Good morning. Here is today’s summary from Nigerian Newspapers:
1. Guber Elections: How Uzodinma, Ododo Clinched Victory
- Oppositions Kick As Death, Abduction, Outcry Trail Election
- Diri, Sylva In Nervous Wait As Collation Is Adjourned To Noon Monday In Bayelsa, Again
- INEC Charges Police, Others To Secure Release Of Abducted Officials In Bayelsa
After a nerve-wracking, intense voting exercise in the November 11, 2023, off-cycle governorship elections in Bayelsa, Imo and Kogi States, the duo of Hope Uzodinma and Usman Ododo have emerged victorious in Imo and Kogi states respectively while there is an anxious wait for a winner to emerge in Bayelsa State. READ MORE
2. Worrying Days Ahead As KPMG Predicts Nigeria’s Inflation Rate To Hit 30% By December 2023
· Higher Transport Production Costs Dampen Consumer Spending Leading To Increasing Inflation
There are worrying days ahead as global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted that Nigeria’s headline inflation rate has been tipped to hit 30% by December 2023. READ MORE
3. Dangote Refinery Secures Permit to Process 300,000 Nigerian Crude Daily
The Dangote Refinery, led by Alhaji Aliko Dangote, has obtained a license to refine more than 300,000 barrels of crude daily. In an interview during the Saudi-Nigeria business roundtable in Riyadh on November 11, Dangote highlighted the imminent commencement of refinery operations. READ MORE
4. NGX Mulls Dual Listing With Saudi Stock Exchange
Dr. Umaru Kwairanga, the Group Chairman of the Nigerian Exchange Group, has alluded to the forthcoming dual listing plans with the Saudi Exchange. He emphasized that the economic reforms spearheaded by President Bola Tinubu have opened up opportunities for investment in Africa’s largest economy. READ MORE
5. VCs write FG, Kick Against 40% Varsities IGR Deduction
The Committee of Vice Chancellors of Nigerian Universities has expressed its disapproval of the Federal Government through a protest letter, urging the government to reconsider its plan to deduct 40 percent of the Internally Generated Revenues (IGR) of federal universities. READ MORE
6. AfDB to Disburse $618 Million to Nigeria’s Digital, Creative Programme
African Development Bank has finalised arrangements to disburse $618 million to Nigeria under the Investment in Digital and Creative Enterprise programme.
AfDB’s Country Director-General for Nigeria, Mr Lamin Barrow, said in Marrakesh, Morocco on Sunday that the Nigerian government was in the process of recruiting a fund manager for the project. READ MORE
7. NNPCL Restores Oil Production of 275,000 bpd at TotalEnergies
NNPCL, as confirmed by Olufemi Soneye, Chief Corporate Communications Officer, has successfully restored the production of 275,000 barrels per day at TotalEnergies.
READ MORE
8. SERAP Urges INEC To Arrest Electoral Offenders In Bayelsa, Kogi, Imo
The allegations of bribery and violence in the off-cycle governorship elections in Kogi, Imo and Bayelsa states have drawn the ire of the Civil Society Organisation, the Socio-Economic Rights and Accountability Project (SERAP). READ MORE
9. Cambridge Launches Programme To Support Early Years Education In Nigeria
Declaring that it will support early childhood education in Nigeria for children as young as three years old, Cambridge has launched its first early years education program in the nation.
READ MORE
10. Israel’s President Denies Striking Gaza’s Al-Shifa Hospital
Israeli President Isaac Herzog has denied that Israel is striking Gaza’s largest hospital, Al-Shifa Hospital
Reports from staff at Al-Shifa suggest the facility, sheltering thousands of Palestinians, has run out of electricity. READ MORE
