Here are the top 10 stories from Nigerian daily newspapers for today, 5th April 2023 on Politics, business, entertainment and economy.
1. 2023 Polls: FG Accuses Obi, Datti Of Treason
The Nigerian Government has accused the Presidential candidate of the Labour Party, Mr Peter Obi, of provoking people to violence over the outcome of the just concluded presidential elections.
The Minister of Information and Culture, Alhaji Lai Mohammed during his official engagements with some international media organisations in Washington (DC), said it was wrong for Obi, who seeks redress in court over the outcome of the polls to also provoke people to violence. Read more
2. Obi Reacts To Allegations of Treason, Says Claims Malicious, Fictitious
Presidential candidate of the Labour Party in the 25th February election, Mr Peter Obi, has dismissed the allegations that he has been encouraging actions aimed at undermining the Nigerian government.
Obi stated this in reaction to a statement credited to the Minister of Information and Culture, Lai Mohammed, who accused him of making statements capable of stoking insurrection due to the outcome of the presidential election which produced Bola Tinubu of the All Progressives Congress as the president-elect. Read more
3. Fuel, Subsidy, Naira Redesign Pose Danger To Nigeria’s Economy – Report
Spanish macroeconomic intelligence provider, FocusEconomics, has warned that Nigeria’s economy faces serious fiscal risk over fuel subsidy removal as well as the Naira redesign policy by the Central Bank of Nigeria.
4. Foreign Investments In Nigeria Drop to $5.3bn – NBS
A report released by the National Bureau of Statistics (NBS) on Tuesday revealed that foreign investments in Nigeria decreased to $5.3 billion in 2022 compared to the $6.7 billion recorded in the previous year.
A breakdown of the report reveals that in the first quarter, Nigeria received N1.57 billion in foreign investment, followed by N1.53 billion in the second quarter and N1.15 billion in the third quarter.
The fourth quarter saw a decline in foreign investment, with a value of N1.06 billion. In terms of state-by-state analysis, Lagos State attracted the most investment with $3.59 billion, followed by the Federal Capital Territory, Abuja, which attracted $1.62 billion.
5. NCC Denies Leaking Obi, Oyedepo Audio Conversation
The Nigerian Communications Commission (NCC) has denied the allegations that it was responsible for the tracking and leaking of the purported telephone conversation between Mr Peter Obi and the Presiding Bishop of Living Faith Church, David Oyedepo.
The Commission said that by the provisions of the Nigerian Communication Act (NCA) 2003 and other extant Laws of the Federation, the Commission does not and cannot “track” nor “leak” telephone conversations of anyone. Read more.
6. Buhari Removes NASENI Executive Vice Chairman
President Muhammadu Buhari has ordered the removal of the Executive Vice Chairman (EVC) of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammed Sani Haruna, and asked him to immediately hand over his office to the next most senior officer in the establishment.
7. Trump Charged For Falsifying Business Record
Former president of the United States of America, Mr Donald Trump, was on Tuesday arraigned and charged with 34 counts of falsifying business records in the first degree, making it the first time a sitting or former president has been charged with a criminal offence.
He, however, pleaded not guilty to the charges at the Manhattan Court, New York
8. Igbos Not Scrambling To Takeover Lagos – Anya-Ndi-Igbo
Anya-Ndi-Igbo, a non-partisan organisation has said the ethnic group is not in any battle with the Yoruba nation to take over Lagos as being insinuated in some quarters. The group made the clarification during a solidarity visit to Chief Ayo Adebanjo, the leader of the pan-Yoruba socio-cultural organisation, Afenifere, on Tuesday, 4th April 2023. Read more
9. Nigeria More Divided Than Civil War Era – Sanusi
The former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said that Nigeria has become more divided along ethnic and religious lines as never seen after the Civil War.
He observed that the country has been dangerously divided along ethnic and religious lines simply because of the election which had put the integrity of public institutions in question. Read more
10. Naira Crisis: Circulation Low, NLC Tells CBN
The organised labour has warned that its ultimatum to the Central Bank of Nigeria to provide sufficient cash within two weeks or risk the picketing of its offices still stands.
The Vice President of the Nigeria Labour Congress, Adewale Adeyanju, said the congress was monitoring the cash supply to the commercial banks by the CBN, noting that the current cash flow was not 100 per cent as expected.