TheCable

The Punch reports that the Peoples Democratic Party (PDP) and the Labour Party (LP) have kicked against the declaration of Hope Uzodinma, governor of Imo, as the winner of the November 11 governorship election in Imo state. The newspaper says Aliko Dangote, the president of Dangote group, said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon.

The Nation reports that the Nigerian Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties to N783/$. The newspaper says the Oyo State Mineral Development Agency has sealed mining sites operating without consent letters and community development agreement.

Daily Trust reports Senate President Godwin Akpabio as saying that Nigerian legislators are the most misunderstood and attacked among the three arms of government. The newspaper says President Bola Tinubu has promised that he will ensure that the national assembly creates constitutional roles for traditional rulers.

Daily Independent reports that the naira seems to have succumbed to pressure in the foreign exchange market as it depreciated massively against the US dollar after experiencing a rebound for a few days. The newspaper says the Joint Admissions and Ma­triculation Board (JAMB) said it welcomes the decision of the senate to probe alleged admission racketeering in universities, saying the exam body will be vindicated.

THISDAY reports that the Nigeria Extractive Industries Transparency Initiative (NEITI) said the huge recurrent expenditure of state governments is affecting their capacity to develop. The newspaper says the Central Bank of Nigeria (CBN) has intensified its clearance of backlogs of foreign exchange (FX) forwards.