Below are the headlines found on The Punch Online Newspaper for today, Thursday, 14 September, 2017.
Thu, 14 Sep 2017
THE annulment of last month's presidential election in Kenya by its Supreme Court has set a new standard for the judiciary in Africa. In a continent where such decisions are more likely to be influenced by political expediency than legal sagacity, the annulment is a breath of fresh air, and a paradigm shift that encapsulates []
Thu, 14 Sep 2017
Stanley Opara Food/beverage stocks soared by 1.14 per cent on Wednesday, thus emerged the top-performing stocks as the Nigerian Stock Exchange capitalisation appreciated by N23bn. The NSE sector performance showed that the banking and insurance indices also appreciated by 0.22 per cent and 0.46 per cent, respectively. The industrial goods and oil/gas sectors recorded declines []
Thu, 14 Sep 2017
Nike Popoola Saham Unitrust Insurance Nigeria Limited said the firm expanded its business operations and recorded N429.9m underwriting profit in the 2016 financial period. The company's net claims expenses also stood at N355.2m at the end of 2016, which it noted as attesting to its ability to respond to claims emanating from its policyholders. A []
Thu, 14 Sep 2017
South Africa's rand slipped to its weakest in three weeks on Wednesday as traders opted to bank small profits from the currency's dip below a crucial technical mark with creeping concerns about credit downgrades souring sentiment. By 1538 GMT the rand had weakened 1.27 per cent to 13.1700 per dollar, touch improved after sliding as []
Thu, 14 Sep 2017
Stanley Opara Sovereign Trust Insurance Plc says its special business for the company's 22nd Annual General Meeting slated for September 21, 2017, will focus on increasing the authorised share capital of the company from N5.5bn to N7.5bn. This, it noted, would happen by the creation of 4,000,000,000 ordinary shares of 50 kobo each ranking pari []
Thu, 14 Sep 2017
Everest Amaefule, Abuja The Federal Government and Julius Berger Plc on Wednesday signed a N120bn agreement for the construction of the Bonny Road in Bayelsa State. While the Federal Government will provide N60bn for the project, the Nigerian Liquefied Natural Gas will provide the balance. At the signing ceremony, the Minister of Power, Works and []
Thu, 14 Sep 2017
Oyetunji Abioye The naira weakened to 367 per United States dollar at the parallel market on Wednesday, after closing flat at 365/dollar in the past one week. This was despite a $250m injection into the foreign exchange market by the Central Bank of Nigeria on Monday. A breakdown of Monday's intervention indicated that the wholesale []
Thu, 14 Sep 2017
Nike Popoola Leadway Assurance has reiterated its resolve to provide insurance protection for practising lawyers who are members of the Nigerian Bar Association. According to a statement, Leadway said this during the Nigerian Bar Association's general conference with the theme, 'African business: penetrating through institution building' in Lagos. Leadway Assurance stated that it deployed its []
Thu, 14 Sep 2017
Feyisayo Popoola The management of Ibadan Electricity Distribution Company has said the current power outage being experienced by communities in Osogbo and Ikirun in Osun State, under the Oluode 11KV and Ipetu Ile 11KV feeders, is due to critical safety issues that have arisen on the power lines servicing these areas. The IBEDC in a []
Thu, 14 Sep 2017
Everest Amaefule and Feyisayo Popoola The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, according to the Group Managing Director, Dr. Maikanti Baru, has said. Baru, who said this on the sidelines of the inaugural Nigerian Pipeline Security Conference and Exhibition, stated that the purpose of the closure of the []
Thu, 14 Sep 2017
The Federal Government, through the Ministry of Finance and the Office of the Accountant-General of the Federation, has commended the Nigerian Maritime Administration and Safety Agency for its revenue performance in the past one year. The Minister of Finance, Mrs. Kemi Adeosun, who disclosed this at a workshop in Abuja on compliance with the Fiscal []
Thu, 14 Sep 2017
Femi Asu The Benin Electricity Distribution Plc has announced the signing of a Memorandum of Understanding with Thames Energy Limited and the Delta State Government on the construction of a 20 megawatts power plant in the area. The BEDC said in a statement that the initiative was aimed at ensuring that over 200 commercial entities []
Thu, 14 Sep 2017
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has donated a portable motorised milking machine to FrieslandCampina WAMCO, while lauding the company as the biggest investor in Nigeria's dairy sector. The machine has a capacity to milk 50 cows a day. Ogbeh made the symbolic donation while declaring open the National Livestock Conference []
Thu, 14 Sep 2017
Maureen Ihua-Maduenyi Ex-workers of the defunct Nigeria Airways on Wednesday protested against the delay in the disbursement of their N78bn severance package. The protest began as early as 7am at the Murtala Muhammed Airport, Lagos with over 1,000 ex-workers of the defunct carrier. According to the workers, the funds have been approved for over a []
Thu, 14 Sep 2017
Chevron Nigeria Limited, the operator of the Nigerian National Petroleum Corporation/CNL Joint Venture, said it had completed a 12-month on-the-job training for seven Nigerian graduates at its office and field locations. The oil major said in a statement that a total of 14 graduates had benefitted from its internship programme since 2015, adding that the []
Thu, 14 Sep 2017
Nigeria and several other West African states are not expected to implement rules banning imports of sulphur-heavy fuels until December 1 at the earliest after missing summer deadlines, drawing the ire of health campaigners pushing for cleaner air. Nigeria, Togo, Ivory Coast and Benin promised in late 2016 to ban the use of fuel packed []
Thu, 14 Sep 2017
Femi Asu One of the joint venture partners in Aje field, offshore Lagos, said there was no oil lifting from the field in the second quarter of this year. Panoro Energy said in its half year and second quarter reports 2017 that its oil and gas revenue in the period was zero, compared to the []
Thu, 14 Sep 2017
Anna Okon Clearing agents have sought a better understanding of the directive on the Voluntary Asset and Income Declaration Scheme, saying that the government needs to spell it out to ensure that it is not a veiled attempt at double taxation. The VAIDS is an initiative designed to encourage voluntary disclosure of previously unrevealed assets []
Thu, 14 Sep 2017
The Chairman, Petroleum Downstream Committee, House of Representatives, Mr. Joseph Akinlaja, has commended Nipco Plc for its recent acquisition of ExxonMobil's 60 per cent equity in Mobil Oil Nigeria Plc. Akinkaja, according to a statement from Nipco, disclosed this during an oversight visit to the company in Lagos. He was quoted as describing the company's []
Thu, 14 Sep 2017
Online banking gives you the ability to manage your money online ' over the Internet, using your computer or mobile device ' instead of visiting a bank branch, according to www.thebalance.com Besides saving trips to the branch, you can view account balances, move money between accounts, and much more. In fact, you can probably accomplish []
Thu, 14 Sep 2017
Feyisayo Popoola The Nigerian Agip Exploration Limited and Shell Nigeria Exploration and Production Company have set plans in motion for in-country fabrication and integration of over 50 per cent of their projects' Floating, Production, Storage and Offloading Vessels. The projects are the Zabazaba deepwater project being executed by the NAE in partnership with SNEPCo on []
Thu, 14 Sep 2017
Okechukwu Nnodim, Abuja A N7m solar-powered borehole has been inaugurated in the Daki Biyu community of Jabi District, Abuja by the Nigeria National Polio Plus Committee of Rotary Club. According to the club, the idea of a solar-powered borehole is due to electricity supply issues witnessed across the country, adding that with the sun as []
Thu, 14 Sep 2017
Ife Ogunfuwa Three months after the executive order to ease business activities in the country was issued to all government agencies including those operating in the Nigerian ports, exporters still await full operation of the specialised export terminal for agricultural products. To ease the exportation of both perishable and non-perishable agricultural produce, the Federal Government []
Thu, 14 Sep 2017
Idris Adesina Cameroon forward Benoit Mbala has said they will rely on teamwork to beat Nigeria's D'Tigers in their quarter-final clash in the 2017 FIBA Africa Championship in Senegal and Tunisia in Tunis on Thursday. To reach the stage, D'Tigers finished top of Group A on specific points difference while Cameroon were second in Group []
Thu, 14 Sep 2017
Idris Adesina Nigeria para-powerlifters are missing from the latest World Para-powerlifting rankings after they failed to take part in any international competitions this year. The rankings, which were released on Wednesday, featured over 500 lifters all over the world. In the men's 49kg, Yakubu Adesokan, who was world number one after the Rio 2016 Paralympics, []
Thu, 14 Sep 2017
Nigeria midfielder Ogenyi Onazi is still targeting a move to England in the January window after his move to Birmingham City failed to materialise during the summer transfer market. The 24-year-old, who plays for Turkish club Trabzonspor, was denied a work permit to play for the English Championship side. 'Every disappointment is a blessing. I'm []
Thu, 14 Sep 2017
President of the Nigerian Modern Pentathlon Federation, Chief Jonathan Nnaji, says the body needs N75m to successfully host the Youth Olympic Games qualifiers and the Senior African Championships from December 4 to 11 in Lagos. Nnaji, who is also the vice-chairman of the Local Organising Committee for the event, revealed this in Lagos on Wednesday []
Thu, 14 Sep 2017
The Nigeria Football Federation on Wednesday organised a charity match between Lobi Stars and Nasarawa United in Makurdi in honour of the victims of the recent flooding that displaced many people in the Benue State capital. The match, which was played on Wednesday, ended 1-1. Chairman of the NFF Media and Publicity Committee, Suleiman Yahaya-Kwande; []
Thu, 14 Sep 2017
Premier League powerhouse Enyimba will play their home matches in Aba next season after the completion of the renovation of the Enyimba Stadium. The contractor handling the project Monimichelle confirmed on Wednesday that the stadium would be ready before the beginning of the new season. Enyimba were forced to play their Premier League games at []
Thu, 14 Sep 2017
Falconets coach Christopher Danjuma has ruled out the possibility of his team losing to minnows Tanzania in their France 2018 FIFA Under-20 Women's World Cup qualifier in Benin on Saturday. Danjuma, who spoke with the News Agency of Nigeria on Wednesday in Benin, said the team were mentally and physically prepared to face the East []
Thu, 14 Sep 2017
Success Nwogu, Ilorin The Assistant Secretary, Nigerian Boxing Federation, Olalekan Fash, on Wednesday said 54 boxers are competing in the ongoing third edition of National Youth Games in Ilorin. He said the young boxers discovered during the competition would take over from the ageing national fighters. Fash said, 'The competition is being organised to get []
Thu, 14 Sep 2017
Festus Abu The Ogun State Government on Wednesday ejected traders from the MKO Abiola Stadium in Abeokuta. The stadium had reportedly been converted into a sex hotspot with fun-seekers thronging the complex at weekends to wind down. Teenage prostitutes were said to have taken advantage of the development to do brisk trade, with men paying []
Thu, 14 Sep 2017
Cristiano Ronaldo wasted no time in showing Real Madrid what they have been missing during his five-game domestic suspension, by scoring twice as the holders began their Champions League defence with a routine 3-0 win over APOEL Nicosia on Wednesday. Ronaldo, banned for pushing a referee after being sent off in the first leg of []
Thu, 14 Sep 2017
Harry Kane banished Tottenhams Wembley curse as the England strikers double sealed a 3-1 win over Borussia Dortmund in their Champions League opener on Wednesday. With White Hart Lane being redeveloped, Tottenham are playing their home matches at the English national stadium this season and that had been bad news for Mauricio Pochettinos side. Already []
Thu, 14 Sep 2017
UEFA Champions League group stage results on Wednesday: Group E At Maribor, Slovenia Maribor (SLO) 1 (Bohar 85) Spartak Moscow (RUS) 1 (Samedov 59) At Liverpool, England Liverpool (ENG) 2 (Firmino 21, Salah 37) Sevilla (ESP) 2 (Ben Yedder 5, Correa 72) Group F At Rotterdam, Netherlands Feyenoord (NED) 0 Manchester City (ENG) 4 (Stones []
Thu, 14 Sep 2017
Kenneth Amaeshi The Nigerian constitution reposes a lot of powers on the office of the President. For the most part, the incumbent rightly exercises these powers powerfully and seamlessly. At other times, the office encounters challenges, confrontations, and contestations in exercising these rights. The latter scenario usually attracts divergent views as to the propriety or []
Thu, 14 Sep 2017
Let me tell you today that if Baba said he is going to contest in 2019, I swear to Allah, I will go before him and kneel and tell him that, 'Baba, I am grateful for the opportunity you gave me to serve your government as a minister but Baba, just like you know, I []
Thu, 14 Sep 2017
Three things intrigue me about Nigerian politicians. The first is their unending capacity for deception. First deception on the people, which ultimately tails in uncanny self-delusion.That kind of thing in which people tell themselves so much lies, get so used to it and willingly substitute it for the truth. The second is the failure and []
Thu, 14 Sep 2017
Samson Folarin Two suspected cult members in Ogun State say they sell human hands for N5,000 each to raise funds for their operations. The men, Oluwaseun Odueh, aka Cleff; and Wasiu Adejumo, aka Bomber, both members of the Eiye Confraternity, were arrested by operatives of the Zonal Intervention Squad in the Ibogun area of the []
Thu, 14 Sep 2017
Samson Folarin A businessman, Oladimeji Isiaka, has gone bankrupt after losing about N25m to suspected fraudsters who defrauded him under the pretext of curing his headache. PUNCH Metro learnt that Isiaka, who lived in the Sango Ota area of Ogun State, sold his house and five cars to raise the money. However, after realising that []
Thu, 14 Sep 2017
Etim Ekpimah, Uyo A four-man armed robbery gang has attacked a Zenith Bank customer and stole an undisclosed sum of money he reportedly withdrawn. Eyewitnesses told our correspondent that the incident, which occurred at the bank's branch along Oron Road, Uyo, Akwa Ibom State, around 3.15pm on Wednesday, led to many customers and passersby scampering []
Thu, 14 Sep 2017
Tunde Ajaja and Chidiebube Okeoma A socio-political organisation in Imo State, Imo Network Group, has described as insensitive the claim by the state Governor, Rochas Okorocha, that no life was lost during the demolition of the Eke-Ukwu Market in Owerri, the state capital. While condemning the demolition, the group, which said one of its core []
Thu, 14 Sep 2017
The Ondo State Governor, Rotimi Akeredolu, says it is not true that five delegates to the second meeting of the National Council on Niger Delta died in an auto accident on Tuesday. Eyewitnesses had told journalists that five persons lost their lives in the accident on the Okitipupa-Ore Road. In a statement on Wednesday, the []
No comments