Newspaper Headlines: Ondo APC guber hopefuls besiege Abuja for Tinubu’s endorsement
Reports on the swearing-in of Senegalese president, the feud between Siminalayi Fubara, governor of Rivers, and the state house of assembly, and the recapitalisation of banks, suffuse the frontpages today.
The Punch reports that revenue generation by electricity distribution companies surged to N1.1 trillion in 2023. The newspaper says Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), said the trial of former governors shows that the agency will not spare anybody.
The Nation says the recapitalisation policy of the Central Bank of Nigeria (CBN) has received the backing of deposit money banks (DMBs). The newspaper reports that the Peoples Democratic Party (PDP) in Rivers state has warned the state house of assembly against impeaching Siminalayi Fubara, governor of the state.
Vanguard reports that banks in Nigeria may require up to N4.7 trillion to meet the recapitalisation benchmark of the Central Bank of Nigeria (CBN). The newspaper says the federal government has increased the price of gas to power generation companies (GenCos).
The Guardian reports that the rising prices of goods in the country can be attributed to high customs duty exchange rate. The newspaper says rehabilitation works on the Third Mainland Bridge cost the federal government over N15.6 billion in six years.
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