Good morning . Here is today’s summary from Nigerian Newspapers:
1. Debt, Inflation, War Weigh Down Global Economy-IMF
The International Monetary Fund (IMF) and the World Bank have projected a decline in global economic growth on the basis of debt, inflation the ongoing war in Russia and Ukraine and lately, the breakout of hostility between Israel and Palestine.
Rising from a weeklong Spring Meeting in Marrakech, Morocco the annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday. READ MORE
2. Bayelsa: APC Optimistic Of Victory Despite Sylva’s Disqualification
The All-Progressives Congress, APC, has expressed optimism that the party will emerge victorious in the November 11, 2023 governorship polls in the state in spite of the disqualification of its candidate, Chief Timipre Sylva.
The Chairman of the National Campaign Council of the party, Gombe State Governor Inuwa Yahaya, stated this when he spoke with newsmen in Yenagoa. READ MORE
3. Tinubu Presides Over FEC Monday
President Bola Tinubu is reportedly scheduled to convene a Federal Executive Council (FEC) meeting on Monday, the 16th of October, 2023. This will mark the second time during his tenure as president that he has presided over a FEC meeting. The first meeting took place on the 28th of August, following the swearing-in of new ministers on August 21, which occurred at the Conference Hall in the State House, Abuja. READ MORE
4. Lagos Govt Seals Hospital For Transfusing Unscreened Blood Into Patients
The Lagos State government has shut a private hospital at Ago-Okota in Oshodi-Isolo Local Government Area for collecting and transfusing unscreened and unlabelled blood to unsuspecting patients.
Bodunrin Osikomaiya, the executive secretary of Lagos State Blood Transfusion Service (LSBTS), said this in a statement signed by Tunbosun Ogunbanwo, the state Ministry of Health’s spokesperson, on Sunday in Lagos. READ MORE
5. Banned On 43 Items Responsible For Exchange Rate Disparity-CBN
The Central Bank of Nigeria (CBN) has made a surprising reversal in its stance, attributing the widening gap between official and black market exchange rates to the 43 banned items introduced in 2015.
As a countermeasure, they have decided to lift the ban on these items, citing their belief that these restrictions had inadvertently pushed importers towards the parallel market, resulting in increased demand for foreign exchange and, subsequently, mounting pressure on the parallel-market exchange rate, leading to higher prices. By lifting the ban, the CBN aims to narrow the gap
between the official and black market exchange rates. READ MORE
7. Kogi, Imo, Bayelsa Election Results To Be Uploaded On IReV-INEC
The Chairperson of the Independent National Electoral Commission (INEC), Mahmood Yakubu, has stated that the polling unit results of the governorship elections in Bayelsa, Imo, and Kogi states will be uploaded on its Result Viewing Portal (IReV). This announcement was made during a visit to monitor a mock accreditation exercise in Kogi ahead of the November 11 governorship elections in these states.
Mr. Yakubu emphasized that the uploading of results is a legal requirement, although he did not specify how promptly the results would be uploaded to IReV. This cautious approach might be influenced by past criticism stemming from the failure to promptly upload polling unit results during the last presidential election, which raised questions about the credibility of the poll. READ MORE
8. One Million Displaced As Israel Prepares For Ground Attack
The United Nations (UN) has disclosed that more than one million people have been displaced in the Gaza Strip in the last week following sustained Israeli bombardment. This is even as warnings about a ground attack against Hamas commanders have surfaced.
A week ago, Israel declared war on the Islamist Group, a day after waves of fighters broke through the heavily fortified border and shot, stabbed and burned to death more than 1,400 people, most of them civilians. READ MORE
9. Drive Against Traffic, Forfeit Your vehicle, Lagos Warns Motorists
The Lagos State Government, through its Special Offences (Mobile) Court, is taking a firm stance on enforcing traffic laws in the state.
The Attorney General and Commissioner for Justice, Lawal Pedro, represented by the Director for Directorate of Public Prosecutions, Dr. Babajide Martins, emphasized this during a one-day sensitization program organized by the Mobile Court with the theme “Zero Tolerance for Violation of Traffic Laws at Bolade, Oshodi, Lagos.” READ MORE
10.President Tinubu Will Adhere To Statutory Limits Of Ways And Means – Wale Edun
The statement from Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, provides some important insights into Nigeria’s approach to budget support and financing, particularly with regards to the Central Bank of Nigeria (CBN) and the World Bank: READ MORE
