Today’s The Nation Newspaper Headlines Wednesday 3rd April 2019

Today’s The Nation Newspaper Headlines

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ExxonMobil targets $3b from sale of Nigeria oil, gas fields
Wed, 03 Apr 2019
Oil major, Exxon Mobil, is planning to sell a suite of oil and gas fields in Nigeria as it focuses on new developments in the United States (U.S.) shale and Guyana, industry and banking sources said yesterday.The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion, two sources told Reuters.Exxon is actively divesting in Nigeria, one source who was briefed on the divestment plans said. Exxon declined to comment.The Irving, Texas-based
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

The dog, the dog-walker, and the waist-bead
Wed, 03 Apr 2019
The freedom of the bead is oft impeded by the voluptuous hip. Thus is the paradox of the threaded bead, ageless bejeweller of the luscious waist.Beads on their own may seem attractive, astonishing perhaps, but when they are threaded together on a string, they lose the freedom to skitter around as they please.Think of the youth as the bead, the voluptuous hip as the government, a political party, big business or non-profit. The bead undoubtedly kowtows to the tyranny of luscious hips.A cursory lo
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The shame of the police
Wed, 03 Apr 2019
In the early morning of Wednesday, March 20, a senior officer of the National Security and Civil Defence Corps, NSCDC, was allegedly beaten to death by police officers in Nyanya, Abuja. His offence was that he made an illegal u-turn in his haste to drop his children at school. The pleadings for mercy by his wife could not dissuade the callous police officers from snuffing out life from the offending NSCDC officer. One would think the early morning rush on a weekday is a time to let go of petty t
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CutNASS salaries;no VAT hike
Wed, 03 Apr 2019
What do Senator Ahmed Lawan and Hon. Femi Gbajabiamila, who seek to lead the senate and House of Representatives think about the insultingly high and mostly secret salaries and perks and constituency projects’ Will they seek the slashing of same and bring salaries into the salary scale of the federal government e.g. Level 18,19,1 up to 25′ This unbridled and nearly blank paycheck is the main embarrassment of our politics in the international community and a serious insult inflicted on
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Slashing the MPR rate
Wed, 03 Apr 2019
The March 26 decision by the monetary authorities, to slash the Monetary Policy Rate (MPR), from 14 per cent to 13.5 per cent, though long overdue, could not have come at a better time, considering the steady progress recorded since the economy exited the recession in the second quarter of 2017.The Monetary Policy Committee (MPC) had, vide its communique, stated thatthe committee was convinced that doing this will further uphold the banks commitment to promoting strong growth by way of encouragi
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Court: Adeleke unfit to run for Osun governor
Wed, 03 Apr 2019
A High Court of the Federal Capital Territory (FCT) in Bwari, Abuja yesterday voided the participation of Senator Ademola Adeleke of the Peoples Democratic Party (PDP) in the last governorship election in Osun State.Justice Othman Musa, in a judgment, annulled Adelekes nomination as candidate of the PDP on the grounds that he offended Section 177 of the 1999 Constitution as amended.The section states that candidates for governor must be educated up to secondary school level.Justice Musa said whi
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Police name men who killed soccer fan
Wed, 03 Apr 2019
The Police yesterday named the officers who allegedly killed a football fan, Kolade Johnson, on Sunday night, at Onipetesi near Ikeja, Lagos.They are Inspector Ogunyemi Olalekan and Sergeant Godwin Orji.A statement by Lagos State Command spokesman Bala Elkana, a Deputy Superintendent of Police (DSP), said the officers, who are of the Anti-cultism Unit, are now in detention.The statement said Police Commissioner Zubairu Muazu led some of his men to visit the bereaved family yesterday.On Muazus en
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Shell pays Fed Govt, agencies $6.397b
Wed, 03 Apr 2019
Over $6.397 billion was paid to the Federal Government and its agencies in 2018 by Shell exploration and production companies in Nigeria, The Nation has learnt.In the group are Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo).The payment represents a 48 per cent increase overpayments ($4.322 billion) by the companies.The facts formed part of the four documents released yesterday by the Group Chief Executive Office
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Adelabu, APC challenge Makindes victory
Wed, 03 Apr 2019
OYO State All Progressives Congress (APC) governorship candidate Mr. Adebayo Adelabu has approached the Election Petitions Tribunal to challenge the victory of Peoples Democratic Party (PDP) candidate Mr. Seyi Makinde.Adelabu is praying the tribunal to overturn Makindes victory.He filed the suit alongside his party, whose state chairman, Chief Akin Oke, had after the result of the election, said the APC was considering approaching the election tribunal to upturn Makindes triumph.Makinde was on M
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N1trn projects: ICPC to probe Senators, Reps
Wed, 03 Apr 2019
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) yesterday said senators and members of the House of Representatives who failed to execute constituency projects will be prosecuted.Also, all companies engaged for the failed or abandoned projects will face trial.But the commission, however, opposed to plea bargain by corrupt elements because the nations laws allow it.Over N1trillion has been released by the Federal Government for constituency projects since 1999. The
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Osinbajo: what to expect from Buharis second term
Wed, 03 Apr 2019
Vice President Yemi Osinbajo gave the 50th convocation lecture at the University of Lagos (UNILAG) on Monday. The lecture titled Nigeria RisingThe Path to Prosperity, Osinbajo itemises what has been done to reposition the country and what needs to be done. Excerpts:I suspect that the choice of the subject of this lecture: Nigeria RisingThe Path to Prosperity was informed by the curiosity of the university about what to expect from the Buhari administration in the next four years.I will speak to
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YABATECH Rector counsels new deans
Wed, 03 Apr 2019
Rector of the Yaba College of Technology (YABATECH), Obafemi Omokungbe, has charged newly-elected Deans of various schools to provide harmonious and conducive environment for teaching and learning.Speaking at the inauguration of the new Deans, Omokungbe congratulated them for their electoral success.He noted that the office of Dean also serves as the Rectors representative in each School. He admonished them to live by the rules of the College.As the Chairman of your School Board be open-minded a
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Amnesty coming for owners of undeclared foreign assets, ministers assure
Wed, 03 Apr 2019
NIGERIANS with assets and investments overseas who failed to declare such in a bid to evade paying taxes have been promised amnesty by the Federal Government.Ministers for Justice and Attorney-General of the Federation Abubakar Malami and his Finance counterpart, Mrs. Zainab Ahmed, gave the hint in Abuja yesterday while unveiling the Voluntary Offshore Assets Regularisation Scheme (VOARS).Malami explained that, just like the Voluntary Assets and Income Declaration Scheme (VAIDS), the rationale f
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Buhari turns down $1b Ajaokuta completion fund bill, seven others
Wed, 03 Apr 2019
President Muhammadu Buhari has declined assent to the Ajaokuta Steel Company Fund Bill transmitted to him by the National Assembly. The bill was transmitted to the Presidency in February.The Bill stipulated that the Federal Government should set aside $1 billion from the Excess Crude Account (ECA) for the immediate completion of the moribund Ajaokuta Steel Company.Buhari also withheld assent to seven other bills passed by the National Assembly and transmitted to him.Senate President Bukola Sarak
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BMO: you cant compare Buhari with Atiku
Wed, 03 Apr 2019
The Buhari Media Organisation (BMO), yesterday, slammed former President Olusegun Obasanjos claim that his ex-deputy and Presidential candidate of the Peoples Democratic Party (PDP) was better than President Muhammadu Buhari.BMO, in a statement signed by the Chairman, Niyi Akinsiju and Secretary, Cassidy Madueke in Abuja, said the comment of the former President was a crude joke, ridiculous and contemptible.The group said: We are completely taken aback that someone who, ordinarily should be seen
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Lagos poll: Agbaje and illusion of hope
Wed, 03 Apr 2019
At the outset, there was a glimmer of hope that the Lagos State governorship flag bearer of the Peoples Democratic Party (PDP), Mr. Jimi Agbaje, will put up a better performance against his All Progressives Congress (APC) counterpart, Mr. Babajide Sanwo-Olu, because of the crack that was noticed within the ranks of the ruling party in the state. But, at the end of the day, the pharmacist-turned politician could not measure up to his performance in 2015. MUSA ODOSHIMOKHE examines why the PDP cand
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There will be no Nigeria without restructuring
Wed, 03 Apr 2019
Obong Victor Attah, 80, has always been passionate about politics. He was governor of Akwa Ibom State from May 1999 to May 2007 on the platform of the Peoples Democratic Party (PDP). Afterwards, the architect-turned politician ran for the 2007 presidential nomination of the party, but later withdrew. Since then, he has been playing the role of an elder statesman, particularly in Akwa Ibom politics. Attah spoke to some reporters in Lagos about what the victory of President Muhammadu Buhari porten
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Merkel congratulates Buhari on re-election
Wed, 03 Apr 2019
The German Chancellor Angela Merkel has called President Muhammadu Buhari to congratulate him on the resounding victory in the February 23 presidential election in Nigeria.Chancellor Merkel pledged to continue co-operation with Nigeria on peace and security, while promoting investment and trade for sustainable economic development.Read Also:Second term: Ill do my best for Nigerians, says BuhariPresident Buhari, in a statement by the Special Adviser on Media and publicity, Femi Adesina, thanked t
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Air Force kills Boko Haram leaders, others
Wed, 03 Apr 2019
The Nigerian Air Force Tuesday said it has launched series of air strikes on the hideouts of Boko Haram terrorists at the fringes of Lake Chad in Borno state.Its spokesman, Air Commodore Ibikunle Daramola said in a statement that the operations led to killing of high valued Boko Haram members.He added the operations were carried out after intelligence platform had established the presence of the terrorists in the area.Air Commodore Daramola said: The Air Task Force (ATF) of Operation LAFIYA DOLE
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Subscribers get upgrade in StarTimes Easter promo
Wed, 03 Apr 2019
Pay TV Company, StarTimes is offering an upgrade on all its bouquets for subscribers.The promo which runs from April 1 to May 15, 2019, gives customers the opportunity to pay for package on Nova, Basic, Smart and Classic bouquets and get an instant upgrade to view a higher bouquet within hours of activation.The company says the essence of the promo is to allow its subscribers enjoy the Easter holiday with access to an array of channels on a higher bouquet than they normally watch and unlimited e
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NFI set to commence Masters in film archiving
Wed, 03 Apr 2019
As part of the preparations for the commencement of the Masters Degree Programme in Film Archiving by the National Film Institute (NFI), Jos, three staff of the NFI and a staff of the Department of Theatre & Film Arts of the University of Jos, have arrived the Goethe University, Frankfurt, Germany, for a two months intensive under study.The programme is an educational collaboration between the Goethe University, Frankfurt; University of Jos and the National Film Institute, Jos.According to a
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Why Nigerian musicians cant win Grammy award
Wed, 03 Apr 2019
Musician and recording artiste, Akintunde Brown, has said that Nigerian musicians cannot win Grammy award because, we sing in our local dialect and the sounds are poor.Brown who spoke with NAN said, We have sounds from different parts of Africa, the mixture will make it a world class sound but we are not complying with that, adding that Nigerias hip hop and other genres do not conform to world music standards.According to him, We also do not use the right nomenclatures which consist of dynamic a
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I plan for Davido, Tiwa Savage, others to seek me Singer Yega
Wed, 03 Apr 2019
Since the release of his last work, fast rising Urban Afro musician, Adegboyega, aka Yega, has been working quietly on his craft, creating and perfecting the best of sound.Ive been working on my craft since my last release. I have been going for advanced saxophone lessons, voice training and working with different producers to create music. Now, I have two albums ready, said the Physics Engineering graduate.Meanwhile, Yega recently dropped a track off one of the albums entitled For Say which he
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Ifu Ennada, Femi Branch, others to star in City Of Bastards
Wed, 03 Apr 2019
Ex Big Brother housemate Efu Ennada and Femi Branch are among stars set to feature in a new movie, City Of Bastards.The other cast members include Bolanle Ninolowo, Linda Osifo, Stan Nze, Omowunmi Dada, Abayomi Alvin, Shaffy Bello, Judith Audu, Lami George, Bukky Ojo, Funky Mallam and Donald Ndubuisi.Shot in Makoko, a slum in Lagos, the fictional story is told through the eyes of the principal character, King.The movie highlights Kings checkered past, surviving the present while trying to mainta
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Aramide celebrates Womens Day with Songversation
Wed, 03 Apr 2019
Afro-soul singer, Aramide thrilled her fans to a night of conversation and music at the 2019 Songversation with Aramide which held at Terra Kulture Victoria Island, Lagos on Saturday.The event which was in commemoration of the international womens day, celebrated women who have done exploit in their different professional fields and have in one way or the other given back to society.Aramide took fans and music lovers on a journey of live music while performing many of her hit songs such as Fall
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Seyi Shay takes part in FVCKYOU Challenge
Wed, 03 Apr 2019
Sultry artiste Seyi Shay has become the latest Nigerian singer to step on the Fvckyou challenge initiated by Kiss Daniel who dropped a song with the same title, Fvck You.She posted a video of her own version of the song on her Instagram account late Monday.THIS IS THE REMIX, she wrote.My response to @iamkizzdaniel #fvckyouchallenge.Lets look at it from another angle. Its ALL love guys @drance.entStarted by Kiss Daniel, who drop a song titled Fvckyou, the challenge which is trending among Nigeria
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Senate backs SON on local goods campaign
Wed, 03 Apr 2019
The Senate Committee on Industry has pledged to support the Standards Organisation of Nigeria (SONs) campaign for the patronage of made-in-Nigeria goods.Chairman of the Committee, Senator Sam Egwu, said SON is vital to achieving the present administrations Executive Order 003 aimed at providing support for local content in public procurement by Ministries, Departments and Agencies (MDAs) as well as increasing the demand for locally made goods and services in the country.Egwu at an oversight func
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Access Bank hits new ranking as NSE lists merger shares
Wed, 03 Apr 2019
Access Bank leapt by two steps to become one of the six most capitalised financial institutions in Nigeria as the first-tier commercial bank fully consummated its business combination with Diamond Bank Plc with the listing of the merger shares and the delisting of Diamond Bank.The Nigerian Stock Exchange (NSE) listed 6.617 billion ordinary shares of 50 kobo each issued as consideration to shareholders of the defunct Diamond Bank in the name of Access Bank Plc. The additional listing of scheme sh
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Chams rebounds to profit
Wed, 03 Apr 2019
Chams Plc has recovered from a loss of N1.27 billion in 2017 to a profit of N380 million in 2018, as the identity management and electronic payment company started to reap from a recent restructuring.Key extracts of the audited report and accounts of Chams for the year ended December 31, 2018 showed that the companys total assets rose by 10 per cent to N5.25 billion in 2018 as against N4.77 billion in 2017. Total liabilities also reduced by 14 percent to N3.60 billion in 2018 compared with N4.20
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OPL 310: Lekoil needs ministers consent
Wed, 03 Apr 2019
AFederal High Court sitting in Lagos, and presided by Justice Sule Hassan, has ruled that Lekoils acquisition of an interest in OPL 310 still requires consent from the Minister of Petroleum Resources.Justice Hassan said the Executive Order issued by Acting President, Prof. Yemi Osinbajo in 2017, which should have deemed the consent to have been granted, could not supersede the powers of the Minister of Petroleum Resources to grant such consent. More specifically, the Judge disagreed that the con
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TEF gets new CEO
Wed, 03 Apr 2019
Former Director of Partnerships and Evaluation, Tony Elumelu Foundation (TEF), Mrs. Ifeyinwa Ugochukwu, has been appointed as the Foundations CEO effective April 1.She is the third CEO and the first African to become the Chief Executive Officer of the Tony Elumelu Foundation.In December 2018, the Foundation, the leading African philanthropy committed to empowering African entrepreneurs, announced Mrs. Ugochukwus new appointment as CEO and the transition of her predecessor, Parminder Vir, OBE to
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Micro Pension: Informal sector workers seek subvention, others
Wed, 03 Apr 2019
Following the launch of Micro Pension Plan by President Muhammadu Buhari, workers in the informal sector have urged the Federal Government to provide at least 50 per cent contributions as subvention under the plan for the workers.They are asking that workers who are 60 and above, who cannot join the pension plan, should be entitled to social pension as it is done in developed and developing countries.The workers, under the auspices of the Federation of Informal Workers Organisation of Nigeria (F
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Pension complaints and solutions
Wed, 03 Apr 2019
Abi Demi: Hello, this is to inform you that I have been paid by Crusader Pension. Many thanks to The Nation and the National Pension Commission.THE NATION: The Nation is happy that you have received your entitlement. Enjoy yourself.EMMANUEL: Good Day, ma: My name is Emmanuel, the son of the late Supol James. We have an issue with the pension of our late dad who died on March 13, 2015. We have paid the money they asked us to pay and we have also submitted all the necessary documents. But we have
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United Capital promises better returns as shareholders get N1.8b dividend
Wed, 03 Apr 2019
The United Capital Plc Board of Directors has assured shareholders that it has put in place appropriate strategies to ensure that the company continues to make progress and deliver better returns, irrespective of the challenges in the operating environment.Addressing shareholders at the annual general meeting in Lagos, its Chairman, Chika Mordi, said things are definitely looking up for the company, a development he attributed to deliberate implementation of actionable strategies, that have paid
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How Special Economic Zones Company operates, by ministry
Wed, 03 Apr 2019
The Federal Ministry of Industry, Trade and Investment yesterday clarified the status of Nigeria SEZ Investment Company Limited (NSEZCO), also called, Nigeria Special Economic Zones Company Limited.The ministry, in a statement, said that NZESCO was incorporated as a special purpose vehicle to deliver Project MINE (Made in Nigeria for Exports), which is a Presidential initiative.It said the Federal Governments Economic Recovery & Growth Plan (ERGP) identified the development of Special Econom
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UBA unveils 30 student Brand Ambassadors
Wed, 03 Apr 2019
The United Bank for Africa (UBA) Plc has restated its commitment to the educational sector with the unveiling of 30 students as UBA Brand Ambassadors for the year in the third edition of its Campus Ambassador Programme.The students, made up of 17 males and 13 females, chosen from various tertiary institutions across the country, were selected based on some criteria, including leadership and creative skills as well as the ability to promote the UBA brand as campus ambassadors.UBAs Campus Ambassad
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