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Pulse Frontpage Read today's newspaper headlines [Monday, August 1, 2016]

Find out what is making headlines all over the country from the covers of The Nation, The Punch, The Guardian, 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, August 1 2016:


Military begins fresh move against Niger Delta militants

In a bid to tackle the renewed militancy in Niger Delta which has disrupted oil production, the military may soon begin a special operation in the region. READ MORE

Banks jostle for dollar to scale up foreign loan provisions

Nigerians will, from today, struggle harder for foreign exchange as banks are also looking for it, especially the United States dollar, to scale up their loan provisions.

Emergency leadership in critical agencies hurting governance

Failure to appoint substantive chief executives for critical agencies of government, one year after their boards were dissolved, is impeding progress, officials have said.



Melaye drags Manitoba to EFCC over alleged N13.8bn fraud

ABUJA—Senator Dino Melaye, representing Kogi West Senatorial District, on the platform of ruling All Progressives Congress, APC, has dragged Manitoba Hydro International Nigeria Ltd, to the Economic and Financial Crimes Commission, EFCC, over alleged diversion of N13.8 billion and abuse of Public Procurement Act.  READ MORE

Military, Police intensify attack on Arepo vandals

Military and Police operatives, in a joint operation yesterday, continued the bombardment of Iroko creeks in Arepo area of Ogun State as part of the on-going battle to flush out oil pipeline vandals from the areas. READ MORE

Why ex-govs must face corruption charges – FG

ABUJA — YEARS after leaving office, many former governors suspected to have looted the resources of their states are to face criminal prosecution.



19 militants held as NAF jets destroy four camps in S’West

Pilots of the Nigerian Air Force fighter jets have destroyed the four major camps of suspected militants, who are said to be armed pipeline vandals at Arepo, Ogun State, on the fourth day of the sustained aerial attacks on the hoodlums in the area.

There is corruption in House of Reps – Jibrin

The ousted Chairman of the House Committee on Appropriations, Abdulmumin Jibrin, says the allegation by former President Olusegun Obasanjo that the National Assembly is populated by corrupt elements could not be dismissed.

Budget padding: Step down, SERAP, SANs tell Dogara, others

The Socio-Economic Rights and Accountability Project and some eminent lawyers on Sunday called on the Speaker, House of Representatives, Mr. Yakubu Dogara, and other principal officers of the House, who were alleged to have compromised the integrity of the 2016 budget, to step aside for proper investigation to be carried out into the allegations. READ MORE



Buhari, Aregbesola, Ambode, others hail The Nation at 10

President Muhammadu Buhari yesterday led the way in wishing The Nation well at 10. The Nation, Nigeria’s widest circulating newspaper, clocked 10 yesterday.

National Assembly stinks, says ex-panel chair Jibrin

Sacked House of Representatives Appropriations Committee chairman Abdulmumin Jibrin last night spoke of what he called “institutional corruption” at the National Assembly.

Oyo to restructure 105,000 workforce, says Ajimobi

Oyo State is to restructure its 105,000 workforce and will not retrench as being speculated, Governor Abiola Ajimobi said yesterday.



BDC rate race halts on expected liquidity

As authorised FX dealers prepare to commence the sale of UDS dollars from international money transfers to BDCs, the run-rate which Bureau De Change (BDC) operators hitherto enjoy on the greenback has been halted.

Consumer goods coys battle rising finance, sales costs

Most Nigerian consumer goods companies struggled to ensure cheaper finances for their businesses, as evidenced in their rising finance costs seen to have reached highs with attendant impact on margins assertion.

Insurance shifts to retail as technology shy brokers face tough times

The future of the Nigerian insurance market is in the retail space and only operators who invest in this segment and embrace technology would survive the future, analysts say.

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