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Frontpage Read today's newspaper headlines [Monday, July 18, 2016]

Find out what is making headlines all over the country from the covers of The Nation, The Punch, Business Day and Vanguard.

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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, July 18 2016:


Revenue slump, militancy raise doubts over 2016 budget

Failure to meet revenue targets for the first and second quarters, persistent oil production shut-in from militancy and foreign exchange supply challenges have renewed concerns on the feasibility of the 2016 budget.

‘Nigeria, 22 other countries still at risk of Ebola outbreak’

Nigeria and 22 other countries remain at risk of animal-to-human transmission of the dreaded Ebola Virus Disease (EVD), according to a new study.

Dasuki demands N15b damages, apology for alleged illegal detention

Former National Security Adviser (NSA), Col. Sambo Dasuki (rtd), has filed a N15 billion suit against the Federal Government over his detention by the Department of State Security Service (DSS) without trial since December 2016.



Buhari orders IGP to re-open Bola Ige, Dokubo’s cases

ABUJA — President Muhammadu Buhari, yesterday, directed the Acting Inspector-General of Police, Ibrahim Idris, to reopen investigation into the unresolved murder of former Attorney-General of the Federation and Minister of Justice, Chief Bola Ige, and ex-Deputy National Chairman, South-South, of Peoples Democratic Party, PDP, Chief Aminosari Dokubo, and fish out the perpetrators.

NNPC costs Nigeria $518m in oil deals — NEITI

ABUJA — The Federal Government lost approximately $518 million to oil swap and Offshore Processing Agreements, OPAs, in 2013 due to inefficiencies of the Nigerian National Petroleum Corporation, NNPC, and its subsidiaries.

Violation of TSA: Accountant General queries GTB, Stanbic IBTC, Keystone bank

The Accountant General of the Federation (AGF) has queried Guaranty Trust Bank, Stanbic IBTC and Keystone Bank for violating the Treasury Single Accounts (TSA) guidelines by concealing funds belonging to Ministries, Departments and Agencies of Fhe federal Government.  Stanbic IBTC however rejected the accusation, saying it has been complying with the TSA directive, while GTBank explained why it has allowed some MDAs to continue to operate their accounts contrary to the TSA directive.



Buhari: coup no longer acceptable to change govt

President Muhammadu Buhari has joined other world leaders to condemn the aborted coup in Turkey. He said the toppling of a government through a coup was no longer acceptable. The Nigeria Labour Congress (NLC) and the Peoples Democratic party (PDP) also condemned the plot.

CBN okays no deposit for new accounts

The directive is contained in the Monetary, Credit, Foreign Trade and Exchange Guidelines for Fiscal Years 2016/2017 guidelines posted by the CBN on its website.

EFCC grills pilot who flew N1.299b cash for Fayose, Obanikoro

A pilot has told the Economic and Financial Crimes Commission (EFFC) how he flew a former Minister of State for Defence, Mr. Musiliu Obanikoro, with N1.299 billion cash for Ekiti State Governor Ayodele Fayose. READ MORE



Arase left with 24 police vehicles –Acting IG

The acting Inspector-General of Police, Ibrahim Idris, says his predecessor, Solomon Arase,  went away with 24 police vehicles while the seven Deputy Inspectors-General of Police, who retired alongside him, also carted away between seven and eight cars each. READ MORE

Jonathan ordered Dasuki to give me N100m – Okupe

A former Senior Special Assistant on Public Affairs to ex-President Goodluck Jonathan, Dr. Doyin Okupe, says the embattled former National Security Adviser, Col. Sambo Dasuki (retd.), gave him N100m on the instruction of Jonathan. READ MORE

EFCC quizzes pilot for flying Fayose’s N1.2bn cash

The Economic and Financial Crimes Commission has quizzed Captain Ahmed Borodo, the pilot whose plane was allegedly chartered by a former Minister of State for Defence, Senator Musiliu Obanikoro, to transport N1.219bn to Governor Ayodele Fayose. READ MORE



Singapore billionaire signs 250mw power deal for Nigeria

Singapore's billionaire, Brain Chang is placing his bet on the Nigerian power sector with an initial 250MW barge mounted gas fired station near Port Harcourt that can be ramped up to 1,000MW on the back of proven gas supply.

Innovation benefits elude Nigeria as tech funding gap widens

Lean funding options available to tech start-ups in Africa's largest economy may be marking it difficult to replicate innovation trends rapidly redefining the global economic landscape.

Nigerian ports strain on unclaimed goods, shrinking imports

Unclaimed goods are pilling up at the Lagos ports, following the directive to implement the new flexible foreign exchange rate policy of the Central bank of Nigeria (CBN) which has seen duties and traffics soar over 40 percent from the application of the rate of N282 to $1 instead of the N197 on which letters of credit for the imports were opened.

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