Below are the headlines found on The Punch Online Newspaper for today, Tuesday, 11 July, 2017.

Magu and Senate's rascality
Tue, 11 Jul 2017
THE Senate has ramped up its penchant for rascality and arrogance with two actions. In quick succession, it first passed a resolution asking the Acting President, Yemi Osinbajo, to sack Ibrahim Magu as acting chairman of the Economic and Financial Crimes Commission. It followed this up by announcing that it was suspending consideration and confirmation []
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Flyover, RoW stall new Lagos-Ibadan rail project
Tue, 11 Jul 2017
Rasheed Bisiriyu Construction work on the Lagos-Ibadan standard gauge rail has been suspended over right of way issues and a flyover bridge at Ijoko, Ogun State. The Minister of Transportation, Mr. Rotimi Amaechi, gave the indication on Monday, saying the height of the bridge would have to be raised for future electrification of the rail []
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Etisalat begins exit from Nigeria
Tue, 11 Jul 2017
Ozioma Ubabukoh Etisalat International on Monday said it had terminated a management agreement with its Nigerian unit, saying that it had given the business about three weeks to phase out the Etisalat brand in the country. The Chief Executive Officer, Etisalat International, Hatem Dowidar, told Reuters that the exit process became necessary given that the []
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OPEC may ask Nigeria, Libya to cut output
Tue, 11 Jul 2017
Femi Asu with agency report Nigeria and Libya may be asked to cap their crude oil output soon in an effort to help re-balance the market, the Kuwait Oil Minister, Issam Almarzooq, said on Wednesday. The two countries have boosted oil production since they were exempted from the global cuts led by the Organisation of []
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FG moves to insure national assets
Tue, 11 Jul 2017
Nike Popoola and Ifeanyi Onuba The Federal Government has said that it will ensure adequate insurance of its assets. The Minister of Finance, Mrs. Kemi Adeosun, said this during the National Insurance Conference of the Insurance Industry Consultative Council with the theme: 'Nigeria open for business', in Abuja on Monday. Adeosun said, 'Foreign investors have []
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CBN to intensify fight against money laundering, others
Tue, 11 Jul 2017
Ifeanyi Onuba, Abuja The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has given an assurance that the bank will intensify its fight against money laundering and other financial crimes in the banking sector. He stated this in Abuja on Monday at the opening session of the 'Regional course on combatting money laundering []
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NERC begins forceful revenue collection from power firms
Tue, 11 Jul 2017
Okechukwu Nnodim, Abuja The Nigerian Electricity Regulatory Commission on Monday stated that it had commenced enforcement procedures against power distribution companies in respect to the remittance of revenue. It, however, did not explain how it went about the process, considering the fact that only two power distribution companies were able to make over 90 per []
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Panel identifies five priority areas for industrialisation
Tue, 11 Jul 2017
Olalekan Adetayo, Abuja The Nigeria Industrial Policy and Competitiveness Advisory Council held its second meeting on Monday with a decision to focus on five priority areas. The areas are critical infrastructure, financing, trade, skills and capacity building. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, disclosed this to State House correspondents at the end []
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FG commends FrieslandCampina WAMCO for sourcing milk locally
Tue, 11 Jul 2017
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has commended FrieslandCampina WAMCO Nigeria, makers of Peak and Three Crowns milk, for pioneering local milk sourcing and development, and for improving the lives of Nigerian dairy farmers. The minister made the commendation on Monday, while inspecting the milk collection facilities of FrieslandCampina WAMCO in []
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Trade hits $3.8bn at I&E window, CBN sells $142m
Tue, 11 Jul 2017
Oyetunji Abioye The Central Bank of Nigeria's Investors and Exporters Foreign Exchange window has traded about $3.83bn since it was established on April 24, it has been learnt. Foreign exchange traders said this on Monday as the naira traded more strongly on the window than on the black market, Reuters reported. The window, where buyers []
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W'Bank advocates single regulatory authority for free zones
Tue, 11 Jul 2017
The World Bank has called for a single regulatory authority for the regulation of the operations of free zones in Nigeria. The global bank made its position known at a public hearing organised by the House of Representatives Committee on Commerce. The public hearing was aimed at getting input from stakeholders in respect of the []
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LASG targets growth, job creation in 2018 budget
Tue, 11 Jul 2017
The Lagos State Government is planning to enhance economic growth, job creation and boost ongoing transport and infrastructural development across the state in 2018. The Commissioner for Finance, Economic Planning and Budget, Mr. Akinyemi Ashade, made this known during the 2018 Budget Engagement Forum organised by the state in the Lagos Central Senatorial District on []
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Flour Mills, Red Star Express top gainers' table
Tue, 11 Jul 2017
Stanley Opara Flour Mills Nigeria Plc, Red Star Express Plc, C & I Leasing Plc, United Bank for Africa Plc and Access Bank Plc emerged as the top five gainers at the close of trading on the floor of the Nigerian Stock Exchange on Monday. A total of 182.07 million shares valued at N2.027bn were []
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First Bank appoints Ibrahim as executive director
Tue, 11 Jul 2017
First Bank of Nigeria Limited has announced the appointment of Mr. Abdullahi Ibrahim as an executive director. Prior to his appointment, Ibrahim was the bank's group executive, retail banking in the North since January 2016. According to a statement by the lender, the appointment is in line with FirstBank's strong corporate governance credentials and best []
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GTBank wins double honour at Euromoney
Tue, 11 Jul 2017
Guaranty Trust Bank Plc has been named 'Nigeria's Best Bank' and Africa's Best Bank for the SMEs' during the 2017 Euromoney Awards in London. Now in its 26th year, the Euromoney Awards for Excellence covers more than 20 global product categories, best-in-class awards and the best banks in over 100 countries around the world. It []
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CBN injects $142.5m into foreign exchange market
Tue, 11 Jul 2017
The Central Bank of Nigeria on Monday injected $142.5m into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3m. The spokesperson of the apex bank, Mr Isaac Okorafor, in a statement, said the CBN would continue to carry out its regular mediation in the market to keep the []
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Ikeme: Shorunmu warns Rohr over Enyeama, backs Akpeyi
Tue, 11 Jul 2017
Festus Abu Former Super Eagles goalkeeper Ike Shorunmu says Nigeria coach Gernot Rohr should not get stampeded into any hasty decisions on Carl Ikeme's replacement in the national team. Wolves goalkeeper Ikeme is undergoing treatment after being diagnosed with acute leukaemia on Thursday. As the 31-year-old Nigeria first choice keeper faces a long spell out []
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Man City accept 25m Leicester bid for Iheanacho
Tue, 11 Jul 2017
LEICESTER CITY have had an offer of 25m accepted by Manchester City for striker Kelechi Iheanacho, The Sun reports. The 20-year-old has fell down the pecking order under Citizens boss Pep Guardiola, paving the way for the Foxes to lure him to the King Power Stadium. According to Sky Sports news, a deal in principle []
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CHAN: Ezenwa, Odey top list
Tue, 11 Jul 2017
Super Eagles assistant coach Salisu Yusuf has invited 30 players to camp ahead of next month's 2018 African Nations Championship (CHAN) qualifying fixture against the winner between Togo and Benin Republic. Togo and Benin Republic will conclude their qualifying fixture this month. Domestic league leading goalscorer Stephen Odey, Ikechukwu Ezenwa, IfeanyiUbah Keeper Akwa United midfielder []
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Odegbami warns Eagles about Cameroon threat
Tue, 11 Jul 2017
Segun Odegbami has warned the Super Eagles to prepare well for their Russia 2018 World Cup qualifying double-header against the Indomitable Lions of Cameroon. Odegbami, who won the 1980 Africa Cup of Nations in Lagos, gave the advice in an interview with the News Agency of Nigeria. Nigeria host African champions Cameroon in Uyo on []
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Zenith Bank b'ball league: Heavyweights show their class
Tue, 11 Jul 2017
Zenith Bank Women's Basketball League continued on Monday at the Lekan Salami Stadium in Ibadan with tournament favourites First Bank and Dolphins showing their class. Lagos side Dolphins defeated Delta Force 95-72 while First Bank (also based in Lagos) hammered FCT Queens 94-32. Dolphins and First Bank have remained unbeaten in the competition. The []
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Bells win cycling event
Tue, 11 Jul 2017
Hosts Bells Secondary School, Ota, Ogun State, have emerged winners of the maiden Schools Cycling Challenge, which featured three main events namely Time Trials, Point Race and Obstacle Course. The event, which was organised by the African Cycling Foundation in Ota recently, was contested for by cyclists from private secondary schools. Bells came tops with []
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Remo players out of hospital
Tue, 11 Jul 2017
Tana Aiyejina The 12 Remo Stars players and an official, who were hospitalised after suffering from food poisoning prior to their Nigeria Professional Football League tie against IfeanyiUbah FC at the Otunba Dipo Dina Stadium in Sagamu, Ogun State, on Sunday, have been discharged from hospital, club secretary Michael Onikute has told The PUNCH. The []
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Saraki Boys coach under pressure, job threatened
Tue, 11 Jul 2017
Festus Abu Abubakar Bukola Saraki coach Henry Makinwa has come under mounting pressure after the Ilorin outfit plunged into the relegation zone following their 4-2 home defeat to Sunshine Stars in their Premier League fixture on Sunday. The defeat to the Akure side at the Kwara State Stadium consigned ABS to a winless run in []
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Conte must buy well ' Ancelotti
Tue, 11 Jul 2017
Bayern Munich coach Carlo Ancelotti has warned Antonio Conte will have to 'buy a lot and buy well' if Chelsea are to compete on their return to the Champions League next season. Conte led Chelsea to the Premier League title last season, but said after losing the FA Cup final to Arsenal that his players []
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Wimbledon: Muller sends Nadal crashing
Tue, 11 Jul 2017
Rafael Nadal suffered fresh Wimbledon misery on Monday as the two-time champion crashed to a stunning 6-3, 6-4, 3-6, 4-6, 15-13 fourth round defeat against Luxembourgs Gilles Muller. Just weeks after winning his 10th French Open title, Nadal was condemned to his fifth exit before the quarter-finals in his last five visits to Wimbledon. It []
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Pogba behind record United deal ' Lukaku
Tue, 11 Jul 2017
Romelu Lukaku revealed that his record move to Manchester United was inspired by Paul Pogbas arrival at Old Trafford as he began training with the Premier League giants in Los Angeles on Monday. A relaxed-looking Lukaku signed autographs for fans and posed for photos at UCLAs Drake Stadium, where United are training this week as []
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COPING WITH LAGOS' RAINS
Tue, 11 Jul 2017
Tayo Ogunbiyi Now that the rains are fully here in Lagos, it is important to put certain things into proper perspective to enhance our understanding of related issues and most importantly intimate us with helpful safety tips. The first thing to consider is the topography of Lagos. A critical feature of Lagos topography it is []
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Reno Omokri and the celebration of ignorance
Tue, 11 Jul 2017
Azuka Onwuka Last week, Mr Reno Omokri, former social media aide to the erstwhile President Goodluck Jonathan, reacted to a 2014 comment the leader of the Indigenous People of Biafra, Mr Nnamdi Kanu, made against Jonathan. In that comment, Kanu accused Jonathan of being weak, and said that his wife, Dame Patience Jonathan, was a []
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A transport geographer's view of Nigeria's transport problems
Tue, 11 Jul 2017
Thinking with You Niyi Akinnaso niyi.tlc@gmail.com The inaugural lecture is a rite of passage reserved exclusively for newly-appointed or promoted professors. It is an occasion for them to acquaint members of the university community and the general public with the high points of their research and scholarship to date. It also affords them the opportunity []
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National Assembly's power of (mis)appropriation
Tue, 11 Jul 2017
Tayo Oke drtayooke@gmail.com The ongoing public debate over the passage of the 2017 budget has ramifications that extend far beyond the labyrinth of power at Aso Rock, and it is deserving of a commentary on this column for the myriad of its implicit financial consequences. Although the debate has been pitched as a tussle between []
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Monsters that oppose restructuring and beasts that threaten war
Tue, 11 Jul 2017
Femi Fani-Kayode 'Treat the surrendering Biafrans well or risk their children rising again' Col. Phillip Effiong, Vice President of Biafra, 1970. These profound words from a wise and deeply courageous man have proved to be prophetic. The truth is that those that resist the idea of restructuring and that say no to the conducting []
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Floods: Govt to build retention pond for rainwater
Tue, 11 Jul 2017
Insurance companies face record claims in Lekki, VI As the residents of Ajah, Lekki, Victoria Island and Ikoyi in Lagos State continue to count their losses following the Saturday flooding of the areas, the state government has said it is building a retention pond to assist in containing flooding in the state. The Commissioner []
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Bankers arrested for defrauding customers of N150m
Tue, 11 Jul 2017
Afeez Hanafi Three bankers have been arrested by the police for allegedly hacking into the bank accounts of customers and diverting a total sum of N150m. The bankers ' Oyelade Shola-Isaac, 32, Osuolale Hammid, 40, and Akeem Adesina, 33 ' were apprehended along with eight other suspects in connection with the fraud. Three of the []
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Cult members shoot dead NDA undergraduate
Tue, 11 Jul 2017
Simon Utebor, Yenagoa Suspected cult members have shot dead an undergraduate of the Nigerian Defence Academy, Kaduna, Saviour Enoch. It was learnt that Saviour, aged 20, was killed on Saturday about 8pm along the Gwegwe-Navy Road at Ovom, in the Yenagoa Local Government Area of Bayelsa State. Saviour, it was learnt, was admitted into the []
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Money, phones disappear as police abandon accident victims
Tue, 11 Jul 2017
Samson Folarin Three accident victims escaped death by a whisker after an auto crash on Eko Bridge, Lagos State. They were reportedly saved by an undergraduate of the College of Medicine, University of Lagos, Jemima Osunde. It was gathered that while Osunde was busy with rescuing the victims and putting them in her car en []
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Masquerader chases student to death
Tue, 11 Jul 2017
Gibson Achonu, Owerri A 14-year-old pupil was crushed to death on Monday by a fast-moving vehicle while being pursued by a masquerader, aka okorosha, at Ogbaku, in the Owerri West Local Government Area of Imo State. A witness told our correspondent that the boy, who was on his way to school at about 9am, took []
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