Pulse brings you front page stories from Nigeria’s leading newspapers on a day-to-day basis.

For today, Wednesday, February 24 2016:

THE GUARDIAN NEWSPAPER

PDP laments as EFCC arrests Uche SecondusIT is more woes for the Peoples Democratic Party (PDP) as the Economic and Financial Crimes Commission (EFCC) yesterday arrested Uche Secondus who served as the Acting Chairman of the party’s National Working Committee from 2015 to 2016. READ MORE

Hundreds feared killed as herdsmen attack BenueSHOCK, disbelief and anger yesterday trailed the alleged killing of hundreds of persons in four Agatu communities in Benue State by marauding Fulani herdsmen and militiamen. READ MORE

Buhari vows to punish budget padding culpritsTHOSE who connived to inflate the 2016 budget figures may now have an angry President Muhammadu Buhari to contend with. He vowed late Tuesday in Riyadh, Saudi Arabia that they would not escape punishment. READ MORE__________________________________________

VANGUARD NEWSPAPER

Padded budget: I’m embarrassed, says BuhariABUJA — For the first time late Tuesday night, President Muhammadu Buhari, broke his silence on padding in the 2016 budget proposal currently before the National Assembly, vowing to deal decisively with the masterminds. READ MORE

OMOKORE’S N300M EXOTIC CARS: EFCC detains Secondus, PDP deputy chairmanAbuja—Where are the 25 exotic cars which the embattled promoter of Atlantic Energy Concepts Limited, Jide Omokore, allegedly bought for top officials of the Peoples Democratic Party? READ MORE

Kidnap kingpin directs operation from Rivers prisonIt sounds strange, but it is real: a prisoner coordinates kidnapping from Port Harcourt Prison. READ MORE

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THE NATION NEWSPAPER

PDP chief in trouble over 23 cars bought with oil cashDetectives are questioning a Peoples Democratic Party (PDP) chief on how crude oil proceeds were used to buy choice vehicles for party big wigs. READ MORE

Supreme Court: we didn’t sack Andy Uba, Oduah, othersTHE Supreme Court yesterday explained its January 29 judgment in relation to the leadership dispute in the Anambra chapter of the Peoples Democratic Party (PDP). READ MORE

Moro’s associate Ahmadu shuts down UK firmsFugitive businessman Mahmood Ahmadu on the run over the 2014 sham immigration recruitment, has shut down three of his United Kingdom (UK) companies. READ MORE

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THE PUNCH NEWSPAPER

APC convention: Tinubu, Saraki, others meet at Aso RockLeaders of the All Progressives Congress met at the Aso Villa, Abuja, to decide on the party’s national convention. READ MORESix feared dead in Ibadan gang warThe Oyo State Police Command on Wednesday said one person was killed when hoodlums clashed in Oja’ba area of Ibadan. READ MORE

EFCC grills Secondus over N302m car gifts, PDP kicksThe Economic and Financial Crimes Commission has arrested the immediate past Acting Chairman of the Peoples Democratic Party, Prince Uche Secondus. READ MORE

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BUSINESSDAY NEWSPAPER

New policy may trigger M&A, fresh capitalisation in insurance industryTransition to Risk Based Supervision(RBS), a new policy of the National Insurance Commission (NAICOM) expected to bring an end to common capital regime for insurance companies, may trigger a new wave mergers and acquisitions, fresh capitalisation as well as specialisation  in the insurance industry, analysts say. Under this policy, insurance companies will have to raise… READ MORE

IMF warns Nigeria, poverty, unemployment could get worseThe International Monetary Fund, (IMF) has warned that unless Nigeria’s government took urgent steps to stem the current economic decline, there could be a worsening of unemployment and widespread poverty in Africa’s largest economy. The fund therefore called on Nigeria to stop pegging its currency and to remove curbs on access to foreign exchange as… READ MORE

CBN: Nigeria’s foreign reserve may slip to $18bn, forecloses naira devaluationGoing by the projection of the Central Bank of Nigeria (CBN), Nigeria’s foreign reserve, which stands at $27.66 billion may deplete further to $18 billion this year. This is the result from the “risks posed to government revenues – leakages in the oil sector, reduced production, and drop in prices and the dwindling market for… READ MORE