TheCable

The Punch says the federal government may demolish over 30 illegal settlements and slums, and over 6,000 illegal buildings in the federal capital territory (FCT). The newspaper reports that the federal government is expected to make up to $17 billion if it sells its stake in most joint-venture oil and assets.

The Nation reports that the Federal Inland Revenue Service (FIRS) has asked all shipping companies operating within Nigeria’s territorial waters to settle outstanding tax returns before December 31, 2023. The newspaper says five persons were electrocuted while trying to mount a billboard in the Obiri-Ikwerre area of Rumuosi, Rivers state.

Daily Independent reports that telecommunications operators lost over six million subscribers in six months. The newspaper says President Bola Tinubu has asked the newly appointed ministers to prioritise Nigeria’s interest above regional interest.

Daily Trust reports that stakeholders have itemised areas of focus for the newly appointed ministers. The newspaper says two million children need humanitarian aid in Niger Republic.

The Guardian reports that stakeholders have warned that Nigeria’s petroleum industry may be heading for a final collapse if Tinubu follows the path of his predecessors by reserving the ministry for himself. The newspaper says JP Morgan has projected that Nigeria’s inflation may hit 28 percent by the end of 2023.