TheCable

Despite Nigeria’s high inflation, unemployment and rising poverty levels, Burger King, one of the World’s biggest burger chains, is planning to come to Nigeria, Business Day reports. The newspaper says Seplat issued the highest ever Nigerian oil and gas bond worth $650 million.

The Guardian says telecommunications companies may lose N25 billion owing to the prolonged suspension of sales of new SIM cards. The newspaper reports that the decision of the federal government to spend $1.5 billion on rehabilitation of Port Harcourt refinery elicited public criticism.

The Nigerian Tribune reports that the drive of states and LGAs to increase internally generated revenue has worsened the burden of citizens. The newspaper says the Peoples Democratic Party (PDP) announced it will waive nomination fees for aspirants under 35 years old.

The Punch says the country’s daily fuel consumption hit 72.72 million litres in December 2020 amid the smuggling of the product to neighbouring countries. The newspaper reports that resident doctors have threatened to embark on indefinite strike, effective from April 1.

The federal government and the monetary authorities are working at cross purposes, a situation that is hurting the economy, Daily Independent says. The newspaper reports that controversy is trailing the release of N22 billion bailout to the aviation industry.

The Nation reports the comment of Bola Tinubu, national leader of the All Progressives Congress (APC), that only unity and peace can make Nigeria great. The newspaper reports that Atiku Abubakar, former vice-president, explained how Nigeria can attract foreign capital inflow.