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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, Wednesday, August 26, 2015:

VANGUARD NEWSPAPER

Banks in dilemma over idle $5bn deposits

Indications emerged, yesterday, that banks in the country are now in a dilemma on what to do with an estimated $5 billion that is currently idle in their vaults.

Withdrawal of officers from VIPs: Police deploy men to airports, highways to enforce directive

President Muhammadu Buhari has ordered immediate reduction of policemen attached to dignitaries, directing that withdrawn officers should be redeployed to regular police duties. READ MORE…

FG reduces salaries of federal lawmakers

Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, Mr. Elias Mbam, disclosed yesterday that the Commission had started the process of trimming down the pay packages of the President, Senators, members of the House of Representatives, governors and all the elected public officials to reflect current economic realities. READ MORE…

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THE PUNCH NEWSPAPER

Past governments promoted corruption in oil sector – Buhari

President Muhammadu Buhari has berated past administrations for the current situation in which Nigeria is forced to spend billions of naira annually on subsidy for petroleum products. READ MORE…

NDLEA probes Arik attendant caught with N105m cocaine

Operatives of the National Drug Law Enforcement Agency on Tuesday night stormed the headquarters of Arik Air in Ikeja Lagos following the arrest in London of a crew member of the airline for allegedly being in possession of cocaine.

Landlord sets tenant ablaze in Lagos

A landlord in the Idumota, Lagos Island area of Lagos State, Sola Solomon, has allegedly poured petrol and set fire to one of his tenants, identified simply as Abeeb.

Lamorde to appear before Senate today

The Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Samuel Anyanwu, said on Tuesday that the upper chamber would go ahead with the planned probe of the Chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde, scheduled for today (Wednesday). READ MORE…

Nigerians abroad won’t be allowed to vote -Buhari

President Muhammadu Buhari on Tuesday in Abuja said Nigerians in Diaspora would still have to wait for sometimes before they can vote in Nigeria’s elections from their bases abroad.

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THE GUARDIAN

Southern leaders fault Buhari on anti-graft war, appointments

Southern political leaders under the aegis of Southern Nigeria Peoples Assembly (SNPA) have criticised President Muhammadu Buhari over what they described as selective appointments and war against corruption.

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THISDAY NEWSPAPER

With slowing growth, oil slump, petrol subsidy may be ready to go

With oil prices heading south in the international market and the National Bureau of Statistics (NBS) announcing yesterday that Nigeria’s growth rate slowed to 2.35 per cent in the second quarter, the federal government has very few options than to seize on the opening presented by the oil slump to remove the subsidy on petrol. READ MORE…

RMAFC: New salary package for political office holders ready next month

Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, Mr. Elias Mbam, disclosed yesterday that the Commission had started the process of trimming down the pay packages of the President, Senators, members of the House of Representatives, governors and all the elected public officials to reflect current economic realities. READ MORE…

Teenagers bomb Damaturu, kill pregnant woman, themselves, three others

Six people, including two suspected suicide bombers, have died in two bomb explosions that occurred on Tuesday in Damaturu. READ MORE…

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BUSINESS DAY

Emefiele goes Malaysia way to keep dollar peg

Nigeria’s Central Bank (CBN) Governor Godwin Emefiele’s unorthodox policies aimed at maintaining the naira’s peg to the dollar, amid a global commodity rout and analysts calls for a devaluation mimics Malaysia’s response to the Asian financial crises of 1997.

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