Nigerian Newspaper: Punch Headlines Today, Thursday 1st November, 2018.

Nigerian Newspaper: Punch Headlines Today, Thursday 1st November, 2018.

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We dont fear whether Atiku holds meetings in Dubai or jungle Tinubu opposes call for Oshiomholes removal
Thu, 01 Nov 2018

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A national leader of the ruling All Progressives Congress, Asiwaju Bola Tinubu, has said he and other party chieftains are not moved by the decision of the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to hold strategic meetings in Dubai ahead of the 2019 elections.

Tinubu spoke with State House correspondents shortly after meeting behind closed doors with President Muhammadu Buhari at the Presidential Villa, Abuja.
He said his meeting with the President was about the nation, Nigerians, peace, stability and economic progress.

He expressed the conviction that Nigerians would not want to return to the deplorable state into which the PDP plunged the country.

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“We don’t fear, whether he (Atiku) is meeting in the jungle, in Dubai or in Abu Dhabi.

“People are free to meet and strategise in any way they felt, but we are not going back to the illusion of the PDP. It is not possible, Nigerians will not do that.

“They say slow and steady wins the race. We inherited that from our forefathers and knowledgeable people.

“We can’t go back to the pit that we inherited for 16 years. They can strategise from anywhere, but a leopard cannot change its skin,” he added.

Tinubu also faulted the calls by some party chiefs including state governors for the removal of the party’s National Chairman, Adams Oshiomhole.

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I wont mortgage my conscience to keep APC job Oshiomhole
Thu, 01 Nov 2018
Olalekan Adetayo, Abuja The National Chairman of the All Progressive Congress, Adams Oshiomhole, on Wednesday, said he would not mortgage his conscience in a bid to keep his job as the partys chairman. Oshiomhole said this in an interview with State House correspondents shortly after a meeting he had with President Muhammadu Buhari at the
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Missing General: Army finds corpse in abandoned well
Thu, 01 Nov 2018
Friday Olokor, Jos After several weeks of conjectures, the Nigerian Army, on Wednesday, claimed that it had found the corpse of its former Chief of Administration, Maj. Gen. Mohammed Idris Alkali (retd.), who was said to have disappeared in controversial circumstances. The corpse was said to have been found by the armys search and rescue
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Shiites defy militarys threat, vow to continue protest
Thu, 01 Nov 2018
John Alechenu, Olalekan Adetayo and Olaleye Aluko, Abuja There are strong indications of another clash between members of the Islamic Movement of Nigeria in the Federal Capital Territory, Abuja on Thursday (today). This followed a vow by the Inspector-General of Police, Ibrahim Idris, to end the protests even as members of the sect declared that
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Disqualification: Cross River gov aspirant files N2bn suit against PDP, Ayade
Thu, 01 Nov 2018
Ade Adesomoju, Abuja A governorship aspirant on the platform of the Peoples Democratic Party in Cross River State, Mr Emmanuel Ibeshi, has filed a N2bn suit before the Federal High Court in Abuja to challenge his disqualification from participating in the partys governorship primary which held in the state on September 29. The plaintiff filed
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Avoid looters, Buhari warns aggrieved APC aspirants
Thu, 01 Nov 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari has warned aggrieved aspirants of the ruling All Progressives Congress to be careful of the choice they make because those who mismanaged the nations resources in the past are still around. A statement on Wednesday by his Special Adviser on Media and Publicity, Mr Femi Adesina, quoted the President
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PDP faults Osinbajos debt profile claim
Thu, 01 Nov 2018
Olusola Fabiyi, Abuja The Peoples Democratic Party said in Abuja on Wednesday that Vice-President Yemi Osinbajo (SAN) did not reflect the true position of Nigerias debt profile under President Muhammadu Buharis administration in his recent interview. The opposition party insisted that Nigerias debt profile had escalated to a frightening proportion. The National Publicity Secretary of
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Sale of public assets to fund 2019 budget irresponsible Atiku
Thu, 01 Nov 2018
Olusola Fabiyi, Abuja Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has condemned the plan by the Federal Government to sell some national assets and use the proceeds to fund the 2019 budget. Atiku, in a statement by its media office in Abuja on Wednesday, described the plan as irresponsible. He said it was
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Dickson threatens to expel disloyal PDP members
Thu, 01 Nov 2018
Simon Utebor, Yenagoa The Bayelsa State Governor, Mr Seriake Dickson, has warned that any member of the Peoples Democratic Party in the state that engages in anti-party activities stands the risk of being expelled from the party. To this end, a seven-man PDP Disciplinary Committee has been set up by the State Executive Committee in
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Buhari inaugurates remembrance emblem
Thu, 01 Nov 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari on Wednesday inaugurated the 2019 Armed Forces Remembrance Day Emblem with a call on politicians to be mindful of their conduct and utterances ahead of the 2019 general elections. He warned them to desist from fanning the embers of disunity, saying they would not have a country to lead
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Osinbajo, Gowon for BOBA lecture
Thu, 01 Nov 2018
Adeniyi Olugbemi, Sokoto Vice-President Yemi Osinbajo will be in Sokoto for the 2018 annual lecture of the Barewa Old Boys Association, slated for Saturday, under the chairmanship of General Yakubu Gowon (retd.). This years lecture, holding at the conference hall, Umaru Ali Shinkafi Polytechnic, Sokoto, with the topic, The challenges of the judiciary to democracy:
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Senate condemns FG for non-payment of fuel subsidy claims
Thu, 01 Nov 2018
Leke Baiyewu, Abuja The Senate has condemned the Federal Government for not paying the subsidy claims by petroleum product marketers despite approval by the National Assembly since July. At a meeting of stakeholders called by the Senate Committee on Petroleum (Downstream) and held in Abuja on Wednesday, senators took turns to criticise government agencies for
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Kaduna refinery stays dormant as NNPC loses N10.96bn
Thu, 01 Nov 2018
Okechukwu Nnodim, Abuja The Kaduna Refining and Petrochemical Company, one of the countrys crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant. According to the corporation, the refinerys capacity utilisation has remained at zero for months, as the KRPC is not refining crude oil despite receiving the commodity. In its
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BDC operators want CBN to enhance live exchange rate
Thu, 01 Nov 2018
Nike Popoola The Association of Bureaux De Change Operators of Nigeria has called on the Central Bank of Nigeria to enhance the operations of its live exchange rate website in order to improve transparency and stability in the nations foreign exchange market. According to a statement, the association made this call in its economic review
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Profit-taking pushes stock market lower, 30 firms lose
Thu, 01 Nov 2018
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange dropped by N156bn due to profit-taking in large cap stocks. The market capitalisation, which stood at N12.119tn on Monday, dropped to N12.108tn on Tuesday, and further declined to N11.852tn at the close of trading on the floor of the Exchange on Wednesday.
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Ghanaian envoy, Nigerians differ on business closure
Thu, 01 Nov 2018
Anna Okon The Ghanaian High Commissioner in Nigeria, Alhaji Rashid Bawa, has absolved his country of blame in the closure of 400 Nigerian businesses in Ashanti, Ghana. Bawa, who was represented by the Minister, Counsellor for Trade and Investment, Mr Sintim Asare, spoke in Lagos on Wednesday during a stakeholders forum on the Economic Community
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Profit-taking pushes stock market lower, 30 firms lose
Thu, 01 Nov 2018
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange dropped by N156bn due to profit-taking in large cap stocks. The market capitalisation, which stood at N12.119tn on Monday, dropped to N12.108tn on Tuesday, and further declined to N11.852tn at the close of trading on the floor of the Exchange on Wednesday.
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NPA trains employees in ISO standards, compliance
Thu, 01 Nov 2018
Anna Okon The Managing Director, Nigerian Port Authority, Hadiza Bala-Usman, has reiterated the total commitment of the agency to achieving the ISO 9001 and the OHSAS 18001 certification and compliance especially in its harbour services. In order to achieve this, the NPA MD has issued a 90-day marching order to the relevant divisions and departments
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NPA trains employees in ISO standards, compliance
Thu, 01 Nov 2018
Anna Okon The Managing Director, Nigerian Port Authority, Hadiza Bala-Usman, has reiterated the total commitment of the agency to achieving the ISO 9001 and the OHSAS 18001 certification and compliance especially in its harbour services. In order to achieve this, the NPA MD has issued a 90-day marching order to the relevant divisions and departments
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Entrepreneurs: Mastering the art of problem-solving
Thu, 01 Nov 2018
At the 2016 Fortune-Time Global Forum, Richard Branson provided a wakeup call to businesses who believe their biggest responsibility is to maximise shareholder return. The worlds most successful entrepreneur said this belief is a big mistake and it is not up to governments to resolve social issues. He said to the audience, I sincerely believe
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NIMASA, NEPC seek indigenous participation in cargo shipment
Thu, 01 Nov 2018
Anna Okon The Nigerian Maritime Administration and Safety Agency, the Nigerian Export Promotion Council and the Nigerian Shippers Council have collaborated to promote the participation of Nigerian shipowners in general cargo shipment. The Director, Western Zone, NIMASA, Olayemi Abass, made this known in a press briefing to herald a stakeholders workshop on non-oil export trade
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IOCs, others shut 101 oilfields DPR
Thu, 01 Nov 2018
Femi Asu International oil companies operating in the country and other producers left a total of 101 oilfields idle as of December 2017 as a result of operational issues and sabotage, among others, the Department of Petroleum Resources has said. The total number of fields (producing and shut in) stood at 285 for 44 oil-producing
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Declining foreign reserves
Thu, 01 Nov 2018
As of Friday October 25, 2018, Nigerias Foreign Reserves declined to US$42.34bn (from its high of US$47.8bn on May 11, 2018), crashing by about US$500m in the last one week alone. Anyone following my interventions both on the mainstream and social media platforms knows that this decline was expected given the FPI portion of our
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PPP way out of govts financial crisis
Thu, 01 Nov 2018
Williams Babalola The Chief Executive Officer of Prosperis Holdings, Mr Kayode Fadahunsi, has advised state governments across the country to partner private firms in their bid to improve their Internally Generated Revenue base. Fadahunsi, in a statement, also stressed the need for the Federal Government, currently facing revenue challenges despite high crude oil prices, to
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Dangote refineryll compete with imports from Europe, others
Thu, 01 Nov 2018
Femi Asu Dangote Oil Refinery Company has said the petroleum products from the refinery it is building in Lagos will compete with imports from Europe, Middle East and India. The company said the 650,000 barrels per day refinery had been designed to process a variety of light and medium grades of crude and produce extremely
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Freight: CILT laments poor contribution of rail, inland waterways
Thu, 01 Nov 2018
Anna Okon The Chartered Institute of Logistics and Transport, Nigeria has bemoaned the low contribution of the rail and inland waterways to movement of freight tonnage across the country. The National President of CILT, Ibrahim Jibrin, who expressed this dismay at the 2018 Annual General Meeting of the institute in Lagos, tagged Trucks in Freight
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Gas pipeline security crucial to national development Total
Thu, 01 Nov 2018
Okechukwu Nnodim, Abuja The Managing Director, Total Exploration and Production Nigeria Limited, Nicolas Terraz, has said that security of gas pipelines is one of the crucial areas requiring attention in the Nigerian oil and gas sector. He said the security of pipelines must be given adequate attention if the Nigerian power, oil and gas sectors
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Reps probe alleged loss of N91tn by NNPC
Thu, 01 Nov 2018
John Ameh, Abuja The Nigerian National Petroleum Corporation is enmeshed in another controversy over an alleged oil deal in excess of N91tn that may have been lost by the country. In the deal, now a subject of investigation by the House of Representatives Committee on Petroleum Resources (Downstream), a Chinese firm, Hungbohai Petrochemical Industry Limited,
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Payers to bear charges as new TSA regime begins
Thu, 01 Nov 2018
Ifeanyi Onuba, Abuja There are indications that from today, (Thursday, November 1), the service charge on all payments into the Treasury Single Account of the Federal Government will be borne by the payer of such funds. Findings revealed that this was one of the decisions reached at a stakeholders sensitisation programme on TSA e-Collection charges
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Naira depreciates against dollar at investors window
Thu, 01 Nov 2018
The Naira on Wednesday depreciated to N363.54 to the dollar at the investors window in Lagos, weaker than N363.32 posted on Tuesday. Investors traded 397.57 million dollars in turnover at the end of trading. At the official CBN window, the naira closed at N306.6 to the dollar. Currency buyers bought the naira on the streets
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FG sends NHIS boss on leave, sets up probe panel
Thu, 01 Nov 2018
Olalekan Adetayo and Eniola Akinkuotu The Federal Government on Wednesday ordered the Executive Secretary of the National Health Insurance Scheme, Prof. Usman Yusuf, to proceed on an administrative leave immediately. It has also set up a seven-man panel to investigate the allegations levelled against him by the schemes Governing Council, which led to his recent
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Nigeria drops on World Banks Ease of Doing Business ranking
Thu, 01 Nov 2018
Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking, moving to the 146 position from 145 last year. In a report entitled: Doing Business 2019: A Year of Record Reforms, Rising, which was released by the bank on Wednesday, Mali ranked ahead of Nigeria. Explaining the basis of the
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Nigerian arbitrators battle job loss to foreigners
Thu, 01 Nov 2018
Oladimeji Ramon Experts say Nigeria has a large pool of competent arbitrators and other Alternative Dispute Resolution specialists. At the moment, there are no fewer than seven ADR institutions in the country and more are springing up. Among the existing ADR bodies in Nigeria are the Nigerian Institute of Chartered Arbitrators; the Nigerian branch of
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Akwa lbom builds 21-storey building to attract oil majors
Thu, 01 Nov 2018
Etim Ekpimah, Uyo The Akwa Ibom State Government has said its 21-storey building in Uyo is meant to silence multinational oil companies who said that the state did not have facilities to host them in the state. It was learnt that the building was currently under construction and was initially intended to be sited at
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Minimum wage: Unions begin strike next week, slam govs
Thu, 01 Nov 2018
Olalekan Adetayo, and Eniola Akinkuotu The Nigeria Labour Congress has rejected the N22, 500 minimum wage recommended by the Nigeria Governors Forum, adding that an indefinite strike shall commence on November 6, 2018. The President of the NLC, Ayuba Wabba, said this at a press conference in Abuja on Wednesday. The NLC President said the
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Is industrial court bound by Sheriffs and Civil Process Act
Thu, 01 Nov 2018
Adegboyega Awomolo There is currently a legal logjam as to whether the Sheriffs and Civil Process Act, specifically Section 97, applies to a writ issued by the National Industrial Court of Nigeria. As of today, the National Industrial Court of Nigeria, which was created pursuant to the Constitution of the Federal Republic of Nigeria (Third
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Adeleke arraigned for exam malpractices, granted bail
Thu, 01 Nov 2018
Ade Adesomoju, Abuja The police on Wednesday arraigned the Peoples Democratic Partys governorship candidate in the September 22, 2018 election in Osun State, Senator Ademola Adeleke, and four others, on charges of examination malpractices. The defendants were arraigned before Justice I.E Ekwo of the Federal High Court in Abuja where they all pleaded not guilty
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Netherlands minister in Nigeria, seeks end to human trafficking
Thu, 01 Nov 2018
Olaleye Aluko, Abuja The Netherlands Minister of Foreign Affairs, Mr Stephanus Blok, has said human trafficking must end in Nigeria, stressing that his country and the Nigerian authorities must strengthen cooperation to tackle illegal migration and human abuses. Blok stated this in Abuja at the headquarters of the National Agency for the Prohibition in Trafficking
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CJN urges judges to be firm, backs ADR
Thu, 01 Nov 2018
Ade Adesomoju, Abuja The Chief Justice of Nigeria, Justice Walter Onnoghen, has called on judges to be firm in the handling of the cases before them. This came as the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), the President of the Chartered Institute of Arbitrators, United Kingdom, Mr James
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Falana seeks SERAP, NEITI collaboration on NNPC unremitted $22.06bn
Thu, 01 Nov 2018
Oladimeji Ramon Human rights lawyer, Mr Femi Falana (SAN), has urged an anti-corruption advocacy group, Socio-Economic Rights and Accountability Project, to collaborate with the Nigeria Extractive Industries Transparency Initiative to help the Federal Government recover alleged unremitted sums of$22.06bn and N481bn from the Nigerian National Petroleum Corporation. Falana said he was making the call in
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Army and Shiites protests
Thu, 01 Nov 2018
The protests by members of Islamic Movement in Nigeria demanding the release of their leader, Ibraheem El-Zakzaky, and the killing of Shiites by the Nigerian Army are a matter of concern considering the fundamental human rights of the citizen to air their views and beliefs in a peaceful protest. A similar incident occurred the other
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Group seeks rightful position in Lagos
Thu, 01 Nov 2018
Oluwatobi Akindele A socio-cultural organization, Egbe Omo Ilaje, has accused the Lagos State Government of not being fair to the Ilaje-speaking indigenes in the state. The National President of the group, Prince Raphael Irowanu, spoke while fielding questions at a press conference to herald the Ilaje Day celebration in Lagos on Wednesday. Irowanu said the
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Bauchi holds by-election
Thu, 01 Nov 2018
Armstrong Bakam Bauchi The by-election for the Toro Federal Constituency, House of Representatives in Bauchi State will hold on November, 14, 2018, the Independent National Electoral Commission has announced. The Toro Federal Constituency seat became vacant following the election of Lawal Gumau as the senator representing Bauchi-South Senatorial District. The Toro Local Government Area has
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Prince Charles, Camilla begin African tour, to visit Nigeria
Thu, 01 Nov 2018
Britains Prince Charles and his wife Camilla landed on Wednesday in The Gambia for the first leg of a week-long African tour aimed at strengthening ties with Commonwealth nations. The Prince of Wales, heir to the throne, took over as head of the 53-member Commonwealth of Nations in April, succeeding his mother, Queen Elizabeth II.
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Shiites protests: Over 45 killed, says Amnesty
Thu, 01 Nov 2018
Human rights campaigners on Wednesday accused Nigerias security forces of killing dozens by using horrific force during a crackdown on protesting supporters of an imprisoned Shiite cleric. Amnesty International said it had strong evidence that police and soldiers used automatic weapons against members of the Islamic Movement of Nigeria (IMN) at marches in and around
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US could send 15,000 troops to Mexico border Trump
Thu, 01 Nov 2018
President Donald Trump said Wednesday that as many as 15,000 soldiers could be dispatched to the US-Mexican border to stop what he described as dangerous groups of immigrants. With more than 5,000 soldiers already being sent, Trump told reporters well do up to anywhere between 10 and 15,000 military personnel. Its a dangerous group of
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Minimum wage: TUC rejects governors proposal
Thu, 01 Nov 2018
The Trade Union Congress of Nigeria on Wednesday said it rejected the N22,500 minimum wage announced by the Governors Forum. TUC President, Mr. Boboi Kaigama, said this at the end of its National Executive Council meeting in Lagos. Kaigama, who read the communique, said that the NEC rejected the amount on the grounds that the
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Nigerian wins 50,000 Prince of Wales Young Sustainability Entrepreneur Award
Thu, 01 Nov 2018
A Nigerian, Adepeju Jaiyeoba, has been awarded the 2018Prince of Wales Young Sustainability Entrepreneur Award. Jaiyeoba, who runs a social enterprise that supplies birthing kits to health centres was handed the award at a ceremony in London on Tuesday. As the HRH Prince of Wales Young Sustainability Entrepreneur Prize winner, Adepeju will receive a 50,000cash
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