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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 26 2016


Senate summons minister, CBN gov over economic crunch
With the spectre of recession hanging over the nation, the Senate is deeply worried. Taking into cognisance the shrinking economy underscored by rising inflation, unemployment, poverty, dwindling oil revenue and other symptoms of recession, the upper legislative chamber yesterday summoned the Finance Minister, Mrs., and the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele. READ MORE

Scientists infect mosquitoes with bacteria to stop Zika, Dengue viruses
The United States (U.S.) could soon become the first country to approve the commercial use of a common bacterium to fight the spread of mosquitoes that can transmit viruses such as Zika, dengue and Chikungunya. READ MORE

Value of electronic transactions hit N48.9tr in Nigeria
Although, it is still plagued by inadequate levels of awareness, poor banking culture, lack of trust and a love for the status quo, the value of e-transactions recorded in 2015 hit N48.93 trillion, up by 11.6 per cent from 2014 in Nigeria. READ MORE


Tension in N-Delta as ultimatum to Danjuma, Atiku, others expires today
WARRI—THERE is anxiety in the Niger Delta as the two-week ultimatum given owners of oil blocs in the region by Niger Delta Avengers to evacuate their staff and shut down operations ends today, while secret talks with the militant group have run into  a hitch. READ MORE

40 Nigerians deported from UK, Australia
LAGOS — For the second time in a month, United Kingdom and Australia, yesterday, jointly deported 40 Nigerians for various immigration offences. READ MORE

Reps stop NNPC’s bid to sell 3 refineries
ABUJA — THE House of Representatives Committee on Privatisation, yesterday, stopped the proposed sale of the nation’s three refineries by Nigerian National Petroleum Corporation, NNPC. READ MORE


Bank stocks rally as investors place bet on CBN forex fix
Nigerian bank stocks rallied yesterday as investors cheered the central bank’s move to free up foreign exchange (FX) trading even though a move to a lower naira level could erode capital buffers for some lenders. Local currency devaluations will increase default from bank borrowers who are not naturally hedged and erode Nigerian banks’ capitalization via…READ MORE

AFC, Access Bank JPMorgan to finance N844bn, 38km 4th Mainland Bridge
Aconsortium of investors on Wednesday including the Africa Finance Corporation (AFC), Access Bank and JPMorgan signed to commit about N844 billion as the initial cost of the construction of the long awaited 4th Mainland Bridge, under a Public Private Partnership (PPP) arrangement. The cost components of the expressway cum bridge as presented by Gerard Horgan… READ MORE

MTN utilises N34bn 700MHz spectrum licence
MTN Nigeria has concluded plans to play in Nigeria’s cable TV market using its 700MHz frequency licence acquired from the Nigerian Broadcasting Commission (NBC) for N34 billion last year. The launch of its digital pay TV broadcasting services will deepen the competition between the existing cable networks in the country. In September 2015, the NBC… READ MORE


16-man committee for minimum wage talks
A 16-man “technical committee” to negotiate a new minimum wage for workers was yesterday constituted after a meeting between the Federal Government and Labour. READ MORE

PDP crisis: Ex-NWC chiefs dump Sheriff for Makarfi
Embattled former Peoples Democratic Party (PDP) Acting Chairman Ali Modu Sheriff yesterday lost more support as eight members of his National Working Committee (NWC) jumped ship. They supported the Ahmed Makarfi-led Caretaker Committee. READ MORE

Niger Delta: Civil rights leader confirms attack on Chevron facility
A Nigerian civil rights leader and a Niger Delta resident confirmed on Thursday that militants had attacked a Chevron oil facility in the region. READ MORE

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