
Newspaper Headlines: More businesses to pack up over naira slump | IMF commends Tinubu’s policies
Reports on the state of the Nigerian economy and issues concerning the adoption of the use of concrete for road construction, dominate the cover pages of Nigerian newspapers. Source: Top Stories
‘Nobody can hold Nigeria to ransom’ — Umahi threatens to report contractors to ICPC
David Umahi, minister of works, says the federal government is committed to completing 18,897 kilometres of road projects inherited from the administration of former President Muhammadu Buhari. Umahi spoke on Tuesday after a meeting with the president at Aso Rock. The minister estimated the worth of the road projects to be N14 […]
Off-cycle polls: 5.4m Nigerians to vote in Bayelsa, Imo, Kogi, says INEC
The Independent National Electoral Commission (INEC) says 5,409,438 Nigerians are expected vote in the upcoming off-cycle elections in Bayelsa, Imo and Kogi states. The elections are scheduled to hold on November 11. In a statement on Tuesday, the commission said soft copies of the complete register of voters for each state will […]
Military court jails army general who stole $2.1m, N1.65b NAPL funds
A military special court martial has sentenced Umaru Mohammed, a former group managing director of Nigerian Army Properties Limited (NAPL), to seven years imprisonment. The court found Mohammed guilty of 14 out of the 18 count charges bordering on forgery, misappropriation of funds, and conspiracy, among others. According to the NAN, the […]
‘No amount of gang-up will stop it’ — Umahi insists on concrete for road construction
David Umahi, minister of works, says some contractors are undermining his efforts over insistence on the use of concrete for road construction in the country. Umahi said the contractors and some forces within the ministry of works want to “continue with the old order” on the road construction. Since his appointment as […]
‘There’s no forgery’ — Atiku explains why his SSCE certificate bears Sadiq Abubakar
Former Vice-President Atiku Abubakar has explained the discrepancy in the name on his senior secondary school examination (SSCE) certificate. In a post on X, Dele Momodu, former director of strategic communications of the Atiku Abubakar/Ifeanyi Okowa presidential campaign council, said the former vice-president offered the explanation following allegations of forgery against him by […]
Reps to investigate ‘use of dollar’ as legal tender in Nigeria
The house of representatives has asked the Central Bank of Nigeria (CBN) to address recurring depreciation of the naira against the dollar. The lower legislative chamber passed the resolution during the plenary session on Tuesday after the adoption of a motion sponsored by Ismaila Haruna Dabo, a lawmaker, from Bauchi state. The […]
‘Suppliers may not accept letters of credit’ — PwC says FX backlog to affect Nigeria’s import
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline in imports, PwC Nigeria says in its bi-monthly economic outlook for the country. In the October report, titled, ‘Impact of Global Economic Trends on Nigeria’s Foreign Exchange and the Way Forward’, PwC said […]
Nigeria to become net exporter of petroleum products by 2024, says Kyari
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says Nigeria will become a net exporter of petroleum products by next year. The target means that Nigeria seeks to achieve high production volumes that will enable increased export value of petroleum products than imports. Speaking on […]
Lagos airlifts 310 pilgrims from Jerusalem amid Israel-Hamas conflict
Babajide Sanwo-Olu, the governor of Lagos, says 310 pilgrims have been airlifted back to Nigeria from Jerusalem. On October 8, the Palestinian Hamas militant group infiltrated Israel in what was an unprecedented assault. At the time of filing this report, over 1,500 people have been confirmed dead from the conflict. Responding […]
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