Newspaper headlines: FG halts deduction of CBN’s loans to states
Reports of a tanker explosion at the Lagos-Ibadan expressway dominated the front pages of Nigerian dallies. Source: Top Stories
Lekki shooting: Use of ‘massacre’ highly debatable, says Datti Baba-Ahmed
Yusuf Datti Baba-Ahmed, vice-presidential candidate of the Labour Party (LP), says it is debatable to describe the October 2020 Lekki shooting as a massacre. Baba-Ahmed spoke on Thursday during an interview on Channels Television. On October 20, 2020, in what appeared to be an attempt to disperse the #EndSARS protesters, officers of […]
NLC to Ngige: Recognising new academic unions will destroy cordial industrial relations
The Nigeria Labour Congress (NLC) says the recent recognition of two new academic unions by the federal government is designed to “destroy” cordial relations. Nigige had recently presented letters of recognition to two new unions — Congress for Nigerian University Academics (CONUA) and the Nigeria Association of Medical and Dental Academics (NAMDA). […]
Strategic Capital Investment acquires Polaris Bank, to repay CBN’s N1.3trn capital injection
The Central Bank of Nigeria (CBN) says it has completed the sales of Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor. Osita Nwanisobi, director of corporate communications, said this in a statement on Thursday. Nwanisobi said the investment company acquired 100 percent equity stakes of Polaris Bank. […]
Investors shun Nigeria’s domestic bonds over rising inflation, aggressive rate hikes
The Debt Management Office (DMO) says the country’s October bond issuance valued at N225 billion ended with a subscription level of N119.17 billion as inflation and monetary policy’s aggressive moves pushed back investors. This is an under-subscription of 52.89 percent or N105 billion. The debt office disclosed this in the recently-released circular […]
Strike: We’re still interested in court case — and we will never accept IPPIS, says ASUU
The Academic Staff Union of Universities (ASUU) says it will “never” accept the Integrated Personnel Payroll Information System (IPPIS) for the payment of lecturers’ entitlements. Chris Piwuna, the union’s vice-president, said this on Wednesday when he featured on a ‘Twitter Spaces’ conversation organised by PREMIUM TIMES. He also said despite the appeal […]
#EndSARSMemorial2: Arrested troublemakers released after a few minutes, say police
Benjamin Hundeyin, spokesman of the Lagos police command, says no person who participated in the #EndSARSMemorial2 demonstration is in custody. Hundeyin said this on Thursday in a post on Twitter. Earlier on Thursday, the demonstrators walked through the tollgate axis singing and carrying mock coffins to commemorate the October 20, 2020 shooting […]
After criticism, APC drops PDP’s Chimaroke Nnamani from campaign council
Chimaroke Nnamani, a former governor of Enugu, has been taken off the All Progressives Congress (APC) presidential campaign council list. The list was signed by Iyiola Omisore, national secretary of the party, and released on Wednesday. Also Orji Uzor Kalu, a former governor of Abia and current chief whip of the senate, […]
Demand pressure pushes naira to N751 per dollar at parallel market
The Nigerian naira, on Thursday, weakened to N751 per dollar at the parallel section of the foreign exchange (FX) market amid increased demand. The figure represents N9 or 1.2 percent depreciation compared to the N742 it traded a week ago. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in […]
Buhari disengages NDDC sole administrator, approves constitution of new board
President Muhamadu Buhari has sacked Effiong Akwa, the sole administrator of the Niger Delta Development Commission (NDDC). In a statement on Thursday by Patricia Deworitshe, director of press, ministry of Niger Delta Affairs, the president also announced the constitution of a new management team and governing board of the NDDC. In December […]