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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 31, 2016


How Jonathan saved Nigeria from grave crisis, by Buhari
President Muhammadu Buhari in more glowing terms than he had used before, yesterday commended his predecessor, Dr. Goodluck Ebele Jonathan, who conceded defeat to him.He said that but for that singular act, the country would have been in turmoil. READ MORE

Key milestones of Buhari’s achievements in one year
He came to power following the decisive victory of his party, the All Progressives Congress, APC over the ruling People’s Democratic Party, PDP and its candidate, Dr. Goodluck Ebele Jonathan.  The victory ended the 16-year reign of the PDP READ MORE

Nigeria, South Africa need $90b to bridge energy gaps for telecoms services
Sub-Saharan African (SSA) countries including Nigeria, South Africa, Kenya, Angola, among others might need between $60 billion and $90 billion (N17.7 trillion) yearly investments to bridge the growing energy gaps in the region for a sustainable telecommunications sector. READ MORE


Pro-Biafran activists, security agents in bloody clashes
No fewer than 30 persons and a soldier were allegedly killed on Monday in Onitsha, the Anambra State capital, after some pro-Biafran protesters, said to be celebrating the 50th anniversary of the declaration of the defunct Biafra republic, engaged soldiers and policemen in a bloody clash. READ MORE

Stock market lost N1.732tn in one year under Buhari
The Nigerian stock market crashed by N1.732tn within one year of the Muhammadu Buhari-led Federal Government. READ MORE

Nigeria risks losing oil buyers to Iran, S’Arabia
Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance of losing some of its traditional buyers to rival producers such as Iran and Saudi Arabia, industry experts have said. READ MORE


Bloody pro-Biafra protests in Onitsha, Asaba, others
The Southeast was on the boil yesterday as pro-Biafra agitators staged protests in major cities to mark the 49th declaration of the state of Biafra by the late Chief Chukwuemeka Odumegwu Ojukwu. READ MORE

UK detectives in Nigeria for Alison-Madueke’s case
As part of the ongoing probe and preparation for the arraignment of a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, some investigators from the United Kingdom have visited Nigeria to gather evidence. READ MORE

PDP crisis: BoT raises three-man panel to meet Sheriff
Nearly two weeks after the botched Peoples Democratic Party (PDP)  national convention in Port-Harcourt, Rivers State, embattled factional  chairman of the party, Senator Ali Modu Sheriff, has explained why he took a last-minute decision to call off the event. READ MORE


South-East burns as Biafra Day turns bloody
Awka— Biafra Day anniversary celebration turned bloody, yesterday, in South-East states as soldiers and policemen clashed with pro-Biafra groups. READ MORE

I’ll soon reveal how Abacha, Abiola died, says Al-Mustapha
LAGOS—Former Chief Security Officer to the late Head of State, Gen. Sani Abacha, Major Hamza Al-Mustapha, yesterday, said he would soon reveal how his boss and the acclaimed winner of June 12, 1993 presidential election, Chief Bashorun MKO Abiola, died. READ MORE

FG deploys 5 warships, 100 gunboats, fighter jets to Delta creeks
The federal government, yesterday, deployed an armada of five warships, 100 gunboats and fighter jets to the creeks of the Niger Delta, in response to continued bombing of oil and gas pipelines by Niger Delta Avengers, NDA. READ MORE


FG 2016 deficit plans in doubt as militants raise risk premium
Renewed militant attacks on Nigeria’s oil and gas infrastructure, combined with a recent downgrade of the country’s sovereign debt ratings may make it more difficult for the government to borrow from international capital markets this year putting a question mark on the Federal Government’s ability to fund the 2016 budget. Subdued investor appetite for dollar… READ MORE

Nigeria : Running on empty
In his former role as the managing director of one of Nigeria’s leading banks, Godwin Emefiele had a reputation for being soft-spoken and unassuming. In the year since he became governor of the central bank, he has stood out for the opposite. The change is being put down to one thing: the control he wields… READ MORE

FX constraints spark survival of fittest struggle among oil marketers
A survival of the fittest struggle is emerging in Nigeria’s downstream petroleum sector as dollar shortage and banks’ reluctance to lend to firms with weak balance sheets- meaning only the large firms with international contacts are thriving. The Central Bank of Nigeria (CBN), last week expressed willingness to set up a secondary foreign exchange (FX) window… READ MORE

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