Newspaper Headlines: Kidnappers flogging Ekiti school children in captivity, says proprietor
Reports on moves by the Central Bank of Nigeria (CBN) to halt the depreciation of the naira at the foreign exchange market, dominate the cover pages of Nigerian newspapers.
The Punch reports that CBN has ordered deposit money banks to sell their excess dollar stocks latest February 1, 2024. The newspaper says Seyi Makinde, governor of Oyo, has given a 72-hour ultimatum to anyone in the state in possession of any kind of explosives to declare them.
The Nation reports that the Economic and Financial Crimes Commission (EFCC) has traced N7 billion fraud to the account of a religious group in the country. The newspaper says FBN Holdings has appointed Femi Otedola, the billionaire businessman and investor, as the new chairman of its board of directors.
The Guardian reports that a magistrate’s court in Nasarawa has ordered that each of the 38 women protesters arrested by the police over alleged unlawful assembly and public disturbance, should bail herself with N500,000. The newspaper says the house of representatives has set December 2025 as the deadline to deliver a new constitution.
Daily Trust reports that socio-cultural groups in Nigeria have criticised the private visit of Tinubu to Paris. The newspaper says the naira traded at N1400/$ at the official market on Wednesday.
THISDAY reports that Festus Keyamo, minister of aviation, said there is no going back on the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. The newspaper says Heineken Lokpobiri, minister of state for petroleum resources, has confirmed that negotiations to end the controversy surrounding the OML 245 are in the final stages.
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