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:


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


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


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


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


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.