Read today's newspaper headlines [Wednesday, July 20, 2016]

For today, July 20 2016:

THE GUARDIAN NEWSPAPER

Nigeria loses N127b to cybercrime yearly

Nigeria’s loss to cyber crimes is now about N127 billion yearly and this has become a source of worry to the Federal Government. READ MORE

Nigeria’s economy to shrink on Brexit, says IMF

From the International Monetary Fund (IMF) has come the not-so-cheery news that Britain’s exit from the European Union (EU) would have negative impact on some nations including Nigeria. READ MORE

Why Idris, Arase are bickering

The war of attrition between immediate past Inspector-General of Police (IGP) Solomon Ehigiator Arase, and his successor, Ibrahim Idris, has roots in a query the former gave to the latter just before he retired.

THE VANGUARD NEWSPAPER

Nigeria’s economy in bad shape – CBN

ABUJA— THE Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday, painted a gloomy picture of the economy during a closed-door meeting with senators.

Dino Melaye is not a coward?

WHEN last week I was writing on the recent preoccupation of the Senate under Bukola Saraki and Ike Ekweremadu, namely the determination of the so-called ‘Like Minds’ senators, all supporters of the troubled duo, to hobble the Muhammadu Buhari presidency for what they consider its hostile attitude to the legislative arm of government.

A country where nothing makes sense: When bad behaviour becomes goodWatching the UK Conservative Party’s change of leadership which resulted in Theresa May succeeding David Cameron as the country’s Prime Minister, I was struck by the many parallels between good and bad behaviour in the UK and Nigeria.

THE NATION NEWSPAPER

Metuh, Amosu, Umar beg EFCC: let’s refund our loot

Three of those on trial for alleged corruption are eager to return their “loot” for freedom. They want to refund cash and surrender property to avoid going to jail, The Nation learnt yesterday. READ MORE

How Melaye threatened to assault me, by Sen. Tinubu

Senator Oluremi Tinubu yesterday told Senate President Bukola Saraki and All Progressives Congress (APC) National Chairman John Oyegun that Senator Dino Melaye threatened to assault her during the Senate’s July 12 Executive Session. READ MORE

NLC: scrap security vote, immunity

The Nigeria Labour Congress (NLC) has called for the abolition of security vote for the president and governors. NLC President Ayuba Wabba told the News Agency of Nigeria (NAN) yesterday in Abuja that security vote had become an avenue for siphoning public funds. READ MORE

THE PUNCH NEWSPAPER

EFCC detains Abia REC over Diezani poll bribe

The Economic and Financial Crimes Commission has detained the Resident Electoral Commissioner of Abia State, Mr. Sylvester Ezeani, for his alleged role in the N23bn ($115m) that was disbursed by a former Minister of Petroleum Resources, Diezani Alison-Madueke, during the build-up to the 2015 presidential election. READ MORE

Nigeria must be restructured, says Ekweremadu

The Deputy President of the Senate, Senator Ike Ekweremadu, said on Tuesday that Nigeria must embrace restructuring as the surest solutions to its current economic challenges.

Teenagers attack school, beat principal, steal N1.5m

Pandemonium broke out at the Lagooz Schools on Omotoye Estate in the Orile Agege area of Lagos State after some hoodlums invaded the school premises.

BUSINESS DAY NEWSPAPER

Economy may contract by 1.8% in 2016 says IMF

The international Monetory Fund (IMF) said on Tuesday that Nigeria's economy would contract in 2016, "lower than eralier growth projections as the country battles through foreign currency shortage as a result of lower oil receipts, low power generation, and weak investor confidence".

Foreign airlines see prospect in Nigeria despite downturn

Foreign airlines in Nigeria are seeing prospects in the aviation sector despite economic downturn currently facing the country.

Customers face credit drought as MFBs NPL rise to 23.13%

Micro borrowers are facing tough times and things look set to get even worse, following prevailing economic headwins, resulting in a fall in household incomes and strained purchasing power.