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Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.

For today, May 10 2016:

THE GUARDIAN NEWSPAPER

Poor infrastructure threatens 30% broadband target
With two years to the realisation of the Federal Government’s planned 30 per cent broadband penetration in the country, there is pessimism that lack of needed infrastructure may affect the set target. READ MORE

My assets’ form tampered with, Saraki tells CCT
Senate President Bukola Saraki yesterday alleged that his assets’ declaration form submitted in 2003 when he was the Governor of Kwara State had been tampered with. READ MORE

Shell cuts 2016 spending to $30b as profit tumbles
Royal Dutch Shell has drastically reduced its capital spending for 2016 to $30 billion, even as it recorded $4billion profit, but an 83 per cent drop in its earnings for the first quarter of 2016. READ MORE
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VANGUARD NEWSPAPER

Fani-Kayode adamant over N840m campaign fund
Abuja—There were indications last night that the embattled former Aviation Minister and spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode, might not be freed from the custody of the anti-graft agency in a short while. READ MORE

CCT trial: Saraki had 14 cars worth N263.4m before becoming gov 2003 — Witness
ABUJA — The Federal Government, yesterday, told the Code of Conduct Tribunal, CCT, sitting in Abuja that the Senate President, Dr. Bukola Saraki, owned 14 exotic cars worth N263.4 million, prior to his emergence as the governor of Kwara State in 2003. READ MORE

Nigerians groan as fuel scarcity resurfaces
Barely 24 hours after reports indicated the possibility of partial deregulation of the downstream petroleum sector, and days the country had a breather from scarcity, long queues have resurfaced at filling stations across the country, as most of them indulged in product hoarding ahead of the deregulation. READ MORE

Fantastically corrupt: Buhari tackles David Cameron
British Prime Minister, David Cameron, has described Nigeria and Afghanistan as “fantastically corrupt” in a conversation with the Queen of England, Elizabeth II. READ MORE
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BUSINESS DAY NEWSPAPER

Weak Q1 earnings show Nigeria in tough times
Nigerian businesses struggled to wade through the realities of a tough economic environment in the first-quarter (Q1) of 2016 despite that their shareholders and customers’ remained hopeful in the country’s worst times ever. In the first-quarter (Q1) to March 31 2016 companies reported wide profit variance against the corresponding period in 2014 as weaker than… READ MORE

High food prices squeeze consumers amid brighter prospect for oil revenue
The past one month  has been challenging  for consumers, as prices of food stuffs have soared more than 40 percent, despite brighter prospects for global oil prices at the international market. Their plight is heightened by the weakened naira and the shortage of petroleum products which have reduced the disposable income of consumers. Analysts say… READ MORE

More troubles for airlines as trapped funds rise to $700m
The capital controls and unorthodox FX policies enacted by the Federal Government have continued to impact airline operators negatively, as their funds trapped in Nigeria rose to $700 million in April, from about $500 million ij January. The consequence of this is the restricted sale of cheap ticket classes in naira. Experts say this development… READ MORE
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THE NATION NEWSPAPER

Saraki: I was extremely rich before becoming governor
Senate President Bukola Saraki said yesterday that he was “extremely rich” before he became Kwara State governor in 2003. READ MORE

Nigeria rejects Cameron’s ‘fantastically corrupt’ label
There was outrage yesterday over British Prime Minister David Cameron’s description of Nigeria and Afghanistan as “fantastically corrupt”. READ MORE

N2.5b bazaar: EFCC gets warrant to remand Fani-Kayode for two weeks
The Economic and Financial Crimes Commission (EFCC) yesterday secured a remand warrant to detain a former Minister of Aviation, Chief Femi Fani-Kayode, in connection with the N2.5billion illegally withdrawn from the Central Bank of Nigeria (CBN) and paid into the accounts of six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG). READ MORE

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