Today’s Punch Newspaper Headlines Wednesday 27th February 2019

Today’s Punch Newspaper Headlines

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Senatorial poll: Akpabio, Akume, Uduaghan lose
Wed, 27 Feb 2019
Shekarau, Shettima, Ndume win The Independent National Electoral Commission on Tuesday declared Dr Chris Ekpenyong of the Peoples Democratic Party as winner of the Saturdays senatorial election in the Ikot-Ekpene Senatorial District of Akwa Ibom State Ekpenyong, a former deputy governor, defeated an incumbent senator, Godswill Akpabio of the All Progressives Congress. The result was
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Uduaghan alleges fraud, PDP protests Omo-Ageges win
Wed, 27 Feb 2019
Simon Utebor and Theophilus Onojeghen, Warri The immediate past governor of Delta State and candidate of the All Progressives Congress for Saturdays Delta South senatorial election, Dr Emmanuel Uduaghan, has called for the cancellation of the poll won by Senator James Manager of the Peoples Democratic Party. Uduaghan alleged that the poll was marred by
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Obi accuses INEC of disenfranchising eight million South-East voters
Wed, 27 Feb 2019
Tony Okafor, Awka The vice-presidential candidate of the Peoples Democratic Party, Mr Peter Obi, has accused the Independent National Electoral Commission of disenfranchising over eight million eligible voters in the South-East during the February 23 presidential election. He said the election was deliberately programmed to ensure that the zone did not participate fully. Obi made
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Ngige, Umeh reject Anambra central senatorial election
Wed, 27 Feb 2019
Tony Okafor, Awka The Minister of Labour and Employment, Dr Chris Ngige, and Senator Victor Umeh have rejected the election conducted in Anambra Central Senatorial District on Saturday. In separate press briefings on Tuesday in Awka, the state capital, the two leaders called for the cancellation of the election in most parts of the district.
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I declared Ifeanyi Ubah winner to save my life Returning officer
Wed, 27 Feb 2019
Tony Okafor, Awka The Returning Officer for Saturdays Anambra South senatorial election, Prof Meshach Umenweke, has written the Independent National Electoral Commission recanting his earlier declaration of the candidate of the Young Progressives Party, Ifeanyi Ubah, as the winner of the poll. In the letter, he claimed the election was inconclusive. He also said he
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I remain Akumes boy
Wed, 27 Feb 2019
John Charles, Makurdi The winner of the Benue North West senatorial poll, Orker Jev, has said he is happy going to the Senate to take over from George Akume who he defeated on Saturday. Jev of the Peoples Democratic Party said it was the zoning arrangement in the area that favoured him, stressing that he
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Mercedes-Benz expands portfolio with new A-Class Sedan
Wed, 27 Feb 2019
Maureen Ihua-Maduenyi Mercedes-Benz is expanding its compact car portfolio with the introduction of the A-Class Sedan, following suit with the likes of the A-Class, CLA and GLA. The automakers compact car segment is said to be fast-growing with the acquisition of new customer groups from different regions around the world. This is said to have
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IATA to improve aviation with diversity, inclusion awards
Wed, 27 Feb 2019
Maureen Ihua-Maduenyi The International Air Transport Association has inaugurated its diversity and inclusion awards to recognise and encourage industry excellence in aviation, globally. The association said three categories of leadership in gender diversity and inclusion would be given inspirational role model award, which would be presented to a female (30+) who holds a senior position
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Protecting yourself from pinless debit card fraud
Wed, 27 Feb 2019
When Automated Teller Machiness first came out, you could only access the money in your bank accounts with a PIN a four digit number unique to every debit card. Now, though you can swipe your debit card at many places without a pin for transactions under $50 and you can make much larger purchases
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AfDB supports African projects with $11.3bn in seven years
Wed, 27 Feb 2019
Nike Popoola About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by the African Development Bank in the African region. In 2018, the bank approved innovative financial instruments on 65 projects in fifteen countries valued at $2.8bn. This was disclosed when governors representing the African Development Bank West Africa
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Retailers, merchants recorded 150,777 failed PoS transactions Tuesday
Wed, 27 Feb 2019
Ife Ogunfuwa Retailers and merchants all over the country experienced 150,777 failed Point of Sales transactions on Tuesday. The Point of Sales transactions carried out by retailers and merchants totalled 798,833 at exactly 7.10pm on Tuesday and had a high failure rate of 19 per cent, live updates provided by the NIBSS showed. Transactions via
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NSE launches trading platform for mutual funds
Wed, 27 Feb 2019
Feyisayo Popoola The Nigerian Stock Exchange in conjunction with the Fund Managers Association of Nigeria, the Association of Stockbroking Houses of Nigeria and the Central Securities Clearing System Plc has launched a mutual fund trading and distribution platform. The Head of Listing Business Division, NSE, Mr Olumide Bolumole, while speaking at the launch of the
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Net foreign exchange inflow falls to $8.44bn in 2018
Wed, 27 Feb 2019
Nike Popoola Foreign exchange flows through the economy resulted in a net inflow of $12.10bn at the last quarter of 2018, compared with $$20.54bn in the corresponding period of 2017. This translated to a fall of $8.44bn in the period under review. According to the fourth quarter report on foreign exchange flow by the Central
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Banks non-performing loans climb to N8.17tn
Wed, 27 Feb 2019
Ifeanyi Onuba, Abuja The banking sector recorded a total amount of N8.17tn as non-performing loans in the 2018 fiscal period. The figure is contained in the banking sector report obtained by our correspondent from the National Bureau of Statistics. The banking sectors N8.17tn NPLs for 2018 was N1.38tn lower when compared to the N9.54tn recorded
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How to sell in a buyers market
Wed, 27 Feb 2019
Abiodun Doherty <span class=”__cf_email__” data-cfemail=”8beae9e2e4effee5efe4e3eef9fff2cbf2eae3e4e4a5e8e4e6″>[emailprotected]</span> The real estate market is cyclical in nature. The market experiences up times and down times. It does not always stay up and it will not always stay down. The down time always follows the up times. If the market is hot or in the up market as it is referred to,
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Nigeria incurring huge losses over stalled $30bn LNG projects Experts
Wed, 27 Feb 2019
Femi Asu More than two years after the Nigerian National Petroleum Corporation reiterated its commitment to two Liquefied Natural Gas projects in the country, there is still uncertainty over whether the multibillion-dollar projects will come on stream. Industry experts, who spoke with our correspondent in separate interviews, said the country was losing out on the
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Controversy surrounds planned diversion of N14.3bn NEPZA fund
Wed, 27 Feb 2019
Ifeanyi Onuba, Abuja There is disquiet at the Ministry of Industry, Trade and Investment over plans to divert the sum of N14.37bn from the budget of the Nigeria Export Processing Zones Authority to the Nigeria Special Economic Zone Investment Company Limited. The N14.37bn is being planned to be diverted from the N48.2bn budget of NEZPA
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Maximising your small farmland for profit
Wed, 27 Feb 2019
Okechukwu Nnodim, Awka A lot of people are into subsistence agriculture in Nigeria. Also, many farmers who farm on small parcels of land strive to attain high productivity, despite the size of their lands. A good number of people who practice subsistence farming also perform one or more activities other than farming on their lands.
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Bond market extends decline amid bearish sentiment
Wed, 27 Feb 2019
Feyisayo Popoola The Federal Government Bonds market extended its bearish trend into the second consecutive week as the market closed on a negative note last week. Bonds traded on slightly bearish sentiments as investors traded cautiously due to the postponed elections and in anticipation of the bond auction, which held on Wednesday. Consequently, the average
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Stanbic IBTC appoints new ED
Wed, 27 Feb 2019
Feyisayo Popoola The Board of Directors of Stanbic IBTC Holdings Plc has appointed Mr Adekunle Adedeji as an executive director. The bank, in a statement made available to the Nigerian Stock Exchange on Monday, said Adedejis appointment took effect from February 22. The statement read in part, Adedeji is also Stanbic IBTC groups chief financial
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ILO flays poor working conditions
Wed, 27 Feb 2019
says its a global employment challenge Samuel Awoyinfa A new report by the International Labour Organisation has identified poor working conditions as the main global employment challenge. This was contained in a report by the international body entitled, World Employment and Social Outlook: Trends 2019, in which it argued that the progress being made in
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Stock market erases gains, loses N84.4bn in six hours
Wed, 27 Feb 2019
Feyisayo Popoola The nations stock market on Tuesday erased the gains recorded in previous sessions as investors lost N84.4bn in six hours of trading. The market started trading on a positive note, rising by 0.11 per cent from 32,709.36 basis points at 10:15 am to 32,744.34 bps at 11:07 am, after which the market started
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South African Airways partners AWA on West Africa connectivity
Wed, 27 Feb 2019
South African Airways has signed a Memorandum of Understanding with Africa World Airlines to enhance connectivity for its customers travelling to, from and beyond the West Africa region. The chief executive officers of SAA and AWA, Mr Vuyani Jarana and Mr John Quan, respectively, on Tuesday completed the pact with the Ghana Minister of Aviation,
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FGs tax claims may delay deepwater oil project Shell
Wed, 27 Feb 2019
Femi Asu with agency report Royal Dutch Shell said on Tuesday that Nigerias claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the country. The Federal Government ordered several major foreign oil and gas companies to pay nearly $20bn in taxes it said
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How to work smart, not hard
Wed, 27 Feb 2019
Working smarter, not harder, is an age-old adage. If you master the concept, your entire working life will be easier. There are simple techniques, according to www.wikihow.com, that you can employ to save steps and tedium from almost any task. Assess everything that needs to be done: Before you plunge into something head first, remember
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Methyl bromide: Ignore NAFDACs warning, NAQS tells farmers
Wed, 27 Feb 2019
Okechukwu Nnodim, Abuja Farmers and exporters who rely on Methyl bromide for the control of certain agricultural pests should ignore the recent warning of the National Agency for Food and Drug Administration and Control on the use of the agro-chemical. According to the Nigeria Agricultural Quarantine Service, the use of Methyl bromide for crop pest
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Lagos PCRC gets new executives
Wed, 27 Feb 2019
The Lagos State Police Community Relations Committee has elected a new executive committee to pilot the affairs of the committee. According to a statement signed by the Chairman Electoral Committee, Lagos State Command PCRC, Mr David Adetomiwa; and the Secretary of the committee, Mr Emeka Atu, the new executives were elected on January 16, 2019,
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CSCS gets ISO/IEC 27001:2013 re-certification
Wed, 27 Feb 2019
Feyisayo Popoola The Central Securities Clearing System Plc says it has obtained the ISO/IEC 27001:2013 recertification, following the recent audit of its compliance with information security risks controls by the British Standards Institution, United Kingdom. The company, in a statement on Tuesday, said the audit involved a series of process validation and assurance check of
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Employees training key to business growth
Wed, 27 Feb 2019
Dayo Ojerinde A representative of Mustard Grain Projects, Ms Ifejola Adeyemi, says there is the need for companies to continually train their employees so as to bring out the best in them. She said this in Lagos on Friday at a press briefing held to announce the 2019 leadership master class of the Mustard Grain
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LAPO MfB links financial inclusion to capacity development
Wed, 27 Feb 2019
Lift Above Poverty Microfinance Bank has reiterated the importance of training in expanding the frontiers of finance and financial inclusion. In a statement, the Managing Director, LAPO MfB, Godwin Ehigiamusoe, said this while felicitating with 16 members of staff of LAPO MfB who were successful in their final examinations at the Institute of Chartered Accountants
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Nigeria loses N1tn to overseas printing, paper industry Don
Wed, 27 Feb 2019
Anna Okon A professor in the Department of Forest Production and Products, University of Ibadan, Prof. Oluwafemi Oluwadare, has said about N1tn is taken out of Nigeria to develop the capacity of the paper, print and graphics industry of other nations to the detriment of the local industry. He also stated that the existing one
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GM plans three-row Chevrolet for 2020
Wed, 27 Feb 2019
General Motors plans to manufacture a three-row, seven-seat variant of its new midsize SUV, Chevrolet, starting in China early next year and followed by other markets. Autoblog reports that GM authoritys sources said the model will be known as the Blazer XL and be based on the Camaro-inspired FNR-CarryAll concept SUV it showed in November
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Elite, importers conspired against Osinbajo at VGC Ojudu
Wed, 27 Feb 2019
Eniola Akinkuotu, Abuja The Special Adviser to the President on Political Matters, Senator Babafemi Ojudu, says Vice-President Yemi Osinbajo lost at his polling unit at Victoria Garden City, Lagos, because he was the victim of an elite conspiracy. Apart from winning at Osinbajos polling unit, the PDPs presidential candidate, Atiku Abubakar, won Eti Osa Local
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INEC set to announce Buhari as President-elect
Wed, 27 Feb 2019
The Independent National Electoral Commission is set to announce President Muhammadu Buhari president-elect, following the collation of results of the 23 February election. INEC chairman, Mahmood Yakubu will make the announcement at 3 a.m. on Wednesday. At the end of collation on Tuesday night, President Buhari crossed the 15 million mark in votes scored in
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I have fulfilled my promise to retire Akume, says Ortom
Wed, 27 Feb 2019
John Charles, Makurdi Benue State Governor, Samuel Ortom, on Tuesday said he had fulfilled his promise to send his former boss, George Akume, into retirement. Akume, who was the All Progressives Congress senatorial candidate for Benue North-West, lost to his Peoples Democratic Partys opponent, Orker Jev. Ortom spoke during a press conference held at the
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PDP rejects Borno, Yobe, Zamfara, Nasarawa election results
Wed, 27 Feb 2019
demands fresh polls, stoppage of collation Olusola Fabiyi and Success Nwogu The Peoples Democratic Party has called for the stoppage of the ongoing collation of results by the Independent National Electoral Commission until the data from the smart card reader accreditation at the polling units are made available to all the parties. The Deputy Director-General,
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2019 budget, wage bill suffer delay as NASS extends recess
Wed, 27 Feb 2019
Sunday Aborisade and Leke Baiyewu, Abuja The National Assembly resumed on Tuesday but was forced to extend its recess to March 12, 2019 as members failed to attend plenary. Lawmakers did not form quorum in both the Senate and the House of Representatives, forcing the President, Bukola Saraki and the Speaker, Yakubu Dogara, respectively, to
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Jonathan paid the money Im being prosecuted for Metuh
Wed, 27 Feb 2019
Ade Adesomoju, Abuja Aformer publicity secretary of the Peoples Democratic Party, Olisa Metuh, insisted on Tuesday that the N400m he was being prosecuted for before the Federal High Court in Abuja was paid to him by a former President, Goodluck Jonathan. Metuh made the claim in response to the charge that he fraudulently received N400m
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Ex-INEC chair Iwu granted bail
Wed, 27 Feb 2019
Chidiebube Okeoma, Owerri The Imo State Commissioner of Police, Dasuki Galadanchi, on Tuesday said a former Chairman of the Independent National Electoral Commission, Prof Maurice Iwu, was invited and granted bail on his own recognisance. This is contrary to the speculation that the former INEC boss, who superintended over the 2007 presidential election, was arrested
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Court sacks Plateau lawmaker for forging UniJos certificate
Wed, 27 Feb 2019
James Abraham, Jos Justice Musa Kurya of the Federal High Court in Jos on Tuesday convicted Mr Ibrahim Hassan, a serving lawmaker in the Plateau State House of Assembly in a case of certificate forgery. The sacked APC lawmaker, who represented Jos North in the Plateau State House of Assembly, was dragged to court in
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Alleged certificate forgery: Court rules on Wikes eligibility March 8
Wed, 27 Feb 2019
Rivers officials refuse to be paraded by soldiers Chukwudi Akasike, Ade Adesomoju, Eric Dumo, and Sampson Itode The Federal High Court in Abuja on Tuesday fixed March 8 to deliver judgement in the suit seeking an order disqualifying Governor Nyesom Wike of Rivers State from contesting the 2019 governorship election in the state. The judgement
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Drama as APC wins Bauchi senatorial poll without candidate
Wed, 27 Feb 2019
Armstrong Bakam, Bauchi Following the confusion in the All Progressives Congress in Bauchi State over who is the partys authentic candidate for the Bauchi South senatorial poll is, the Independent National Electoral Commission decided to declare the APC the winner of the election. INEC, however, refused to mention the name of Lawal Gumau, the senator
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I wish those who emerged well, Saraki reacts to loss
Wed, 27 Feb 2019
Sunday Aborisade, Abuja The President of the Senate, Dr Bukola Saraki, has stated that, in spite of the inadequacies that allegedly attended last Saturdays presidential and National Assembly elections in Kwara State, he is wishing the candidates who emerged from the elections the best of luck. Saraki had on Monday denied congratulating the winner of
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Ambode, Utomi advise civil servants on life after retirement
Wed, 27 Feb 2019
Oluwatobi Akindele The Lagos State Governor, Akinwunmi Ambode, and renowned economist, Prof. Pat Utomi, have advised civil servants to prepare for life after retirement. The duo spoke at the commencement of two-day training for directors and top civil servants nearing their retirement in Ikeja on Tuesday. Ambode said the participants were being trained in how
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Lagos is stronger for its diversity, says Sanwo-Olu
Wed, 27 Feb 2019
Oluwatosin Omojuyigbe The All Progressives Congress governorship candidate in Lagos State, Mr Babajide Sanwo-Olu, has said the diversity of Lagos is the secret of its strength socially and economically. Sanwo-Olu, who reacted to the disruption of elections in some areas of Lagos State during the Saturday presidential and National Assembly elections and the comments that
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LASG seeks effective procurement
Wed, 27 Feb 2019
Oluwatobi Akindele The Deputy Governor of Lagos State, Dr Idiat Adebule, says there is the need for an effective procurement process to curb excesses of public officials. Adebule spoke on Tuesday at one-day Engagement of Business Community in Procurement Process, organised by the Lagos State Procurement Agency in Ikeja. Speaking on the theme of the
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BMO hails Buhari
Wed, 27 Feb 2019
Kamarudeen Ogundele, Abuja The Buhari Media Organisation has praised President Muhammadu Buharis performance in Saturdays presidential poll. In a statement by its chairman, Niyi Akinsiju, and secretary, Cassidy Madueke, the group said the Presidents achievements counted during the election. BMO noted that millions of Nigerians had benefited immensely from the Buhari administration in the last
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NLC threatens protest in Ogun
Wed, 27 Feb 2019
Tunji Bosun, Abeokuta The Nigeria Labour Congress has threatened to stage protest march against the anti-worker actions of the Ibikunle Amosun government in Abeokuta on Friday. The President of the NLC, Ayuba Wabba, gave the warning in a letter dated February 20 and addressed to Amosun. In the letter seen by our correspondent, Wabba said
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