Today’s Punch Newspaper Headlines Monday 15th April 2019

Today’s Punch Newspaper Headlines

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National Assembly leadership: Well strike at the right time, says PDP
Mon, 15 Apr 2019
Olusola Fabiyi, Abuja The Peoples Democratic Party has said that it is not bothered about moves by the ruling All Progressives Congress to sideline its members in the election of the presiding officers of the Ninth National Assembly. Rather, it said it was monitoring what is ongoing in the camp of the ruling party and
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

South-East senators-elect demand deputy Senate Presidents position
Mon, 15 Apr 2019
Sunday Aborisade, Abuja Two senators-elect from the South-East geopolitical zone have said that the Igbo deserved to be elected as Deputy Senate President of the Ninth Senate in June. The lawmakers-elect, Orji Uzor Kalu and Uche Ekwunife, stated this in separate interviews with our correspondent on Friday in Abuja. Ekwunife said if the leadership of
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Edo APC commends Obaseki over assembly poll victory
Mon, 15 Apr 2019
Oluwatobi Akindele The Edo State Chapter of the All Progressives Congress has commended the state governor, Godwin Obaseki, over what it described as the partys remarkable outing in the 2019 general elections. The party noted that the APC won all the 24 seats in the state House of Assembly, describing it as remarkable. It added
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Port dredging: FG explores cheaper options after spending N722bn
Mon, 15 Apr 2019
The Federal Government has concluded plans to utilise more cost-effective options for the management of its seaport channels, after spending more than N700bn on dredging through a joint venture arrangement, ANNA OKON writes The Nigerian Ports Authority has concluded plans to overhaul its 15-year Joint Venture arrangement with channel management companies in exchange for what
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No plan to remove fuel subsidy, FG insists
Mon, 15 Apr 2019
Dayo Oketola, Washington DC The Federal Government has given the assurance that there are no plans to remove fuel subsidy now just as queues emerged in filling stations in some parts of the country. The Minister of Finance, Ms Zainab Ahmed, said this during a ministerial press briefing at the 2019 International Monetary Fund and
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IMFs advice poisonous, say NUPENG, PENGASSAN
Mon, 15 Apr 2019
Femi Asu The Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association have described as poisonous the International Monetary Funds advice to the Federal Government on fuel subsidy. The Managing Director, IMF, Christine Lagarde, during a press conference on Thursday at the joint annual spring meetings with
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Nigerias daily petrol supply hits 56 million litres PPPRA
Mon, 15 Apr 2019
Everest Amaefule, Abuja The Petroleum Product Pricing Regulatory Agency has put the countrys daily supply of Premium Motor Spirit, otherwise known as petrol, at 56 million litres. In a statement signed and made available to our correspondent in Abuja on Sunday by the Executive Secretary, Abdulkadir Saidu, PPPRA said that daily supply of petrol in
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Using strategic partnerships for more explosive growth
Mon, 15 Apr 2019
If it is going to survive, a start-up needs to grow. In my experience, strategic partnerships are the best shortcut to the kind of explosive growth a new business needs, to get going. Case in point: When our start-up, CrayPay, aligned with key influencers in vertical markets, we gained 15,000 new users for our app
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Protecting your business trade secrets
Mon, 15 Apr 2019
Feyisayo Popoola Every business owner that seeks to grow his brand must have a strategy or plan to achieve the goals. These plans or strategies ought to be guarded jealously because failure to do so could bring about death of the business. A trade secret is a formula, practice, process, design, instrument, pattern, commercial method,
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Old Mutual partner Roche on health insurance
Mon, 15 Apr 2019
Nike Popoola old Mutual Nigeria Life Assurance Company, a subsidiary Old Mutual Limited, has entered into partnership with Roche, a global research-driven healthcare and pharmaceutical company to develop an innovative insurance plan for terminal illness, tagged the Old Mutual Critical Illness Plan. The insurance company disclosed this during a press briefing in Lagos in commemoration
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FG gives approval for Nigeria-Seme-Benin road project
Mon, 15 Apr 2019
Ifeanyi Onuba, Abuja The Federal Government has approved the inauguration of work on the section of the road linking Nigeria with the Republic of Benin. The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this at the 12th Ministerial Steering Committee and Experts Meeting for the Abidjan-Lagos Corridor Highway Development Programme in Togo.
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FG, World Bank meet over $1bn power sector loan
Mon, 15 Apr 2019
Dayo Oketola, Washington DC The Federal Government has met with the World Bank over a proposed $1bn loan for the countrys ailing power sector. The Minister of Finance, Ms Zainab Ahmed, who led the Nigerian team to the meeting with the World Bank Power Sector team, said the raison dtre of the high-level meeting was
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Elumelu seeks practical solutions on empowerment
Mon, 15 Apr 2019
Nike Popoola Tony Elumelu Foundation, has said it is cogent to implement practical solutions that will help to empower people in Africa. In a statement, the founder, Mr Tony Elumelu, spoke when the foundation hosted the European Commission and leading Development Finance Institutions during a programme, with the theme, A convening on Africas economic transformation:
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Were committed to developing data, marketing tech Terragon
Mon, 15 Apr 2019
Terragon Group has said the growing need of quality data and the wide gap in applying data and marketing technology to the African consumers made it to evolve into a data and marketing technology company. In a statement, the company said it added three core pillars to its business which are a programmatic mobile advertising
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FBN Holdings profit rose by 31.4%
Mon, 15 Apr 2019
Nike Popoola FBN Holdings Plc has said its profit after tax rose by 31.4 per cent to N59.7bn at the end of December 2018, from N45.5bn in the corresponding period of 2017. In a statement, it said its profit before tax also rose by 19.7 per cent year- on -year to 65.3bn at the end
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Pertinence to empower 100,000 persons in real estate business, others
Mon, 15 Apr 2019
Maureen Ihua-Maduenyi Real estate development firm, Pertinence Limited, says it plans to empower about 100, 000 people in real estate business and other money-making ventures in the next 10 years. The firm said it had commenced the process through its Zero to Hero platform, which it initiated about three years ago. According to the Executive
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FMBN empowers Chellerams workers with home renovation funds
Mon, 15 Apr 2019
Maureen Ihua-Maduenyi The Federal Mortgage Bank of Nigeria has given home renovation loan of N14m to some workers of Chellerams Plc in Lagos. The Managing Director of FMBN, Mr Ahmed Dangiwa, said the fund would empower the beneficiaries to put their homes in a better condition, adding that the banks target was to ensure many
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Architects to address Lagos urban regeneration plans
Mon, 15 Apr 2019
Maureen Ihua-Maduenyi There is a need for Lagos to keep renewing its systems and processes as West Africas economic capital, architects have said. The Nigerian Institute of Architects stated that the processes, through which the city would become a smart and resilient city where things work for all, would form the basis for discussions at
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Understanding the difference between bank draft and cheque
Mon, 15 Apr 2019
Cheques and bank drafts are provided by a bank to its customers in order to make payments for goods and services. While they may sound similar to one another, there are a number of important differences. The main difference being that a cheque is issued by the banks customer and is not guaranteed, whereas drafts
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Ecobank sells first Eurobonds in 18 months
Mon, 15 Apr 2019
issues $450m senior unsecured notes Feyisayo Popoolawith agency report Ecobank Transnational Incorporated has sold $450 of Eurobonds, the first debt sale from a lender with shares listed on the Nigerian Stock Exchange in 18 months. Bloomberg reported that the bank sold the Eurobonds on Thursday at yields that ranked among the highest from emerging markets
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Scarcity: Ondo vows to deal with filling stations hoarding fuel
Mon, 15 Apr 2019
Peter Dada, Akure Following the scarcity of the Premium Motor Spirit (also known as petrol) in Ondo State, the state government has vowed to sanction any petrol station that hoards the product. For the past two days, the state capital, Akure and many towns across the state have been experiencing the scarcity of petrol as
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Property investments show investors confidence in Nigeria Minister
Mon, 15 Apr 2019
Okechukwu Nnodim, Abuja The rise in property investments across the country is an expression of confidence by investors in Nigeria, the Minister of Industry, Trade and Investment, Okechukwu Enelamah, has said. Enelamah, who disclosed this while speaking on the sidelines of the inauguration of Belanova Apartments and Suites in Abuja recently, also stated that the
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Climate change: Finance ministers express concern, form coalition
Mon, 15 Apr 2019
Maureen Ihua-Maduenyi Finance ministers from 20 countries including Nigeria, have come together to drive a stronger collective action on climate change and its impacts on the environment. The new group, known as Coalition of Finance Ministers for Climate Action, was formed on Saturday at the Spring Meetings of the World Bank Group and International Monetary
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Nnamdi Kanu will expose more on Atiku, Buhari IPOB
Mon, 15 Apr 2019
Tony Okafor, Awka The Indigenous People of Biafra on Sunday said its leader, Nnamdi Kanu would expose more about the nationality of the presidential candidate of the Peoples Democratic Party, Atiku Abubakar. It also insisted that the person occupying the seat of Nigerias president was not the real President Muhammadu Buhari. The All Progressives Congress
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FG uncovers NEPZA officials plan to sabotage N42bn SEZ
Mon, 15 Apr 2019
Olalekan Adetayo, Abuja The Federal Government has uncovered attempts by some officials of the Nigeria Export Processing Zone Authority to sabotage efforts aimed at creating Special Economic Zones for the country. A top government official who spoke with journalists on the condition of anonymity in Abuja on Sunday said the NEPZA officials were of the
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N8.7tn pension fund: PenCom bars PFAs from investing in bonds issued by nine states
Mon, 15 Apr 2019
The National Pension Commission has barred pension fund administrators from investing in the bonds of nine states that have yet to amend their state pension laws and join the Contributory Pension Scheme. Findings also revealed that this restriction might be extended to 15 other states that had joined the CPS, but were not showing full
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Building collapse: BCPG, Lagos LGAs to collaborate on sensitisation
Mon, 15 Apr 2019
NIQS blames building collapse on defective construction laws Maureen Ihua-Maduenyi The Building Collapse Prevention Guild has revealed plans to collaborate with all Local Governments and Local Council Development Areas of Lagos State to create awareness against building collapse at the grassroots. The group said enlightenment remained a key part of eradicating the menace of building
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Zamfara air strikes: Were compiling dead civilians names, Emirs reply NAF
Mon, 15 Apr 2019
Niyi Odebode, Olaleye Aluko,Adeniyi Olugbemi and Kayode Idowu The Zamfara State Council of Chiefs again on Sunday berated the Nigerian Air Force over the bombing of innocent villagers in the state. The Emir of Bungudu and spokesman for the traditional rulers, Alhaji Hassan Attahiru, in a telephone interview with one of our correspondents, restated the
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Restructure mines, steel development ministry, NAE tells FG
Mon, 15 Apr 2019
Maureen Ihua-Maduenyi Professors in metallurgical, mineral and mechanical engineering industry have asked the Federal Government to consider restructuring the Ministry of Mines and Steel Development for enhanced efficiency. At a forum by the Nigerian Academy of Engineering, in Lagos, some of the professors said the country had to get value from its abundant solid minerals.
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Bishopgate MFB partners Solar Affairs to provide energy
Mon, 15 Apr 2019
Nike Popoola Bishopgate Microfinance Bank Limited says it has signed a Memorandum of Understanding with Solar Affairs with the aim of financing solar renewable energy for SMEs. In a statement, the firm said the purpose of the agreement was to provide renewable energy through solar installations to power Small and Medium Enterprises across Nigeria. The
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9th NASS: Use 2011 rule book for voting, Enang tells lawmakers
Mon, 15 Apr 2019
Sunday Aborisade, Abuja The presidential liaison officer to the Senate, Ita Enang and the Deputy Senate President, Ike Ekweremadu, have disagreed on the rule book to be adopted while electing new presiding officers for the 9th Senate. Enang, the Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), said the management of
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AACN moves to promote Nigerias capital market globally
Mon, 15 Apr 2019
Nike Popoola The Association of Assets Custodians of Nigeria plans to show the global audience an up-to-date information on the Nigerian capital market and assure them of the security of their investments in the country. The Presient, AACN, Mrs Taiwo Sonola, said that the AACN was committed to the promotion of investments in Nigeria. During
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Another NAF personnel dies in air accident
Mon, 15 Apr 2019
Olaleye Aluko, Abuja A Nigerian Air Force personnel, Corporal Meshach Komo, was confirmed dead on Sunday after being involved in a parachuting accident at an undisclosed location in Kaduna State. Our correspondent learnt that the air accident occurred when the NAF personnel was participating in recurrency training. The air force has lost two men to
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Agbakoba insists on CCT chairmans trial
Mon, 15 Apr 2019
Ade Adesomoju, Abuja The Nigerian Bar Association is holding talks with the Body of Benchers about the associations disciplinary process, the outcome of which may affect its position on the petition sent against the Chairman of the Code of Conduct Tribunal, Mr Danladi Umar, The PUNCH learnt on Sunday. A former President of the NBA,
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Chams, First Access partner to launch microfinance app
Mon, 15 Apr 2019
Feyisayo Popoola Chams Access Limited has partnered First Access Limited to launch a new application for microfinancing in Nigeria. The Chief Executive Officer, Chams Access, Dumebi Obodo, said the partnership with First Access was as a result of the similar projects on digitising loan disbursement that the network-based company had done in other countries to
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NEF backs Dangote, knocks northern govs for rising poverty
Mon, 15 Apr 2019
Godwin Isenyo, Kaduna The Prof Ango Abdullahi-led Northern Elders Forum has backed Africas richest man, Aliko Dangote, for raising the alarm over the unacceptable rising poverty rate in the North. Dangote had at the 4th edition of the Kaduna Investment and Economic Summit (KADInvest 4.0) said 60 per cent of the northern population lived in
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Govt failure to rescue Chibok girls encouraged banditry BBOG
Mon, 15 Apr 2019
Adelani Adepegba, Abuja The BringBackOurGirls group has blamed the failure of the Federal Government to rescue the 112 Chibok schoolgirls for the wave of banditry and terrorism in Zamfara, Yobe, Borno states and other parts of the country. It stated that governments inept handling of the abduction of the girls by Boko Haram laid the
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Protect telecom infrastructure, NCC tells consumers
Mon, 15 Apr 2019
Ife Ogunfuwa The Nigerian Communications Commission has again appealed to telecom consumers and other stakeholders in communities to join hands with the commission to protect telecom infrastructure for improved service delivery to them. The commission made the call during a sensitisation programme on the protection of telecom infrastructure in Okene, Kogi State recently, urging all
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Palm Sunday: CAN tasks Christians on sacrificial living
Mon, 15 Apr 2019
The Christian Association of Nigeria, Oyo State branch, on Sunday, urged Christians to take advantage of the Palm Sunday to imbibe the culture of living a life of sacrifice. The Chairman of the branch, Pastor Benjamin Akanmu, made the call in an interview with the News Agency of Nigeria in Ibadan. Akanmu also urged Christians
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Its criminal for states not to remit retirement fund NLC
Mon, 15 Apr 2019
Olufemi Atoyebi, Abuja The president of the Nigeria Labour Congress, Ayuba Wabba, has said that states or employers of labour who refuse to remit money into the retirement benefit account of workers should be held for a criminal act. Wabba spoke in an interview with our correspondent in Abuja in response to the claim by
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Ekiti insists on end to open defecation
Mon, 15 Apr 2019
Abiodun Nejo, Ado Ekiti Ekiti State Government has reiterated its commitment to ending open defecation in all parts of the state, saying provision of safe potable water and access to good sanitation, especially toilet facilities to ensure environmental hygiene, are key in achieving the goal. The Commissioner for Infrastructure and Public Utilities, Bamidele Faparusi, assured
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Kebbi plans nomadic education for 400,000 out-of-school kids
Mon, 15 Apr 2019
Olaleye Aluko The Kebbi State Government said it had built 40 nomadic schools and would renovate 504 Almajiri schools to tackle the large population of out-of-school children in the state put presently at over 400,000. The state Commissioner for Education, Alhaji Magawata Aliero, stated this in an interview with journalists on Saturday, noting that the
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Declare ceasefire to tackle abduction of women in North-East
Mon, 15 Apr 2019
Kayode Idowu, Maiduguri Borno women have asked the Federal Government to declare a state of emergency on the continuous abduction of women by Boko Haram in the North East. They also asked for a ceasefire in the ongoing war on Boko Haram to allow for the return of women abducted by the terrorist group. Leading
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Kachikwu acknowledges Falanas demand for $60bn oil revenue loss
Mon, 15 Apr 2019
Ade Adesomoju, Abuja The Minister of State for Petroleum Resources, Ibe Kachikwu, has acknowledged receipt of the request by human rights lawyer, Mr Femi Falana (SAN), for the details of the loss of about $60bn oil revenue due to Nigeria. Falana had made the request on the strength of the Freedom of Information Act, 2011
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LASG arrests seven alleged illegal traders
Mon, 15 Apr 2019
Oluwatobi Akindele The Lagos State Taskforce on Environmental Sanitation and Special Offences (Enforcement) Unit and the Lagos State Environmental Sanitation Corps said on Sunday said that they had dislodged all illegal traders on road set-backs and walkways in the Ikeja area. The Head of Public Affairs Unit of the task force, Adebayo Taofiq, in a
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Stakeholders seek reconciliation in Kogi APC
Mon, 15 Apr 2019
Oluwatobi Akindele Some stakeholders in the rulling All Progressives Congress in Kogi State on Sunday said they were worried over the fortune of the party in the state, urging the national leadership to reposition the party. The stakeholders, under the auspices of Kogi Rescue Group, said there was the need for genuine reconciliation in the
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Steer away from National Assembly politics, lawmakers-elect warn parties
Mon, 15 Apr 2019
Sunday Aborisade, Abuja Newly-elected lawmakers for the 9th National Assembly have advised the leadership of their political parties against undue interference in the election of presiding officers for both chambers of the federal parliament. The legislators-elect stated this in separate interviews with our correspondent on Friday at the end of the orientation programme organised for
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Flooding: FG cleans Lagos highway drains
Mon, 15 Apr 2019
To avert flooding on highways, the Federal Controller of Works in Lagos, Mr Adedamola Kuti, on Sunday said the Ministry of Power, Works and Housing had begun cleaning of drains. Kuti told the News Agency of Nigeria in Lagos that clearing of drains had begun in Ijora and evacuation of drainage channels on highways across
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