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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 25 2016

THE GUARDIAN NEWSPAPER

Nigeria ranks 64th on minority shareholders’ interest index
Finance Minister, Kemi Adeosun, yesterday, described as gladdening Nigeria’s 64th ranking among 140 countries on the protection of minority shareholders interest, comparing favourably with China, 71st; Brazil, 78th; and Russia 116th respectively in the latest World Economic Forum ranking index of 2013/2016. READ MORE

CBN warns of imminent recession, retains interest rates
Nigeria is on the brink of recession. This is due to the low level of economic activities in the country occasioned by the late passage of the Federal Government budget by the current administration which has made the country to suffer two successive negative quarters. READ MORE

Leadership tussle: PDP in quest for political solution
Sequel to the stalemate occasioned by the different litigations over the leadership tussle and control of the Peoples Democratic Party (PDP), the chieftains and stakeholders are exploring a way out outside the court processes. READ MORE
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VANGUARD NEWSPAPER

Fuel price: FG meets Wabba faction of NLC today
THE Federal Government will today resume negotiation with the Ayuba Wabba-led faction of Nigeria Labour Congress, NLC, following Sunday’s suspension of its nationwide industrial action to force government to reverse the pump price of petrol to pre-May 11 price of N86.50 from the current price of N145 per litre. READ MORE

Now there is no money to run government – Amaechi
Abuja – The Minister of Transportation, Rotimi Amaechi on Tuesday appealed to Nigerians to be patient and give the administration more time to achieve its objectives.  READ MORE

How Ex-NNPC boss bought £890,000 UK home
ABUJA—A former Group  Managing Director of the Nigerian National Petroleum Corporation, NNPC, Abubakar Lawal Yar’Adua, bought a posh house worth £890,000 in London using a secret offshore company he registered in the British Virgin Island. READ MORE
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THE NATION NEWSPAPER

‘Badeh asked me to claim N1.8b property’
Crosecution witness in the trial of former Chief of Defence Staff Alex Badeh gave details yesterday on how he failed in his attempt to conceal the ownership of a shopping mall worth N1.8 billion he built for the ex-defence chief in Abuja. READ MORE

EFCC declares Omisore wanted over N700m arms cash
The Economic and Financial Crimes Commission(EFCC) yesterday declared a Deputy Governor of Osun State, Senator Iyiola Omisore wanted in connection with alleged N700million paid to a company in which he has interest by the Office of the National Security Adviser (ONSA).READ MORE

Ekiti workers begin strike over unpaid salaries
There is tension in the Ekiti State civil service over the five month salary arrears owed workers. The workers are also aggrieved over government’s failure to pay last December deductions. The state councils of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and Joint Negotiation Council (JNC) have issued another 48-hour ultimatum to the government to pay the December deductions or face an industrial action. READ MORE
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BUSINESS DAY NEWSPAPER

Buhari softens economic stance with second major policy shift
CBN signals dual exchange rate coming MPR/CRR unchanged States to see higher allocations Unshackled economy may return to growth In a second major economic policy shift following the deregulation of fuel prices Nigerian President Muhammadu Buhari softened his rigid posture on the naira dollar rate with the Central Bank of Nigeria (CBN) signalling yesterday, the… READ MORE

AfDB moves to boost electricity supply along Nigeria-Benin corridor
The African Development Bank (AfDB) and West Africa Power Pool (WAPP), a specialised institution of the Economic Community of West African States (ECOWAS), have signed a grant agreement worth $1.99million to support the Nigeria-Benin Interconnector Reinforcement Project (IRP). The grant will help the construction of a 330 kV double circuit high voltage transmission line from… READ MORE

Stakeholders canvass single-digit loans for increased agric productivity
Stakeholders are canvassing for government’s extension of low interest loans to farmers as a replacement for the current dysfunctional fertiliser subsidy scheme to increase Agriculture productivity. The removal of fertiliser subsidy, according to several stakeholders who spoke with BusinessDay, will consolidate on the sector’s growth, as crop production will see a significant boost. “I support… READ MORE

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