Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.
For today, August 23 2016:
THE GUARDIAN NEWSPAPER
CBN conducts stress tests on nation’s banks
To assess the strength of the nation’s banks, the Central Bank of Nigeria (CBN) is currently conducting stress tests on them. But depositors need not worry. The tests are routine, according to stakeholders. READ MORE
Militants want government to reopen maritime varsity
For peace to reign in the Niger Delta, some militant groups have urged the Federal Government to reopen the Maritime University in Okerenkoko, Delta State. READ MORE
How Africa can drive growth, by Kagame
What Africa needs to drive her development is not foreign aid but opportunities for the people to make money on their own, President of Rwanda, Paul Kagame, has said. READ MORE
THE VANGUARD NEWSPAPER
CAPTIVITY: Man chains 28 persons in his Lagos house
The Lagos State Police Command have rescued 13 children and 15 adults reportedly chained and locked up by one Emmanuel Adeyemi in a house at Oke-Ira, Ojodu area of the state. READ MORE
Man charged for naming dog Buhari, gets bail
ABEOKUTA — Joachim Iroko, who named his pet dog Buhari was, yesterday, arraigned and granted bail by an Ota Chief Magistrate (2), B. J. Ojikutu, in Ogun State, at about 10am. READ MORE
Emergency Powers bill: LCCI, MAN, NLC, others back Buhari’s proposals
LAGOS— The business community, yesterday, threw its weight behind President Muhammadu Buhari’s proposal to assume emergency powers to revamp the nation’s ailing economy. READ MORE
THE NATION NEWSPAPER
CBN to punish banks for illegal forex transactions
Banks were yesterday hit with allegations of round tripping. Acting Director, Trade & Exchange, W.D. Gotring, in a circular to authorised dealers titled: Re: Transactions in ‘Free Funds’ by Authorised Dealers’, accused banks of buying and selling forex without following stipulated guidelines.
Lagos pastor chains son, 27 others
A 70-YEAR-OLD ‘pastor’, Emmanuel Adeyemi, has been arrested by the police in Lagos for allegedly chaining his son and 27 others. READ MORE
DSS arrests Boko Haram suspects
The Department of State Service (DSS) yesterday said it has made progress in its ongoing tactical and counter-terrorism operations to degrade the capabilities of criminal gangs and syndicates across the country. READ MORE
THE PUNCH NEWSPAPER
Fulani herdsmen kill RCCG pastor, two others in Kaduna
Gunmen suspected to be Fulani herdsmen on Sunday night reportedly killed three persons among them, one Pastor Luka Ubangari of the Redeemed Christian Church of God, Unguwan Anjo, near Godogodo in the Jema’a Local Government Area of Kaduna State. READ MORE
Prophet chains 28 ‘sick’ persons in Lagos apartment
A self-proclaimed prophet, Emmanuel Adeyemi, has been arrested by the police in Lagos State after 28 persons were allegedly found chained in his apartment in the Oke-Ira, Ogba area of the state. READ MORE
Man who named dog Buhari sent to prison
The man who named his dog Buhari, Joachim Iroko, aka Joe, was remanded on Monday at the Ibara Prison following his arraignment at the Ota Magistrate Court 2, Ogun State. READ MORE
THE BUSINESS DAY NEWSPAPER
Analysts expect Buhari emergency power to arrest negative growth
Analysts last night expressed optimism that President Muhammadu Buhari's desire to attract emergency power to fast track Nigeria out of recession may just be the tonic needed to arrest negative growth and increase investor confidence in the country.
CBN moves to stimulate economy, direct 60% FX to manufacturing
In what market watchers regard as a multipronged approach to tackling the recession and reversing negative growth, the central bank of Nigeria (CBN) yesterday directed foreign exchange dealers to henceforth dedicate at least 60 percent of their total FX purchase from all sources, including inter-bank, to end users for the purchase of importation of raw materials, plant and machinery.
Power supply improves as generation rises to 4,133mw
Power supply in Nigeria has seen some significant improvements in the past one month due to the activation of power generating plants that were dormant for most of the first and second quarters of 2016, Businessday gathered from available data.