rise to the occasion in the period of emergency.

He said: “This Administration remains committed to the fight against terrorism and insurgency. The security services have since been directed to put in place further measures around all schools vulnerable to attacks to ensure the safety of pupils/students and teachers and school workers. The President has also tasked all the security agencies to work to ensure that we do not witness any recurrence of these incidents.

“While the military efforts are necessarily ongoing, we are willing to continue engaging in a meaningful dialogue, which is not only about the release of hostages, but intended at a broader engagement on conflict mitigation, reduction of the violence, possibility of ceasefire, protection of civilians, and increased humanitarian access. Government is therefore willing to engage on measures which can lead to stopping the bloodshed and finding long-lasting solutions to the conflict.”

Mon, 26 Mar 2018
The three lawmakers representing Lagos East, West and Central senatorial districts yesterday passed a vote of confidence in and endorsed Governor Akinwunmi Ambode for a second term.They said the giant strides of his administration were being felt across the state.The senators- Gbenga Ashafa (Lagos East), Oluremi Tinubu (Lagos Central) and Solomon Olamilekan (Lagos West), who visited the governor at the Lagos House, Ikeja, said they were proud of his achievements and the renewed vigour he had bro 


Mon, 26 Mar 2018
Seid Oshiomhole is the younger brother of former Governor Adams Oshiomhole. He is an aspirant for the House of Asembly. The politician from Estako West Constituency spoke with Osagie Otabor, on his ambition and other partisan issues.Why is the Edo State APC celebrating its victory at the local government polls that were boycotted by the PDP'The election went well. It was peaceful and calm. There was no fight and no trouble. The APC did very strong campaigns. The campaigns helped them to do 

Mon, 26 Mar 2018
Will zoning play a major role in the Delta State All Progressives Congress (APC) governorship primary' Senior Correspondent OKUNGBOWA AIWERIE examines the preparation of the chapter for next years poll, the contenders, their strengths and weaknesses.Delta State All Progressives Congress (APC) is full of hope for a brighter future. The chieftains have returned to the drawing board. But, governorship aspirants on the opposition platform are divided by zoning.The contenders are mobilising for 

Mon, 26 Mar 2018
The Special Adviser on Legislative and Political Matters to the Speaker of the Lagos State House of Assembly, Hon. Mufutau Egberongbe, spoke with reporters on the relationship between the executive and the legislature, and Asiwaju Bola Tinubus efforts to reconcile aggrieved members of the All Progressives Congress (APC). OZIEGBE OKOEKI reports.How would you assess the performance of the Eight Lagos State House of Assembly in the last two three years'It has been a successful House. Unlike pr 

Mon, 26 Mar 2018
More details have now emerged showing how billions of naira and hundred millions of dollars were illegally removed from the public till by the Jonathan administration specifically ahead of the 2015 presidential elections.The information came on the tail of the denial by Jonathans spokesmen that any money was taken illegally out of the Nigerian treasury and shared by Jonathan and his aides.The information was given by Vice President Yemi Osinbajo to illustrate how grand corruption has been doing 

Mon, 26 Mar 2018
More details have now emerged showing how billions of naira and hundred millions of dollars were illegally removed from the public till by the Jonathan administration specifically ahead of the 2015 presidential elections.The information came on the tail of the denial by Jonathans spokesmen that any money was taken illegally out of the Nigerian treasury and shared by Jonathan and his aides.The information was given by Vice President Yemi Osinbajo to illustrate how grand corruption has been doing 

Mon, 26 Mar 2018
aMny residents of Oshodi have praised the Lagos State Government for clearing the area of beggars and destitute.Officials of the Ministry of Youth and Social Development swooped on the area and arrested about 43 beggars at different places in Oshodi and environs.A resident of Mafoluku, Sikiru Babatunde said the activities of beggars in Oshodi had become worrisome, adding that some of them were often seen harassing people and insulting those who did not give them alms.Besides, he said the beggars 

Mon, 26 Mar 2018
The Northern Governors Forum (NGF) has held a meeting with the national leadership and state chapters of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) as part of efforts to resolve the continued clashes between herdsmen and farmers.The meeting, which held in Sokoto, was attended by the NGF chairman and Borno State Governor Kashim Shettima, host Governor Aminu Tambuwal and their counterparts from Kano (Abdullahi Ganduje) and Kaduna (Nasir El-Rufai).Though no formal communiqu w 

Mon, 26 Mar 2018
Nigeria is the beneficiary in the trade liberalisation pacts involving it, and the partnering countries and the economic blocs. From the European Union (EU)-sponsored Economic Partnership Agreement (EPA) to Moroccos push to join the Economic Community of West African States (ECOWAS); and now, African Continental Free Trade Area (AfCFTA) agreement, some developed countries and neo-liberal institutions appear determined to open Nigeria to free trade. But, members of the Organised Private Sector (O 

Mon, 26 Mar 2018
Ogun State Governor Ibikunle Amosun will be distributing Certificates of Occupancy and other land title documents Oto another batch of beneficiaries under the Homeowners Charter Programme.The Director-General, Bureau of Lands and Survey, Mr. Biyi Ismail, said that the beneficiaries would collect their documents as from Wednesday at the Arcade Ground, Governors office, Oke-Mosan, Abeokuta.He urged all contacted beneficiaries to come with valid means of identification and photocopies.The post Anot 

Mon, 26 Mar 2018
They returned to town like holy gangsters. They rolled in a wave of vans, laughed like cynics, brandished guns like an army of occupation, were hoodless in bravado and heedless of time in their reconquest. They did not fire a gun, but the towns ears still echoed with their shots not long ago. Those shots that crippled the town, cowed any resistance and spirited away the nubile girls were enough memory. The people remembered them as warning shots when the outlaws returned.The Boko Haram goons at 

Mon, 26 Mar 2018
Orders removal of declaration from websiteA High Court sitting in Abuja has quashed the declaration of Executive Vice Chairman of Aiteo, Benedict Peters, as wanted by the Economic and Financial Crimes Commission (EFCC).In a March 22, 2017 judgement, the court said the anti-graft agency had no power to declare Peters or anyone wanted without a court order.This was in response to a suit by Peters, accusing the EFCC of declaring him wanted on its website without following due process.As affirmed by 

Mon, 26 Mar 2018
Now that a Senate insider has given a curious public an idea of how things are run in the countrys upper legislature, what next'Senator Shehu Sani had told the world that every senator got N13.5m monthly to run things. This fantastic figure is in addition to their salaries, he said.Public reaction to the information was predictably negative because it didnt make sense that senators got so much to cover so-called running costs. But Senate spokesman, Senator Aliyu Sabi Abdullahi, had defended 

Mon, 26 Mar 2018
As a lover of books, Big Brother Naijas Angel Awotarigha was on the Read it, tell it segment of Top Radio 90.9FM. He spoke with Georg Nakanda after his eviction about his experience in the House, Cee-C and Ahneka.Youve been setting the internet on fire, just five weeks in the house'Im actually amazedI read somewhere a journalist wrote that you were the Voice of Reason. Whats up with that'Its ironic because going into the house; I knew I would be the voice of reason. Generally as a love 

Mon, 26 Mar 2018
A couple of artistes and celebrities have joined hundreds of thousands of young people in the United States for the March for Our Lives protest which is currently rocking the nations capital.The event calling for government action to curb gun violence was organized by high school students from Marjory Stoneman Douglas High School in Parkland, Florida, where a gunman killed 17 people on Valentines Day.Singer Andra Day kicked off a string of powerful performances with her anthem Rise Up. Joining h 

Mon, 26 Mar 2018
Ahead of the premiere of gripping television series, In Love and Ashes, Nigerian pop legend, Innocent Idibia, aka 2Baba has released its original soundtrack.As expected of a music maestro, 2Baba delivers a soul-stirring track with thought-provoking lyrics, a perfect soundtrack for the moving tale thats In Love And Ashes.Written by Innocent Idibia, Kelechi Orji and Efe Omorogbe and produced by Kelly Hansome, the song promotes the message of tolerance, unity and peace among all Nigerians in partic 

Mon, 26 Mar 2018
Celebrity photographer, Kelechi Amada Obi and Royal Hibiscus hotel lead act Zainab Balogun where among celebrities present at the Beauty Souk Make-Up Beauty fair in Lagos Recently.Held at Harbour Point Hall, Victoria Island in Lagos, the fair created an informal platform for buyers to network with the brands they love. Local brands in Make-up beauty sector like Zaron Cosmetics, House of Tara, Ibis, Kuddy Cosmetics, and Allure showcased their products along with the foreign brands even as celebri 

Mon, 26 Mar 2018
Earlier evicted housemates Anto and Khloe have returned to the Big Brother Naija House. With no eviction on Sunday, the customary day for evictions, the returning housemates join the remaining nine housemates for a second chance to win the grand prize of N45m and a brand new SUV.And according to host of the weekly eviction party, Ebuka, Big Brother would sneak in both housemates into the house by 3am.Recall that it is only last week that Anto was evicted from the house.She got the highest votes 

Mon, 26 Mar 2018
Four weeks to the end of the Big Brother Naija show, evicted housemates Anto and Khloe have returned to the house.With no eviction on Sunday, the customary day for evictions, the returning housemates join the remaining nine housemates for a second chance to win the grand prize of N45m and a brand new SUV.Big Brother, while telling the housemates there would be no evictions forgave them their transgressions and cancelled all the strikes against them.And according to host of the weekly eviction pa 

Mon, 26 Mar 2018
The Handball Federation of Nigeria (HFN) has confirmed it has secured a mouth-watering sponsorship deal that will revive the National Handball League, which has not been held for about seven years.The Secretary General of the federation, Haruna Maigidansanma, who disclosed this at the weekend, assured that the Memorandum of Understanding (MoU), would soon be signed in the coming weeks with the unveiling of the sponsor.It is a good development for handball and the move will help reposition the sp 

Mon, 26 Mar 2018
Lafarge Africa Plc has listed about 3.1 billion ordinary shares of 50 kobo each, increasing the cement companys market capitalisation to N278.79 billion at the weekend.The supplementary shares arose from the cement companys recent rights issue. Lafarge Africa had on November 24, 2017 launched an offer to raise N131.65 billion through a rights issue of about 3.1 billion ordinary shares of 50 kobo each at N42.50 per share. The new shares were pre-allotted to shareholders on the basis of five new o 

Mon, 26 Mar 2018
Nigeria Postal Service (NIPOST) and Bics Enterprise are collaborating to bring financial services to the grassroots. The Software Group, a global technology firm, will provide the technological backbone needed to implement the partnership.The agent distribution network, according to Bics, will provide employment for over 10,000 youths and add 20 million unbanked and underserved Nigerians to the banking system, within two to three years after deployment.Bics Director, Corporate Services, Greg Nwa 

Mon, 26 Mar 2018
The Nigeria Sovereign Investment Authority (NSIA) has approved about $5million (N1.8 billion) for Doreo Partners to train 50,000 farmers in the North through its Babangona Outgrower Farming Scheme.The agreement for the loan facility was signed in Lagos at the weekend between NSIA management and Doreo Partners. NSIA manages the Nigeria Sovereign Wealth Fund.Doreo Partners Chairman, the Emir of Kano, Alhaji Sanusi Lamido, who spoke at the ceremony, said Babangona is a franchise model, which provid 

Mon, 26 Mar 2018
Organisers of the Lagos Motor show, BKG Exhibitions Nigeria Limited, have said this years auto fair will be the best in Africa.Its Managing Director, Ifeanyi Agwu, said the firm will hold the 13th Lagos Motor Fair and seventh Autoparts Expo Africa between May 7 and 12.We want to step up the tempo and repackage the event to attract more foreign investors, he said.According to him, the auto industry is very germane to the growth of the economy, wondering why company chiefs are shying away from mak 

Mon, 26 Mar 2018
Electricity distribution companies (DisCos) seem to be making a headway in their bid to secure funds for capital projects.The Executive Director, Research and Advocacy, Association of Nigeria Electricity Distributors (ANED), Mr. Sunday Oduntan, said the firms would make enough money from the new metering plan which will take efect from next month.The power firms, he said, would rake in a lot of money which they will help finance critical projects such as provision of meters to customers.In a cha 

Mon, 26 Mar 2018
ABOUT 10 companies have launched pre-issuance processes to raise new capital from the capital market over the next nine months.Investment banking sources at the weekend said improving macro-economic performance and increasing investors appetite for Nigerian equities may spur new issues in the months ahead.Extant rules preclude issuers or capital raising companies, investment bankers and other parties to the issues from disclosing price-sensitive information such as new capital raising and earnin 

Mon, 26 Mar 2018
Kia Motors is celebrating five million cumulative sales of its global best-selling Kia Sportage compact Sport Utility Vehicle (SUV).Launched in 1993 and spanning four generations since, the Kia Sportage has achieved this milestone on the year of its 25th anniversary. The latest model, launched in 2016, is more popular than ever, with average global sales of 38,000 units per month in 2017.We are extremely proud to have achieved this milestone production figure for our global best-seller. The cont 

Mon, 26 Mar 2018
The Nigerian Stock Exchange (NSE) is considering a trading arrangement that will allow specified agent to buy shares or other newly listed securities with a view to stabilise the price of such shares or securities within a period.A draft of the rules on Rules for Price Stabilization of Securities obtained at the weekend will allow an agent-to be known as stabilisation manager, to buy shares or other newly listed securities within the immediate period of listing to checkmate negative price fluctu 

Mon, 26 Mar 2018
A leading Netherland-based company, Second Floor SA, is collaborating with one of Nigerias foremost management consulting firms, H. Pierson Associates, to leverage its risk practice to support the insurance sector on risk-based supervision compliance and initiation of solvency II.This is as the Nigeria Insurance Commission (NAICOM) prepares to roll out the regulatory requirement for insurance companies in Nigeria. Insurance sector is the most populous sector at the Nigerian stock market.The coll 

Mon, 26 Mar 2018
The controversy over the reviewed Land Use Charge in Lagos State seems to have subsided. But what remains unchanged is that Lagos needs revenue to continue to deliver service to the people sustainably. Tax revenue is not only essential, but would enable the state to depend less on borrowed funds and bond issuances in realising its infrastructure, economic empowerment and security goals, writes COLLINS NWEZE.Tax is a legal instrument used in every society to achieve service delivery. It is a civi 

Mon, 26 Mar 2018
It is unfortunate that successive IGPs lacked the courage to withdraw orderlies from undeserving personsFROM the look of things, the March 19 order by the Inspector-General of Police (IGP), Ibrahim Idris, for the immediate withdrawal of police officers attached to undeserving persons and organisations across the country was not well informed. What followed showed that the Nigeria Police Force was not ready for the implementation of the IGPs order.Idris suspended the exercise by a month after m 

Mon, 26 Mar 2018
State judiciaries cannot function well if still dependent on executive for fundsTHE alarm bell set off by the Chief Justice of Nigeria (CJN) Justice Walter Onnoghen(CJN) that the state judiciaries do not enjoy financial autonomy, should ring loud in the hallowed chambers of the federal and state legislators, and it should ring until they do the needful. Perhaps if the legislators tarry, the Attorney-General of the Federation should initiate a bill to further amend the relevant portion of the 199 
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