Punch Nigeria Newspaper Top Stories

PDP governors, others to visit President Buhari

Segun Olugbile, Olusola Fabiyi and Olalekan Adetayo Governors elected on the platform of the Peoples Democratic Party are among six governors who are scheduled to leave Nigeria today to visit President Muhammadu Buhari in London, The PUNCH learnt in Abuja on Monday night. It was gathered that the visit was being organised by the office […]
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With Biafra, Igbo’ll remain in Nigeria, says Nnamdi Kanu

Ihuoma Chiedozie and Tony Okafor The leader of the Indigenous People of Biafra, Nnamdi Kanu, on Monday, said Igbo must not vacate the North, or any other part of the country, as a condition for the actualisation of the agitation for Biafra. The IPOB leader spoke in an interview with some journalists in Enugu, where […]
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Budget row: Fashola faces Reps’ panel Friday

John Ameh, Abuja The panel of the House of Representatives to investigate the altercation between the Minister of Power, Works, and Housing, Mr. Babatunde Fashola (SAN) and the National Assembly will engage the former Lagos State governor on Friday this week, The PUNCH learnt on Monday. The minister, senators and members of the House of […]
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Southern Kaduna will join Biafra if Nigeria breaks up –Danfulani

Ogbonnaya Ikokwu, Umuahia The Co-ordinator of the Centrum Initiative for Development and Fundamental Rights Advocacy,  Dr. John Danfulani, has said the people of Southern Kaduna would prefer to go with the Biafra Republic in the eventuality of Nigeria’s disintegration. Danfulani spoke in Umuahia, Abia State, when he paid a solidarity visit to the leader of […]
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Court can’t stop me from speaking, says Nnamdi Kanu

Ihuoma Chiedozie, Enugu The leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu, on Monday, granted an interview to some journalists in Enugu. Kanu was in Enugu to receive awards from a number of pan-Igbo groups, including the Igbo Women Assembly, the Eastern Consultative Assembly and the Igbo Students Union. Justice Binta Nyako had […]
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Buhari, govs’ breakfast photograph fake, says Fani-Kayode

The picture of a handful of APC governors and President Muhammadu Buhari, which was purportedly taken in London on Sunday, is old and fake, ex-Aviation Minister and Buhari’s unsparing critic, Femi Fani-Kayode, has said. In an article currently circulating on the web, Fani-Kayode said he was “reliably informed that (the photo) was taken during a Ramadan […]
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Police dismiss three over illegal arrest, extortion in Lagos

The Nigeria Police Force said on Monday said that it had dismissed three policemen attached to Area ‘N’ Command, Ijede-Ikorodu, under the Lagos State Command. The affected officers are AP.No 136005 Insp. Okelue Nkemeonye, F/No. 355897 Sgt. Braimoh Sunday and F/No. 359928 Sgt. Yusuf Olukoga. The Head, Public Complaints Rapid Response Unit (PCRRU), ACP Abayomi […]
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Neymar reportedly agrees £500,000 per week, six-year contract with PSG

Barcelona forward Neymar has reportedly agreed terms with Paris Saint-Germain over a six-year contract. According to reports, the Brazillian will earn a whopping £500m per week should he eventual join the Ligue 1 side. According to Carlos Carpio of Marca, Neymar’s father recently met with PSG sporting director Antero Henrique and board member Sophie Jordan […]
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Lagos LG polls: PDP, Accord win seven councillorship seats

Details of final results of Saturday’s local government election in Lagos released by the Lagos State Independent Electoral Commission on Monday indicated that the Peoples Democratic Party won four councillorship seats in the polls. The Director of Publicity, Mr Oladapo Olatunde, in a statement, indicated that Accord Party also won three councillorship seats in the […]
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Buhari may return in two weeks – Okorocha

Ailing Nigerian president, Muhammadu Buhari, may be back in the country in two weeks, Governor Rochas Okorocha has reportedly said. President Buhari had not been seen in public since leaving Nigeria on May 7th, 2017 for treatment in the United Kingdom. But, on Sunday a delegation of governors elected on the platform of the All […]
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Nigerians elected Buhari willingly, should accept his style of doing things – Adesina

The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, has said Nigerians elected Muhammadu Buhari as president willing and should, therefore, accept the way he “prefers to do things”. Adesina, who was responding to questions during a phone conversation on Channels Television’s Sunrise Daily, was asked why the President did not […]
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[BREAKING] Police arrest fleeing Boko Haram commander in FCT

Adelani Adepegba The police have arrested a fleeing Boko Haram deputy commander, Seth Yakubu, at Gwako Village in Gwagwalada area of the Federal Capital Territory. The 20-year-old insurgent, who hailed from Obi Local Government Area of Nasarawa State, was nabbed at about 11.30am on Sunday after a tip-off, the FCT Commissioner of Police, Musa Kimo, told […]
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Politicians want to kill Kanu, IPOB cries out

Tony Okafor, Awka The Indigenous People of Biafra on Monday alleged that some top  politicians were plotting to kill its leader, Nnamdi Kanu and other officers of the group. It said huge amount of money and political patronages had been offered to certain people to execute the plot. In a statement on Monday by the group’s Media and Publicity […]
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Mum invades school with thugs, beats up teachers for caning child

A mother, Monsurat Ayinde, who allegedly recruited some thugs to beat her child’s teachers in a secondary school, was on Monday charged before an Abeokuta Magistrates’ Court. The Chief Magistrate, Mrs Adeola Adelaja, however, released her on bail in the sum of N200,000 with two sureties in like sum. Ayinde, 40, whose address was not […]
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Constitution review will give states more power – Saraki

Leke Baiyewu, Abuja President of the Senate, Bukola Saraki, has said the ongoing amendments to the 1999 Constitution by the National Assembly would take powers from the Federal Government to states. Saraki also said proposals in 27 bills had been covered by the amendment exercise. A statement by Media Office of the President of the […]
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Govs visit to Buhari: Merchants of lies out of business, says Okorocha

Governor Rochas Okorocha said President Muhammadu Buhari was very cheerful and has not lost any bit of his sense of humour when he and other leaders of the All Progressives Congress met him in London on Sunday. The governor noted that with the visit those peddling rumours about Buhari’s health status ” have been put […]
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Mugabe gives sister-in-law $60,000 birthday gift

Zimbabwe’s President Robert Mugabe lavished his sister-in-law with $60,000 on her birthday, state-owned media reported Monday, at a time when the country is running critically short of cash. The Herald newspaper said Mugabe, 93, and his wife Grace gave Junior Gumbochuma the money at her birthday celebrations, while the couple’s children gave her $10,000. “The […]
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PHOTOS: Floods sack residents in Lagos, Asaba, Rivers

The weekend rains and floods wreaked havoc across some states in Nigeria. See top photos of flooding in Lagos, Ogun, Delta and Rivers.
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Lagos 3000MW power generation initiative on course – Ambode

Governor Akinwunmi Ambode of Lagos State on Monday said his administration had embarked on reforms aimed at generating 3000 MW of power within the next few years. Ambode said this while declaring open the 7th Annual Public Lecture of the Lagos State Public Service Chapter of the Institute of Chartered Accountants of Nigeria. The theme […]
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Man Utd edge Real Madrid on penalty kicks

Jose Mourinho has challenged Anthony Martial to produce the goods on a more consistent basis after the Manchester United frontman caught the eye against Real Madrid. Martial produced a scintillating weaving run to set up Jesse Lingard’s opening goal in United’s 1-1 draw against Real in the International Champions Cup at Santa Clara, California, on […]
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We should celebrate, not mourn Faleti – Afenifere

The Afenifere Renewal Group has said the life of dedication and commitment that Adebayo Faleti lived should be celebrated and raised as compass for the youth to follow. The group, in a statement by its publicity secretary, Kunle Famoriyo, on Monday said while the renowned actor and broadcast manager would be missed as an unparalleled repository […]
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Osinbajo meets security chiefs

 Olalekan Adetayo, Abuja The Acting President, Yemi Osinbajo, on Monday met with the nation’s security chief. The meeting was held behind closed door inside Osinbajo’s office at the Presidential Villa, Abuja. The agenda of the meeting had not been made public as of the time of filing this report. Those who attended the meeting included the nation’s […]
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Naira gains on dollar at parallel market

The Naira on Monday regained strength against the dollar at the parallel market. The Nigerian currency gained one point to exchange at N365 to the dollar at the parallel market, stronger than N366 posted on Friday, while the Pound Sterling and the Euro traded at N475 and N420, respectively. At the Bureau De Change window, […]
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Babysitter sells neighbour’s two-year-old child for N200,000

A 41-year-old woman, Lois Atimosho, on Monday at an Ikorodu Magistrates’ Court in Lagos State, confessed to child theft. Lois will know her fate on Thursday as the court has reserved judgment. The accused risks a minimum of 14 years’ imprisonment according to Section 275 of the Criminal Law of Lagos State 2015 (revised). The […]
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Saudi king goes on holiday, as crown prince takes charge

Saudi Crown Prince Mohammed bin Salman, named heir to the region’s most powerful throne last month, took temporary charge of the country Monday as the king left on holiday. Prince Mohammed’s father, King Salman, issued a royal decree deputising his son to “manage state affairs and guard the interests of the people” during the monarch’s […]
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BREAKING: Man City sign Monaco defender Benjamin Mendy

Manchester City have signed Benjamin Mendy from Monaco on a five-year deal. The 23-year-old France international will wear the number 22 shirt, the club said in a statement on its website. He will now join up with his new teammates in the USA where Pep Guardiola and his squad are preparing for their second pre-season tour game […]
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BREAKING: South West governors meet on regional integration

Samuel Awoyinfa, Abeokuta The governors of the South West states of Lagos, Ogun, Ondo, Osun, Oyo and Ekiti on Monday morning converged on Abeokuta, to discuss the development of the geopolitical zone. It is coming under the umbrella of Development Agenda for Western Nigeria (DAWN Commission). The governors are the host governor, Senator Ibikunle Amosun, […]
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Germany will support united, prosperous Nigeria – Ambassador

The German Ambassador to Nigeria, Mr Bernhard Schlagheck, says his country will support a more united and prosperous Nigeria devoid of wrangling. Schlagheck spoke during an interactive session with the leadership of the Enugu State Chapter of Ohaneze Ndigbo, the apex Igbo socio-cultural organisation, in Enugu on Monday. The ambassador also said that the Federal […]
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Africa’s food import bill ridiculously high – Obasanjo

Former President Olusegun Obasanjo on Monday called for a world without hunger in Africa through deliberate investment in infrastructure, research and development. Obasanjo made the call in his keynote address during the 50th anniversary celebration of the International Institute of Tropical Agriculture in Ibadan. The ex-president said food import bill of Africa has remained ridiculously […]
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Elephant kills sweet potato farmer

Authorities said a wild elephant trampled a sweet potato farmer to death in a village in Southern Tanzania’s district of Tunduru. The incident happened in Twendembele village in the district, and the elephant killed the 35-year-old man, who was on his sweet potatoes’ farm, which is located along Mkundi River. The dead man was identified […]
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Official Lagos LG election results as released by LASIEC

The Lagos State Independent Electoral Commission on Monday released the official results of the Chairmanship and Councillorship elections into the 57 Local Governments/Local Council Development Areas of Lagos State. The All Progressives Congress won the chairmanship seats in the 20 Local Government Areas and 37 Local Council Development Areas in the State. The APC also […]
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Protect your president, Trump tells Republicans

President Donald Trump has said it is “very sad” that Republicans are doing “very little to protect” him. He also lamented that the investigation into his campaign’s possible contacts with Russia, while “phony,” is “taking hold.” Earlier on Sunday, the White House new communications director, Anthony Scaramucci, had said that despite the conclusions of U.S. intelligence […]
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Rann IDP camp bombing traumatic for pilots, says NAF

The Nigerian Air Force on Monday regretted once again, the unfortunate Rann bombing that claimed innocent lives in Internally Displaced Persons camp in Borno, describing it as traumatic for its pilots. The Director of Public Relations and Information, NAF Headquarters, Air Commodore Olatokunbo Adesanya, said this in a statement issued in Abuja. Adesanya said the […]
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Neymar is staying, Pique assures Barca fans

Brazilian superstar striker Neymar will stay with Barcelona, according to teammate Gerard Pique, who posted a Twitter message on the striker’s status Sunday. Spanish international defender Pique indicated the South American maestro would continue at Camp Nou by tweeting a photo of Neymar with the caption “He’s staying.” The message came hours after Neymar gave […]
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Trump envoy heads to Israel over Jerusalem holy site crisis

A top aide to US President Donald Trump was due in Israel Monday in a bid to ease tensions over new security measures at a highly sensitive Jerusalem holy site after a weekend of deadly violence. Jason Greenblatt’s visit comes after more than a week of tensions over the Haram al-Sharif mosque compound, known to […]
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Six killed in suicide attacks on two IDP camps in Maiduguri

Kayode Idowu, in Maiduguri Suicide bombers have attacked two internally displaced persons camp in Maiduguri, Borno State, leaving six dead and several others injured. According to the spokesman of the National Emergency Management Agency, Abdulkadir Ibrahim, three suicide bombers, a male and two females, attacked both Dalori 1 and Dalori 2 IDP camps, the two […]
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CBN returns N51.9bn illegal deductions to bank customers

Chukwudi Akasike, Port Harcourt The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks and returned it to the customers. The CBN stated that the amount was illegally removed from the accounts of bank customers across the country in the past five years. The Acting Director, Corporate […]
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Nasarawa approves N200m for payment of LG pensioners gratuity

Nasarawa State Government says it has approved N200m for the payment of gratuity to over 2,000 local government pensioners. The Director-General of the State’s Pension Bureau, Mr Sani Oseze, told newsmen on Monday in Lafia that the amount was for council workers who retired before April 2011. He explained that those eligible for the payment […]
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BREAKING: Russia warns US against new sanctions

The Kremlin on Monday warned that new US sanctions on Russia would hit the interests of both sides as Congress gears up to approved fresh punitive measures. “We consider such a continuation of the rhetoric of sanctions counter-productive and harmful to the interests of both countries,” Kremlin spokesman Dmitry Peskov said. In mid-June, the US […]
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15 political parties back restructuring

No fewer than 15 political parties on the platform of the Coalition for New Nigeria  have expressed  support for the  restructuring of the country. CNN’s National Chairman, Alhaji Abdulkadir Abdulsalam, who addressed   journalists on Monday in Abuja, said the coalition was determined to chart a new course for Nigeria. According to him, CNN is committed […]
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Five things on Benjamin Mendy

Five things on Benjamin Mendy, who signed a five-year contract to join Manchester City from Monaco on Monday to make him the world’s most expensive defender: #BlueMendy – New Order Fans of Manchester band New Order will have been tickled to see the witty #BlueMendy hashtag the world’s most expensive defender posted on a video […]
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Police kill two bombers in failed attack on IDP camp

The Police in Borno on Monday said two Boko Haram suicide bombers were killed in a failed attempt to attack displaced persons’ camps and University of Maiduguri. A statement signed by the Police Public Relations Officer, Mr. Victor Isuku, said the suicide bombers were killed by security operatives before they hit their targets. “On Sunday […]
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248 inmates on death row in Plateau

The Controller of the Nigerian Prisons Service Plateau Command, Mr. Neol Ailewon, says 248 prisoners are on death row in prisons across the state. Ailewon said in Jos on Monday, that the condemned convicts, which included three were female, hail from different parts of the country. “We have 248 condemned convicts in custody in the […]
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Man Utd’s Bailly banned for Super Cup against Real

Manchester United defender Eric Bailly will miss next month’s European Super Cup against Real Madrid after UEFA handed the Ivorian a three-match European ban on Monday. Bailly was sent off for violent conduct in the second leg of United’s Europa League semi-final victory over Celta Vigo in May for his part in a melee in […]
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Why we repatriated North Koreans – China

China on Monday defended its repatriation of North Koreans who have escaped across its border after a United Nations envoy voiced concern about increasing detentions and expulsions. Tomas Ojea Quintana, the UN’s special rapporteur on human rights in North Korea, said last week he had shared his concerns with Chinese officials in recent months. But […]
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OPEC pledges support for Nigerian oil output recovery

Saudi Energy Minister Khalid al-Falih said Monday that OPEC and 10 other major oil producers remained supportive of conflict-torn Libya and Nigeria as they attempt to recover and increase crude production. OPEC and some non-OPEC states including Russia agreed in 2016 to cut production by 1.8 million barrels per day (bpd) in a deal that […]
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Zero oil revenue days fast approaching, says Osinbajo

Okechukwu Nnodim, Abuja Acting President Yemi Osinbajo on Monday declared that the days in which no single revenue would be generated from crude oil were fast approaching. Osinbajo, who spoke at the Extra-ordinary Session of the Council of Ministers of the African Petroleum Producers Organisation in Abuja, noted that technology was fast depleting the usefulness […]
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Nigeria agrees to cut oil output

Global oil producers, meeting in Russia Monday, called for stricter adherence to their agreement to cut output, with the inclusion of top African producer Nigeria. Monday’s meeting saw Nigeria agree to take part in cutting output as soon as its production reaches 1.8 million barrels. The Saudi-led OPEC global oil cartel, along with Russia and […]
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NAPTIP begins operation in Heathrow, Gatwick airports

The National Agency for the Prohibition of Trafficking in Persons on Monday said it had commenced joint operations with the Border Force of the United Kingdom to tackle human trafficking. The NAPTIP’s Head of Press and Public Relations, Mr Josiah Emerole in a statement in Abuja said the operation had begun at the London Heathrow […]
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Philippines’ president threatens to tax miners to death

President Rodrigo Duterte of Philippines on Monday threatened to tax miners “to death” if damage to the environment persisted. “The protection of the environment must be made a priority ahead of mining and all other activities that adversely affect one way or another. “This policy is non-negotiable,’’ Duterte said in his State of the Nation […]
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I met Russians four times, says Kushner

Senior White House adviser Jared Kushner said Monday he had contacts with Russian officials four times during his father-in-law Donald Trump’s presidential campaign but denied any collusion, hours before facing grilling by senators as part of the probe into alleged Russian meddling in the 2016 election. In a statement he will submit to investigators, Kushner […]
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Zuma denies seeking residency abroad

South African President, Mr Jacob Zuma, on Monday denied allegations that he had sought residency in Dubai, the United Arab Emirates. “I would like to reiterate that I do not own any property outside South Africa. “Further, I have not requested anybody to buy a property for me or on my behalf abroad,” Zuma said […]
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Suicide bomber kills 25, injures 40 in Pakistan

An explosion killed at least 25 people and injured dozens in a busy vegetable market in the Pakistani city of Lahore Monday, officials said, but the cause of the blast was not immediately clear. The powerful explosion hit a bustling main road in the south of Lahore and blew out windows in nearby buildings. Initial […]
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France moves to unite Libya

France will host talks on Tuesday between Fayez al-Serraj, head of Libya’s UN-backed government in Tripoli, and Khalifa Haftar, a powerful military commander in the divided country’s east who has so far rejected his authority. According to a statement, during the talks, President Emmanuel Macron aims to show France’s support for UN-backed efforts to stabilise […]
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African Nations Championship draw

African Nations Championship final zonal qualifying round draw: North Egypt v Morocco Algeria v Libya West A Senegal v Guinea Mauritania v Mali West B Benin v Nigeria Niger v Ivory Coast Burkina Faso v Ghana Centre Equatorial Guinea v Gabon Congo Brazzaville v Democratic Republic of Congo (holders) Sao Tome e Principe v Cameroon […]
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West Ham sign Mexico star, Hernandez for £16m

West Ham have completed the signing of former Real Madrid and Manchester United striker Javier Hernandez for £16 million ($20.8 million, 17.9 million euros), the Premier League club said on Monday. A deal to bring Mexico’s record goalscorer to London Stadium was hammered out several days ago. Hernandez has penned a three-year contract and will […]
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Russia urges OPEC to limit oil output rises from Libya, Nigeria

Russia called on OPEC to limit oil output rises from its members Libya and Nigeria in the near future, as it hosted a meeting of key OPEC states on Monday to discuss ways to prop up oil prices. OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined […]
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Britain to invest in Nigeria’s pipeline infrastructure, gas, power

The British Government has said that it is ready to invest in pipeline infrastructure, renewable energy, gas and power in the Nigerian Oil and Gas Industry. The British High Commissioner to Nigeria, Mr Paul Arkwright, said this while receiving the Group General Manager, Group Public Affairs, of the Nigerian National Petroleum Corporation, Mr Ndu Ughamadu, […]
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Ukraine leader slams Russia over arms given to rebels

Ukrainian President Petro Poroshenko on Monday demanded Russia’s Vladimir Putin halt arms supplies to rebels as the leaders of France and Germany tried to revive a peace plan. After a spike in violence, the four leaders discussed the Ukraine crisis for two hours by telephone in the latest round of talks aimed at stilling a […]
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NMRC facilitates N4.5bn for affordable housing scheme

Ifeanyi Onuba, Abuja The Nigerian Mortgage Refinancing Company has signed an agreement with the Ogun State Property Investment Corporation, Imperial Homes, TrustBond and Homebase Mortgage Bank for the construction of affordable houses for Nigerians. The agreement which was consummated I’m Abuja is part of measures aimed at stimulating housing development in the country. Speaking at […]
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Mandela book withdrawn after outrage from widow

A new book detailing Nelson Mandela’s last days has been withdrawn after it was condemned by his outraged widow, publisher Penguin Random House said Monday. The book by Mandela’s physician Vejay Ramlakan was released last week to coincide with the late anti-apartheid leader’s birthday, July 18, which is marked each year as Mandela Day. It […]
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AFDB to invest $24bn in agriculture in Africa – Adesina

The President of the African Development Bank, Dr Akinwumi Adesina, says the bank will invest $24bn in agriculture in Africa over the next 10 years. Adesina made the disclosure at the 50th-anniversary celebration of the International Institute of Tropical Agriculture in Ibadan on Monday. The AFDB president said the bank was committed to turning agriculture […]
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Lagos LG election results


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U.S. Senate grills Trump’s son-in-law over Russian links

Jared Kushner, son-in-law to President Donald Trump is to face two days of grilling by a panel of the U.S. Senate over his links with Russia. The panel which is charged with the responsibility to determine if Trump’s campaign team enlisted Russian support to win the 2016 Presidential Election will question Kushner in a closed-door. […]
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FUOYE students accuse lecturer of extortion, stage protest

Students of the Federal University, Oye-Ekiti on Monday barricaded the main gate of the institution to protest against the extortion by one of the lecturers in the institution, Dr Dosu Malomo. The students also demanded that the institution’s authorities put necessary machinery in motion that would facilitate the conduct of elections into its Students’ Union […]
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Danish keeper Sorensen retires

Former Denmark international goalkeeper Thomas Sorensen said Monday he is retiring from professional football after a playing career spanning 24 years. A veteran of over 350 matches in the English Premier League with Sunderland, Aston Villa and Stoke City, Sorensen played 101 times for the Danish national team. The 41-year-old ends his career after two […]
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Oil inches up ahead of OPEC, non-OPEC meeting

Oil prices inched up but held near a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 12 cents at 48.18 dollars a barrel by 0651 GMT. The contract settled down […]
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Uber rival Grab to raise $2.5bn in new financing

Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to come from other new […]
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Nigeria won’t exceed oil output target – Barkindo 

OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018. Barkindo made this known at the opening of the fourth Joint OPEC-non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia. He also said Libya has […]
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Pedro suffered multiple fractures – Conte

Chelsea boss Antonio Conte said Monday that forward Pedro sustained “multiple fractures” to his face after colliding with Arsenal goalkeeper David Ospina. The 29-year-old Spaniard was taken to hospital with a bloodied face after Ospina flew into him while clearing a ball with two fists during the Blues’ 3-0 pre-season win over their London rivals […]
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Boboye Oyeyemi, three years administrating FRSC

Bisi Kazeem When in 1988, the Federal Government of Nigeria established the Federal Road Safety Corps to curb the menace of road crashes in the country, with Professor Wole Soyinka as the first Chairman of the government established institution, the present day Corps Marshal, Dr Boboye Olayemi Oyeyemi MFR, mni, NPoM, was a pioneer member […]
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CBN, NDIC, others oppose bill on microfinance banks

Leke Baiyewu, Abuja Major stakeholders in the banking and finance sector, on Monday, faulted the move by the Senate to amend the laws regulating microfinance banks in the country. The stakeholders, who included the Federal Ministry of Finance, Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, National Association of Microfinance Banks and  the Chartered Institute […]
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Stock market hits two-year high, soars by N218bn

Stanley Opara The nation’s bourse recorded its highest return in over two years on Monday, as the Nigerian Stock Exchange market capitalisation appreciated by N218bn in one session. At the close of trading on Monday, equities’ capitalisation rose to N11.943tn from N11.725tn recorded last Friday, while the NSE All-Share Index closed at 34,652.52 basis points […]
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Before you buy that property

Abiodun Doherty There are a few things that every property investor needs to know before they buy any property. The right information can make you money. When it comes to various aspects of property negotiation, the more informed person is always at an advantage. Seeking for and having the right information is the core of […]
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CBN sells $195m ahead of MPC decisions

Oyetunji Abioye Ahead of the decisions of the Monetary Policy Committee on Tuesday, the Central Bank of Nigeria on Monday boosted liquidity in various segments of the inter-bank foreign exchange market with a total of $195m. At Monday’s forex trading, the CBN offered the sum of $100m as wholesale interventions and allocated the sum of […]
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Ogun moves to crack down on prostitution at stadiums

Festus Abu The Ogun State Government has moved to crack down on  prostitution at the stadiums owned by the state. The development comes on the heels of a report by Saturday PUNCH that the  MKO Abiola Stadium in  Abeokuta had been converted into a sex hotspot. Fun-seekers, according to the report,  throng the stadium,  particularly […]
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Credit card payment

Credit cards are easy to carry, easy to use and are accepted at more places than charge cards and prepaid cards, according to www.moneyadviceservice.org.uk. Here are some of the advantages and disadvantages: Safer than cash: If your card is lost or stolen, just call your bank and cancel it. If it is stolen and used […]
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Nigeria agrees to 1.8mbpd oil output

’Femi Asu Nigeria has said it will join its peers in the Organisation of Petroleum Exporting Countries and other producers in cutting production when its output reaches 1.8 million barrels per day. OPEC on Monday called on several members to ensure compliance with production cuts to help clear excessive global stocks and support flagging prices. […]
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Robbed Adamawa Queens to get compensation

The Adamawa State  Government  has promised to  compensate  Adamawa Queens players and officials  who  were attacked by armed robbers last month. According to the News Agency of Nigeria, the  team were attacked near Katsina Ala on June 27 while travelling  from Yola to Benin for  a match. They were reported to have lost their valuables […]
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C’ River tackles FG over abandoned equipment at port

Mudiaga Affe, Calabar The Cross River State Government  seems to be heading on a collision course with  the Federal Government  over  the FG’s refusal to grant the state  waivers to clear its  sports equipment abandoned at the Onne Port in Rivers State since 2014. The pieces of equipment, which were ordered by Henley Brecon and […]
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Zenith Bank b’ball: Deepwater, Dolphins win

The Zenith Bank Women’s Basketball Final 8  began at the National Stadium in  Lagos on Monday  with tournament favourites  Dolphins  posting a narrow 65-64 win over IGP Queens.  In an earlier fixture, First Deepwater defeated  GT 2000 73-69. The competition continues today with IGP Queens taking on Plateau Rocks, Nigeria Customs versus  GT 2000 while […]
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ACIN to tackle conflict of interest in firms

The Audit Committee Institute Nigeria has moved to tackle conflict of interest in companies at the level of board, management, staff and other stakeholders within the organisation. The ACIN is an independent advocacy for financial reporting focused on bringing to the agenda of governance critical issues affecting the integrity of financial reporting. According to the […]
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W’lifting boss makes pledge to stakeholders

President of Nigeria Weightlifting Federation Yahaya Mohammed has promised that the new board will work towards the development of the sport in the country. Mohammed,  who was the  NWF’s vice-president  before his election as president in Abuja on June 13, said he won’t disappoint the stakeholders of the sport. He said, “We are determined to […]
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Antalyaspor target Wilshire

Antalyaspor are in talks with Arsenal over a move for Jack Wilshere, the Turkish club have confirmed, according to Skysports. Wilshere, who has 12 months left on his current Arsenal deal, was the subject of an initial £6m offer from Serie A club Sampdoria last week. Antalyaspor president Ali Ozturk has now revealed his interest […]
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Onanor, Ajibade win freestyle tourney

mcCarthy Onanor and Rasheedat Ajibade  on Sunday  emerged as winners of  the maiden  Nigeria National Freestyle Championships in Lagos. Apart from the players winning  N1m each, Onanor  was given  a car courtesy of  GAC Motors.  He also won a ticket to  represent Nigeria at the World Super Ball Championships in Prague, Czech Republic. Onanor defeated […]
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Buhari: Group restates resolve to begin protest August 7

Friday Olokor, Jos A pressure group, Concerned Nigerians, on Monday said it was prepared to carry out its earlier threat to embark on a nationwide protest and occupy the National Assembly as from August 7, if President Muhammadu Buhari failed to resume work as President of the Federal Republic of Nigeria. The organisation said it […]
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Nigeria loses N15bn to illegal sale of PHCN assets – Reps

John Ameh, Abuja The House of Representatives said on Monday that the country had lost revenue in excess of N15bn from alleged unauthorised sale, leasing and transfer of non-core assets of the defunct Power Holding Company of Nigeria. The non-core assets are properties of the PHCN not directly used for power generation or distribution. They […]
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Delta group protests Okowa’s N13.6bn proposed secretariat

Ovie Okpare, Warri The plans by the Delta State Governor, Dr. Ifeanyi Okowa, to build a new state secretariat, estimated to cost about N13.6bn, has attracted severe criticism from concerned leaders in the state. They urged the state government to shelve such an idea as it was not in the interest of the state. The […]
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Police arrest fleeing B’Haram commander in FCT

Adelani Adepegba, Abuja The police have arrested a fleeing Boko Haram deputy commander, Seth Yakubu, at Gwako Village in the Gwagwalada area of the Federal Capital Territory. The 20-year-old insurgent, who hailed from the Obi Local Government Area of Nasarawa State, was nabbed at about 11.30am on Sunday after a tip-off, the FCT Commissioner of […]
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Despite agitations, Nigeria won’t break up, says Gowon

Olufemi Atoyebi, Ibadan A former Head of State, Gen. Yakubu Gowon, on Monday, said despite the agitations in the country and other developments threatening the unity of Nigeria, the nation’s youths would keep the nation together. Gowon spoke at the 50th anniversary programme of the International Institute of Tropical Agriculture, Ibadan, a forum moderated by […]
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Borno bombers attack two IDP camps, kill six

Kayode Idowu, Maiduguri Suicide bombers have attacked two Internally Displaced Persons’ camps in Maiduguri, Borno State, leaving six dead and several other injured. According to the spokesman for  the National Emergency Management Agency, Abdulkadir Ibrahim, three suicide bombers, a male and two females, attacked Dalori 1 and Dalori 2 IDP camps, the two of the […]
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Reps seek seven-year jail term for money launderers

John Ameh, Abuja The House of Representatives has proposed tougher measures against money laundering, including a prison term of seven years and a fine of “not less than N50m.” Findings by The PUNCH on Monday showed that two anti-money laundering bills before the House had been consolidated and referred to the crucial committee stage. A […]
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Constitution review’ll give states more power – Saraki

Leke Baiyewu, Abuja The Senate President, Bukola Saraki, has said the ongoing amendments to the 1999 Constitution by the National Assembly will give  more powers to state governments. Saraki also said proposals in 27 bills had been covered by the amendment exercise. A statement by the Media Office of the Senate President on Monday said […]
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Bama: Osinbajo meets security chiefs, Borno governor

Olalekan Adetayo, Abuja The Acting President, Yemi Osinbajo, on Monday met the nation’s security chiefs and the Borno State Governor, Alhaji Kashim Shettima, on the situation in Bama. The meeting of the Bama Initiative (Reconstruction and Rehabilitation of North-East) was held behind closed door inside Osinbajo’s office at the Presidential Villa, Abuja. Those who attended […]
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S’West govs okay joint task force on security

Samuel Awoyinfa, Abeokuta Determined to curb a high incidence of kidnapping, cultism and herdsmen attacks,  the South-West governors have agreed to form a joint task force to pursue and sustain joint actions that will guarantee the safety of lives, property and prosperity of the people of the geopolitical zone. This was contained in the communique […]
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N1.1bn subsidy fraud: Arisekola’s son opens defence

Oluwatosin Omojuyigbe Abdullahi Alao, son of the late Ibadan business mogul, Arisekola Alao, standing trial in a N1.1bn subsidy fraud case, on Monday opened his defence. The Economic and Financial Crimes Commission alleged that Alao and his company, Axe Energy Ltd., the late Opeyemi Ajuyah, Majope Investment and Olanrewaju Olalusi, fraudulently obtained N1,110,049,444.35 from the […]
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We should celebrate Faleti, not mourn — Soyinka, minister, Aregbesola

Olusola Fabiyi and Oladimeji Ramon Nobel laureate, Prof. Wole Soyinka;  the Minister of Information and Culture, Alhaji Lai Mohammed; Governor Rauf Aregbesola of Osun State and a former governor of Ogun State, Otunba Gbenga Daniel, have described the death of renowned author, poet, broadcaster and actor, Pa Adebayo Faleti, as a huge loss to the […]
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Reps vote on new age for President, govs Wednesday

John Ameh, Abuja Members of the House of Representatives will on Wednesday commence voting on amendments to the 1999 Constitution. One of the amendments intends to lower the age qualification for presidential aspirants to 30 years. The age bar on other leadership positions like Vice-President, state governors and members of the National Assembly, according to […]
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Two policemen, hoodlums arrested for extorting drivers

Friday Olokor, Jos Two police officers and seven hoodlums have been arrested in Kuru, Jos South Local Government Area of Plateau State for allegedly extorting money from commercial vehicle drivers on the highway. They were reportedly apprehended by the National Implementation Committee on the Curtailment of Cattle Rustling and the Special Squad Committee on Curbing […]
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Remain steadfast, Oyinlola tells APC members

A former governor of Osun State and a member of the Board of Trustees of the All Progressives Congress, Prince Olagunsoye Oyinlola, has stressed the need for unity among members and leaders of the party. A statement on Monday by a former Secretary to Osun State Government, Alhaji Kazeem Adio, said Oyinlola said this at […]
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