Newspaper Headlines: Buni’s loyalists return to office as APC begins convention planning
The rise in inflation rate amid the soaring prices of diesel, petrol and aviation fuel dominated the cover pages of the Nigerian newspapers. Source: Top Stories
Again, national power grid collapses — second time in 48 hours
The national electricity grid suffered a system collapse on Tuesday — the second incident within two days. The grid had collapsed on Monday at 10:40am leading to power outage across the country. In a message to its customers, Ikeja Electric said the grid collapsed at about 5:10pm on Tuesday. “This is […]
Falana on Umahi’s sack: Votes belong to political parties — NOT candidates
Femi Falana, a senior advocate of Nigeria (SAN), says votes cast in any election in the country belong to the political parties, not candidates. On March 8, Inyang Ekwo, the presiding judge at a federal high court in Abuja, sacked David Umahi, governor of Ebonyi, and Eric Igwe, his deputy, over their defection […]
‘N500k minimum transactions’ — CBN introduces cash collection centres for withdrawals, deposits
The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or deposit money banks (DMBs) based on business needs. The apex said this in the guidelines for the registration and operation of BNCH in Nigeria, released on Monday and […]
DPO killed as gunmen invade police station in Niger
Gunmen, on Tuesday, killed seven security operatives, including a divisional police officer (DPO), in Niger state. Bala Kuryas, Niger commissioner of police, confirmed the incident to NAN. According to Kuryas, the gunmen invaded Nasco, headquarters of Magama LGA, on motorcycles and killed seven people, including three police officers and four vigilante operatives. […]
NPHCDA: Nigeria recorded 1,060 cases of vaccine-derived poliovirus in two years
The National Primary Health Care Development Agency (NPHCDA) says Nigeria has recorded 1,060 cases of the circulating vaccine-derived polio virus type two (cVPV2) in two years. Faisal Shuaib, executive director of NPHCDA, said this on Monday during the 38th expert review committee meeting on polio and routine immunisation. In communities with low […]
FG to use eurobond cash, borrow more to fund petrol subsidy, says Zainab Ahmed
The federal government says it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery costs. The government said it would also target more local borrowing in 2022 to fund subsidy payments. In September 2021, Nigeria raised $4 billion through eurobond issuance. Subsidy or under-recovery is the underpriced […]
OPL 245: UK’s anti-fraud agencies gave us go-ahead to pay Malabu, says JP Morgan
JP Morgan Chase Bank (JPMC) says it sought and got the approval of UK anti-fraud agencies before transferring funds to Malabu Oil & Gas Ltd from the sale of OPL 245 to Shell and ENI in 2011. The bank, in its opening submissions for trial at the Business and Property Courts of England […]
Ayu: PDP back to winning ways — we hope APC continues to disintegrate
Iyorchia Ayu, national chairman of the Peoples Democratic Party (PDP), says the opposition party is “back to winning ways”. Speaking on Monday night at the national caucus meeting of the party held in Abuja, Ayu said since it came on board, the national working committee (NWC) headed by him has tackled the challenges […]
Newspaper Headlines: Passengers stranded as scarcity of aviation fuel hits airlines
The power outage being experienced across the country owing to the collapse of the national grid dominated the cover pages of Nigerian newspapers. Source: Top Stories