Newspaper Headlines: Dangote, modular refineries to pay for crude oil in naira
Reports on the incessant collapse of the electricity grid, and the controversy around the suspension of Abdullahi Ganduje, national chair of the All Progressives Congress (APC), in his ward in Kano, permeate the frontpages of Nigerian newspapers.
The Punch reports that Nigeria witnessed its sixth power grid collapse of 2024 on Monday as gas shortage reduced electricity supply. The newspaper says the naira has continued its resurgence against the US dollar as the Nigerian currency traded at N1,136/$ at the official market and N1,050/$ at the parallel market at the close of business on Monday.
Daily Trust reports that four former governors and 21 other senators have not sponsored any bill since June 13, 2023 when the 10th national assembly was inaugurated. The newspaper says the leadership of the All Progressives Congress (APC) in Ganduje’s Dawakin Tofa LGA ward, has accused the Kano state government of sponsoring elements in the ward to announce the suspension of the national chair of the party.
The Guardian reports that the prices of food items in Nigeria keeps skyrocketing despite the appreciation in the value of the naira at the foreign exchange market. The newspaper says Bello Matawalle, minister of state for defence, has asked federal appointees in the northern part of the country to support President Bola Tinubu or quit.
THISDAY reports that Nuhu Ribadu, the national security adviser (NSA), has announced the rescue of the last batch of the kidnapped students of Federal University, Gusau, Zamfara state. The. newspaper says the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a rise in Nigeria’s crude oil reserves as of January 1, 2024, with the country’s stock of crude oil jumping by 1.087 billion barrels and its gas reserves surging by as much as 2.573 trillion cubic feet (TCF).
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