Good morning.  Here is today’s summary from Nigerian Newspapers:

1. Lagos-Calabar Highway Saga: Presidency Fires Back At Atiku


* Says Ex-VP Blinded By Political Ill-Will
* Should Applaud Tinubu On Ambitious, Audacious Project
* Bombs Former VP For Distorting Facts
* Says Seyi’s Membership Of Board Of CDK Does Not Conflict With Project

The ongoing controversies surrounding the award of the contract for the Lagos-Calabar Coastal Highway to Hitech Construction Company Ltd has assumed another dimension as the Presidency has fired back at former Vice President Atiku Abubakar describing him as one who has a penchant for distorting facts.

2. Nigeria Debunks Reports Of Hosting American, French Military Bases

* We Already Enjoy Foreign Cooperation In Tackling Ongoing Security Challenges-FG

The Nigerian government Monday debunked in its totality, reports that it was planning to host foreign military bases within its borders.

3. CBN Orders Banks To Charge 0.5% Cybersecurity Levy From May 20

Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 the Central Bank of Nigeria (CBN) has ordered deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions.

4. Amid Atiku’s Outcry, Shettima Returns To Villa, Tuggar To Now Represent Tinubu At US-Africa Business Summit

Following the outcry by Atiku Abubakar, the former vice president of Nigeria over President Bola Tinubu and Vice President Kashim Shettima's absence from the presidential villa, Aso Rock, the seat of power, Shettima has returned to Abuja to continue attending to national duties, The Matrix has learnt.

5. FG Bows To Pressure, Orders Reduction Of Electricity Tariff For Band A Customers

Amid opposition and uproar from several quarters, the Federal Government of Nigeria through the Nigerian Electricity Regulatory Commission (NERC), has ordered the downward review of electricity tariff for Band A customers to N206.80 per kilowatt-hour from the N225/kWh.

6. SEC Moves To Delist Naira From P2P Platforms To Counter Local Currency Manipulators

In its bid to checkmate the manipulation of the local currency value in the foreign exchange market, the Securities and Exchange Commission (SEC) is set to delist the naira from all Peer-to-Peer platforms.

7. Fresh Crisis Hit Edo As Assembly Speaker Suspends Shuaibu’s Loyalists

The political crisis rocking Edo State took another worrisome dimension on Monday, May 6, 2024 as Edo State House of Assembly Speaker, Blessing Agbebaku suspended three lawmakers.

8. Apprehension Grips Lekki Residents As Commissioner Says 80% Of Buildings Lack Govt Approval

Apprehension has gripped many home-owners and residents in the Lekki area of Lagos State after Oluyinka Olumide, Commissioner For Physical Planning And Urban Development in Lagos has disclosed that 80 percent of buildings in the Ibeju Lekki-Epe corridor have no government approval.

9. Cole Family Saga: Five Nigerian celebrities who embraced love beyond age barrier

Unconventional love tales in Nigeria are typically tainted by cultural conventions, especially when the lady is older than the guy.

10. EPL: Olise Shines As Crystal Palace Massacre Man Utd Four-Nil

Manchester United's season plumbed new depths as they were thoroughly thrashed 4-0 by a Michael Olise-inspired Crystal Palace at Selhurst Park.


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