Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

Top 10 stories From Nigerian Newspapers Today, 6th April 2023

12 months ago
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Here are the top 10 stories from Nigerian daily newspapers for today, 6th April 2023 on Politics, business, entertainment and economy.

1. Buhari Approves N320bn Intervention Fund For Public Tertiary Institutions

The Nigerian Government led by President, Muhammadu Buhari has approved N320,345,040, 835 as the 2023 intervention funds for public tertiary education institutions in the country.

Executive Secretary of Tertiary Education Trust Fund, TETFund, Arc. Sonny Echono, disclosed this in Abuja on Wednesday, during the Fund’s annual strategic planning workshop with all heads of beneficiary institutions.

2. Nigerian Govt To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Nigeria has secured $800 million from the World Bank to disburse to vulnerable households after the removal of subsidy on the premium motor spirit (PMS).

The Nigerian government already slated June as the last month for fuel subsidy payment after postponing the removal in January 2022. Read more

3. Nigerian Govt Extends Deadline For Deep Offshore Oil Block Min-bid round 

The Nigerian government has revised the schedule for the 2022/2023 deep offshore oil block mini-bid round, extending the deadline for the submission of Technical/Commercial bids to May 19.

This is part of efforts to boost confidence in the transparency and continuity of the process, a statement issued by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated.

4. DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government.

Oniha said despite not generating enough revenue, the Federal Government has been issuing several promissory notes to creditors. Read more

5. Ekeremadu’s Conviction: Temper Justice With Mercy, Obasanjo Appeals To UK Court

Former President Olusegun Obasanjo has intervened in the legal travails of a former Deputy Senate President of Nigeria, Senator Ike Ekweremadu, in the United Kingdom over the crime of conspiracy to harvest the organ of a 21-year-old Nigerian.

Obasanjo in a two-page letter dated April 3, 2023, appealed to the Chief Clerk of the Central Criminal Court in London to temper justice with mercy. Read more

6. Obi Will Not Leave Nigeria Despite Opposition Threats – LP

The Labour Party has stated that its presidential candidate in the 25th February election, Mr Peter Obi, will remain in Nigeria to challenge the outcome of the polls to a logical conclusion despite threats from opposition forces.

The party said it has observed alleged attempts by the ruling All Progressives Congress in connivance with state institutions to silence Obi by arresting him with false charges of causing violence and insurrection in the country. Read more

7. Court Suspends Labour Party Chairman, Other National Officers  

A Federal Capital Territory High Court has issued an order restraining the National Chairman of the Labour Party (LP), Julius Abure; National Secretary, Farouk Ibrahim and two others from parading themselves as national officers of the party.

Among others suspended are the National Organising Secretary, Clement Ojukwu and the Treasurer, Oluchi Opara. Read more

 

8. NNPC failed To Account for N102bn oil delivery to Refinery – Report

The Nigerian National Petroleum Company has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102 billion, a Senate report disclosed.

The Senate on Wednesday, considered and adopted the report of its Committee on Public Accounts which probed the spendings of government agencies using the 2016 audit report.

9. House of Reps Speakership: Opposition parties Plot to Topple APC

Ahead of the inauguration of the 10th National Assembly, members of the opposition political parties in the House of Representatives have begun making moves to to elect one of their own as the Speaker of the Green Chamber.

 

10. 2023 Polls: Afenifere, Igbo leaders Knock Lai Mohammed Over Treason, Allegations

Pan-Yoruba socio-political organisation, Afenifere and Igbo leaders have berated the Nigeria’s Minister of Information and Culture, Alhaji Lai Mohammed, for alleging that Labour Party presidential candidate and his running mate, Dr Yusuf Datti Baba-Ahmed, committed treason through their conduct since after the general elections.

Afenifere accused the minister of seeking the face of Tinubu after a strained relationship.

On the other hand, Igbo youths, under the auspices of the Coalition of Southeast Youth Leaders (COSEYL), called for the arrest of Mohammed, saying his position was hate speech.

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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