Read today's newspaper headlines [Tuesday, February 23, 2016]

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

For today, Tuesday, February 23 2016:

THE GUARDIAN

How abuse of forex rules cripples economyAN alleged ineffective regulatory framework may have worsened the nation’s foreign exchange (forex) crisis. The Central Bank of Nigeria (CBN), the police and the Nigeria Immigration Service , are among the regulatory agencies that are supposed to ensure the proper use of forex. READ MORE

Path to reviving Nigeria’s economy, by World Bank VPFOR Vice President and Treasurer, World Bank, Aruma Oteh, diversifying Nigeria’s economy from its over-dependence on crude oil is the only strategy to effectively revive the parlous economy. READ MORE

PDP’s board of trustees rejects Sheriff as chairmanDESPITE opposition from some quarters, the National Chairman of the People's Democratic Party (PDP), Ali Modu Sheriff, yesterday declared that he would not resign his new appointment. READ MORE___________________________________

VANGUARD NEWSPAPER

Kabiru Marafa, Modu Sheriff: Showdown in Senate, PDP todayABUJA—The Peoples Democratic Party, PDP was, last night, teetering on the brink, following the threat of mass abandonment of the party in the wake of the ascension of Senator Ali Sheriff as the new national chairman of the party. READ MORE

$2bn Malabu oil deal probe: Adoke writes Osinbajo, defends transfer of cash to MalabuABUJA— As the controversy over the $2 billion Malabu oil deal resurfaces, the immediate past Attorney General of the Federation, Mr. Mohammed Adoke, has said his office facilitated the settlement agreement between feuding parties and the Federal Government in the interest of Nigeria. READ MORE

Lagos strange killer disease: Laboratory tests show measles virusLagos State Government, yesterday, confirmed that the blood samples of victims of the epidemic of febrile rash illness that claimed the lives of over 20 children in Otodo Gbame community in Eto-Osa Local Government Area of the state showed measles virus. READ MORE_______________________________

THE NATION NEWSPAPER

BoT to adamant Sheriff: you’re not fit to lead PDPMembers of the Board of Trustees (BoT) of the Peoples Democratic Party (PDP) yesterday rose from a marathon meeting to tell Chairman Ali Modu Sheriff —resign. READ MORE

Badeh, ex-NIMASA DG quizzed in detentionFormer Chief of Defence Staff Air Chief Marshal Alex Badeh yesterday went through fresh grilling in detention with a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Patrick Ziakede Akpobolokemi. READ MORE

Moro for trial over Immigration jobs scandalALL is set for the trial of former Minister of Interior Abba Moro, a former Permanent Secretary and a director over the N650million proceeds of the Immigration recruitment scandal. READ MORE_______________________________

BUSINESS DAY NEWSPAPER

Four SWFs make $100m commitment to NSIA real estate co-investment fundFour unnamed global Sovereign Wealth Funds (SWFs) have committed $100 million each into the Nigerian Sovereign Investment Authority (NSIA) proposed $1 billion Real Estate Co-Investment Fund which will invest in the re-development of Nigeria’s existing buildings and also plans new Greenfield opportunities in the real estate industry, according to Uche Orji, Managing Director, NSIA. The… READ MORE

300,000 barrels shut-in, as Shell declares force majeure on ForcadosOver 300,000 barrels of crude oil and a substantial volume of gas for domestic use have been shut –in as Shell Petroleum Development Company of Nigeria Limited (SPDC) has declared force majeure on Forcados crude liftings effective 1500hrs (Nigerian time) February 21 2016. This follows the disruption in production caused by the spill on the… READ MORE

Dormant accounts soar on anti-graft war, BVNNigerian banks are making in-roads into free monies following what now seems to be ‘insider’ related instructions aimed at alerting relevant government agencies of transactions worth up to N50million done at once, BusinessDay has gathered. Some banks bigwig customers have deliberately ignored linking their Bank Verification Numbers (BVNs) to their accounts, in fear of the… READ MORE_______________________________

THE PUNCH NEWSPAPER

Sheriff still under N300bn Borno allocation probe –EFCCThe Economic and Financial Crimes Commission says the new Chairman of the Peoples Democratic Party, Ali Modu Sheriff, is still under investigation for alleged corruption. READ MORE

Senate set for stormy session over MarafaThe Senate is set for a stormy session on Tuesday (today) as the Committee on Ethics, Privileges and Public Petitions submits its report on the spokesman for the Senate Unity Forum, Senator Kabir Marafa. READ MORE

Woman, 106, rejoices for meeting ObamaAn African-American woman, Virgina McLaurin, has said her meeting with the United States’ President, Barack Obama, is a moment she has longed for in her life. The 106-year-old woman danced with Obama and the First Lady, Michelle, at the White House, saying she had thought she would never have the opportunity. READ MORE