Read today's newspaper headlines [Monday, November 6, 2017]

THE GUARDIAN NEWSPAPER

$3b down the drain, oil in north remains elusive

Stakeholders remain divided about the wisdom in the continued search for hydrocarbon resources in the north, especially as $3 billion has already been sunk without making a commercial find.

2017 to be among three hottest years in history

It is likely that 2017 will be one of the three hottest years on record, with many high-impact incidents, including catastrophic hurricanes and floods, debilitating heat waves and drought.

Stakeholders fault second runway for Abuja airport

Stakeholders in the aviation sector have condemned Federal Government’s plan to give the Nnamdi Azikiwe International Airport, Abuja, a second runway, saying the project lacks justification, especially in economic terms.

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VANGUARD NEWSPAPER

Mainagate latest: Hands off, shut up; Presidency tells Obla-Obono

AS the controversy surrounding the recall of wanted ex-chairman of the Presidential Task Team on Pension Reforms, Abdulrasheed Maina rages, the Presidency has directed Chairman of the Presidential Special Panel on the Recovery of Public Property, Chief Okoi Obono-Obla, to hands off activities of the panel.

Don’t resume hostilities, Clark, N-Delta leaders beg Avengers

ELDER statesman and National Leader of Pan Niger Delta Forum, PANDEF, Chief Edwin Clark, other Niger Delta leaders and groups, yesterday, appealed to the militant group, Niger Delta Avengers, to abort its threat to recommence bombing of oil facilities in the region, saying that violence was not the solution.

Nigeria not an oil economy – Adeosun

She said in an article sent to media organisations, Sunday, that Nigeria did not fit into the description of an oil economy.

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THE PUNCH NEWSPAPER

BVN: Banks move to stop deposit forfeiture, lobby AGF

Deposit Money Banks in the country are lobbying the Office of the Attorney General of the Federation to back down on the plan by the Federal Government to seize monies in the bank accounts of customers without the Bank Verification Number, it has been learnt.

Two feared dead as police, Shi’ites clash in Kano

Members of the Islamic Movement of Nigeria, popularly called Shi’ites on Sunday, claimed that the police killed two of their colleagues during their Arbaeen annual trek in Kano.

Nigerian kidney patient stranded in India for two years

The chance of survival of a patient who is suffering from a kidney disease, Tochi Mbonu, now hangs by a thread after she became deaf due to the delay in a kidney transplant operation.

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THISDAY NEWSPAPER

How States Spent Paris Club Refund is Confidential, FG Tells Court

The federal government has told the Federal High Court in Lagos that the record of spending of N388.304 billion London and Paris Club Loan refunds by 35 states is “protected by professional privilege and therefore confident

FG Sacks Obono-Obla as Chairman Public Assets Recovery Panel

On the strength of his actions of late, the federal government has directed the Chairman of the Special Investigation Panel on the Recovery of Public Property, Chief Okoi Obono-Obla to desist from carrying out any operation in his capacity as head of the panel.

FX Transactions on I&E Window Hit $18.36bn, Rates Converge at N360

Following increased portfolio flows into the country, cumulative transactions on the Central Bank of Nigeria’s (CBN) Investors’ and Exporters’ (I&E) foreign exchange window have risen to $18.36 billion.

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BUSINESSDAY NEWSPAPER

Economic reforms to suffer as politics takes centre stage

Elevated political tensions could delay necessary policy adjustments and dampen investor and consumer confidence in Africa’s largest economy, tipped by the International Monetary Fund (IMF) to expand 0.8 percent in 2017, the slowest growth rate in 18 years.

Scramble for LNG spot market may catch Nigeria unawares

The shift towards spot market for the $90 billion global Liquefied Natural Gas markets has gas producers scrambling to take positions in Asian markets but Africa’s 3rd biggest gas producer, Nigeria, may be caught unawares if its forwards contracts expire in three years without successful renewals or share gain in short-term markets.

Liquidity squeeze push 8 banks to CBN window in October

No fewer than 8 banks have accessed the standby liquidity facilities window of the Central Bank of Nigeria (CBN) for the month of October.