Reports on the implications of petrol subsidy removal dominated the cover pages of Nigerian newspapers.
The Punch reports that many households in the country are devising new strategies to survive the difficult times occasioned by the removal of subsidy on petrol and rising inflation. The newspaper says the Central Bank of Nigeria has asked banks and other financial institutions in the country to regularly screen accounts of politically exposed persons.
The Nation reports that President Bola Tinubu said the financial system under Godwin Emefiele, suspended governor of CBN, was “rotten”. The Nation reports that properties worth millions of naira were destroyed after a flood hit Trademore estate in Abuja. Daily Trust reports that the removal of petrol subsidy has reduced the purchasing power of many Nigerians. The newspaper says the presidential election petition tribunal has admitted certificates showing Tinubu’s academic and professional records, which were tendered by the Peoples Democratic Party .
The Guardian reports that the new service chiefs recently appointed by Tinubu have vowed to end the country’s lingering insecurity. The newspaper reports that Nigeria and Ghana have signed a memorandum of understanding to combat transborder crimes. Nigerian Tribune reports that the naira depreciated by N107 to close at N770/$1 at the I&E window yesterday, while the British pound was sold at N960/£1. The newspaper says a high court sitting in Ondo state has sentenced Ojo Komolafe, a 78-year-old community leader, to death by hanging over the murder of a school proprietor, Taofik Babalola.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newspaper Headlines: FG, states, LGs share N786bn May revenue | TheCableReports on opposition against the planned hike in electricity tarrif dominated the cover pages of Nigerian newspapers.
Read more »
Newspaper Headlines: DSS raids Bawa's residence, office, extends probe to associates | TheCableIssues around the dissolution of boards of federal government agencies, ministries, and departments; and the student loan policy of the federal government, dominate the front pages of the dailies today.
Read more »
Moghalu: How CBN contributed to Nigeria's inflation | TheCableKingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), says the continuous financing of the federal government’s deficits through ways and means, contributes to inflation. Moghalu spoke
Read more »
Emefiele: Tinubu breaks silence, reveals main reason CBN gov was firedPresident Bola Tinubu has finally spoken about the suspension and subsequent arrest of the former governor of the Central Bank of Nigeria, Godwin
Read more »
CBN urges tertiary institutions to embrace e-Naira for fees, salaries - Punch NewspapersThe Central Bank of Nigeria on Thursday admonished students and management of tertiary institutions in the country to adopt the e-Naira for
Read more »
Between Asari Dokubo and the Nigerian military | TheCableAlhaji Asari Dokubo, the retired but not tired Niger Delta freedom fighter, recently paid a courtesy visit to President Bola Ahmed Tinubu at the Presidential Villa in Abuja, the nation’s
Read more »