Below are the headlines found on The Punch Online Newspaper for today, Monday, 12 June, 2017.

Gunmen kill farmer, injure husband in Edo
Mon, 12 Jun 2017
Alexander Okere, Benin GUNMEN suspected to be Fulani herdsmen have shot and killed a 39 year-old farmer, Mrs. Magdalene Tunar, in Etsako West Local Government Area of Edo State. The late Tunar was said to be returning from her farm with her husband and two children in Uluoke, near Auchi on Friday when she was []
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Police nab killers, rescue victims in Niger
Mon, 12 Jun 2017
Enyioha Opara, Minna THE Niger State Police Command said on Sunday it had arrested two men in connection with the death of one Rogo Azozo, who killed Bulus Musa of the same address, over misunderstanding between them in Magama Local Government Area. It was learnt that Azozo inflicted multiple cuts on Musa which led to []
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Unpaid gratuity: Ex-college principal commits suicide in Imo
Mon, 12 Jun 2017
Gibson Achonu, Owerri A retired school principal in Imo State, Mr. Stephen Nnadi, has reportedly committed suicide. He reportedly took his life following the failure of government to pay his pensions and gratuity. The Bishop of the Anglican Diocese of Orlu, Most Rev. Bennett Okoro, announced the pensioner's death in an emotion-laden 85-page presidential address, []
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Hoodlums set man ablaze in Kano
Mon, 12 Jun 2017
Adelani Adepegba,Abuja An unidentified man has been murdered and burnt to death in Kaura, after he was reportedly abducted from Kano by his assailants. The incident which occurred last Wednesday was said to have taken place along Kauyen-Bugau Road behind NITEL office. Northern City News gathered on Sunday that some men who witnessed the incident []
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Restructuring: Malami is wide of the mark
Mon, 12 Jun 2017
MOST of the fashionable arguments on Nigeria's federalism are vague, self-serving, top-down and retrogressive, especially when top government officials are embroiled in the debate. Predictably, the recent intervention by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, follows that vacuous script. In a thesis hard to overlook because it seeks to obfuscate []
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Why I won't apologise to the Senate ' Ndume
Mon, 12 Jun 2017
John Alechenu, Abuja A former Senate Leader, Senator Ali Ndume, has said calls for him to apologise to the Senate were misplaced because he did nothing wrong to necessitate an apology. Ndume said this while fielding questions from reporters after he hosted the leaders and representatives of over 20,000 Internally Displaced Persons from Borno-South currently []
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Lagos pays N28bn pensions in 22 months
Mon, 12 Jun 2017
Nike Popoola The Commissioner for Establishments, Training and Pensions, Lagos State, Dr.Akintola Oke, has said that the state government has paid N28bn to retirees in 22 months. He said this during the 12th retirement benefits documentation seminar organised by the Lagos State Pension Commission for employees who are due to retire from the state public []
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Cryptocurrency blockchain technology on the rise
Mon, 12 Jun 2017
Kunle Adeyeri I have written two articles on cryptocurrency here. This might be the last to sensitise readers. Financial information is crucial in the world we are living now. Crypto is undoubtedly the future of currencies. Presently, they are rapidly taking over as a medium of exchange. It is noteworthy that cryptocurrency hit a capitalisation []
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IGI introduces online payment solution
Mon, 12 Jun 2017
Industrial and General Insurance Plc has introduced new payment solutions to facilitate online remittances for insurance policies and ensure safer and more efficient transactions with customers. A statement obtained from the firm on Sunday said the initiative would allow customers to pay for their policies or renewals using their mobile devices from the comfort of []
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LUFASI wants more efforts in nature conservation
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi The President, Lekki Urban Forest Animal Shelter Initiative, Mr. Desmond Majekodunmi, has said that Nigerians should intensify efforts in reversing the effects of climate change and also preserve the environment from an impending catastrophe. According to Majekodunmi, who spoke during a debate on climate change for secondary school pupils in Lagosto mark the []
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Naira records further gain, closes at 365/dollar
Mon, 12 Jun 2017
Oyetunji Abioye The naira has recorded further gain, closing at 365 per United States dollar. The local currency closed at 367/dollar on Friday, after closing between 367/dollar and 368/dollar for most days of last week. The local unit had closed at 371/dollar the previous week, after rising to 374/dollar from 382/dollar. Currency analysts have said []
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Lagos urged to review building policies
Mon, 12 Jun 2017
A retired Permanent Secretary in the Lagos State civil service and former Chairman, Nigeria Institute of Town Planners in the state, Mr. Ayo Adediran, has said that building collapse in Lagos should be blamed on inadequate implementation of policies. He explained that Lagos and other states in the country needed to set up a monitoring []
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Fund housing construction agencies, ESVARBON tells FG
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi The Chairman, Estate Surveyors and Valuers Registration Board of Nigeria, Mr. Olayinka Sonaike, has called on the Federal Government to fund agencies under the housing section of the Ministry of Power, Works and Housing to enable them function properly. Sonaike said most agencies and boards, such as ESVARBON, lacked funds and had been []
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Indigenous oil firms bleed over N4.9tn debts
Mon, 12 Jun 2017
Nigerian oil and gas firms have taken a serious beating from the downturn in the industry amid a debt burden of N4.9tn that is weighing on many of them, 'FEMI ASU writes After becoming key players in the nation's oil and gas industry in recent years, indigenous firms are now struggling to maintain the assets []
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Ex-finance minister, Kalu, seeks restructuring of economy
Mon, 12 Jun 2017
Folashade Adebayo A former Minister of Finance, Dr. Idika Kalu, has said that restructuring will aid the growth of the country's economy as it will aid equitable distribution of resources in the country. Among other benefits, he said restructuring would lead to increased Gross Domestic Product, stable exchange rate and effective privatisation of government-owned enterprises. []
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BCPG, Lagos lawmakers collaborate on building collapse prevention
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi The Building Collapse Prevention Guild and members of the Lagos State House of Assembly have expressed their readiness to collaborate to end the incidence of building collapse in the state. Members of the BCPG made up of professionals in the built environment and led by the President, Mr. Kunle Awobodu, recently paid a []
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Federal retirees lament unpaid pensions
Mon, 12 Jun 2017
Nike Popoola The Nigerian Union of Pensioners has called on the Federal Government to pay retirees' pensions arrears. The pensioners, who are under the Defined Benefits Scheme and managed by the Pension Transitional Arrangement Directorate, are worried that the prolonged hardship as a result of denial of pensions has subjected them to painful situations. Speaking []
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You cannot operate at seaports, NPA tells NDLEA
Mon, 12 Jun 2017
Anna Okon There is a silent war brewing between the Nigerian Ports Authority and the National Drug Law Enforcement Agency over the implementation of the Executive Orders of the Federal Government. While addressing stakeholders last week on the implementation of six of the Executive Orders that applied to ports operations, the Managing Director, NPA, Hadiza []
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We've paid all dividends to FG, says NLNG
Mon, 12 Jun 2017
Femi Asu The Nigeria LNG Limited says it has no outstanding dividend payments to the Federal Government and continues to conduct its business in accordance with regulations and the laws of the Federal Republic of Nigeria. The company said in a statement on Sunday that its attention had been drawn to call by the Nigerian []
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Ondo seeks W'Bank's partnership on rural roads
Mon, 12 Jun 2017
Peter Dada, Akure The Ondo State Governor, Mr. Rotimi Akeredolu, has sought the partnership of the World Bank to fix rural roads for the use of farmers across the state and ease the transportation of farm produce. The governor said his administration was committed to ensuring that the rural areas in the state witnessed development, []
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Premium brings pension awareness to youth corps members
Mon, 12 Jun 2017
Nike Popoola Premium Pension Limited, one of the Pension Fund Administrators, has taken pension awareness to members of the National Youth Service Corps in its effort to deepen the Contributory Pension Scheme and widen its appeal. During a visit to the NYSC orientation camp in Iyana Ipaja, Lagos, the company's Chief Marketing Officer, Kabir Tijjani, []
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FG to reposition CMD for growth plan implementation
Mon, 12 Jun 2017
Ifeanyi Onuba, Abuja the Federal Government has disclosed plans to assist the Centre for Management Development to increase its capability for institutional capacity and human resources development to aid effective delivery of government's economic plans. The Minister of Budget and National Planning, Senator Udo Udoma, told members of staff of the centre that Nigeria was []
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Mutual Benefits pays N3.3bn claims
Mon, 12 Jun 2017
Nike Popoola Mutual Benefits Assurance Plc has said that it paid N3.3bn claims to its policyholders in the 2016 financial period. 'In 2016, the group paid out claims amounting to N3.3bn, which is a 43 per cent increase from the N2.3bn paid out in 2015,'the firm said in a statement obtained on Sunday. Mutual Benefits []
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MPC must take aggressive decisions to support economic recovery
Mon, 12 Jun 2017
Oyetunji Abioye The Monetary Policy Committee of the Central Bank of Nigeria has been urged to take 'aggressive steps' to enhance economic recovery. The immediate past President/Chairman of Council, Chartered Institute of Taxation of Nigeria, Dr. Olateju Somorin, said this at the 2017 Annual General Meeting of the institute in Lagos, where she listed some []
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BDCs outline ways CBN can sustain naira recovery
Mon, 12 Jun 2017
The Association of Bureaux De Change Operators of Nigeria has advised the Central Bank of Nigeria on immediate steps to be taken to ensure that the ongoing recovery of the naira against the United States dollar is sustained. In a statement on Sunday, the ABCON President, Aminu Gwadade, said the CBN should review the BDCs []
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Nigeria fast losing its forest reserves
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi The country is fast losing its forests cover, which was about 40 per cent at independence, but now less than five per cent of the total land area, environmentalists have warned. Stakeholders at the recently held Green Recovery Nigeria Initiative, a two-day summit organised by the Nigerian Conservation Foundation on re-greening the country, []
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Skye Bank takes reward scheme to Ibadan
Mon, 12 Jun 2017
Skye Bank Plc says its reward scheme, tagged 'Reach for the Skye Millionaire' promo, will hold its draw in Ibadan, the Oyo State capital, on Thursday. According to a statement by the lender, in the fourth draw in the season II campaign, new and old customers of the bank, stand a chance to win N1m []
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AXA Mansard empowers youths
Mon, 12 Jun 2017
Nike Popoola AXA Mansard says it has empowered youths in financial literacy to help them to develop their finances and future. A statement obtained from the firm on Sunday said it organised a financial literacy awareness campaign at different National Youth Service Corps orientation camps to sensitise corps members to various decisions that impact their []
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Financial Market Watch'for the week ended May 26, 2017
Mon, 12 Jun 2017
Local economy news The National Bureau of Statistics published its Q1 2017 merchandise trade statistics, which revealed a boost in Nigeria's external sector. In naira terms, the country's total merchandise trade grew year-on-year by 69.1 per cent (and quarter-on-quarter by 0.1 per cent) to N5.29tn. Also, balance of trade improved year-on-year by 384 per cent []
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Sigma Pensions urges states to implement contributory pension
Mon, 12 Jun 2017
Nike Popoola The Business Development Manager, Southwest, Sigma Pensions, John Igiehon, has appealed to states to implement the retirement bond reserve as stipulated by the Federal Government. According to a statement obtained on Sunday, Igiehon said this during the fifth triennial delegates' conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Lagos []
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US coastal cities
Mon, 12 Jun 2017
The newly released 2017 Q2 Zillow Home Price Expectations Survey has shown that international buyers of residential real estate in the United States do not have a significant impact on the overall housing market. They are far more influential at the top end of the market. Copyright PUNCH. All rights reserved. This material, and []
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Nigeria must join push for greener societies
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi Nigeria needs to join other nations in the push for greener societies across the world, the Chief Executive Officer, Visionscape Sanitation Solutions Limited, Mr. John Irvine, has said. 'Developing countries seem to be waking up to environmental issues and climate change, and it is time to put Nigeria on the map as we []
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Nigerian, US firms partner on Houston luxury development
Mon, 12 Jun 2017
Maureen Ihua-Maduenyi United States-based investment firm, Houston EB5, and Nigerian real estate advisory firm, 3Invest Limited, have announced a partnership on the development of Eighteen25 Luxury Condominiums, a development in Houston, Texas. The Chief Executive Officer, 3Invest, Ruth Obih-Obuah, said her firm would help raise capital for the project by introducing the development to real []
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