THURSDAY 1ST JULY 2021

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PIB’s EarlyBank Passage Threatened as Stakeholders Seek FreshRanking Alterations Zenith Retains Number One Tier-1 Bank

THURSDAY JULY 1, 2021

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T H I S D AY

Emmanuel Addeh in Abuja Nume Ekeghe with agency report

Zenith Plc the has been A weekBank before latest ranked astothepass number one deadline Nigeria's long-awaited bank in Nigeria Petroleum by tier-1 Industry demands capital inBill the(PIB), 2021 Top 1000 for big changes, including from World Banks’ Ranking community leaders seeking an

increased share of revenues, published by The Banker could push its passage into Magazine, a publication of late this year, four sources the Times Group haveFinancial told Reuters. of The the United Kingdom. last-minute wrangling over the bill, with whichaaims to The bank, tier-1 moderniseofNigeria's capital $2.64petroleum billion, industry itsand attract retained ranking as thea shrinking pool of global fossil

fuel investment dollars has number one tier-1 bank disappointed those who hoped in political Nigeria alignment for the of third the the consecutiveand year. presidency the National Assembly would break the It, however, emerged as jinx the that stalked the overhaul 454thhas bank globally and the efforts for 20 years. only Nigerian bank in the Among the changes are top 500. proposals to publicly sell

shares in the Nigerian National The bank, in aCorporation statement Petroleum yesterday, and said the ranking, (NNPC) implement which was published in market-based prices for gas to power. July 2021 edition of the Reuters reported at magazine, was basedthat on the acrimonious in 2020 year-endmeetings tier-1 capital the Abuja during the week, of banks globally. community leaders revived

demands to increase their Zenith Bank’s produced financial share of petroleum performance for10the year in their regions to per cent, wasfrom underpinned up 2.5 per cent. by an Communities oil eight per centwith growth exploration in Northern in non-interest income, Nigeria's Chad market region with an Lake improved and the middle of the country share in botha greater retail share and are also seeking

of oil revenues. corporate sectors despite a The National Assembly goes challenging on recess in macroeconomic early July, so if environment exacerbated the package is not approved by the COVID-19 pandemic. within the next two weeks, itTier-1 cannot capital become law until describes September. Continued on page 10 Continued on page 10

Okonjo-Iweala Seeks Lower Trade Cost to Boost Economic Recovery... pagePage 5 8 Stock Market Sheds N1.303trn in Africa’s First Half of 2021...

Thursday July, 2021 Thursday 241June, 2021 Vol 26. No 9579. Price: Vol 26. No 9571. Price: N250 N250

www.thisdaylive.com www.thisdaylive.com

TODAY'S WEATHER

TR RU

ON UT TH H & RE A S

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

ENUGU 25°C-28°C

KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

FG MobilisesPetrol Prosecutors Smuggled RisesAgainst to 42m Kanu, Considers Mass Murder Charge Litres Daily NNPC Cries Out Concerns over role of UK in issuing new passports in breach of court bail Says subsidy hits N150bn monthly

Alex Enumah in Abuja

The federal government is raising aAddeh crackinteam Emmanuel Abuja of lawyers to prosecute the leader of National Indigenous People Nigerian Petroleum Corporation (NNPC) of Biafra (IPOB), Mr. yesterday Nnamdi lamented the intercepted escalating Kanu, who was incidence of petrol smuggling in Addis Ababa, Ethiopia across Nigeria’s borders, which on Friday repatriated it puts at aand whopping 42 to Nigeria under the cover million litres per day. of The darkness on said Sunday, corporation the unbridledlearnt smuggling THISDAY last night.has increased estimated Kanu hadNigeria’s vanished from daily consumption of 60 million litres to 102 million

Nigeria after Justice Binta Nyako of the Federal High Court, Abuja, where he was standing trial for a six-count litres. charge, him now bail With granted the menace gaining and in Aprilmore 2017.momentum His bail was illegal dealers more daring, the subsequently revoked in oil company2019 statedfollowing that the September subsidy that the government his from payspersistent on petrol absence every month, court. in order to keep the pump Following his stable breachatofN162 the price of petrol per litre now hovers bail conditions, the between security N140 billion and N150 billion. The development Continued on page 8has made Continued on page 10

PDP Shops for Legal Team to Retrieve Mandate from Matawalle Protests nomination of Onochie as INEC commissioner

Presidency Replies Critics, Washes Hands off Media Bills

Working Committee Deji Elumoye, (NWC) of the main Chuks Okocha and Mohammed stakeholdersparty urge Buhari has AlexCall Enumah in Abujato order,opposition to gag the press. Deji Elumoye in Abuja commenced a search for a swift response, the competent legal team Following Tuesday’s a In Nigerian Guild of Editors The presidency has washed its to retrieve its mandate defection of Zamfara (NGE) and the Nigerian Union hands off the current attempt the Zamfara State Governor, Hon. of Journalists (NUJ) State have by the National Assembly to from governor, THISDAY has Bello Matawalle, from amend the Nigerian Press urged President Muhammadu the Peoples Democratic Buhari to call the Minister Council (NPC) Act and learnt. of Information Culture, leadershipand of the PDP, the National Party (PDP) Broadcasting to the All The Commission (NBC) Act, a Alhaji Lai Mohammed to Progressives Congress order, accusing the10minister move, media on page (APC), the stakeholders National Continued and other Nigerians have condemned as an attempt

COOPERATING AGAINST TERROR… STATE OF THE MATTER...

Chief of Defence Staff, Gen. Lucky Irabor (left), and Inspector-General of the Senegalese Armed Forces, Gen. El hadji Daouda Niang, during theGovernment Senegaleseof defence chief’s visit the Mustapha Defence Headquarters in Abuja…yesterday Secretary to the the Federation, Mr.to Boss (left), and President Muhammadu Buhari during the Federal

Irabor Rallies Stakeholders to Our CurbHands, Transnational Terrorism... We Have Tribal War on Says Gumi... Continued on page 10

Executive Council in Abuja…yesterday

godwin omoigui

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