Nigeria Newspaper Headlines Today 29th May 2024 [Wednesday]

Good morning Nigeria, and the world at large.

Below is the summary of Nigeria Newspaper Headlines for today 29th May 2024 being Wednesday.

Nigeria Newspaper Headlines Today 29th May 2024 [Wednesday]

1. The tripartite committee on the new minimum wage faced its third deadlock as organized Labor turned down the government’s proposal of N60,000 during the recent negotiations.

2. On Tuesday, a gathering of prominent figures, including Vice President Kashim Shettima, paid their final respects to the late former Chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde, at his funeral held in Abuja’s National Mosque.

3. Operators of currency exchange bureaus in Nigeria have expressed their disapproval of the Central Bank’s new regulations, which require Tier-1 operators to have a minimum capital base of N2 billion and Tier-2 operators to have N500 million. Following a meeting in Lagos, the President of the Association of Currency Exchange Operators in Nigeria, Dr. Aminu Gwadabe, stated that the capital requirements imposed by the CBN are excessive and not in line with international standards.

4. On Monday, the Senate approved the National Anthem Bill 2024, aiming to bring back the former anthem Nigeria, We Hail Thee. The previous week, the Red Chamber passed the Bill through initial and secondary readings before referring it to the Judiciary, Human Rights, and Legal Matters Committee for additional legislative processing.

5. Yesterday, President Bola Tinubu commended FCT Minister Nyesom Wike for revitalizing the nation’s capital. During the inauguration of the Southern Parkway project, which was launched 13 years ago and runs from Christian Centre to Ring Road One, Tinubu praised Wike for bringing life back to the city.

6. Atiku Abubakar, the ex-Vice President, criticized President Bola Tinubu’s one-year administration as a period marked by experimentation and mistakes. He argued that the administration’s policies have led to impoverishment of the poor, financial ruin for the wealthy, and caused a severe economic downturn for most Nigerians.

7. The Labour Party’s caucus in the House of Representatives has strongly criticized President Bola Tinubu’s first year in office, labeling it as a period marked by economic challenges, insecurity, and despair. According to the Caucus Leader, Afam Victor Ogene, the LP caucus expressed disappointment that the President’s Renewed Hope Agenda campaign promises have not been fulfilled, with the economy showing no signs of improvement and instead worsening. This statement was made during a state-of-the-nation address in Abuja on Tuesday.

8. Two kidnappers in Ankumi forest, Obajana were eliminated by the Kogi State Police Command, as announced in a statement on Tuesday by SP William Aya, the Public Relations Officer of the command in Lokoja.

9. Bolanle and Olayinka Dauda, a couple, have been apprehended by the National Drug Law Enforcement Agency for operating a cocaine smuggling ring. The agency disclosed that significant amounts of illegal drugs valued in billions of naira were seized during separate operations conducted in Lagos and Ogun states. Femi Babafemi, the agency’s spokesperson, officially verified this information through a statement released on Tuesday.

10. On Tuesday, the Senate granted a pardon and reinstated Senator Abdul Ahmed Ningi from Bauchi Central. The recall was set in motion following a motion put forth by Deputy Minority Leader Sen. Abba Moro, who conveyed apologies on behalf of the suspended senator.

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