Today’s Punch Newspaper Headlines, Thursday 24th January 2019

Today’s Thisday Newspaper Headlines, Thursday 24th January 2019

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Beckham invests in Salford City
Thu, 24 Jan 2019
David Beckham has become the latest former Manchester United player to invest in Salford City, taking a 10 per cent stake in the club alongside Ryan Giggs, Paul Scholes, Nicky Butt and the Neville brothers. Salford, third in the National League, are one step away from the Football League after winning three promotions in four
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Haleps reign as world number one over
Thu, 24 Jan 2019
Petra Kvitovas surging win over Ashleigh Barty to make the Australian Open semi-finals ensured Simona Haleps reign as world number one is over, not that the Romanian is bothered. The Czech star overtook Haleps points total, while Naomi Osaka and Karolina Pliskova also have a mathematical shot at assuming the mantle when the new rankings
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Sala presumed dead as rescuers suspend search
Thu, 24 Jan 2019
Cardiff City striker Emiliano Sala was not seen as British, French and Channel Islands rescuers on Wednesday suspended a second day of searches after the plane he was flying in disappeared at sea. The Argentine footballer had sent relatives a desperate message shortly before taking off saying the plane looked like it was going to
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Ohanaeze denies fixing meeting to sabotage Buharis campaign
Thu, 24 Jan 2019
Ihuoma Chiedozie and Ogbanna Casmir The apex Igbo socio-cultural group, Ohanaeze Ndigbo, on Wednesday denied claims it deliberately scheduled its Imeobi (Ohanaezes highest decision-making organ) meeting to clash with President Muhammadu Buharis campaign rally in the South-East. The group is expected to hold the meeting in Enugu on Thursday to decide Ohanaezes position on the
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Katsina AG asked us to implicate Shema in N10.8bn fraud ex-ALGON chair
Thu, 24 Jan 2019
Olaide Oyelude, Katsina A former chairman of the Katsina State chapter of the Association of Local Governments of Nigeria, Ibrahim Dankaba, on Wednesday alleged that the state Attorney General and Commissioner for Justice, Ahmad El-Marzuq, told him and some other persons at a meeting to implicate a former governor of the state, Shehu Shema, who
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Politicians cant use us as thugs
Thu, 24 Jan 2019
Kamarudeen Ogundele, Abuja The Amalgamated Commercial Tricycle and Motorcycle Owners, Repairs and Riders Association of Nigeria has said it will not allow its members to be used for electoral violence in the forthcoming general elections. The association, however, promised to deliver 12 million votes to President Muhammadu Buhari in the February 16 presidential election. Addressing
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Give Buhari some credit, ex-agitators tell millitants
Thu, 24 Jan 2019
Samson Folarin Some former Niger-Delta agitators have berated their colleagues for not crediting President Muhammadu Buhari for the Presidential Amnesty Programme Oil and Gas Basic Skills Vocational Training Centre recently inaugurated at Agadagba, in the Ese-Odo Local Government Area of Ondo State. A leader of the group, Timothy Tensibe, said he was disappointed that the
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Atiku didnt travel to US as my aide, says Saraki
Thu, 24 Jan 2019
Eniola Akinkuotu, Abuja Senate President Bukola Saraki says the presidential candidate of the Peoples Democratic Party Atiku Abubakar did not travel to the United States as his aide. The ruling All Progressives Congress had claimed Atiku was granted an entry visa to the US because he posed as an aide to Saraki. Speaking on AITs
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Benue files criminal charges against suspended council bosses
Thu, 24 Jan 2019
John Charles, Makurdi The Benue State Government has instituted criminal case against the six council chairmen suspended by the state House of Assembly on Monday over alleged misconduct, misappropriation of funds and abuse of office. Governor Samuel Ortom requested the Assembly to approve their suspension in response to the petitions against them by the councillors
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NITDA organises phone repair training for youths
Thu, 24 Jan 2019
Ademola Babalola, Ibadan The National Information Technology Development Agency has decided to teach youths in Oyo, Nasarawa, Sokoto and Bauchi states how to repair mobile phones. The Assistant Director, Department of IT Infrastructure and Solution, NITDA, Mr Lawrence Dirisu, told reporters in Ibadan that the weeklong training programme, which began on Wednesday, was targeted at
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Justices Abang, Dimgba redeployed in FHC shakeup
Thu, 24 Jan 2019
Ade Adesomoju, Abuja Justice Okon Abang has been redeployed to the Abuja division of the Federal High Court, from where he was posted to the Asaba division two years ago. His redeployment, according to a circular by the Chief Judge of the Federal High Court, Justice Adamu Abdu-Kafarati, is to take effect on February 11.
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Nasarawa Assembly increases 2019 budget by N3.5bn
Thu, 24 Jan 2019
The Nasarawa State House of Assembly on Wednesday passed the 2019 Appropriation Bill of N90.17bn, the News Agency of Nigeria reports. According to NAN, the House raised the budget by N3.5bn to provide for youth empowerment. The Speaker of the House, Alhaji Ibrahim Abdullahi, announced this after the Majority Leader of the House, Alhaji Tanko
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CBN to fine banks for paying counterfeit banknotes
Thu, 24 Jan 2019
Nike Popoola The Central Bank of Nigeria has imposed a penal fee of N1m on each branch of Deposit Money Banks for non-compliance with its Banknote fitness guidelines and clean note policy documents for the industry. The regulator disclosed this in a circular to all DMBs on Penalty for payment of counterfeit monies from ATMs,
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CRiver IRS generates N1.5bn, begins arrest of illegal tax collectors
Thu, 24 Jan 2019
Ada Wodu, Calabar The Cross River State Internal Revenue Service says it generates N1.5bn monthly and has engaged 100 community tax liaison officers to boost revenue drive. It said a task force had equally been set up to arrest illegal tax collectors who posed as tax officers of the agency. The Executive Chairman of CRIRS,
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Nigerian economic confidence at 12-month low Report
Thu, 24 Jan 2019
Nike Popoola The Association of Chartered Certified Accountants and Institute of Management Accountants have said in their report on Global Economic Conditions that Nigeria faces its lowest economic confidence scores in a year, after a fall in the final quarter of 2018. The accountants in a statement on Wednesday said, In the midst of a
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EFInA appoints Diei as CEO
Thu, 24 Jan 2019
Nike Popoola Enhancing Financial Innovation and Access says it has appointed Esaie Diei as its chief executive officer. The firm said in a statement that in the capacity, Diei would be responsible for leading EFInA and ensuring that the organisation continued to advance on its mission of facilitating the emergence of an all-inclusive and growth-promoting
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Only 12 states are funding workers pension accounts PenCom
Thu, 24 Jan 2019
as 15 others fail to comply Nike Popoola Only 12 states among those that have enacted the Contributory Pension Scheme laws have been funding the pension accounts of their workers as of the end of June 2018. This was disclosed in the report on Implementation update by the State Governments by the National Pension Commission
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Fraud: AfDB bars Nigerian firm, MD
Thu, 24 Jan 2019
Everest Amaefule, Abuja The African Development Bank Group on Wednesday announced the debarment of a Nigerian firm, ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and its Managing Director, Mr Abuharaira Gero, for a period of 36 months. In a statement issued on Wednesday, the bank explained that the debarment rendered the
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Power grid collapses twice in one week
Thu, 24 Jan 2019
Femi Asu and Okechukwu Nnodim The nations power grid collapsed twice last week, worsening power supply in parts of the country, data obtained from the Ministry of Power, Works and Housing showed on Wednesday. The grid suffered a total collapse on January 18 and 19, increasing the total number of collapses recorded this month to
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Growing calls for reform of downstream oil sector
Thu, 24 Jan 2019
The downstream sector of the Nigerian oil and gas industry is in desperate need of reform as unresolved challenges continue to dampen private sector players appetite to invest further, writes FEMI ASU The recent announcement by the Chairman of Forte Oil Plc, Mr Femi Otedola, of his decision to sell all his shares in the
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Retention of benchmark interest rate reasonable Utomi
Thu, 24 Jan 2019
Femi Asu with agency report A professor of Political Economy and management expert, Pat Utomi, has said the retention of the Monetary Policy Rate (the benchmark interest rate) by the Monetary Policy Committee of the Central Bank of Nigeria is reasonable. Utomi was quoted by the News Agency of Nigeria as saying on Wednesday in
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Power: Meter shortfall hits 5.3 million
Thu, 24 Jan 2019
Okechukwu Nnodim, Abuja The latest metering statistics from the Nigerian Electricity Management Services Agency has put the metering gap in the power sector at 5,323,433. NEMSA, in its 2018 metering statistics for Nigeria, said the total customer base in the sector stood at 8,914,601, while the number of metered customers was put 3,591,168 customers, leaving
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Steps to registering your business
Thu, 24 Jan 2019
Ifeanyi Onuba, Abuja In January 2017, the Federal Government through the Presidential Enabling Business Environment Council undertook a survey on the Nigerian economy aimed at finding key constraints on doing business as well as policy intervention to address them. Seven key areas requiring immediate reforms were identified. Some of the key constraints are starting a
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LSE to power cryptocurrency exchange
Thu, 24 Jan 2019
The London Stock Exchange is providing the trade-matching technology for an upcoming cryptocurrency exchange in Hong Kong. The LSE Group announced on Tuesday that its Millennium Exchange matching engine has been chosen to power AAX, a new exchange platform being launched by Hong Kong-based fintech firm ATOM Group. AAX is scheduled to be launched in
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Customs want 35% levy on vehicle importation reduced
Thu, 24 Jan 2019
Ifeanyi Onuba, Abuja The Comptroller-General of Customs, Col Hameed Ali (retd.) has called on the Federal Government to reduce the 35 per cent levy on imported vehicles so as to check the rising cases of smuggled vehicles into the country. Ali said this on Wednesday in Abuja at the unveiling of a Strategic Revenue Growth
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Well test Lagos-Abeokuta rail line early February NRC
Thu, 24 Jan 2019
Samuel Awoyinfa with agency report The Nigerian Railway Corporation has said there will be a test run on the Lagos-Ibadan standard gauge line early February. The Managing Director, Mr Fidet Okhiria, disclosed this on Wednesday in Ogun State during an inspection tour of the project. He explained that the work on the tracks had recorded
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Importance of obtaining a business loan
Thu, 24 Jan 2019
Small businesses take out commercial bank loans for a variety of reasons. Loans can come from other sources as well. Credit unions make loans to small businesses. According to the balancesmb.com, loans can be made using accounts receivable or inventory as collateral. Borrowing money is expensive for a company and raises its risk. In addition
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Nigerian crude offered at highest since mid-2014
Thu, 24 Jan 2019
Femi Asu with agency report The Nigerian crude oil market remained strong on Wednesday, with sellers feeling confident enough to offer two of the countrys grades, Bonny Light and Qua Iboe, around their highest in over four years. Shortages of Libyan and Algerian crudes and a smaller export programme for CPC, as well as a
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MEMMCOL, Ikeja Electric to collaborate on substation enhancement
Thu, 24 Jan 2019
Femi Asu Ikeja Electric Plc and Momas Electricity Meters Manufacturing Company Limited have expressed their readiness to partner on substation enhancement in a bid to enhance the quality of electricity distribution to consumers. The Onipanu 500KVA distribution substation, which is the pilot scheme of the project, was handed over to the power firm on Friday,
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Powergas, Austrian firm unveil gas-fired buses
Thu, 24 Jan 2019
to save Nigeria over $2.5bn per year Femi Asu Powergas Nigeria and an Austrian clean tech company ETEFA, have unveiled gas-fired city buses for public transport in Nigeria as part of efforts to curb gas flaring. The initiative was introduced by the Clean and Environmentally Sustainable Transportation Programme under the Gas Flare Monetisation Projects, a
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Rosatom to train Nigerians, others in nuclear energy
Thu, 24 Jan 2019
Okechukwu Nnodim, Abuja A Russian nuclear energy corporation, Rosatom, has announced plans to train Nigerians and other African students in nuclear energy studies. It said the training, which would be through scholarships, would nurture the next generation of nuclear energy experts in Nigeria and across Africa. In an email to our correspondent, the corporation announced
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Aiteo boss gets recognition
Thu, 24 Jan 2019
Femi Asu The Founder and Chief Executive Officer, Aiteo Group, an indigenous oil and gas firm, Mr Benedict Peters, has been recognised as the Business Man of the Year. The group announced that its boss was honoured at the Vanguard Personality of the Year 2018 Awards in Lagos. It described Peters in a statement as
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FTSE falls as Metro Bank loses 39%
Thu, 24 Jan 2019
The FTSE 100 has fallen into the red as fears over global growth continued to linger, shedding 59 points to 6,843. The latest damage to sentiment came from the Financial Times report that the United States had rejected an offer for preparatory talks with China ahead of a higher level meeting next week. Among the
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Electricity returns to 26 Oyo communities after 14 years
Thu, 24 Jan 2019
Residents of Amuloko/Akanran and 25 other communities in Ona-Ara Local Government Area of Oyo State have been reconnected to the national power grid after about 14 years of blackout. The process of the restoration of power supply to the communities, according to a statement, began in September 2018 after a petroleum engineer and philanthropist, Chief
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FG to auction N150bn bonds January 30
Thu, 24 Jan 2019
Nike Popoola The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on January 30. A circular by the DMO on Wednesday, showed the breakdown of the figure to include a N50bn five-year reopening bond that would mature in April 2023 and be offered at 12.75 per cent;
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Amazon rolls out Scout delivery robots
Thu, 24 Jan 2019
Amazon on Wednesday began putting cooler-sized robots to work delivering packages to customers in a neighbourhood outside Seattle. Electric-powered, wheeled delivery vehicles named Scout were created by Amazon and guide themselves along sidewalks at a walking pace, according to Sean Scott, the vice president heading the project. Amazon becomes the latest entry to the market
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Marafa, Saraki disagree over N2.4bn oil subsidy payment
Thu, 24 Jan 2019
Sunday Aborisade, Abuja The Chairman, Senate Committee on Petroleum Resources (Downstream), Senator Kabir Marafa, has disagreed with the Senate President, Bukola Saraki, over his comment on the amount of money being paid daily by the Federal Government to subsidise fuel in Nigeria. Saraki said on an Africa Independent Television programme on Wednesday morning the senate
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Reps detect errors in budget, order ministries to reconcile figures today
Thu, 24 Jan 2019
Leke Baiyewu, Abuja The House of Representatives, during the second reading of the 2019 Appropriation Bill on Wednesday, detected some miscalculations in the budget. The House therefore directed ministries of finance and budget to reconcile the figures latest by Thursday (today). At the opening of the plenary, the Majority Leader, Mr Femi Gbajabiamila, led the
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Buhari says Ive achieved peace in Borno, Yobe, PDP disagrees
Thu, 24 Jan 2019
Olusola Fabiyi, Adeniyi Olugbemi and Chidiebube Okeoma Barely 24 hours after ex-President Olusegun Obasanjo said the Boko Haram insurgency had worsened under the current administration, President Muhammadu Buhari on Wednesday said his government had done well in the area of security. Buhari stated this while addressing the All Progressives Congress supporters at the partys presidential
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Resident doctors in LASUTH threaten to go on strike
Thu, 24 Jan 2019
Dayo Ojerinde Resident doctors at the Lagos State University Teaching Hospital, Ikeja, have threatened to go on strike over the inability of the Lagos State Government to meet their demands. The President of the Association of Resident Doctors, LASUTH branch, Dr Fatai Balogun, said the action became necessary after efforts to get the state government
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Osun PDP senatorial candidate faces disqualification suit
Thu, 24 Jan 2019
Oladimeji Ramon A suit seeking the disqualification of the Peoples Democratic Party senatorial candidate for the Osun Central Senatorial District has been filed before the Federal High Court in Osogbo. The plaintiff in the suit, Ibraheem Khalid of Ward 7, Olorunda Local Government Area of Osun State, alleged that the PDP senatorial candidate, Ganiyu Olaoluwa,
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Young lawyers have been neglected Babalola
Thu, 24 Jan 2019
Oladimeji Ramon Lagos-based lawyer and author, Olumide Babalola, has bemoaned what he termed the neglect of young lawyers by the old and established legal practitioners in the country. He said it was time that the leadership of the Bar did more than pay lip service to the welfare and mentorship of the young practitioners. The
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Lagos gets new customary court presidents
Thu, 24 Jan 2019
Oluwatosin Omojuyigbe The Lagos State Chief Judge, Justice Opeyemi Oke, has sworn in four Presidents and two members of the Customary Court, urging them to do substantial justice to parties without recourse to the rigours, harshness and technicalities of the common law. According to the Chief Judge, Customary Courts form the aspect of the formal
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Group alleges irregularities in Warri dredging contract
Thu, 24 Jan 2019
Oladimeji Ramon The Incorporated Trustees of Cadrel Advocacy Centre has alleged irregularities in the award of the contract for the dredging of Warri Channel by the Nigerian Ports Authority. In a suit it filed before the Federal High Court in Lagos, the group is seeking an order nullifying the award of the dredging contract to
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Maternal stress leads to overweight in children
Thu, 24 Jan 2019
Dayo Ojerinde Researchers at the Helmholtz Centre for Environmental Research in Germany, the University of Bristol in the United Kingdom and the Berlin Institute of Health, Germany, have identified a mothers perceived stress during the first year of her childs life as a risk factor for developing overweight in infancy. According to sciencedaily.com, the researchers
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An active lifestyle in older age can prevent dementia Study
Thu, 24 Jan 2019
Dayo Ojerinde A new study conducted at the Rush University Medical Center, Chicago, United States has found that maintaining an active lifestyle in older age may help to maintain memory and thinking skills, as well as reduce the risk of dementia. In a study of 454 older individuals, those who were more active than average
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Mental health consequences of sexual assault
Thu, 24 Jan 2019
Adeoye Oyewole Sexual assault is an act of violence that is, by definition, against the victims will. The victim is forced to submit to genital, oral and/or anal sexual acts due to aggression, abuse and degradation. The attacker controls the situation by using physical force, threats of harm and intimidation. The victim fears she is
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Rickey Tarfas medical trip stalls corruption trial
Thu, 24 Jan 2019
Oladimeji Ramon The corruption trial of a Senior Advocate of Nigeria, Mr Rickey Tarfa, was stalled on Monday as the court was told that the defendant had travelled out of the country for medical treatment. Tarfas lawyer, Mr Jelili Owonikoko (SAN), told Justice Adedayo Akintoye at the Lagos State High Court in Igbosere that his
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N7.65bn fraud: Court adjourns Orji Kalus trial indefinitely
Thu, 24 Jan 2019
Oladimeji Ramon The 12-year-old N7.65bn fraud trial of a former governor of Abia State, Dr Orji Uzor Kalu, has again been adjourned indefinitely by the Federal High Court in Lagos. The trial was fixed for Wednesday but Kalu did not show up in court. Expressing displeasure at the absence of the former governor from court
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