Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

Top 10 stories From Nigerian Newspapers Today, 1st April 2023

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

1. NBC Sanctions Channels TV Over Datti Baba-Ahmed’s Interview     

The National Broadcasting Commission has slammed a fine of N5 million on Channels Television for breaking the broadcasting law in a programme with the Labour Party Vice Presidential candidate, Datti Baba-Ahmed.

2. Presidency confirms Sylva’s resignation as Minister of State Petroleum

The Presidency has confirmed the resignation of the Minister of State Petroleum Resources, Chief Timipre Sylva.

Sylva tendered his resignation from the job ahead of the All Progressive Congress, APC, governorship primaries in Bayelsa State next month. He has declared his intention to contest in the November 2023 Bayelsa governorship election.

3. Name, Arrest Those Behind Interim Government Plot, IPAC Urges DSS

Chairman of Inter-Party Advisory Council (IPAC), Yabagi Sani, has asked the Department of State Service (DSS) to name and apprehend those it said are behind plans to install an interim government in the country.

4. Nigeria, Pakistan to Improve Bilateral Trade

The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the responsibility of improving bilateral trade and collaboration between Nigeria and Pakistan.

5. Police Arrest Portable in Ogun after Declining 5 Invitations

The Nigerian Police on Friday arrested the controversial singer, Habeeb Okikiola, popularly known as Portable, after failure to honour five invitations sent to him.

The singer was handed a 72-hour ultimatum by the police to report himself to the nearest police station after he was captured in a viral video resisting arrest by operatives of the force. The ultimatum expired on Friday.

6. NEMA Receives 130 Stranded Nigerians From Libya

The National Emergency Management Agency (NEMA) Wednesday received over 130 Nigerian returnees from Tripoli, Libya, in Lagos.

Director General (DG) of the agency, Alhaji Mustapha Habib Ahmed, said the agency received the returnees on arrival at the Cargo Wing of the Murtala Muhammad International Airport, Ikeja, immediately after they landed at the airport.

7. Alleged IPOB Invitation: Arrested Eze Igbo in DSS Custody — Lagos Police

The Lagos State Police Command has confirmed the arrest of Fredrick Nwajagu, the Eze Igbo of Ajao Estate in Lagos State.

The Command also disclosed that Nwajagu had been taken into the custody of the Department of State Services.

8. Labour Party Dismisses Suspension of National Chairman

The Labour Party has debunked the purported suspension of its national chairman, Julius Abure, by its Ward Executive in Esan North East Local Government Area of Edo State.

The party said the so-called Ward Executives were sponsored by opposition parties to announce the purported suspension of the national chairman, adding that no reasonable member of the party would be thinking of suspension when they are pursuing their stolen mandates at different levels in the Election Petition Tribunals including that of the presidential mandate. Read more

9. Buhari May Not Remove Fuel Subsidy Before Leaving Office

There are indications that President Muhammadu Buhari may not approve the removal of fuel subsidy before the handover to the next administration on 29th May 2023.

The petrol subsidy which has been depleting the country’s finances has drawn wide concerns both from Nigerians and the international community, making President Buhari last year promise to remove the subsidy at the end of May this year.

10. NSIA grows net assets by 10% to N1tn

The manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent from N919.73bn in 2021 to N1.02tn in the 2022 financial year.

This was disclosed in its audited results for the 2022 financial year, which was released on Thursday.

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.


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