Below are the headlines found on The Punch Online Newspaper for today, Wednesday, 26 July, 2017.

APC's bad governance has divided Nigeria ' Wike
Wed, 26 Jul 2017
Chukwudi Akasike, Port Harcourt The RIVERS State Governor, Chief Nyesom Wike, said on Tuesday that the bad governance of the All Progressives Congress had left Nigeria terribly divided. Wike, who stated that the country needed people who would promote peace through quality leadership, added that Nigeria was currently bedevilled by myriad of problems. The governor []
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Reps seek seven-year jail term for money launderers
Wed, 26 Jul 2017
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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LG poll: Lagos APC victory well-deserved, says Igbokwe
Wed, 26 Jul 2017
Rasheed Bisiriyu and Oluwatosin Omojuyigbe The All Progressives Congress, Lagos State Chapter, has described the party's victory at Saturday's local government poll as overwhelming and well-deserved. Also, the National Union of Road Transport Workers has expressed satisfaction with the conduct of last Saturday's local government election and commended its members for behaving well throughout the []
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That needless curriculum controversy
Wed, 26 Jul 2017
THE wrenching controversy over the new basic education curriculum is mercifully winding down, but the passions ignited are still reverberating. From the start to its seeming conclusion, it reveals the prevalent lack of rigour by policymakers and leaders and the sectarian fault lines in the polity. Now that some sanity has been breathed into the []
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Kaduna communities record two-year uninterrupted power supply ' FG
Wed, 26 Jul 2017
Okechukwu Nnodim, Abuja The Federal Government on Tuesday announced that two communities in Kaduna State recently recorded two straight years of uninterrupted supply of electricity. It said the Gnami and Pakau communities enjoyed uninterrupted power from the 90-kilowatt Solar PV off-grid system installed in the areas, as the villages were far from the reach of []
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9mobile appoints Citi, Standard Bank to find new investors
Wed, 26 Jul 2017
Everest Amaefule with agency report 9mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm, with three companies already showing interest, a banking source close to the deal said on Tuesday. India's Bharti Airtel, which already has a presence in Nigeria, []
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Telcos lament revenue loss to masked calls
Wed, 26 Jul 2017
Ozioma Ubabukoh Telecommunications companies in the country on Monday said raised the alarm that they were losing billions of naira in revenue annually to masked calls and blamed the Nigerian Communications Commission for encouraging the act. Masked calls happen when international calling numbers (Caller Line Identity) are masked as local number traffic. It is a []
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Bill on NSE restructuring passes second reading
Wed, 26 Jul 2017
Leke Baiyewu, Abuja A bill seeking to allow the re-registration and conversion of the Nigerian Stock Exchange from a company limited by guarantee to a public limited company by shares passed the second reading at the Senate on Tuesday. Sponsor of the bill, otherwise called the De-mutualisation Bill, Senator Foster Ogola, said the NSE as []
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NMRC, MFBs raise N4.5bn for affordable housing scheme
Wed, 26 Jul 2017
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 in Abuja, is part of measures aimed at stimulating housing development in the country. Speaking at []
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Nigeria needs strong fiscal, monetary policies to exit recession ' CBN
Wed, 26 Jul 2017
MPC retains key rates Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that the economy might relapse into protracted recession if bold monetary and fiscal policies were not activated immediately to sustain the programmes of the Federal Government. The committee stated that available forecasts of key macroeconomic []
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NAMA to install new landing equipment at airports
Wed, 26 Jul 2017
Rasheed Bisiriyu The Nigerian Airspace Management Agency has said it will soon deploy new Instrument Landing Systems in the nation's airports to replace obsolete facilities. To address communication challenges between pilots and air traffic controllers due to blind spots in the airspace, NAMA said on Tuesday that it had started extending the VHF coverage mostly []
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FG approves tax reduction for telecom firms
Wed, 26 Jul 2017
Ozioma Ubabukoh The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland. It stated this through the Minister of Communications, Mr. Adebayo Shittu, at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was []
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Eleyele cashew factory to restart production after 17 years
Wed, 26 Jul 2017
Anna Okon The Eleyele Cashew Nuts Factory, situated in Ibadan, Oyo State, is to restart production after lying dormant for 17 years. This was contained in a statement issued by the United States-Africa Chambers of Commerce, Industry, Mines and Agriculture Incorporation on Tuesday. The statement noted that the USACCIMAI would resuscitate the factory using complete []
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FAAC allocates N652bn to FG, states, LGs
Wed, 26 Jul 2017
Ifeanyi Onuba, Abuja The Federation Accounts Allocation Committee on Tuesday shared the sum of N652.2bn as statutory allocations to the three tiers of government for the month of June. The amount is made up of revenues generated from oil and non-oil sources that were paid into the Federation Account. Addressing journalists shortly after a meeting []
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Recession has affected banks' loan repayment 'Popoola
Wed, 26 Jul 2017
The Managing Director/Chief Executive Officer, CRC Credit Bureau, a Central Bank of Nigeria-licensed credit score reporting company, Mr. Tunde Popoola, speaks about the banking sector and the rising non-performing loans in this interview with OYETUNJI ABIOYE How would you assess the consumer lending landscape in Nigeria overtime' Since the advent of credit bureaus, some Nigerian []
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Tilapia: Why quality fingerlings count
Wed, 26 Jul 2017
Arinze Onebunne info@jovanafarm.com 08033262808 Some people have attempted to write off tilapia farming in Nigeria, saying that no other tilapia specie is worth growing apart from Nile tilapia here. However, a closer examination of the facts reveals that the reason for the failure of tilapia farming in Nigeria is much more complex ' yet not []
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Labour ministry, NSE to partner on workplace inspection
Wed, 26 Jul 2017
Ife Ogunfuwa The Ministry of Labour and Employment has expressed interest in working with the Nigerian Society of Engineers on the inspection of workplaces across the country. The Minister of Labour and Employment, Senator Chris Ngige, made this known during a working visit by members of the NSE led by its President, Otis Anyaeji. Ngige []
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Pay special attention to unemployment, NGO tells FG
Wed, 26 Jul 2017
Ife Ogunfuwa The UNIC Foundation, a non-governmental organisation focused on youth, women and children empowerment, has called on the Federal Government to pay special attention to unemployment. While expressing concern over the alarming rate of unemployment in the country at a press conference in Lagos, the President, UNIC Foundation, Dr. Christopher Imumolen, said the population []
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Dangers of not paying off your personal loan
Wed, 26 Jul 2017
Nike Popoola Personalbanking@punchng.com A personal loan seems like a great way of obtaining the much-needed cash when you are in a tough financial situation, according to http://comparisons org. The process is fairly straightforward and, as long as you make your monthly payments on time, everything is going to be fine. What happens, though, when you []
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Attacks: FRSC to prosecute Abia speaker's wife, others
Wed, 26 Jul 2017
Rasheed Bisiriyu The Corps Marshal, Federal Road Safety Corps, Dr. Boboye Oyeyemi, said on Tuesday that the corps would prosecute wife of the Speaker, Abia State House of Assembly, Mrs. Victoria Kalu, for alleged traffic offence and ordering the shooting of some road marshals. Oyeyemi, who said at least four different assaults were visited on []
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FG designs performance system for civil servants
Wed, 26 Jul 2017
Ife Ogunfuwa The Federal Government has designed a performance management system for its workers for effective service delivery. The initiative, which aims to entrench accountability for resource utilisation and results delivered, is driven by the office of the Head of Service of the Federation, Federal Civil Service Commission and Ministry of Budget and National Planning, []
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Comply with VAIDS or face sanctions, SEC warns players
Wed, 26 Jul 2017
Stanley Opara The Securities and Exchange Commission has warned all capital market operators and public liability companies to comply with the Voluntary Assets and Income Declaration Scheme (latest March 31, 2018) or get sanctioned. The commission urged them to comply with the Executive Order No. 004 (VAIDS), signed by the Acting President, Prof. Yemi Osinbajo, []
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Understanding personal loans
Wed, 26 Jul 2017
Personal loans are one of many types of loans you can borrow from a bank. These loans are typically general-purpose loans that you can use at your discretion for things like consolidating debt or paying for an unexpected expense or small home-improvement project. Personal loans are often more difficult to get and have strict qualification []
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Man wins car in MMA2@10 promo
Wed, 26 Jul 2017
A civil servant, Mr. Polycarp Anyanwu, has won the star prize in the just concluded MMA2 @ 10 Fly and Win promo. The prize, a Kia Rio saloon car, is a product of a partnership between Dana Motors/Dana Air and Bi-Courtney Aviation Services Limited, a member of the Resort Group and operators of the Murtala []
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Onyema charges directors on corporate governance
Wed, 26 Jul 2017
Ife Ogunfuwa The Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has advised independent directors to investigate the corporate governance practices of organisations before joining their boards. Speaking at the launch of the Institute of Directors, Nigeria's Independent Directors' Register in Lagos, Onyema pointed out that the volume of related party transactions and presence []
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Toyota shines at Marketing Edge event
Wed, 26 Jul 2017
Rasheed Bisiriyu Toyota Nigeria Limited has again confirmed its leadership of the nation's auto industry with the firm emerging as the Outstanding Auto Brand of the Year at the Marketing Edge Awards. The award held in Lagos, according to a statement by the TNL, is another testimony of the superior quality of the brand and []
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Engage local experts, ministers tell road, rail contractors
Wed, 26 Jul 2017
Rasheed Bisiriyu There are indications that more indigenous engineers and other experts will be involved in ongoing and future road and railway projects in Nigeria. This hint was given by the Minister of Water Resources, Suleiman Adamu and his Transportation counterpart, Rotimi Amaechi, in Lagos as they urged those in charge of such projects to []
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What is your exit strategy
Wed, 26 Jul 2017
Author of 'Practical Steps to Financial Independence' and personal finance coach, Usiere Uko, writes about having control over when to enter and exit an investment The only constant thing in life is change. Everything that has a beginning has an end. If you don't have control over how you enter and exit an investment, you []
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