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Top 10 Stories Across Nigerian Newspapers, MONDAY MORNING, APRIL 08, 2024

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Good morning news paper

Good morning.  Here is today’s summary from Nigerian Newspapers:

1. Electricity Tariff Increase: Falana Fires FG

  • Says FG Making Nigerians Pay For Inefficiency, Profligacy Of Those Managing Electricity Sector
  • FG Raising Funds For Cash-Strapped DisCos Majority Of Which Have  Been Taken Over By  Banks, AMCON
  • Unveils FG’s Plans To Increase Tariff Of Other Bands Soon
  • Obi Calls For Electricity Subsidy For Poor Nigerians

The controversies generated by the decision of the Federal Government of Nigeria to increase the electricity tariff of Band A customers (those who enjoy up to 20 hours) a day power supply from N66 kilowatt per hour to N225 kilowatt per house has refused to subside. READ MORE

2. Nigeria’s FX Reserves In Trouble, Dips By $1.02 billion In 18 Days As CBN Continues To Defend Naira

  • Plummets To Lowest Level Since February 20, 2024

Nigeria’s Foreign Exchange reserves appears to be in trouble as the latest Movement In Reserves data released by the Central Bank of Nigeria (CBN) has indicated that the reserves suffered a dip by $1.02 billion in 18 days READ MORE

3. Bank Recapitalization: Shareholders Eye Bank Stocks— Praise Inhansekhien

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Praise Ihensekhien, head of investment and research at Meristem Securities Limited and a financial expert, has made suggestions that the Central Bank of Nigeria’s (CBN) recent recapitalization policy may cause investors and shareholders to favor bank stocks more because of the increased liquidity flowing into the banking industry. READ MORE

4. I Am Not Leaving Labour Party Soon, Peter Obi Fires Back At NLC

Amid the internal crisis rocking the Labour Party (LP), the party’s presidential candidate in the 2023 general elections, Peter Obi, has reaffirmed his commitment to the party, dismissing rumors of an imminent departure. READ MORE

5. SERAP Slams Lawsuit Against Akpabio Over Alleged Budget Padding, Failure To Recall Ningi

The Socio-Economic Rights and Accountability Project (SERAP) has slammed a lawsuit against the Senate President, Mr Godswill Akpabio over “the failure to refer the alleged N3.7 trillion budget padding to appropriate anti-corruption agencies for investigation and prosecution, and to recall Senator Abdul Ningi, who blew the whistle on the allegations.” READ MORE

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6. Sultan Asks Muslims To Look Out For New Moon Today

Muhammad Sa’ad Abubakar, the Sultan of Sokoto, has asked Muslim faithfuls in the country to look out for the new moon of Shawwal 1445 AH on Monday. READ MORE

7. Lagos-Calabar Coastal Road: Landmark, Govt Deliberate On A Win-Win Solution To Save Structures

The Federal, and Lagos State governments are collaborating with Landmark Group with a view to achieving a win-win solution that will prevent the demolition of structures which notice has already been given. READ MORE

8. FG Declares Tuesday, Wednesday Public Holidays For Eid El-Fitr

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The Federal Government of Nigeria has declared Tuesday, 9th April and Wednesday, 10th April, 2024, as public holidays to mark the 2024 Eid El-Fitr celebration. READ MORE

9. Dabota Lawson: How Ex-Beauty Queen Turn Ex-husband to Best Friend

She is a well-known Nigerian businesswoman and philanthropist who was formerly a beauty queen. She reminisced and shared her tale with us in this interview. READ MORE

10. EPL: Pochettino makes demand from Chelsea players after 2-2 draw with Sheffield Utd

Chelsea boss Mauricio Pochettino has urged his players to be “more clinical” following a 2-2 draw with Sheffield United on Sunday. READ MORE

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