Good morning. Here is today’s summary from Nigerian Newspapers:
1. One Year Anniversary: Tinubu’s Scorecard Unveiled
- Fuel Subsidy Removal Halved Petrol Importation, Increased FAAC Allocation
- $7b FX Backlog Clearance Tops List Of Achievement
- Launching Of N100b CNG Bus Rollout Programme To Mitigate Effect Of Subsidy Removal
On Wednesday, May 29, 2024, President Bola Ahmed Tinubu celebrated his first-year anniversary as president of Africa’s most populous nation amid economic hardship experienced by Nigerians. READ MORE
2. Hush Money Trial: Trump Found Guilty On All 34 Counts
- To Be Sentenced July 11, “This Is Far From Over” Former President Kicks
Former US President, Donald Trump has been found guilty on all 34 counts of falsifying business records in the hush money trial he is facing. READ MORE
3. FG Moves To Cushion Effects Of Subsidy Removal With Commissioning Of 5.2 mmscfd CNG Plant In Lagos
In its continued efforts to provide alternative sources of fuel for Nigerians and lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos. READ MORE
4. Silence Of The Graveyard! Nigerian Army, Police Fail To Address Killing Of Soldiers In Abia
In what can be termed as a silence of the graveyard, the Nigerian Army and the Nigerian Police Force (NPF) has kept mum on the reported killing of soldiers in Obikabia Junction, Ogbor Hill area, Aba, Abia State several hours after the video of the incident went viral. READ MORE
5. Relief Impending As Tax Reform Committee Tasks FG To Peg Customs Import Duty Rate At N800/$1
Importers in the Nigerian business ecosystem might soon breathe a sigh of relief as the presidential committee on fiscal policy and tax reforms disclosed that it has proposed that the federal government peg an exchange rate of N800/$1 for customs import duty. READ MORE
6. Over 60,000 Federal Universities Students Have Applied For Loan, Says NELFUND
- Application For State-Owned Varsities To Be Opened In 3 Weeks
Over 60,000 students from federal universities in Nigeria have applied for the student loan scheme since its launch, The Matrix has gathered. READ MORE
7. Ahead Of Deadline, Labour, FG, OPS To Resume Minimum Wage Negotiations Friday
With the deadline imposed by the organized labour for the conclusion of discussion on a new minimum wage lapsing tomorrow, the Tripartite Committee meeting on the new minimum wage will reconvene on Friday, May 31, 2024, as the Federal Government has extended an invitation to Organised Labour for the continuation of negotiations. READ MORE
8. Supreme Court Issues Seven Days Ultimatum To States To File Defence In LG Autonomy Suit
The Supreme Court of Nigeria has issued a seven-day ultimatum to the 36 State Governors to file their respective defence to a suit instituted against them by the Federal Government. READ MORE
9. After Launch, Davido’s New Cryptocurrency Token Lost 93% Of Its Value.
The popular Afrobeat artist from Nigeria, David Adeleke, often known as Davido, announced on Wednesday the creation of a memecoin, a cryptocurrency inspired by himself. READ MORE
10. Enzo Maresca Agrees Five-Year Deal To Become Chelsea’s Head Coach
Enzo Maresca has agreed terms on a five-year deal with Chelsea to become their new head coach. READ MORE
