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Pulse brings you front page stories from Nigeria’s leading newspapers on a day-to-day basis.

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

For today, Friday, January 29, 2016:

VANGUARD NEWSPAPER

N29bn Arms probe: EFCC detains ex-Chief of Air Staff, Amosu

ABUJA—Following his alleged indictment in the N29 billion arms probe, former Chief of Air Staff, Air Marshall Adesola Amosu, was, Wednesday, invited by the Economic and Financial Crimes Commission, EFCC, grilled on his role and  detained because all issues pertaining to his alleged indictment were not concluded. READ MORE:

I won’t devalue Naira, Buhari insists

ABUJA—Former President, Chief Olusegun Obasanjo, has lambasted members of both arms of the National Assembly, accusing them of greed, impunity and corruption. Obasanjo, whose accusation was contained in a January 13, 2016, letter addressed to the Senate President, Bukola Saraki, and speaker of the House of Representatives, Yakubu Dogara, lamented that the lawmakers had failed to show understanding, in view of the present economic situation in the country, caused by a crash in the price of crude oil in the international market.  READ MORE:

N-Delta militancy fuelled by non-clean up of Ogoniland —Buhari

ABUJA—President Muhammadu Buhari, yesterday, in Nairobi, Kenya, said that non-clean up of oil spillages in the Niger Delta especially in Ogoniland, was responsible for the militancy the region witnessed in times past The president consequently vowed to clean up the land by implementing the United Nations Environmental Programme, UNEP’s recommendations to save the land.

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THE PUNCH NEWSPAPER

Buhari using weapons I bought to fight B’Haram – Jonathan

Former President Goodluck Jonathan says he is proud of the foundation he laid for the present progress the Nigerian Army is recording against the Boko Haram sect. He said the military equipment purchased during his administration is still being used to prosecute the terror war, adding that no new equipment has been bought since he left office. READ MORE:

New electricity tariffs take effect on Monday – NERC

The new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said. Akah, who said this when he led top executives of the regulatory agency on a courtesy call on the National Orientation Agency in Abuja on Thursday, also said there was no going back on the new tariffs.

Fire destroys shops, filling station in Lagos

No fewer than 200 shops were destroyed on Thursday after fire razed some sections of the sawmill in the Jakande Market, in the Ikosi-Ketu area of Lagos State. This is just as a fuel-laden tanker went up in flames at the MRS filling station in the Lawanson area of the state. The Ketu fire, which started around 4am, also destroyed three cars, an office and a toilet facility within the market. Traders estimated their losses at millions of naira. READ MORE:

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THE GUARDIAN

Buhari rejects naira devaluation

PRESIDENT Muhammadu Buhari has declared that his government will not devalue the naira. He noted that devaluing the naira would not confer any benefit on the citizens. Buhari spoke late Wednesday in Nairobi, Kenya at an interactive meeting with Nigerians resident in that country. According to a statement yesterday by his Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari maintained that while export-driven economies could benefit from the devaluation of their currencies, move would only result in further inflation and hardship for the poor and the middle class in Nigeria’s import-dependent economy. READ MORE:

Kogi indigenes take govt to ECOWAS Court over Bello

SENIOR lawyers yesterday continued to differ on the implications of the new Kogi State Governor, Yahaya Bello being sworn in without a deputy. Meanwhile, 24 hours after Bello was sworn in, a group of concerned indigenes have approached the ECOWAS Court of Justice seeking to nullify the election in which Bello was declared a winner.

EFCC arrests Air Force ex-chief Amosu as govt trails Maina

AS the Economic and Financial Crimes Commission (EFCC) intensified its investigation into the alleged corruption in the military, it has arrested former Chief of Air Staff, Air Vice Marshal Adesola Amosu (rtd).Amosu was arrested on Wednesday night at 9 p.m. and has since been detained by the anti-graft agency.

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THE NATION NEWSPAPER

Obasanjo under attack over letter to National Assembly

Ex-President Olusegun Obasanjo’s letter to the National Assembly over lawmakers’ “reckless spending” and insensitivity to the country’s economic downturn yesterday generated ripples. The ex-President received knocks from the House of Representatives whose spokesman described his correspondence as “a distraction”. Obasanjo, in a January 13 letter to Senate President Bukola Saraki and House of Representatives Speaker Yakubu Dogara, accused the lawmakers of reckless spending and abuse of office. He asked them to return to the path of honour. READ MORE:

Buhari rejects naira devaluation

President Muhammadu Buhari has said he is yet to be convinced that Nigerians will benefit from an official devaluation of the Naira. He spoke on Wednesday at an interactive meeting with Nigerians living in Nairobi,  Kenya. President Buhari, in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, maintained that while export-driven economies could benefit from devaluation of their currencies, devaluation will only result in further inflation and hardship for the poor and middle class in Nigeria’s import-dependent economy. READ MORE:

Fire guts Ketu market, filling station

FIRE yesterday swept through some parts of Lagos, wreaking havoc in Ketu and Lawanson. Some sections of the Jakande Market in Ketu were destroyed by the fire. The MRS Filling Station in Lawanson, Surulere went up in flames when a tanker exploded while about discharging fuel. The Ketu fire, which started around 4a.m., destroyed shanties, three vehicles and goods. The fire started from the plank section and spread to the fairly used tyre and banana sections.

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Business Day

Nigeria lags as world accelerates with 4th Industrial Revolution

Nigeria is lagging behind the growth in the global knowledge industry or Fourth Industrial Revolution, mainly as a result of its obsolete university education system. Stakeholders say Nigeria’s education system, particularly tertiary education, suffers from obsolete curricula that fall short of global best practices, dearth of dedicated lecturers, and extended, unfocused, incessant strikes.

Supreme Court rules today on Chevron’s OMLs 52, 53, 55 asset sale

The supreme Court will today deliver judgment in a suit involving  Brittania-U Nigeria Ltd , oil giant Chevron Nigeria and Seplat Petroleum Development Company, on the disputed sale of three oil blocks – Oil Mining Leases (OMLs) 52, 53 and 55. This follows the taking of arguments in the appeal brought by Brittania-U against Chevron Nigeria… READ MORE:

N50 stamp duty on N1,000 online transactions threatens cashless policy

The N50 stamp duty being charged customers for monies received into their accounts by electronic transfers, cash and cheques, will defeat the purpose of government’s cashless policy, analysts say. The Central Bank of Nigeria (CBN), last week imposed stamp duties on all Deposit Money Bank and other Financial Institutions customers for any credit transaction over…

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