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Pulse Frontpage Read today's newspaper headlines [Wednesday, August 10, 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 10 2016:


South West PDP rejects zoning of chairman position to Lagos

Peoples Democratic Party (PDP) leadership in the South West yesterday rejected the Monday’s zoning of the chairman position of the party to Lagos State by some PDP Governors and leaders of the party.

Army hunts for killers of soldiers in Bayelsa

A manhunt has begun for militants who killed three soldiers attached to the Operation Delta Safe in Bayelsa State on Monday, according to the Nigerian Army. READ MORE

Osinbajo sustains conversation on reparation for slavery

Vice President Yemi Osinbajo said yesterday that issues relating to reparations for slavery can only be delayed and not denied.



Budget Padding: EFCC grills Jibrin for seven hours

ABUJA — The Economic and Financial Crimes Commission, EFCC, yesterday, commenced a formal probe into alleged padding of the 2016 federal budget, with the former chairman of the House of Representatives Committee on Appropriation, Abdulmumin Jibrin  being grilled for seven hours. READ MORE

Anti-graft war: NPCC to take over prosecution of ex-govs

ABUJA —The Federal Government has given the National Prosecution Coordination Committee, NPCC, the nod to take over the trial of high profile public officers, especially former governors, alleged to have looted their state treasuries

CBN sets new limit for sale of foreign exchange cash to BDC

LAGOS — The Central Bank of Nigeria, CBN, yesterday, set a new limit  of $30, 000.00 per week for the sale of foreign exchange cash from the Authorised Dealers, ADs  to  Bureaux de Change, BDCs, just as the Naira depreciated to N350 per dollar.



Town hall drama: Nigerians tackle Buhari’s ministers

Nigerians on Tuesday tackled members of President Muhammadu Buhari’s cabinet about poverty and rot in the country at a dramatic town hall meeting in Abuja.

Jonathan using Avengers to destabilise Buhari govt — MEND

The Movement for the Emancipation of the Niger Delta says it has been vindicated by the Reformed Niger Delta Avengers’ allegation that former President Goodluck Jonathan is a grand patron of new militant group, the Niger Delta Avengers.

Presidency backs Dogara, says budget not padded

The Presidency on Tuesday said the  2016 budget, which President Muhammadu Buhari signed into law, was not padded. READ MORE



Budget padding: EFCC writes Clerk, Perm Sec

The Economic and Financial Crimes Commission (EFCC) has written the National Assembly Clerk, Mohammed Sani Omolori, and the Permanent Secretary, Ministry of Budget and National Planning over the budget padding scandal, it was learnt yesterday.

Lagos to seize properties used by kidnappers

THE Lagos State Government yesterday warned that it will not hesitate to confiscate houses and hotels used as hideouts for kidnapping and other criminal activities.

Troops swoop on creeks for soldiers’ killers

The military swung into action yesterday, combing some creeks and waterways in Bayelsa State for the militants who killed three soldiers at a checkpoint near Nembe Jetty on Monday.



CBN tightens noose on its lending window

The Central Bank of Nigeria (CBN) yesterday barred all authorised dealers from accessing its discount window standing lending facility (SFL) on the settlement date for government securities' auction, in a renewed effort at monitoring and managing banking system liquidity.

Recession creates opportunities to formalise export, mining sectors

The economic recession currently besetting Nigeria provides big opportunities to formalise the export and solid minerals sectors an enable them serve as engines of growth rebound, experts say.

Experts see devaluation gains on Eurobond auction

The timing of Nigeria's record Eurobond auction, coinciding with a recent devaluation of the nation's currency may be an auspicious time to rake in more money into the economy, experts say.

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