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Newspaper Headlines: $150m spent on monthly petrol importation, says CBN

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
August 3, 2023 7:00 am

Reports on the protest organised by the labour unions over the state of the economy, dominate the cover pages of Nigerian newspapers today.

The Punch reports that banks, offices and other businesses in many parts of the country were shut on Wednesday following nationwide processions by organised labour. The newspaper says President Bola Tinubu has sent the second batch of his ministerial nominees to the senate.

 

THISDAY reports that Tinubu has promised leaders of organised labour that the Port Harcourt refinery will commence production in December 2023. The newspaper says the Central Bank of Nigeria (CBN) said it has no control over the price of petrol and the performance of the dollar.
The Nation says the national executive committee (NEC) of the All Progressives Congress (APC) will decide the fate of national working committee (NWC) members today. The newspaper reports that CBN said $150 million is being spent monthly on petrol importation.
Daily Independent says the Nigerian Medical Association (NMA) has directed its members in government hospitals on Lagos Island to embark on an indefinite strike over the death of Vwaere Diaso. The newspaper reports that the United Kingdom (UK) has backed the measures put in place by the Economic Community of West African States (ECOWAS) to force the military to reinstate Mohamed Bazoum, president of Niger Republic.
The Guardian reports that Tinubu nominated 47 ministerial nominees despite persistent calls for reduction in the cost of governance. The newspaper says former President Muhammadu Buhari and former Vice-President Yemi Osinbajo have excused themselves from the APC caucus meeting ahead of today’s NEC meeting of the party.

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