Newspaper Headlines: Cash crunch worsens as banks run out of old, new naira notes

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Newspaper Headlines: Cash crunch worsens as banks run out of old, new naira notes

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March 10, 2023

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The death of six persons during a train-bus crash in the PWD area of Lagos state dominated the cover pages of Nigerian newspapers.

The Punch reports that the Lagos State Emergency Management Agency and the Nigerian Railway Corporation have blamed the driver of a Lagos state government staff bus for the fatal train accident which killed six people and injured 96. The newspaper reports that the Independent National Electoral Commission (INEC) said it would appeal the court judgement which ordered that two Nigerians with temporary voters cards should be allowed to vote during the March 18 elections.

The Nation reports that survivors of the Lagos bus crash have recounted the moment the bus was hit by a moving train in the PWD area of the state. The newspaper says the federal government has cautioned inducted foreign-trained doctors against joining strikes.

Daily Trust says at least 35 people, who went on a fishing expedition, have been shot dead by Boko Haram fighters in Ngala LGA of Borno state. The newspaper reports that voters and political parties have expressed mixed reactions over the postponement of governorship and state assembly elections by one week.

The Guardian says the postponement of the governorship and state assembly elections may cost Nigeria more than $2.23bn lost for the shift of 2019 elections. The newspaper says the silence of the Central Bank of Nigeria (CBN) on the supreme court verdict on the validity of old naira notes has created confusion in the country.

Daily Sun reports that naira scarcity has worsened as banks run out of old and new naira notes. The newspaper says motorists are now sleeping in filling stations as petrol scarcity worsens in Abuja, the country’s capital.

Source: Top Stories