Today’s New Telegraph Newspaper Headlines Monday 1st April 2019

Today’s New Telegraph Newspaper Headlines

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Textiles/palm oil: Ending era of profligacy
Mon, 01 Apr 2019
In another bold move to consolidate on Federal Governments quest for full scale self-reliance, job creation and economic growth, the Central Bank of Nigeria (CBN) took major steps to revive the dead textile industries and boost palm oil production in the country. The bank shut access to foreign exchange against importers of textile materials. This []The post Textiles/palm oil: Ending era of profligacy appeared first on Newtelegraph.
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Stock market posts N48bn loss in Q1 2019
Mon, 01 Apr 2019
Trading activities on the floor of Nigerian Stock Exchange (NSE) finished the first quarter of 2019 (Q1) on the negative trajectory, recording N48 billion loss to close at N11.672 trillion in market capitalization, as growing political tension enveloped the equity market, due to general election that took place during the quarter. Though the market put []The post Stock market posts N48bn loss in Q1 2019 appeared first on Newtelegraph.
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8 banks garnered N15.4trn deposits in 2018
Mon, 01 Apr 2019
The tough economic environment in the country, last year, may not have negatively impacted Deposit Money Banks’ (DMBs) quest to attract deposits, as eight lenders increased their total customer deposits from N13.6 trillion that they reported in 2017 to N15.4 trillion last year. The eight lenders that have so far released their Full Year 2018 []The post 8 banks garnered N15.4trn deposits in 2018 appeared first on Newtelegraph.
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NCAA warns pilots, airline over hazardous weather
Mon, 01 Apr 2019
Controllers may close airspace The Nigerian Civil Aviation Authority (NCAA) has issued an advisory circular to airlines and pilots, advising them to exercise caution during flight operations in hazardous weather conditions. The warning was contained in an advisory circular (AC) with reference no AC: NCAA-AEROMET ‘ 27 addressed to all pilots and airline operators []The post NCAA warns pilots, airline over hazardous weather appeared first on Newtelegraph.
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Gbajabiamila, Bago declare for Speakership
Mon, 01 Apr 2019
The race for speaker of the House of Representatives is getting more complicated as two lawmakers: the majority leader, Hon. Femi Gbajabiamila and chairman of the Committee on Marine Safety and Education, Hon. Umaru Mohammed Bago, yesterday declared their intention to vie for the office. While Gbajabiamila is a fifth time lawmaker from Lagos (South-West), []The post Gbajabiamila, Bago declare for Speakership appeared first on Newtelegraph.
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Police Commission promotes 8,916 senior officers
Mon, 01 Apr 2019
Frank Mba becomes DCP The Police Service Commission (PSC) yesterday said it had approved the promotion of a total of 8,916 senior officers to their next ranks. Head of Press and Public Relations, Mr. Ikechukwu Ani, who made the disclosure in a statement, said the commissions approval was necessitated by the need to fill []The post Police Commission promotes 8,916 senior officers appeared first on Newtelegraph.
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Reused cooking oil may trigger breast cancer spread
Mon, 01 Apr 2019
Nutritionists have long discouraged the re-use of cooking oil including vegetable oil, soybean oil, and others , raising alert that such practice could be harmful to health. Now, a recent study in mice showed that reheated cooking oil might trigger cell changes that could promote late-stage breast cancer growth. These findings have been reported in []The post Reused cooking oil may trigger breast cancer spread appeared first on Newtelegraph.
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WAEC restates commitment to CSR project
Mon, 01 Apr 2019
The management of the West African Examinations Council (WAEC) has restated the commitment of the examination body to the educational development of schools and communities across the country, under its Corporate Social Responsibility (CRS) initiative. The Head of the Nigeria National Office (HNO) of WAEC, Mr. Olu Adenipekun, disclosed this during the launch of the []The post WAEC restates commitment to CSR project appeared first on Newtelegraph.
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Innoson: GTB’s stance on court judgement incorrect
Mon, 01 Apr 2019
Innoson Nigeria Ltd. has denied the claim by Guaranty Trust Bank (GTB) that the recent court judgement obtained by the motor company was against the Nigerian Customs Service, not the bank. Following reports in some sections of the media last Friday that Innoson Nigeria Ltd. had started enforcing a court judgement it obtained against GTB []The post Innoson: GTB’s stance on court judgement incorrect appeared first on Newtelegraph.
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NDDC reaffirms support for education in Niger Delta
Mon, 01 Apr 2019
Niger Delta Development Commission (NDDC) yesterday restated its commitment to support quality education by executing more development projects in universities and polytechnics in the Niger Delta region. NDDC Acting Executive Director, Finance and Administration, Dr. Chris Amadi, reaffirmed the commission’s resolve during the 32nd convocation ceremony for the 2016/2017 and 2018/2019 academic sessions of the []The post NDDC reaffirms support for education in Niger Delta appeared first on New
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Emmanuel berates fake preachers, urges reliance on God
Mon, 01 Apr 2019
Akwa Ibom State Governor, Udom Emmanuel, has called on Christians in the state to continually reverence God even as he warned the people to be wary of fake preachers, who he said, were not true messengers of God. Governor Emmanuel, who spoke during a convention service at Insight Bible Church, Uyo, said God can overturn []The post Emmanuel berates fake preachers, urges reliance on God appeared first on Newtelegraph.
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PZ Cussons: High operating costs cripple earnings
Mon, 01 Apr 2019
Chris Ugwu writes that the harsh operating environment has continued to weigh down earnings margin of PZ Cussons Nigeria Plc. Tough macroeconomic conditions has continued to take toll on the earnings of PZ Cussons despite several laudable strategies the management had adopted to reduce the impact of the headwinds on earnings. The strategies, []The post PZ Cussons: High operating costs cripple earnings appeared first on Newtelegraph.
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Emonuwa: Intervention funds should be extended to leasing industry
Mon, 01 Apr 2019
Mr. Andrew Emonuwa is the Executive Secretary, Equipment Leasing Association of Nigeria (ELAN). In this interview with Tony Chukwunyem, he sheds light on the critical role the industry plays in Nigeria’s economy and the challenges facing it. Excerpts: The economy is passing through tough times and firms are finding it difficult accessing credit. []The post Emonuwa: Intervention funds should be extended to leasing industry appeared first on Newtelegraph.
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UAC employs GMD/CEO
Mon, 01 Apr 2019
The Board of Directors of UAC of Nigeria PLC (UAC) has announced the appointment of Mr Folasope Babasola Aiyesimoju as the Company’s Group Managing Director/CEO with effect from April 1, 2019. The Board thanked Mrs Omolara Elemide for her hard work and dedication to the Company as Acting GMD/CEO from January 2019. In a press []The post UAC employs GMD/CEO appeared first on Newtelegraph.
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Okoli is ED for Access Bank
Mon, 01 Apr 2019
Access Bank Plc has appointed Chizoma Okoli as its new executive director, business banking division. A statement from the lender said that her appointment had been approved by the Central Bank of Nigeria (CBN), following a public disclosure that was issued to the Nigerian Stock Exchange (NSE). Okoli is a 1989 law graduate from the []The post Okoli is ED for Access Bank appeared first on Newtelegraph.
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Enhanced financial security, benefits for Nigerians
Mon, 01 Apr 2019
The first quarter of the year was remarkable with two products designed by insurance and pension sector managers to improve the lives of Nigerians, Sunday Ojeme reports The major event that played out in the first quarter of this year was the final launch of micro-pension plan by the Federal Government in Abuja, []The post Enhanced financial security, benefits for Nigerians appeared first on Newtelegraph.
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New president for ship owners
Mon, 01 Apr 2019
The Ship Owners Association of Nigeria (SOAN) has elected Dr. McGeorge Onyung as its president for a period of two years. A statement from the body said Onyung is the Chairman, Founder and Co-founder of Jevkon Oil and Gas Limited, Capricorn Maritime Company Limited, Meridian Oil and Gas Limited, St. Eve’s Concept Limited, White Cross []The post New president for ship owners appeared first on Newtelegraph.
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Shipping lines rake in N333.25bn in surcharges from importers yearly
Mon, 01 Apr 2019
Importers are paying N333.25 billion ($913 million) annually as shipping carrier surcharge to shipping lines calling at Nigerian seaports, New Telegraph has learnt. The surcharge is applied when insurance underwriters designate specific zones as war risks and it covers invasion and insurrection where ship hijacking is prevalent. The surcharges were introduced by Maersk Line, []The post Shipping lines rake in N333.25bn in surcharges from importers yearly appeared first on Newtelegraph.
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AfDB approves $20m investment to boost W’Africa’s MSMEs
Mon, 01 Apr 2019
The African Development Bank (AfDB) has approved a $20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm focused on high growth middle market businesses across West Africa. Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge []The post AfDB approves $20m investment to boost W’Africa’s MSMEs appeared first on Newtelegraph.
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Telcos spent N405bn on base stations’ maintenance in 2018
Mon, 01 Apr 2019
4G deployment to cut costs Telecommunications operators in Nigeria spent not less than N405 billion in maintenance of base stations last year, New Telegraph has learnt. The spending significantly covers the cost of diesel to power the 45,000 base stations across the country. According to the President, Association Telecommunications Companies of Nigeria (ATCON), Mr []The post Telcos spent N405bn on base stations’ maintenance in 2018 appeared first on Newtelegraph.
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Power: MDAs, others’ debt hit N5bn monthly
Mon, 01 Apr 2019
The Federal Government has ordered the metering of its ministries, departments and agencies (MDAs) as debts profile of these agencies and barracks of military and police across the country hit N5 billion monthly. New Telegraph gathered that this government’s directive is to be carried out by the newly established Meter Asset Provider (MAP) with []The post Power: MDAs, others’ debt hit N5bn monthly appeared first on Newtelegraph.
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Role of military in elections should be minimal ‘ Kalu
Mon, 01 Apr 2019
Dr. Awa Kalu (SAN), former Attorney-General of Abia State, in this interview with EMMANUEL ONANI, bares his mind on the just-concluded general elections, proliferation of political parties and other contemporary issues of national concerns The Independent National Electoral Commission (INEC) declared elections in some states inconclusive during the last general elections, especially during []The post Role of military in elections should be minimal ‘ Kalu appeared first on Newtelegraph.
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Resurgence of PDP
Mon, 01 Apr 2019
Despite losing the 2019 presidential election, it was a turn-around in the fortune of the Peoples Democratic Party (PDP), which dominated Nigeria’s political landscape between 1999 and 2015, before it was ousted by then opposition All Progressives Congress (APC) given the party’s performance in the governorship polls. FELIX NWANERI reports []The post Resurgence of PDP appeared first on Newtelegraph.
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Samuel Chukwueze: U-23 Eagles can win 2020 Olympics gold
Mon, 01 Apr 2019
Villarreal midfielder, Samuel Chukwueze, has told CHARLES OGUNDIYA that the current U-23 Eagles have the capacity to achieve great things if they are focused and consistent. Excerpts. .. How does it feel qualifying for the next stage of the U-23 African Cup of Nations qualifiers with the 4-2 aggregates win over Libya’ It []The post Samuel Chukwueze: U-23 Eagles can win 2020 Olympics gold appeared first on Newtelegraph.
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Coach reveals frustration over Onuachu
Mon, 01 Apr 2019
Paul Onuachu’s headline grabbing display for Nigeria last week has left him on the spotlight in his club FCMidtjulland with boss Kenneth Andersen expressing anger over the striker’s average performance in last Saturday’s match. The 24-year-old striker scored a remarkable goal for Nigeria after just seven seconds in the friendly against Egypt but drew blank []The post Coach reveals frustration over Onuachu appeared first on Newtelegraph.
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FIFA Gen Sec arrives as Lagos rocks for 2nd AITEO-NFF Awards
Mon, 01 Apr 2019
Secretary General of world football ‘ruling body, FIFA, Ms Fatma Samoura arrived in Nigeria on Saturday, ahead of more than 20 Presidents of FIFA’s Member Associations across the African continent for Monday’s 2nd AITEO-NFF Football Awards taking place at the Eko Hotel & Suites, Victoria Island, Lagos. At lunch on Sunday with the bigwigs of []The post FIFA Gen Sec arrives as Lagos rocks for 2nd AITEO-NFF Awards appeared first on Newtelegraph.
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Zenith Bank /Delta Principals’ Cup: Obule, Boys School tango for trophy
Mon, 01 Apr 2019
After hosting three international football matches within just five days, the Stephen Keshi Stadium in Asaba will today host the final of the Delta State Principals’ Cup football competition. Obule Integrated School, Sapele and Boys Secondary School, Obiaruku are to clash in the final while Ekpan Secondary School and Comprehensive secondary school will fight for []The post Zenith Bank /Delta Principals’ Cup: Obule, Boys School tango for trophy appeared first on Newtelegraph.
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Team Nigeria begins campaigns at WJC, AJCC in Ghana
Mon, 01 Apr 2019
A 12-man Team Nigeria contingent will on Monday April 1, begins campaigns at the ITTF World Junior Circuit and African Junior and Cadet Championship taking place in Accra, Ghana from April 1 to 13. 10 other nations will be competing against Nigeria at the WJC which serves off on Monday April 1 to 5 at []The post Team Nigeria begins campaigns at WJC, AJCC in Ghana appeared first on Newtelegraph.
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Nigeria dominates African Women’s Wrestling Championships
Mon, 01 Apr 2019
Team Nigeria once again reigned supreme in women wrestling at the 2019 African Senior Wrestling Championships in Hammamet, Tunisia, claiming five gold, two silver and two bronze medals in 10 categories. Blessing Oborududu (68kg) recorded her 9th consecutive African title after overcoming Anta Sabou of Senegal 10-0 (via superiority). Such was the dominance of the []The post Nigeria dominates African Women’s Wrestling Championships appeared first on Newtelegraph.
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Conversation with a thug
Mon, 01 Apr 2019
Me: When will you stop this nonsense’ Thug: Which of the nonsenses’ Me: So you agree that you are involved in all kinds of shenanigans’ Thug: The fact that something does not make sense to you does not make it nonsense. What I’m doing makes a lot of sense to me. I’ll suggest you mind []The post Conversation with a thug appeared first on Newtelegraph.
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