NIGERIA NEWSPAPERS: TODAY’S THE GUARDIAN NEWSPAPER HEADLINES [21 MAY, 2018].

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Below are the headlines found on The Guardian Online Newspaper for today, Monday, 21 May, 2018.

Mon, 21 May 2018
Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over N546 billion.

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The trend does not only represent the loss of potential revenue for government but also constitutes a major challenge for the 2018 budget expectations and implementation.

In 2015, the corporation lost N267.14billion. The following year, it was set back by N197 billion. And in 2017, data from its financial statements showed N82 billion in operational losses.

Also, while the corporation earned N2.046 trillion in revenue in 2015, it spent N2.313 trillion, leaving a loss of N267.138 billion. Its corporate headquarters recorded the highest loss of N162.736 billion, while its product supply and distribution arm, the Pipelines and Products Marketing Company (PPMC) came second with N162.06 billion loss, followed by a combined loss of N82.09 billion from its three refineries.

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Its financial and operational report in 2016 showed that the corporation earned N1.726 trillion, but recorded an expenditure of N1.923 trillion. Losses from its refineries alone totalled N78.95 billion. In a review by Bloomberg, the latest account, showed that losses from refineries and corporate headquarters alone stood at $500 million.

Industry experts told The Guardian that besides the absence of reform, NNPC’s self-regulatory and above-the-law modes were partly to blame. They also expressed concern over the leadership tussle between the Minister of State for Petroleum Resources, Ibe Kachikwu, and the NNPC Group Managing Director (GMD), Maikanti Baru.

They noted that the inability of the National Assembly and the Presidency to address the alleged bypass of due process in the signing of about $25billion contracts indicates transparency and accountability are lacking in the sector.

Though the current administration once blamed NNPC’s involvement in commercial, operational and regulatory roles for woes plaguing the sector, the stakeholders expressed surprise the situation has remained unchanged.

Mon, 21 May 2018
The banned Indigenous People of Biafra (IPOB) will either make good its threat today or risk being tagged as a group that issues empty ultimatums.

If its flood of fiery statements is anything to go by, the summit on restructuring by apex Igbo socio-cultural group, Ohanaeze Ndigbo, will not hold in Awka, Anambra State.

But Ohanaeze has insisted it will hold the event, even as the police have assured the venue would be off limits to mischief-makers.

On the sidelines, meanwhile, residents of the town will be watching to see which of the parties might blink first.

“Anybody seen with Ohanaeze Ndigbo T-shirt will be regarded as a hired Hausa/Fulani thug and will be dealt with accordingly. In our finest tradition, we tell the world what we are going to do before we do it, because we are freedom fighters. Any hired thug that wants to waste his life should join anything called Ohanaeze Ndigbo Youths on Monday,” warned IPOB.

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“If Ohanaeze leaders like, let them surround the venue with armoured tanks and soldiers. One thing certain is that the summit will not hold, unless Nnia Nwodo (President of Ohanaeze Ndigbo) and his collaborators will be prepared to kill us all on that particular day,” the group said.

Explaining its grouse, IPOB said: “On Monday, May 21, 2018, at Ekwueme Square in Awka, the longsuffering downtrodden people of the East will rise up to say enough is enough. Our 50 years of Fulani captivity, aided and abated by Ohanaeze Ndigbo, will finally come to an end. All agents of darkness and iniquity with red caps, recruited by the caliphate immediately after the war in 1970, to serve their interest and enslave Igbo land, will be exposed.”

The President of the Anambra State chapter of Ohanaeze Ndigbo, Chief Okeke Ogene, has been quoted as saying: “We are used to IPOB’s threats. For instance, they said there won’t be an election in Anambra State last year, but the election was held and peacefully, too.”

Sounding conciliatory, however, Mazi Chuks Ibegbu, Deputy National Publicity Secretary of Ohanaeze Ndigbo, said attacking persons at the summit would be counter-productive.

“We have told them that whatever grievances they have, they should bring them along to the venue. Every Igbo has right to come for an Igbo summit. You don’t spoil for war in your father’s land. You do it outside. If you kill us all, who will do the burial?

“When they come there, what we are discussing is restructuring Nigeria. They are talking Biafra. What they are saying is not different from what we are saying. We are saying, ‘Let’s discuss how Nigeria will be better’. If Nigeria gets better, they would get what they are seeking in a very easy way. 

Mon, 21 May 2018
Recuperating Nigeria international, Carl Ikeme has been retained by the club along with Bright Enobakhare, former England U21 international, Dominic Iorfa and United States U18 star, Owen Otasowie. 

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Mon, 21 May 2018
First City Monument Bank (FCMB), has been awarded the International Organisation for Standardisation (ISO) 9001:2015 certificate for Quality Management System. 
Mon, 21 May 2018
A community leader in Nembe, Bayelsa State, Chief Solomon Ockiya, has appealed to oil giant, Aiteo to fulfill its promise to the community by taking over the sponsorship of Nembe City FC. 
Mon, 21 May 2018
Climatechange affects everyone, but certain demographics and groups are at greater risk. One such demographic is women, who are more likely than men to feel the negative consequences of a warming planet. 
Mon, 21 May 2018
Determined to take its business operations to another height, the Anchor Insurance Company Limited strengthened its marketing department with the appointment of Jide Fasanmi as the General Manager of marketing. 
Mon, 21 May 2018
Former Golden Eaglets star, Samuel Chukwueze says he hopes to meet Super Eagles goalkeeper, Francis Uzoho in the final of the Spanish Segunda B (third division) promotion playoff. 
Mon, 21 May 2018
A Nigerian firm, O-Mobile Multimedia Limited, that specializes in technology based financial and agricultural services development, has secured a grant of $10 million from So.Sui.Ben Foundation… 
Mon, 21 May 2018
Cordros Asset Management Limited (CAML) has completed all necessary arrangements for its proposed Milestone Funds 2023 and 2028, following the clearance of its offer documents by the Securities and Exchange Commission… 

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