Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.

For today, October 26, 2016:


Buhari seeks approval to borrow N9.12tr in two years

Nigeria will be increasing its external debt by as much as 150 per cent in the next two years if the National Assembly approves President Muhammadu Buhari’s plan to borrow $29.960 billion (about N9.12 trillion) within the period.

EFCC will go after more corrupt judges, says Magu

To sustain the campaign against corruption in the judiciary, the Economic and Financial Crimes Commission (EFCC) said yesterday it would continue to monitor all the judges and other judicial officers .

Senate moves to re-introduce toll gates on highways

The Senate has mandated its committee on works to liaise with other relevant stakeholders to study the toll-gate policy aimed at producing a holistic package to generate funds for roads’ maintenance.


NERC: Buhari’s nominee, Akinwande, turns down nomination, shuns Senate screeningThere was mild drama yesterday in the Senate as another nominee of President Muhammadu Buhari, Professor Akintunde Akinwande, failed to turn up for screening as Chairman, Nigeria Electricity Regulatory Commission, NERC.

Why 2017 budget won’t be less than N6 trn, Adeosun tells SenateMinister of Finance, Mrs Kemi Adeosun, Tuesday, told the Senate that the Federal Government would sustain its over N6trillion national budget in the 2017 appropriation bill, expected to be submitted by President Muhammadu Buhari, after the consideration and subsequent approval of the pending 2017—2019 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP, by the National Assembly.Buhari seeks NASS approval for $30bn loan

President Muhammadu Buhari, yesterday, sought the approval of the National Assembly for external borrowing plan of $29.960 billion to execute key infrastructure projects across the country between 2016 and 2018.


Avengers resume bombing of oil facilities

The Niger Delta Avengers (NDA) yesterday said its fighters bombed the Chevron Escravos export pipeline at Escravos offshore in Delta State.

Herdsmen: Fayose raises alarm as Presidency urges calm

The Presidency yesterday appealed to cattle owners and Ekiti people to seek a common ground in finding a solution to the festering row between herdsmen and farmers.

No increase in petrol price, says NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday said there was no need for any increase the pump price of petrol from its present N145 per litre.


Lagos policemen shoot teenager, attack brother with cutlass

An 18-year-old admission seeker, Samuel Omojuwa, is in a critical condition at the National Orthopaedic Hospital, Igbobi, after he was allegedly shot by  one of the  policemen attached to the Ketu Police Division, Lagos State.

EFCC to arraign Obanikoro, Fani-Kayode in Nov

There were indications on Tuesday that the Economic and Financial Crimes Commission was making arrangements to arraign the former Minister of State for Defence, Senator Musiliu Obanikoro, in November.

Jonathan under attack for saying Dasuki didn’t steal $2.1bn

Condemnation on Tuesday greeted the comments by former President Goodluck Jonathan that a former National Security Adviser, Col. Sambo Dasuki (retd,), did not steal $2.1bn contrary to the accusation by the Economic and Financial Crimes Commission, currently prosecuting the ex-NSA.


GTB, Zenith, FBN others to effect changes in board composition

The new Code of Corporate Governance which came into operation last week, is expected to trigger board changes in quoted and unquoted companies operating in Nigeria, BusinessDay can disclose.

Buffeted on all sides, Nigerian youths put own dreams on hold

Muhammad Abubakar, 28, wanted to study computer science. His friend Usman Aliyu, 26, wanted to be a land surveyor. Instead, both sell mobile phones. “Investment House” is what they call the kiosks where they work in the Nigerian city of Gusau.

Buhari presents $30bn 3-year external borrowing plan

President Buhari on Tuesday, 25 October, presented a $29.9 billion 3-year external borrowing plan that could raise Nigeria’s total external debt to $41 billion in three years and raise debt to GDP ratio from 13.2% to 20.7%.