Top Nigeria Newspaper Headlines Today 5th November 2024 [Tuesday]

Below is the summary of Top Nigeria Newspaper Headlines Today 5th November 2024 being Tuesday.

Top Nigeria Newspaper Headlines Today 5th November 2024 [Tuesday]

1. Minors Detained Over August 1 Protest to Be Released

President Bola Ahmed Tinubu has ordered the release of all minors detained in connection with the August 1 cost of living protest. This was announced by the Minister of Information and National Orientation, Mohammed Idris, on Monday.

2. President Tinubu Swears in Seven New Ministers

On Monday, President Bola Tinubu inaugurated seven newly appointed ministers during a ceremony at the Council Chambers in Abuja.

3. EFCC Arrests Former Delta Governor Ifeanyi Okowa

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Delta State Governor, Ifeanyi Okowa, on allegations of diverting N1.3 trillion in state funds.

4. Federal Government Removes Universities from IPPIS

On Monday, the federal government announced that universities and other state-owned tertiary institutions would no longer be part of the Integrated Personnel and Payroll Information System (IPPIS). The Office of the Accountant General of the Federation (OAGF) made the announcement.

5. Debt Servicing to Revenue Ratio Drops to 65%

President Bola Tinubu reported on Monday that Nigeria’s debt servicing to revenue ratio has decreased to 65%. This is an improvement from the previous 68% reported in his October 1 Independence Day speech. He made the statement during the inauguration of seven new ministers.

6. No Directive to Change Salary Accounts, Says AGF

The Accountant-General of the Federation (AGF), Mrs. Oluwatoyin Madein, clarified on Monday that the government did not issue any instruction for workers to change their salary accounts. This followed reports that workers had been told to update their account details on the Integrated Personnel and Payroll Information System (IPPIS) platform.

7. FG Cancels Abuja-Kaduna-Zaria-Kano Road Contract

The federal government has terminated the contract for the rehabilitation of the Abuja-Kaduna-Zaria-Kano dual carriageway, Section I (Abuja-Kaduna), with Julius Berger Construction Company. The decision was announced after the company failed to attend a meeting to discuss the N740 billion contract, which they had rejected.

8. Finance Minister Stands Firm on Forex and Oil Reforms

Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, affirmed on Monday that President Bola Tinubu’s reforms in the forex and oil and gas sectors will continue unabated. Edun made this statement during a meeting with Doris Uzoka Anite, the newly appointed Minister of State for Finance.

9. Bauchi Police Neutralize Six Kidnappers

The Bauchi State Police Command reported that six suspected kidnappers were neutralized during an operation in several villages and the Burra Mountain area, all within Ningi Local Government Area. Commissioner of Police Auwal Musa Muhammad shared this update during a press briefing.

10. PETROAN Criticizes Dangote Refinery for High Petrol Price

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has criticized the Dangote Petroleum Refinery for selling petrol at N990 per litre. PETROAN argues that the price is unreasonable, especially given the substantial foreign exchange concessions the refinery received during its construction. The association also pointed out that the cost of imported petrol is lower, with major marketers reporting a landing cost of N978 per litre as of October 31, 2024.