Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

Top 10 Stories From Nigerian Newspapers Today, 30th May 2023

11 months ago
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Here are the top 10 stories from Nigerian daily newspapers for today, 30th May 2023 on Politics, business, entertainment and economy.

1. Queues Hit Petrol Stations as Tinubu Announces Subsidy Removal

Fuel queues have resurfaced in filling stations across Nigeria as many motorists scrambled to get petroleum products following the announcement of the removal of subsidy on fuel by President Bola Tinubu on Monday.

Tinubu had during his inauguration ceremony at Eagle Square, Abuja on Monday said he is going ahead to implement the decision of the immediate past administration to end the subsidy regime. He said there was no budgetary provision for fuel subsidy from June 2023 onward hence the scheme is gone. Read more

2. Alia Freezes Benue Account, As Anxiety Mounts Over Alleged Plans By EFCC To Arrest Ortom

The newly sworn-in Governor of Benue State, Rev Fr Hyacinth Alia, has ordered the freezing of all bank accounts belonging to the state with immediate effect.

The new governor, who is a Catholic priest, gave the order during his inaugural speech on Monday, 29 May 2023 in Markurdi, the state capital.

Meanwhile, there is palpable anxiety in the camp of the ex-governor, Dr Samuel Ortom as rumour of plans by the Economic and Financial Crimes Commission (EFCC) to arrest him spreads. However, his media aide, Mr Terver Akase, said the former governor has nothing to hide. As he ran “a transparent administration” and would make himself available to the EFCC whenever called upon.

3. U.S. President, Biden, Assures Tinubu Of Support

The United States President, Joe Biden has pledged to support the administration of Bola Tinubu, as 16th President of Nigeria.

Biden, who revealed this in a statement, while congratulating Tinubu on Monday, said they would work together on economic growth.

He also vowed to collaborate with Tinubu in combating insecurity in the country.

4. NLC Reacts To Tinubu’s Fuel Subsidy Removal

The announcement of fuel subsidy removal by the newly sworn-in president, Bola Tinubu has generated reactions from organised labour, who contended that it has grave implications on the economy.

President of the Nigeria Labour Congress (NLC), Joe Ajero, said the subsidy removal would draw the nation’s economy backward, within the next 48 hours.

The union said it was not aware of any consultations held with critical stakeholders like organised labour by the new president.

5. CAN Urges Tinubu To Prioritise Insecurity, Economic Challenges

Christian Association of Nigeria (CAN) has urged the new president, Bola Ahmed Tinubu, to prioritise tackling the challenges of insecurity of and economic challenges in the country.

CAN President, Archbishop Daniel Okoh, in a statement, observed finding a lasting solution to the twi challenges would help improve livelihoods in the country.

6. Media Mogul, Dokpesi Dies At 71

Chairman and founder of Daar Communications, Raymond Dokpesi has died on Monday at the age of 71

Dokpesi, who was also a chieftain of the Peoples Democratic Party (PDP) was said to have suffered from stroke. Read more

7. Buhari Approves Boards for Aviation Agencies Hours Before Exit

President Muhammadu Buhari, through the Minister of Aviation, Hadi Sirika constituted the boards of aviation agencies a few hours to exit from office.

The agencies include the Nigeria Civil Aviation Authority, the Federal Airports Authority of Nigeria, the Nigerian Airspace Management Agency, the Nigerian College of Aviation Technology, the Nigerian Meteorological Agency and the recently created Nigerian Safety Investigation Bureau.

8. DSS Bars EFCC From Office

The Department of State Service (DSS) operatives are reportedly obstructing officials of the Economic and Financial Crimes Commission (EFCC) from entering their office in Ikoyi, Lagos state.

9. New Ebonyi Gov, Nwifuru, Orders Banks To Freeze State’s Accounts 

New Ebonyi State governor, Rt. Hon. Francis Nwifuru has ordered that all banks operating State government’s accounts domiciled with them to with immediate effect, freeze all the accounts.

The order takes effect from Tuesday, May 30, 2023.

10. New Kano Governor Vows To Investigate N241bn Debt Left By Ganduje

New Kano governor, Abba Kabir Yusuf has vowed to investigate the  N241 billion debt which his government has just inherited from former Governor Abdullahi Umar Ganduje’s administration.

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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