Good morning. Here is today’s summary from Nigerian Newspapers:
1. Supreme Court Judgment: Presidency, Obi Trade Tackles
- Courts Don’t Rule On Mob Sentiments But Evidence And Rule Of Law-Presidency
- Urges Obi To Campaign On Issues, Not Religious, Public Sentiments Ahead Of 2027
- Obi Blows Hot, Says S’Court Exhibited Disturbing Aversion To Public Opinion
The fallout of the Supreme Court ruling on the 2023 Presidential Election is far from over as some of the gladiators have refused to sheathe their swords. READ MORE
2. FG Targets $2bn Investment, Jobs From CNG Conversion Centre
The Federal Government of Nigeria is targeting an investment of over $2bn from the newly commissioned Compressed Natural Gas (CNG) conversion facility in Lagos. READ MORE
3. Forex Backlog:About 90% of Airlines Trapped Funds Have Not Been Cleared
While business stakeholders applaud the Central Bank of Nigeria’s recent intervention in the foreign exchange market, foreign airlines operating in the country report that about 90 percent of their funds, previously held up, remain uncleared. READ MORE
4. EFCC Defies Judge, Fails To Produce Emefiele In Court
In an apparent defiance of a court order, the Economic and Financial Crimes Commission (EFCC) failed to produce former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele at the High Court of the Federal Capital Territory on Monday. READ MORE
5. Two Allegedly Killed As Generator Explosion Rocks Canadian High Commission In Abuja
The Canadian High Commission in Abuja has been rocked by an explosion that has allegedly left two people dead.
“It was an explosion,” a security source has declared in reaction to the raging inferno at the High Commission of Canada in Nigeria, maintaining that two people have already been confirmed dead. READ MORE
6. Mohbad Death Suspects, Naira Marley, Sam Larry get N20m bail
Azeez Fashola, better known by his stage name Naira Marley, and Lagos socialite Balogun Eletu, better known by his stage name Sam Larry, were given N20 million in bail on Monday by a Magistrate’s Court in Yaba, Lagos State, subject to three responsible obligations. READ MORE
7. Sad News As Family Confirms Amputation Of Mr Ibu’s Leg
In heartbreaking news, the family of actor John Okafor, popularly known as Mr Ibu, has confirmed that one of his legs has been amputated. READ MORE
8. DMO Releases 2 New FGN Savings Bond Offers
The Debt Management Office (DMO), on Monday released two New Federal Government of Nigeria (FGN) savings bond offers for subscription.
According to the DMO, the first offer is a two-year FGN savings bond due in Nov.15, 2025 at an interest rate of 12.464 Per cent per annum. READ MORE
9. Tinubu Grieves With Soludo Over Father’s Demise, Mourns Sheikh Yusuf Ali
President Bola Tinubu has sympathised with the Executive Governor of Anambra State, Professor Chukwuma Soludo, over the death of his father.
The President said Pa Simeon Soludo, who was a dignified and charitable family man, lived a fruitful life that is exemplified in the achievements, personal quality, and sterling records of his son, Governor Chukwuma Soludo. READ MORE
10. Why Naira Regained Strength At FX Market-ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has shed light on reasons Naira is regaining strength against the dollar.
According to Alhaji Aminu Gwadabe, the President of ABCON, this positive development can be attributed to the simultaneous injection of dollars into the market and the removal of Naira through interest rate hikes. READ MORE
