Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

Top 10 stories From Nigerian Newspapers Today, 4th April 2023

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Here are the top 10 stories from Nigerian daily newspapers for today, 4th April 2023 on Politics, business, entertainment and economy.

1. Delta APC Expels Omo-Agege Over Alleged Antiparty Activities

The ruling All Progressives Congress (APC), Delta State chapter has expelled the deputy senate president, Ovie Omo-Agege, over alleged antiparty activities.

The Delta APC announced Omo-Agege’s expulsion in a letter dated March 31, 2023, released on Monday.

The deputy senate president had contested for the position under the platform of the APC during the 18 March governorship and State Assembly elections in the state.

2. Ohanaeze, Middle Belt Forum, Arewa Youths Kick Against Interim Govt Plot

Three major socio-cultural groups in Nigeria – Ohanaeze Ndigbo, Middle Belt Forum and Arewa Youths- have cautioned against any plan by any group to foist an interim government instead of swearing the president-elect, Bola Ahmed Tinubu.

The controversy over Interim National Government came into national discourse after the Department of State Services (DSS) raised the alarm of plot to truncate the current democratic dispensation, by those opposing the emergence of Tinubu as the winner of the 25th February election.

3. One Killed As PDP, APC Clash Over Inspection Of INEC Materials IN Rivers

Violence rocked Port Harcourt, the Rivers State capital, on Monday as supporters of the All Progressives Congress and the Peoples Democratic Party clashed over the outcome of the March 18 governorship election, leading to the death of one person who was hit by a stray bullet, while scores were injured.

4. 558 Federal Agencies Fail to Disclose N969bn Intangible Assets in Budget – Auditor-General’s Report

The Senate on Monday uncovered how about 558 federal ministries, departments and agencies failed to provide the classification of intangible assets valued at N969 billion in the 2019 budget.

The revelation was contained in the 2019 annual report of the Auditor-General for the Federation currently being scrutinised by the Senate Public Accounts Committee.

5. Oil Sector Stakeholders Warn Against Removing Fuel Subsidy without Palliatives

Stakeholders in the oil and gas sector have warned that removing subsidies on fuel without putting appropriate measures on the ground to cushion the effect will jack up the price resulting in higher transportation fares, increased inflation rate, reduced buying power, and a surge in poverty. Read more

6. Oil Prices Rise As OPEC+ Cut Monthly Output

Global oil prices have spiked as the Organisation of Petroleum Exporting Countries (OPEC) on Monday surprisingly announced cuts in monthly output.

OPEC announced a cut in output at the 48th meeting of the Joint Ministerial Monitoring Committee (JMMC), according to a statement released by the organisation.

7. Orji Uzor Kalu Loses Wife

Senate Chief Whip Orji Uzor Kalu has lost his wife, Mrs. Ifeoma Ada Kalu. Ifeoma was said to have died in the United States of America. 

Kalu announced her death on his verified Facebook page, indicating that she died at 61.

8. Human Rights Commission Cautions NBC Over Sanctioning of Media Houses

The National Human Rights Commission (NHRC), in a form of appeal on Monday, advised the National Broadcasting Commission (NBC) to apply caution when acting on petitions of political parties against media organisations.

9. We’re Ready To Crackdown On Security Threats, Says Army, Warns IPOB, Others

Ahead of the May 29 inauguration of a new government, the Nigerian army stated its readiness to protect the nation’s democracy.

The Director of Defence Information, Brigadier General Tukur Gusau, Defence Headquarters made this known on Monday.

The Chief of Army Staff, Lt Gen Faruk Yahaya, has also threatened to crack down on potential threats to national security and warned the Indigenous People of Biafra, Eastern Security Network and other fringe groups not to test the will of the military.

10. Nigeria Government Approves 173 Online Loan Apps

The Nigerian government through the Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country.

Of the 173, 119 have full approvals and 54 have conditional approvals. After loan apps started harassing Nigerians, the FCCPC began a registration drive to protect citizens from the atrocities of these apps.

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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