Pulse Frontpage Read today's newspaper headlines [Thursday, June 25, 2015]

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

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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, Thursday, June 25, 2015:

VANGUARD NEWSPAPER

Banks lose millions in daring robbery attack

The robbers were said to have trailed a bullion ban to the premises of one bank in the Ogolonto area of the town and then moved another. READ MORE….

It’s shameful to import toothpick, fish, eggs, others – CBN

The Central Bank of Nigeria (CBN) says importers of rice, cement and other products will no longer access Foreign Exchange from CBN, Banks and Bureau De change for such importation. READ MORE…

Fuel tanker tragedies: Senate summons NNPC on state of refineries

Moved by cases of fuel tanker tragedies across the country, which have led to loss of lives and property, Senate yesterday summoned the management of Nigerian National Petroleum Corporation, NNPC, to appear before it to explain the state of the nation’s refineries

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THE PUNCH NEWSPAPER

Senate leader: APC N’East caucus rejects Lawan, picks Ndume

The All Progressives Congress choice for the post of Senate Leader, Ahmad Lawan, seems to have lost out as the North-East caucus of the party in the Senate has picked Senator Ali Ndume for the post. READ MORE…

Reps to probe NNPC’s crude swap contracts, $8bn loss

The House of Representatives on Wednesday ordered a fresh probe of the Refined Product Exchange Agreement contracts between the Nigerian National Petroleum Corporation and various trading companies.

APC Senators must respect party’s position

A meeting of the APC Senators, on Tuesday, June 23, 2015, resulted in physical combat after the legislators disagreed on how the remaining Assembly leaders would be chosen. READ MORE…

DSS officials ordered to leave Aso Rock

The Presidency has denied speculations that personnel of the Directorate of State Security Service (DSS) have been expelled from the Presidential Villa. READ MORE…

Woman leads gang to rob two Lagos banks

The robbers were said to have trailed a bullion ban to the premises of one bank in the Ogolonto area of the town and then moved to another. READ MORE…

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THE GUARDIAN NEWSPAPER

Why building of private refineries has stalled

The decision by the Federal Government to offer, for a fee, operational licences to private sector businesses that showed interest in building refineries as well as non-provision of a conducive environment are factors stalling the take-off of private refineries, the Nigerian Association of Energy Economics (NAEE) has said.

Senate throws out APC’s nominations for Majority Leader, others

THE Senate yesterday rejected attempts to compel it to accept and adopt all nominations made and sent to it by the leadership of the All Progressives Congress (APC) on top positions in the upper legislative chamber. READ MORE

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THISDAY NEWSPAPER

Cash-strapped states seek to restructure bank debts to long-term bonds

As part of measures by the cash-strapped states of the federation to raise funds to pay salary arrears and meet other pressing obligations, the state governors have been given the green light to restructure most of their bank loans running into billions of naira by converting them into bonds.

N’Assembly cat and mouse game continues

Move by some senators of the All Progressives Congress (APC) to read a letter from the party, recommending some senators to occupy specific principal officers of the senate has been rejected by the senate. READ MORE…

Emefiele defends new forex controls, says 1.3bn spent on imports annually

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has defended the decision of the central bank to tighten foreign exchange controls by excluding 40 items comprising rice, toothpicks, cement, margarine, palm kernel/palm oil products/vegetable oil, meat and processed meat products, among others, from the interbank forex market.

House to probe NNPC crude oil swaps

The House of Representatives on Wednesday ordered a fresh probe of the Refined Product Exchange Agreement contracts between the Nigerian National Petroleum Corporation and various trading companies.

FG probes AI’s allegation against military

This was disclosed on Wednesday, June 24, 2015, by the Permanent Secretary in the Ministry of Foreign Affairs, Bulus Lolo via a statement. READ MORE…

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BUSINESS DAY

Analysts see CBN policy slowing import dependent industries

Nigerians will soon begin to witness higher inflation levels, lower cargo volumes and slower growth of import-dependent industries, following the Central Bank of Nigeria’s (CBN) directive which excludes importers of certain items from accessing foreign exchange at the Nigerian forex market, analysts say.

Stakeholders expect Buhari to retain N1.5trn lost yearly in shipping business

Worried by the continuous domination of the Nigerian generated seaborne trade by foreign vessel owners, which results to huge capital flight estimated at N1.5 trillion annually, maritime industry analysts are pushing for favourable policy direction from the Muhammadu Buhari-led administration that would help in growing local participation in the nation’s shipping business.

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