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Newspaper Headlines: Marketers say subsidy inevitable to maintain current petrol pump price

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August 19, 2023
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Reports on the removal of petrol subsidy, planned military intervention in Niger Republic, and the N180 billion palliatives dominated the cover pages of Nigerian newspapers.

The Punch reports that the federal government may be secretly paying an unspecified amount to oil marketers to maintain the current pump price. The newspaper says Economic Community of West African States (ECOWAS) defence chiefs have expressed readiness to use military intervention to restore civil rule in Niger Republic if diplomatic efforts fail.


The Nation says varied reactions have trailed the decision of the federal government to disburse N5 billion to each of the 36 states as palliatives over the removal of petrol subsidy. The newspaper says the Central Bank of Nigeria (CBN) has returned Bureau De Change (BDC) operators to the foreign exchange market with new guidelines.


Daily Independent says analysts have bemoaned the exit of blue chip companies from Nigeria, saying the trend is hurting the country’s economy. The newspaper reports that the Nigerian Bar Association (NBA) has asked Flora Azinge, a tribunal judge in Kano, to name the senior advocate of Nigeria who allegedly attempted to bribe her with N10 billion.


Daily Sun reports that Catholic bishops in the south-west have warned ECOWAS against embarking on military intervention to restore democracy in Niger Republic. The newspaper says the United Nations Children Fund (UNICEF) said there are 400,000 malnourished children in the north-east zone of the country.

Source: Top Stories

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