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Frontpage Read today's newspaper headlines [Tuesday, July 12, 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 12 2016:


Import duties soar over new forex rules

Duties on shipping business at the ports have shot up astronomically in the wake of the new flexible foreign exchange rate policy of the Central Bank of Nigeria (CBN).

Fears over injustice in police recruitment

The ongoing recruitment of 10,000 personnel into the Nigeria Police Force as ordered by President Muhammadu Buhari is raising eyebrows.

Manufacturers contemplate exit as production cost rises by over 50%

If the proposed common passport by the African Union (AU) becomes a reality, Nigeria may experience another round of exodus of industrial firms to neighbouring countries where the cost of production is cheaper.



Sex scandal: US envoy to present video evidence
ABUJA— Ambassador of the United States to Nigeria, James Entwistle, is to present video evidence against the three members of the House of Representatives  on Thursday when Ossai Ossai Committee assigned to probe the alleged sex misconduct involving the trio begins open public hearing. READ MORE

Controversy trails concession, sale of Enugu coal blocks
Controversy has  trailed the alleged concession or sale of some coal blocks at Enugu Coal Mines in Enugu.

Alleged N50m fraud tears C-River traders apart
CALABAR—THE  crisis rocking the Capital Traders Umbrella Association, CATU, Watt Market, Calabar, Cross River State, over a purported diversion of N50 million small-scale loans obtained from the Federal Government through the Bank of Agriculture, BOA, in 2012, has taken a new dimension, as aggrieved members have dragged their leaders before the Obong of Calabar.



Omisore under pressure over N60b ‘strange’ vote

EFCC demands list of Senators, Reps who shared cash

Detectives to quiz Obanikoro’s ADC

Detained Senator Iyiola Omisore is under pressure to name the beneficiaries of the N60 billion “budget padding” in the Sixth Assembly.

Theresa May to lead UK

Theresa May is to become the UK’s prime minister tomorrow evening – after David Cameron announced he would quit after Prime Minister’s Questions. READ MORE

Rescue mission on for troubled PDP

The search for peace in the Peoples Democratic Party (PDP) yesterday continued, with Bayelsa State Governor Henry Seriake-Dickson mediating between sacked National Chairman Modu Ali Sheriff and Caretaker Committee Chairman Ahmed Makarfi. READ MORE



Six Ekiti varsity students die in auto crash

No fewer than six students of Ekiti State University, Ado Ekiti, are feared dead in an auto crash involving a car and a commercial bus on Monday.

10 killed in Niger farmers, herdsmen clash

No fewer than 10 persons were reportedly killed in clashes between suspected Fulani herdsmen and farmers in two communities in Niger State.

AMCON to wind down MRS Holdings over N81BN debt

A Federal High Court in Lagos on Monday discharged an interim injunction empowering the Asset Management Corporation of Nigeria to take over some assets belonging to Nigerian businessman, Jimoh Ibrahim, over an alleged indebtedness of N50bn. READ MORE



Rising inflation creating distress, shock for Nigeria consumers

The twin effects of soaring inflation and burgeoning unemployment are rapidly grooming a brand of distressed consumers whose purchasing power has fallen to record low. READ MORE

Stanbic IBTC seals $60M OTC FX futures deal on FMDQ

Stanbic IBTC Banks has most recently joined the league of players to derive from, on behalf of Forign Portfolio Investors (FPIs), the benefits inherit in participating in the OTC FX futures market.

Lesser, Ojomo, others set for BuisnessDay CEO Forum today

All roads today lead to Eko Hotels and Suites on Victoria Island in Lagos for the 2016 annual CEO Forum Nigeria, a thought leadership initiative organisation by BuisnessDay, Nigeria's leading financial and business newspaper, which is also marking its 15years of publishing the title, this month.


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