Nigerian Newspaper Headlines today.
Daily News Summary – November 17, 2023
1. National Security Adviser Urges Patience Amid Security Challenges
The National Security Adviser, Mallam Nuhu Ribadu, has called for patience from Nigerians regarding the challenges inherited by the Bola Tinubu administration. Ribadu highlighted the active security issues, including the Boko Haram insurgency, militancy, oil theft, insecurity, and banditry, emphasizing that addressing these challenges will take time.
2. Foreign Exchange Scarcity Linked to Low Export Earnings
The Federal Government attributes the country’s foreign exchange scarcity to low export earnings. Wale Edun, the Minister of Finance and Coordinating Minister of Economy, discussed plans to further diversify the economy during the 40th annual Conference of the Chartered Institute of Directors in Abuja.
3. Tragedy in Lagos as Staircase Collapse Claims Life
In a tragic incident in Oyingbo, Lagos, an 80-year-old woman lost her life when the staircase of a storey building collapsed. The Lagos State Building Control Agency attributed the incident to non-compliance with vacation notices by the building occupants.
4. Driver Arraigned for Reckless Driving Leading to Deaths
The Lagos State Police Command has arraigned Jerry Ironkwe, a 45-year-old driver, for reckless driving that resulted in the deaths of two sweepers from the Lagos State Waste Management Authority.
5. Court of Appeal to Deliver Judgment on Bauchi Governorship Election
The Court of Appeal, Abuja Division, is set to deliver judgment on the Bauchi State governorship election, contested by Governor Bala Mohammed of the Peoples Democratic Party and Sadique Abubakar of the All Progressives Congress.
6. Naira Experiences Significant Depreciation, Rebounds
The Naira recorded a substantial fall, reaching N1,105 at the Nigerian Autonomous Foreign Exchange Market (NAFEM). However, it rebounded to close at 841.14 on Thursday after opening at N830.
7. Zamfara Governor’s Election Declared Void by Court of Appeal
The Court of Appeal in Abuja has voided the election of Governor Dauda Lawal of Zamfara State, ordering a rerun in three local government areas.
8. Minister Emphasizes Revenue Generation and Deficit Reduction
Minister of Finance/Coordinating Minister for the Economy, Mr. Wale Edun, stressed the need for necessary sacrifices to generate sufficient revenue and reduce Nigeria’s high deficit financing. He discouraged heavy reliance on foreign loans for the 2024 Budget.
9. Osun State Governor Suspends Chief Judge Despite Injunction
Osun State Governor Ademola Adeleke suspended Chief Judge Justice Oyebola Adepele-Ojo, replacing her with Justice Yinka Afolabi in an acting capacity, despite an interim injunction restraining the governor from such actions.
10. Federal Government Seizes Over N45 Billion from Illegally Looted Funds
The Federal Government announced the seizure of over N45 billion illegally looted from the national treasury. It also identified and designated individuals and entities linked to terrorist activities, with funds traced to them confiscated
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