NIGERIA NEWSPAPERS: TODAY’S PUNCH NEWSPAPER HEADLINES [30 JULY, 2018].

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Buhari didnt want alliance with Tinubu in 2013 Galadima
Mon, 30 Jul 2018

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The Chairman of the Reformed All Progressives Congress, Buba Galadima, said President Muhammadu Buhari was against forming an alliance with a former Lagos State governor, Bola Tinubu, who had nominated Prof. Yemi Osinbajo as Buhari’s running mate before the 2015 elections.

He also said he blocked the Serving Overseer of the Latter Rain Assembly, Pastor Tunde Bakare, from becoming the running mate of Buhari during the build-up to the 2015 Presidential election.

Galadima said this during an interview with ‘The Interview’, an Abuja-based monthly magazine.

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He, however, said he was the one who insisted that he would not sign the correspondence to the Independent National Electoral Commission unless Bakare’s name was removed.

I picked Osinbajo, rejected Bakare as VP in 2015 – R-APC chair

Galadima said, “Buhari was the one who was against the alliance with Tinubu and I don’t want to say anything. Let Buhari deny what I have said. I was for it and I organised it and I wrote a memo and even produced a candidate for the Vice-Presidency, this same Osinbajo.

“We were a committee of three: Osinbajo, Sule Hamma and me. Sule Hamma promoted the alliance more than anybody else. It was Buhari that refused. Let him deny before us and we will show him. Whenever you see him, ask him why Buba Galadima said he wouldn’t sign INEC’s form with Tunde Bakare’s name.

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“I don’t want to say much. Buhari cannot challenge all these things we are saying.”

The R-APC chairman said his disagreement with the President was based on principles and not selfish interest.

He said it was Buhari, who gave out his (Galadima’s) daughter in marriage, adding that his grandson was named after the President.

Galadima added, “There are no differences between Buhari and me. My daughter visits him in the Villa. He gave out my daughter in marriage. Her first child was named after him. What we are doing is on the basis of principles.”

The R-APC chairman said he would not blame those around the President but only Buhari.

He said he would not blame the Chief of Staff, Abba Kyari, or Buhari’s nephew, Mamman Daura, because the buck stops on the President’s table.

Galadima added, “I don’t believe in any inner circle. The buck stops on Buhari’s table. If Buhari says he doesn’t want to see Mamman Daura or Abba Kyari or any other person, they will not spend two seconds in the Villa.

“So, if there is any inadequacy or shortcoming, it should be that of the President, not an aide. After all, they can only advise. They can’t force his hand. For example, the Nigerian ambassador was in Israel and was said to have attended the official opening of the US embassy in Jerusalem.

“And there was this huge outcry by all Nigerians because this is counter to Nigeria’s policy on Israel. Buhari said he would investigate. Now it has been three months. Where is the result of the investigation?”

Buhari’s undoing, he said, was responsible for the gale of defections that hit the ruling All Progressives Congress.

Defections won’t hurt President – Buhari Presidential Campaign

But the President Muhammadu Buhari 2019 Presidential Campaign Organisation has dismissed the defection of some APC lawmakers and other members from the party, saying it will not have any negative impact on Buhari’s re-election.

The group, in a statement on Sunday by its spokesman, Festus Keyamo (SAN), said the defection of the lawmakers and the Benue State Governor, Samuel Ortom, would not harm the President’s re-election.

He stated that even if two more governors, who were said to be planning to defect, left the APC, it would not affect Buhari.

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Keyamo stated, “The President won with wide margin in the past in some states without the support of majority of the politicians from those states who moved recently to join the opposition party.

“Also, we are all witnessing the significant gains Mr. President is making in several places where he lost in the past, notably in the South-South and the South-East.”

According to him, 12 northern states of Jigawa, Kaduna, Kano, Katsina, Kebbi, Sokoto, Zamfara, Bauchi, Borno, Gombe, Yobe and Niger have 30 million registered voters.

He said that these “are states the President had consistently won with considerable wide margin in past elections, especially in 2011 and 2015.”

This, he said, was achieved despite the fact that most of those states were being controlled by political parties other than his own.

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FG overpays N196bn as personnel costs to 450 MDAs
Mon, 30 Jul 2018

Despite the introduction of the Integrated Personnel and Payroll Information System to effectively manage the payment of the Federal Government workers’ salaries, the government is still incurring unnecessary personnel costs, IFEANYI ONUBA writes

A total of N195.94bn was overpaid as personnel costs to 450 Ministries, Departments and Agencies of government enrolled on the Integrated Personnel and Payroll Information System.

Details of the overpayment, which were discovered by the Auditor-General for the Federation, Mr Anthony Ayine, were captured in the 2016 annual audit report prepared by the Office of the Auditor-General for the Federation.

The 2016 audit report, which was obtained by our correspondent in Abuja, is the latest to have been prepared by the OAGF for all the MDAs.

The report was submitted to the National Assembly in June this year through a letter to the Clerk of the National Assembly, with reference, C/AR.2016/CONF/VOL.1/01.

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The IPPIS, which began in 2007 with seven MDAs, is one of the Federal Government’s public finance reforms aimed at determining the actual strength of its workers and help with budgeting and annual planning.

It is designed to undertake human resources management activities from recruitment to separation, payroll and pension processing.

It also aims at facilitating planning, aids budgeting, monitors monthly payment of staff emoluments against what is provided for in the budget as well as ensure database integrity for administrative and pension processes.

But the auditor-general stated in the report that a review of funds released by the Funds Department in the Office of the Accountant-General of the Federation to the IPPIS showed anomalies in respect of the salaries paid out under the scheme.

For instance, the report noted that it was observed that while the IPPIS had a total of N457.3bn as actual performance for personnel costs in respect of the 450 MDAs, the amount released by the Funds Department in the OAGF showed N421.28bn in favour of the MDAs, thereby showing a variance of N36.03bn.

It stated that when explanations were sought from the OAGF based on the observation by auditors, the adjustments presented by the accountant-general resulted in an “irregular balance of N656.43bn being presented to us as the amount released by the IPPIS, meaning an over funding of the IPPIS by N195.94bn out of N460.49bn stated as the amount paid.”

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Insecurity: Buhari sends 1,000 troops to Zamfara
Mon, 30 Jul 2018

The Federal Government has assembled a 1,000-strong military force, comprising the army, air force, police and the civil defence, to launch attacks on the bandits terrorising the villages and towns of Zamfara State.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists on Sunday.

Shehu said following President Muhammadu Buhari’s directive, the Nigerian Air Force has begun the deployment of fighter aircraft to Katsina, the airport with the closest proximity to Zamfara State to make for immediate and effective response to the menace of the bandits.

This, he said, had not been possible in the past because there was no fuel depot facility in Katsina.

The presidential spokesman said NAF had now devised a way around the problem.

He added, “The President has also authorised the engagement by NAF, of advanced satellite surveillance technology to help in accurate detection of movement and locations of the bandits.

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“The government had to go to this extent because of the limitations of conventional surveillance, as the use of satellite technology could make the task of NAF less problematic.

“Following directives from the President, at the weekend, the Chief of Air Staff, Air Marshall Sadiq Abubakar, was in Gusau where he met the Deputy Governor of the state.

“The Chief of Air Staff reiterated the President’s pledge that he would never abandon the victims of attacks to their fate, reaffirming that security remains one of the cardinal pillars of his campaign promises and no leader would be happy to see his own citizens killed by criminal groups across the country.”

Shehu recalled that since his election, the President had kept faith with his promises to re-equip and motivate the country’s military and other security services.

The army and other security services, he said, were now better equipped and motivated to face the challenges of their responsibilities.

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Alleged forgery: Reps panel wants Buharis aide prosecuted
Mon, 30 Jul 2018

An ad hoc committee of the House of Representatives has recommended the arrest and prosecution of the Chairman, Special Presidential Investigation Panel for the Recovery of Public Property, Chief Okoi Obono-Obla, for alleged forgery of his law degree certificate.

In addition, it recommends his sacking as a Special Adviser to President Muhammadu Buhari.

The committee, which is chaired by a member of the All Progressives Congress from Kwara State, Mr Ahman Pategi, also seeks the dissolution of the presidential panel on the grounds of alleged abuse of office by the chairman.

On Obono-Obla’s degree, the committee stated that he did it “fraudulently” at the University of Jos, asking the institution to withdraw it.

The committee had submitted its report to the House on Tuesday, last week, shortly before the commencement of the current annual recess by members.

It noted in the report that Obono-Obla failed to honour several invitations to appear before it for questioning.

The recommendations of the committee are as follows: “The Recovery of Public Property (Special Provision) Act, Cap R4, Laws of the Federation of Nigeria, 2004 should be repealed.

“Urge the President to dissolve the panel in view of the arbitrary use of power and abuse of Office by the Chairman.

“The Code of Conduct Bureau should be strengthened to fill the gap that the panel seeks to fill in the current anti-corruption drive.

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“The Independent Corrupt Practice Commission should investigate the allegations of corruption contained in the audit report on the Financial Transactions of the Panel by the Auditor-General of the Federation and prosecute the culprits.

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Attackers wanted to kill me, Melaye alleges
Mon, 30 Jul 2018
Leke Baiyewu, Abuja The lawmaker representing Kogi West Senatorial District, Senator Dino Melaye, has said contrary to the kidnap reports, the gunmen who attacked his vehicle on his way to Kogi State on Thursday wanted to kill him. He alleged that his attackers were policemen. Melaye, who briefed journalists in Abuja on Sunday, said he []
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FG recalls 2.4 million bottles of codeine syrup
Mon, 30 Jul 2018
Eniola Akinkuotu, Abuja The Federal Ministry of Health says it has recalled 2, 405, 724 bottles of codeine-based cough syrup. The Minister of Health, Prof Isaac Adewole, said this in Abuja, while receiving the final report of the stakeholders committee set up by the ministry to address the worrisome menace of abuse of codeine. According []
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I only lured my friend to where he was killed Kano cyclist
Mon, 30 Jul 2018
Armstrong Bakam, Bauchi A 25-year-old man, Abdullahi Garba, has narrated how he connived with his friend, Abdullahi Galadima, to kill a commercial motorcyclist popularly known as Okada man in order to steal his bike. Garba, a resident of Darazo village of Darazo Local Government Area of Bauchi State, told our correspondent at the Adamawa State []
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UI ranked Nigerias best, ABUAD tops private varsities
Mon, 30 Jul 2018
Oladimeji Ramon The University of Ibadan, Oyo State has been adjudged the best Nigerian university in the July Webometric ranking of world universities. The 70-year-old Nigerian premier university emerged the best among 100 Nigerian tertiary institutions but was rated 905 in the world. This was as eight-year-old Afe Babalola University, Ado-Ekiti was rated as the []
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842 sanctioned for malpractices as NABTEB releases May/June results
Mon, 30 Jul 2018
Alexander Okere, Benin The National Business and Technical Examinations Board has said that no fewer than 842 persons were sanctioned for malpractice in the May/June 2018 national technical certificate and national business certificate examinations. The Registrar and Chief Executive of the board, Prof Ifeoma Isiugo-Abanihe, who disclosed this while announcing the release of the results []
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Dasukis family petitions NBA, CJN, wants Malami sanctioned
Mon, 30 Jul 2018
Ade Adesomoju, Abuja The family of the detained former National Security Adviser, Col. Sambo Dasuki (retd.), has petitioned the Nigerian Bar Association and other bodies requesting that disciplinary action should be taken against the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), for allegedly endorsing Dasukis continued detention. The petition []
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2019: INEC budgets N1.8bn for possible presidential run-off
Mon, 30 Jul 2018
to spend N4.6bn on unforeseen expenses Eniola Akinkuotu, Abuja The Independent National Electoral Commission has budgeted the sum of N1.8bn for a possible Presidential run-off in 2019. A run-off or rerun is a second-round election that takes place after the first one fails to produce a winner. According to Section 134 of the 1999 Constitution, []
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My dads autopsy inconclusive, says MKO Abiolas daughter
Mon, 30 Jul 2018
Leke Baiyewu with agency report, Abuja Hafsat Abiola-Costello, a daughter of the winner of the June 12, 1993, presidential election, the late Chief MKO Abiola, has said the autopsy conducted to unravel the circumstances surrounding her fathers death is inconclusive. Abiola-Costello said though the report was released, it failed to confirm that her father was []
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Gridlock: Lagos shuts five bonded terminals
Mon, 30 Jul 2018
Sesan Olufowobi The Lagos State Building Control Agency has closed five illegal bonded terminals and five other buildings in the Ajegunle area of the state. Governor Akinwunmi Ambode had last week ordered the closure of all illegal bonded terminals in Ajegunle, in the Ajeromi Ifelodun Local Government, saying they contributed to the gridlock in the []
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LASG trains police in active combat
Mon, 30 Jul 2018
Oluwatosin Omojuyigbe The Lagos State Government said it has put plan in motion to train policemen attached to the Lagos State Taskforce on Environmental Offences (Enforcement) Unit on active combat. It explained that the training, which would be in four batches, would start today (Monday) at the Police Training School in Ikeja. In a statement []
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Police post four commissioners to Bayelsa in two weeks
Mon, 30 Jul 2018
Adelani Adepegba and Simon Utebor There is confusion in Bayelsa State over the deployment of four Commissioners of Police in the state within two weeks by the Inspector-General of Police, Mr Ibrahim Idris. It was learnt that the police authorities were influenced to redeploy the CPs by some politicians who were uncomfortable with the officers []
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Anti-graft war: Reps pass proceeds of crime bill
Mon, 30 Jul 2018
John Ameh, Abuja The House of Representatives has passed the Proceeds of Crime Bill, further empowering anti-graft agencies to confiscate proceeds of assets acquired through crimes. The bill was sponsored by the Chairman, House Committee on Financial Crimes, Mr Kayode Oladele. The bill creates a central agency which has the primary duty to manage the []
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SERAP seeks UNs intervention against press council bill
Mon, 30 Jul 2018
Oladimeji Ramon An anti-corruption group, Socio-Economic Rights and Accountability Project, has urged the United Nations to prevail upon the National Assembly to drop its press council bill, which it described as a major threat to media independence and diversity in the country. In a statement on Sunday by its Deputy Director, Timothy Adewale, SERAP noted []
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NEMA wants states to review emergency policies periodically
Mon, 30 Jul 2018
Okechukwu Nnodim, Abuja State governments must review their emergency management policies periodically and should develop new ones that are considered necessary, the National Emergency Management Agency has advised. NEMA also stated that it had resolved to engage state governments through intensive advocacy and sensitisation on the need for states to key into disaster risk management []
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Ajorosun builds clinic, donates furniture to schools
Mon, 30 Jul 2018
Olufemi Atoyebi, Ibadan The 38th edition of the Omo Ajorosun Club, Ibadan, was held on Saturday with the Olubadan of Ibadan land, Oba Saliu Adetunji and prominent Ibadan sons and daughters in attendance. The President of the club, Chief Olu Babalola, said that in a bid to make this years anniversary unique, a clinic which []
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Five federal perm secs retire in six months
Mon, 30 Jul 2018
Olalekan Adetayo, Abuja Five federal permanent secretaries retired from the civil service between January and June this year. The retirees include Mrs Fatima Bamidele, Mr Abubakar Magaji, Mr Bolaji Adebiyi, Mr Osarenom Uwaifo and Mr Osuji Marcellinus. A farewell cocktail was organised in their honour in Abuja on Saturday. Speaking at the event, the Head []
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Govt insists on zero building collapse
Mon, 30 Jul 2018
Sesan Olufowobi The Lagos State Government says its zero tolerance for building collapse is non-negotiable, insisting that all block moulding industries must comply with existing standard for their operations. The General Manager, Lagos State Material Testing Laboratory, Olalekan Ajani, stated this while speaking at the annual conference of the National Association of Block Moulders of []
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BREAKING: Army recovers arms cache near Otuoke in Bayelsa
Mon, 30 Jul 2018
Olaleye Aluko, Abuja The Nigerian Army said on Sunday that its troops had recovered a large cache of arms along Agbura-Otuoke Road in the Ogbia Local Government Area of Bayelsa State. The troops, said to be on a raid on Sunday, recovered arms including two AK-47 rifles and two G3 rifles along the road that []
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FG raises 1,000-member military force to fight terrorism in Zamfara
Mon, 30 Jul 2018
The Federal Government on Sunday said it has assembled a strong military force comprising 1,000 personnel, to tackle the bandits terrorising communities in Zamfara. Senior Special Assistant on Media and Publicity to the President, Garba Shehu, made this known in a statement in Abuja, and said that personnel in the squad were drawn from the []
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Report at Nigerian embassy, FG tells remaining World Cup fans in Russia
Mon, 30 Jul 2018
The Federal Government has assured that it would soon commence the final evacuation of Nigerian football fans stranded in Russia after the 2018 World Cup Tournament. The Embassy of Nigeria in Moscow said this in a statement made available to newsmen by its First Secretary, Mr. Desmond Nwosu, on Sunday in Abuja. Nwosu urged the []
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It’s laughable APC no longer wants Dogara to leave ‘ Reps
Mon, 30 Jul 2018
Some members of the House of Representatives on Sunday described as ‘laughable,’ the current moves by the APC to stop the Speaker, Mr. Yakubu Dogara, from defecting to the PDP or any other party. The lawmakers spoke under the aegis of Parliamentary Democrats Group, dominated largely by the PDP members and other opposition party members. []
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Sadly, corruption is winning
Mon, 30 Jul 2018
A flurry of activities in recent weeks point unerringly to the conclusion that President Muhammadu Buharis avowed anti-corruption campaign is floundering and badly too. The Executive Order the President signed, seeking to preclude access to seized assets by accused persons came shortly after the case against the Senate President, Bukola Saraki, crashed at the Supreme []
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APC playing politics of vindictiveness ‘Wike
Mon, 30 Jul 2018
Chukwudi Akasike, Port Harcourt RIVERS State Governor, Chief Nyesom Wike, has accused the All Progressives Congress of playing politics of vindictiveness, intimidation and illegality while Nigerians are being denied the dividends of democracy. Wike was making reference to the position of the National Chairman of the APC, Adams Oshiomhole, on the defection of Governor Samuel []
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Picking Oshiomhole as chair saved APC ‘ Okorocha
Mon, 30 Jul 2018
Gibson Achonu, Owerri The Imo State Governor, Rochas Okorocha, says choosing Adams Oshiomhole as the National Chairman of the All Progressives Congress saved the party from an impending catastrophe. Okorocha said in spite of the turbulence currently facing the APC, with Oshiomhole in the saddle, the party would land at a safe destination. In a []
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It’s time to rescue Cross River, says Ibeshi
Mon, 30 Jul 2018
Mudiaga Affe, Calabar A governorship aspirant under the platform of the Peoples Democratic Party in Cross River State, Mr Emmanuel Ibeshi, on Saturday, said it was time to rescue the state from the brink of collapse. Ibeshi, who faulted the Governor Ben Ayade-led administration for abandoning the legacy projects initiated during the administrations of Mr []
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Senate sabotaging Buhari’s govt ‘Ex-diplomat
Mon, 30 Jul 2018
Chidiebube Okeoma, Owerri A former Deputy Defence Adviser, Nigeria High Commission, London, United Kingdom, Group Captain Henry Unaeze (retd.) has accused the Bukola Saraki-led Senate of consciously sabotaging the efforts of President Muhammadu Buhari. He, therefore, called on Nigerians to inject fresh blood in the country’s upper legislative chamber in 2019 by voting out almost []
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Nasarawa Gov sacks nine commissioners in cabinet reshuffle
Mon, 30 Jul 2018
Governor Umaru Al-Makura of Nasarawa State on Sunday relieved nine commissioners and two Special Advisers of their appointments in a cabinet shuffle. Secretary to the State Government, Mr. Mohammed Abdullahi, disclosed this in a statement in Lafia. Abdullahi said the cabinet reshuffle was to enable the affected persons to focus on their political aspirations in []
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Pension fund assets hit N8.14tn ‘ PenCom
Mon, 30 Jul 2018
The National Pension Commission said on Sunday that the total pension fund assets stood at N8.14tn as of May this year, the News Agency of Nigeria reported. PenCom said in a statement signed by its spokesperson, Mr Peter Aghahowa, that the assets rose from N7.52tn in December 2017, to N8.14tn in May 2018. ‘The pension []
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Itakpe-Ajaokuta-Warri rail ready next year ‘ Minister
Mon, 30 Jul 2018
Gbenga Odogun, Lokoja The Itakpe-Ajaokuta-Warri standard gauge rail line will be ready for commercial use next year, the Minister of Transportation, Rotimi Amaechi, has said. The minister dropped the hint while addressing journalists at the Agbor Railway Station 7 shortly after inspecting the facility. The minister said that the 34-year-old rail line was originally conceived []
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Experts call for improvement of town planning laws
Mon, 30 Jul 2018
Maureen Ihua-Maduenyi Built environment experts have called for an upgrade of town planning laws in line with global best practices. Town planners and other professionals in the building and construction industry made the call at the maiden edition of the Femi Olomola Annual Lecture organised by the Nigerian Institute of Town Planners, Lagos State Chapter. []
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FMBN invests N6.37bn in estates in five states
Mon, 30 Jul 2018
Success Nwogu, Ilorin The Ibadan Zonal Coordinator, Federal Mortgage Bank of Nigeria, Mr Stephen Owoshagba, has said that the lender has invested about N6.37bn to build estates in five states. He identified the states and amounts so far disbursed as Oyo, with N2.33bn; Ondo, N2.03bn; Kwara, N1.06bn; Ekiti, N725m; and Osun, N227.6m. He spoke during []
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Lagos moves to control flooding
Mon, 30 Jul 2018
Maureen Ihua-Maduenyi As a means to prevent buildings from collapsing and also contain flooding and traffic jam in the metropolis during the rainy season, the Lagos State Government has commenced the cleaning and clearing of drainage channels across the state. The Special Adviser to the Lagos State Governor on Public Works/Drainages, Mr Temidayo Erinle, during []
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FG urged to overhaul housing finance system
Mon, 30 Jul 2018
Ifeanyi Onuba, Abuja The Federal Government has been urged to overhaul the country’s mortgage system to make it easier for Nigerians to own homes. The Managing Director, Opinior Engineering Company Limited, Mr Muftau Salawu, said this in Abuja during the handing over of keys of two and three-bedroom apartments to officials of the Nigerian Security []
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ICAN to assist govt tackle funds’ mismanagement
Mon, 30 Jul 2018
Ifeanyi Onuba, Abuja The Institute of Chartered Accountants of Nigeria has said it will introduce an accountability index that will help to enshrine a regime of fiscal prudence among the three tiers of government. It said the move would also assist government at all levels to address the issue of mismanagement of public funds. The []
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Buhari to inaugurate 69km Warri-Escravos road soon
Mon, 30 Jul 2018
Theophilus Onojeghen, Warri The Niger Delta Development Commission says plans have reached an advanced stage for President Muhammadu Buhari to inaugurate the construction of a 69-kilometre road network that will link Warri to the Nigeria Maritime University, Okerenkoko, and the Escravos terminal in Warri South West Council Area of Delta State. The Executive Director, Projects, []
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WAPIC expresses commitment to minimising ICT risks
Mon, 30 Jul 2018
Nike Popoola The Managing Director, WAPIC Insurance Plc, Mrs Adeyinka Adekoya, has said that the company is committed to providing solutions on how to mitigate risks in the ICT sector, especially in a volatile economic situation. She said this during a seminar organised by the company with the theme ‘Mitigating risks in the telecoms and []
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Dexa Medica offers free health care service
Mon, 30 Jul 2018
Oluwatosin Omojuyigbe Dexa Medica, the maker of Boska, has conducted a pain-free initiative at the Arena market in Oshodi to help consumers stay fit. Participants at the event, which was attended by market users and residents from communities around the market, were equipped with health tips to stay strong during the rainy season. It provided []
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Determining the best payment options
Mon, 30 Jul 2018
Getting paid is an extremely important component of lifestyle. And, you may have heard that it is a wise choice to make it as easy as possible for your potential clients to pay you. Truth be told, every payment option has its own pros and cons. Let us go over a few of them now, []
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New Novare mall will boost Abuja’s infrastructure
Mon, 30 Jul 2018
The Minister of the Federal Capital Territory, Mallam Muhammad Bello, has said the new mall by Novare Real Estate Africa in Abuja will boost the city’s infrastructural development. Bello, who spoke at the opening of the $54m Novare Central Mall, also called on investors to emulate the company by taking advantage of Abuja’s business environment. []
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NIQS prepares to adopt modern contract forms
Mon, 30 Jul 2018
As a way of improving the ease of doing business in the construction industry, the Nigerian Institute of Quantity Surveyors has trained its members and other professionals in the industry in modern forms of contract. One of the forms of contract they were trained in was the Joint Contracts Tribunal, which produces standard forms of []
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Transcorp Hotels posts N2.02bn half-year profit
Mon, 30 Jul 2018
Femi Asu Transcorp Hotels Plc has announced a profit before tax of N2.02bn for the first half of the year, compared to N1.1bn in the same period of 2017. The firm’s unaudited financial statements for the period ended June 30, 2018 showed a turnover of N8.01bn and earning per share of 17.84 kobo. Transcorp Hotels’ []
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Continental Re’s gross premium rises by 27%
Mon, 30 Jul 2018
Nike Popoola Continental Reinsurance Plc said the group’s consolidated gross premium rose by 27 per cent from N15.19bn in the second quarter of 2017 to N19.26bn in the same corresponding period of 2018. According to a statement from the group, the good momentum in volume growth is a reflection of a supportive market environment. It []
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Technology changing global construction landscape, says ITB
Mon, 30 Jul 2018
Maureen Ihua-Maduenyi Civil engineering and construction firm, ITB Nigeria Limited, has said there is a need for companies in the construction industry to embrace global technological advancement, as the impact of technology on modern society has become undeniable. According to the firm, technology, which refers to bringing together tools that ease creation and exchange of []
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2019: Will these witches and wizards stop defecting
Mon, 30 Jul 2018
Tunde Odesola (tundeodes2003@yahoo.com) Eripa is a sleepy town in Osun State with indigenes wide awake to the nuances of good-naturedness and diplomacy. The towns name asks a question, meaning: Did you succeed in killing it’ Killing what’ Hold on, please. The myth of Eripas evolution is steeped in the communal self-preservation battle waged by the []
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Is CBNs MPC stronger than Buhari
Mon, 30 Jul 2018
Economic Renaissance byHenry Boyo lesleba@lesleba.com 08052201997 Then presidential candidate of the All Progressives Congress at the 2015 election, Muhammadu Buhari, clearly raised public expectations when he promised, at a campaign rally on Monday, March 23, 2015, at the Dan Anyiam Stadium, Owerri, that he would ensure that the naira was equal to the dollar value, []
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