TheCable

The Punch reports that the Central Bank of Nigeria (CBN) has started introducing intervention measures aimed at clamping down on currency speculators in the forex market. The newspaper says manufacturers are lamenting over possible job losses as the price of diesel hits N950 per litre.

The Nation says the CBN is likely to inject dollars into the market to stabilise the foreign exchange rate. The newspaper reports that the Nigerian Air Force (NAF) has commenced a probe of the crash of one of its helicopters travelling to Kaduna from Zungeru in Niger state.

Daily Independent reports that telecom firms are making more revenue as many workers are now working from home due to the hike in the price of petrol. The newspaper reports the National Emergency Management Agency (NEMA) as saying that 19 states and 56 communities across the country are likely to witness heavy rainfall in August.

Vanguard reports that organised labour has threatened to embark on an indefinite strike if the current price of petrol increases. The newspaper says the federal government is planning to identify, revive and list all moribund government assets on the stock exchange market.

The Guardian reports that the economic reforms of President Bola Tinubu face stress tests from depreciation of the naira, threats from labour unions, among others. The newspaper says Nigerians are facing more hardship as transport fares have increased by 120.6 percent.