Nigerian Newspapers Summary
Good morning! Here is today’s summary from Daily News 24. Stay informed with the top headlines making waves across Nigeria, including CBN’s new forex guidelines, Tinubu’s budget review request, a tragic school fire in Zamfara, the ongoing PDP crisis, and key national security updates.
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1. CBN approves new forex guidelines for BDCs
The Central Bank of Nigeria (CBN) has issued new guidelines allowing Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised Dealer Banks (ADBs). The policy aims to improve liquidity in the retail forex market while ensuring compliance measures to prevent misuse.
2. Fire at Zamfara Islamiya school kills 17 students
A tragic fire outbreak at an Islamiya school in Kaura-Namoda, Zamfara State, has claimed the lives of 17 Almajiri students. The victims were burned beyond recognition as the inferno engulfed the school, leaving charred remains scattered within the premises.
3. Tinubu seeks N54.2 trillion budget approval for 2025
President Bola Tinubu has requested an increase in the proposed 2025 Appropriation Bill from N49.7 trillion to N54.2 trillion. In a letter to the Senate, he emphasized the need for additional funding to address critical national priorities.
4. Tinubu departs for private visit to France
President Bola Tinubu has left Nigeria for a private visit to Paris, France. According to his media adviser, Bayo Onanuga, Tinubu will proceed from France to Addis Ababa, Ethiopia, to attend the upcoming African Union Summit.
5. PDP crisis deepens as BoT rejects Anyanwu as secretary
The crisis within the Peoples Democratic Party (PDP) has intensified following the Board of Trustees’ rejection of Senator Samuel Anyanwu as National Secretary. Instead, the BoT has endorsed Sunday Udeh-Okoye, aligning with the findings of a panel investigating the party’s leadership dispute.
6. Senate sacks three INEC Resident Electoral Commissioners
The Senate has approved President Tinubu’s request to dismiss three Resident Electoral Commissioners (RECs) overseeing Sokoto, Abia, and Adamawa states. The affected officials are Dr. Nura Ali (Sokoto), Hudu Yunusa Ari (Adamawa), and Prof. Ikemefuna Uzochukwu (Abia).
7. Court sets March 18 for ruling in Dangote-NNPC oil dispute
A Federal High Court in Abuja has fixed March 18 to rule on a preliminary objection filed by the Nigerian National Petroleum Company Limited (NNPCL) against Dangote Petroleum Refinery in an oil import license dispute. Both parties have presented their arguments for and against the case.
8. Tinubu reaffirms commitment to national security
President Tinubu has reiterated his administration’s commitment to strengthening Nigeria’s security framework. Speaking at a military conference in Abuja, he commended security agencies for their efforts in tackling threats and pledged continued support for national defense.
9. Senate raises concerns over Nigeria’s rising ‘Japa’ migration
The Senate Committee on Diaspora and NGOs has expressed concern over the increasing trend of Nigerians leaving the country in search of better opportunities abroad. The committee, led by Senator Natasha Akpoti-Uduaghan, is exploring solutions to curb mass emigration.
10. Police arrest three men with human skull in Imo
Three young men have been arrested in Ogii, Okigwe LGA of Imo State, for possessing a human skull. The identity of the deceased remains unknown as investigations continue into the circumstances surrounding the case.
