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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, August 11 2016:

THE GUARDIAN NEWSPAPER

SEC to end issuance of e-dividend warrant by June 2017

The Securities and Exchange Commission (SEC), has directed all registrars operating in the Nigerian capital market to end the issuance of e-dividend warrant to investors by June 31, 2017.

Economy bleeds as blue chips lose N51.8b

With four major blue-chip companies losing as much as N51.86 billion in the first half of 2016, the lot of the manufacturing sector is getting bleaker.

Nigeria records highest drop in output at OPEC

Nigeria is fast losing its clout among global oil producers as the country recorded the highest drop in crude production in the Organisation of Petroleum Exporting Countries (OPEC) in July.

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THE VANGUARD NEWSPAPER

How Nigeria lost top position in GDP to South Africa

ABUJA—South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions. Based on gross domestic product at the end of 2015 published by the International Monetary Fund, the size of South Africa’s economy is $301 billion at the rand’s current exchange rate, while Nigeria’s GDP is $296 billion.

How bigwigs formed Avengers militant group

WARRI—THE Reformed Niger Delta Avengers, RNDA, yesterday, released more details of how sponsors of  Niger Delta Avengers, NDA, formed the militant group in Bayelsa State and shared US dollars to ex-militants at one of the meetings. READ MORE

Army court-martials 20 soldiers for selling ammunition to terrorists, murder

MAIDUGURI — The Nigerian Army, yesterday, court-martialed 20 officers and men for various offences allegedly committed within the Theatre Command of Operation Lafiya Dole in the North-East sub-region of the country. READ MORE

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THE PUNCH NEWSPAPER

Police arrest pastor behind serial car theft

He explained that it was their sixth in the last few months, adding that he usually sold the cars at 60,000 to one Maxwell who resided in Port Harcourt. READ MORE

Budget padding: Dogara shuns police invitation

The Speaker of the House of Representatives, Yakubu Dogara, has shunned the invitation of the police Special Investigating Panel over allegations of budget padding. READ MORE

Jonathan formed Avengers before 2015 polls — RNDA

The Reformed Niger Delta Avengers says former President Goodluck Jonathan formed the Niger Delta Avengers in 2014 during the build-up to the presidential election. READ MORE

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THE NATION NEWSPAPER

Sheriff shuns peace move six days to PDP convention

Six days to its National Convention in Port Harcourt, the Rivers State capital, all is still not well with the Peoples Democratic Party (PDP). READ MORE

EFCC investigates ‘missing’ N3b military operation cash

How did the Office of the National Security Adviser (ONSA) utilise the multi-billion naira it collected from some Ministries, Departments and Agencies (MDAs) for military operations between 2007 and 2015?

Fed Govt stops PTAs from collecting levies in Unity schools

The Federal Government has banned the collection of development levies by Parent-Teacher Associations (PTA) in the 104 Unity colleges. READ MORE

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THE BUSINESS DAY NEWSPAPER

Nigeria begins overhaul of tax policy as oil incomes shrink

Nigeria, still struggling to rev up revenues as oil incomes thin out - has now commenced an overhaul of its tax policy which had bred multiplicity in tax process, complexities and also discouraged compliance.

Ship traffic into Nigerian ports falls 77.8% on economic downturn

The number of oceangoing vessels bringing imports, including finished goods and raw materials into the country declined by 77.8 percent in the first quarter of 2016 compared to the same period in 2015 with cargo volumes dropping from about 62 million Gross Tonnage (GT) to about 35 million GT.

Two years ago, Nigeria loses Africa's top economy spot to S/Africa

South Africa's economy regained the position of Africa's largest in dollar terms, more than two years after losing it to Nigeria, as the value of the nation's currencies moved in opposite directions.

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