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Pulse Frontpage Read today's newspaper headlines [Wednesday, August 24, 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 24 2016:


Again, Ekiti fails to halt probe of its finances

The Ekiti government yesterday again failed to halt the probe of its finances by anti-graft agencies. The High Court sitting in Ado Ekiti refused the ex-parte motion brought by it to stop the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and other related Offences Commission (ICPC), Department of State Services (DSS), Commissioner for Finance, Accountant General and five banks with the state’s finances.

CBN sanctions nine banks over $2.334 billion NNPC funds

Nine of the deposit money banks in the country have been banned from further foreign exchange transactions for their refusal to remit outstanding $2.334 billion Nigerian National Petroleum Corporation (NNPC) funds in their coffers. READ MORE

National Assembly slashes CBN’s budget by 50 per cent

The National Assembly has reduced the budget of the Central Bank of Nigeria (CBN) by 50 per cent.The director of the Bank in charge of Financial System Stability (FSS) 20:2020 Implementation Committee, Suleyman Mohammed, disclosed this in Abuja, yesterday.



We need credible information to rescue Chibok girls – Buhari

ABUJA—To successfully rescue the abducted Chibokgirls, the government needs credible information on their exact location and the cooperation of relevant persons, President Muhammadu Buhari has said. READ MORE

CBN must review 41 items restricted from FX market – OPS

ABUJA— The Organised Private Sector, OPS, yesterday, insisted that the Central Bank of Nigeria, CBN, must review its policy on the 41 items restricted from official foreign exchange market.

CBN suspends 9 banks from forex transactions

LAGOS— The Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further dealing in foreign exchange transactions, until they remit all outstanding Nigerian National Petroleum Corporation, NNPC, funds in their vaults into the Treasury Single Account, TSA. READ MORE



CBN sanctions nine banks for hiding NNPC’s $2.274b

Nine deposit money banks (DMBs) are in trouble for hiding over $2.274 billion belonging to the Nigerian National Petroleum Corporation (NNPC) from the Treasury Single Account (TSA). READ MORE

$10.3b probe: EFCC to seize Diezani’s assets in America

Former Petroleum Resources Minister  Diezani Alison-Madueke is likely to lose some United States properties traced to her. READ MORE

Ajimobi okays 35 local council devt. areas

OYO State Governor Abiola Ajimobi has approved the creation of 35 new local council development areas (LCDAs) to accelerate even growth at the grassroots.



$2.3bn NNPC funds: CBN bars 9 banks from forex market

The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the Nigerian National Petroleum Corporation to the Treasury Single Account. READ MORE

CAN calls emergency meeting over Zamfara, Kaduna killings

The Christian Association of Nigeria in the north has summoned an emergency meeting over Monday’s killings of eight persons in Talata-Mafara community in Zamfara State and the death of a pastor of the Redeemed Christian Church of God, Luka Ubangari, by suspected Fulani herdsmen in Unguwan Anjo, Kaduna State. READ MORE

Jonathan’s campaign funds: EFCC to charge Falae with money laundering

The Economic and Financial Crimes Commission is set to arraign a former Secretary to the Government of the Federation, Chief Olu Falae, for allegedly receiving N100m from the Goodluck Jonathan Campaign Organisation during the 2015 General Elections. READ MORE



Multiple port inspection impedes non-oil export

Shippers, especially exporters of non-oil cargo, have raised fresh concerns over the confusion and bottlenecks created by multiple government agencies involved in inspection of export products at the nation's sea port.

CBN suspends nine banks from FX transaction for withholding $2.3bn govt' funds

The Central Bank of Nigeria (CBN) has confirmed that it has barred nine bases from further foreign exchange transaction for failing to return some $2.334 billion to the Treasure Single Account (TSA).

Audit report question Niger Delta Ministry's N420bn budget spend

Between 2009 and 2015, over N700billion was budgeted by the Ministry of Niger Delta for 427 projects and while N420billion or 60 percent of the money was released, only 51 projects or 12 percent of the total have been completed, according to a report of the Ministerial technical Audit Committee on the contracts awarded in the period.

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