Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

Top 10 Stories From Nigerian Newspapers Today, 17th April 2023

1 year ago
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Here are the top 10 stories from Nigerian daily newspapers for today, 17th April 2023 on Politics, business, entertainment and economy.

1. Adamawa Poll: Confusion As INEC Nullifies REC’s Declaration Of APC’s Binani As Winner

There is palpable confusion in Adamawa State polity as the events that trailed the Saturday’s supplementary election. The Independent National Electoral Commission (INEC) nullified the declaration made by the state Resident Electoral Commissioner (REC) that the APC’s candidate Aishatu Dahiru Binani was won the election.

The Commission has subsequently recalled the Resident Electoral Commissioner (REC) Adamawa State, Mallam Yunusa Ari, following the declaration of a winner in what INEC described as an inconclusive governorship election. Read more

2. Adamawa Guber Poll: Declare Gov. Fintiri Winner – PDP Tells INEC

The Peoples Democratic Party (PDP) has stated that its governorship candidate in the Adamawa State election, Governor Ahmadu Umaru Fintiri, won the election and should be declared winner by the Independent National Electoral Commissioner.

The party called on the people of the state, Nigerians and the International Community to disregard the purported declaration of the Candidate of the All Progressives Congress (APC), Aisha Binani as the winner of the Adamawa State Governorship election. Read more

3. Tambuwal Wins Sokoto South Senatorial Election, Joins 10th Senate

Sokoto State governor, Aminu Waziri Tambuwal has won the Sokoto South senatorial district election.

According to the Returning Officer of the election, Prof Abubakar Abdullahi Bagudo, who announced the result, Tambuwal, a two-term governor and candidate of the Peoples Democratic Party (PDP)  polled 100,860 votes to defeat his closest rival, the All Progressives Congress (APC) and incumbent senator, Abdullahi Danbaba Dambuwa, who scored 95,884 votes. Read more

4. FG Awaits NASS Approval of Disbursement of $800m W’Bank Post-petrol Subsidy Removal Palliative –Finance Minister

Nigeria’s Minister of Finance, Budget and National Planning, Mr Zainab Ahmed, at the weekend stated that the $800 million facility the country recently got from the World Bank for post-petrol subsidy removal palliative was awaiting parliamentary approval for the federal government to begin disbursement.

5. APC’s Nasiru Idris Emerges Winner of Kebbi Governorship Election

The All Progressives Congress (APC) candidate Nasiru Idris, has been declared winner of the 2023 governorship election in Kebbi State.

Idris was announced the winner on Sunday by Returning Officer for Kebbi State, Yusuf Saidu in Birnin Kebbi, the state capital. Read more

6. Kogi Guber: Dino Melaye Wins PDP Ticket

Senator Dino Melaye has emerged as the Peoples Democratic Party (PDP) candidate for the November 11 Kogi governorship elections.

This was announced by Alhaji Ahmed Makarfi, the chairman of the PDP primary election committee shortly after the primary election held in Lokoja on Sunday.

Makarfi said that Melaye who represented Kogi West at the National Assembly, scored 313 votes to defeat his closest rival, Ilona Idoko-Kingsley who scored 124 votes. Usman Mohammed Kabiru polled 121 votes to take third position, while Abayomi Awoniyi, a former deputy governor, scored 77 votes. Read more

7. UBA Records Profit Growth Across Major Income Lines

The United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2023, recording remarkable growth across all its major income lines.

The Bank’s result which was released to the Nigerian Exchange Limited (NGX)  on Thursday, April 13, 2023 showed that gross earnings rose by 47.5 percent from ₦183.9 billion to ₦271.2 billion; while Interest Income which stood at ₦125.9 billion as at March 2022, grew by 53.4% to ₦191.9 billion in the quarter under consideration. Read more

8. Adjust Exchange Rate, IMF Advises Nigeria, Other African Countries

The International Monetary Fund has advised Sub-Saharan African countries to seek currency adjustments (devaluation) due to the realities of rising global interest rates and limited access to funding.

The fund said that “some adjustment of currencies seems unavoidable in many cases” even if their reaction was to resist it.

9. IPMAN Raises Alarm Over Circulation of Adulterated Diesel

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has raised the alarm over presence of adulterated Automotive Gas Oil (AGO), commonly known as diesel.

The Chairman of IPMAN, Enugu depot, Mr Chinedu Anyaso in charge of Anambra, Ebonyi and Enugu states, said this in Awka on Sunday.

Anyaso said the leadership of IPMAN had received reports of damaged vehicles and industrial machines from members of the public as a result of suspected adulterated AGO.

10. INEC Asks Buhari, Osinbajo, Others To Publish Assets Before May 29

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to declare his asset as he concludes his term in office by the end of May 2023.

The civil rights advocacy group also asked the president to encourage his Vice, Professor Yemi Osinbajo, and other top government officials to follow suit. Read more



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