Today’s The Nation Newspaper Headlines Monday 1st April 2019

Today’s The Nation Newspaper Headlines

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 Governors push for Lawan in race for Senate President
Mon, 01 Apr 2019
Governors of the All Progressives Congress (APC) have begun the battle to smoothen Senator Ahmad Lawans road to the Senate presidency.Some of them last night met in Abuja on how to push the Lawan Agenda. He is the partys and President Muhammadu Buharis choice for the job.Lawan was at the meeting, which was said to be part of steps to keep APC caucuses united ahead of the inauguration of the 9th National Assembly.Last nights meeting, The Nation learnt, was to:sell Lawans candidature to all senato
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Former Lagos City Council Clerk Fashinro dies at 99
Mon, 01 Apr 2019
SECOND Republic Senator Hassan Adisa Fashinro is dead. He passed on at exactly 8.29pm yesterday after a brief illness. He was 99.Lagos State Governor Akinwunmi Ambode was saddened by the death of one of the founding fathers of the state.Popularly called HAB, Pa Fashinro was the first Clerk of the Lagos City Council. He would have clocked 100 years by September.In a statement signed by his Chief Press Secretary, Governor, Mr. Habib Aruna, the governor describe Pa Fashinro as one of the great foun
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Lagos retains Fitchs B+ rating despite Visionscape payments default
Mon, 01 Apr 2019
GLOBAL credit rating agency Fitch Ratings has affirmed the positive economic ratings of Lagos State despite the missed contracted services payment by Visionscape Sanitation Solutions.The waste management agreement between the state and the waste managers did not work.In a statement,the global credit rating agencysaid the states B+/(AA+(ngn)/ ratings remained stable and unaffected by the default of the SPV Municipality Waste Management Contractors Limited (MWMCL) led by Visionscape, occasioned by
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Rivers APC kicks as INEC resumes collation of March 9 elections results
Mon, 01 Apr 2019
The Rivers State chapter of the All Progressives Congress (APC) has kicked against alleged plan by officials of the Independent National Electoral Commission (INEC) to favour Governor Nyesom Wike of the Peoples Democratic Party (PDP).Collation of results of the March 9 governorship and House of Assembly elections are resuming tomorrow in the Southsouth state.Ahead of the resumption, the partys Publicity Secretary Chris Finebone, yesterday in Port Harcourt, accused Wike of desperation to be re-el
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Southwest wont play second fiddle again, say Ooni, Fayemis aide
Mon, 01 Apr 2019
OONI of Ife Oba Adeyeye Enitan Ogunwusi and Chief of Staff to Ekiti State Governor Mr. Biodun Omoleye have said the Southwest region will not play a second fiddle again in the countrys politics.They said in view of the unquantifiable contribution of the region in the countrys growth, it has no reason to allow itself to be schemed out of the countrys political configuration.The Ooni and Omoyele added that the zone stands the chance of regaining its frontline position, if it embraces unity and val
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Panic in Ogun community as farmer kills two
Mon, 01 Apr 2019
THE residents of agrarian community of Iwoye-Yewa in Yewa South Local Government Area of Ogun State are now living in panic.It followed threats by a farmer to kill eight more people after he had shot dead two members of the community last Wednesday.The grieving community claimed that the farmer identified as Oladosu Nureni allegedly shot the victims Ajayi Onifade, who until his killing, was the Amuludun of Iwoyeland and Olatunji Ayinla, at different locations.The Nation learnt that Nureni, whos
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Air Force probes flogging of bandits by personnel
Mon, 01 Apr 2019
The Nigerian Air Force(NAF) has launched an investigation into a video currently in circulation where its personnel were seen flogging bandits in Zamfara State.The NAF not only condemned the behaviour of the military personnel, but confirmed that some of its personnel were part of the joint operations going on in Zamfara State to flush out bandits.A statement by the spokesman of the Air Force, Air Commodore Ibikunle Daramola, said a Board of Inquiry had been instituted on the matter, promising t
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Gbajabiamila: Why I want to be speaker
Mon, 01 Apr 2019
HOUSE of Representatives Leader Femi Gbajabiamila yesterday announced his plan to run for Speaker.The lawmaker, representing Surulere I Federal Constituency, Lagos State, said in Abuja that he was joining the race as a beacon of hope.The fifth-term House member, who is of the ruling All Progressives Congress (APC), also ran for the position in 2015. He lost to incumbent Yakubu Dogara.With its overwhelming majority in the Green Chamber, the APC is expected to produce the speaker.According to the
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African leaders throng Glo stand at Kigali forum
Mon, 01 Apr 2019
GLOBACOMS stand at the just-concluded Africa Chief Executive Officers (CEO) Forum in Kigali, Rwanda, was the cynosure of all eyes as scores of chief executives of multinational companies visited to seek the operators connectivity solutions to drive their businesses.Conference host, Rwandan President, Paul Kagame, had kicked off the enquiries at a meeting with Globacom Executive Vice Chairman, Mrs. Bella Disu. Their deliberation centred on areas of bilateral collaboration between Rwanda and Globa
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Majority party, majority power
Mon, 01 Apr 2019
Majority power is more powerful than minority power. This logic of power is expected to prevail in the Ninth National Assembly. With 65 senators-elect, the All Progressives Congress (APC) will clearly be the majority party in the next Senate. The Peoples Democratic Party (PDP) has 42 and the Young Progressive Party (YPP) has one. The APC will also be the majority party in the next House of Representatives with 223 seats. The PDP has 190 and other parties have 10.So there should be no confusion a
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APC kicks as INEC resumes collation of Rivers gov poll
Mon, 01 Apr 2019
The All Progressives Congress (APC) has kicked against plans by top officials of the Independent National Electoral Commission (INEC) to favour Governor Nyesom Wike of the Peoples Democratic Party (PDP) during tomorrows resumption of collation of results of March 9 governorship and House of Assembly elections.Its Rivers Publicity Secretary, Chris Finebone, also accused Wike of desperation to be re-elected.The party said: We condemn in strong terms, the so-called timeline and activities to conclu
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Fidelity Bank to pay N3.2b dividend to shareholders
Mon, 01 Apr 2019
Fidelity Bank Plc is proposing a N3.2 billion dividend payout to shareholders. The payout followed the banks strong financial result for the year-ended December 31, 2018.The bank posted a 4.8 per cent growth in Gross Earnings from N180.2 billion to N188.9 billion while Profit Before Tax soared by 30.6 per cent to N25.1 billion, when compared with the N19.2 billion it recorded in 2017.Profit After Tax grew by 29 per cent from N17.7 billion in 2017 to N22.9 billion in 2018, while Operating Income
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Investors lose N49b on equities in Q1
Mon, 01 Apr 2019
Nigerian equities closed the first quarter with net capital depreciation of N49 billion, a sharp reversal from the bullish trading that saw equities with net capital gain of N1.38 trillion in first quarter of 2018.All major indices at the Nigerian equities market closed weekend negative, despite the onset of earnings season that had seen most active companies declaring steady earnings and dividends.Nigerias sovereign equities index-the All Share Index (ASI) of the Nigerian Stock Exchange (NSE),
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Insurance crucial to economic development, say experts
Mon, 01 Apr 2019
Governments at all levels, corporate entities and individuals need to embrace insurance for economic development, National Insurance Commission (NAICOM) Director, Rasaaq Salami, has said.He spoke during the launch of AXA Mansard Insurance Television Commercial (TVC) for Life Insurance products at the weekend in Lagos.The event titled: Role of insurance in economic development was attended by some experts.Stressing the important role of insurance in economic development, he cited recent incidents
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Accenture hikes forecast as digital investments pay off
Mon, 01 Apr 2019
Accenture Plc beat estimates for quarterly earnings and raised its full-year profit forecast as it continues to benefit from investments in digital and cloud services, sending its shares four percent higher.Much of Accentures recent growth has been driven by digital and cloud services, which include everything from managing clients social media marketing strategies to helping them migrate to the cloud. The services made up more than 60 percent of its total revenue in the second quarter.Wedbush a
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Bill to let banks work with cannabis firms advances in U.S. House
Mon, 01 Apr 2019
A UNITED States congressional panel has advanced legislation that would allow banks to provide services to cannabis companies in states where it is legal.The bill would provide sought-after clarity to banks across the country that want to do business with the growing industry, where companies have struggled to gain access to the financial system.The measure, which was broadly backed by a mixture of Democrats and Republicans, now proceeds to the full House, where it is expected to be passed by th
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Deepening savings through financial literacy
Mon, 01 Apr 2019
The week-long yearly global focus on financial literacy, earnings and savings emphasises the importance and linkages between income growth and savings and national development. In this report, Capital Market Editor, Taofik Salako, examines the relevance of this years global theme and Nigerias efforts at achieving broader and higher savings.Last weeks Global Money Week and Financial Literacy Day refocused the global financial industry and economies to the linkages and missing links in national fi
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TUC: N30, 000 minimum wage eroded by inflation
Mon, 01 Apr 2019
Inflation has seriously affected the purchasing power of the N30, 000 National Minimum Wage recently approved by the Senate, the Trade Union Congress of Nigeria (TUC) has said.Speaking with The Nation, TUC President Comrade Bobboi Kaigama said though the organised labour appreciates the approval of the new wage, the prices of commodities have gone up even when employers have yet to commence payment of the new wage.He said: The N30, 000 monthly national minimum wage that we are even asking for, t
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Boeing sued over Ethiopian Airlines crash
Mon, 01 Apr 2019
Boeing Corporation has been sued on behalf of a passenger killed in last months 737 Max plane crash in Ethiopia and orders for the troubled aircraft wavered in Asia, deepening the planemakers legal and financial woes.Chicago-based Boeing is under intense scrutiny after two crashes since October killed 346 people.As the company finalises a software upgrade for the grounded 737 Max, its fighting to hang onto some customers whose confidence in the best-selling jet has been shaken. Boeing is also fa
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VAT increase will raise misery index, says MAN
Mon, 01 Apr 2019
The Manufacturers Association of Nigeria (MAN) has said any increase in the Value Added Tax (VAT) will be inappropriate.Its Director-General Mr. Segun Ajayi-Kadir told The Nation at the weekend that increasing VAT could send a wrong signal that the government was not sensitive to the plight of low and middle-income earners. An upward review of VAT is akin to the government taking back what was given, especially now that the N30, 000 minimum wage has been agreed on, he said.The government has den
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Pan African Re Awards winners honoured
Mon, 01 Apr 2019
Continental Reinsurance Plc has announced winners of the Pan African Re/Insurance Journalism Awards at its sixth CEO Summit in Mauritius.Patrick Alushula, a Kenyan Business journalist from Nation Media Group bagged the Overall Award Pan African Journalist of the Year.His article titled: Despite low uptake, funeral cover cant be buried away, also emerged the Best Re/Insurance Print Article (English). In his article, Patrick explored how insurance cover can support bereaved families by helping th
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