Favour WinnerHere are top 10 stories in Nigerian newspapers today June 6, 2024 in politics, business and economy, and others
1. Naira Appreciates to N1,475/$ in Parallel Market
The naira appreciated from N1,480 per dollar on Monday to N1,475 per dollar yesterday in the parallel market.
Join our WhatsApp ChannelHowever, the naira depreciated to N1,476.95 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM, official window.
2. Minimum Wage: No Offer From Govt Yet – Osifo
The members of the tripartite committee, which comprises of the Federal Government and labour unions, reconvened in Abuja on Wednesday to resume talks on a new minimum wage for Nigerian workers.
The President of the Trade Union Congress (TUC), Festus Osifo, while speaking with newsmen after the meeting said that the Federal Government has not presented any new minimum wage offer yet. Read more
3. Obidient Movement Not Tied To Any Political Party – Obi
Following the recent decision of the Labour Party (LP), to create a directorate for the Obidient Movement in the party, the presidential candidate of the party in the 2023 general elections and the principal mentor of the Obidient Movement In Nigeria, Mr. Peter Obi, has said that the movement is not domiciled in any political party.
According to Obi, the movement transcends beyond political parties, sex, tribe, religion or geopolitical area and that its membership is not limited to any particular affiliation. Read more
4. Borrow Only As Last Resort – PFPTRC
The Presidential Fiscal Policy and Tax Reforms Committee (PFPTR), has advised the Federal Government to the need to cut down on excessive borrowing.
In a workshop held in Lagos to sensitise stakeholders of its inputs on the proposed 2024 tax reforms, the Committee Chairman, Taiwo Oyedele, had said that borrowing should be a last resort and should be used for projects that contribute to long-term economic growth or to address critical needs.
5. IMF Reports Increase in Nigeria’s Current Account Balance
The International Monetary Fund, IMF has revealed in a report that there has been an increase in Nigeria’s current account balance.
In the report titled, ”World Economic Outlook Database,” the international financial institution noted that there was an improvement of $1.432bn in 2024 from the $1.21bn surplus recorded in 2023.
6. PenOp Recommends Inflation Indexed Bonds
Pension Fund Operators Association of Nigeria (PenOp) has recommended the issuing of inflation indexed bonds.
According to the association, this would protect the savings of the country from inflation and devaluation.
7. Vandals Responsible for Abuja-Kaduna Train Derailment – NRC
The Nigerian Railway Corporation (NRC) has revealed that the cause of the derailment of the Abuja-Kaduna train on Wednesday evening was as a result of the removal of the track fastening clips by vandals.
Deputy Director of Public Relations, Yakub Mahmood, in a statement released yesterday explained the cause of the technical hitch and assured that all the passengers were safely returned to Abuja.
8. JAMB Expresses Concern Over Low Turnout of Direct Entry Registration
The Joint Admissions and Matriculation Board (JAMB), has expressed concerns over the low turnout of candidates for the Direct Entry registration as the exercise draws to a close.
In a statement by the spokesman of the board, Fabian Benjamin, yesterday, it was observed that the “expansion of registration centres was needless as the turnout in JKK Lagos, JAMB PRC, Ikoyi and Ogba, Ikeja, Lagos, is low”.
9. Court Orders Forfeiture of Property Linked to Emefiele
A Federal High Court in Lagos, has ordered the interim forfeiture of property worth N11.14 billion allegedly linked to former Central Bank of Nigeria, (CBN) Governor, Mr. Godwin Emefiele.
The order, which was granted by the trial judge, Justice Chukwujekwu Aneke following an ex parte application filed by Economic and Financial Crimes Commission (EFCC), counsel, Mr. Rotimi Oyedepo, SAN mandated the interim forfeiture of the property to the Federal Government.
10. Journalist detained over report on Lagos based businessman
Precious Eze, a journalist and publisher of the online newspaper, News Platform, has been arrested and detained over a publication of reports on a prominent businessman and politician, Prince Chris Odinaka Igwe.
The arrest, which took place at Eze’s Lagos home in Gbagada on Monday, 27th May, adds to the growing case of intimidation of journalists and concerns about dwindling press freedom.
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