Today’s Punch Newspaper Headlines 27 March 2019 Latest online news from Africa including breaking news in politics, business, sports and entertainment

Today’s Punch Newspaper Headlines 27 March 2019

CBN to review Payment Service Vision 2020
Wed, 27 Mar 2019
Nike Popoola The Central Bank of Nigeria says it is set to review the Payment Service Vision 2020 in furtherance of its payment system objectives and in response to the developments in the system. The Deputy Governor, Financial System Stability, CBN, Mrs Aishah Ahmad, said this while disclosing initiatives being pursued during the Electronic Payments
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Buhari commends First Bank for innovation at 125th anniversary
Wed, 27 Mar 2019
Nike Popoola President Muhammadu Buhari has commended First Bank of Nigeria Limited for innovation and regeneration which has helped its operations since the colonial era till now. Buhari, who was represented by the Minister of Finance, Zainab Ahmed, said this during an event to mark the banks 125th anniversary in Lagos on Tuesday. Dignitaries from
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Six transmission towers vandalised in Delta, says TCN
Wed, 27 Mar 2019
Everest Amaefule, Abuja Electricity supply in Delta State has been threatened following the vandalisation of six towers belonging to the Transmission Company of Nigeria. In a statement issued in Abuja on Tuesday, General Manager, Public Affairs at TCN, Ndidi Mbah, said it would take another four weeks before vandalised towers would be put in order.
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NCAA faults new Consumer Protection Act
Wed, 27 Mar 2019
Maureen Ihua-Maduenyi The Nigerian Civil Aviation Authority has faulted the new Federal Competition and Consumer Protection Act 2019. The regulator, on Tuesday said the Act was excessively dominant on regulatory bodies, despite the need to protect consumers interest. The Federal Competition and Consumer Protection Act was enacted by the National Assembly in December 2018, and
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CBN cuts interest rate to 13.5%, seeks GDP rebasing
Wed, 27 Mar 2019
Experts say move not enough to boost economy Ifeanyi Onuba and Femi Asu The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate, also known as the benchmark or main interest rate, from 14 per cent to 13.5 per cent. The MPR, which is used to determine bank
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Domestic airlines need support Air Peace boss
Wed, 27 Mar 2019
Maureen Ihua-Maduenyi The Chairman and Chief Executive Officer, Air Peace, Allen Onyema, has said domestic carriers should be given more support by the government and people of the country. Onyema stated this while receiving the airlines third Boeing 777 aircraft, acquired for international flight operations. He said domestic carriers had not been receiving the kind
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Delta records 60, 000 passengers on Lagos-New York route
Wed, 27 Mar 2019
Maureen Ihua-Maduenyi Delta Air Lines has said it flew 60, 000 passengers from Lagos to New York, United States of America, in the last one year. The airline said on Tuesday that the non-stop flight service between Lagos and New York-JFK started on March 26, 2018. Deltas Commercial Director, East and West Africa, Bobby Bryan,
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Amaechi didnt force us to sign resignation letters AAC gov candidate
Wed, 27 Mar 2019
Chukwudi Akasike,Port Harcourt The governorship candidate of the African Action Congress in Rivers State, Biokpomabo Awara, has dismissed claims by his erstwhile running mate, Akpo Yeeh, that the Minister of Transportation, Rotimi Amaechi, made them to sign undated letters of resignation. Awara also expressed disappointment over Yeehs defection to the Peoples Democratic Party. Awara stated
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Consumer goods, financial services top attractive investment sectors KPMG
Wed, 27 Mar 2019
Nike Popoola KPMG Professional Services says consumer goods and financial services are top attractive investment sectors in Nigeria. The firm disclosed this in its second edition of the KPMGs report entitled, Doing deals in Nigeria 2019 Key insights from dealmakers. It stated that the report was the result of a survey of 50 senior
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Reps suspend MTEF meeting over Emefiele, Baru, others absence
Wed, 27 Mar 2019
Leke Baiyewu, Abuja The joint committee set up by the House of Representatives to work on the 2019-2021 Medium- Term Expenditure Framework and Fiscal Strategy Paper presented to the National Assembly by President Muhammadu Buhari on Tuesday suspended its sitting as invited Federal Government officials failed to show up. The committee stated that the non-appearance
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Sanwoolu urged to adopt insurance in management
Wed, 27 Mar 2019
Nike Popoola The Governor- Elect of Lagos State, Mr Babajide Sanwoolu, has been urged to use insurance as a means for disaster and risk management strategy. The call was made by the Managing Director, Cosmic Insurance Brokers, Dr Teslim Sanusi, when he paid a congratulatory visit to Sanwoolu in Lagos, recently. Sanusi who congratulated the
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NSE lifts trading suspension on Thomas Wyatts shares
Wed, 27 Mar 2019
Feyisayo Popoola The Nigerian Stock Exchange has lifted the suspension of trading in the shares of Thomas Wyatt Nigeria Plc. The NSE, in a statement on Monday, referred to its Market Bulletin dated November 1, 2018, which notified the public of the suspension of six listed companies for non-compliance with the rules for filing of
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OVH Energy, FRSC collaborate to train truck drivers
Wed, 27 Mar 2019
Maureen Ihua-Maduenyi Oil and gas firm, OVH Energy Marketing Limited says it is collaborating with the Federal Road Safety Corps on drivers training and refresher programme. The firm said the training, with the theme, Safe Driving Imperatives for road safety and operational excellence, would help to improve drivers behaviours and promote professionalism among the
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NASCON records N920m drop in annual profit
Wed, 27 Mar 2019
Feyisayo Popoola NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group, has posted a profit of N4.4bn for the 2018 financial year, compared to N5.34bn in 2017.. The company, in a statement, said it made revenue of N25.8bn in 2018, down from N27.06bn in 2017. It added that each shareholder would,
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Think like a buyer when you sell your property
Wed, 27 Mar 2019
Abiodun Doherty One key skill that is encouraged by knowledgeable individuals across the globe is the ability to see things through the eyes of others. We can choose to refer to this skill by many names but the important thing to note is that you need it to succeed in different areas of life and
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Transporters form new association, call for govts collaboration
Wed, 27 Mar 2019
Tunde Ajaja Interstate transport operators in the country have inaugurated an umbrella body for the group. They gave the name as Public Transport Owners of Nigeria Association. Speaking at the inaugural Annual General Meeting of the association, which held in Lagos, the Chairman of the associations planning committee, Mr Isaac Uhunmwagho, stated that the move
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UBA hinges future performance on cost efficiency, improved asset
Wed, 27 Mar 2019
Nike Popoola Pan African financial institution, United Bank for Africa Plc, has assured its local and international investors that its prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank to achieve its objectives and priorities for the 2019 financial year and beyond. In
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Six steps to use bank apps safely
Wed, 27 Mar 2019
The way that we carry out our banking operations has changed dramatically over the years. With the increase in Internet use a decade ago, it helped to remove the need to go to our banks or ATMs to manage transactions or to move money around. In the past couple of years, the landscape has changed
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Tips for growing your subscription business
Wed, 27 Mar 2019
As the SaaS industry grows, and even video games move closer to a subscription basis, this is a good time to take a look at subscription model-oriented growth strategies. Remember, subscription-based businesses have their own unique benefits and pitfalls. Customer acquisition isnt everything, and you need to take extra care in order to nurture and
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Cars45, Enyo partner to expand automobile retail footprints
Wed, 27 Mar 2019
Maureen Ihua-Maduenyi Cars45 and Enyo Retail and Supply have agreed to a partnership to facilitate ease of car business. Online vehicle trading platform, Cars45 said its partnership with Enyo, a fuel retail brand, would increase its retail footprints and provide consumers with opportunities to buy, sell or swap their cars at all Enyo service stations
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Uber to buy Mideast rival Careem for $3.1bn
Wed, 27 Mar 2019
Global ride-hailing giant Uber will acquire its Middle East rival Careem for $3.1 billion in the regions largest technology industry transaction, the two companies announced on Tuesday. The deal would boost Ubers worldwide presence ahead of a keenly anticipated stock market debut. Egypt, a major market for the two firms, announced later on Tuesday that
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Taxation: We need to enhance and expand govts revenue base Buhari
Wed, 27 Mar 2019
President Muhammadu Buhari has said that the Federal Government will continue to sensitize and encourage Nigerians to cultivate the culture of paying taxes by ensuring fair implementation of policies and effective utilisation of resources. Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, said Buhari stated this when he received the
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Boko Haram fighters on a revenge mission raze Adamawa villages
Wed, 27 Mar 2019
Olufemi Atoyebi and Hindi Livinus The District Head of Duhu and the surrounding communities in Adamawa State, Mohammed Sanusi, said on Tuesday Boko Haram fighters attacked two villages in Michika and Madagali on Monday night, burning houses and looting food stores. The incidents forced many of the villagers to flee their homes. Some of the
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Senate presidency: PDP warns APC, Ndume tackles Oshiomhole
Wed, 27 Mar 2019
Olusola Fabiyi, Olalekan Adetayo and Sunday Aborisade The Peoples Democratic Party and its senators on Tuesday berated President Muhammadu Buhari, the All Progressives Congress and its National Chairman, Adams Oshiomhole, over their position on the leadership of the ninth National Assembly. The PDP senators, in a statement in Abuja by the Minority Leader, Biodun Olujimi,
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Court rules on AGFs objection to MTNs N3bn suit May 7
Wed, 27 Mar 2019
Oladimeji Ramon FThe Federal High Court in Lagos has fixed May 7 to rule on the preliminary objection filed by the Attorney General of the Federation, Mr Abubakar Malami (SAN), in response to a N3bn suit filed against him by telecommunication firm, MTN Nigeria Communication Limited. MTN is, in the suit, praying the court to
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Building collapse: Buhari reads the riot act to offenders
Wed, 27 Mar 2019
John Ameh, Abuja President Muhammadu Buhari warned on Tuesday that persons who compromised building regulations and quality standards in country would be punished. He said the increase in cases of building collapse was an indication of impunity by those responsible. Buhari gave the warning in Abuja when the leadership of the Nigerian Institute of Quantity
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Polls: Tribunal receives four petitions in Ondo
Wed, 27 Mar 2019
Peter Dada, Akure The Election Petitions Tribunal sitting in Ondo State on Tuesday said it had so far received four petitions from the parties that participated in the general elections in the state. The three-man tribunal has Justice Nuhu Adi as chairman while Justices V.U. Okorie and K.M. Alabo are members. The secretary of the
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Abuja schoolboy remanded in prison for sodomy Minister
Wed, 27 Mar 2019
Olaleye Aluko, Abuja The Minister of Education, Adamu Adamu, on Tuesday presented a committee report on the sexual abuse at the School for the Deaf in Kuje, Abuja, saying one of the schoolboys, Sani Filo, had been remanded in prison. The minister said the police obtained a confessional statement from Filo, who allegedly sodomised another
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Insurgency: Japan donates $2m to 48,000 victims in North-East
Wed, 27 Mar 2019
Olaleye Aluko and Kayode Idowu Japan has donated $2m to help 48,000 persons affected by the Boko Haram insurgency in the North-East through the United Nations World Food Programme. In a statement on Tuesday, WFP said the money would help them to recover and rebuild their lives. The statement said, As part of WFPs efforts
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Jonathan mourns Okara
Wed, 27 Mar 2019
Olusola Fabiyi, Abuja Former President Goodluck Jonathan has mourned the death of foremost poet and novelist, Pa Gabriel Okara. Okara died at the age of 97 on Sunday evening. In a message of condolence, Jonathan described the exit of the literary giant as a colossal loss to the Ijaw nation, the country and the African
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Desertification: Nigeria loses 350,999 hectares of land annually, says NiMet
Wed, 27 Mar 2019
Okechukwu Nnodim, Abuja Nigeria loses about 350,999 hectares of land to drought and desertification every year, the Nigerian Meteorological Agency announced on Tuesday. According to NiMet, many parts of the country experience dry spell/drought periodically. The agency listed the areas as Sokoto, Kebbi, Katsina, Jigawa, Borno and Yobe states. The Director-General, NiMet, Prof Sani Mashi,
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NEMA, SEMA distribute materials to 785 flood victims
Wed, 27 Mar 2019
Tunji Bosun, Abeokuta The Ogun State Emergency Management Agency, in collaboration with the National Emergency Management Agency, has provided relief materials for 785 victims of flooding disaster in Abeokuta. The Director, Ogun SEMA, Mr Olufolarin Ige, said the relief materials, including sewing, grinding, water pumping and hairdressing machines, were given to artisans and traders affected
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Group seeks adequate funds to tackle tuberculosis
Wed, 27 Mar 2019
Peter Dada, Akure A group, under the auspices of the Tuberculosis Network in Ondo State, has said medical institutions in the state need adequate funding to tackle tuberculosis. The Coordinator of the group, Mr Martin-Mary Falana, stated this on Monday during an event to mark the 2019 World Tuberculosis Day in Akure. He said, Tuberculosis
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Corruption level to rise under Buhari SERAP
Wed, 27 Mar 2019
Oladimeji Ramon A report by a non-governmental organisation, Socio-Economic Rights and Accountability Project, has predicted widespread corruption in the country. The group made the prediction in a report titled: Nigeria Anti-Corruption Performance Assessment Survey, which it presented to the public on Tuesday in Lagos. According to SERAP, the report was based on the survey it
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No school enrolment for children without birth certificate Akeredolu
Wed, 27 Mar 2019
Peter Dada, Akur The Governor of Ondo State, Mr Rotimi Akeredolu, on Tuesday, declared that birth certificate would henceforth be one of the criteria for enrolment of pupils into primary schools in the state. He added that birth certificate would be a requirement for children under the age of five to access free medical treatment
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Insecurity: Poor funding frustrating police, IG tells Reps
Wed, 27 Mar 2019
Leke Baiyewu, Abuja The acting Inspector-General of Police, Mr Mohammed Adamu, on Tuesday told the House of Representatives that the Nigeria Police Force under his watch had been battling poor funding since January when he assumed office. The IG, who appeared before the House Committee on Police Affairs to defend the 2019 budget proposal for
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Troops must adhere to laws during operations, CJN tells military
Wed, 27 Mar 2019
Olaleye Aluko, Abuja The acting Chief Justice of Nigeria, Justice Tanko Muhammed, has said that the troops of the Nigerian Armed Forces must adhere to laws of armed conflict whenever they are carrying out military operations across the country. The acting CJN said there was increasing criticism of military operations at both local and international
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Drama as court takes possession of UBA Enugu office
Wed, 27 Mar 2019
Ogbonna Casmir, Enugu There was a mild drama on Tuesday at the Enugu Headquarters of the United Bank for Africa as bailiffs from the Federal High Court; Enugu stormed the bank at Station Road in Okpara Avenue, with policemen to enforce a court judgment against the bank. As soon as the court bailiffs announced that
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INEC suspends issuance of certificate of return to Zamfara gov-elect
Wed, 27 Mar 2019
Olusola Fabiyi, Abuja The Independent National Electoral Commission has suspended issuance of certificate of return to the Governor-elect of Zamfara State, Alhaji Muktar Shehu. The action followed the Monday judgment of the Court of Appeal, Sokoto Division, which set aside the judgment of the Zamfara High Court which paved the way for the All Progressives
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Success viral video shows Delta govt has no shame Pat Utomi
Wed, 27 Mar 2019
Theophilus Onojeghen, Warri Political economist, Prof. Pat Utomi, on Wednesday said the viral video of a schoolgirl, Success Adegor, who was sent home because of her parents inability to pay her examination levy, had exposed the Delta State Government as one that has no shame. Utomi, who is the 2019 governorship aspirant of the All
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9th NASS: Christian youths urge religious balance in appointments
Wed, 27 Mar 2019
The Christian Youths Alliance of Nigeria has called on President Muhammadu Buhari and the ruling All Progressives Congress to balance the appointments across religious divides to avoid marginalisation after their inauguration for a second term in May. The group noted that with the trend of development and arrangement of the APC, there was the possibility
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Dont return Ekiti to despicable past, Afenifere tells politicians
Wed, 27 Mar 2019
Abiodun Nejo, Ado Ekiti The Yoruba socio-cultural organisation, Afenifere, has cautioned the political class in Ekiti State against encouraging the return of the state to its despicable political past. Rather, he advised them to focus on matters that could further unite the people of the state. The chairman of Afenifere in Ekiti State, Elder Yemi
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Entrepreneurship programme in FECA
Wed, 27 Mar 2019
Peter Dada, Akure The Federal College of Agriculture, Akure, Ondo State, said it had made entrepreneurship programme compulsory for all its students in a bid to make them self-reliant after graduation. The college also declared that entrepreneurship programme would be one of the requirements for students to graduate from the school. The Acting Provost of
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INEC fixes Adamawa gov supplementary poll for Thursday, APC kicks
Wed, 27 Mar 2019
Olufemi Atoyebi and Hindi Livinus The Independent National Electoral Commission on Tuesday fixed Thursday (tomorrow) for the Adamawa State governorship supplementary election. INECs Resident Electoral Commissioner in the state, Kassim Gaidam, said during a press briefing at the INEC office in Yola that the decision to hold the election on Thursday was based on the
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Ill surpass my first terms achievements, says Okowa
Wed, 27 Mar 2019
Ochei Matthew, Asaba Delta State Governor, Ifeanyi Okowa, has promised that he will surpass his first terms achievements in the next four years. Okowa stated this on Tuesday when he received members of the Christian Association of Nigeria and the Nigeria Labour Congress at the Government House in Asaba. He said, In the last four
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Ajimobi warns Oyo governor-elect against campaign of calumny
Wed, 27 Mar 2019
Ademola Babalola, Ibadan Oyo State Governor, Abiola Ajimobi, has advised the Governor-elect, Mr Seyi Makinde, to focus on developmental issues instead of his campaign of calumny against his person, family and administration. He said Makindes move was aimed at tarnishing his image and rubbishing his eight-year selfless service to the state. The governors position was
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FG inaugurates inter-ministerial committee on collapsed buildings
Wed, 27 Mar 2019
Everest Amaefule, Abuja The Federal Government on Tuesday inaugurated an inter-ministerial committee to seek solution to the high incidence of collapsed buildings in the country. A statement issued by the Ministry of Science and Technology on Tuesday said that the inter-ministerial committee was part of the Federal Governments commitment to finding a permanent solution to
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25 elected Kebbi lawmakers receive certificates of return from INEC
Wed, 27 Mar 2019
The Independent National Electoral Commission has presented Certificates of Return to the 25 newly-elected House of Assembly members in the concluded general elections in Kebbi State. The certificates were presented by the state Resident Electoral Commission, Muhammad Mahamud, in Birinin Kebbi on Tuesday. Mahamud urged elected lawmakers to provide dividends of democracy to the electorate
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UPDATED: Judge recommends partial ban on iPhone imports to US
Wed, 27 Mar 2019
A US trade judge ruled on Tuesday that Apple had violated a Qualcomm chipmaker patent and said she would recommend banning imports of some iPhones. International Trade Commission administrative law specialist MaryJoan McNamara wrote in a ruling that she would be recommending a limited exclusion order together with a cease and desist order against Apple.
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