Good morning. Here is today’s summary from Nigerian Newspapers:
1. Anxiety As Nigeria’s Debt Hit N87.9trn In Sept 2023
- Debt Profile Rose By 0.61% In 3 Months
- Says FG Honouring Obligation By Servicing Debt
- Domestic Borrowing Soars By 134%, Hits N52tn
The issue of Nigeria’s ballooning debt profile came to the fore again on Wednesday, December 20, 2023 as the Debt Management Office (DMO) disclosed that the country’s total public debt as at September 30, 2023 has increased N87.91trn. READ MORE
2. Shettima Reiterates FG’s Resolve To Protect MSMEs At All Cost
- As FG Commences N75b Loans Disbursement In January
Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria. READ MORE
3. Reps Move to Revive Chinese/Nigeria Currency Swap Deal
Due to consistent losses, in value of Naira with counterpart Us Dollar,the House of Representatives has called on the Federal Government and the Central Bank of Nigeria to speed up the adoption of the Chinese Yuan as an alternative trading currency. READ MORE
4. Akpabio Declares Umahi, Geidam Senate Seats Vacant, Mandates INEC To Conduct By-Election
Following their appointment into the cabinet of President Bola Ahmed Tinubu as Ministers of the Federal Republic of Nigeria, Senate President Godswill Akpabio has declared the seats of Senator Dave Umahi of Ebonyi South Senatorial District and Ibrahim Geidam of Yobe East Senatorial District vacant. READ MORE
5. Budget Defense: Senate, CAC Boss Clash Over Failure To Appear Before Upper Chamber
A showdown is looming between the Nigerian Senate and the Corporate Affairs Commission (CAC) as the Senate Committee on Finance has directed the Inspector General of Police (IGP) Kayode Egbetokun to mandate Hussaini Magaji, Registrar General of the CAC to appear before the committee in the next 24 hours to explain its financial accounts and defend the 2024 budget. READ MORE
6. Ban Importation of Year 2000 to 2007 Model cars -Osanipin
Joseph Osanipin, the Director-General of the National Automotive Design and Development Council (NADDC), has proposed to the Federal government to ban the importation of used vehicles from 2000 to 2007.
READ MORE
7. BUA Group Ventures into the Energy Market Through LNG Initiative
Bua Group, One of Africa’s largest food, mining, manufacturing, and industrial conglomerates, has set its sights on the energy market with its focus on gas as it signed an agreement to establish a mini Liquified Natural Gas (LNG) plant in Nigeria. READ MORE
8. Alake Discloses Tinubu’s Plan Of 50% Discount On Road Travel, Free Train Rides Till Jan 4
A 50% discount on road transport travel throughout the nation is authorized by President Tinubu during the period of December 21, 2023, to January 4, 2024. READ MORE
9. CAF Confirms 23-Man Super Eagles’ Provisional AFCON 2023 List
The 41-man preliminary roster for the 2023 Africa Cup of Nations, led by Super Eagles head coach Jose Peseiro, has been confirmed by the Confederation of African Football (CAF). READ MORE
10. Akpabio Swears Lalong In As Senator After Resigning Ministerial Position
The former minister of labor and employment, Simon Lalong, has taken the oath of office to serve as a senator for the Plateau South Senatorial District. READ MORE
