Today’s New Telegraph Newspaper Headlines Wednesday 3rd April 2019

Today’s New Telegraph Newspaper Headlines

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Urgent need to revitalise Nigerian paper mills
Wed, 03 Apr 2019
The prostrate state of Nigerian paper mill companies is no doubt, costing the country fortunes, owing to failure of the buyers of the privatised entities to resuscitate the now ‘dead’ companies. The companies are the Nigeria Paper Mill in Jebba, Kwara State; the Nigeria Newsprint Manufacturing Company in Oku-Iboku, Akwa Ibom State and the National []The post Urgent need to revitalise Nigerian paper mills 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

Kaduna killings: Agonies of emergency IDPs
Wed, 03 Apr 2019
From various records available since the latest round of attacks and reprisal attacks began in Kajuru Local Government Area of Kaduna State early this year, not less than 10, 000 persons mainly women and children have been displaced from their communities. Among this figure are over 2,000 children many of them orphaned by []The post Kaduna killings: Agonies of emergency IDPs appeared first on Newtelegraph.
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Three killed, houses burnt in Jukun, Tiv clash
Wed, 03 Apr 2019
90-year-old woman burnt At least three Tiv people were killed as the Jukun militia at Kente in Wukari Local Government Area of Taraba State launched attack on Atsenga village in Ukum Local Government Area of Benue State. In the attack, which started on Monday evening and ended yesterday morning, the invaders burnt several []The post Three killed, houses burnt in Jukun, Tiv clash appeared first on Newtelegraph.
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ExxonMobil places $3bn Nigeria’s assets for sale
Wed, 03 Apr 2019
Shells taxes, royalty to NNPC, DPR, FIRS, NDDC hit $6.397bn United States oil super major, Exxon Mobil, has heightened its planned pull-out from Nigeria as it considers its oil and gas assets worth $3 billion for sale. The company, which is Nigerias second biggest international oil company in terms of production volume and assets, []The post ExxonMobil places $3bn Nigeria’s assets for sale appeared first on Newtelegraph.
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10 govs-elect to battle huge pension liabilities
Wed, 03 Apr 2019
Following the failure of governors to fully implement the Contributory Pension Scheme (CPS) and as well remit workers’ pension contributions to Pension Fund Administrators (PFAs), at least 10 newly elected governors would have to battle huge pension liabilities when they assume office on May 29. Although majority of the states appear to be showing []The post 10 govs-elect to battle huge pension liabilities appeared first on Newtelegraph.
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Fraud: FIRS targets N750bn tax from erring firms
Wed, 03 Apr 2019
The Federal Inland Revenue Service (FIRS) has unveiled plans to generate N750 billion from defaulting accounting firms and others with N1 billion turnover and above. Executive Chairman of FIRS, Mr. Babatunde Fowler, disclosed this yesterday at a budget defence session of key revenue generating agencies organized by the House of Representatives’ Committee on Finance. He []The post Fraud: FIRS targets N750bn tax from erring firms appeared first on Newtelegraph.
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Why we closed down Nsukka medical college, by ICPC
Wed, 03 Apr 2019
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced closure of a medical and nursing college in Nsukka, Enugu State, which it considered as ‘fake.’ The Commission’s spokesperson, Mrs. Rasheedat Okoduwa, made the disclosure in a statement yesterday. She said: ‘A fake medical and nursing college called the International College of Professions, []The post Why we closed down Nsukka medical college, by ICPC appeared first on Newtelegraph.
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Delta: Internal wrangling, others stall APC elections’ petitions
Wed, 03 Apr 2019
have emerged in Asaba, Delta State capital, that the internal wrangling rocking the state chapter of the All Progressives Congress (APC) prevented those who lost in the just-concluded general elections to file their petitions at the state’s Election Petition Tribunal. A chieftain of the party told New Telegraph in Asaba yesterday that for fear []The post Delta: Internal wrangling, others stall APC elections’ petitions appeared first on Newtelegraph.
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Why Gbajabiamila should be the 9th speaker, by Sumaila
Wed, 03 Apr 2019
Former House of Representatives Deputy Minority Leader and an elected member of the House of Representatives, Hon. AbduRahman Kawu Sumaila, yesterday said that the choice of Femi Gbajabiamila as the Speaker of the 9th House of Representatives was done because of his experience and selfless services to Nigeria. Sumaila, who was himself eyeing the []The post Why Gbajabiamila should be the 9th speaker, by Sumaila appeared first on Newtelegraph.
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Ndume dares Oshiomhole, APC on Senate presidency
Wed, 03 Apr 2019
There are indications that one of the contenders to the Senate Presidency, Senator Mohammed Ali Ndume (APC, Borno South), has defied the zoning arrangement of the ruling All Progressives Congress (APC) to contest the number one office in the National Assembly. The APC leadership had zoned the Senate Presidency to the North East, and []The post Ndume dares Oshiomhole, APC on Senate presidency appeared first on Newtelegraph.
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JAMB: Ebonyi candidates decry N500 slip reprinting fee
Wed, 03 Apr 2019
Candidates preparing for this year’s Joint Admission and Matriculation Board (JAMB) in Ebonyi state, yesterday lamented payment N500 being charged by the Board for reprinting of examination slips. The candidates said they were asked to pay N600 but it was later brought down to N500 being forced to pay for the reprinting of their examination []The post JAMB: Ebonyi candidates decry N500 slip reprinting fee appeared first on Newtelegraph.
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Senate Presidency: Nigerians in China urge Buhari, APC to grant South-East’s request
Wed, 03 Apr 2019
Nigerians in China have called on President Muhammadu Buhari and the leadership of the All Progressives Congress (APC) to resist temptation of denying any geopolitical zone their right of being among the six principal officers in the incoming 9th national assembly to avoid anarchy and division in the country. The Nigerian Diaspora said the ongoing []The post Senate Presidency: Nigerians in China urge Buhari, APC to grant South-East’s request appeared first on Newtelegraph.
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LASPOTECH condemns attack on JAMB officials
Wed, 03 Apr 2019
The management of the Lagos State Polytechnic (LASPOTECH), Ikorodu yesterday condemned an incident in which two officials of the Joint Admissions and Matriculation Board (JAMB) were molested while on official assignment on the campus. According to the polytechnic in a statement signed by Deputy Registrar (Information & Public Relations), Mr. Olanrewaju K. Kuye, and []The post LASPOTECH condemns attack on JAMB officials appeared first on Newtelegraph.
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IFRS 9 implementation triggers decline in banks’ impairment charges
Wed, 03 Apr 2019
POSITIVE Implementation of the standards will strengthen banks’ balance sheet There are indications that the general downward trend in credit impairment charges noticeable in the full year 2018 results so far released by deposit money banks (DMBs) in the country may have been largely due to the implementation of International Financial Reporting Standards (IFRS) []The post IFRS 9 implementation triggers decline in banks’ impairment charges appeared first on Newtelegraph.
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Poll jitters eroded investors’ confidence
Wed, 03 Apr 2019
Investors traded cautiously in the first quarter of 2019 amidst the growing political and security tension ahead of the general polls, writes Chris Ugwu Despite series of strategies including tighter regulatory frameworks and reforms in Nigeria’s capital market, just like in every other election year, first quarter 2019 was not the best of times []The post Poll jitters eroded investors’ confidence appeared first on Newtelegraph.
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High charges, delays retard maritime growth
Wed, 03 Apr 2019
Delay in clearance of cargoes, high charges, gridlock and other challenges witnessed at the port in 2018 resurfaced in the first quarter of this year. BAYO AKOMOLAFE reports In the last three months, the nation’s maritime industry has been plagued with operational inefficiencies, unnecessary delay in cargo delivery, inefficient port infrastructure, smuggling and sharp []The post High charges, delays retard maritime growth appeared first on Newtelegraph.
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Economic indicators remain positive despite polls
Wed, 03 Apr 2019
Contrary to speculation that it would be negatively impacted by the elections, the Nigerian economy seems to have performed relatively well in the first quarter, going by official statistics. Tony Chukwunyem writes In his address at the: ‘BusinessDay Post Election Economic Agenda Conference,’ held in Lagos recently, Governor of the Central Bank of []The post Economic indicators remain positive despite polls appeared first on Newtelegraph.
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FCMB eyes debt sale to boost capital
Wed, 03 Apr 2019
FCMB Plc said on Tuesday that it planned to raise tier II debt and retain profits this year to boost its balance sheet after the adoption of stricter accounting standards impacted its capital ratios. According to Reuters, the banking group said the capital adequacy ratio for the mid-tier lender stood at 15.9 per cent in []The post FCMB eyes debt sale to boost capital appeared first on Newtelegraph.
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Banking sector gains N37bn in Q1 2019
Wed, 03 Apr 2019
Bullish Investors defied political risks and were taking positions on banks due to good fundamentals and to benefit from expected dividend Despite the political tension that had pervaded the investment landscape, the banking stocks remained resilience as investors gained N37 billion in the sector. Checks by New Telegraph revealed that the stocks recorded []The post Banking sector gains N37bn in Q1 2019 appeared first on Newtelegraph.
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Wema Bank reports 47% rise in PAT
Wed, 03 Apr 2019
Wema Bank Plc. has recorded 47.48 per cent increase in profit after tax for the financial year ended December 31, 2018. The bank’s audited financial statement showed a profit after tax of N3.33 billion in 2018 as against N2.26 billion reported in 2017, representing a growth of 47.48 per cent. The group recorded a gross []The post Wema Bank reports 47% rise in PAT appeared first on Newtelegraph.
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Oando posts N29bn PAT
Wed, 03 Apr 2019
Oando Plc has posted a N28.8 billion profit-after-tax (PAT); a 46 per cent increase from the N19.8 billion recorded at full year end 2017. A review of Oando’s results showed that turnover increased by 37 per cent to N679.5 billion compared to N497.4 billion in 2017, driven primarily by higher oil prices resulting in higher []The post Oando posts N29bn PAT appeared first on Newtelegraph.
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IMF: Global growth outlook ‘precarious
Wed, 03 Apr 2019
International Monetary Fund (IMF) Managing Director, Christine Lagarde, yesterday said that global growth has lost momentum since the start of the year, leaving the world economy in a ‘precarious’ position. According to her, although the global economy has weakened since the IMF last updated its forecast in late January a recession isn’t likely in the []The post IMF: Global growth outlook ‘precarious’ appeared first on Newtelegraph.
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Stock market shelves N114bn on selloff
Wed, 03 Apr 2019
Trading activities on the floor of Nigerian Stock Exchange (NSE) extended decline for the second trading session in April with a record of N114 billion loss as market speculators continued to off load shares following post election tension. Consequently, the All-Share Index dropped by 300.73 basis points or 0.99 per cent to close at []The post Stock market shelves N114bn on selloff appeared first on Newtelegraph.
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Reps: N’Central’s quest and agitation for religious balance
Wed, 03 Apr 2019
The agitation by lawmakers and other stakeholders from the North Central geopolitical zone for the position of speaker of the House of Representatives has ignited a religious question. PHILIP NYAM examines the depth of the agitation Barely two months to the proclamation of the 9th National Assembly, the frenzy, hysteria and crave for leadership []The post Reps: N’Centrals quest and agitation for religious balance appeared first on Newtelegraph.
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Verdict is triumph for democracy, says PDP
Wed, 03 Apr 2019
The Peoples Democratic Party (PDP) has described the Federal High Court decision on the collation of Rivers State governorship election as a triumph for democracy. The party in a statement yesterday by its National Publicity Secretary, Kola Ologbondiyan, said the ruling has rekindled the hope of Nigerians on the capacity of the judiciary to []The post Verdict is triumph for democracy, says PDP appeared first on Newtelegraph.
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Rivers guber: Wike set for victory
Wed, 03 Apr 2019
defeats Amaechis AAC in 13 of 15 LGs Rivers State governor, Barr. Nyesom Wike, seems to be coasting to victory in the state’s governorship election as he has so far defeated the governorship candidate of the African Action Congress (AAC), Engr. Biomakpabo Awara, in 13 out of the 15 local government areas that had []The post Rivers guber: Wike set for victory appeared first on Newtelegraph.
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The jostle for Lagos speakership
Wed, 03 Apr 2019
Although the incumbent speaker of the Lagos State House of Assembly, Hon. Mudashiru Obasa, still holds the ace to return as leader of the 40-man state legislature, there are, however, subtle moves to upset the apple cart in the legislative chamber, WALE ELEGBEDE reports For the initiates, politics in Lagos State has a pattern []The post The jostle for Lagos speakership appeared first on Newtelegraph.
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Rivers: Court throws out AAC’s suit for fresh guber poll
Wed, 03 Apr 2019
The Federal High Court sitting in Abuja, yesterday, dismissed the suit filed by the African Action Congress (AAC), seeking for fresh governorship and House of Assembly elections in Rivers State. The trial judge, Justice Inyang Ekwo, dismissed the suit on the ground that it is a pre-election matter and as such the court lacks the []The post Rivers: Court throws out AACs suit for fresh guber poll appeared first on Newtelegraph.
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Gross misconduct: Kogi Assembly recommends Chief Judge’s sack
Wed, 03 Apr 2019
.as judiciary advises him against such illegal act Despite outcry against Kogi State Governor, Yahaya Bello’s planned removal of the state chief judge; the state House of Assembly yesterday empowered him through its recommendation to sack the Chief Judge, Justice Nasir Ajanah, for an alleged gross misconduct. Following the adoption of the report []The post Gross misconduct: Kogi Assembly recommends Chief Judges sack appeared first on Newtelegraph.
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Pro AAC, APC groups protest against wike
Wed, 03 Apr 2019
Some groups opposed to the reelection bid of Governor Nyesom Wike of Rivers State, yesterday, protested along Aba Road Port Harcourt, the state capital, calling on the Independent National Electoral Commission (INEC) to organise a fresh governorship election in the state instead of concluding the states electoral process. The groups, which claimed to be []The post Pro AAC, APC groups protest against wike appeared first on Newtelegraph.
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Onyekuru targets EPL action with Everton
Wed, 03 Apr 2019
Super Eagles striker, Henry Onyekuru, has said that he is seriously thinking about making waves with Everton in the coming days but admits he will have to work hard for it. Onyekuru who is currently plying his trade with Turkish side Galatasaray stated this in a live sports programme on a Lagos-based radio on []The post Onyekuru targets EPL action with Everton appeared first on Newtelegraph.
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Zenith Bank / Delta Principals Cup: Ikpeba applauds sponsors, state govt
Wed, 03 Apr 2019
Former Super Eagles star, Victor Ikpeba, has applauded Zenith Bank Plc, the sponsor of the Zenith Bank Delta Principals Cup and the Delta State government for the successful hosting of the third edition of the rebranded schools competition which ended on Monday with Obule Integrated Schools emerging champions. Ikpeba who has been part of the []The post Zenith Bank / Delta Principals Cup: Ikpeba applauds sponsors, state govt appeared first on Newtelegraph.
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Peters hails Eagles’ Class of 94 at Aiteo ‘ NFF Awards
Wed, 03 Apr 2019
Musa, Ebi shine at Awards The founder of Aiteo Group, Benedict Peters, through his company, joined hands with the Nigerian Football Federation to celebrate the legacy of Super Eagles team of 1994 during the second edition of the Aiteo-NFF Awards on Monday April 1, 2019 at the Eko Hotels and Suites, Lagos. The event []The post Peters hails Eagles Class of 94 at Aiteo ‘ NFF Awards appeared first on Newtelegraph.
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AFCON finals: Ezenwa, Akpeyi, Uzoho need confidence ‘ Shorunmu
Wed, 03 Apr 2019
Former Super Eagles goalkeeper, Ike Shorunmu, has said that the goalkeeping trio of Francis Uzoho, Ikechukwu Ezenwa, and Daniel Akpeyi all need their confidence boosted ahead of the African Cup of Nations finals in Egypt. Uzoho came under attack from soccer lovers in the country after his costly howler gifted Seychelles their only goal in []The post AFCON finals: Ezenwa, Akpeyi, Uzoho need confidence ‘ Shorunmu appeared first on Newtelegraph.
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Ndidi plays like Gerrard
Wed, 03 Apr 2019
Leicester City manager Brendan Rodgers has likened the role of Wilfred Ndidi to Steven Gerrards while at Liverpool. On Saturday, against Bournemouth, the 22-year-old made 11 tackles to now rank as the best tackler in the English Premier League with 120 tackles to help the Foxes secure a 2-0 victory at the King []The post ‘Ndidi plays like Gerrard’ appeared first on Newtelegraph.
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Easter cracker as Ibadan hosts GOtv Boxing Night 18
Wed, 03 Apr 2019
The 18th edition of GOtv Boxing Night (GOtv Boxing Night 18) will take place at the Indoor Sports Hall of the Obafemi Awolowo (formerly Liberty) Stadium, Ibadan on Sunday, 21 April. This was announced by the event organisers, FlyKite Promotions, at a press conference in Lagos on Tuesday. This is the third time the event []The post Easter cracker as Ibadan hosts GOtv Boxing Night 18 appeared first on Newtelegraph.
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Emenalo linked with Man United’s Technical Director job
Wed, 03 Apr 2019
Former Super Eagles defender, Michael Emenalo, is close to getting an appointment as the first Technical Director at Manchester United, and work alongside The Red Devils’ recently confirmed manager, Ole Gunnar Solskjaer. Emenalo has served in the same post with Chelsea and AS Monaco of France but, while his former boss at The Blues, Jose []The post Emenalo linked with Man Uniteds Technical Director job appeared first on Newtelegraph.
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2019 AFCON: Oliseh tips Eagles for glory
Wed, 03 Apr 2019
Immediate-past Super Eagles coach, Sunday Oliseh, is backing Nigeria to make a strong return to the African Cup of Nations charging Gernot Rohr’s side to go for nothing but the title. Oliseh told journalists during the Nigeria Football Federation Awards on Monday night in Lagos that the Eagles had what it takes to clinch []The post 2019 AFCON: Oliseh tips Eagles for glory appeared first on Newtelegraph.
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Eagles to host Zimbabwe ahead AFCON
Wed, 03 Apr 2019
The Super Eagles may host the Warriors of Zimbabwe in an international friendly game as part of the preparation for the 2019 African Cup of Nations. A Zimbabwean newspaper NewsDaySport reported that Zimbabwe Football Association President Felton Kamambo was in Lagos to finalise the negotiation with his Nigeria Football Federation counterpart Amaju Pinnick during []The post Eagles to host Zimbabwe ahead AFCON appeared first on Newtelegraph.
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Opara wants permanent home for Eagles
Wed, 03 Apr 2019
Ex Nigerian international, Godwin Opara, says he is strongly against the Super Eagles playing home games in different Nigerian cities. The Eagles have been playing crucial games in Uyo , Kaduna and Asaba, but Opara believes such is affecting the progress of the youthful team coached by Gernot Rohr. The former defunct ACB FC of []The post Opara wants permanent home for Eagles appeared first on Newtelegraph.
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Who leads 9th National Assembly
Wed, 03 Apr 2019
The composition of the leadership of the 9th National Assembly is heating up the polity already. The All Progressives Congress (APC), which has majority of the elected members in both chambers, is struggling to be on top of the situation. The Peoples Democratic Party (PDP), which comes second but currently has the leadership in []The post Who leads 9th National Assembly’ appeared first on Newtelegraph.
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The Great Citadel
Wed, 03 Apr 2019
Title: The Great Citadel Author: Anslem Osasuyi Publishers: Laoadof Genre: Novel Pages: 2019 ISBN: 978-978-965-316-4 Published: 2018 Reviewer: Olalekan Joseph Ajayi ‘The Great Citadel’ is set in the University of Benin during an unnamed military era, which was overthrown at the end of the novel. Though it falls into the category of fiction, the []The post The Great Citadel appeared first on Newtelegraph.
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I never thought I’d live up to 50 years ‘ Octogenarian artist
Wed, 03 Apr 2019
Pa Timothy Adebanjo Fasuyi is one of the founding fathers of contemporary art in Nigeria. An art teacher, artist, and educationist, he was one of the pioneer students of Nigeria College of Arts and Science, now Ahmadu Bello University (ABU), Zaria, and a former Federal Art Adviser. He established the first cultural centre, TAFAS []The post I never thought I’d live up to 50 years ‘ Octogenarian artist appeared first on Newtelegraph.
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HERE AND THERE: Sor Sen’s solo art exhibition opens in Abuja
Wed, 03 Apr 2019
The idea of self in solitude as an inward journey, against a beckoning dissonant beauty of the outside, is the inspiration behind Sor Sen’s latest body of work- Agwu Enekwachi writes One of Nigeria’s young contemporary artists, Sor Sen, will present his recent paintings to viewers in Abuja, at an exhibition titled ‘Here and []The post HERE AND THERE: Sor Sen’s solo art exhibition opens in Abuja appeared first on Newtelegraph.
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Childe Internationale returns on stage
Wed, 03 Apr 2019
Childe Internationale, a play written by Wole Soyinka returns on stage in a performance that will thrill the growing live theatre enthusiast in Lagos. Directed by Opeyemi Dada and produced by Julius Obende, the play features a cast list that includes Silvia Enimien, Joy Akrah, Oladapo Gbadamosi, Edgar Eriakha and Julius Obende. Childe Internationale is []The post Childe Internationale returns on stage appeared first on Newtelegraph.
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Ade Olufeko speaks at Yale University, collaborates with Bahia Shehab, others in new collective
Wed, 03 Apr 2019
The Visual Collaborative Polaris or North Star is an experimental collective led by multidisciplinary designer and award-winning technologist; Ade Olufeko. The collective as a periodical is a curated batch of interviews with over 169 minutes of non-linear content featuring 26 selected practitioners from three continents. The interviews can be read on visualcollaborative.com/the_polaris_collective The Polaris catalogue []The post Ade Olufeko speaks at Yale University, collaborates with Bahia Sheh
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