Favour WinnerHere are top 10 stories from Nigerian newspapers today on politics, business and economy, entertainment and others.
1. CBN Revises Guidelines For Foreign Currency Deposits
The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs).
In a circular dated 27 June 2024 signed by CBN’s acting director, Currency Operations Department, Mohammed Olayemi, the apex bank directed DMBs to deposit excess foreign currency notes at its branches in Lagos and Abuja. Read more
2. Nigerian Govt Disburses Second Batch of N5bn Creative Fund to Nollywood
The Federal Government, in collaboration with Providus Bank, has disbursed the second batch of the N5 billion Creative Fund, established in December 2023, to support and nurture Nigeria’s creative sector.
Fegho Umunubo, the Special Assistant to the President (Office of the Vice President) on Digital and Creative Economy, made the disclosure via social media.
3. Minimum Wage: Labour Rejects Nigerian Governors’ Plea For Negotiation With State Workers
The Nigerian Labour Congress (NLC) has rejected the suggestion of governors asking to be allowed to negotiate minimum wage of its workers. It described the suggestion as dictatorial and against the minimum wage concept.
The Southern Governors Forum, had on Thursday issued a communique at the end of their meeting held in Abeokuta, Ogun State capital where they suggested that each state should be allowed to negotiate what it could pay its workers.
4. Tinubu signs Executive Order Removing Tariffs, VAT on Pharma imports
President Bola Ahmed Tinubu has signed an Executive Order to introduce zero tariffs, excise duties, and VAT on specialised machinery, equipment and pharmaceutical raw materials to bolster local production of essential healthcare products.
5. FG Receives 103 Nigerians Deported from Turkey
No fewer than 103 Nigerians have been deported from Turkey due to issues like expired visas, irregular migration and others and have been received by the Federal Government.
This was made known on Friday evening by the Federal Commissioner, National Commission for Refugees Migrants and Internally Displaced Persons (NCFRMI), Alhaji Tijani Ahmed during the deportees’ profiling in Abuja
6. Big Players Behind Oil Theft Based outside Niger Delta – Sen. Dickson
Former governor of Bayelsa State, Senator Seriake Dickson (PDP-Bayelsa West) has described those behind crude oil theft as ‘big players’ who reside outside the Niger Delta region.
He made this allegation during his visit to the Pere of Gbaramatu Kingdom, Oboro-Gbaraun II, Aketepe, Agadagba at Oporoza, headquarters of Gbaramatu Kingdom, Warri South-West Local Government Area of Delta.
7. Middle Belt Forum Condemns MACBAN Position on Ranching Bill
The Middle Belt Forum (MBF), has tackled the Miyetti Allah Cattle Breeders Association (MACBAN) for rejecting the ranching bill before the Senate describing the rejection as a recipe for disaster.
National President of MBF, Dr. Bitrus Pogu stated this during the weekend in reaction to an interview by a national television with the National President of MACBAN, Baba Ngelzarma where he outrightly rejected the bill because it was being sponsored by a Benue lawmaker.
8. Nigeria’s Economic Crisis Will be Solved by God’s Grace – Jonathan
Former Nigeria’s President, Goodluck Jonathan, has expressed optimism that the current socio-economic crisis in the country would be solved by the grace of God.
He stated this in Yenagoa, Bayelsa State on Friday while declaring open the “2024 Annual Law Week” of the Yenagoa Branch of the Nigerian Bar Association (NBA), with the theme: “The Legal Profession in a time of socio-economic uncertainty.”
9. I didn’t Expect Much From Tinubu’s Administration – Princewill
Politician, film producer and philanthropist, Tonye Princewill, has said in an interview that he didn’t expect much from President Bola Tinubu’s administration.
According to the 2015 Labour Party and 2007 Action Congress candidate for Governor of Rivers State, Nigeria’s problems are bigger than who is the President and the system inherited by the president was not great and has never been great.
10. At Least 30 Killed in Kenya Protest – HRW
Kenya National Commission on Human Rights, Human Rights Watch, on Saturday, said that at least 30 people have been killed this week in the anti-government protest going on in the East African country. The protests were sparked by a government quest to substantially raise taxes in the country.
The commission in a statement said, “Although there is no confirmation on the exact number of people killed in Nairobi and other towns, Human Rights Watch found that at least 30 people had been killed on that day based on witness accounts, publicly available information, hospital and mortuary records in Nairobi as well as witness accounts”
