Today’s The Nation Newspaper Headlines Monday 15th April 2019

Today’s The Nation Newspaper Headlines

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

APC clears Lawan, others to consult PDP colleagues
Mon, 15 Apr 2019
All Progressives Congress (APC) National Assembly members yesterday got the nod to negotiate with the opposition in their bid for principal positions in the Ninth Assembly.It is democratic to do so, the party said in a statement signed by National Publicity Secretary Lanre Issa-Onilu, who stressed that the party has nothing against its members seeking cooperation with other legislators as it is confident that they will not betray the party.There has been reports of Senate Leader Ahmad Lawan, who
read more…

BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Govt, World Bank discuss $1b power sector loan
Mon, 15 Apr 2019
The Federal Government and the World Bank Power Sector team yesterday met on the possibility of Nigeria accessing a $1 billion Performance Based Loan (PBL) from multilateral institutions.Finance Minister Mrs. Zainab Ahmed dropped the hint at a joint news conference with Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the end of the 2019 World Bank/International Monetary Fund (IMF) Spring Meetings in the United States.The minister cleared the air on fuel subsidy, saying removing it is n
read more…

Revealed: 23 Nigerians on death row
Mon, 15 Apr 2019
SAUDI Arabia is defending its legal system following the controversy that trailed the beheading of a Nigerian woman, Kudirat Adeshola Afolabi, for drug trafficking.No fewer than 23 Nigerians are on the death row in the kingdom.The Ambassador of the Kingdom of Saudi Arabia, Amb. Adnan Mahmod Bostaji, yesterday said sentences are only carried out after the evidence has been established.He described the legal system as transparent, adding that it works on fairness and justice.He also said about 1.5
read more…

Outcry as police arrest five officers for killingwoman
Mon, 15 Apr 2019
There were outcries on the social media yesterday over the killing of a 20-year-old woman by policemen at Ajegunle in Ajeromi-Ifelodun Local Government Area of Lagos.Ada Ifeanyi was shot dead at 4b, Amusa Lane, off Ojo Road, Ajegunle on Saturday morning.The policemen also shot 32-year-old Emmanuel Akomafuwa, of 52, Babatunde Street, Olodi Apapa, at Akpiri Street, Olodi Apapa.Lagos State Police Command has arrested and detained five police officers involved in the act.As the commands Public Relat
read more…

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Electricity cable, transformer theft to attract 10-year jail term
Mon, 15 Apr 2019
If the Senate adopts the recommendations of its Committee on Power, Steel Development and Metallurgy, the theft of electricity cable and transformer may attract 10-year jail term.The committee also recommended a jail term of seven years or a fine of N2million or both if anyone connects or disconnects electric wire to, either the electricity meter or to the public power supply lines.The 10-year jail term is without an option of fine for offenders.The committee, which submitted its report last Thu
read more…

Lagos Exchange to trade on forex
Mon, 15 Apr 2019
The Lagos Commodities and Futures Exchange (LCFE) is getting set for trading in four broad ranges of assets that promise to open up enormous wealth across the country.Lagos Commodities and Futures Exchange (LCFE) Chairman Patrick Ezeagu, at the weekend, said the LCFE has received regulatory approval to begin trading in four classes of assets agricultural commodities, currencies, solid minerals and oil and gas.The LCFE is being promoted by the Lagos State government and the Association of Securi
read more…

Long fuel queues amid IMFs call for subsidy removal
Mon, 15 Apr 2019
Long queues have resurfaced at filling stations raising fears of fuel scarcity. The Nigerian National Petroleum Corporation (NNPC) has since allayed such fears. Although there was improvement in supply yesterday, many outlets remain shut in anticipation of shortage. Assistant Editor EMEKA UGWUANYI examines the cause of this development.It all started with the speculation that there was shortage of fuel imports. Eventually, three days ago, many retail outlets were shut. The few that were selling
read more…

FRSC: driving against traffic on Lagos-Ibadan highway to attract psychiatric test
Mon, 15 Apr 2019
THE Federal Road Safety Corps (FRSC) said any motorists caught creating additional lanes and or driving against traffic on the Lagos-lbadan Expressway will be booked for a psychiatric check.FRSC Lagos State Sector Commander Mr. Hyginus Omeje, who stated this at the weekend in Lagos, said erring motorists would also have their vehicles impounded.According to Omeje, one of the causes of the constant gridlock on the road is impatience and lane abuse by most road users.He said: A good assessment of
read more…

Palm Sunday: Clerics counsel Christians on love, unity
Mon, 15 Apr 2019
CLERICS yesterday urged Christians to emulate Jesus Christ by showing love to one another and living in unity.Rev. Cannon Okey Obodozie of the Saint Marys Anglican Church, Lagos, said Jesus lived a life of love to mankind.In a chat with the News Agency of Nigeria (NAN) yesterday in Lagos, Obodozie urged Nigerians to reconcile themselves with God and their neighbours during and after Lent.According to him, Palm Sunday marks the beginning of the Holy Week, adding that Jesus Christs display of humi
read more…

Falana, Jukuns raise alarm over unreported killings in Taraba
Mon, 15 Apr 2019
THE Jukuns in Taraba State yesterday raised alarm over a series of killings by gunmen and suspected kidnappers in the southern part of the state within the last few weeks.Activist lawyer Femi Falana (SAN) and the Junkun Development Association of Nigeria, at a news conference at the Falana and Falana law firm, Adekunle Fajuyi Way, GRA, Ikeja, expressed concern over the killings many of which they lamented go unreported.The associations National President, Bako Benjamin, said no fewer than 148 J
read more..

Why Buhari won Nassarawa, by Al-Makura
Mon, 15 Apr 2019
Nassarawa State outgoing Governor Tanko Al-Makura spoke on live Television Continental programme, The Platform, anchored by SAM OMATSEYE, on the implications of President Muhammadu Buharis victory for the state and country.For the first time, Nasarawa State delivered the presidency to your party. President Buhari has never won Nasarawa State. What is going on in your mind right now’Jubilation, contentment and a feeling of fulfilment because not everybody will be that lucky that at the twili
read more…

I will build on Al-Makuras achievements
Mon, 15 Apr 2019
Nassarawa State Governor-elect Abdullahi Sule spoke on a live Television Continental progamme, The Platform, anchored by SAM OMATSEYE, on his victory, vision, and challenges of governing the Northcentral state.When the presidential election results came out, a record was broken. President Buhari has never won in this state won, but it was a cliff hanger; a 6, 000 vote. How did it feel going into the governorship’ First and foremost, we thank God Almighty for giving us the opportunity to eve
read more…

North now under threats of bandits Northern elders
Mon, 15 Apr 2019
Elders of northern region under aupices of Northern Elders Forum (NEF) have cried out that, the region is under threats.They lamented that, while the region still lives under horrendous Boko Haram threats, large swathes of territory in the north have effectively become bandit land.Chairman and Convener of the Northern Elders Forum, Professor Ango Abdullahi stated this while addressing a press conference on behalf of forum in Zaria, Kaduna State.The forum therefore demanded that, President Muhann
read more…

EstherWhyte bags Teen Actor of the year
Mon, 15 Apr 2019
Teen actress Esther Whyte Bassey has emerged Teen Actor of the year at the recent South South Achievers Awards.Esther, who is also a TV show host, dancer, writer and film producer, produced her first movie titled, Era Of Errors at age 16.She was tagged as the youngest film producer inNigeria by Beyond Afrika and France 24 in 2017 and listed amongst the Top 10 most influential teenagers in Nigeria.I felt very happy winning the award, said Esther.Im glad people are seeing my works and nominated me
read more…

Kizz Daniel, Chidinma star in romantic comedy, Love Me
Mon, 15 Apr 2019
A romantic comedy Love Me is set to hit the screens in June.Starring Woju crooner Kizz Daniel, Chidinma Ekile of The MTN Project Fame, Alexx Ekubo, Ngozi Nwosu, Broda Shaggi, Ann Idibia and a host ofothers, Love Me, set in the modern day in a 5-star Hotel, explores the universal love triangle between the opulent lover and the ordinary one both vying for the same girls heart.A feisty and charming hotel cleaners life goes topsy-turvy as she gets torn between Nigerias chart-bursting music star, wh
read more…

Itll be disrespectful for me to do Shaku Shaku songs -Jaywon
Mon, 15 Apr 2019
Former Kennis Music superstar, Jaywon, has told his fans not to expect him to follow the trending style of music as he considers such disrespectful.The reason this This Year crooner said of his decision was not to be seen as a new artiste.For someone like me who have been making waves in the Nigerian music industry for so long, it is going to be disrespectful for me to continueZanku or Shaku Shaku kind of song, Jaywon said.At this point in my career, there are some kinds of music I cant do anymo
read more…

HIP TV drags Heritage Bank to Court
Mon, 15 Apr 2019
Smooth Promotions, owners of HIP TV, has filed a suit at the Federal High Court in Lagos, against Heritage Bank, alleging that the bank breached professional conduct regarding a transaction that is the subject of a protracted disagreement.The case was filed by Kemi Pinheiro LP (SAN) at a Lagos federal high court, alleging that Heritage Bank fraudulently deducted insurance premiums from Smooth Promotions account without remitting the money to the insurance company; charged interests that were not
read more…

MC Galaxy, Duncan Mighty for Star concert in Uyo
Mon, 15 Apr 2019
MC Galaxy and Duncan Mighty will be headline a Star music concert scheduled to hold in Uyo, Akwa Ibom on April 16.MC Galaxy rose to fame after winning the David dance competition in 2012 and Duncan Mighty are very popular in the south south region.The event which starts after the Unmissable Match is expected to also usher in Easter.Aside music, fans would also be treated to various side attractions, such as watching the Spanish football icon Carles Puyol and Jay JayOkocha displaying their footba
read more…

NET Honours 2019 unveils nominees
Mon, 15 Apr 2019
Ahead of the NET Honours 2019, ID Africa Limited, organisers of the award, announced the nominees for its third NET Honours peoples choice awards last Friday.Celebrities, events and organisations that have influenced the Nigerian entertainment space will be competing for awards in 17 categories such as Most Searched Actress, Most Popular People, Most Popular Event, Most Searched Musician (Female), and Most Popular Comedian.Some personalities that made the nominee list included President Muhammad
read more…

NNPC, Seplat shop for N253b to develop gas project
Mon, 15 Apr 2019
Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company Plc are shopping for $700 million (about N253 billion) to develop their joint venture gas project in Imo State, it was gathered at the weekend.NNPC and Seplat had in August, last year, signed five agreements for the construction of the gas processing plant with an initial capacity of 300 million standard cubic feet per day of gas (mmscf/d). The agreements were meant to expedite the development of the project,
read more…

FBN Holdings posts N59.7b full-year profit
Mon, 15 Apr 2019
FBN Holdings Plc has announced N59.7 billion Profit After Tax (PAT) for the full-year ended December 31, 2018.The result released at the weekend also showed PBT also rose by 19.7 per cent from N54.5 billion in 2017 to N65.3 billion last year.However, gross earnings dipped by two per cent from N595.4 billion in 2017 to N583.5 billion in 2018 while the group is proposing a dividend per share of N0.26 for 2018 as against N0.25 paid in the previous year.The groups total assets increased by 6.3 per c
read more…

Changan Motors unveils CS75 SUV
Mon, 15 Apr 2019
Changan Motors Nigeria, has unveiled the CS75, a Sport Utility Vehicle (SUV).The introduction was on the heels of the accomplishment of the brand, unveiled three years ago.It is an upgrade of the CS35 that has won the confidence of SUV enthusiasts.Changan Motors Nigeria Head, Sales and Marketing Vijay Sengar said the company is delighted that the brand has validated the quality, aesthetics and sturdiness of Changan line of automobiles, barely three years after it was introduced in the country.At
read more…

Insurance firms capital base may rise to N15b
Mon, 15 Apr 2019
There are indications that the National Insurance Commission (NAICOM) may soon increase the capital base of insurance firms to about N15 billion, The Nation has learnt.At present, the minimum capital requirement of life insurance firms is N2 billion, non-life N3billion and composite N5 billion.Sources within the industry revealed that the commission may soon mandate insurance firms to recapitalise or merge to meet the new capital requirement.This time, the recapitalisation will be compulsory unl
read more…

IFC, Actis, others to manage over $350b assets
Mon, 15 Apr 2019
ABOUT 60 investors including International Finance Corporation (IFC), Actis AXA Investment Managers have agreed to adopt the Operating Principles for Impact Management, a market standard for impact investing, IFC Chief Executive Officer, Philippe Le Hourou, said at the weekend.IFC in a statement circulated in Washington DC at the ongoing World Bank/International Monetary Fund (IMF) Spring Meetings, Le Hourou said under the Impact Operating Principles, operators seek to generate positive impact f
read more…

AfDB okays $15m investment for Nigerias credit firm
Mon, 15 Apr 2019
The African Development Bank (AfDB) at the weekend approved $15 million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria.The bank said the investment package comprise a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market.Infra
read more…

Stamp duty charge is fraudulent, says NECA
Mon, 15 Apr 2019
Nigeria Employers Consultative Association (NECA) said the imposition of and collection of stamp duty is illegal and fraudulent.It therefore advised the Federal Government to urgently direct the Central Bank of Nigeria (CBN) and the Nigerian Postal Service (NIPOST) to respect valid court judgment and stop defrauding millions of bank customers in the name of deduction of stamp duties from their accounts.Its Director-General, Mr. Timothy Olawale, said the issue of imposing N50 stamp duty commenced
read more…

LCCI: NNPCs downstream oil sector monopoly stultifies growth
Mon, 15 Apr 2019
The Lagos Chamber of Commerce and Industry (LCCI) at the weekend expressed worry over the monopoly of the downstream oil sector by the Nigerian National Petroleum Corporation (NNPC). It said the development has stifled the growth of the sub-sector.LCCI said the state-run oil firm now solely produces and imports the petrol that runs the engine of the local economy.Its Director-General, Mr. Muda Yusuf, said it has become practically impossible for private sector marketers to import and sell produc
read more…

SAHCO to list shares on Stock Exchange
Mon, 15 Apr 2019
Following the completion of its initial public offering (IPO), Skyway Aviation Handling Company (SAHCO) Plc, will this week list its shares on the Nigerian Stock Exchange (NSE). SAHCO will be the second ground handling company to be listed at the stock market, after Nigerian Aviation Handling Company (Nahco) Plc.SAHCO had floated an IPO of 406.074 million ordinary shares of 50 kobo each at N4.65 per share. The IPO was an offer for sale, implying that the net proceeds of the IPO would go to the e
read more…

CCNN posts N5.7b net profit
Mon, 15 Apr 2019
Cement Company of Northern Nigeria (CCNN) Plc grew its net profit by 77 per cent to N5.7 billion in 2018.In its first report since the merger with Kalambaina Cement Company, CCNN turnover rose by 62 per cent to N31.7 billion. Earnings before interest, taxes, depreciation and amortization ( EBITDA) rose by 86 per cent to N7.9 billion.The top-line growth was due largely to increased domestic sales and exports. Overall, CCNN produced 0.76 million metric tonnes of cement and sold over 0.74 million m
read more…