Here are the top 10 stories from Nigerian daily newspapers for today, 14th June 2023 on Politics, business, entertainment and economy.
1. Tinubu To Lawmakers: Let’s Kick Off With Business Of Governance
With the successful inauguration of the 10th National Assembly and election of principal officers, President Bola Tinubu has charged lawmakers to get on with the business of governance in order to deliver their mandate to the people.
The president appealed to the legislature to cooperate with the executive to enable it collectively deliver on campaign promises.
Tinubu made the call in his congratulatory message to the elected principal officers of the 10th National Assembly. Read more
2. Tinubu Mourns As Boat Accident Kills Over 100 In Kwara
President Bola Tinubu has expressed sadness over the boat accident that led to the death of over 100 persons in Kwara State on Wednesday.
The boat accident killed over 100 persons who were wedding guests at Egbu village in Patigi Local Government Area of the state. Read more
3. Guinness World Record Confirms Hilda Baci Record for Longest Cooking Marathon
Hilda Effiong Bassey, also known as Hilda Baci, has made history by officially breaking the Guinness World Record for the longest cooking marathon (individual), with an impressive time of 93 hours and 11 minutes. Read more
4. 2023 Presidential Election: Tribunal Admits 188 additional Exhibits from Obi
Presidential Election Petition Court (PEPC) has admitted additional 188 exhibits tendered by the Presidential candidate of the Labour Party (LP) in the February 25 election, Mr Peter Obi, against the declaration of President Bola Ahmed Tinubu as winner of the election.
The documents tendered were mainly results sheets and reports used by the Independent National Electoral Commission (INEC) during the election.
The exhibits admitted by the court would be considered when determining the legality or otherwise of Tinubu’s return as the President
5. NNPCL Denies Giving Dangote Refinery Licence for Fuel Import
The Nigerian National Petroleum Company Limited (NNPCL), has denied claims that it has given a license to Alhaji Aliko Dangote, owner of the Dangote refinery to import the Petroleum Motor Spirit (PMS) also known as petrol, pending completion of his refinery.
The NNPC stated that it is not within its jurisdiction to grant a license or permit for fuel import.
6. Subsidy Removal: Marketers Seek Access to FX For Petrol Import
As the Nigerian government begins the implementation of deregulation of the downstream sector of the oil and gas industry, marketers, key players are seeking access to foreign exchange at a rate that will be friendly to their bottom line.
The oil marketers who accused the Nigerian National Petroleum Company Limited (NNPCL) of tactically retaining monopoly of products importation to its benefit, said having access to foreign exchange at an affordable rate would help them bring the product into the country for adequate supply.
7. Student Loan: Nigeria Govt to Introduce Tuition Fees in Universities
With the signing into law of the Student Loan Act, there are indications that the Nigerian government is set to introduce tuition fees in federal universities, polytechnics, and other tertiary institutions.
President Bola Ahmed Tinubu on Monday assented to the bill which was widely celebrated across the country.
Currently, the government operates a tuition fee-free system in the federal tertiary institutions which makes students pay less.
However, with the passage of the new law, there are indications by educationists and other stakeholders, that it would have implications in terms of students paying higher fees which could affect many of them.
According to the Act establishing the law, the Student Loan Bill would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.
However, Clause 3 of the Students Loan Act says: “The loans referred to in this Act shall be granted to students only for the payment of tuition fees.”
8. Ondo Gov Writes State Assembly, Seeks Medical Leave
Ondo State governor, Rotimi Akeredolu has written to the state’s House of Assembly, seeking to embark on medical leave due to his ill health.
The governor’s request was contained in a letter addressed to the Speaker of Ondo State House of Assembly, Olamide Oladiji, where he said he would travel on June 7 and return on July 6.
Excluding public holidays, the governor will spend 21 days on leave.
9. Nigeria Generates 709bn VAT in Q1, 2023 – NBS
Nigeria generated N709.59 billion in revenue from Value Add Tax (VAT), in the first Quarter of 2023.
This was revealed in the National Bureau of Statistics report on VAT released on Tuesday.
The figure represented a quarterly increase of 1.75 per cent from N697.38 billion generated in the fourth Quarter of 2022.
According to the report, local payments recorded were N436.10 billion, foreign VAT payments were N151.13 billion, while import VAT contributed N122.37 billion in Q1’23.
10. OPEC: Nigeria Regains Top Spot as Africa’s Crude Oil Producer
Nigeria emerged as Africa’s top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd).
This was revealed in the latest monthly oil market report by the Organisation of Petroleum Exporting Countries (OPEC) which said Nigeria produced 1.268 million bpd in March against 1.306 million bpd in February 2023.
This is even as OPEC’s total crude oil production averaged 28.80 million barrels a day in March, lower by 86,000 barrels per day month-on-month.
Nigeria has, however, reported the lowest production so far this year, according to the Nigerian Upstream Regulatory Commission (NUPRC).
This is due to a lack of investments, security risks and oil theft which affects output.
OPEC said Nigeria had the highest crude production in the month under review, followed by Algeria and Angola, which recorded one million and 972,000 bpd, respectively.