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Newspaper Headlines: Reps ask airlines to refund N4bn COVID-19 funds

idris.shehu@thecable.ng'byIdris Shehu
March 4, 2024 7:00 am

Reports of some Abuja residents breaking into the federal capital territory (FCT) warehouse and carting away foodstuffs, permeate the front pages of Nigerian dailies. 

The Punch says security has been tightened around warehouses of the National Emergency Management Agency (NEMA) across the country following the looting at the FCT store in Abuja. The newspaper reports that at least 40 million telephone lines were barred by telecommunication operators over the weekend following the expiration of the February 28, 2024 deadline issued by the Nigerian Communications Commission (NCC).
The Nation reports that three cement manufacturers in Nigeria recorded a profit of N710.03 billion in 2023. The newspaper says President Bola Tinubu has assured foreign investors that Nigeria is eliminating all obstacles to investments in the country.
Daily Trust says Vice-President Kashim Shettima has urged Nigerians to express their feelings about the country’s current economic situation in a responsible manner. The newspaper reports that Salihu AbdulHadi Kankia, a member of the First Aid Group of Jama’atu Izalatil Bid’ah Wa Iqamatus Sunnah (JIBWIS), was showered with rewards for returning a lost bag containing over N100 million.
The Guardian reports that the Katsina police command has placed a N50 million bounty on two suspected bandit kingpins — Modi Modi and Jan Kare. The newspaper says Nigerian telecommunication companies suffered an N83.3 billion loss based on Average Revenue per User (ARPU) monthly due to disconnected telephone lines.
ThisDay says the Central Bank of Nigeria (CBN) has concluded a sale of government securities, issuing N1.053 trillion in short-term instruments as part of its liquidity management exercise. The newspaper reports that the Nigeria Employers’ Consultative Association (NECA) and the Centre for the Promotion of Private Enterprise (CPPE) have expressed concerns over the additional levy of $10,000 and $15,000 per expatriate staff and director, respectively, imposed by the federal government.

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