Good morning. Here is today’s summary from Nigerian Newspapers:
1. N21Million Jumbo Pay: Akpabio, Abbass in Fresh Trouble As SERAP Drags them to Court
- Says Fixing own salaries and benefits is a breach of National Assembly members’ fiduciary duties
- Paying Running Costs Into Lawmakers’ personal accounts violates FG Financial Regulation Rule 713 provisions
Amidst controversy surrounding the National Assembly, the Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against Senate President Godswill Akpabio and House of Representatives Speaker Tajudeen Abbas, alleging they have failed to address unlawful practices regarding lawmakers’ allowances and running costs. READ MORE
2. Petrol Queues: NNPC Admits Debt to Suppliers as Main Cause
- Petrol Importation Scam Must Be Investigated — Falana
Nigeria’s state-owned oil company, NNPCL, has acknowledged a significant debt to petrol suppliers, which threatens the country’s fuel supply sustainability. Reports suggest a $6 billion debt has exacerbated the petrol scarcity, a persistent issue since 2024. NNPCL previously attributed supply shortages to logistics challenges and flooding.
READ MORE3. Zenith Bank Maintains Leading Position In Profitability As PBT Soars To N727 Billion In H1 2024 Result
Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in H1 2023 to N2.1 trillion in H1 2024. READ MORE
4. N23.43trn Export Boom Marred by Rising Cargo Rejection
The Nigerian Shippers’ Council (NSC) has expressed concern over the increasing rejection of Nigeria’s agro-products by other countries, despite a 44% increase in exports at Lagos Port terminals. READ MORE
5. FG To Invest $800 Million In Power Sector- Minister
The federal government plans to invest $800 million in constructing sub-stations and distribution networks as part of the Presidential Power Initiative (PPI). READ MORE
6. Tinubu Arrives In China For 5-Day State Visit
President Bola Tinubu has arrived in Beijing, China, for a five-day official state visit aimed at strengthening bilateral relations and advancing key economic initiatives. READ MORE
7. APC Clinches All Seats in Kebbi LG Elections
The Kebbi State Independent Electoral Commission (KESIEC), on Sunday, declared the All Progressives Congress (APC) as the winner of Saturday’s local council polls in the state. READ MORE
8. Experts Seek Food Import Policy Implementation to Check Inflation
Some experts, in separate interviews on Sunday, called for the full implementation of zero duty on imported food produce and local production of refined petroleum products to check Nigeria’s inflation rate READ MORE
9. Rema Donates N105M To Support Church’s Mission
Afrobeats sensation Divine Ikubor, popularly known as Rema, made a significant gesture of gratitude to his home church, Christ Embassy, on Sunday. READ MORE
10. Salah Hints At Liverpool Departure After Man Utd Masterclass
Mohamed Salah admitted this is likely his “last year” at Liverpool after his sparkling performance against Manchester United. READ MORE
