₦airaland Forum

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

1. Economy: Tinubu Takes Big, Bold Decisions

* FG To Splash Over N2tr On Coastal Highways, Several Other Road Projects
* FEC Okays Fresh Investment In Infrastructure, Housing Sector
* FG To Tap Opportunities In Digital Economy, Approves Startup Hub In US

The Federal Executive Council (FEC) chaired by President Bola Tinubu rose from its two-day high-profile meeting on Tuesday, with the approval of a series of significant infrastructure projects and policy initiatives aimed at boosting the economy of the country.

2. Cybersecurity Levy: Finally, FG Bows To Pressure

*Announces Suspension, To Review Modalities For Its Implementation

Amid massive protest and outrage from different sections of Nigeria over the 0.5 percent cybersecurity levy introduced by the Office of the National Security Adviser, the Federal Government of Nigeria has backtracked.

3. Nigeria’s Oil Production Rose To 1.28mbpd In April, Highest In Africa- OPEC

Nigeria’s average daily crude oil production rose to 1.28 million barrels per day (bpd) in April, the Organisation of Petroleum Exporting Countries (OPEC) has disclosed.

4. Amid 82% Revenue Loss, Tinubu, Shettima, VIPs To Pay Toll Fees At Airports, Says Keyamo

Following poor revenue generation from toll gates at airports due to exemptions and corruption, Festus Keyamo, Minister Of Aviation has made it compulsory for President Bola Tinubu, Vice-President Kashim Shettima, Service Chiefs and other Very Important Personalities (VIPs) to pay the required toll whenever they use the gates at airports.

5. Customs To Splash N12.5bn On Toyota SUVs, N522m On Insurance For Vehicles

The Nigeria Customs Services (NCS) has secured the approval of the Federal Executive Council (FEC) to splash the sum of N12.5bn on 200 Toyota Land Cruiser Buffalo V6 Sport Utility Vehicles (SUVs).



6. 11 Company get CBN Agent Right For Crude Oil, Gas Exports In Nigeria

Eleven pre-shipment monitoring and assessment agents for Nigerian oil and gas exports have been appointed, with approval from the Central Bank of Nigeria (CBN).

7. Again, Fubara Bombs Wike, Says Most Projects He Commissioned Not Fully Funded

Rivers State Governor, Siminalayi Fubara is not backing down on his recent attacks on his predecessor and godfather, Nyesom Wike.

8. Six More Kidnapped Confluence Varsity Students Regains Freedom, Says Kogi Govt

Six more kidnapped students of the Confluence University of Science and Technology (CUSTECH), Osara, Kogi have regained their freedom, the Kogi State Government has announced.

9. Mimisola Daniels On Performance:  Stay Focused, Committed To Delivering  My Best

caramel-skinned Actress Mimisola Daniels is a talented producer, performer, and scriptwriter. She has produced Yoruba films such as Ranti mi, Ola, Surface, Abiamo, and more, and she has appeared in about a hundred home videos in Nollywood's English and Yoruba domains. She has created more than ten outstanding pictures, earning her a great deal of appreciation for high-caliber cinema. Mimi, a fellow businesswoman, moved to Lagos from Ibadan lately. In this interview, she discusses all of this and more. Have fun.

10. EPL: It’s In City’s Hands As Pep Guardiola's Smells Title With Victory Over Spurs

Manchester City took a huge step towards the Premier League title as Erling Haaland's double clinched a 2-0 win over Tottenham to send them two points above Arsenal ahead of the final day.

READ FULL STORIES ON: https://matrixngr.com/2024/05/15/top-10-stories-across-nigerian-newspapers-wednesday-morning-may-15-2024/

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

1. Rivers Crisis: Fubara Blows Hot

* Says It Is Clear That There’s No Way To Settle The Crisis Amicably
* Unveils Plans To Set Up A Panel Of Inquiry To Probe Wike’s Administration
* Even If It's By Mistake, I am Now Governor, He Fires Back At Wike, Others

 In a latest twist to the already volatile political crisis rocking the oil rich south-south state of Rivers, the state’s Governor Siminalayi Fubara has announced a plan by his administration to set up a panel of inquiry into the governance of the state.

2. Obi’s Visit To Atiku, Saraki, Lamido: Details Emerge

* “State Of The Nation” At Center Of Each Discussion-Obi Aide Says

The details of the recent “private visits” by Peter Obi, the 2023 presidential flag bearer of the Labour Party, LP, Peter Obi to top political figures such Atiku Abubakar, Bukola Saraki and Sule Lamido have finally emerged.

3. IMF Reveals FG May Need Supplementary Budget To Pay Minimum Wage

The International Monetary Fund has disclosed that the Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for Nigerian workers.

4. After Nationwide Picketing Exercises, FG Bows To Pressure, To Convene Meeting Next Week On Electricity Tariff Hike

The federal government appears to have bowed to pressure from organized labour as it disclosed that it will go back to the drawing board with relevant stakeholders to address the issue of the electricity tariff hike.

5. Fresh Trouble For Sirika, EFCC To Arraign Ex-Minister, Brother On Fresh 8-Count Charge Today

Former Nigeria’s aviation Minister, Hadi Sirika appears to be heading for fresh trouble if information getting to The Matrix is anything to go by.

6. EFCC To Arraign Emefiele On Wednesday Over Naira Swap Case

The Economic and Financial Crimes Commission (EFCC) will arraign a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday for approving the printing of N684.5m at the rate of N18.96bn.

7. Tinubu Mandates All MDAs To Procure CNG-Powered Vehicles``

President Bola Tinubu has mandated all Ministries, Departments, And Agencies (MDAs) to procure vehicles powered by Compressed Natural Gas (CNG).

8. Tinubu Swears In Two National Population Commissioners

President Bola Tinubu, Monday, May 13, 2024 administered the oath of office on two commissioners from Ogun and Osun States as members of the National Population Commission.

9. Nigerian Afrobeat ‘Beef’ Surges

Recently the ‘beef’ in Nigerian music industry especially Afrobeat has surged.

10. Excited Sports Minister Officially Unveils Finidi George As Super Eagles’ Head Coach

An excited Minister of Sports Development, John Enoh, on Monday officially unveiled Finidi George as the new head coach of the Nigerian men national team, the Super Eagles.


READ FULL STORIES: https://matrixngr.com/2024/05/14/top-10-stories-across-nigerian-newspapers-tuesday-morning-may-14-2024/

Tinubu Swears In Two National Population Commissioners

President Bola Tinubu, Monday, May 13, 2024 administered the oath of office on two commissioners from Ogun and Osun States as members of the National Population Commission.  https://matrixngr.com/2024/05/13/tinubu-swears-in-two-national-population-commissioners/

We Won’t Stop Picketing IBEDC, NERC Offices Until FG Reduces Electricity Tariff-NLC, TUC

The Nigeria Labour Congress (NLC), Oyo State chapter, says it won’t backtrack on picketing the Ibadan Electricity Distribution Company (IBEDC) until the federal government reduces the hiked electricity tariff.  https://matrixngr.com/2024/05/13/we-wont-stop-picketing-ibedc-nerc-offices-until-fg-reduces-electricity-tariff-nlc-tuc/

Excited Sports Minister Officially Unveils Finidi George As Super Eagles’ Head Coach

An excited Minister of Sports Development, John Enoh, on Monday officially unveiled Finidi George as the new head coach of the Nigerian men national team, the Super Eagles.  https://matrixngr.com/2024/05/13/excited-sports-minister-officially-unveils-finidi-george-as-super-eagles-head-coach/

Abuja High Court Slams Labour Party ₦50,000 Fine As Party Withdraws Suit Against Rivers Lawmakers

The Federal High Court in Abuja, presided over by Justice James Omotosho, has fined the Labour Party ₦50,000 for their legal action against defection of MPs in Rivers State.  https://matrixngr.com/2024/05/13/abuja-high-court-slams-labour-party-%e2%82%a650000-fine-as-party-withdraws-suit-against-rivers-lawmakers/

Pastor Adeboye:  How God Dealt With Billionaires Who Queried Me Over Their ‘Hefty’ Tithes

Pastor Enoch Adeboye, the general overseer of the Redeemed Christian Church of God (RCCG), has revealed how God interacted with a few billionaires after holding them accountable for their tithes. https://matrixngr.com/2024/05/13/pastor-adeboye-how-god-dealt-with-billionaires-who-queried-me-over-their-hefty-tithes/

Cardoso Reveals When Interest Rates Will Drop Low

Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has proposed that interest rates stay high until the rate of inflation declines.  https://matrixngr.com/2024/05/13/cardoso-reveals-when-interest-rates-will-drop-low/

Why FG Set To Restructure NYSC Scheme, Empower 5000 Corps Members

To meet future demands, the Federal Government intends to thoroughly analyze, reorganize, and modernize the National Youth Service Corps (NYSC).  https://matrixngr.com/2024/05/13/why-fg-set-to-restructure-nysc-scheme-empower-5000-corps-members/

Money Market: Unilever Nigeria Shareholders Approve N4.309 Billion Dividend

The Board of Directors' recommendation for a full-year dividend of N4.309 billion, or 75 kobo per share, has been approved by Unilever Nigeria Plc's shareholders.  https://matrixngr.com/2024/05/13/money-market-unilever-nigeria-shareholders-approve-n4-309-billion-dividend/

In April, FG raises N4.2 billion from Nigerian savings bonds 

Investors have responded favorably to the most recent Federal Government of Nigeria Savings Bonds (FGNSB), with a total of almost N4.2 billion being allotted for the April 2024 issue. Hundreds of investors participated, according to the Debt Management Office (DMO), demonstrating a high level of confidence in the stability and returns of government-backed assets.  https://matrixngr.com/2024/05/13/in-april-fg-raises-n4-2-billion-from-nigerian-savings-bonds/

Cybercrime levy: KPMG Blast FG 
The Central Bank of Nigeria (CBN) and the federal government have come under fire from international tax and advisory firm KPMG for implementing the cybercrime charge outlined in the 2024 Cybercrimes Amendment Act, claiming that no nation can tax its way to prosperity.  https://matrixngr.com/2024/05/13/cybercrime-levy-kpmg-blast-fg/

Excited Sports Minister Officially Unveils Finidi George As Super Eagles’ Head Coach


An excited Minister of Sports Development, John Enoh, on Monday officially unveiled Finidi George as the new head coach of the Nigerian men national team, the Super Eagles.

The Minister unveiled the former Super Eagles forward at an event in Abuja attended by the leaders of the Nigerian Football Federation (NFF) at the Media Centre of the Moshood Abiola National Stadium in Abuja on Monday morning.

“Any country I find an indigenous coach sitting on the bench, I always feel very proud and I am glad that we have an opportunity to have a Nigerian coach, Finidi George, as football men national team coach,” Enoh said during the unveiling.

Read Also: NFF Appoints Finidi George As Head Coach Of Super Eagles

The former Real Betis winger was appointed permanently after the departure of the Portuguese gaffer Jose Peseiro. He was an assistant to Peseiro at the last African Cup of Nations in Ivory Coast where the team finished second place.

George’s appointment was announced a few weeks ago after he took charge of the team on an interim basis for the doubleheader international friendly against Ghana and Mali.

His first assignment as the substantive Head Coach will be the 2026 World Cup qualifier against the Bafana Bafana of South Africa in June.

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

1.  Rivers Crisis: Fresh Drumbeat Of War Resounds

* Lawmakers Loyal To Fubara To Screen Commissioner-Nominee Today
* Ex Commissioner Reveals How Fubara Spent Money without appropriation
* Falana Insists Lawmakers That Defected Have Lost Their Seats

Fresh drumbeat of war is reverberating loudly in the oil rich- south-south state of Rivers as members of the Rivers State House of Assembly loyal to Governor Siminalayi Fubara and led by factional Speaker, Victor Oko-Jumbo will today screen a commissioner-nominee.

2. Fresh Outrage Rocks Cybersecurity Levy

* SERAP, BudgIT, 136 Nigerians Sue CBN

The recent introduction of the Cybersecurity Levy by the Central Bank of Nigeria (CBN) has continued to draw criticism and condemnation.

3. Bayelsa Gov, Diri Makes Fresh Case For Resource Control, Faults 13% Derivative Formula

Bayelsa State Governor, Douye Diri, has become the latest high-profile individual to back the calls for resource control.

4. Tariff Hike: NLC To Picket DisCos, NERC Offices Today To Press Home Reversal Demand

Following an increase in the tariff of electricity consumers under Band A (those who enjoy 20 hours per day electricity supply), the Nigeria Labour Congress, NLC, has directed its members to picket offices of the Nigerian Electricity Regulatory Commission, NERC, today (Monday, May 13, 2024).

5. 95% of Informal Sector Should be Exempted from Paying Taxes- Taiwo Oyedele

The federal government is working on a system that will provide tax relief to 95 per cent of the informal sector of the country’s economy.

6. Prince Harry, Meghan Wrap Up 3-Day Tour To Nigeria With Lagos Visit

Prince Harry and his wife Meghan wrapped up their three-day visit to Nigeria on Sunday, with a visit to Lagos State, Nigeria’s economic capital.

7. Crypto: Binance’s bribery allegation may hinder foreign investments into Nigeria – SBM Intelligence 

The CEO of Binance, Richard Teng, has accused Nigerian government officials of accepting bribes. According to risk consulting firm SBM Intelligence, this could jeopardize the nation's efforts to attract foreign investment.

8. FG, CBN to distribute N100 billion worth of fertilisers

The Central Bank of Nigeria (CBN) contributed N100 billion worth of fertilizers, which the federal government would soon start distributing.

9. EPL: Resilient Arsenal Take Title Fight To Last Day

 A resilient Arsenal moved back to the top of the Premier League with a one-nil win over Manchester United at Old Trafford, to take the title race to the final day.

10. Why Emeka Ani has not featured in any movie for long time 

Emeka Ani, a prolific Nigerian actor recently spoke about why he went off the scene and was not featuring in movies lately, his upcoming projects and lots more. Excerpt:


READ FULL STORIES ON: https://matrixngr.com/2024/05/13/top-10-stories-across-nigerian-newspapers-monday-morning-may-13-2024/

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

1. Dollar-For-Visa: Minister Demands Full Compliance With EFCC’s Directive

* Says it is “Affront on the Country’s Sovereignty Symbolised by the National Currency.”
* It Is Against Section 20(1) Of 2007 Central Bank Of Nigeria Act,
* EFCC Says Some Missions Use N1,900 to Dollar Exchange Rate
* Demands Banks’ Response to Enquiries Within 24 Hours

Foreign Affairs Minister Yusuf Tuggar has issued a memorandum to all foreign missions within the country, instructing them to adhere to the Economic and Financial Crimes Commission's (EFCC) directive to accept payment for visa and consular services in naira rather than dollars. Tuggar has personally engaged with several envoys to provide further clarification on the EFCC's advisory.

2. CCTV Cameras Switched Off Before Abduction of Kogi Students, says Gov. Ododo

Kogi State governor, Usman Ododo, on Saturday expressed confidence that the nine abducted students of Confluence University of Science and Technology, Osara, will be rescued from their abductors.

3. FG to Receive $2.25bn World Bank Loan June 13

The Federal Government is on the brink of securing new loan funding from the World Bank, with the anticipated approval of loans amounting to $2.25 billion on June 13, 2024 for two significant projects.

4. EFCC Alleges Collusion Between Banks and POS Operators to Restrict ATM Cash Access

Banks are alleged to have conspired with Point-of-Sale (POS) operators to restrict the amount of cash available at Automated Teller Machines (ATMs) by the Economic and Financial Crimes Commission (EFCC).

5. Rivers Crisis: Fubara’s Chief Of Staff, Ehie Reveals Real Reason

The Peoples Democratic Party (PDP has claimed that the Governor of Rivers State, Siminalayi Fubara and the party are now in full control of the state on Saturday.

6. Lagos Resumes Demolition Of Illegal Structures In Idumota Market

The unauthorized additions at the Idumota market will continue to be demolished, according to the Lagos State Government.

7. Army Reacts To Soldiers’ Protest Over Detention Facility In Sokoto

The viral audio-visual film of soldiers demonstrating over bad food and overcrowding at the 8 Division Garrison detention facility in Sokoto State has prompted a response from the Nigerian Army.

8. I am proud to be an accountant, says Ooni

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja 11, says he is proud to be an accountant and will continue to hold the profession in high esteem.

9. Avaition: Xejet Aircraft Skids Off Lagos Airport Runway

Very early on Saturday, at the domestic wing of Murtala Mohammed Airport in Lagos State, an aircraft registered to XeJet Airline went off the runway.

10. Nigerian Filmmakers Bypass Board Due To Difficult DVD Process- Shaibu Husseini

Dr. Shaibu Husseini, the Executive Director/CEO of the National Films and Videos Censors Board (NFVCB), identified the difficult process of gaining DVD classification as a major reason why producers avoid the board.

READ FULL STORIES: https://matrixngr.com/2024/05/12/top-10-stories-across-nigerian-newspapers-sunday-morning-may-12-2024/

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

1. Rivers Crisis: Fubara, Jombo Flex Muscles

 * Gov Issues Executive Order, Relocates Assembly Sitting To Govt House
* Police Barricade Rivers Assembly Quarters Amid Demolition Rumour
* Factional Speaker, Jombo Secures Court Order Barring Amaewhule, Others From Parading As Legislators, Flouts Federal High Court’s Ruling
* Prohibits Fubara, Chief Judge From Engaging With Amaewhule, Loyalists

The crisis rocking Rivers State keeps taking different dimensions each day.

2. Globacom Reiterates Support FG’s Drive For Digital Economy

The Executive Vice Chairman of Globacom, Mrs. Bella Disu has reiterated the support of the telecommunication company for the realization of the Federal Government’s digitalization agenda and actualization of the digital economy.

3. FG Set To Make Nigeria Solar Panel, EV Battery Manufacturing Hub- Tinubu Assures Investors

President Bola Tinubu has reiterated the commitment of his administration towards making Nigeria the manufacturing hub of solar panels, electric vehicles batteries, and other lithium products.

4. U.S. Lauds Nigeria’s Monetary Policies, Expresses Readiness to Assist in Economic Stability

The United States government has lauded Nigeria’s monetary policies and hoped they would help businesses thrive, strengthen, and position the nation’s economy for growth.

5. Ondo: Group Seeks Sanction Against Jimoh Ibrahim, Oke For Anti-Party Activities

A group, the Ondo Peoples Assembly, OPA, has called for decisive action to be taken against Senator Jimoh Ibrahim and Olusola Oke by the All-Progressives Congress, APC, for allegedly discrediting the outcome of the primaries of the party held on April 20.

6. Kogi Govt Confirms Nine Students Missing After Gunmen Attack

The Kogi state government has confirmed that nine students of the Confluence University of Science and Technology (CUSTEC) Osara are missing after an attack by gunmen on the institution.

7. At 90th Birthday, Tinubu Confers GCON, Nigeria’s Second Highest National Honour On Awujale

As the Awujale and paramount ruler of Ijebuland, Oba Sikiru Adetona celebrates his 90th year birthday, President Bola Tinubu has conferred the second highest national honour of Grand Commander of Order of Nigeria (GCON) on him.

8. N80.2bn Fraud: Court Refuses To Vacate Arrest Warrant On Yahaya Bello

Justice Emeka Nwite of the Federal High Court, Abuja has refused to vacate an arrest order against former Governor of Kogi State, Yahaya Bello insisting that the ex gov must come to court and answer to the fraud allegations preferred against him by the Economic and Financial Crimes Commission (EFCC) to the tune of N80.2 billion.

9. It’s Official! Mbappe Announces Exit From Paris St-Germain At End Of Season

France striker Kylian Mbappe says he will leave Paris St-Germain at the end of the season.

10.  FIJ Journalist, Daniel Ojukwu Regains Freedom After 10 Days In Detention

Daniel Ojukwu, the detained journalist with the Foundation for Investigative Journalism (FIJ) has regained his freedom after 10 days in detention.

READ FULL STORIES: www.matrixngr.com

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

1.  Rivers Of Crisis: Fubara, Rivers Assembly Trade Tackles

* 'We Have A New Speaker, I Went To See For Myself’ – Fubara
* Clerk Insists Amaewhule Remains Speaker Of Rivers Assembly
* Adangor Bombs Fubara, Says He’s Not Interested In Making Peace With Wike

There appears to be no end in sight to the political crisis rocking the oil rich Rivers State as Governor Siminalayi Fubara and the Rivers State House of Assembly have once again resumed their hostilities, and this time, it is full blown.

2. Cybersecurity Levy: NESG Kicks

* Faults Timing, Says Nigerians Already Battling High Food Prices

The Nigerian Economic Summit Group (NESG) has become the latest high-profile stakeholder to kick against the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN).

3. Hassan-Odukale Out, Olufowose Steps In As First Bank Of Nigeria Chairman

Tunde Hassan-Odukale has stepped down as the Chairman of First Bank of Nigeria Limited paving the way for the appointment of Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited.

4. Tinubu Names Woke, Wike’s Ally MD Ogun-Osun River Basin Development Authority

Engineer Chukwuemeka Woke, a close ally of Minister of Federal Capital Territory (FCT) Nyesom Wike, has been appointed by President Bola Ahmed Tinubu as the Managing Director (MD) of the Ogun-Osun River Basin Development Authority.

5. Emefielegate: CBN Officials Demanded $600,000 Bribe To Process Payment Of Executed Contract-Witness

More shocking details came to light in the ongoing trial of alleged abuse of office and accepting of gratification to the tune of $4.5bn and N2.8bn levelled against former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele.

6. Fresh Crisis Rocks Lagos-Calabar Coastal Highway As Reps Launch Probe Into Procurement Process

The last has not been heard about the controversies surrounding the contentious Lagos-Calabar Coastal Highway project.

7. IMF Praises ‘Tinubunomics’, Commends FG For Tax Policies, Monetary Policies

The financial organization known as the International Monetary Fund (IMF) has praised President Bola Ahmed Tinubu's government for its economic reforms, citing notable advancements in resolving Nigeria's social and economic problems.

8. Alleged ₦2.7bn Fraud: Sirika, Daughter Arraigned, Plead Not Guilty, Get ₦100m Bail

A former Aviation Minister Hadi Sirika has pleaded not guilty to the alleged corrupt practices involving about N2.7 billion brought against him by the Federal Government.

9. Netizens React As Nigerian Buries Himself Alive For 24 Hours

Social media users in Nigeria responded to a viral video featuring Young C, a Nigerian who challenged himself to spend a whole day alive inside a coffin.

10. Haaland, Odegaard, Rice, Palmer, Four Others Make EPL Player Of Season Shortlist

Manchester City striker Erling Haaland could be named Premier League player of the season for a second consecutive year.


READ FULL STORIES ON: www.matrixngr.com

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

1. Cybersecurity Levy: Outrage, Condemnation Persist

* Massive Nationwide Shutdown Looms As Trade Union Congress Blows Hot
* ONSA, A Political Office, Shouldn’t Be Responsible For Handling Accumulated Funds-Reps
* When Did Office Of NSA Become A Revenue Collecting Centre, Obi Bombs FG

More outcry, outrage and condemnation have continued to trail the imposition of a 0.5% cybersecurity levy imposed on all electronic transactions in Nigeria by the Central Bank of Nigeria.

2. Rivers Of Crisis: Two Lawmakers Elect Factional Assembly Speaker

* ALGON Backs Calls For Fubara’s Impeachment, Accuses Him Of Withholding LG’s Funds

Another indication that the fragile peace brokered by President Bola Ahmed Tinubu on the political crisis that is rocking the oil rich state of Rivers State has finally broken down irretrievably like a pack of badly arranged packs of cards has surfaced with the emergence of another Speaker of the Rivers State House of Assembly.

3. CAC Launches Centre For Bulk Registration Of POS Operators

The Corporate Affairs Commission (CAC) has launched a centre for the “bulk registration” of point of sale (POS) operators.

4. N2.7bn Contract Fraud: Former Minister Sirika, Daughter To Be Arraigned By EFCC Today

Following amended charges of an alleged N2.7bn contract Fraud, the Economic and Financial Crimes Commission (EFCC) will arraign Hadi Sirika, a former aviation minister, before the Federal Capital Territory (FCT) High Court today.

5. Lagos Raked In N3.9bn Derivation Fund Since Joining League Of Oil-Producing States- Commissioner

Since becoming a member of the oil-producing states in 2016, the Lagos State Government has disclosed that the sum of N3.911bn has been realised.

6. Crypto War: Nigerian Crypto Stakeholders Demand Binance Reveal Identity Of Bribe Agent
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Stakeholders in Nigerian cryptocurrency have encouraged Binance to identify the alleged bribe agent who wanted money from the exchange in order to resolve their issues with Nigerian authorities.

[b]7. Cybersecurity : NACCIMA Asks CBN To Cap Levy At N500

In an effort to lessen the burden on the private sector, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has requested that the Federal Government and the Central Bank of Nigeria (CBN) set a ceiling of N500 on the highest amount of the recently implemented cybersecurity tax.

8. At Last, Military Completely Withdraws From Okuama Community

Governor Sheriff Oborevwori of Delta State has announced the complete withdrawal of the military from the Okuama community in the state.

9. Joselu Scores Dramatic Late Double To Send R’ Madrid Into Champions League Final

Joselu was Real Madrid's hero as the former Stoke City striker's stunning late double completed a 2-1 comeback win over Bayern Munich to reach the Champions League final via a 4-3 aggregate victory.

10. Davido Ends ‘Timeless’ Era With ‘Kante’ Video Release

It's a new era for popular singer David Adeleke, better known by his stage name Davido.

READ FULL STORIES ON: www.matrixngr.com

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

1. Cybersecurity Levy: Fresh Outrage Erupts

* It’s Another Gang-Up By Ruling Elite To Continue Extortion, Exploitation Of Masses, NLC Fumes
* Says It’s Further Burden On Shoulders Of Hardworking Nigerians
* SERAP Issues Tinubu 48-Hours Ultimatum To Withdraw CBN Directive
* Policy Ill-Timed, Insensitive, Will Exacerbate Financial Woes Of Nigerians -PRP

The recent directive by the Central Bank of Nigeria to financial institutions in the country to commence the deduction of 0.5 percent cybersecurity levy on all electronic transactions from bank’s customers from May 20, 2024 have continued to trigger outrage from different quarters in the country.

2. Rivers Crisis: Tinubu’s Peace Deal Collapses

* APC Asks Assembly To Resume Impeachment Proceedings Against Fubara

 It appears that the fragile peace brokered by President Bola Ahmed Tinubu into the political crisis that is rocking the oil rich state of Rivers State has finally broken down irretrievably like a pack of badly arranged packs of cards.

3. CBN Gives IOCs Approval To Repatriate 50% Of FX Proceeds

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country by approving 50% repatriation of Foreign Exchange proceeds.

4. After Outcry By Atiku, Others, Presidency Says Tinubu Will Return To Nigeria Today

Following widespread outrage by former Vice President, Atiku Abubakar, and other well-meaning Nigerians about the continued absence of President Bola Ahmed Tinubu from the public, the Presidency has revealed that the President and his aides will arrive back in Nigeria on Wednesday (Today) from Europe.

5. CBN orders banks to suspend charges on deposits till September

Until September 30, 2024, banks are unable to charge for cash deposits, according to a directive by the Central Bank of Nigeria.

6. Amid Biting Fuel Scarcity: NNPCL Cautions Nigerians Against Panic buying, Says 1.5b Litres Of Petrol In Stock

As the latest round of fuel scarcity continues to take its toll on Nigerians, the Nigerian National Petroleum Company (NNPC) Limited has warned Nigerians against panic buying, saying it has over 1.5 billion litres of products in stock.

7. CBN Gives PoS Operators Ultimatum To Register With CAC Before July 7

All point-of-sale operators in the nation are required by the Central Bank of Nigeria (CBN) to register their companies with the Corporate Affairs Commission (CAC) within the next two months.

8. Binance Kicks Against Detention Of Executives Says Nigeria Setting Dangerous Precedent

Richard Teng, the Chief Executive Officer (CEO) of leading Crypto exchange platform has raised an alarm that Nigeria is setting a dangerous precedent with the detention of its executives.

9. Wizkid Vs Don Jazzy: Nasboi Receives Death Threats For Supporting Don Jazzy

Popular artist and skit creator Nasboi has disclosed that, as a result of his criticism of Wizkid for disparaging Don Jazzy, he is getting death threats.

10. Dortmund Beat PSG To Reach Champions League’s Final

Borussia Dortmund produced a fine away performance to beat Paris St-Germain and reach their first Champions League final since 2013.

READ FULL STORIES ON: www.matrixngr.com

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.


READ FULL STORIES ON: www.matrixngr.com

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

1. Lagos-Calabar Coastal Highway: Fresh Controversy Emerges

* Seyi Tinubu On Board Of Directors Of Subsidiary Awarded Contract For Highway-Atiku
* Says Expedited Contract Due To Tinubu, Chagoury Business Relationship
* Demolition Of Properties Without Proper Notification, Disservice To FDI Drive

The last has not been heard of the controversies, outrage and condemnation that has trailed the impending construction of the Lagos-Calabar-Coastal Highway. READ MORE https://matrixngr.com/2024/05/06/lagos-calabar-coastal-highway-fresh-controversy-emerges/

2. EFCC Debunks List Of Ex-Govs Under Investigation for Alleged Corruption

* Says List Fabrication Designed To Achieve Motives Known Only To The Authors

The Economic and Financial Crimes Commission (EFCC) has debunked a purported list of ex-governors under investigation for alleged corruption currently in circulation. READ MORE https://matrixngr.com/2024/05/05/efcc-debunks-list-of-ex-govs-under-investigation-for-alleged-corruption/

3. Loans From Banks To Private Sector, Government Dropped by N24trn In March, Says CBN

Loans from banks to the private sector and the government in reduced by N24tr in March 2024, fresh data from the Central Bank of Nigeria (CBN) has shown. READ MORE https://matrixngr.com/2024/05/06/loans-from-banks-to-private-sector-government-dropped-by-n24trn-in-march-says-cbn/

4. Lagos-Calabar Highway: Telcos Raise Concerns As Construction Threatens Undersea Fibre Cable Linking  Europe  

Telecommunication companies are feeling the pressure after Multichoice announced a three-day technical downtime due to construction work on the Lagos-Calabar Coastal Highway. ' READ MORE https://matrixngr.com/2024/05/06/lagos-calabar-highway-telcos-raise-concerns-as-construction-threatens-undersea-fibre-cable-linking-europe/

5. FG, States To Review Sentencing For Suicide Attempts- AGF

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi has disclosed that the Federal Government and the 36 states of the federation and the Federal Capital Territory (FCT) will review the law imposing sentencing for suicide attempts. READ MORE https://matrixngr.com/2024/05/06/fg-states-to-review-sentencing-for-suicide-attempts-agf/

6. Oromoni Family Spits Fire, Accuses Coroner Of Suppressing Evidence To Exonerate Dowen College

The last has not been heard of the tragic death of 12-Year Old Sylvester Oromoni as his family has accused Mikhail Kadiri, the coroner, of suppressing evidence to exonerate Dowen College of complicity in the death of their son. READ MORE https://matrixngr.com/2024/05/06/oromoni-family-spits-fire-accuses-coroner-of-suppressing-evidence-to-exonerate-dowen-college/

7. Shettima Jets Out To Represent Tinubu At High-Level US-Africa Business Summit

Vice President Kashim Shettima has departed Abuja for Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa. READ MORE https://matrixngr.com/2024/05/06/shettima-jets-out-to-represent-tinubu-at-high-level-us-africa-business-summit/

8. Fitch Projects CBN to further increase interest rates in second half of 2024

Fitch Ratings, a global credit rating firm, has predicted that the Central Bank of Nigeria (CBN) will increase interest rates even further in the second half of the year. READ MORE https://matrixngr.com/2024/05/05/fitch-projects-cbn-to-further-increase-interest-rates-in-second-half-of-2024/

9. EPL: Liverpool Dent Spurs Champions League Hopes As Chelsea Rout West Ham

Tottenham's dramatic decline continued as their hopes of reaching the Premier League's top four faded even further after they were well beaten by Liverpool at Anfield. READ MORE https://matrixngr.com/2024/05/06/epl-liverpool-dent-spurs-champions-league-hopes-as-chelsea-rout-west-ham/

10. Why I didn’t ask Simi out despite my love for her – Samklef

Controversial producer-turned-blogger, Samklef, has revealed why he didn’t ask singer Simi out despite being in love with her during their days as struggling artists. READ MORE: https://matrixngr.com/2024/05/06/love-lost-samklef-opens-up-about-simi/

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

1. Press Freedom Day: Calls For Journalists’ Safety, Protection Resound

* SERAP, NGE Call For Review Of Cybercrime Act, Other Repressive Laws
* Say Tinubu, Govs, FCT Minister Must Now Genuinely Uphold Press Freedom
* FG, Govs Highlight Importance Of Press Freedom

As Nigerian Journalists joined their counterparts from the rest of the world to celebrate the 2024 World Press Freedom Day, calls have gone out for the safety and protection of Nigerian journalists.

2. Poor Power Supply: NERC Unbundles TCN

* To Transfer Market, System Operation To Newly-Established NISO

In a move to address the poor power supply challenges facing Nigeria’s electricity sector, the Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) and ordered it to transfer all market and system operation function to the newly established Nigerian Independent System Operator of Nigeria Limited (NISO).

3. IOCs Propose Divestment Of 26 Oil Blocks Of 8.211m Barrels Reserves To Local Coys

International Oil Companies (IOCs) operating in the Nigerian energy ecosystem have proposed the divestment of 26 oil blocs with 8.211 million barrels of oil reserves to indigenous companies, The Matrix has gathered.

4. How Mass Palliatives Purchase By FG Is Fuelling Food Inflation- Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria has identified the mass purchase of foodstuffs by the government as palliatives as one factors fueling the rising food inflation in the country.

5. Amid Outcry, Customs Hikes Import Duties FX Rate To N1,441/$1, Higher Than Official Rate

For the second time in May 2024, the Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for import duties, this time, to N1,441/$1.

6. Yahaya Bello: Court Halts Contempt Charges Against EFCC Boss

Temporary reprieve may have come the way of Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC) as the Court Of Appeal in Abuja has ordered the stay of proceedings in the contempt charge instituted by Yahaya Bello, former Kogi governor, against him.

7. Emefielegate: EFCC Files Additional Evidence As Court Adjourns Trial Till May 9

In a bid to allow the defence team of embattled former Central Bank of Nigeria, CBN, Governor, Godwin Emefiele to study the additional proof of evidence submitted by the Economic and Financial Crimes Commission (EFCC), the Ikeja Special Offences Court, on Friday, adjourned the case until May 9, 2024.

8. Fresh Trouble For Matawalle As Protesters Storm EFCC HQ, Demand His Probe Reopened

Former Zamfara State Governor, Bello Matawalle appears to have ran into fresh trouble as protesters from his state on Friday occupied the entrance to the headquarters of the Economic and Financial Crimes Commission, EFCC.

9. D'banj Drops ‘Since 04’ To Mark 20 Years On Stage, Hails Mo Hits Group

Highly celebrated Nigerian pop star Oladapo D’Banj’ Oyebanji, popularly known as the Koko Master has released a brand new single, “Since ’04,” to celebrate the start of his career 20 years ago.

10. Thomas Tuchel On Man United’s Radar To Replace Erik Ten Hag

Thomas Tuchel is on a list of managers under consideration at Manchester United should the club decide to part company with Erik ten Hag.

READ FULL STORIES ON: www.matrixngr.com

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

1. Fight Against Corruption: Shettima Spits Fire

* Says Tinubu Fulfilling Promise Of Fighting Corruption Without Favoritism
* Reveals How CBN, NSA Interventions In FX Market Have Yielded Desired Results
* Optimistic Nigeria’s Economy Will Experience Significant Growth Soon

Vice-President Kashim Shettima has disclosed that his principal, President Bola Tinubu is hell-bent on fighting corruption without interference or favouritism.

2. Abuja-Kaduna Train Attack: Police Arrest Suspected Masterminds

*  Shehu Sani Calls For Justice To Be Done

In a heartwarming development that will surely breed excitement and relief to travellers, operatives of the Kaduna State Police Command have announced the arrest of the masterminds behind the horrific Abuja-Kaduna train attack of March 2022.

3. FG Moves To Increase Mining Licence Fees To Boost Revenue

In a bid to boost Nigeria’s revenue, the federal government has announced that plans are in the pipeline to review rates of mining licenses and other sundry fees payable by operators in the country.

4. Dele Momodu Blames Tinubu, APC For PDP Woes

A chieftain of the Peoples Democratic Party (PDP), Dele Momodu, has laid all the blame of the crisis rocking the opposition party at the doorsteps of President Bola Ahmed Tinubu and the ruling All Progressives Congress (APC).

5. NLC Insists States Can Pay N615,000 Minimum Wage

The Nigeria Labour Congress (NLC) has insisted that states in the country can pay the proposed N615,000 minimum wage saying it is realistic.

6. Court Adjourns Case Against Binance, Executives To May 17

The Federal High Court sitting in Abuja on Thursday morning adjourned the case against Cryptocurrency exchange platform Binance Holding Company and its two executives to May 17, 2024.

7. Naira Abuse: Cubana Chief Priest  Advises Nigerians To Avoid EFCC

Pascal Okechukwu, also known as Cubana Chief Priest, is a well-known bartender who has advised Nigerians to avoid the Economic and Financial Crimes Commission (EFCC).

8. NGX Fines Three Companies N49.5 Million For Default Filings

Three listed firms were fined N49.500 million by the Nigerian Exchange Limited (NGX) for failing to submit audited financial statements by the statutory deadline.

9. Court Orders Remand Of Swordsman Who Killed 14-Year-Old Daniel Anjorin

A London Magistrates Court has ordered that a Spanish-Brazilian national be remanded on murder and other charges, following a sword attack in the city which killed a 14-year-old boy, Daniel Anjorin.

10. EPL: Chelsea Dent Tottenham Champions League Dream, Win 2-0

Chelsea beat Tottenham Hotspur 2-0 at Stamford Bridge to keep them in the hunt for European football - and deal a massive blow to their London rivals' hopes of qualifying for the Champions League next season.

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

1. New Minimum Wage: NLC  Talks Tough

* Warns There Will Be No Guarantee Of Peace If There Is No New Minimum Wage By End Of May
* Tinubu Assures Workers Living Wage Will Be Announced Soon, Says Days Of Worrying Are Over
* Says Every Initiative Undertaken By His Administration Geared Towards Transforming Nigeria

The quest by Nigerian workers for a new Minimum Wage is assuming a worrisome development as Organised Labour comprising the Nigeria Labour Congress (NLC) has given the Federal Government an ultimatum until May ending to finalise the process of implementing the new national minimum wage for workers.

2. FG Bombs Landmark Beach CEO, Says FG Didn’t Destroy His Facilities

* Umahi Warns Obi To Desist From Inciting Igbos Against FG

Following the reports making the rounds by Landmark Africa, the parent company of Landmark Beach, that what it built in six years was destroyed in six hours, David Umahi, Minister Of Works, has accused Paul Onwuanibe, Chief Executive Officer (CEO) of Landmark Africa Group, of playing politics with the issues arising from the Lagos-Calabar coastal road project.

3. CPPE, Expert Bemoan Volatility Of Customs Duty Exchange Rate, Say It’s Hurting Economy

The Center for Promotion of Private Enterprises (CPPE) and an expert in the maritime industry, Dr Eugene Nweke have bemoaned the volatility and yoyo movement of the Customs duty exchange rates, saying it’s hurting the economy.

4. How Swordman Killed 14-Year-Old Daniel Anjorin On His Way To School In London- UK Police

The UK police has identified a 14-year-old boy killed in a sword attack in London this week as Daniel Anjorin, as officers released more details about how the violent rampage unfolded.

5. $600m Maersk Investment: Presidency Fires Back, Releases Video To Back Claim

In a move to back its claim of securing a $600 million investment commitment from A.P Moller-Maersk, a Danish shipping company, The presidency, on Wednesday, released a video to back its claim.

6. Champions League: Fullkrug Scores As Dortmund Take Slender One-Nil Lead To PSG

Niclas Fullkrug scored a brilliant first half winner as Borussia Dortmund beat Paris St-Germain 1-0 in a frenetic first leg of their Champions League semi-final.

7. Edo Guber: Shaibu Tackles Ighodalo, Urges Electorates Not To Vote Candidate Who Needs Interpreter

Former Deputy Governor of Edo State, Philip Shaibu in apparent jibe at Peoples Democratic Party, PDP, governorship candidate, Asue Ighodalo has urged residents of the state not to vote for a governorship candidate who relies on an interpreter to address the people.

8. At Workers’ Day, Atiku, Obi Hail Nigerian Workers, Demand Better Welfare Packages

As Nigerian workers joined their counterparts from the rest of the world to celebrate 2024’s International Workers’ Day, two high-profiled Nigerians, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar and his counterpart in the Labour Party, Peter Obi, have showered praises on the Nigerian workers as they join their colleagues around the world to mark this year’s workers’ day also known as May Day.

9. Access Holdings Blows Past N30 Trillion In Total Assets In Q1 2024

Access Holdings has remained the biggest banking firm in Nigeria, with assets of N32.6 trillion as of March 31, 2024.

10. FFK’s Estranged Wife, Precious Chikwendu Speaks Over ‘The President Is Coming After Her For Cutting Off A Toxic Manipulator’

The estranged wife of the former aviation minister, Femi Fani-Kayode, Precious Chikwendu, a former beauty queen, has vented on social media.

READ FULL STORIES ON: www.matrixngr.com

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

1. Workers Day Gift: FG Approves Salary Increase For Civil Servants

* Armed Forces, Police Among Beneficiary Of New 25-35% Salary Increase
* Pensioners Receive Between 20-28 Percent Hike On Defined Benefits Scheme
* NLC Rejects Electricity Tariff Increase, Says Nigerians Dying In Droves

As a way of saying thank you to Nigerian workers as they celebrate the annual Workers Day today, the Federal Government has approved an increase of between 25% and 35% in salary for civil servants on the remaining six Consolidated Salary Structures.

2. Sitting Arrangement Saga: ‘No Argument’, Senate Replies Critics

* Says It’s Unscrupulous Attempt To Drag Senate Into Unnecessary, Needless Controversy

The Nigerian Upper Chamber, The Senate has clearly debunked reports of a fight over sitting arrangements at Tuesday’s plenary.

3. MTN Nigeria’s Net FX Losses Hit Staggering N1.39tr

One of Nigeria’s leading telecommunication companies, MTN Nigeria’s foreign exchange loss since 2023 has now hit a whopping N1.396 trillion, the largest on record for any publicly quoted company in the country.

4. Binance Founder Jailed For Four Months In US

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

5. Govs, Deputy Govs War: Agboola Urges NASS To Amend Constitution

Following the repeated rancor between Governors and their Deputy in recent times, the Ondo State Peoples Democratic Party guber candidate in the forthcoming November 16, 2024 Governorship Polls in the state, Agboola Ajayi says the National Assembly should amend the Constitution and spell out the duties of a deputy governor.

6. Abdul Samad Rabiu’s ASR Africa To Build State-Of-The -Art Hostel Block For FUTMinna

In continuation of its mission to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa, The Abdul Samad Rabiu Africa Initiative (ASR Africa) is set to commence the construction of a state-of-the-art hostel block for the Federal University of Technology, Minna.

7. Champions League: Bayern Munich, Real Madrid Settle For Draw

Vinicius Junior scored twice as Real Madrid came away with a draw in the first leg of their Champions League semi-final tie with Bayern Munich.

8. Reprieve For Band A Customers As Reps Order NERC To Suspend Implementation Of New Tariff

Reprieve has come the way of Band A electricity consumers as the House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff accruable to them.

9. ₦200bn Debt Set To Worsen Fuel Scarcity As Oil Marketers Threaten To Cripple Petrol Supply

The N200bn debt owed oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) is set to compound the fuel scarcity currently being experienced by Nigerians as the oil marketers have threatened to cripple supply chain of petroleum products.

10. ‘No Plans’ To Sell TikTok, ByteDance Insists

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States.



READ FULL STORIES ON: www.matrixngr.com

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

1. Fresh Fuel Scarcity: Oil Marketers Blames NNPCL
[/b]Nigerians Groan As Scarcity Bites Harder, Black Marketers Have Field Day
* Our Challenge Is That We Do Not Have Access To The Product-PETROAN 
* Why Latest Fuel Scarcity Will Last For More Than Two Weeks- Oil Marketers
* Blames Slow Pace Of Marketers’ Licence Renewal By NMDPRA For Contributing To Problem

Oil marketers under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have laid the blame of the fresh fuel scarcity on the doorstep of the Nigerian National Petroleum Company (NNPC) Limited.

[b]2. Power Minister Drops Bombshell, Says FG Needs $10bn Annually To Revive Sector

 * Says Sector Must Be Made Attractive To Attract Investors And Investment

The Minister of Power, Mr Adebayo Adelabu has disclosed that for the power sector in Nigeria to be revived, the Federal Government requires $10 billion in annual investment to revive the power sector for the next 10 years.

3. Court Stops MultiChoice From Increasing DSTV, GOTV Tariffs

A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, has barred Satellite TV provider Multichoice Nigeria Limited, owners of DSTV and GOTV from increasing its tariffs and cost of products and services scheduled to begin on May 1.

4. Obaseki Reveals Why He Increased Minimum Wage To N70,000  

Governor Godwin of Edo State has disclosed that he increased the minimum wage in the state to reflect the current economic realities of the country.

5  Nigeria-India Bilateral Trade Hits $20 Billion in Two Years- Envoy

Amb. Bala Manian, India’s High Commissioner to Nigeria, said the bilateral trade between Nigeria and India in two years was about 20 billion dollars.

6. Wizkid Calls Don Jazzy ‘Influencer’ After Ladipoe Mocked Him

Grammy-winning Nigerian singer, Ayodeji Balogun, popularly known as Wizkid, has hit hard at music executive, Don Jazzy calling him an influencer instead his proper title as a music producer.

7. NFF Appoints Finidi George As Head Coach Of Super Eagles

The Board of Nigeria Football Federation on Monday approved the recommendation of its Technical and Development Committee to appoint former ace winger Finidi George as Head Coach of the Senior Men National Football Team, Super Eagles.

8.  JAMB Releases 2024 UTME Results

The Joint Admissions and Matriculation Board, JAMB, has released the 2024 Unified Tertiary Matriculation Examination, UTME results, The Matrix has gathered.

9. Alleged Terrorism Financier, Tukur Mamu Seeks Transfer From DSS Custody To Kuje Prison

Alleged terrorist financier, Tukur Mamu has applied to the Federal High Court in Abuja to seek transfer from the custody of the Department of the State Service (DSS) to Kuje Prison instead.

10. Legal Firework Looms As Emefiele Challenges Court’s Jurisdiction To Try Him For Fraud Case

Nigerians are poised to be treated to a legal battle as the embattled former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, on Monday challenged the jurisdiction of an Ikeja Special Offences Court to hear the alleged abuse of office and multi billion dollars fraud leveled against him.


READ MORE STORIES: www.matrixngr.com

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

1. Nigeria’s Economy: Tinubu, Bill Gates Meet

* Set To Unveil Digital Identification Platform To Ease Tax Collection
* It Will Enable More Bank Accounts, Financial Inclusion, And Effective Govt Payment Programmes
* Tinubu Identifies Technology As Potential Weapon Against Corruption

As Nigeria moves to shore up its tax collection, indications have emerged that the Federal Government of Nigeria and Bill Gates, former Chief Executive Officer (CEO) of technology giant Microsoft are working towards a system that will create room for the easy collection of tax

2. Tinubu’s FDI Drive Yields Fruit As A.P Moller-Maersk Pledges $600m investment For Port Infrastructure Expansion, Says Presidency

* Firm Says We See An Opportunity To Deploy Larger Ships To Nigeria

The Foreign Direct Investment (FDI) drive by President Bola Ahmed Tinubu seems to be yielding the required result.

3. Zenith Bank Shareholders Embrace HoldCo Structure

In a decisive move, shareholders of Zenith Bank Plc have given their unanimous approval to the restructuring of the institution into a holding company format. This significant decision was reached during an Extraordinary General Meeting (EGM) conducted virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024.

4. Collaboration, Inclusiveness Invaluable To Ease Global Challenges-Tinubu

President Bola Tinubu has identified collaboration and inclusiveness as invaluable tools to achieving global food security, addressing collective challenges, and driving innovation across a chain of interests for a more stable and prosperous world.

5. Tension As Gunmen Kill Gov Aiyedatiwa’s Campaign Coordinator Alaba Excel

Tension is brewing in Ondo State as gunmen have killed Alaba Abe better known as Excel one of the coordinators of the Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) in Akoko South-West Local Government Area of Ondo State.

6. Black Sunday! 19 People Roasted In Okene-Lokoja Highway Auto Crash-FRSC

It was a black Sunday as nineteen people were burnt to death in an auto crash along the Okene-Lokoja highway in Kogi State.

7. FG Calls For Active Participation Of Professionals, Investors To Boost Agricultural Sector

 The Federal Government of Nigeria has called for the active participation and engagement of individuals, professionals and investors in a bid to ensure that the agricultural sector flourishes.

8. LG Polls: PDP Sweeps Oyo As APC Wins All Seats In Gombe

The Oyo State Independent Electoral Commission (OYSIEC) has announced that the Peoples Democratic Party (PDP) won all chairmanship seats in the 33 LGAs in the council polls held on Saturday.

9. FCCPC Reveals Why Multichoice Hike Price  

The Federal Competition and Consumer Protection Commission (FCCPC) Acting Executive Vice Chairman Dr. Adamu Abdullahi revealed that Multichoice had sent a four-page letter outlining the rationale for the pricing increases for its cable services, DStv and GOtv. According to Abdullahi, the company mentioned the cost of electricity, the operation of generators, and limited access to dollars as some of the reasons for the price hike.

10. Arsenal Survive Tottenham Scare To Win North London Derby

Arsenal held on for a pulsating 3-2 win over arch rivals Tottenham in the north London derby to keep their grip on top spot in the Premier League on Sunday.

READ FULL STORIES ON: www.matrixngr.com

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

1. Naira Weakening: EFCC Resumes Clampdown on Unlicensed BDC
* BDC operators warn against naira speculation, hoarding
* To Introduce a unified retail-end forex market.
* It Supports All Measures Adopted CBN to Deal with Saboteurs

In the face of weakening  naira, EFCC resumed clampdown on unlicensed BDC  Economic Financial Crimes Commission on Friday arrested 34 suspected currency speculators over alleged foreign exchange fraud.

2. Why We Turned Over Fees of Yahaya Bello’s Children-AIS 

The American International School Abuja has clarified the circumstances surrounding the turnover of advanced tuition reportedly paid by a former Kogi Governor, Yahaya Bello, for the education of five of his children to the Economic and Financial Crimes Commission (EFCC). While the school did not directly mention Yahaya Bello in its statement, it aligns with The Nation's earlier report that the institution refunded $760,910.84 out of the $845,852 fees allegedly deposited by Bello.

3. Four Dead, 70 Vehicles Burnt in Fuel Tanker Explosion in Rivers- Police

The police command in Rivers says four people and over 70 vehicles were burnt in Friday’s fuel tanker explosion in the state.

4. Stakeholders Seek Review of NJC’s Role in Supreme Court appointments

Stakeholders have called for a review of the role of the National Judicial Council in making appointments into the Superior Courts of record.

5. Court Stops Kano APC Ward Executives from Sacking Ganduje

In a recent development, the Kano Federal High Court, under the leadership of Justice A. M Liman, has taken a significant stance regarding the purported suspension of Abdullahi Ganduje, the national chairman of the All Progressives Congress (APC), by the acclaimed executive members of the APC Ganduje Ward.

6. Nigerian Navy Recruited 1,486 Personnel to Tackle Oil Theft, Piracy in Niger Delta- Minister
[/b]Minister of State for Defence, Bello Matawalle, says the Nigerian Navy has recruited 1,486 personnel to boost the manpower needed for effective internal security operations in the Niger Delta.


[b]7. Ondo 2024: Segun Oyebolu Emerges SDP candidate

Segun Oyebolu has won the Social Democratic Party (SDP) ticket for the November 16 Ondo State governorship election.

8. FCT SWAN members to re-elect chairman, treasurer May 10
[/b]The Electoral Committee of the 2024 FCT SWAN elections has fixed May 10 for the concluding part of the elections.

[b]9. FG begins demolition of Landmark Beach for Lagos-Calabar highway project
[/b]The Minister of Works, Dave Umahi, on Saturday in Lagos, flagged off the demolition of a section of the Landmark Beach, the Mami Chula Beach Lifestyle, to give way to the Lagos-Calabar Coastal Highway.


[b]READ FULL STORIES ON: www.matrixgnr.com

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

1. Yahaya Bello N80b Saga: EFCC Boss Lands In Trouble

* Olukoyede To Face Contempt Charges For Carrying Out Some Acts Upon Which EFCC Have Been Restrained
* Bello Media Office Tells EFCC To Allow Court Decide Bello’s Fate
* Says Ex-Gov Did Not Pay Fees Of His Children With Monies From State's Coffers

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede appears to have landed in big trouble for allegedly disobeying a Kogi State High Court sitting in Lokoja regarding Yahaya Bello.

2. Tinubu Takes Renewed Hope Agenda To World Economic Forum In Riyadh

* President To Engage 1,000 Leaders From 90 Countries In High-Level Meetings

President Bola Tinubu arrived in Riyadh, the Saudi Arabian capital, on Friday with his Renewed Hope Agenda to participate in the 2024 Special World Economic Forum.

3. Tinubu Appoints Jim Ovia As Chairman Education Loan Fund Board

President Bola Tinubu has appointed renowned banker and businessman, Mr. Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).

4. Tinubu Makes Fresh Appointments At NESREA, NDRBDA

President Bola Tinubu has made fresh appointments by announcing Dr. Innocent Barikor as the Director-General of the National Environmental Standards and Regulation Enforcement Agency (NESREA).

5. DNA: Mohbad’s Father Posts Court Order On Daughter-In-Law's Residence

Joseph Aloba, the father of late singer, Ilerioluwa Oladimeji Aloba, popularly known as Mohbad, has disclosed that he has served the notice of the pending DNA test application on his son’s wife, Wunmi, by substituted means by pasting it on the gate of her residence.

6. Why Announcement Of New Minimum Wage May Not Be Feasible On May 1-TUC

The Trade Union Congress of Nigeria (TUC),  has expressed pessimism over the possibility of the announcement of a new minimum wage on Workers Day on May 1, 2024, saying it may not be realistic.

7. Death Toll In Kano Collapsed Building Hits 3, Two Injured, Says NEMA

The death toll in the collapse of a three-storey building at Kuntau quarters in Gwale LGA of Kano has risen to three, the National Emergency Management Agency (NEMA) has confirmed.

8. I Take Tough Decisions Because Of My Confidence In Nigerians- Tinubu

President Bola Tinubu has disclosed that he is able to take tough decisions on behalf of Nigerians because of the confidence he has in them.

9. After One Season, Leicester Regains Promotion To Premier League

Leicester City were promoted to the Premier League on Friday after rivals Leeds United crashed to a shock 4-0 defeat at Queens Park Rangers.

10. Okorocha’s Son-In-Law, Uche Nwosu Woos Ihedioha, Other Ex-Imo PDP Chiefs To Join APC

Uche Nwosu, the son-in-law of former Imo State Governor, Rochas Okorocha has wooed an ex-governor of the state, Chief Emeka Ihedioha, and other chieftains of the Peoples Democratic Party (PDP) to join the All-Progressives Congress, APC.

READ FULL STORIES: www.matrixngr.com

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

1.  Dana Air Suspension Saga: Keyamo Spits Fire, Tackles Critics

* To Carry Out Audit Of All Airlines To Ensure Passengers’ Safety
* Says Those Aviation Experts Should Take Their Wives, Children To Board An Airline That Was Declared Unsafe
* Respect NCAA’s Regulatory Autonomy, Aviation Group Fires Keyamo

Following the near tragic experience of the Dana Air planes that skidded off the runway at Lagos airport, the Minister of Aviation and Aerospace Development, Festus Keyamo has declared that a comprehensive audit of all local airlines operating in the country will be carried out.

2. How Agboola Defeated Others To Clinch Ondo PDP Guber Ticket

* Two Ex Deputy Governors Of Akeredolu Will Square Up In Guber Poll

Though recently departed after a protracted battle with cancer, the impact and gigantic political footprints of Late Arakunrin Rotimi Akeredolu will reverberate in Ondo State when the state’s electorates go to the poll on November 16, 2024 to elect a new governor for the state.

3. After 11 Years, Glo, MTN, Others Demand Tariff Increment

After 11 years of last price adjustment, telecommunication operators known as telcos in Nigeria have said that their services are overdue for price increments.

4. Fuel Scarcity: NNPCL Warns Nigerians Against Panic Buying, Says No Plans To Change Prices

The Nigerian National Petroleum Company (NNPC) Limited has warned Nigerians against panic buying of Premium Motor Spirit (PMS) popularly called petrol while assuring that the prices of petroleum products are not changing.

5. Partnership Must be Transformative; Must Translate into Real Gains For Our Citizens, Tinubu Tells Dutch Industry

President Bola Tinubu has disclosed that bilateral partnerships must be mutually beneficial, transformative, and must translate into real gains for ordinary citizens.

6. Tragedy Averted As Air Peace Plane Makes Emergency Landing At Lagos Airport

A tragedy of monumental proportions was averted on Thursday after An Air Peace plane coming from Port Harcourt made an emergency landing at the Murtala Muhammed Airport, Lagos, after the pilots noticed a fire warning indicator in the cockpit.

7. FCCPC To Review Latest Hike Of DStv, GOtv Packages Prices

The Federal Competition and Consumer Protection Commission (FCCPC) has vowed to review the recent price increases in MultiChoice cable subscriptions to ensure subscribers in Nigeria get value for their money.

8. How Storm Aided 119 Inmates To Escape From Suleja Prison

After a rainstorm damaged a portion of the Medium Security Custodial Centre, Suleja, in Niger State late on Wednesday, one hundred and nineteen prisoners managed to escape.

9. Your Legacy Will Never End’ – Illbliss Remembers Late Indigenous Rapper, Dagrin

Nigerian rapper Illbliss has remembered his late colleague, Oladapo Olaonipekun, popularly called Dagrin.
The fast-rising indigenous rapper died in a fatal auto crash on April 22, 2010.

10. EPL:  Man City Keep Pressure On Arsenal, Thrash Brighton Four-Nil To Go Second

Manchester City moved smoothly to within one point of Premier League leaders Arsenal with a game in hand after a routine victory over Brighton at the Amex Stadium.


READ FULL STORIES ON: www.matrixngr.com

The absence of Justice Chukwujekwu Aneke who was said to be on another official assignment stalled the trial of Ayodele Fayose, a former governor of Ekiti, over an alleged N6.9 billion fraud.

The trial which was supposed to come up at the federal high court, Lagos on Thursday could not be held due to the justice’s absence.

Consequently, the case has been adjourned until July 1 for the continuation of trial.

Read Also: https://matrixngr.com/2023/10/27/n6-9bn-fraud-trial-of-fayose-resumes-as-efcc-recounts-how-obanikoro-gave-fmr-ekiti-gov-n1-2bn/

The Matrix reports that Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged N6.9 billion fraud and money laundering.

He was first arraigned on October 22, 2018 before Mojisola Olatoregun, a judge, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering.

He had pleaded not guilty to the charges and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.

Read Also: https://matrixngr.com/2023/10/28/electricity-act-ngf-chairman-suggests-states-need-support-to-leverage-opportunities/

The defendant was re-arraigned before Aneke on July 2, 2019, after the case was withdrawn from Olatoregun, following the EFCC’s petition.

Fayose entered a ‘not guilty’ plea to the charges and was permitted to remain on the previously set bond amount.

The commission is still calling witnesses.

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

1. Rivers Of Crisis: Tinubu’s Peace Deal Collapses

* More Pro-Wike Loyalists Resign From Fubara’s Administration After Redeployment
* Adangor Accuses Fubara Of Interfering In His Duties As Attorney General
* It Is Impossible For Me To Give My Best In An Atmosphere Of Rancour- Kamalu
* Those Resigning have refused to shape up to the peace deal- Fubara Fires Back

The peace deal brokered by President Bola Tinubu to address the political upheaval in Rivers State which was caused by the rift between Governor Siminalayi Fubara and his estranged political god-father, the Minister of the Federal Capital Territory (FCT) Nyesom Wike appears to have collapsed.

2. Nigeria Revokes 924 Dormant Mining Titles, Seeks New Investors

* Alake Gives Owners Of Revoked Licences 30 Days To Redeem Them By Paying Fines

The Federal Government of Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a "first come, first served" basis.

3. Several Binance-like Platforms Still Operating, Causing Naira to Depreciate, BDCs tell FG

The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, says BDC operators are committed to preventing speculators from attacking the naira.

4. Ondo Guber: Mimiko To Run Under ZLP, Vows To Focus On Education, Health, Economy

Abass Mimiko, the younger brother of the former Governor of Ondo State, Dr. Olusegun Mimiko, has emerged as the gubernatorial candidate of the Zenith Labour Party, ZLP.

5. Kaduna Assembly Begins Probe Of El-Rufai’s Eight-Year Rule

The Kaduna State House Of Assembly Ad Hoc Committee set up to investigate ex-governor Nasir el-Rufai’s eight-year administration has set Thursday, April 25, 2024 as deadline for the submission of memorandum and documents to the committee.

6. Airplane Excursion: Keyamo Orders NCAA To Suspend Dana Air Pending Audit

The Minister of Aviation, Festus Keyamo, has directed that the Nigerian Civil Aviation Authority (NCAA) to suspend Dana Air, a day after one of the airline’s planes skidded off the Murtala Muhammed Airport, Lagos runway.

7. Obi Speaks On LP Party Dispute, Says It Is Nothing Compared To Dispute In PDP, APC

Peter Obi, the presidential candidate of the Labour Party in the general election of 2023, asserts that the ongoing conflict inside the party is insignificant in comparison to the ongoing disputes between the ruling All Progressives Congress (APC) and the Peoples Democratic Party (PDP).

8. FG Launches Consumer Credit Scheme

The first phase of Nigeria's Consumer Credit Scheme, a program intended to provide credit facilities to the nation's working inhabitants, has been authorized by President Bola Tinubu.

9.  Uri Ngozichukwuka Passionate About Women With Disabilities

A graduate of the University of Business Administration, Uri Ngozichukwuka has worked in radio and banking. She currently provides advice on mining, education, and other topics to state governments. In honor of International Women's Day, she organized a medical outreach at the Teslim Balogun Stadium in Surulere, Lagos, in March through her non-governmental organization, NGO.

10. EPL: Everton Dent Liverpool’s Title Hope As Man Utd Survive Sheffield Utd Scare

Everton moved closer to Premier League survival and put a huge dent in Liverpool's Premier League title challenge with an outstanding win at a thunderous Goodison Park.


READ FULL STORIES ON: www.matrixngr.com

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

1. N80.2bn Fraud: Fresh Messy Details Emerge

* EFCC Reveals How Bello Moved $720,000 From State Coffers To Pay Child’s School Fees
* Stop Harassing Me, Respect Rule Of Law, Bello Tells EFCC From Hiding
* Olukayode Vows To Resign If Bello Is Not Prosecuted
* If Bello Has A Case To Answer, It Should Be Done Within Rule Of Law- Kogi Assembly

In a shocking expose, fresh messy details have emerged in the ongoing alleged N80bn fraud levelled against ex Kogi State governor, Yahaya Bello.

2. How Emefiele Printed N684.5m New Notes With N18.9bn- EFCC

* Anti-graft Agency To Arraign Ex-CBN Gov On Gresh Charges

There appears to be no reprieve for the embattled former governor of the Central Bank of Nigeria (CBN) as the Economic and Financial Crimes Commission (EFCC) is set to arraign him on fresh charges.

3. Nigeria Launches New Fiscal Incentives To Attract $10b Investment In Oil & Gas Sector

In a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, Minister of Finance and Coordinating Minister of the Economy, today presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector.

4. Tinubu’s Policies, Programmes A Commitment To Uplift Nigerians Out Of Poverty –Shettima

Vice President Kashim Shettima has disclosed that the policies and programmes of the administration of President Bola Tinubu are testament of his commitment towards improving the quality of life of the average Nigerian and uplifting them from poverty.

5. Jimoh Ibrahim Breaks Silence, Calls For Cancellation Of Ondo APC Primary

Few days after the Ondo State All-Progressives Congress (APC) conducted its primary exercise to select the party’s guber candidate for the November 16, 2024 Governorship election in the state, two of the aspirants, Senator Jimoh Ibrahim and Folakemi Omogoroye have denounced the alleged irregularities recorded during the exercise.

6. EFCC Grills Ex-Aviation Minister, Sirika Over N8bn Nigeria Air Fraud

The Economic and Financial Crimes Commission, EFCC is currently interrogating Hadi Sirika, Minister of Aviation under former President Muhammadu Buhari’s administration over an ongoing N8 billion money laundering probe of the botched Nigeria Air.

7. 2023 Election: Okupe Drops Bombshell, Says Labour Party Only Special Purpose Vehicle For Obi

In a shocking expose, Doyin Okupe, a former member of the Labour Party and close associate of Peter Obi the party’s Presidential candidate in the 2023 General Election on Tuesday revealed that the party was merely a “special purpose vehicle” for their political ambitions.

8. CBN To Sell $10,000 To Eligible BDCs At N1,021/$1

The Central Bank of Nigeria has announced the resumption of sales of dollars to Bureau De Change operators (BDCs).

9. Five-Star Arsenal Thump Chelsea To Go Three Points Clear At EPL Summit

Arsenal moved three points clear at the top of the Premier League and made a potentially significant improvement to their goal difference with a crushing victory over Chelsea at Emirates Stadium.

10. Sexual Assault: Baba Ijesha Appeals High Court Conviction

Olanrewaju James, also known as Baba Ijesha, is a troubled Nollywood actor who has petitioned the Court of Appeal, Lagos Division, to overturn the Lagos State High Court's conviction of him for sexually abusing a fourteen-year-old girl.


READ FULL STORIES ON: www.matrixngr.com

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

1. Creation Of State Police: IGP, Jonathan, Arase, Others At Loggerheads

* Egbetokun Under Fire For Saying Nigeria Not Mature For State Police
* Reps Say Nigeria Needs New Suitable Police Plans
* Tinubu Calls For Scrutiny Of State Policing From Multiple Perspectives

The creation of state police has pitted the Inspector General of Police (IGP), Kayode Egbetokun against former President Goodluck Ebele Jonathan and other proponents of state policing.

2. Tinubu Reiterates Strengthening Of Regional Force To Tackle Terrorism

* Ribadu Lists Factors Fuelling Terrorism In Africa  

In a move to combat both existing and emerging terrorism threats, President Bola Tinubu has called for the strengthening of regional standby force, to serve as a rapid deployment tool in combating both existing and emerging threats, while also serving as a deterrence to large-scale weapon smuggling.

3. FG Directs Sale of Four Discos, to Unbundle 11  

Federal government recently announced a major overhaul of the power distribution sector, aiming to restructure it along state lines.

4. FG Shuts Chinese Supermarket Over Discrimination Against Nigerians, Owners Flee

The Federal Government of Nigeria through its Federal Competition and Consumer and Protection Commission (FCCPC), on Monday, sealed up an Abuja-based Chinese supermarket located at the China General Chamber of Commerce over allegations of discrimination against Nigerians.

5. Edo Guber: INEC Releases Final List Of Candidates, Campaign Open Wednesday

Ahead of the forthcoming Edo State governorship election scheduled for September 21, 2024, the Independent National Electoral Commission, INEC, has released the list of candidates for the forthcoming Edo State Governorship Election.

6. Yahaya Bello: EFCC Breaks Silence on Court Order

The Economic and Financial Crimes Commission (EFCC) has refuted allegations of disobeying a court order regarding former Kogi State Governor, Yahaya Bello. Amidst debates surrounding the EFCC's adherence to a court directive regarding Bello's failed apprehension, the anti-graft agency responded through a press release signed by Wilson Uwujaren, its acting Director of Public Affairs.

7. N8.5bn fraud: Reprieve As Court Discharges, Acquits Ex-NIMASA DG, Akpobolokemi

Reprieve has finally come the way of Patrick Akpobolokemi, former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) as a federal high court in Lagos has discharged and acquitted him of fraud charges.

8. Fresh Crisis Brews In Rivers As Amaewhule-led Assembly Overrides Fubara, Passes LG Bill Into Law

The relative peace enjoyed in the oil-rich state of Rivers appeared threatened as the Martins Amaewhule-led Rivers State House of Assembly has passed the Rivers State Local Government Bill into Law, overriding Governor Siminalayi Fubara’s veto.

9. Bobrisky Appeals Conviction, Says Sentence Imposed By Trial Court Punitive

Controversial cross-dresser and socialite, Idris Olanrewaju Okuneye, popularly known as Bobrisky, has appealed the sentence handed to him following his conviction on a four-count charge of Naira abuse.

10. How I became Super: Eagles coach after Oliseh’s departure – Siasia

Former Nigerian footballer and coach, Samson Siasia, has opened up about his experience as the head coach of the Super Eagles, taking over after the abrupt departure of Sunday Oliseh in 2016.

READ FULL STORIES ON: www.matrixngr.com

The Federal Government of Nigeria through its Federal Competition and Consumer and Protection Commission (FCCPC), on Monday, sealed up an Abuja-based Chinese supermarket located at the China General Chamber of Commerce over allegations of discrimination against Nigerians.

The FCCPC officials shut the supermarket after the owners of the supermarket fled the premises on Monday.

The workers at the facility disclosed that the owner of the supermarket, a Chinese lady, Cindy Liu Bei, fled on Monday morning at 8:26am with her family as confirmed on the Closed-Circuit Television (CCTV) camera.

Subsequently, the commission’s officials sealed up the place after interrogating Nigerian workers at the supermarket.

The Matrix reports that outrage trailed a discriminatory policy implemented by the Chinese Supermarket which restricted entry exclusively to its citizens and barred Nigerians from shopping at the supermarket.

Confirming the allegation, the facility manager of the complex, Shaibu Sanusi said that only Nigerians within can access the supermarket.

After Clinching APC's Guber Ticket, Aiyedatiwa Woos Opponents, Says Now Is Not Time To Hold Grudges


Shortly after clinching the gubernatorial ticket of the All-Progressives Congress (APC) FOR THE November 16, Guber Polls in Ondo State, the state’s governor, Lucky Aiyedatiwa has extended the olive branch to his opponents at the polls.

Aiyedatiwa in his acceptance speech on Sunday after defeating 15 other governorship opponents to become the candidate of the APC in Ondo said all the aspirants in the state will all gain — but at different times and that this is not the time to hold grudges.

The Matrix[b][/b] reports that Aiyedatiwa was declared the winner of the polls by the Chairman of the Governorship Primary Election Committee and Governor of Kogi State, Usman Ahmed Ododo, in the early hours of Monday, who also noted that the electoral process went “smoothly” with little skirmishes recorded.

Aiyedatiwa amassed a total of 48,569 votes in the primaries while fellow contender, Mayowa Akinfolarin, polled 15,343 votes, with Olusola Oke coming in third position with 14,865 votes, Senator Jimoh Ibrahim polled 9,456 while the former Commissioner for Finance Wale Akinterinwa polled 1,952 votes.

The gubernatorial candidate, who was deputy to the late Rotimi Akeredolu, took over the reins of the state after the latter’s demise.

The governor said a contest like the primary exercise comes with “discordant tunes”.

“Let me at this time acknowledge and thank all the aspirants who threw their hats into the ring in the family contest to be the flag-bearer: Hon. Mayowa Akinfolarin, Chief Olusola Oke, SAN, Sen. Jimoh Ibrahim, Mr. Wale Akinterinwa, Hon. Isaac D. Kekemeke, Hon. Gbenga Edema, Mr. Ohunyeye Olamide Felix, Hon. Olujimi Odimayo, Mr. Olusoji Ehinlanwo, Morayo Lebi Esq, Prince Diran Iyantan, Prof. Francis Faduyile, Engr. Ifeoluwa Oyedele, Mrs. Funmilayo Waheed Adekojo and Engr. Funke Omogoroye,” he said.

“Your participation has created so much awareness within and outside our party. You mobilized our members and removed apathy.

“You have also brought in numerous new members into the party. All of these have enriched our democracy and strengthened our party in the state.

“Democracy sometimes, after a contest like this, comes with discordant tunes. But this is not the time to hold grudges against anyone but for all of us to come together to work for the success of our great party so as to remain in power.

“We will all gain in this party, though at different times, if we keep faith. I salute your courage and keen interest to lead the State towards development. It is your right and you are qualified and worthy members of our party.

“I want to specially thank the President and Leader of our party, His Excellency, Asiwaju Bola Ahmed Tinubu, GCFR, for his leadership.”

Aiyedatiwa encouraged everyone to work together to build Ondo.

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

1. Ondo APC Primary: How Aiyedatiwa Won It

* Polls 48,569 Votes To Defeat Akinfolarin, Oke, Akinterinwa, Others
* Violence, Protests Mar Election As Other Aspirants Call For Cancellation Of Exercise, Threaten Lawsuit
* Several Aspirants Alleged That No Election Took Place In Most Parts Of The State

Amid protests, violence, the governor of Ondo State Lucky Aiyedatiwa has been declared the winner of the governorship primary of the ruling All Progressives Congress in the state, held on Saturday and has emerged as the party’s flagbearer in the November 16, 2024 guber election in the state.

2. Nigeria Poised For $2.2 Billion Fresh Loan From World Bank, Budgetary Support From AfDB-Edun

* Lists Diaspora Remittances, FPIs As Sources Of Recent International Funding To Nigerian Economy

The Federal Government of Nigeria is poised to receive around $2.2 billion fresh loan from the World Bank at a low interest rate of about 1%.

3. FBN Holding Appoints Olusegun Alebiosu as Acting MD/CEO

First Bank of Nigeria Limited (FirstBank) has announced the appointment of Mr. Olusegun Alebiosu as the Acting Chief Executive Officer, following the resignation of Dr. Adesola Adeduntan.

This appointment is in accordance with the guidelines outlined in The Exchange's Rulebook (Issuers’ Rules), and has been officially communicated to both the Nigerian Exchange Limited and the investing public.

4. Insecurity: Tinubu To Declare African Counter-Terrorism Summit Open In Abuja Today

In a bid to enhance multilateral counter-terrorism cooperation and reshape the international community’s collective response to terrorism in Africa, President Bola Tinubu will today declare open the African Counter-terrorism Summit in Abuja, the Presidency has disclosed.

5. SERAP Charges Wike, 36 Govs To Publish Details Of Trillions Of FAAC Allocations

The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to publish details of the spending of trillions of FAAC allocations received by the states and the FCT since 1999.

6.  Kenyan Police Arrest  Binance Executive Who Fled Nigeria

The Kenya Police Service has detained Nadeem Anjarwalla, a Binance executive attempting to flee, as Interpol moves to transfer him to Nigeria within the coming week.

7. Airlines Avoiding Nigeria’s Airspace Due to Communication Difficulties With Air Traffic Controllers-NAMA

The NEMA Managing Director, Farouk Umar, told journalists at Ikeja that the agency was consequently eyeing more investments to rejuvenate the communication systems to match emerging air traffic trends.

8. CBN Warns Of Up And Down Movement In FX Rate In Quest For Stable Rate

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has warned about an up and down movement in the rate of the foreign exchange while assuring that the apex says it is doing everything possible to achieve a stable FX rate.

9. El-Clasico: Bellingham Scores Late Winner As R’ Madrid Defeat Furious Barcelona

Jude Bellingham scored a late winner as Real Madrid beat Barcelona to move 11 points clear at the top of La Liga after an enthralling El Clasico.

10. Some Nollywood actors have evil intentions-Anyanwu 

A few weeks ago, Nollywood actress and filmmaker Crowncy Anyanwu gave birth to her first child in the UK. The Imo State-born actress discusses her professional path, motherhood experience, and the practice of diabolism in the Nigerian film business in this interview with Sunday Sun.

READ FULL STORIES ON: www.matrixngr.com

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

1. Ondo APC  Guber Primary:  Aiyedatiwa Coasts Home To Victory

* Protests rock the Election
* The Exercise is Charade, and Election should be cancelled- Olushola Oke
* Edema Decries Delays in Distribution of Materials
* Gov Ododo Confirms Credibility of the Exercise

Governor of Ondo State, Hon. Lucky Aiyedatiwa, could be named the victor of the Saturday gubernatorial primary polls, barring any unexpected changes.

2. Chess Master Tunde Onakoya Sets New GWR

A renowned Nigerian chess master Tunde Onakoya has surpassed the previous 56-hour chess marathon record and is now aiming for a 60-hour milestone.

3. JP Morgan CEO Calls Bitcoin A Ponzi Scheme

JP Morgan Chase CEO Jamie Dimon has called Bitcoin a Ponzi scheme. JP Morgan Chase is a multinational financial conglomerate.

4. Why We Charge N42m as Primary School Fees-Lagos School

In response to the public outcry over the reported N42 million annual school fees for primary school students at Charterhouse, a newly established private British school in Lagos, the management has issued a statement.

5. VP Shettima Slams Nigerians For Laughing At Naira's Crisis

The vice president of Nigeria, Kashim Shettima, has given assurances that the naira will continue to appreciate in value relative to the US dollar.

6. APC Stakeholders Battle In Edo

At a gathering of All Progressives Congress (APC) stakeholders on Saturday in Edo State's Ikpoba-Okha Local Government Area, violence broke out.

7. Junior Pope: Adanma Luke To Face AGN Wrath

The Actors Guild of Nigeria President, Emeka Rollas, has announced plans to sue Adanma Luke, the producer of Nollywood movies, over the circumstances surrounding the death of popular actor John Paul Odonwodo, better known as Junior Pope, and four other crew members.

8. The Battle For Super Eagles Gaffer Role

Three applicants are purportedly on the Nigeria Football Federation's (NFF) short list for the Super Eagles coaching position.

9. Plateau Killing:  Varsity Shut Down  For 10 Days

For ten days, all academic activities at Plateau State University, Bokkos, have been suspended by the university's administration.

10. Why I’m Not Fighting With My Successor like other ex-governors – Umahi

Former Ebonyi State governor, David Umahi, expressed his satisfaction with the continued respect shown to him by his successor, Francis Nwifuru, during an event where he was awarded an honorary doctorate degree by Ebonyi State University in Abakaliki.

READ MORE STORIES ON: www.matrixngr.com

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

1. Insecurity: Outrage Trails Fresh Plateau Killings

* Plateau Varsity Students, Residents Protest Killing Of Colleague, Authorities Declare 2-Day Mourning Period
* People Are Killed While Sleeping, Security Agencies Must Rise Up To Occasion- Plateau Government
* Insecurity Has Made Nigeria A Laughing Stock Globally, TY Danjuma Laments

The recent killings of no fewer than 18 people in the Mangu Local Government Area of Plateau State has drawn outrage from Nigerians. READ MORE

2. Tinubu Rings Changes At SEC, NAICOM

* Appoints New DG, Commissioner For Insurance, Chairpersons, Boards For Both Agencies

President Bola Ahmed Tinubu, made sweeping changes into two critical agencies, the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). READ MORE

3. CBN Spends $581m On Foreign Exchange Interventions – FMDQ

The governor of the Central Bank of Nigeria (CBN),Dr Oluyemi Cardoso has said  that the apex bank is not draining the country 's foreign reserve to shore up the value of naira. READ MORE

4. Amid Fresh NUPRC $45.6m Capital Injection, Nigeria’s Sovereign Wealth Fund Hits N2.258tr

Nigeria’s sovereign wealth fund has increased by 119 per cent in 2023 to N2.258trn from N1.032trn recorded in 2022. READ MORE

5. Rivers' IGR Increased By Over 100%, Says Fubara

The Internally Generated Revenue (IGR) of Rivers State has increased by over 100%, the state’s governor, Sir Siminalayi Fubara, has announced. READ MORE

6. Football Association Says 'All Parties Accepted' To Scrap FA Cup Replay

The Football Association has defended its decision to scrap FA Cup replays from 2024-25 and insists "all parties accepted" they could not continue. READ MORE

7. Junior Pope’s Death: Veteran Actress Uche Ogbodo Defends Adanma Luke

Following the outrage that trailed the death of Junior Pope and three others recently on the set of Adanma Luke, Nollywood actress Uche Ogbodo has said, contrary to popular opinion, that Adanma Luke is not “careless.” READ MORE

8. NOUN Denies Reports of Including Its Graduates in NYSC Scheme


The National Open University of Nigeria (NOUN) has refuted the purported news reports claiming that President Bola Ahmed Tinubu directed the admission of NOUN graduates into the Nigeria Law School and their enlistment for the National Youth Service Corps (NYSC). READ MORE

9. FAAC Shares N1.123trn March 2024 Revenue to FG, States, LGs

The Federation Account Allocation Committee (FAAC) has distributed a sum of N1.123 trillion to the federal, state, and local governments for March 2024. READ MORE

10. More Troubles For Fleeing Binance Executive Anjarwalla As FIRS Moves To File Tax Evasion Charges

Fleeing top executive of Binance Holdings Limited, Nadeem Anjarwalla look set for more troubles as the Federal High Court in Abuja, has fixed May 17th to rule on an application by the Federal Inland Revenue Service (FIRS), seeking to serve by substituted means the charge against him. READ MORE

READ MORE STORIES: www.matrixngr.com

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

1. Yahaya Bello’s N80.2bn Fraud Saga

* Tinubu’s Aide Asks Ex Kogi Gov To Surrender, Get  A Good Lawyer
* EFCC Declares Ex Gov Wanted, Mulls Using Military To Fish Him Out From Hiding
* Bello Speaks From Hiding, Says Case Against Him Political Witch-Hunt
* FG Flays Ododo For Assisting Bello To Evade Arrest

The drama surrounding the former Kogi State governor, Yahaya Bello in the alleged N80.2bn fraud case has assumed another worrisome dimension.

2. PDP Fires FG, Seeks Review Of Electricity Tariff Hike, Other Economic Reforms

* Presidency Kicks, Insists Government’s Reforms Are Yielding Fruits

Rising from the National Executive Council (NEC’s) meeting, the Peoples Democratic Party (PDP) has caled on the Federal Government to review the hike in electricity tariff and other economic reforms which is causing hardship for Nigerians.

3. N3.2 Trillion Subsidy Needed to Reverse Electricity Tariff Hike- FG

The federal government says it will require about N3.2 trillion to subsidise electricity in 2024, if the current tarrif increase has to be reversed.

4. Whitney Adeniran: Court Fixes May 2 To Rule On Admissibility Of Evidence

A Lagos High Court sitting in Ikeja has adjourned to May 2 to rule on the admissibility of treasury receipts for the use of Agege Stadium where the death of Chrisland School student, Whitney Adeniran, was alleged to have occurred.

5. Federal High Court Stops APC From Suspending Ganduje

The Federal High Court in Kano has stopped All-Progressives Congress (APC) Kan Ward stopped his ward from suspending Abdullahi Ganduje, the National Chairman of the party.

6. CBN Governor, Cardoso, Breaks Silence Over Depleting Foreign Reserves

The Central Bank of Nigeria's (CBN) governor, OLAYEMI Cardoso, has stated that the Naira is not being strengthened by the nation's foreign reserves.

7. FCCPC Seals Another Abuja Supermarket Over Unfair Practices, Moves Against Price Fixing

Due to unethical behavior, the Federal Competition and Consumer Protection Commission (FCCPC) closed 4U Supermarket, formerly known as Amigo Supermarket, in Abuja.

8. At NEC Meeting, PDP Retains Damagum As Acting Chair

The Peoples Democratic Party (PDP) at its 98th National Executive Council (NEC) meeting on Thursday has retained Umar Damagum as the party’s national acting chairman.

9. DNA: Court To Serve Mohbad’s Wife Via Substituted Means

The Chief Magistrate Court sitting in Ikorodu has granted the order that Wunmi, the wife of the late singer, Ilerioluwa Aloba aka Mohbad, be served notice of the pending DNA test application by substituted means.

10. FA Cup replays to be scrapped from the first round onwards in 2024-25

The Football Association, FA, have confirmed the complete scrapping of FA Cup from the first round proper, starting from next season.

READ FULL STORIES ON: www.matrixngr.com

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

1. Yahaya Bello’s Alleged ₦80bn Theft Case

* Drama As Conflicting Court Orders Hampers Trial Of Ex Kogi Gov
* EFCC Flexes Muscles, Warns Against Further Obstruction Of Its Operations
* Falana Blows Hot, Says No Court Can Prevent EFCC From Prosecuting Yahaya Bello

Drama aplenty emerged on Wednesday as the Economic and Financial Crimes Commission (EFCC) moved to arrest and prosecute former Kogi State Governor Yahaya Bello for an alleged N80.2bn money laundering and theft case during his time as governor of the state.

2. Atiku, Wike Finally Meet At PDP National Caucus Meeting Ahead Of NEC Meeting Today

* Former PDP Chair, Ayu Withdraws Appeal Against Removal

For the first time since the 2023 Presidential Election, the Presidential Candidate of the Peoples Democratic Party (PDP) in the general elections, Alhaji Atiku Abubakar and the Minister of the Federal Capital Territory, Mr Nyesome Wike, on Wednesday finally came face-to-face at the party’s national caucus meeting in Abuja.

3. IMF Envisions Nigeria’s Inflation Dropping To 26.3% Before Next Year

The Nigerian economy is expected to increase by 3.3% this year, according to the International Monetary Fund (IMF), which projects that the country's inflation rate would decrease to 26.3% in 2024.

4. Soludo Government Demolished Filling Station With Valid Permits- IPMAN

The Independent Petroleum Marketers Association of Nigeria has petitioned Governor Charles Soludo over the demolition of a part of the property belonging to Chris Tee Petroleum Limited.

5. Your Claim On Subsidy Payments Wrong-FG Replies  El-Rufai,Marketers

The Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited issued a joint statement refuting claims about the reinstatement of subsidy on Premium Motor Spirit (PMS), commonly known as petrol.

6. National Grid Collapses: Obi Urges FG To Set Up Task Force To Address Recurring Incidences

Following the repeated cases of the collapse of the National Grid, Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has urged the federal government to constitute a technical task force of professionals to address the menace.

7. Fraud: Failure To Serve Criminal Charges Notice Stalls Ganduje’s Trial

The anticipated arraignment of the National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has been stalled due to the Kano State Government’s inability to serve criminal charges against him.

8. Transfer From DSS Custody: Nnamdi Kanu Knows Fate On May 20

The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu will on May 20, 2024 know his fate in the application seeking to transfer from the custody of the Department of State Security (DSS) to a house arrest.

9. Naira Abuse: Davido Delighted As Court Grants Cubana Chief Priest N10m Bail

Davido, the afrobeats artist, responded to the ₦10 million bail that was given to socialite Pascal Okechukwu, also known as CEO Priest from Cuba.

10. UCL: End Of Road For EPL Clubs As Bayern, R’ Madrid Send Arsenal, City Packing

It was the end of the road for the remaining two representatives of the English Premier League (EPL) in this season’s UEFA Champions League Arsenal and Manchester City as they were sent packing at the Quarter Final’s stage by Bayern Munich and Real Madrid respectively.

READ FULL STORIES ON: www.matrixngr.com