Nigerian Newspapers: Top 10 Business Stories Today

Nigerian Newspapers: Top 10 Stories Today, December 8 2023

3 mins read

Here are the top 10 stories from Nigerian daily newspapers for today, December 8 2023 on Politics, business, entertainment and economy.

 1. Dangote Refinery to Begin Operations As it gets first crude supply

Dangote Petrochemical Refinery is set to begin operations as its first crude feedstock has arrived in the country.

The 650,000 bpd refinery launched in May this year was billed to commence production in June but suffered delay.

According to SP Global quoting market sources and tanker tracking data, a tanker loaded with a 950,000-barrel cargo of Agbami crude on Dec. 6 and was discharged at the refinery’s terminal on Thursday.

2. NJC Rejects Adeleke’s Request To Remove Osun Chief Judge

The National Judicial Council has rejected a request by the Osun State Governor, Ademola Adeleke, to remove the state Chief Judge, Justice Oyebola Adepele Ojo.

Following allegations against Justice Ojo and the resolution of the State Assembly to suspend her, Governor Adeleke had requested to appoint the next most senior judge in the state, Justice David Olayinka Afolabi, in an acting capacity.

3. Godfatherism Crisis: Rivers Gov Fubara Vows Not to Surrender to Intimidation

Siminalayi Fubara, the governor of Rivers State, on Thursday, stated that he would not abandon his mission to serve, defend, and enhance the state’s fortunes, regardless of the degree of intentional sabotage carried out by some sectors.

Fubara, who spoke declaring open the 115 and 116 combined Quarterly General Meeting of Rivers State Council of Traditional Rulers in Port Harcourt on Thursday, said the state is their collective inheritance, presently under his watch as governor, to protect, defend, and advance it.

READ ALSO  Minister Inaugurates NCDMB Governing Council, Promises to Boost Local Content Initiatives 

4. PDP, NNPP, SDP, others Form Alliance against APC

Seven political parties, including the major opposition People’s Democratic Party (PDP), the New Nigeria People’s Party (NNPP), and five others, have formed a coalition.

However, they clarified that their alliance against the ruling All Progressives Congress (APC), was not a merger.

Other parties involved in the coalition are the African Democratic Congress (ADC), the Allied People’s Movement (APM), the Social Democratic Party (SDP), the Young Progressives Party (YPP), and the Zenith Labour Party (ZLP).


5. Cash Scarcity Resurfaces, as Queues Build Up In Banks

There are fears that cash scarcity which hit the country earlier this year is gradually returning as customers are finding it hard to get cash from banks.

Recently, banks reportedly limited the amount for daily withdrawals at Automated Teller Machine points between N10,000 and N50,000.

This comes when the Central Bank of Nigeria (CBN) has already declared that the old naira notes remain legal tender indefinitely and should be used alongside the new ones.

The situation has created panic with customers forming long queues in banks across the country.

6. Sanusi Calls For Audit Of NNPCL

Former Central Bank of Nigeria governor, Sanusi Lamido Sanusi, has called for a comprehensive audit of the activities of the Nigeria National Petroleum Company Limited (NNPCL).

The ex-Emir of Kano advised President Bola Tinubu against occupying the office of the Minister for Petroleum Resources, saying such an arrangement would make it difficult for the country to hold the Nigerian National Petroleum Corporation Limited accountable.

READ ALSO  Pogba Gets 4-year Ban For Doping Offences

7. Trapped Funds: Some Foreign Airlines May Quit Nigeria, IATA Warns

The Central Bank of Nigeria has received a warning from the International Air Transport Association stating that if action is not taken to release the $790 million in ticket income that is now stuck in the nation, certain foreign airlines may be forced to withdraw from the Nigerian market.

8. Kaduna Bombing: We’ll Punish Culprits – FG

Nigeria’s Federal Government has vowed that anyone found culpable in the accidental bombing of villagers on a religious procession in Kaduna will be punished.

The government promised to rebuild Tudun Biri village, Afaka ward of Rigasa District in Igabi Local Government Area, where a routine terrorists-targeted air strike by the Army hit civilians on Sunday night.

9. Nigerian Govt Worried Over Exodus Of Youth

The Nigerian government has expressed worry over the continued exodus of skilled youths from the country in search of greener pastures abroad.

Minister of Humanitarian Affairs/Poverty Alleviation, Dr. Betta Edu, who spoke at the annual National Dialogue on Migration (NDM) organised by the National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI) to mark this year’s International Migrants’ Day in Abuja, said the President Bola Tinubu administration is working hard to reverse the trend with the creation of job opportunities for the teeming youths.

10.Tinubu Appoints New Executive Secretary Of NCDMB

President Bola Tinubu has approved the appointment of some Nigerians to serve in the governing council and management team of the Nigerian Content Development and Monitoring Board (NCDMB).

READ ALSO  CBN's MPR Hike Will Worsen Economic Challenges, Lead To Jobs Losses - Peter Obi

According to a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Engr. Felix Omatsola Ogbe, was appointed as the Executive Secretary of the Board.




Correspondent at Prime Business Africa | + posts

Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.

Leave a Reply

Your email address will not be published.