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Pulse Frontpage Read today's newspaper headlines [Thursday, October 27, 2016]

Find out what is making headlines all over the country from the covers of The Nation, The Punch, The Guardian, Business Day and Vanguard.

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Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.

For today, October 27, 2016:


Senate wants 10% fund for hydroelectric communities

The Senate has proposed 10 per cent of total revenue for Hydroelectric Power Producing Areas Development Commission (HYPPADEC) host communities, in his lead debate titled “A Bill for an Act to amend the Hydroelectric Power Producing Areas Development Commission, (Establishment Act), 2010,” David Umaru (APC, Niger East) said the proposed amendments would give legal backing to the 10 per cent HYPPADEC charge being deducted from the invoices of companies, including power generating and distributing firms, and retained by various government agencies, including the Market Operator (MO), the Nigerian Bulk Electricity Trading Plc. (NBET).

Confusion over alleged sacking of ICPC boss

There was confusion yesterday over the alleged sacking of the Chairman of the Independent Corrupt Practices and other related offences Commission (ICPC), Ekpo Nta.

Government to restrict access to seaports, airports from next year

As from January 1, 2017, access to the nation’s seaports and airports will only be granted to those with a pass.Such passes will be given to only those who have a genuine business to attend to at the ports.------------------------------------------------------------------------


FG needs new plan on economy – DMO

On the heels of the Federal Government’s plan to borrow US$29.9 billion over the next two years, the Debt Management Office (DMO) has said that there was an urgent need for the Federal Government to formulate an economic blueprint or road-map for the medium term.

NUPENG gives FG 21 days to halt sack of workers by oil majors

Nigerian Union of Petroleum and Natural Gas, NUPENG, yesterday gave the Federal Government, a  21-day ultimatum  to order  the recall of over 3,000 workers sacked by  oil majors in the ongoing mass sack of workers in the sector or face a nationwide industrial action.

Police uncover ritualists’ den in Ogun, arrest two

Operatives of the Zonal Intervention Squad, Zone 2, Police Command, Onikan, Lagos, have uncovered a ritualists’ den at Abule Ifa, Siun area of Obafemi Owode Local Government, Ogun State, arresting two suspected leaders of the syndicate.



Obanikoro targets first N100m refund for freedom

Former Minister of State (Defence) Musiliu Obanikoro is yet to refund the N785million allegedly collected from the Office of National Security Adviser (ONSA), The Nation learnt yesterday.

NLNG to raise $15b for Train 7

Nigeria Liquefied Natural Gas Limited (NLNG) plans to raise $15 billion from the International Capital Market to fund its Train 7 project, its Managing Director Tony Attah, has said.

‘Money laundering’: Diezani back in London court March

Former Petroleum Minister Mrs. Diezani Alison-Madueke and her mother Beatrice Agama have been told by a London court that they may still have a case to answer regarding the £27,000 money laundering and bribery allegation made against her by the United Kingdom’s National Crime Agency (NCA).



Major, captain, others held for leaking information to Boko Haram

The Nigerian Army is holding two officers – a major and a captain – in connection with alleged sabotage of the ongoing counter-terrorism operations in the North-East.

Seized $15m: Patience seeks N200m damages

A Federal High Court in Lagos has fixed December 7, 2016 to hear the N200m fundamental rights enforcement suit filed by wife of ex-President Goodluck Jonathan, Patience, against the Economic and Financial Crimes Commission and Skye Bank Plc to challenge the freezing of four bank accounts containing $15m.

Police to deploy 24,000 officers for Ondo gov poll

The Ondo State Commissioner of Police, Mrs. Hilda Harrison, has said that  24,000 officers and men of the Nigeria Police Force will provide security during the November 26, 2016 governorship election in the state.



CEOs of Linkage, Leadway, NEM, ten others to vacate office

At least 13 chief executive officers (CEOs) in the insurance industry will have to vacate their positions in line with   the requirements of the new Corporate Governance Code 2016 Business Day investigations reveal.

Nigeria shifts focus from oil to gas in new Petroleum Industry Roadmap

Four months after the Nigerian Gas Association (NGA) emphasised the need to plug the $55 billion investment gap in the gas sector, President Muhammadu Buhari is unveiling today, a new Petroleum Industry Roadmap that places emphasis on gas rather than crude oil.

Fuel queues loom as imports become unprofitable for marketers

Nigeria, Africa’s largest crude producer and OPEC member should have been heaving a sigh of relief when oil prices rebounded above $50 a barrel.

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