Breaking News in Nigeria Today Wednesday 14th September 2022
Here are some of the Breaking News in Nigeria Today Wednesday 14th September 2022 on some of the nation newspapers .
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CBN: Targeting improved wheat production amid flour price concerns
Wheat value chain disruptions, caused by the Russia-Ukraine war, which has led to a surge in the price of bread in recent months, gives additional impetus to the Central Bank of Nigeria efforts to boost wheat production in the country, writes TONY CHUKWUNYEM Following the outbreak of the Russia-Ukraine war on February 24, Head of
Ponzi: Renewed attraction for desperate Nigerians
Some Nigerians have continued to eye Ponzi schemes and wonder banks as the fastest route to escape hardship, even as they have been defrauded at different times despite regulators’ warnings. RHODA OGUNSEYE reports Nigerians, over the years, have shown they have a high appetite for high risk, high return on investment, regardless of the lack
Minister hunts $9bn jobs for ship-owners
Twenty-seven years after the demise of the Nigeria National Shipping Line (NNSL), the Minister of Transportation is making a new move to stop the $9 billion annual freight revenue loss to foreign liners by establishing a Nigerian fleet that would allow local ship- owners participate in the carriage of Nigeria’s cargoes, BAYO AKOMOLAFE reports Six
3 landlocked countries to patronise Lekki Port
The Nigerian Ports Authority (NPA) has said that Chad, Mali and Niger Republic have indicated interest to route their impprts through the Lekki Deep Seaport in Lagos. Managing Director of the Authority, Mohammed Bello- Koko, disclosed this at the weekend, noting that the commencement of port operations would make Nigeria recover transit cargoes lost to
Afreximbank launches $6bn devt programme for Africa
The African Export-Import Bank (Afreximbank) has said it plans to launch a development financing programme for the benefit of all African countries by providing $6 billion credit facilities. Senior Manager at Afreximbank, Gainmore Zanamwe, was reported by Egypt’s Daily News as saying that the programme aims to finance food and commodities, as well as fertilisers,
UBA restates commitment to boost economic growth through SMEs
The United Bank for Africa (UBA) has reiterated its commitment to supporting Small and Medium Enterprises (SMEs) in Nigeria and on the continent as part of efforts to boost economic growth. According to UBA’s Group Managing Director, Oliver Alawuba, who stated this while commenting on the lender’s recent loan position, “our passion for Small Businesses
IPMAN: Sustaining N21.85trn subsidy’ll ground Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm that Nigeria will be grounded with the humungous amount spent on the subsidy of premium motor spirit, popularly called petrol. The money spent on subsidies from 2005 to 2023 is about N21.85 trillion. IPMAN Chairman of NNPC depot Ore, Western Zone of Nigeria,
Brouhaha over closure of markets during traditional festivals
The Ondo State Executive Council decision that markets should not be closed during traditional festivals without government’s approval, and that such closure should be limited to the kings’ markets, has not gone down well with some people in Akure, who believe that the decision was to reduce the influence of the Deji. Babatope Okeowo reports
How Ogun father impregnated daughter, turned her to prostitute
“The first time I slept with her was some time last year. I came back from the shop that particular day and I don’t know what came over me, I just found myself sleeping with my daughter”. These were the words of 49-year old Amoda Bola arrested for allegedly impregnating his 14-year old daughter, Boluwatife.
Owo Massacre: Surviving victims, families get cash donations, recount horrific attack
In this report, ADEWALE MOMOH writes on how the Ondo State Government doled out cash donations to surviving victims and families of those who lost their lives in the June 5 terror attack at Saint Francis Catholic Church, Owo; as victims recall memories of the deadly incident Three months after the Owo massacre, where over
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