Below are the headlines found on The Punch Online Newspaper for today, Friday, 1st September, 2017.
Fri, 01 Sep 2017
LAWLESSNESS reigns on Nigerian roads. Evidence of this reality is provided daily on the major highways and cities. When the Lagos-Ibadan Expressway was locked down for an entire day recently, the main reason was not just the bad portions of the road, ongoing reconstruction, broken down vehicles or religious activity: it was caused by manic []
Fri, 01 Sep 2017
Ade Adesomoju, Abuja The Inspector-General of Police, Mr. Ibrahim Idris, has appealed against the judgment of the Federal High Court in Abuja which declared as illegal the Special Joint Investigation Panel which he set up to investigate crimes committed during the National Assembly re-run held in Rivers State on December 10, 2016. Justice Gabriel Kolawole []
Fri, 01 Sep 2017
Document not transmitted to state assemblies John Ameh, Abuja Works on the proposed amendments to the 1999 Constitution may be delayed further as the 36 state Houses of Assembly have yet to receive the amendments passed by the National Assembly for inclusion in the 1999 Constitution. Findings by The PUNCH on Thursday showed that 37 []
Fri, 01 Sep 2017
Tony Okafor, Awka A 35-year-old farmer, Franklyn Ndife, has emerged the governorship candidate of the Independent Democrat in the November 18 poll in Anambra State. Ndife was elected unopposed by 243 delegates who participated in the primary of the party conducted at its secretariat in Awka, the Anambra State capital, on Thursday. The Chairman of []
Fri, 01 Sep 2017
Entrepreneurs share what they do when customers tell the world they messed up. When you mess up, your customers let you know ' and thanks to social media, they let everyone know. So we asked: How do you respond to negative reviews online' Admit your mistakes 'Valentine's Day is the Super Bowl for a flower []
Fri, 01 Sep 2017
Stanley Opara The Nigerian Stock Exchange has suspended trading on the shares of Avon Crowncaps & Containers (Nigeria) Plc from August 31, 2017. The bourse gave the notice to the dealing members of the NSE in a letter signed by its Acting Head, Listings Regulation Department, Godstime Iwenekhai. The letter read in part, 'Dealing members []
Fri, 01 Sep 2017
Stanley Opara Union Bank has received approvals from the Securities and Exchange Commission to move forward on raising the N50bn tier 1 capital via rights issuance. The bank had earlier announced that it would float a N50bn rights issue in 2017, and in a statement on Thursday, said the rights issue would be opened for []
Fri, 01 Sep 2017
Maureen Ihua-Maduenyi Indications have emerged that Ethiopian Airlines may acquire Arik Air, which is currently being managed by the Asset Management Corporation of Nigeria. The Managing Director of International Services, Ethiopian Airlines, Esayas WoldeMariam, was quoted by the CNN on Thursday to have said that the airline had submitted a formal offer to take over []
Fri, 01 Sep 2017
Okechukwu Nnodim, Abuja A total of 16 hydro, gas and steam power stations recorded various degrees of reduction in the quantum of electricity they produced within a period of 24 hours. According to the latest industry data obtained from the Transmission Company of Nigeria in Abuja on Thursday, power generation in the affected stations dropped []
Fri, 01 Sep 2017
Fitch Ratings has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating at 'B+' with a negative outlook. Reuters on Thursday reported that Nigeria's ratings were supported by its large and diversified economy, significant oil reserves, its net external creditor position, low external debt service ratio and large domestic debt market. These are balanced against relatively low []
Fri, 01 Sep 2017
The Organisation of the Petroleum Exporting Countries on Thursday announced that oil output had fallen by 170,000 barrels per day from a 2017 high, a Reuters survey found, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal. A dip in supply from top two producers Saudi Arabia []
Fri, 01 Sep 2017
Oyetunji Abioye with agency report The naira is expected to extend further its gain against the United States dollar owing to weak demand and increased supply of the greenback. The local unit, which closed at 370/dollar on Monday, closed at 365/dollar on Thursday. According to analysts and foreign exchange traders, the naira is expected to []
Fri, 01 Sep 2017
The Nigeria Deposit Insurance Corporation says 46 members of staff have graduated from the Chartered Banker/Master in Business Administration Programme at Bangor University, Scotland The graduates have also earned themselves triple qualifications of MBA, Bangor University; Associate, Chartered Institute of Bankers, Scotland the oldest professional banking institute in the world and Associate, The Chartered Institute []
Fri, 01 Sep 2017
The United States companies are deterred from investing more in Nigeria by its capital controls, according to the head of a US Congressional delegation visiting Nigeria, Sen. Chris Coons of Delaware. 'Some of the currency controls that remain I think raise the question of whether foreign direct investment, if successful and profitable, will be able []
Fri, 01 Sep 2017
Heritage Bank Plc says it is supporting NatnudO Foods, a food processing company in its determination to make poultry affordable and accessible to the people. Team member, Agric Finance, Specialised Banking, Heritage Bank, Adelana Ogunjirin, said the bank decided to partner the company in order to ease the burden of poultry production in the country. []
Fri, 01 Sep 2017
Rasheed Bisiriyu and Ifeanyi Onuba The United Kingdom's Department for International Development has defended its 200m ($258m) aid budget for Nigeria, even as the Federal Government pledged to work with the British government to stimulate and attract more direct private sector investments into the country. The UK Foreign Secretary, Boris Johnson, and the Secretary of []
Fri, 01 Sep 2017
Nike Popoola Personalbanking@punchng.com As a small business owner or freelancer, you probably encounter a lot of overlap between your business finances and personal finances. On the surface, it seems simpler to just have one bank account'after all, it is a centralised place to keep tabs on client payments that come in, and personal and business []
Fri, 01 Sep 2017
Anna Okon The Director-General of the Bureau of Public Enterprise, Alex Okoh, has commended the Skyway Aviation Handling Company Limited, for maintaining a world-class facility. He said this while on a post-privatisation monitoring tour of the company. SAHCOL, which was formerly a Federal Government-owned company, was privatised a few years ago. Okoh said that the []
Fri, 01 Sep 2017
Anna Okon The Group Managing Director, Diamomd Bank Plc, Mr. Uzoma Dozie, has been confirmed as the keynote speaker at the 2017 Advertisers Association of Nigeria Marketers Day and he would be speaking on the theme 'Marketing Next'. The event, which usually concides with the association's Annual General Meeting, is scheduled to hold in Lagos []
Fri, 01 Sep 2017
Many beginning home business owners use their personal bank account to do business. However, this can cause a variety of problems. The biggest issue has to do with taxes. If you plan to take business tax deductions, the Internal Revenue Service requires that you have separate business bank account to avoid comingling of funds, according []
Fri, 01 Sep 2017
Anna Okon The Federal government has unveiled new guidelines on the revived Export Expansion Grant. The government presented the guidelines at a stakeholders' forum in Lagos on Thursday. The EEG is a post-shipment incentive introduced by the government to improve the competitiveness of Nigerian products and expand the country's volume and value of non-oil products. []
Fri, 01 Sep 2017
Anna Okon Cross River State Governor, Sen. Ben Ayade, has said that the ultra-modern rice mill currently under construction in Ogoja Local Government Area of the state will roll out its first wholly bagged rice by the end of December 2017. Ayade was quoted in a statement as saying this shortly on arrival from his []
Fri, 01 Sep 2017
The Lagos Chamber of Commerce and Industry is set to stage a world-class business exhibition and networking event to celebrate its numerous members at the 2017 Annual Members' Day. A statement from the chamber indicated that the theme of this year's celebration is 'Promoting Brand Visibility for Increased Market Reach.' It quoted the Director-General, LCCI, []
Fri, 01 Sep 2017
Anna Okon The Vice-President, Prof. Yemi Osinbajo, has inaugurated the Edo Fertiliser and Chemical Company Limited in Auchi, a public-private partnership between the Edo State Government and WACOT Limited. The facility has the capacity to produce about 60,000 metric tonnes of fertiliser per annum. The Vice-President, who was accompanied by the Ministers of Agriculture and []
Fri, 01 Sep 2017
Okechukwu Nnodim, Abuja The rate of inflation in Nigeria will decline further in August 2017's report and this will make it the seventh consecutive month that the country will witness a decrease in its Consumer Price Index, economists and financial analysts have stated in their latest report. On Monday, the National Bureau of Statistics released []
Fri, 01 Sep 2017
Babatunde Fajimi Small businesses become success stories after the first three years of start-up when entrepreneurs get hiring and retention of talents for the enterprise right. Like large corporations, employees are the sources of their competitive advantage. Talents are scarce Anybody can start a business. The real work begins when the entrepreneur wants to recruit []
Fri, 01 Sep 2017
Anna Okon The Small and Medium Enterprise Sector operators in Lagos State are being groomed and empowered by the state government to perform in the global market space. The state has been doing this through a series of funding, training and trade fairs aimed at opening the sector to more private sector investment. Governor Akinwunmi []
Fri, 01 Sep 2017
The Vice-President, Prof. Yemi Osinbajo, has described BUA's $1bn cement factory in Okpella, Edo State as a consolidation of Nigeria's self-sufficiency in cement and a big boost to the nation's export capacity. Osinbajo, who also performed the ground-breaking ceremony for the second phase of the three million metric tonnes cement capacity, restated the Buhari-led administration's []
Fri, 01 Sep 2017
The Kano State Government has targeted crop production of N721.bn. The state governor, Dr. Abdullahi Ganduje, stated this while presenting a paper titled, 'Investment Opportunities in Kano State' at the 2017 Annual General Conference of the Nigerian Bar Association in Lagos State. A statement quoted him as saying, 'Agriculture occupies a prominent position in the []
Fri, 01 Sep 2017
Olam has moved to close the demand gap for poultry feed in the country with its state-of-the-art feed mills in Kaduna and Kwara States. The firm said the facilities were designed to produce high quality feed to boost domestic production of chicken and meet consumer demand in Nigeria. Specifically, the company stated that Nigeria's current []
Fri, 01 Sep 2017
Success Nwogu, Ilorin The Chairman, Poultry Association of Nigeria, Kwara State chapter Mr. Oladapo Robinson, on Wednesday stated that Nigeria's annual demand for the poultry value chain was over N500bn. He stated that 165 million birds, 650,000 metric tonnes of eggs and 290,000 metric tonnes of meat were demanded annually. He, however, said that it []
Fri, 01 Sep 2017
Anna Okon A survey conducted by Top 50 Brands Nigeria has listed local firms and products among this year's top brands to watch. The Chief Executive Officer, Top 50 Brands Nigeria, Mr. Taiwo Oluboyede, while presenting the result of the survey to journalists in Lagos on Thursday, observed that among the 50 top brands, 25 []
Fri, 01 Sep 2017
Anna Okon A leading biscuit company, Sona Agro Allied Foods Limited, has taken students on a factory tour of its company, as part of its corporate social responsibility and efforts to raise the standard of education in Nigeria. The Students of Sparkling Minds Educentre, Lagos who were on an excursion to the company's factory at []
Fri, 01 Sep 2017
Amaju Pinnick, President of the Nigeria Football Federation, has charged the Super Eagles to approach the 2018 World Cup qualifying match against the Lions of Cameroon in Uyo with a never-say-die mentality. The match comes up on Friday at the GodswillAkpabio International Stadium, Uyo. Pinnick, in a statement released by Demola Olajire, Head of Communication, []
Fri, 01 Sep 2017
Etim Ekpimah, Uyo The Akwa Ibom State governor, Udom Emmanuel, has promised to pay the Super Eagles $10,000 for every goal the team score against Cameroon in their 2018 World Cup qualifier in Uyo on Friday. The governor also redeemed his pledge of $30,000 to the Eagles for their 3-1 win against Algeria in a []
Fri, 01 Sep 2017
Tana Aiyejina The Super Eagles play bitter rivals Cameroon on Friday in Uyo in the first of double-header qualifiers for the 2018 World Cup, as both continental giants hope to brighten their chances of qualification for the Mundial in Russia. The match kicks off at 5pm, while the reverse fixture is scheduled for September 4 []
Fri, 01 Sep 2017
Injured Daniel Apeyi has charged fellow goalkeeper Ikechukwu Ezenwa to justify his starting spot in today's World Cup qualifier against Cameroon. A relapse of a thigh injury in Eagles training forced Akpeyi to miss out on the World Cup qualifiers and hand Ezenwa his first start for the Super Eagles in a competitive game. 'Akpeyi []
Fri, 01 Sep 2017
Arsenal forward Alex Iwobi has said he is disappointed he will not feature for Nigeria in crucial World Cup qualifiers against Cameroon on account of a thigh strain he suffered in training. Nigeria welcome African champions the Indomitable Lions of Cameroon today in Uyo with a second game in Yaounde on Monday. 'Gutted I'll be []
Fri, 01 Sep 2017
Takuma Asano and Yosuke Ideguchi were on target as Japan beat Australia 2-0 at home Thursday to qualify for their sixth successive World Cup, AFP reports. Asano steered home a left-foot volley four minutes before half-time and Ideguchi sealed the victory with a stunning long-range strike after 82 minutes as Japan became the fourth team []
Fri, 01 Sep 2017
Idris Adesina Nigerian coaches Godfrey Esu and Duke Udi have advised Super Eagles coach, Gernot Rohr, to ensure that he neutralises the threat posed by Cameroon's attackers, especially the duo Vincent Aboubakar and Christian Bassogog in their Russia 2018 World Cup clash with Nigeria on Friday. Nigeria, who lost 2-0 to South Africa in their []
Fri, 01 Sep 2017
Ovie Okpare, Warri The Delta State Government on Thursday said athletes from the state would participate in 25 games in the third edition of the National Youth Games starting on September 7 in Ilorin, Kwara State. The Chairman of the State Sports Commission, Tonobok Okowa, disclosed this while briefing newsmen in Asaba, the state capital, []
Fri, 01 Sep 2017
Sponsor of the National Women's Basketball League, Zenith Bank, on Thursday received the victorious AfroBasket champions, D'Tigress, at the company's headquarters in Lagos. The Group Managing Director of Zenith Bank, Peter Amangbo, congratulated the players and officials for the feat recorded in Bamako, Mali. D'Tigress were glorious at the championship as they won all their []
Fri, 01 Sep 2017
US pop star Madonna has moved to Lisbon so her 11-year-old son David can join the youth academy at top football club Benfica, local media reported Thursday, AFP reports. 'Madonna is no longer a tourist, she now lives in Lisbon,' the weekly magazine Visao said, republishing several pictures taken from her Instagram account of the []
Fri, 01 Sep 2017
Cameroon coach Hugo Broos has said his team hope to get four points from their two World Cup qualifying matches against Nigeria so as to get their qualification for Russia 2018 back on track. Nigeria host the first leg of the qualifiers today, while the second encounter will be on Monday in Yaounde. 'We are []
Fri, 01 Sep 2017
Idris Adesina The Handball Federation of Nigeria has received an approval from the organising committee of the National Youth Games to allow for more players to be registered for the handball event of the competition. The third edition of the NYG holds in Ilorin, Kwara State from September 7 to 17. Secretary of the HFN, []
Fri, 01 Sep 2017
Punches are flying in and outside the ring at the amateur boxing world championships in Germany this week as a bitter power struggle rages for control of the historic Olympic sport. In one corner in Hamburg is Wu Ching-Kuo, the embattled Taiwanese president of ruling body the AIBA and an influential member of the International []
Fri, 01 Sep 2017
Joel Campbell will rejoin La Liga side Real Betis on loan for the coming season. The Costa Rica international enjoyed a successful loan spell with the Spanish club in 2012/13, making 28 appearances and scoring two goals. Joel spent the 2016/17 season on loan with Portuguese Primeira Liga side Sporting Lisbon where he made 18 []
Fri, 01 Sep 2017
Barcelona right-back Douglas will spend the rest of the season on loan at Portuguese giants Benfica, Barca announced on Thursday. The 27-year-old Brazilian has made just eight appearances for the Catalans since joining from Sao Paulo in 2014 and spent last season also on loan at Sporting Gijon. Douglas will help replace Nelson Semedo, who []
Fri, 01 Sep 2017
Friday Musings with Ayo Olukotun, ayo_olukotun@yahoo.com 'I must confess that government has not fulfilled its own part of the bargain. Although we are unhappy that ASUU went on strike without fulfilling due process and giving us good notice, we realised that we promised something and did not fulfil it' 'Mallam Adamu Adamu, Minister of Education, []
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