Below are the headlines found on The Punch Online Newspaper for today, Monday, 28 August, 2017.
Mon, 28 Aug 2017
Punch Editorial Board After coming under a spell of protests, the Senate President, Bukola Saraki, has stopped receiving the monthly pension he was taking as a former governor of Kwara State. The emolument was a moral albatross on his neck for two years. He did not only stop the collection, but reportedly returned all that []
Mon, 28 Aug 2017
Alexander Okere, Benin The Edo State chapter of the All Progressives Congress has said it is awaiting legal advice from the state Attorney-General on the official vehicles attached to office of the Speaker of the House of Assembly, which a former Speaker of the House, Mrs. Elizabeth Ativie, has allegedly converted to her personal use. []
Mon, 28 Aug 2017
Tony Okafor, Awka The Peoples Democratic Party will hold primary election in Anambra State on Monday (today) to elect its governorship candidate for the November 18 poll in the state. Six aspirants are in the race; they are Oseloke Obaze; Ifeanyi Ubah; Stella Oduah; Alex Obiogolu; John Emeka; and Lynda Ikpeazu. The Chairman of the []
Mon, 28 Aug 2017
An aspirant into the Lagos State House of Assembly, Oladotun Hassan, says award of scholarships to indigent pupils will be his priority if he wins the September 16 by-election in the Eti-Osa Constituency 1. The aspirant, Oladotun Hassan, also promised to establish a trust fund that would provide interest-free loans to entrepreneurs and ensure infrastructural []
Mon, 28 Aug 2017
Governors of the South-South and South-East regions are currently meeting in Port Harcourt, the Rivers State capital. It was gathered that the governors, who converged on the platform of the South-South, South-East Governors' Forum, were meeting to discuss issues bordering on the development of their states. Some of the governors that had already been received []
Mon, 28 Aug 2017
International airfares out of Nigeria have recorded a further rise following an increase in exchange rate for ticket prices by the International Air Transport Association, OYETUNJI ABIOYE and MAUREEN IHUA-MADUENYI report The international airfares from Lagos to various destinations across the globe have recorded a further increase following the announcement of a new dollar exchange
Mon, 28 Aug 2017
Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Sunday announced that about 98 per cent of all documents involved in the sale of crude oil were fake. It cautioned unsuspecting would-be crude oil buyers to be mindful of the activities of local and international fraudsters in the oil and gas sector. Proving insights into []
Mon, 28 Aug 2017
Ifeanyi Onuba, Abuja The Bank of Industry has commenced the disbursement of loans to about 1,000 women entrepreneurs in Plateau State, with a warning to them not to divert the funds to other things not contained in the loans' terms of agreement. The loans, which ranged between N10,000 and N50,000 per beneficiary, were disbursed by []
Mon, 28 Aug 2017
Anna Okon The Nigerian Maritime Administration and Safety Agency is set to implement a new maritime security programme. The Director-General, NIMASA, Dr. Dakuku Peterside, stated this when the Shipping Association of Nigeria paid him a courtesy visit in Lagos. He informed the association that a lot of work was being done to ensure security of []
Mon, 28 Aug 2017
Nimi Akinkugbe As the holiday season draws to a close, parents must consider one of their biggest costs, the cost of education. Here are some back-to-school money tips as you prepare for the new term: Plan ahead Ideally, parents should have started planning for the school year long before now. When you shop early, you []
Mon, 28 Aug 2017
Anna Okon The European Union and Germany are collaborating with the Standards Organisation of Nigeria on a '24.5m energy efficient project. The project, which also involves the Ministry of Industry, Trade and Investment and the Ministry of Power, Works and Housing, will enable all the partners to work from all fronts to adjust imported electrical []
Mon, 28 Aug 2017
Maureen Ihua-Maduenyi The Ogun State Government says it has taken steps to enforce compliance with environmental laws by embarking on inspection tour of industries to ensure they have environment-friendly equipment including functional Effluent Treatment Plant to recycle waste water. The Ogun State Commissioner for Environment, Mr. Bolaji Oyeleye, while inspecting industries in Igbesa and Ota, []
Mon, 28 Aug 2017
Nike Popoola A personal loan is an unsecured loan as the borrower does not need a security to guarantee its repayment. Usually, personal loans have the high rate of interest. If you need cash urgently, a personal loan is the best choice for you. Generally,personal loans have an interest rate that varies, according to https://www.creditseva.com. []
Mon, 28 Aug 2017
Nike Popoola Operators in the insurance industry and the Nigerian Stock Exchange are strategising on how to improve the value of insurance stocks and attract investors to the industry. The Director-General, NSE, Oscar Onyema, who was a special guest at the eight Insurers Committee meeting held recently in Lagos, urged the operators to leverage the []
Mon, 28 Aug 2017
Maureen Ihua-Maduenyi A new scheme targeted at providing improved access to housing finance to aspiring homeowners has been unveiled by stakeholders in the industry. The scheme, known as My Own Home and domiciled with the Central Bank of Nigeria, is also expected to among other things provide awareness, education and practical tips to assist prospective []
Mon, 28 Aug 2017
Nike Popoola Legacy Pension Managers Limited has stressed the need for students to be enlightened on the relevance of the Contributory Pension Scheme. The company's Zonal Manager in Lagos office, Mr. Adewale Fagbenro, said this when the Head, Department of Finance, University of Lagos, Prof. Rufus Olowe, led some final year students on an excursion []
Mon, 28 Aug 2017
Maureen Ihua-Maduenyi Global property advisor, CBRE, said increased investor demand from both international and domestic buyers contributed to further capitalisation rate compression in the United States industrial real estate sector over the first half of 2017. Industrial remains the strongest performer out of the five sectors, given the especially robust fundamentals, record low vacancy rates, []
Mon, 28 Aug 2017
It is always better to analyse your financial position before prepaying your bank personal loan. However, in case you have decided to do so, a proper research about the prepayment procedure will help you to be prepared for any kind of bank formality, according to https://www.creditseva.com. The following are the precautions to be taken before
Mon, 28 Aug 2017
Maureen Ihua-Maduenyi Construction is set to begin on a new city in Lagos known as the Imperial International Business City, a joint venture development between Channeldrill Resources Limited and the Elegushi royal family. The city, according to its promoters, was conceived after the Lagos State Government gave approval for the expansion of Ikate Kingdom by
Mon, 28 Aug 2017
Maureen Ihua-Maduenyi The Bank of Industry under the Government Enterprise and Empowerment Programme has signed an agreement with Oxfam to disburse N200m to Oxfam's Village Saving and Loan Associations in Nassarawa, Benue and Plateau states. The money is expected to strengthen the living capacity and resilience of poor households in rural communities. According to Oxfam,
Mon, 28 Aug 2017
Oyetunji Abioye The naira closed at 370 to the United States dollar on Friday, as dollar supply from the Central Bank of Nigeria continued to wane. The local unit, which used to hover between 360 and 365 to the greenback, has been trading between 367/dollar and 370/dollar in recent weeks. The CBN appears to be
Mon, 28 Aug 2017
Stanley Opara Unity Kapital Assurance Plc, Guaranty Trust Bank and AIICO Insurance Plc emerged the top three equities traded on the floor of the Nigerian Stock Exchange this past week. Measured by volume, they accounted for 579.065 million shares worth N7.9bn traded in 1,856 deals, and contributed 37.66 per cent and 32.62 per cent to
Mon, 28 Aug 2017
Femi Asu Heritage Bank Plc has said neither its managing director nor any member of its management team is being investigated by the Economic and Financial Crimes Commission over an alleged N13bn fraud. A report on Sunday had said the EFCC was after the bank's Managing Director, Ifie Sekibo, and quoted sources at the commission
Mon, 28 Aug 2017
Ifeanyi Onuba, Abuja The Managing Director, Nigeria Export Processing Zones Authority, Mr. Emmanuel Jime, has approved the redeployment of general managers at the authority's head office. He has also made new key appointments, according to a statement on Sunday by the Head of Corporate Communications, NEPZA, Mr. Simon Imobo-Tswam. The statement said the changes were
Mon, 28 Aug 2017
Okechukwu Nnodim, Abuja The Nigerian Institute of Architects has urged regulatory bodies in the built environment to publicise findings, recommendations and sanctions against culprits after investigating the cause(s) of a building collapse. It decried situations where reports of investigations conducted on collapsed buildings were not made public. The NIA disclosed this at a briefing after
Mon, 28 Aug 2017
Tana Aiyejina Nigeria's D'Tigress on Sunday emerged the new champions of Africa, after they defeated Senegal 65-48 in the final of the 2017 Women's Afrobasket championship in Bamako, to dethrone their West African rivals of the continental title. The match was a repeat of the 2005 final, when D'Tigress defeated the Lionesses 64-57 in Abuja
Mon, 28 Aug 2017
Floyd Mayweather insisted he would head into a permanent retirement after sealing his place in boxing history with a 50th straight win against Conor McGregor on Saturday. The 40-year-old American boxer outclassed McGregor over 10 absorbing rounds at the T-Mobile Arena to defeat Irish mixed martial arts by technical knockout. The win sees Mayweather, who
Mon, 28 Aug 2017
Tana Aiyejina Nigeria have suffered a huge blow ahead of Friday's 2018 World Cup qualifier against Cameroon in Uyo after Arsenal forward Alex Iwobi withdrew from the squad with a thigh muscle strain. The 21-year-old will also miss the September 4 showdown against African champions Cameroon in Yaounde, according to the Nigeria Football Federation. Iwobi
Mon, 28 Aug 2017
Tana Aiyejina Captain Ike Diogu and five other overseas-based players on Saturday joined D'Tigers camp, as the men's national basketball team prepare for the Afrobasket 2017 scheduled for Senegal and Tunisia from September 8 to 16. The African champions are camped at the Eko Hotel and Suites but train at the indoor sports hall of
Mon, 28 Aug 2017
The Nigeria`s senior female basketball team, DTigress, defeated Senegal 65-48 to emerge as the winner of the 2017 FIBA Women's AfroBasket Championship. The final of the tournament was played on Sunday in Bamako, Mali. Details later
Mon, 28 Aug 2017
Spanish La Liga table after Sundays two early matches (played, won, drawn, lost, goals for, goals against, points): Real Sociedad 2 2 0 0 6 2 6 Barcelona 2 2 0 0 4 0 6 Leganes 2 2 0 0 2 0 6 Atletico Madrid 2 1 1 0 7 3 4 Girona 2 1
Mon, 28 Aug 2017
Henry Boyo The recent publication of the National Bureau of Statistics' survey titled, 'Corruption in Nigeria: Bribery, Public Experience and Response,' triggered extensive public conversation regarding the consolidated over N400bn bribes reportedly paid nationwide between April 2015 and May 2016. The 2017 report estimated that a total of 82.3 million bribes, with an average of
Mon, 28 Aug 2017
On the morning of Saturday, August 26, 2017, bulldozers accompanied by a horde of armed security operatives, acting on the orders of the Imo State Governor, Rochas Okorocha, stormed Eke-Ukwu Owerri Market, and forcefully evicted the traders, demolished their shops and destroyed wares worth millions of naira. Security operatives, specifically, military men from the 34
Mon, 28 Aug 2017
Eze Onyekpere This discourse starts with the categorical aphorism that a divided house, where the forces are pulling in all directions to bring it down and where there is no agreement and unanimity of purpose between its different stakeholders, cannot stand. It cannot progress nor reach the desired heights where its potential is expected to
Mon, 28 Aug 2017
Olusegun Obasanjo This gathering couldn't have come at a better time than now, when the world at large, and Africa in particular, is grappling with threats to peace and security in so many forms, degrees and dimensions. Let me attempt our theme for discussion as put in a question form: 'What are the issues and []
Mon, 28 Aug 2017
Adelani Adepegba, Abuja A car wash attendant, Sam Ogechi, has said he stole a Toyota Venza SUV belonging to his boss to raise money for his university education. The suspect, who was tracked to Ohafia, Abia State, where he fled to with the vehicle, explained that he planned to sell the SUV for N1.5m. Ogechi
Mon, 28 Aug 2017
Samson Folarin Two legal practitioners have accused policemen from the Ogun State Police Command of assault, saying they were beaten for alleged disrespect to the Ijebu Ode Police Area Commander, ACP Funsho Ajao. PUNCH Metro learnt that the victims ' Adekoya Adebayo and Sola Ajisebutu ' had gone to a bar at Molipa, in the
Mon, 28 Aug 2017
Samson Folarin The police in Lagos State have arrested two suspected members of a syndicate for allegedly hypnotising and stealing N120,000 from a food vendor, identified as Rukayat Aderinwale. The suspects' Sunday Atanda and Fausat Tijani' were arrested by men of the Rapid Response Squad on Saturday. According to a statement by the RRS, the
Mon, 28 Aug 2017
Afeez Hanafi An official of the Lagos State Task Force on Environmental and Special Offences (Enforcement) Unit, Olajide Felix, has been arrested for allegedly stealing an impounded motorcycle. PUNCH Metro learnt that Felix allegedly removed the motorcycle on the premises of the task force in Oshodi, and used it for commercial purposes. The motorcycle, a []
Mon, 28 Aug 2017
Ojoma Kizito A 40-year-old man, Kehinde Gabriel, has been arraigned before a Lagos State Magistrate's Court in Ikeja for allegedly defiling a three-year-old girl in Onaosa, in the Ibeju-Lekki area of the state. Gabriel is a native of Ogun State and neighbour of the girl's parents. PUNCH Metro learnt that the girl was going to
Mon, 28 Aug 2017
Peter Dada, Akure The Ondo State Police Command on Sunday said it had arrested three suspects in connection with the alleged kidnapping and killing of two female students of the Adeyemi College of Education, Ondo, for ritual purposes. It was gathered that the two students, Oladepo Blessing and Oluwasemilore Mary, had earlier been declared missing,
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