Below are the headlines found on The Punch Online Newspaper for today, Friday, 22 September, 2017.
Fri, 22 Sep 2017
SOCIAL deviancy has become an indelible part of Nigerian society. In Lagos State, domestic violence features prominently on the long list of anti-social behaviour. The latest official report, which covers the early months of 2017, reflects a disturbing spectre of violence within family circles. In particular, violence by women on men spiked considerably in the []
Fri, 22 Sep 2017
Paying for your expenses was likely a struggle before you got laid off or fired. Now that you are out of a job, affording even the bare necessities is something you are not sure you can do. It is the uncertainty of not having a regular income that is the most stressful for those who []
Fri, 22 Sep 2017
Oyetunji Abioye with agency report A Central Bank of Nigeria requirement that companies back forward dollar purchases with naira is drying up supplies of the local currency. The development has helped to underpin a 2.1 per cent gain since the naira fell to a record low against the greenback on August 9. Also, an increase []
Fri, 22 Sep 2017
Author of Practical Steps to Financial Independence and personal finance coach, USIERE UKO, writes about raising your standard of living beyond your ability to sustain with your passive income. Anytime your earned income goes up, you have two options ' raise your standard of living or increase your savings and investment. You can also do []
Fri, 22 Sep 2017
Oyetunji Abioye Personalbanking@punchng.com Almost everyone now is big fan of digital banking. Banking digitally is a positive change from the way banking and banking transactions were carried out in the past. Most bank customers like the way it has changed their life for the better. They like the way it has given them new freedom []
Fri, 22 Sep 2017
Okechukwu Nnodim, Abuja Electricity generation companies currently owe Deposit Money Banks a total of N356bn, while the power sector lost over N500bn revenue in 2016 alone. Also, 50 per cent of the total quantum of electricity being generated across the country is lost as a result of poor distribution network in the system, and power []
Fri, 22 Sep 2017
Food and beverage company, Ashmina Limited, manufacturer of Aquadana bottled water, has said that it has been presented with the NIS ISO 9001:2015 certificate by the Standards Organisation of Nigeria in recognition of its quality management standards. According to the firm, it is the first food and beverage company to get certified with the highest []
Fri, 22 Sep 2017
Oyetunji Abioye The naira is expected to trade little change against the United States dollar next week as investors await the Central Bank of Nigeria's Monetary Policy Committee decision on interest rate on Tuesday. After its two-day bi-monthly meeting held on Monday and Tuesday, the CBN Governor, Mr. Godwin Emefiele, said the committee would announce []
Fri, 22 Sep 2017
First Bank of Nigeria Limited has announced that its customer has won the grand prize of the just concluded Western Union Mega Promo. The promo took place between July 24 and August 31, 2017, the lender said in a statement on Thursday. The customer, Gabriel Osikoya, was presented with one of the brand new Hyundai []
Fri, 22 Sep 2017
Anna Okon The Data Analyst and Farmer Satisfaction Representative, Amo Group of Companies, Mr. Alaba Yunusa, has said that 70 per cent of the chicken consumed in Nigeria is imported. He made the statement while guiding journalists round some facilities belonging to Amo Byng, Amo Farm Sieberer Hatchery Limited and natnudO Foods in Oyo State. []
Fri, 22 Sep 2017
Nike Popoola The Commissioner for Insurance, Alhaji Mohammed Kari, has said that the National Insurance Commission has refused to issue new operational licences to insurance firms because it is better for the industry to embrace consolidation than to start new companies. Kari spoke during the Annual Insurance Professional Forum of the Chartered Insurance Institute of []
Fri, 22 Sep 2017
Union Bank of Nigeria Plc says it has unveiled 14 newly upgraded branches across the country. The upgraded branches, which are spread across seven states of the nation including Enugu, Oyo, Kaduna, Kogi, Delta, Benue, Lagos and Abuja, were unveiled at ceremonies attended by the bank's customers, stakeholders and local community leaders. The recent development []
Fri, 22 Sep 2017
Stanley Opara The Nigerian Stock Exchange market capitalisation declined by N6bn on Thursday following a major decline in the performance of Dangote Cement Plc stocks. The NSE capitalisation fell to N12.130tn from N12.136tn as the All-Share Index closed at 35,188.97 basis points from 35,207.89 basis points. A total of 429.224 million shares valued at N8.68bn []
Fri, 22 Sep 2017
Anna Okon The National Agency for Food and Drug Administration and Control said it arrested a local manufacturing firm operating with a fake version of its registration documents. The Acting Director General, NAFDAC, Mrs. Yetunde Oni, announced this on Thursday in Lagos while briefing journalists about the enforcement activities of the agency in the last []
Fri, 22 Sep 2017
Google has announced a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1bn. According to The Guardian, the deal will not involve the purchase of a direct stake and HTC will continue to run its remaining Smartphone business. Google has sought to beef up its hardware capability with deals and []
Fri, 22 Sep 2017
Leke Baiyewu, Abuja Leadership of the Senate on Thursday met with officials of the World Bank on how to ensure proper utilisation of loans obtained by state government from the global lender. The Majority Leader of the Senate, Senator Ahmad Lawan, after emerging from the closed-door meeting, told journalists that the World Bank was interested []
Fri, 22 Sep 2017
Femi Asu The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has urged state governments to set up small teams with audit capacities to verify debts allegedly owed by them and their local governments, and develop a payment plan that can be budgeted for. Fashola, who gave the advice on Thursday in Jos, Plateau []
Fri, 22 Sep 2017
Ifeanyi Onuba, Abuja the Bank of Industry has disbursed loans in excess of N47bn to support the Micro, Small and Medium-scale Enterprises in Kaduna State. The Managing Director of the bank, Mr. Olukayode Pitan, said this on Tuesday at a meeting with the Kaduna State Governor, Mallam Nasir el-Rufai. He added that the loan facility []
Fri, 22 Sep 2017
Anna Okon Honeywell Flour Mills Plc has donated products and other relief materials to flood victims in Benue State. The Managing Director, Honeywell Plc, Mr. Lanre Jaiyeola, said that the gesture was in line with the company's corporate social responsibility philosophy. Jaiyeola, who was represented by the company's North-Central Zonal Sales Manager, Mr. Fredrick Nwanti, []
Fri, 22 Sep 2017
Anna Okon A better way of positioning Nigeria for global perception will form part of the deliberations during the 2017 national brand conference organised by Brandzone in collaboration with Prof. Pat Utomi's Centre for Values in Leadership. The two-day conference with the theme, 'Branding: A Catalyst for Development and Growth' is scheduled to hold in []
Fri, 22 Sep 2017
Keystone Bank Limited has introduced a new number for customer support. The lender said in a statement on Thursday that the new service number, which was launched earlier this month, was in line with its goal to provide quality service to all its customers. According to the lender, the number, tagged SMART number, eliminates the []
Fri, 22 Sep 2017
Ifeanyi Onuba, Abuja President Muhammadu Buhari has called on the National Assembly to speedily pass the Audit Bill into law to enhance transparency and accountability across all the Ministries, Departments and Agencies of the Federal Government. He made the called in Abuja on Thursday during the launch of the 2017-2022 strategic development plan of the []
Fri, 22 Sep 2017
Anna Okon Experts and stakeholders have proposed the deployment of venture capital funding to groom more entrepreneurs in Nigeria. Venture capital is financing that investors provide to start-up companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks and other financial institutions.A former President []
Fri, 22 Sep 2017
Maureen Ihua-Maduenyi Suru Worldwide Ventures Limited, operators of Best Western Hotel in Ikeja, Lagos, has said that the Asset Management Corporation of Nigeria has no court order to take over its assets. The Group Managing Director, Suru Worldwide Ventures, Edward Akinlade, told journalists on Thursday that AMCON's attempt to seal off the facility over alleged []
Fri, 22 Sep 2017
Ecobank Transnational Incorporated Plc has unveiled Xpress Cash service to address the needs of the unbanked and the general populace. The lender said it was aiming to transform a mobile phone into an all-in-one bank account and payment/cash withdrawal tool. The Xpress Cash functionality, it said in a statement on Thursday, had been introduced as []
Fri, 22 Sep 2017
Ifeanyi Onuba, Abuja The Federal Government on Thursday inaugurated an 11-man committee to address the regulatory issues raised by the Airlines Operators of Nigeria. The Minister of State for Aviation, Hadi Sirika, inaugurated the committee in Abuja. He said the committee headed by him, with membership from aviation agencies, had three mandates. According to him, []
Fri, 22 Sep 2017
Stanley Opara The FMDQ OTC Securities Exchange has welcomed the N50bn commercial paper programme registration of Wema Bank Plc to its platform. The CP programme registration strategically positions Wema Bank to quickly raise short-term finance from the debt market at a time in the future it determines suitable, through the CP issues, within the CP []
Fri, 22 Sep 2017
Stanley Opara There are strong indications that the Nigerian Stock Exchange's upcoming 56th Annual General Meeting will be a pivotal meeting given that its current President of Council, Mr. Aigboje Aig-Imokhuede, will be rounding off his tenure. In the published notice of the AGM, the bourse listed under special business to elect nine members into []
Fri, 22 Sep 2017
Anna Okon Digital terrestrial television and satellite television service provider, StarTimes, is set to commence local assembling of decoders and television sets. The firm disclosed this on Thursday when its management team paid a courtesy call on the Punch Place. The Chief Executive Officer, StarTimes, Justin Zhang, said that the firm would assemble locally, smart []
Fri, 22 Sep 2017
Anna Okon The Lagos State Government has emphasised the need to develop policies that will further encourage the growth of non-oil sector. The Lagos State Governor, Mr. Akinwumi Ambode, stated this at a recent stakeholders' forum. He noted that Nigeria's exit from recession should encourage policies that would ensure steady and sustainable growth. The governor, []
Fri, 22 Sep 2017
Anna Okon The Cross River State Governor, Prof. Ben Ayade, has promised to turn young people in the state into green millionaires through the revolutionary cocoa policy of his administration. The governor made the pledge in Ikom while inspecting the construction of a 30,000 metric tonnes ultra-modern cocoa processing plant being undertaken by his government. []
Fri, 22 Sep 2017
Anna Okon A Nigerian company, 7T Microns Powder Limited, has recorded a breakthrough with the production of made-in-Nigeria thermoplastic road marking paint. The company's Managing Director, Manny Igbenoba, stated at a media briefing on Wednesday that his company commenced a research into the project of thermoplastic materials with emphasis on road marking paints in 2014 []
Fri, 22 Sep 2017
Anna Okon Zenera Consulting has launched a new service line tagged 'Ethica360R' to mark the fourth anniversary of its operation in Nigeria's brand management industry. The firm said that Ethica360R was a collaborative service line being driven by Zenera Consulting and CSR-in-Action that underscored the role of sustainability in branding. 'It is a unique addition []
Fri, 22 Sep 2017
Stanley Opara Royal Exchange Plc says all things being equal, it will be declaring dividend to its shareholders this year. The insurer assured stakeholders that it was overhauling its structure to put the company on a geometric growth pedestal, adding that the intended result would be a huge improvement from its part stance. This assurance []
Fri, 22 Sep 2017
Anna Okon Hollandia has introduced its first ready-to-drink chocolate milk and malt drink to the Nigerian market. The product, Hollandia ChocoMalt drink, fondly referred to as '3-in-1 Yo!' because of its appeal to a youthful consumer segment, combined chocolate, milk and malt in trendy pack sizes, a statement from the manufacturer noted on Wednesday. The []
Fri, 22 Sep 2017
Olufemi Atoyebi, Ibadan A Customary Court sitting in Mapo, Ibadan, has dissolved the 30-year-old marriage between former Super Eagles coach Adegboye Onigbinde and Anne due to irreconcilable differences. Onigbinde had approached the court, asking it to dissolve the marriage because his wife was wasteful while also describing her as a troublemaker. While delivering his ruling, []
Fri, 22 Sep 2017
REAL MADRID boss Zinedine Zidane is wanted by Paris Saint-Germain to replace Unai Emery, reports say. Zidane has enjoyed a stunning start to his managerial career, helping Real Madrid win the Champions League twice since succeeding Rafa Benitez in January 2016. The Frenchman, however, is under pressure at the Bernabeu with Real struggling to get []
Fri, 22 Sep 2017
Tammy Abraham has denied reports that he is set to switch international allegiances to Nigeria in a bid to play at next year's World Cup and insisted he remains committed to England, The Guardian reports. The Chelsea striker, who is on a season-long loan to Swansea, played for England at this summer's European Under-21 Championships []
Fri, 22 Sep 2017
Idris Adesina Nigeria on Thursday beat Benin 1-0 in Cape Coast to set a final showdown with rivals Ghana in the 2017 WAFU Cup of Nations. Hosts Ghana defeated Niger 2-0 to qualify for Sunday's final. It will be the second meeting between the Super Eagles and Black Stars at the competition after an earlier []
Fri, 22 Sep 2017
Marcus Rashford says his rivalry with Anthony Martial is good for Manchester United, Manchester Evening News reports. And the young Mancunian believes the battle for minutes and goals is bringing out the best in the pair. Rashford 's brace in the Carabao Cup win over Burton took his goalscoring tally to five so far this []
Fri, 22 Sep 2017
Festus Abu It was undoubtedly a eureka moment for Kamaru Usman after knocking out Brazilian Sergio Moraes in the first round of their Ultimate Fighting Championship welterweight fight in Pittsburgh in Pennsylvania, United States, on Saturday. Back home in Nigeria, a country he has identified with since he and his family moved to the US []
Fri, 22 Sep 2017
Akwa Ibom State Governor Udom Emmanuel has praised the state's showing at the just-concluded National Youth Games in Ilorin. Akwa Ibom won 16 gold, 15 silver and 15 bronze to place second behind Delta State at the Games, which ended on Saturday. The governor believes the state has begun to benefit from the recent Akwa []
Fri, 22 Sep 2017
Idris Adesina The Nigeria Referees Association has ordered its members to boycott the Nigeria National League following the inability of the league body to pay them their indemnities for 11 weeks. It was learnt that the NRA in a letter to its members on Thursday directed its members to withdraw from the league matches until []
Fri, 22 Sep 2017
Sports minister Solomon Dalung was on Thursday decorated with the University of Benin's Sports Patron award by UNIBEN Vice-Chancellor Prof. Faraday Orumnwense. The investiture took place at the office of the minister in Abuja. The VC, who was represented by the institution's Director of Sports Felicia Igbase, commended Dalung for his contribution to grassroots sports []
Fri, 22 Sep 2017
The organising committee for the 2017 Nigeria Cup says golfers and fans will be treated to an exciting action throughout the tournament at the Ikoyi Club golf section at the weekend. Chairman of the committee Brig.-Gen. Musbau Amolegbe (retd.) told reporters in Lagos on Wednesday that there was a need to celebrate the country despite []
Fri, 22 Sep 2017
Tana Aiyejina The Local Organising Committee for the Governor's Cup Lagos Tennis Championship has unveiled new plans for the International Tennis Federation pro-circuit, as it aims to take the event to the next level. The 2017 edition holds from October 6 to 21 at the Lagos Lawn Tennis Club, Onikan, Lagos. According to the LOC, []
Fri, 22 Sep 2017
Arch rivals Ghana and Nigeria will meet Sunday in the West African Football Union Cup of Nations final with a record $100,000 (840,000 euros) first prize at stake. The teams also met at the group stage of the biennial regional competition with Nigeria emerging 2-0 winners against the host nation. On Thursday, Nigeria edged 10-man []
Fri, 22 Sep 2017
West African Football Union Cup of Nations semi-finals results in Ghana Thursday: At Cape Coast Nigeria 1 (Ali 10) Benin 0 Ghana 2 (Kizito 31, Sarfo 78) Niger 0 Saturday Third place At Cape Coast Benin v Niger (1600 GMT) Sunday Final At Cape Coast Ghana v Nigeria (1530 GMT) AFP
Fri, 22 Sep 2017
Nigeria advanced into the final match of the ongoing West African Football Union Cup of Nations on Thursday after a 1-0 victory over the Squirrels of Republic of Benin. Midfielder Rabiu Ali drilled a shot into their opponents' net with only 11 minutes on the clock to put his team on the victory path. The []
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