HomeBusinessNigerian Newspapers: Top 10 Stories to Start Your Wednesday Morning

Nigerian Newspapers: Top 10 Stories to Start Your Wednesday Morning

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Nigerian Newspapers Summary

Good morning! Here is todayโ€™s summary from Daily News 24. Stay updated with the top headlines making waves across Nigeria, including FAACโ€™s allocation of N1.203 trillion for August 2024, Governor Fubaraโ€™s suspension of the Akuku-Toru local government chairman, and the Presidencyโ€™s dismissal of rumors about the CBN governor’s resignation.

READ ALSO: Nigerian Newspapers: Top 10 Stories to Start Your Tuesday Morning

1. FAAC allocates N1.203 trillion in revenue for August 2024: The Federation Accounts Allocation Committee (FAAC) has announced the allocation of N1.203 trillion in revenue for August 2024, distributed among the Federal Government, State Governments, and Local Government Councils. This announcement was made in a communiquรฉ following FAACโ€™s September 2024 meeting in Abuja.

2. Rivers State governor suspends Akuku-Toru chairman: Siminialayi Fubara, the governor of Rivers State, has suspended Otonye Briggs, the chairman of the Akuku-Toru local government area, effective immediately. The suspension was confirmed in a statement released on Tuesday by his chief press secretary, Nelson Chukwudi.

3. Presidency denies claims of CBN governor’s resignation request: The Presidency has rejected claims circulating in the media that President Bola Ahmed Tinubu requested the resignation of Central Bank of Nigeria (CBN) Governor Olayemi Cardoso. Special Adviser to the President on Information and Strategy, Bayo Onanuga, labeled the reports as โ€œall liesโ€ in a post on his verified X account.

4. PDP governors reaffirm support for Fubara as party leader: Governors from the Peoples Democratic Party (PDP) have reiterated their commitment to recognizing Siminalayi Fubara as the leader of the party in Rivers State. Bala Muhammed, the chairman of the PDP governors, made this statement on Tuesday.

5. NIHSA issues warning about Lagdo Dam water release: The Nigeria Hydrological Service Agency (NIHSA) has warned of water being released from the Lagdo Dam in Cameroon. Director General Umar Mohammed assured Nigerians that there is no cause for alarm, as major flooding is not expected in the country.

6. Gen. Danjuma calls for urgent action against banditry: Elder statesman and former Chief of Army Staff Gen. Theophilus Danjuma has called on all service chiefs to take decisive action to combat banditry and restore peace in the country. He emphasized that there are โ€œno excusesโ€ for the ongoing insecurity, including rampant abductions and killings.

7. Nigeria earns $1.2 billion from telecom licenses: The Federal Government has collected approximately $1.2 billion in telecom license fees from major operators like MTN, Globacom, and Airtel since the mobile technology sector’s inception in 2000. Former President Olusegun Obasanjo shared this information during a book launch in Lagos on Tuesday.

8. National Centre to destroy over 30,000 arms and ammunition: The National Centre for the Control of Small Arms and Light Weapons has announced plans to destroy a total of 30,132 arms and ammunition that have been recovered, decommissioned, or deemed unserviceable. This includes 3,383 firearms and 26,749 rounds of ammunition, some sourced from government agencies.

9. Kaduna governor expresses condolences for crash victims: Governor Uba Sani of Kaduna State expressed profound sorrow following the tragic auto crash during Eid-el-Maulud celebrations, which has now resulted in 40 fatalities, predominantly among children. He extended his heartfelt condolences to the families of the victims.

10. Nigeria Police Force reports over 2,398 arrests nationwide: The Nigeria Police Force announced on Tuesday that over 2,398 suspects have been apprehended across the country in recent months. The breakdown includes 259 arrests for armed robbery and 186 for kidnapping, along with many others involved in various criminal activities, according to Force Spokesperson Muyiwa Adejobi.

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