Below are the headlines found on The Punch Online Newspaper for today, Tuesday, 29 August, 2017.
Tue, 29 Aug 2017
Idris Adesina Basketball coaches, Sani Ahmed and Scott Nnaji, have said the victory of Nigeria's women's basketball team at the FIBA Africa Championship for Women on Sunday in Mali has confirmed the country's dominance of the sport in Africa. Nigeria won their third Afrobasket women title on Sunday after beating former champions Senegal 65-48. The []
Tue, 29 Aug 2017
Ozioma Ubabukoh The Managing Director, MultiChoice Nigeria, Mr. John Ugbe, has said that the objective of the digital migration is not for people to pay for television but to make broadcasting, as a public service, more vibrant. He said that a good example of the practice was the National Geographic channel, saying, 'There are no []
Tue, 29 Aug 2017
Stanley Opara The Nigerian equities market recorded 31 laggards at the close of trading on the floor of the Nigerian Stock Exchange on Monday, as the NSE All-Share Index declined by 0.9 per cent. It started the week in the red, as the year-to-date return fell to 35.14 per cent. A total of 11 gainers []
Tue, 29 Aug 2017
Stanley Opara In a notice of delay in the release of its audited 2017 half-year results to the Nigerian Stock Exchange, Stanbic IBTC says it is awaiting the approval of the Central Bank of Nigeria; hence the delay. The financial organisation, in the statement, informed the NSE as well as other stakeholders that 'we are []
Tue, 29 Aug 2017
Stanley Opara Oando Plc on Monday said two petitions written against it alleging gross abuse of corporate governance and financial mismanagement lacked merit. It, however, confirmed that the Securities and Exchange Commission had since commenced an enquiry into the allegations. It stated, 'The company's position remains that these petitions have no merit as the issues []
Tue, 29 Aug 2017
The Minister of Science and Technology, Dr. Ogbannaya Onu, on Monday in Lagos inaugurated a N500m Tier 3 Data Centre to support the activities of the Nigeria Stock Exchange. He said that the centre had the potential to help the NSE compete favourably with some of best exchanges in the world, if performed well. Onu []
Tue, 29 Aug 2017
Okechukwu Nnodim, Abuja Nigeria can save up to $5.6bn annually if it digitally transforms and integrates the information and communications systems of its public sector, university dons, as well as Information and Technology, experts have said. In their latest research work, the IT experts outlined the benefits of a digitally transformed public sector and particularly []
Tue, 29 Aug 2017
The Central Bank of Nigeria has again intervened in the inter-bank foreign exchange market to the tune of $250m. According to the News Agency Nigeria report, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, said the apex bank also sold $100m and uplifted the Small and Medium Enterprises and invisible segments, with $85m []
Tue, 29 Aug 2017
At least 22,000 farmers in Kebbi State are to benefit from the Central Bank of Nigeria's Anchor Borrowers Programme aimed at increasing the cultivation of rice in the country. The loan, which was anchored under the Nigeria Incentive-base Risk Sharing System for Agriculture Lending, would be disbursed to the beneficiaries by Sterling Bank Plc. Speaking []
Tue, 29 Aug 2017
The Nigeria Deposit Insurance Corporation is organising a five-day capacity building programme for senior officials of the Ghana Deposit Protection Corporation, as part of the agency's efforts to assist countries in the West African sub region to comprehend the relevance of the Deposit Insurance System in ensuring financial system stability. According to a statement by []
Tue, 29 Aug 2017
Nike Popoola Royal Exchange Plc said its profit after tax rose by 19 per cent from N171.14m in the half year of 2016 to N203.3m in the corresponding period of this year. A statement obtained from the firm said its gross written premium rose by 11 per cent to N9.37bn in the period under review []
Tue, 29 Aug 2017
Everest Amaefule, Abuja The Federal Government withdrew the sum of N359.39bn from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015, the Fiscal Responsibility Commission has said. The FRC said this in a report on the Excess Crude Account obtained by our correspondent in Abuja on Monday. According []
Tue, 29 Aug 2017
Ifeanyi Onuba, Abuja The National Bureau of Statistics on Monday released the Consumer Price Index, which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in July. It, however, said the food prices continued to soar as it rose to 20.28 per cent in July, the highest []
Tue, 29 Aug 2017
Anna Okon The Nigeria Customs Service, Federal Operations Unit, Zone 'A', announced on Monday that it made a number of seizures amounting to over N783m between August 9 and 25, 2017. The Controller of the zone, Mohammed Garba, disclosed this while conducting journalists round the command's warehouses where the seized items were kept. According to []
Tue, 29 Aug 2017
Your bank account is one of the most important things to understand about your personal finances. Without a bank account, it is difficult to be paid a salary or to budget effectively. You need to know the essentials of what makes your bank account work and tips and tricks to managing your account effectively. If []
Tue, 29 Aug 2017
Abiodun Doherty The landlord and tenant relationship is one of those with several dynamics that can make them good or turn the relationship sour. Each of the parties in this relationship has different perception on issues and this can negatively affect the relationship. Clarifying expectations both ways is definitely one of the things that can []
Tue, 29 Aug 2017
You can often make a pretty good meal, or two or three, out of leftovers. Have you ever turned leftovers from several prior days' meals into a soup or stew' Or turned Thanksgiving feast leftovers into a night of sandwiches and another night of open-faced turkey sandwiches with gravy' Presentations leave leftovers on the table, []
Tue, 29 Aug 2017
The United States' latest report on the state of the anti-terror war in Nigeria bears a strikingly true reflection of the current situation in the country, though the focus was on last year. It is a story of the resurgence of a deadly group that was once driven to the fringes, but is now bouncing []
Tue, 29 Aug 2017
Olufemi Atoyebi, Ibadan The second edition of the Portland Trail Blazers forward, Al-Faruq Aminu's basketball clinic was held at the Obafemi Awolowo Stadium, Ibadan with over 100 boys taking part at the weekend. The Special Assistant to Governor Abiola Ajimobi on Public Affairs, Deji Aboderin, and the Chief Executive Officer of the Kakanfo Inn and []
Tue, 29 Aug 2017
Olalekan Adetayo, Abuja President Muhammadu Buhari on Monday congratulated the national women's basketball team, D' Tigress, on winning the 2017 FIBA Women's Afrobasket tournament in Mali and qualifying for the 2018 FIBA Women's Basketball World Cup in Spain. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, in a statement said []
Tue, 29 Aug 2017
Idris Adesina Nigerian wrestlers to the 2017 World Wrestling Championships arrived in the country from Paris, France, on Monday unheralded. The team of six wrestlers and two coaches, who went through torrid times before making it to the competition, arrived at the Murtala Mohammed International Airport in Lagos. The team returned with a silver medal []
Tue, 29 Aug 2017
Tana Aiyejina Factional President of the Nigeria Basketball Federation, Tijani Umar, has sent a congratulatory message to the officials and players of D'Tigress for winning a third Afrobasket Championship title in Bamako, Mali, on Sunday. D'Tigress defeated their Senegalese counterparts 65-48 to win the title and also qualify for the 2018 Women's World Cup in []
Tue, 29 Aug 2017
Olufemi Atoyebi, Ibadan Team Civil Defence at the weekend at the Lekan Salami Stadium tennis court, Ibadan, recorded their first win of the season in the ongoing NCC Tennis League, beating Team Oluyole 7-0. The team had earlier lost their season opener to Team Muller of Lagos but bounced back to punish the hosts to []
Tue, 29 Aug 2017
Maria Sharapova won the first set 6-4 against second seed Simona Halep in the US Open first round on Monday as the Russian plays her first Grand Slam since a doping ban ended. The five-time major winner and former world number one was hit by a 15-month suspension after failing a drugs test at the []
Tue, 29 Aug 2017
Monaco have completed a deal to sign Montenegro striker Stevan Jovetic and are set to wrap up the transfer of Belgium midfielder Leander Dendoncker from Anderlecht, sources told AFP on Monday. The 27-year-old Montenegro captain Jovetic, who had a spell on loan at Sevilla last season from Inter Milan, is set to take the number []
Tue, 29 Aug 2017
The recent controversy over admission cut-off to tertiary institutions in the country would have been unnecessary had the management of the Joint Admissions and Matriculation Board stayed off the admission process completely and concentrated on conducting the Unified Tertiary Matriculation Examination. Its business would have ended with the dissemination of the results to the admissions []
Tue, 29 Aug 2017
Tayo Oke drtayooke@gmail.com Financial crime prosecution in Nigeria has been and is being hampered by the war of attrition between the Senate, which refuses to confirm Mr. Ibrahim Magu's nomination as the substantive Chairman of the Economic and Financial Crimes Commission, and President Muhammadu Buhari, who refuses to back down. Meanwhile, the President's legal advisers, []
Tue, 29 Aug 2017
Olusegun Obasanjo Continued from Monday Granted that the traditional arrangements for peace and security have been situated in the balance of power and collective security architectures, the post-Cold War era brought to the fore other realities. Today, Cold Peace has replaced Cold War. Competition has become fiercer than ever before. Economic survival, environmental issues, religious []
Tue, 29 Aug 2017
Samuel Awoyinfa, Abeokuta The Ogun State Police Command has arrested a 33-year-old farmer, Azeez Kelani, for allegedly hacking his colleague, David Adima, to death after stealing his crop. PUNCH Metro learnt that Kelani had gone to Adima's farm at Sojuolu village, Ibogun, in the Ewekoro Local Government Area of the state to steal some tubers []
Tue, 29 Aug 2017
Afeez Hanafi The Lagos State Government has rejected a report submitted by the management of the Ikorodu General Hospital on the circumstances surrounding the death of a sick two-year-old boy, Christopher Mike-Ozugha. This is just as the hospital invited the boy's parents for a meeting on the incident. The meeting, it was learnt, would hold []
Tue, 29 Aug 2017
Chukwudi Akasike A suspected cannibal and member of a kidnap gang, Roland Peter, has been arrested by the police in Rivers State for killing, beheading and using liver and intestines of his victim to prepare pepper soup. The suspect was said to be among the kidnappers that abducted, killed and beheaded one Pastor Samuel Okpara []
Tue, 29 Aug 2017
Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission has arrested one Chinedu Nwosu for allegedly defrauding a Taiwanese businesswoman of $1.2m It was learnt that Nwosu was arrested following a petition by the Taiwanese, Ivy Hung, in which she alleged that the suspect defrauded her company, Pollen Corporation, of the said sum. In a []
Tue, 29 Aug 2017
Chidiebube Okeoma, Owerri The Imo State Police Command says it has commenced investigations into the death of 10-year-old Somtochukwu Ibeanusi, who was allegedly killed by soldiers. Somtochukwu was shot dead on Saturday during the controversial demolition of the Owerri Main Market. The father of the deceased, Isaiah Ibeanusi, had accused soldiers from the 34 Artillery []
Tue, 29 Aug 2017
Peter Dada, Akure No fewer than four travellers were reportedly abducted by some gunmen on Monday on the Owo-Ikare Expressway, in the Ose/Oba area of Ondo State. PUNCH Metro learnt that the victims were travelling from Ikare, the headquarters of the Akoko North-East Local Government Area of the state, to Akure when the hoodlums stopped []
Tue, 29 Aug 2017
An ex-convict, Abdullahi Sadiq, has been arrested for alleged burglary and theft by the police in Katsina State. Sadiq, aka Baba Razor, was said to have been sentenced to death by a Katsina State High Court for a crime he committed at a plaza. The sentence was later commuted to life imprisonment and he was []
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