Naija News looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Monday, 11 October 2021.
The PUNCH leads with the Nigerian National Petroleum Corporation, oil marketers and experts giving reasons why the Federal Government could not stop petrol subsidy despite its non-inclusion in the 2022 budget.
According to Vanguard, Nigeria’s total Foreign Portfolio Investments, FPI, inflow through the Nigerian stock market has dropped by 44.1 per cent to N262.85 billion Year-on-Year as at August 2021, from N470.2 billion in 2020.
Nigeria will come out stronger from its many challenges, this is according to the Minister of Information and Culture, Lai Mohammed. Daily Sun reports
According to The Guardian, The Muhammadu Buhari-led administration is planning to remove subsidy on PMS later this month as part of the ongoing implementation of the Petroleum Industry Act (PIA), this will see petrol hit as high as N320 per litre.
President Muhammadu Buhari has earmarked the sum of N24,835,805,231 for operating the State House in the 2022 Appropriation Bill, Nigerian Tribune says.
Nigeria’s apex bank, the CBN, has directed commercial banks to review their loan exposure to oil and gas, agriculture, telecommunication sectors among others. The Nation reports.
Daily Trust on Monday takes a look at the plight of Internally Displaced Persons (IDP) in the Northeast.
Analysts say the introduction of e-Naira by the CBN may cut earnings of commercial banks as they make huge income from transactions and hidden charges on their e-channels, this is according to Daily Independent.
Daily Times leads with the Muhammadu Buhari-led federal government insisting that Nigeria security forces treat IPOB, Yoruba Nation agitators and bandit terrorists the same way.
Chief Raymond Dokpesi has called on the main opposition party, PDP, to give its presidential ticket to the north if it wants to win the 2023 election, Blueprint reports
Thank you for reading, that all for today, see you again tomorrow for a review of Nigerian newspapers.