TheCable

The Punch reports that about N531.4 billion of the Central Bank of Nigeria (CBN) intervention funds remains unused in the coffers of nine deposit money banks in the country. The presidency said it is set to launch about 2,700 compressed natural gas-powered buses and tricycles before May 29, 2024, the newspaper says.

Daily Trust reports that at least 2,583 people were killed and 2,164 kidnapped in the first quarter of this year. The newspaper says Wale Edun, minister of finance, said the federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank.

Vanguard reports that manufacturers of consumer goods are counting their losses due to the high cost of raw materials and exchange rate volatility, which resulted in a N266 billion loss in 2023. The newspaper says four Ondo governorship aspirants of the All Progressives Congress (APC) have called for the cancellation of Saturday’s primary election.

The Guardian reports that Nigerian automobile dealers conceal vehicles with minor dents as salvage cars to qualify for 40 to 60 percent duty rebates. The newspaper says the court of appeal in Abuja will today hear the appeal filed by the Economic and Financial Crimes Commission (EFCC) against the order of a Kogi state high court which restrained the anti-graft agency from arresting Yahaya Bello, former governor of Kogi.

The Nation reports that Lucky Aiyedatiwa, governor of Ondo, has been declared winner of the APC governorship ticket amid protest by other aspirants. The newspaper says Olusegun Alebiosu has been appointed as the acting managing director of First Bank of Nigeria.