Read today's newspaper headlines [Wednesday, August 30, 2017]

THE GUARDIAN NEWSPAPER

No meeting, act on our demands, ASUU tells government

The leaders of the Academic Staff Union of Universities (ASUU) yesterday stayed away from a meeting called by the Minister of Labour and Employment, Chris Ngige, to find a solution to the strike embarked upon by the union on August 13, 2017.

Oil marketers threaten mass sack over N720b subsidy arrears

Except the Federal Government pays all petroleum subsidy arrears of over $2 billion (N720 billion) owed oil marketers, many employees in the downstream sector may soon be thrown into the labour market.

Evans to be arraigned in court today

Cold-blooded kidnap suspect, Chukwudumeme Ohamadike, a.k.a. Evans, would be charged to court today after over three months in police detention.

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VANGUARD NEWSPAPER

FG’s already restructuring - Lai Mohammed

The Federal Government has commenced the process of restructuring in the way it understands, the Minister of Information, Culture, and Tourism, Alhaji Lai Mohammed, said yesterday.

Lagos gets new Police Commissioner

The Inspector General of Police, Ibrahim Idris, has appointed, Imohimi Edgar, as the new Commissioner of Police in-charge-of the Lagos State Command, following Edgar’s recent promotion to by the Police Service Commission.

Naira appreciates to N368/$ in parallel market

The naira, yesterday, appreciated to N368 per dollar at the parallel market.

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THE PUNCH NEWSPAPER

FG decides on ASUU’s demands today as union shuns meeting

There are strong indications that the Federal Executive Council will, at its meeting on Wednesday (today) decide on the demands of the Academic Staff Union of Universities.

55 NNPC top managers affected in major shake-up

The Nigerian National Petroleum Corporation on Tuesday announced the reorganisation of its management staff in a major shake-up that affected 55 top executives.

Rivers DPO arrested for ritual killer’s escape from custody

A Divisional Police Officer in Rivers State (name withheld) has been arrested on the orders of the State Police Command for his alleged involvement in the escape of one Ifeanyi Dike, who killed an eight-year-old for alleged money ritual.

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THISDAY NEWSPAPER

Wigwe: Banks Cannot Provide for Power Sector Loans Because It’s Systemically Important

The Group Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, has explained why Nigerian banks have still not made provisions for most of the power sector loans, despite the fact that most of the loans taken by investors who bought up the federal government’s assets in the electricity sector almost four years had defaulted on their loan repayments.

AGF Explains Why Arewa Youths Were Not Arrested

Following accusations of bias, the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), has proffered a reason as to why the proponents of the quit notice to Nigerians of South-east extraction residing in the Northern part of the country were not arrested.

NNPC Boosts Gas Supply to Gencos, Redeploys Top Staff

The Nigerian National Petroleum Corporation (NNPC) increased its daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.

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THE BUSINESSDAY NEWSPAPER

Automakers hold back from Nigeria over delay in NAIDP bill

The delay in the passage of the National Automotive Industrial Development Plan (NAIDP) bill into law by the Senate, is said to be one of the factors holding back an estimated $5 billion worth of investment by automakers into the various local automobile assembly plants in Nigeria, under the 10-year (2013-2023) Auto Industry Development Plan.

Banks hit by slow growth in deposits, as customers prefer T-bills, FX purchase

Nigerian banks’ deposit growth has hit a three-year low, due to increased appetite for Treasury Bills by customers and their move to clear pent up foreign exchange (FX) obligations.

Osinbajo opens 60,000 metric-tonne fertiliser plant in Edo

Vice president Yemi Osinbajo has inaugurated the Edo Fertiliser Plant and Chemical Company Limited, a public, private venture which has the capacity to produce about 60,000 metric tonnes of fertiliser per annum.