Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.
For today, October 24, 2016:
THE GUARDIAN NEWSPAPER
NBA, chief justice to decide fate of judges accused of graft
Nigeria’s body of lawyers is to meet with the Chief Justice of Nigeria (CJN) to take a harmonised position on the fate of the seven judges being investigated by the Department of State Services (DSS) and save the judiciary from further embarrassment.
How $15b Nigeria-India deal will tackle forex crisis
The Nigeria-India upfront oil payment deal will help the Federal Government to tackle the foreign exchange (forex) crisis in the country.The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, initiated the deal during a three-day working visit to India.
Cash refunds, N138b bills’ maturity crash interbank rates
The refund of unsuccessful bids for foreign exchange forwards contract and naira inflow from securities maturity worth N138.2 billion crashed interbank exchange rates on Friday.
THE VANGUARD NEWSPAPER
Niger Delta Avengers to Buhari: Don’t provoke us to ground NigeriaNiger Delta Avengers, NDA, yesterday, served a fresh warning to the Federal Government that it would resume bombing of oil facilities if government made any further mistake to enter into negotiation with selfish leaders in the region that represented themselves instead of the interest of the people.SANs, Labour, others divided over suspension of judgesLawyers and major stakeholders were divided, yesterday, over the position of the Nigerian Bar Association, NBA, that the judges, whose homes were raided by the Department of State Services, DSS, and arrested for alleged graft should step down until their innocence is proven.CBN’s treasury bills offer suffers N56.7bn under-subscriptionThe Central Bank of Nigeria’s treasury instrument suffered huge under-subscription for the first time in recent months, following the lingering liquidity squeeze in the money market.
THE NATION NEWSPAPER
JAMB registrar seeks higher institutions to decide cut-off marks
Joint Admissions and Matriculation Board (JAMB) Registrar Is-haq Oloyede yesterday stressed the need to allow tertiary institutions to decide their cut-off marks, he argued that a situation where universities, polytechnics and colleges of education are subjected to the same cut-off marks was no longer tenable because it prevents the institutions from admitting candidates of their choice.
Presidency insists judges must step down for trial
The Presidency is insisting that two Supreme Court Justices and four others must step aside ahead of their trial for alleged corruption, it was learnt last night, it also faulted Chief Justice Mahmud Mohammed’s claim that the Judiciary had issues with the Department of State Services (DSS), not the Federal Government.
Police quiz ACP over N2.7m bribe cash
There will be no cover-up in the case of the Assistant Commissioner of Police arrested with N2.7 million bribe cash, the Police said yesterday.
THE PUNCH NEWSPAPER
Recession: Dangote sacks 36 expatriates, 12 Nigerians
The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff.
Five ways to charge smartphones without chargers
What charges your phone while warming your soup? It is a BioLite’s CampStove. A portable stove for the outdoor gadgeteer, this nifty contraption uses the heat from a campfire to generate electricity by way of a thermoelectric generator, which then powers a fan to create airflow for improved combustion.
Ex-gov Yero spent N4.1bn on sweets, juice, training in 2014 –Commissioner
The Kaduna State Commissioner for Budget and Planning, Mohammed Abdullahi, said the immediate past government of Mukhtar Yero spent over N2.1bn on sweets, juice and chocolates to entertain visitors in 2014 alone.
THE BUSINESSDAY NEWSPAPER
Federation revenues get October boost
Only in the month of May this year, was Nigeria’s Federation Accounts Allocation Committee (FAAC) monthly allocations as low as the N420 billion shared in the month of September, and analysts say allocation for October is set to rise on higher crude exports.
Nigerians in Diaspora buy up properties
Despite a rise of about 72 percent in vacancy rate in the real estate market, particularly since the last quarter, naira denominated properties have been experiencing a boom, BusinessDay findings have shown.
Institutional funds buy cheap bank stocks
Foreign institutional fund managers have quietly increased their holdings of Nigerian bank stocks, a sign that the cheap shares may be attracting value traders