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Pulse Frontpage Read today's newspaper headlines [Thursday, July 21, 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, July 21 2016:


Eight power plants idle as output drops to 2,984.3mw

Eight power plants have been shut down as at yesterday due to the inability to transport gas to them, a situation often blamed on the activities of militants who repeatedly bomb pipelines.

‘Hypertension, physical inactivity cause 83.7% of stroke’

Scientists have confirmed hypertension and physical inactivity as the two major causes of stroke, constituting 83.7 per cent of the burden. They also identified eight other modifiable risk factors.

‘Recovery plans inadequate to tackle economic slump’

Recovery plans by the Nigerian government are not adequate to tackle economic slump and the citizens will have to live with hard times until next year, according to Bloomberg L.P.



Sex scandal: US Ambassador ignores Reps probe again

ABUJA — THE outgoing United States Ambassador to Nigeria, James Entwistle, yesterday, failed again to appear before the House of Representatives investigative hearing committee on the alleged sex misconduct involving three members of the House. READ MORE

Buhari nominates Ndoma-Egba as NDDC Chairman

President Muhammadu Buhari has nominated Senator Victor Ndoma-Egba as the Chairman of Niger Delta Development Commission, NDDC. READ MORE

DSS detains Zamfara Speaker, deputy, others over plot to impeach Gov Yari

GUSAU — The Department of State Service, DSS, has detained, in Abuja, Speaker of Zamfara State House of Assembly, Sanusi Rikiji, his deputy, Muhammad Gumi and other principal officers of the Assembly allegedly on the order of Governor Abdulaziz Yari over impeachment move against him.



House fires committee chair over Budget 2016 padding

The House of Representatives yesterday replaced its Appropriation Committee Chairman, Abdulmumin Jibrin, over the controversial “padding” of the 2016 budget. READ MORE

Rep close to tears at sex scandal hearing

One of the three House of Representatives members accused of sexual misconduct in the United States was yesterday close to tears as he defended his integrity before the panel probing the allegations made by U.S. Ambassador to Nigeria James Entwistle. READ MORE

Market in confusion as naira exchanges at N373 to dollar

There was confusion in the market yesterday as the naira slumped to a new low in both the official and parallel markets, exchanging at N292.90 and N373 to the dollar.



Halliburton: Buhari’s wife sues Fayose

The wife of President Muhammadu Buhari, Aisha, has sued the Ekiti State Governor, Ayo Fayose, for alleging that she was one of those indicted for involvement in the Halliburton multi-million dollar scandal. READ MORE

Naira sinks to 375/dollar, economists seek policy change

Economists on Wednesday advised the Federal Government and the Central Bank of Nigeria to review their policies and introduce measures that would turn around the dwindling fortunes of the nation’s economy.

Budget padding: Dogara sacks appropriation committee chair, Reps jubilate

The Speaker of House of Representatives, Mr. Yakubu Dogara, on Wednesday relieved the Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, of his position, because of the crisis, which trailed the 2016 budget. READ MORE



Stockbrokers eager to see Businessday listed on NSE

In a show of confidence in the management, corporate government and future of BusinessDay media Limited, stockbrokers in Nigeria's capital market, Wednesday urged the company to list its shares on the Nigerian stock Exchange (NSE).

Offshore investors need Nigeria sovereign yields at 20% to act

Nigerian sovereign bond and Treasury bill (T-bills) yields will probably need to rise near 20 percent in coming weeks to attract offshore funds buying interest, BusinessDay analysis of historical data shows.

FMCG firms to see margin compression on rising input costs

Investores in consumer goods firms should brace up for lower margins as shortages of gas in factories, currency risk, and high energy costs will spike production costs throughout 2016.

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