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Today’s Punch Newspaper Headlines, Monday 3rd December 2018

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Minimum wage: Were losing patience, NLC warns FG
Mon, 03 Dec 2018

The Nigeria Labour Congress on Sunday described the Federal Government’s silence on the N30,000 minimum wage proposal as provocative, stressing that it expected President Muhammadu Buhari to have sent a draft bill to the National Assembly weeks after report on the minimum wage was submitted to him.

Organised labour said it would not wait till eternity for the government on the issue.
In an interview with one of our correspondents, the General Secretary of the NLC, Mr Peter Ozo-Eson, said members of the union were becoming restless with the way the government had handled the issue, adding that unless government acted fast, the union might meet again to review government’s position and take necessary action to press home its demand.

But he did not say when the leadership of the union would likely meet.

Ozo-Eson said, “The latest about the issue of the minimum wage is clear. We expect that since the Presidency had already received our report, the President should have drafted an executive bill to the National Assembly on it so that they can begin to legislate on it.

“That has not been done even though we expect that it should have been done already. We cannot continue to wait forever.

“The next step as I said is for the President to transmit a draft bill to the National Assembly. The FG’s delay on the issue is provocative, our members are becoming restless and the FG must act fast on our report.

“If the delay continues, our next step will be made public after we meet again to review the steps taken so far.”

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Atiku not Buharis match, will suffer bloodied nose Dambazau
Mon, 03 Dec 2018
Kamarudeen Ogundele, Abuja The Minister of Interior, Abdulrahman Dambazau, has said former Vice-President Abubakar Atiku is no match for President Muhammadu Buhari and will suffer a bloodied nose in the 2019 presidential election. Atiku is the candidate of the Peoples Democratic Party while the incumbent President, Buhari is of the All Progressives Congress. Addressing journalists
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Akeredolu backs Buhari on aggrieved APC members
Mon, 03 Dec 2018
Peter Dada, Akure Ondo State Governor Rotimi Akeredolu is backing President Muhammadu Buhari that the aggrieved members of All Progressives Congress can seek redress in court. But the governor disagreed with some members of the partys National Working Committee, who faulted the presidents position on the issue. Speaking on Sunday, Akeredolu said Buharis position on
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Ondo lawmakers want Buhari, NAssembly to intervene in crisis
Mon, 03 Dec 2018
Mudiaga Affe Members of the Ondo State House of Assembly, led by Mr. Araoyinbo Olugbenga, on Sunday called on President Muhammadu Buhari and the National Assembly to intervene in the crisis rocking the assembly. The House had been in turmoil following the purported impeachment of the speaker and his deputy, Bamidele Oleyeloogun and Iroju Ogundeji,
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Ill embarrass Buhari, Atiku with ideas
Mon, 03 Dec 2018
Friday Olokor, Abuja The presidential candidate of the Abundant Nigeria Renewal Party, Tope Fasua, has promised to embarrass President Muhammadu Buhari and the standard bearer of the Peoples Democratic Party, Alhaji Atiku Abubakar, with ideas on how to run the country. Fasua spoke in an interview with journalists in Abuja on Friday during the second
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We wont be intimidated, Wike tells security agents
Mon, 03 Dec 2018
Chukwudi Akasike, Port Harcourt Governor Nyesom Wike of Rivers State has said that the no amount of illegal use of force by security agents will intimidate the government and people of the state. Speaking during the opening of a community hall in Ogbogoro Town in the Obio/Akpor Local Government Area of the state, Wike, said
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ADP presidential candidate steps down for Olawepo-Hashim
Mon, 03 Dec 2018
Olalekan Adetayo, Abuja The presidential candidate of the Action Democratic Party, Mathias Tsado, has stepped down from the race. He said he dropped his ambition in order to collaborate with the presidential candidate of the Peoples Trust, Gbenga Olawepo-Hashim. Tsado made his decision known during a joint press conference he addressed with Olawepo-Hashim in Abuja
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PDP group endorses APGA candidate
Mon, 03 Dec 2018
Ogbonnaya Ikokwu , Umuahia The Great Reformers Group has endorsed the candidate of the All Progressives Congress Grand Alliance, Dr. David Onuoha-Bourdex, for Abia North Senatorial district. The leader of the group, Chief Kalu Mba-Nwoke, stated this when he led members of the group on a solidarity visit to Onuoha-Bourdex in Abairiba, Ohafia Local Government
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Navy pledges improved security on waterways
Mon, 03 Dec 2018
Afeez Hanafi The Nigerian Navy has promised to intensify efforts in securing the maritime environment. The Flag Officer Commanding, Western Naval Command, Rear Admiral Habila Ngalabak, said the force recently carried out a three-day special sea exercise, codenamed Anum Buneng. He said the exercise was part of the efforts to address the nations maritime security
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Nigerias inflation ratell rise to 11.4%, says CBN
Mon, 03 Dec 2018
Nike Popoola Nigerias inflation rate is expected to rise to about 11.4 per cent for the rest of this year till mid-2019, the Central Bank of Nigeria has said. The CBN Governor, Godwin Emefiel*e, disclosed this while speaking on Nigerias outlook and policy thrust for 2019. He said, Inflation expectations are rising on the backdrop
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Subsidy debts: Oil marketers give FG 7-day ultimatum
Mon, 03 Dec 2018
Femi Asu with agency report Oil marketers have issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts, including foreign exchange differentials and interest rate component, owed to them. The marketers, under the aegis of Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria
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Privatisation: Discos fail to deliver five years after FG
Mon, 03 Dec 2018
Okechukwu Nnodim, Abuja Five years after the privatisation of Nigerias power sector, electricity distribution companies have still not met their various performance agreements, the Federal Government has said. Speaking through its agencies in the sector Nigerian Electricity Regulatory Commission, Niger Delta Power Holding Company and Bureau of Public Enterprises, the government stated that power
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Shell to supply gas to 140MW Aba IPP
Mon, 03 Dec 2018
Femi Asu The Shell Petroleum Development Company of Nigeria Limited and its joint partners have signed a gas supply and aggregation agreement that will support the 140-megawatts Aba Integrated Power Project in Abia State. The agreement, which is between the SPDC, Geometric Power Aba Limited, and Gas Aggregation Company of Nigeria, was signed on Friday
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Oando, others boost agriculture in Niger Delta
Mon, 03 Dec 2018
Femi Asu Oando Plc and its joint venture partners, Nigeria Agip Oil Company and the National Petroleum Investment Management Services, say they have invested to improve agricultural sector in Nigeria. Oando and its JV partners stated this at the annual Green River Project/Farmers Day celebration in Igbo-ogene, Bayelsa State on Saturday. According to a statement,
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Streamline the functions of DPR, stakeholders tell FG
Mon, 03 Dec 2018
Okechukwu Nnodim, Abuja Stakeholders in the oil and gas sector have called on the Federal Government to streamline the roles of the Department of Petroleum Resources in order to make the agency more effective and efficient in the discharge of its functions. According to them, the issuance of licences for the drilling of crude and
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Lafarge Africa expends N168m on community projects in Ogun
Mon, 03 Dec 2018
Tunji Bosun,Abeokuta The Countrys Chief Executive Officer, Lafarge Africa, Michel Puchercos, has disclosed that the firm had spent N168 million on various community projects, cutting across education, health care delivery, economic empowerment, agricultural production and elderly care support programmes in Ogun State . Puchercos stated this at the 2018 Lafarge Community Day held for its
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Sterling Bank wants more digital solutions from CeBIH
Mon, 03 Dec 2018
Nike Popoola The Managing Director/Chief Executive, Sterling Bank Plc, Abubakar Suleiman, has called on members of the Committee on E-Business Industry Heads to deploy the digital competencies used in developing Nigerias payment system to solve other socio-economic problems in the country. He gave this charge while delivering the keynote address at the 2018 annual CeBIH
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Diamond Bank unveils new subscription service
Mon, 03 Dec 2018
Nike Popoola Diamond Bank Plc has introduced a lifestyle subscription service, called XclusivePlus, for its affluent banking customers. The bank said in a statement that the initiative was part of its efforts to go beyond banking in serving its customers better and impacting on their lives. The Head, Consumer Banking, Diamond Bank, Kari Tukur, said,
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Nigeria cut food imports, saved $21bn in 34 months Emefiele
Mon, 03 Dec 2018
Nike Popoola The Central Bank Governor, Godwin Emefiele, has said that Nigerias monthly food import bill fell from $665.4m in January 2015 to $160.4m as of October 2018. He said the reductions in food import were recorded on rice, fish, milk, sugar and wheat, adding that the policy would be maintained. He said, Noticeable declines
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Annual domestic debt servicing goes up by N247bn
Mon, 03 Dec 2018
The cost of servicing domestic debt has been on the increase in the past five years, as the Federal Government spent N1.48tn on the subject in 2017, Everest Amaefule reports The Federal Government spent N247.46bn more in servicing the domestic component of its public debt in 2017 than it spent in 2016, investigation has shown.
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NAICOM to extend bancassurance to microfinance banks
Mon, 03 Dec 2018
Nike Popoola As part of efforts to increase insurance coverage, the National Insurance Commission and insurance companies are planning to extend the bancassurance strategy to the microfinance banks. Bancassurance is a method in which insurance companies sell their products through the banking channels to customers of the bank. The Commissioner for Insurance, Alhaji Mohammed Kari,
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Leadway gets insurance recognition
Mon, 03 Dec 2018
Leadway Assurance Company Limited has been awarded the Insurance Company of the Year 2018 at the Business Day Banking and Financial Institutions Awards in Lagos. In a statement, the BAFI Awards is an annual event that celebrates the achievements of those who drive growth, development and financial inclusion in Nigeria; and it draws a large
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Boosting your start-up with government entrepreneurship initiatives
Mon, 03 Dec 2018
FEYISAYO POPOOLA writes on the various entrepreneurship development programmes that Nigeria has recently adopted as its main strategy for combating unemployment, with focus on the activities of the Lagos State Employment Trust Fund Worried about the state of unemployment and youth redundancy in the country, the Federal Government of Nigeria and other state governments have
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Tips for borrowing money online
Mon, 03 Dec 2018
Online banking has been an establishment for several years, but online loans have been slower to impress. Fortunately, there are now plenty of good online lenders to choose from. You are not just filling out the same old forms for your bank (which will be reviewed by a bank loan officer) true online lenders
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Collapsed building developers should be prosecuted Awobodu
Mon, 03 Dec 2018
Mr Kunle Awobodu is the 1st Vice President of the Nigerian Institute of Building and a former President, Building Collapse Prevention Guild. He tells MAUREEN IHUA-MADUENYI that collaboration between potential homeowners, the government and professionals will curb the spate of building collapse A lot has been said about building collapse, yet it has become endemic
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Best days for online shopping deals
Mon, 03 Dec 2018
Do you want to skip the long shopping queues this year’ With so many online retailers jumping on the Black Friday bandwagon and offering free shipping deals to compete with physical brick-and-mortar stores, there are few good reasons to get ready to actually go to a store, and also many great reasons to stay at
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Architects to boost economic development through national regeneration
Mon, 03 Dec 2018
Maureen Ihua-Maduenyi Architects in the country have pledged to participate fully in national regeneration as a way of rebuilding the nation and contributing to economic development. The President, Nigerian Institute of Architects, Mr Adibe Njoku, said the facets of regeneration could take the angle of urban renewal and regeneration propositions towards solving the countrys social
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Nigeria generates $180m from gaming activities Report
Mon, 03 Dec 2018
Ife Ogunfuwa Nigeria leads in the amount of revenue it generated from gaming activities between January and October 2018 ahead of its peers on the continent, a latest report on the Global Games Market for the period under review has shown. Analyses of the data in the report showed that Nigerian ranked second on the
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NSE inducts NAMA engineering director as fellow
Mon, 03 Dec 2018
The Nigerian Society of Engineers has inducted the Director of Safety Electronics and Engineering Services in the Nigerian Airspace Management Agency, Ahmed Farouk, as a fellow. Farouk was one of the 32 professionals inducted at an event in Abuja, as part of activities marking the 60th anniversary of the society. A statement by NAMA quoted
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Edo JAAC declares N3.2bn allocation for LGAs
Mon, 03 Dec 2018
The Edo Joint Account and Allocation Committee has declared N3.20billion as the total allocation that accrued to the 18 Local Government Areas in the state for the month of November. The committee also said that there was a two per cent increase in the Internally Generated Revenue in the councils. Chairman, Oredo Local Government Area,
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Stock market weakens, records N581bn loss in November
Mon, 03 Dec 2018
Feyisayo Popoola The nations stock market weakened as it recorded a N581bn loss in November. The market capitalisation of equities listed on the Nigerian Stock Exchange, from N11.852tn on October 31, 2018, dropped to N11.271tn on November 30. The market performance worsened last week as sell-offs persisted. As a result, the All Share Index declined
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Reduce building collapse in Nigeria, Falana tasks builders
Mon, 03 Dec 2018
Okechukwu Nnodim, Abuja Human rights lawyer and a Senior Advocate of Nigeria, Femi Falana, has urged members of the Council Of Registered Builders of Nigeria to help reduce the spate of building collapse across the country. Falana, who was a guest speaker at the recent industry conference organised by CORBON in Abuja, stated that the
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How to apply for a government loan
Mon, 03 Dec 2018
Applying for a personal government loan is a simple process. Through an online database, you can access information on various loans and apply for the loan that best meets your needs. According to Sapling, lenders take significant risks on you as a small start-up business, and want as much assurance as possible they are making
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ESET sensitises Nigerians to targeted attacks
Mon, 03 Dec 2018
Ife Ogunfuwa ESET, a global cybersecurity company, has sensitised Nigerians to the dangers of targeted cyberattacks on organisations. This was made known at the commemoration of ESET Security Day by the company in Lagos, where business owners, decision makers and end-users interacted with security experts and senior management from ESET to discuss the security landscape
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Housing deficit: EchoStone to build 2,000 homes in Badagry
Mon, 03 Dec 2018
Maureen Ihua-Maduenyi Property development firm, EchoStone Nigeria, is set to build 2, 000 new homes in Badagry area of Lagos, using innovative construction technology. The initiative, aimed at reducing housing deficit, is in conjunction with the Lagos State Government through the Ministry of Housing. The firm, on Thursday laid the foundation for the speedy construction
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DHL buys new cargo aircraft, Airbus A330-200
Mon, 03 Dec 2018
Okechukwu Nnodim, Abuja An international express services provider, DHL, has announced the purchase and launch of a new Airbus 330-200 cargo aircraft on the Belgium Lagos intercontinental route. The firm said in a statement that the aircraft would carry out flights six days per week from Belgium to Lagos, providing a seamless trade link
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Lagos not under bondage, Sanwo-Olu replies Agbaje
Mon, 03 Dec 2018
Samson Folarin The governorship candidate of the All Progressives Congress in Lagos State, Babajide Sanwo-Olu, has said Lagos is not under bondage. While criticising the Peoples Democratic Party, he asked residents of the state to reject the slavery mentality that the PDP represents. He spoke on Sunday during a visit to the Akran of Badagry,
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Were not losing sleep over FGs no-work-no-pay policy ASUU
Mon, 03 Dec 2018
Falana faults FGs stance on lecturers salaries Ade Adesomoju and Olaleye Aluko The Academic Staff Union of Universities said on Sunday that its members were not losing any sleep over the Federal Governments decision to enforce no-work-no-pay policy against the striking lecturers, noting that the union would be rather surprised if such directive did not
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Branch recognised for deploying artificial intelligence
Mon, 03 Dec 2018
Branch, a startup focusing on credit lending in Nigeria, has won the Artificial Intelligence Excellence award at the African Fintech Summit in Lagos. The summit is a global initiative founded on the idea that financial technology can unleash unprecedented economic firepower in Africa. According to a statement, Branch, alongside other local and international startups and
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Weve not received $1bn to fight insurgency Military
Mon, 03 Dec 2018
Olaleye Aluko, Abuja The military has said it has yet to receive the $1bn promised by the Federal Government to fight insurgency in the North-East. President Muhammadu Buhari in December 2017 promised to take the money from the Excess Crude Account, a decision which became a subject of controversy and debate in the country. Speaking
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Coronation MB among top brands to watch in 2019
Mon, 03 Dec 2018
Coronation Merchant Bank has emerged as one of the top brands to watch in 2019. The bank received the recognition at the Top 50 Brands Nigeria Awards in Lagos, according to a statement. Now in its fourth year, Top 50 Brands Nigeria is an annual selection of top brands (companies) in Nigeria. The rating agency
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Gage Awards to recognise innovative digital experts
Mon, 03 Dec 2018
The Gage Award is set to boost the pace of innovation and growth in the Nigerian ecosystem by recognising outstanding players in the digital industry. The organisers, in a statement on Sunday, stated that The Gage Awards made its first public announcement at the Digital Marketing Conference held in Lagos. It said it was the
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Live healthy to enjoy your pensions, Sigma tells workers
Mon, 03 Dec 2018
Nike Popoola The Managing Director/Chief Executive, Sigma Pensions Limited, Mr Dave Uduanu, has called for increased awareness on the benefits of having a Retirement Savings Account. In a statement, while speaking during the companys maiden edition of its Walk to Live event, which was organised to prepare their customers for a healthy retirement, he also
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Cloning allegation: Its real me, Buhari responds
Mon, 03 Dec 2018
John Ameh, Abuja President Muhammadu Buhari for the first time on Sunday reacted personally to a trending allegation that he was cloned. The real Buhari, according to the allegation, is dead, while the person going about as Nigerias President is a certain Jubril Aminu from Sudan, Buharis cloned version. But speaking in far away Krakow,
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Developer set to complete Kuramo Beach Residence
Mon, 03 Dec 2018
Maureen Ihua-Maduenyi A new residential project called Kuramo Beach Residence in Victoria Island, Lagos is set for completion, the developer, ITB Nigeria Limited has said. According to the developer, the project, also known as Total Residence Development, was awarded in March 2016 with a 36-month timeline. The property is a residential twin tower building on
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N11tn stolen under Buharis watch PDP
Mon, 03 Dec 2018
Success Nwogu, Abuja The Peoples Democratic Party on Sunday said over N11trn had been stolen under the administration of President Muhammadu Buhari, particularly, in the petroleum sector, where he sits as minister. It also challenged Buhari to respond to the alleged diversion of funds meant for the purchase of weapons and welfare of Nigerian soldiers
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Nigeria losses $9.1bn freight revenue to foreign ships annually council boss
Mon, 03 Dec 2018
Mr Hassan Bello, Executive Secretary, Nigeria Shippers Council, on Sunday said the country was losing $9.1billion yearly on freight revenue that could have accrued to its treasury. He said the amount was being lost to foreign ships. Bello, who spoke on the feasibility of the proposed National Carrier, told the News Agency of Nigeria in
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Presence of security agencies saved Akwa Ibom Assembly CP
Mon, 03 Dec 2018
Patrick Odey, Uyo The timely deployment of security officers in the Akwa Ibom State House of Assembly Complex to safeguard security of lives and property prevented hoodlums from burning down the complex, the Akwa Ibom State Commissioner of Police, Musa Kimo, has said He said the action of the police should be commended and not
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