Nigerian Newspapers Summary
Good morning! Here is today’s summary from Daily News 24. Stay informed with the top stories shaping Nigeria, including a push for $10 billion investment in the power sector, efforts to combat a new terror group in the Northwest, and the disqualification of a Labour Party candidate for the Ondo governorship election. Plus, updates on military attacks, changes in the NNPCL leadership, and significant economic developments impacting the Naira exchange rate.
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- Nigeria seeks $10 billion investment for 24-hour power supply
The Federal Government has announced the need for a $10 billion Public-Private Partnership investment in the power sector over the next decade to achieve stable, 24-hour electricity. Minister of Power, Adebayo Adelabu, revealed this during a meeting with Dr. Jobson Ewalefoh, the Director-General of the Infrastructure Concession Regulatory Commission.
- FG strategizes to tackle emerging terror group in Northwest Nigeria
The Federal Government has unveiled plans to dismantle a new terror group, Lakurawa, operating in the Northwest. Minister of Defence, Mohammed Badaru Abubakar, stated that additional troops and advanced equipment would be deployed to contain the threat and prevent its spread to other states.
- Armed men attack TCN construction site in Kogi State
The Transmission Company of Nigeria (TCN) reported an invasion at its 330/132/33kV transmission substation construction site in Obajana, Kogi State. The armed attack, which occurred on Tuesday night, disrupted ongoing work and raised concerns about the security of critical infrastructure projects.
- Court disqualifies Labour Party candidate for Ondo governorship race
The Court of Appeal in Abuja has disqualified Olusola Ebiseni as the Labour Party candidate for the upcoming Ondo State governorship election. The decision was delivered by a three-member panel led by Justice Adebukola Banjoko, impacting the party’s plans for the November 2024 election.
- Former Edo governor Obaseki takes vacation for medical checks
Former Edo State Governor Godwin Obaseki has embarked on a vacation to rest and undergo comprehensive medical examinations. His media adviser, Crusoe Osagie, announced this on Wednesday, marking a period of recovery following his recent exit from office.
- Gunmen kill two soldiers at Abia-Imo border checkpoint
An early morning attack on Wednesday at a military checkpoint in Ekenobizi, a border community between Abia and Imo states, resulted in the death of two soldiers. Eyewitnesses reported that the attackers arrived in a white Lexus vehicle, though the exact number of gunmen remains unconfirmed.
- Fire guts fitness centre in Gwarinpa, Abuja
A large fire broke out at Eco Fitness Hub in Gwarinpa, Abuja, engulfing much of the popular fitness center. The blaze, which started around noon on Wednesday, left significant damage, although the cause of the fire has not yet been determined.
- New Edo governor dissolves state boards and parastatals
Just a day after his swearing-in, Edo State Governor Monday Okpebholo has ordered the dissolution of all boards, agencies, and parastatals in the state public service. The directive, which took immediate effect, also included the removal of permanent secretaries appointed from outside the civil service.
- NNPCL appoints new Chief Financial Officer
The Nigerian National Petroleum Company Limited (NNPCL) has replaced its Chief Financial Officer, Umar Ajiya, with Adedapo A. Segun. The change was announced by the company’s spokesperson, Olufemi Soneye, as part of ongoing leadership restructuring.
- Naira fluctuates in forex markets amid economic adjustments
The Naira experienced a mixed performance on Wednesday, depreciating to N1,740 per dollar in the parallel market, while appreciating to N1,645.4 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). The fluctuation highlights ongoing challenges in stabilizing the currency.
