Below are the headlines found on The Punch Online Newspaper for today, Friday, 1st September, 2017.

Ending lawlessness on the highways
Fri, 01 Sep 2017
LAWLESSNESS reigns on Nigerian roads. Evidence of this reality is provided daily on the major highways and cities. When the Lagos-Ibadan Expressway was locked down for an entire day recently, the main reason was not just the bad portions of the road, ongoing reconstruction, broken down vehicles or religious activity: it was caused by manic []
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Rivers rerun: Court wrong to declare joint panel illegal, says IGP
Fri, 01 Sep 2017
Ade Adesomoju, Abuja The Inspector-General of Police, Mr. Ibrahim Idris, has appealed against the judgment of the Federal High Court in Abuja which declared as illegal the Special Joint Investigation Panel which he set up to investigate crimes committed during the National Assembly re-run held in Rivers State on December 10, 2016. Justice Gabriel Kolawole []
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New constitution amendments trapped at N'Assembly
Fri, 01 Sep 2017
Document not transmitted to state assemblies John Ameh, Abuja Works on the proposed amendments to the 1999 Constitution may be delayed further as the 36 state Houses of Assembly have yet to receive the amendments passed by the National Assembly for inclusion in the 1999 Constitution. Findings by The PUNCH on Thursday showed that 37 []
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Farmer emerges governorship candidate in Anambra
Fri, 01 Sep 2017
Tony Okafor, Awka A 35-year-old farmer, Franklyn Ndife, has emerged the governorship candidate of the Independent Democrat in the November 18 poll in Anambra State. Ndife was elected unopposed by 243 delegates who participated in the primary of the party conducted at its secretariat in Awka, the Anambra State capital, on Thursday. The Chairman of []
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Ways to respond to negative reviews
Fri, 01 Sep 2017
Entrepreneurs share what they do when customers tell the world they messed up. When you mess up, your customers let you know ' and thanks to social media, they let everyone know. So we asked: How do you respond to negative reviews online' Admit your mistakes 'Valentine's Day is the Super Bowl for a flower []
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NSE suspends trading on Avon Crowncaps' shares
Fri, 01 Sep 2017
Stanley Opara The Nigerian Stock Exchange has suspended trading on the shares of Avon Crowncaps & Containers (Nigeria) Plc from August 31, 2017. The bourse gave the notice to the dealing members of the NSE in a letter signed by its Acting Head, Listings Regulation Department, Godstime Iwenekhai. The letter read in part, 'Dealing members []
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Union Bank's N50bn rights issue receives SEC's approval
Fri, 01 Sep 2017
Stanley Opara Union Bank has received approvals from the Securities and Exchange Commission to move forward on raising the N50bn tier 1 capital via rights issuance. The bank had earlier announced that it would float a N50bn rights issue in 2017, and in a statement on Thursday, said the rights issue would be opened for []
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Ethiopian Airlines moves to take over Arik
Fri, 01 Sep 2017
Maureen Ihua-Maduenyi Indications have emerged that Ethiopian Airlines may acquire Arik Air, which is currently being managed by the Asset Management Corporation of Nigeria. The Managing Director of International Services, Ethiopian Airlines, Esayas WoldeMariam, was quoted by the CNN on Thursday to have said that the airline had submitted a formal offer to take over []
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Power generation drops by 248MW in 24 hours
Fri, 01 Sep 2017
Okechukwu Nnodim, Abuja A total of 16 hydro, gas and steam power stations recorded various degrees of reduction in the quantum of electricity they produced within a period of 24 hours. According to the latest industry data obtained from the Transmission Company of Nigeria in Abuja on Thursday, power generation in the affected stations dropped []
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Fitch affirms Nigeria at 'B+', negative outlook
Fri, 01 Sep 2017
Fitch Ratings has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating at 'B+' with a negative outlook. Reuters on Thursday reported that Nigeria's ratings were supported by its large and diversified economy, significant oil reserves, its net external creditor position, low external debt service ratio and large domestic debt market. These are balanced against relatively low []
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OPEC oil output slips on renewed Libyan outages
Fri, 01 Sep 2017
The Organisation of the Petroleum Exporting Countries on Thursday announced that oil output had fallen by 170,000 barrels per day from a 2017 high, a Reuters survey found, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal. A dip in supply from top two producers Saudi Arabia []
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Naira to extend gain against dollar
Fri, 01 Sep 2017
Oyetunji Abioye with agency report The naira is expected to extend further its gain against the United States dollar owing to weak demand and increased supply of the greenback. The local unit, which closed at 370/dollar on Monday, closed at 365/dollar on Thursday. According to analysts and foreign exchange traders, the naira is expected to []
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NDIC boosts capacity building initiative
Fri, 01 Sep 2017
The Nigeria Deposit Insurance Corporation says 46 members of staff have graduated from the Chartered Banker/Master in Business Administration Programme at Bangor University, Scotland The graduates have also earned themselves triple qualifications of MBA, Bangor University; Associate, Chartered Institute of Bankers, Scotland the oldest professional banking institute in the world and Associate, The Chartered Institute []
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American companies affected by CBN capital curbs ' US senator
Fri, 01 Sep 2017
The United States companies are deterred from investing more in Nigeria by its capital controls, according to the head of a US Congressional delegation visiting Nigeria, Sen. Chris Coons of Delaware. 'Some of the currency controls that remain I think raise the question of whether foreign direct investment, if successful and profitable, will be able []
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Heritage Bank, NatnudO collaborate on food security
Fri, 01 Sep 2017
Heritage Bank Plc says it is supporting NatnudO Foods, a food processing company in its determination to make poultry affordable and accessible to the people. Team member, Agric Finance, Specialised Banking, Heritage Bank, Adelana Ogunjirin, said the bank decided to partner the company in order to ease the burden of poultry production in the country. []
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UK defends 200m aid budget for Nigeria
Fri, 01 Sep 2017
Rasheed Bisiriyu and Ifeanyi Onuba The United Kingdom's Department for International Development has defended its 200m ($258m) aid budget for Nigeria, even as the Federal Government pledged to work with the British government to stimulate and attract more direct private sector investments into the country. The UK Foreign Secretary, Boris Johnson, and the Secretary of []
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Three reasons why you need a business bank account
Fri, 01 Sep 2017
Nike Popoola Personalbanking@punchng.com As a small business owner or freelancer, you probably encounter a lot of overlap between your business finances and personal finances. On the surface, it seems simpler to just have one bank account'after all, it is a centralised place to keep tabs on client payments that come in, and personal and business []
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