₦airaland Forum

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

1. Again, Atiku, Presidency Trade Tackles Over FG’s Policies

* We Can’t Keep Quiet As Tinubu’s Policies Are Causing More Hardship For Nigerians-Atiku
* Says Nigeria Needs Sufficient FX Reserves To Operate A Successful Fixed-Exchange Rate System
* Atiku’s Claim That FX Management Policy Was Hurriedly Put Together False, Preposterous-FG
* Argues That CBN Policies To Stabilise Naira Already Yielding Some Positive Results

Former Nigeria’s Vice-President, Alhaji Atiku Abubakar has continued his scathing condemnation of the various policies of the current administration led by President Bola Ahmed Tinubu while the Presidency has also fired back at the former VP. READ MORE https://matrixngr.com/2024/02/19/again-atiku-presidency-trade-tackles-over-fgs-policies/

2. Rising Cost Of Living: AfDB Warns About Looming Social Unrest In Nigeria, Others

 * Projects Africa’s Growth To Rebound To 3.8% In 2024

The African Development Bank (AfDB) has raised an alarm that Nigeria, Ethiopia, Angola and Kenya are at the risk of civil unrest because of rising food costs and increasing fuel prices. READ MORE https://matrixngr.com/2024/02/18/rising-cost-of-living-afdb-warns-about-looming-social-unrest-in-nigeria-others/

3. SERAP Demands Account Of ‘Missing Oil Revenues’ From NNPCL Within Seven Days

Socio-Economic Rights and Accountability Project (SERAP) has given the Nigerian National Petroleum Company (NNPC) Limited seven days to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” READ MORE https://matrixngr.com/2024/02/18/serap-demands-account-of-missing-oil-revenues-from-nnpcl-within-seven-days/

4. Surging Cement Prices and Building Material Costs Force Developers to Abandon Projects Nationwide

Real estate developers are grappling with mounting challenges as they strive to adhere to project deadlines amidst escalating exchange rates. This predicament is particularly acute for those who had previously inked contracts inclusive of variation clauses, now grappling with substantial losses due to the escalating costs of construction materials, including cement and steel. READ MORE https://matrixngr.com/2024/02/19/surging-cement-prices-and-building-material-costs-force-developers-to-abandon-projects-nationwide/

5. Economic Mess, Woes: FG Unsure What To Charge Emefiele With, Says Akpabio

Following the precarious economic situation in Nigeria, the Senate President, Godswill Akpabio has disclosed that the current administration led by President Bola Tinubu does not even know the crimes to charge former governor of the Central Bank, Godwin Emefiele with due to the current mess the embattled former CBN gov has plunged the country into. READ MORE https://matrixngr.com/2024/02/19/economic-mess-woes-fg-unsure-what-to-charge-emefiele-with-says-akpabio/

6. BUA  announces 50% salary increase for workers 

A 50% pay rise for all employees has been declared by Abdul Samad Rabiu, Chairman of BUA Group. READ MORE https://matrixngr.com/2024/02/18/bua-announces-50-salary-increase-for-workers/

7. Exchange Rate: Why Is NERC Set To Increase Price Of Prepaid Meters

The price of prepaid meters may be raised once more by the Nigerian Electricity Regulatory Commission (NERC). READ MORE https://matrixngr.com/2024/02/18/exchange-rate-why-nerc-set-to-increase-price-of-prepaid-meters/

8. Sabiboy’s Journey Of Musical Mastery

In the vibrant streets of Accra, Ghana, a rising star is making waves in the music industry. His name is Kollie Adolphous, but to the world, he is known as Sabiboy. Born and raised in Teshie Nungua, Accra, Sabiboy's journey to musical stardom is a testament to the power of self-discovery and unwavering determination. READ MORE https://matrixngr.com/2024/02/18/sabiboys-journey-of-musical-mastery/

9. 2026 WCQ: Super Eagles suffer major injury blow ahead South Africa, Benin fixtures

Super Eagles of Nigeria have suffered a major injury blow ahead of their 2026 World Cup Qualifiers against South Africa and Benin Republic in June. READ MORE https://matrixngr.com/2024/02/18/2026-wcq-super-eagles-suffer-major-injury-blow-ahead-south-africa-benin-fixtures/

10. Edo Guber: APC Crisis Deepens As Third Candidate Emerges

The crisis trailing Saturday’s primary election of the All Progressives Congress, APC, in Edo State, has deepened with the emergence of three candidates laying claim to the party’s ticket for the governorship election scheduled for September 21, 2024. READ MORE https://matrixngr.com/2024/02/19/edo-guber-apc-crisis-deepens-as-third-candidate-emerges/

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

1. Minister Warns Nigerians To Desist From Using Inflammatory Language Against Government

* Such Comments Are Incitive, Destructive And Can Exacerbate Tensions, Lead To Violence
* Tinubu Has Capacity, Political Will And Is Working Round The Clock To Make Nigeria A Better, More Secure Nation
* Reels Out Measures Government Is Deploying To Address Nigeria’s Problems

Following the use of some alleged “unguarded utterances” by some Nigerians against the Federal Government, the Minister of State for Defence, Bello Matawalle, has issued a stern warning to Nigerians to desist from using inflammatory language against the government. READ MORE https://matrixngr.com/2024/02/17/minister-warns-nigerians-to-desist-from-using-inflammatory-language-against-government/

2. Don’t Abuse State Police, PSC Boss, Arase Warns Governors

* Most Governors Won’t Allow Their Oppositions To Campaign Anywhere If They Control State Police

The Chairman of the Police Service Commission (PSC), Solomon Arase, has warned state governors not to abuse state police.  READ MORE https://matrixngr.com/2024/02/17/dont-abuse-state-police-psc-boss-arase-warns-governors/

3. Rising Cement Prices: FG Summons Dangote, BUA, Larfarge, Others

Worried by escalating prices of Cement,the Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the development.  READ MORE https://matrixngr.com/2024/02/17/rising-cement-prices-fg-summons-dangote-bua-larfarge-others/

4. Afenifere Blames Buhari, Emefiele For Nigeria’s Current Economic Crisis

Pan Yoruba socio-political group, Afenifere, has laid the blame of the current economic hardship experienced by Nigerians on former President Muhammadu Buhari and the ex-Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.  READ MORE https://matrixngr.com/2024/02/17/afenifere-blames-buhari-emefiele-for-nigerias-current-economic-crisis/

5. AU Appoints Tinubu As Champion For Health

The African Union has appointed President Bola Tinubu as the Champion for Human Resources for Health and Community Health Delivery Partnership.  READ MORE https://matrixngr.com/2024/02/17/au-appoints-tinubu-as-champion-for-health/

6. Bandits Raid Mosque In Katsina, Kill Three, Abduct Several Others

Suspected bandits in large numbers invaded a mosque in Kankara Local Government Area of Katsina State on Thursday killing three worshippers and abducting several others.  READ MORE https://matrixngr.com/2024/02/16/bandits-raid-mosque-in-katsina-kill-three-abduct-several-others/

7. 2023 Elections: Obi Received N596m In Donations, Spent N744.5m On Election Lawsuits, Says Aisha Yesufu

The presidential candidate of the Labour Party, Peter Obi has been reported to have spent a whooping N744,5m on litigation following his loss in the 2023 presidential election.  READ MORE https://matrixngr.com/2024/02/16/2023-elections-obi-received-n596m-in-donations-spent-n744-5m-on-election-lawsuits-says-aisha-yesufu/

8. Edo 2024: Osagie Ize-Iyamu Withdraws From Gubernatorial Race

Pastor Osagie Ize-Iyamu, one of the front-line aspirants in the gubernatorial election coming up in Edo State in 2024 has withdrawn from the race.  READ MORE https://matrixngr.com/2024/02/16/edo-2024-osagie-ize-iyamu-withdraws-from-gubernatorial-race/

9. More Hardship Looms As Oil Transporters NARTO Threatens To Stop Lifting Petrol From Monday

The Nigerian Association of Road Transport Owners (NARTO) has vowed to suspend operations from Monday, February 19, 2024 over rising operational costs.  READ MORE https://matrixngr.com/2024/02/16/more-hardship-looms-as-oil-transporters-narto-threatens-to-stop-lifting-petrol-from-monday/

10. EPL: I knew he would be a star player – Guardiola hails Chelsea forward

Manchester City manager, Pep Guardiola, has said he knew Cole Palmer was “a star player”.  READ MORE https://matrixngr.com/2024/02/16/epl-i-knew-he-would-be-a-star-player-guardiola-hails-chelsea-forward/

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

1. Worsening Living Condition: APC, PDP Govs In War Of Words

* A Great Disservice To Nigeria If Leaders Incite Citizens Against Government-PGF Chairman
* Mere Criticisms Or Even Playing To Gallery For Public Applause Is Not Way To Go
* PDP Govs Playing Ostrich When Fully Aware Of What Tinubu Was Doing To Reverse Situation

Governors elected on the platform of the All-Progressives Congress (APC) popularly called the Progressives Governors Forum (PGF) and their counterpart from the People Democratic Party (PDP) are engaging in a war of words over the worsening economic condition in the country. READ MORE https://matrixngr.com/2024/02/15/worsening-living-condition-apc-pdp-govs-in-war-of-words/

2. Labour Party Suspends National Treasurer, Opara Over Allegation Of N3.5bn Fraud Against Abure

 * Says She’s Being Sponsored By Same People Who Used Lamidi Apapa, Others

 In the wake of an allegation of N3.5bn financial recklessness levelled against the National President of Labour Party, Julius Abure by its National Treasurer, Oluchi Opara, the party has slammed a six months suspension on the treasurer. READ MORE https://matrixngr.com/2024/02/15/labour-party-suspends-national-treasurer-opara-over-allegation-of-n3-5bn-fraud-against-abure/

3. IOCs Pledge to Deepen Investments in Nigeria

A group of International Oil Companies operating in Nigeria, TotalEnergies, Shell and Chevron, have assured Nigerians of their continued investment in the mineral resources sector in Africa. READ MORE https://matrixngr.com/2024/02/15/iocs-pledge-to-deepen-investments-in-nigeria/

4. Hike In Electricity Tariff Looms As FG Groans Under Subsidy Weight

Nigerians might be asked to pay more for electricity as the Minister of Power, Adebayo Adelabu has disclosed that the country cannot continue to subsidise electricity. READ MORE https://matrixngr.com/2024/02/15/hike-in-electricity-tariff-looms-as-fg-groans-under-subsidy-weight/

5. Why Nigeria Should Return To Parliamentary System Of Government-Reps Minority Leader, 59 Others

A group of 60 lawmakers in the House of Representatives are seeking amendments to the 1999 Constitution to transition from the current presidential system to the parliamentary system of government. READ MORE https://matrixngr.com/2024/02/15/why-nigeria-should-return-to-parliamentary-system-of-government-reps-minority-leader-59-others/

6. Tinubu To commission Lagos red line project Feb 29

In a few weeks, President Bola Tinubu is scheduled to officially launch the Lagos State Red Line Rail initiative. READ MORE https://matrixngr.com/2024/02/14/tinubu-to-commission-lagos-red-line-project-feb-29/

7. Equity: Forex turnover surges by 202.97% as official exchange rate settles at N1499.07/$1

Tuesday, February 13th, 2024 saw a noteworthy increase in forex turnover of 202.97%, reaching $271.50 million, as the Nigerian naira strengthened against the dollar on the official market. READ MORE https://matrixngr.com/2024/02/14/equity-forex-turnover-surges-by-202-97-as-official-exchange-rate-settles-at-n1499-07-1/

8. TotalEnergies Nigeria’s Annual Profit Declines By 19.7 Percent To N13bn

In a recent unaudited financial statement, TotalEnergies Marketing Nigeria Plc recorded a 19.7 percent fall in its after-tax profit for 2023 despite an increase in sales. READ MORE https://matrixngr.com/2024/02/14/totalenergies-nigerias-annual-profit-declines-by-19-7-percent-to-n13bn/

 9. Insecurity: Troops Bust Illegal Weapons Manufacturing Factory In Plateau

Troops of Operation Save Haven under Hakorin Damisa IV have discovered a weapon fabrication factory in Pakachi Village, Mangu Local Government Area of Plateau State. READ MORE https://matrixngr.com/

 10. Serie A: Osimhen rejoins Napoli weekend after AFCON duties

Victor Osimhen is expected to return to Napoli by the end of this week following the conclusion of the 2023 Africa Cup of Nations. READ MORE https://matrixngr.com/2024/02/14/serie-a-osimhen-rejoins-napoli-weekend-after-afcon-duties/

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

1. Falana Fires World Bank, IMF

* Asks FG To Jettison Deleterious Programmes, Policies Of IMF, World Bank
* Says There Is No Country Where Gov’t Don’t Give Subsidies
* Warns FG Against Reliance On Economic Predictions, Policies Of IMF, World Bank
* Urges Nigeria To Join BRICS, Sell Crude Oil In Naira

Foremost Human Rights lawyer, Femi Falana has fired some salvos at Bretton wood institutions like the International Monetary Fund (IMF) and the World Bank, describing their policies as ‘deleterious’. READ MORE https://matrixngr.com/2024/02/14/falana-fires-world-bank-imf/

2. Mounting Insecurity: Senate Charges Service Chiefs On Synergy

* Akpabio Mandates Minister Of Finance To Immediately Release Funds To Military To Battle Insecurity

The Senate, on Tuesday, charged Nigeria’s security agencies to adopt proper synergy in their operations to address the rising menace of insecurity in the country. READ MORE https://matrixngr.com/2024/02/14/mounting-insecurity-senate-charges-service-chiefs-on-synergy/

3. $6.23m Fraud: Presidency Writes Interpol, Requests Arrest Of CBN Staff, Two Others 

The Federal Government has declared Odoh Ocheme, a Central Bank of Nigeria (CBN) staff member, along with two others, Adamu Abubakar and Imam Abubakar, as wanted for their alleged involvement in forging signature of former President Muhammadu Buhari to steal the sum of 6.23 million U.S. dollars in cash from the CBN. READ MORE https://matrixngr.com/2024/02/14/6-23m-fraud-presidency-writes-interpol-requests-arrest-of-cbn-staff-two-others/

4. How Rise In Production Cost Forces Nigerian Breweries To Announces Price Hike

Nigerian Breweries PLC has recently dispatched a "Price Review Notification" to its direct customers within the West Zone. The communication, dated Monday, February 12, 2024, and obtained by Nairametrics, outlines forthcoming adjustments to pricing structures. READ MORE https://matrixngr.com/2024/02/14/how-rise-in-production-cost-forces-nigerian-breweries-to-announces-price-hike/

5. ‘You Owe Nigerians An Explanation On How Increased Allocations Were Spent’ Presidency Fires Back At PDP Govs

The Federal Government on Tuesday charged governors elected on the platform of the Peoples Democratic Party, PDP, to explain to Nigerians how they spent increased allocations. READ MORE https://matrixngr.com/2024/02/14/you-owe-nigerians-an-explanation-on-how-increased-allocations-were-spent-presidency-fires-back-at-pdp-govs/

6. NUPRC Poised To End Gas Flaring By 2030, Zero Carbon Emission By 2060

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday reiterated its commitment to ending gas flaring in 2030 and achieving net zero carbon emission by 2060. READ MORE https://matrixngr.com/2024/02/14/nuprc-poised-to-end-gas-flaring-by-2030-zero-carbon-emission-by-2060/

7. Portable, Wife Stronger Together  As Photos Of Assault Flood Online

Bewaji, the contentious wife of Nigerian musician Habeeb Okikiola, better known by his stage name Portable, has refuted reports that there was domestic abuse in their union. READ MORE https://matrixngr.com/2024/02/13/portable-wife-stronger-together-as-photos-of-assault-flood-online/

8. Wike, Lokpobiri Pay Condolence Visit To Wigwe’s Family

The Minister of the Federal Capital Territory (FCT) Nyesom Wike, Tuesday, February 13, 2024 paid a condolence visit to the residence of the parents of the late Group Chief Executive Officer GCEO of Access Holdings Herbert Wigwe to commiserate with them over their son’s demise. READ MORE https://matrixngr.com/2024/02/13/wike-lokpobiri-pay-condolence-visit-to-wigwes-family/

9. FG Treats Super Eagles To Welcome Breakfast In Abuja

The 25-man squad of the Super Eagles has arrived in the Federal Capital Territory after their second-place finish at the just concluded African Cup of Nations final. READ MORE https://matrixngr.com/2024/02/13/fg-treats-super-eagles-to-welcome-breakfast-in-abuja/

10. Why 2024 Nigerian Budget Is Insufficient To Boost Economy Amid Naira Devaluation – Experts

One of the financial analysts at FSL Securities Limited has said that the 2024 budget size won't significantly boost the economy given the present depreciation of the naira. READ MORE https://matrixngr.com/2024/02/13/why-2024-nigerian-budget-is-insufficient-to-boost-economy-amid-naira-devaluation-experts/

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

1. Wigwe, Ogunbanjo: The Tributes Pour In

* Tinubu, Govs, Atiku, Obi, Mourn 'Unfortunate Incident'
* Okonjo-Iweala, Business Community Pay Respect To An ‘Exemplary Businessman’
* How Bad Weather Led To Helicopter Crash- US Transportation Safety Board

 The deaths of the Group Chief Executive Officer (GCEO) of Access Holdings and former Group Chairman of the Nigerian Exchange Group, Abimbola Ogunbanjo, in a helicopter crash in the United States of America have continued to draw tributes from all over the country. READ MORE https://matrixngr.com/2024/02/12/how-wigwe-wife-son-ogunbanjo-died/

2. Economic Hardship, Insecurity: Adeboye, Ndukuba Seek Divine Intervention

* Our Problems Will Require A Bit Of Spiritual Solution-Adeboye
* The Problems In Nigeria Would Take 10 To 20 Years To Be Fixed-Ndukuba

Two leading clerics in Nigeria, the General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye and the Primate of the Church of Nigeria, Anglican Communion, Most Reverend Henry Ndukuba have sought divine intervention to the economic hardship facing Nigerians. READ MORE https://matrixngr.com/2024/02/11/economic-hardship-insecurity-adeboye-ndukuba-seek-divine-intervention/

3. IMF: Why Nigeria struggles with stalled per-capita growth, poverty, food insecurity

Nigeria's economic problems, such as its halted per capita growth, high rates of poverty, and severe food insecurity, have been outlined in a thorough assessment by the International Monetary Fund (IMF). This is happening while President Bola Tinubu's administration is working to put important structural reforms into place. READ MORE https://matrixngr.com/2024/02/11/imf-why-nigeria-struggles-with-stalled-per-capita-growth-poverty-food-insecurity/

4. Edo Guber: Fresh Crisis Rocks PDP As Shaibu, Igbinedion Other  Aggrieved Aspirants Threaten Lawsuit

Ahead of the governorship election in Edo State, nine aggrieved aspirants of the Peoples Democratic Party, PDP, for the February 22, 2024, governorship primary in Edo State have threatened to institute legal action against the party if their grievances are not addressed. READ MORE https://matrixngr.com/2024/02/11/edo-guber-fresh-crisis-rocks-pdp-as-shaibu-igbinedion-other-aggrieved-aspirants-threaten-lawsuit/

5. Lagos To Begin Prosecution Of Pedestrians Crossing Highways

The Lagos State Government, on Sunday, reiterated the decision to begin the prosecution of pedestrians that cross major highways in the state saying it is an office. READ MORE https://matrixngr.com/2024/02/11/lagos-to-begin-prosecution-of-pedestrians-crossing-highways/

6. Hope Rises For State Police As NASS Mulls Fresh Legal Framework

In an attempt to combat the rising insecurity in Nigeria, the National Assembly has disclosed that it will consider a legal framework for the creation of state police and for the gathering of local intelligence about the activities of bandits, kidnappers and terrorists. READ MORE https://matrixngr.com/2024/02/11/hope-rises-for-state-police-as-nass-mulls-fresh-legal-framework/

7. UNEP, ECN Form Committee To Advance Climate-Friendly, Energy-Efficient Cooling Solutions In Nigeria

With funding from the Clean Cooling Collaborative (CCC), the Energy Commission of Nigeria (ECN) and the United Nations Environment Programme (UNEP) established the National Technical Committee of the Scaling-up Energy-Efficiency and Climate-Friendly Cooling in Nigeria. READ MORE https://matrixngr.com/2024/02/11/unep-ecn-form-committee-to-advance-climate-friendly-energy-efficient-cooling-solutions-in-nigeria/

8. Lizzy Anjorin's husband avoids arrest despite being involved in land-grabbing scandal

The Nollywood actress Lizzy Anjorin's spouse, Lateef Lawal, is presently involved in a land-grabbing battle. READ MORE https://matrixngr.com/2024/02/11/lizzy-anjorins-husband-avoids-arrest-despite-being-involved-in-a-land-grabbing-scandal/

9. Falana Hammers FG On Price Control Duty

As required under the Price Control Act, the Nigerian government must take urgent action to protect the interests of the majority of the populace by enforcing price control measures that shield residents from exploitation. READ MORE https://matrixngr.com/2024/02/10/falana-hammers-fg-on-price-control-duty/

10. Gallant Super Eagles Loses AFCON Trophy To Ivory Coast

Despite a gallant display, the Super Eagles of Nigeria lost to hosts Ivory Coast in a thrilling Africa Cup of Nations (AFCON) final match at the Alassane Ouattara Olympic Stadium in Ebimpe, Abidjan, on Sunday. READ MORE https://matrixngr.com/2024/02/11/gallant-super-eagles-loses-afcon-trophy-to-ivory-coast/

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

1. Hardship Hits Harder

* Pensioners Threaten To Protest Naked
* Federal Worker Beg For Last Month Salary
* Falana Faults FG

Times are hard and it has touched all and sundry, including men and women  who had served the country.

These retirees have sounded warning so loud that the country is shaking. READ MORE https://matrixngr.com/2024/02/11/hardship-hits-harder/

2. Ondo senator fights for lower tariffs on imported goods

Olajide Ipinsagba, a senator from Ondo North and a member of the Senate Committee on Customs and Excise, has advocated for a decrease in import duties because of the naira's strengthening value relative to other major world currencies. READ MORE https://matrixngr.com/2024/02/10/ondo-senator-fights-for-lower-tariffs-on-imported-goods/

3. NDIC Partners CBN to Supervise Banking Operations 

The Nigeria Deposit Insurance Corporation (NDIC) says it is partnering with the Central Bank of Nigeria(CBN) to proactively address potential risks within the banking system. READ MORE https://matrixngr.com/2024/02/11/ndic-partners-cbn-to-supervise-banking-operations/

4. Kannywood Actor, Adam Zango Battles Depression

Adam A. Zango, a well-known actor in Nigeria, has said that, following his divorce from his spouse, he is currently receiving treatment for depression. READ MORE https://matrixngr.com/2024/02/11/kannywood-actor-adam-zango-battles-depression/

5. Again, Ondo Amotekun Moves to Rescue Kidnapped Passengers in Kogi
[/b]In the forest of Akunu, the Ondo State Security Network, known as the Amotekun Corps, has initiated a search operation to rescue kidnapped passengers. READ MORE https://matrixngr.com/2024/02/11/againondo-amotekun-moves-to-rescue-kidnapped-passengers-in-kogi/

[b]6. Nigeria vs Ivory Coast: All AFCON final prediction, kick-off time, TV, live stream, team news, h2h results, odds

In the semi-finals of this year's AFCON, the Super Eagles had mostly defeated everyone in their path but were pushed into a thrilling penalty shootout by a resilient South Africa team. READ MORE https://matrixngr.com/2024/02/11/nigeria-vs-ivory-coast-all-afcon-final-prediction-kick-off-time-tv-live-stream-team-news-h2h-results-odds/

7. Finally! Tinubu demands stronger military response to security threats

The Nigerian Armed Forces have been instructed by President Bola Tinubu to step up their battle against terrorists and kidnappers who are endangering the country. READ MORE https://matrixngr.com/2024/02/11/finally-tinubu-demands-stronger-military-response-to-security-threats/

8. Ondo Petrol Dealer Kills Wife, Commits Suicide 

Sesan Adelabu, a dealer of PETROLEUM products headquartered in Akure, the capital of Ondo State, is claimed to have fatally macheted his wife Bolu Adelabu on Friday at their home in the city's Alagbaka GRA neighborhood. READ MORE https://matrixngr.com/2024/02/10/ondo-petrol-dealer-kills-wife-commits-suicide/

9. Access Bank Boss, Herbert Wigwe, Wife, Child Other Prominent Nigerians Die In Helicopter Crash

Herbert Wigwe, the group chief executive officer of Access Holdings Plc, has reportedly passed away. READ MORE https://matrixngr.com/2024/02/10/access-holdings-ceo-herbert-wigwe-feared-dead/

10. N1bn Leaked Memo: Presidency blames moles as PDP demands probe

The National Assembly should look into the N500 million approval—the first installment of an alleged N1 billion approval purportedly given by President Bola Tinubu—for the establishment of a 37-member Tripartite Committee on the New National Minimum Wage, according to a call made by the Peoples Democratic Party. READ MORE https://matrixngr.com/2024/02/10/n1bn-leaked-memo-presidency-blames-moles-as-pdp-demands-probe/

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

1. Subsidy: Sagay Speaks

* Says Sudden Manner Tinubu Announced Removal Created Untold Hardship
* FG Should Have Allowed Commencement Of Internal Production Before Removal
* Naira’s Freefall Must Stop, Otherwise, It Will Destroy Everything FG Is Trying To Do
* TUC Kicks Against Citizen’s Economic Hardship, Says It’s Tired Of Rhetoric

Following the implementation of some policies that include the removal of subsidy on the Premium Motor Spirit (PMS) popularly known as petrol and the floating of the naira by the President Bola Ahmed Tinubu’s-led government which had in turn created untold hardship for Nigerians, a Senior Advocate of Nigeria, Prof Itse Sagay has faulted the way and manner the president went about the implementation of those policies. READ MORE https://matrixngr.com/2024/02/10/subsidy-sagay-speaks/

2. EFCC Declares Emefiele’s Wife, Three Others Wanted

The Economic Financial Crime Commission, EFCC has declared Margaret, wife of former Central Bank Governor, Godwin Emefiele and three others wanted as part of their investigations involving the former banker. READ MORE https://matrixngr.com/2024/02/10/efcc-declares-emefieles-wife-three-others-wanted/

3. Shell Resumes Oil Delivery to Port Harcourt Refinery With 475,000 Barrels of Crude Oil.

Shell Petroleum Development Company Limited (SPDC) achieved a significant milestone for Nigeria's oil and gas sector by delivering 475,000 barrels of crude oil to the Port Harcourt Refinery, marking a pivotal step towards its imminent restart after years of dormancy. READ MORE https://matrixngr.com/2024/02/10/shell-resumes-oil-delivery-to-port-harcourt-refinery-with-475000-barrels-of-crude-oil/

4. Tinubu Signs Amended Electricity Act Bill Into Law

President Bola Tinubu, Friday, February 9, 2024 signed the Electricity Act (Amendment) Bill, 2024, into law. READ MORE https://matrixngr.com/2024/02/09/tinubu-signs-amended-electricity-act-bill-into-law/

5. Traffic Advisory: Lagos Govt Diverts Traffic For 2024 City Marathon

Ahead of this year’s Access Bank City Marathon slated for Saturday, the Lagos State government has issued a traffic advisory and has announced the closure of some roads in the city. READ MORE https://matrixngr.com/2024/02/09/traffic-advisory-lagos-govt-diverts-traffic-for-2024-city-marathon/

6. Amnesty International Kicks As Madagascar Passes Law To Castrate Child Rapists

Leading Human Rights group, Amnesty International has kicked against a new law in Madagascar which prescribed castration for child rapists. READ MORE https://matrixngr.com/2024/02/09/amnesty-international-kicks-as-madagascar-passes-law-to-castrate-child-rapists/

7. NGX: Investors Make N345bn Profit As Equities Market Reverses 4-Days Losing Streak

The equities market reversed 4-days losing streak to end the week on a positive note as investors made a profit of N345bn buoyed by strong performances by equities like MAYBAKER, GEREGU, MEYER and VERITASKAP. READ MORE https://matrixngr.com/2024/02/09/ngx-investors-make-n345bn-profit-as-equities-market-reverses-4-days-losing-streak/

8. N800 Billion Worth of Investments May be Lost Over Ban on Sachet Alcohol- Stakeholders 

The ban on alcoholic beverages in sachets and pet bottles less than 200ml may cause manufacturers and other stakeholders across the food and beverages value chain to lose investments worth over N800 billion. READ MORE https://matrixngr.com/2024/02/09/n800-billion-worth-of-investments-may-be-lost-over-ban-on-sachet-alcohol-stakeholders/

9. AFCON: Ex-Senate President, Mark, Osaze Charge Super Eagles To Win Trophy

Former Senate President, David Mark, and ex Super Eagles attacker, Osaze Odemwingie have tipped the Nigerian male senior national team to win the African Cup of Nation (AFCON) for Nigerians on Sunday, February 11, 2024. READ MORE https://matrixngr.com/2024/02/09/afcon-tragedies-anxiety-over-death-of-nigerians-during-s-africa-eagles-match/

10. Davido’s Baby Mama, Sophia Reveals What Changed Her Mentality As Single Parent

Sophia Momodu, one of the baby mamas of Nigerian music superstar, David Adeleke, popularly known as Davido has recalled how an incident changed her whole mentality as a single parent. READ MORE https://matrixngr.com/2024/02/10/davidos-baby-mama-sophia-reveals-what-changed-her-mentality-as-single-parent/

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

1. Governors Forum, NSA Move To Address Insecurity, Rising Cost Of Living

* Say There’s Urgent Need To Address Connection Between Food Inflation, Insecurity
* Reduce FX Demand Due To Dependence On Imported Goods, Services
* To Review Extant Criminal Justice Laws In States To Ensure Quick Dispensation Of Justice

Following the rising cost of living and the mounting insecurity in Nigeria, Nigerian governors, under the aegis of the Nigeria Governors’ Forum (NGF), Thursday, February 8, 2024 met with the National Security Adviser, Nuhu Ribadu to address the issues. READ MORE https://matrixngr.com/2024/02/09/governors-forum-nsa-move-to-address-insecurity-rising-cost-of-living/

2. Rising Cost Of Living: FG Orders Immediate Release Of 102,000 Metric Tonnes Of Rice, Maize, Others

 * May Resort To Importation Of Food Items To Address Hardship

The federal government has ordered the release of 102,000 metric tonnes of rice and maize to Nigerians to address the food crisis in the country, coupled with the inflationary trend. READ MORE https://matrixngr.com/2024/02/08/rising-cost-of-living-fg-orders-immediate-release-of-102000-metric-tonnes-of-rice-maize-others/

3. Why We Moved  Our Revenue to CBN — NNPCL

Nigerian National Petroleum Company has given clarification of its decision to transfer a sizeable amount of its earnings to the Central Bank of Nigeria (CBN). This move was made in compliance with the board of directors' directives to uphold safe obligor limits with commercial banks. READ MORE https://matrixngr.com/2024/02/09/why-we-moved-our-revenue-to-cbn-nnpcl/

4. Interconnect Debt Dispute – NCC Withdraws Disconnection Notice Against Globacom

The Nigerian Communications Commission has said that the interconnect debt dispute between MTN Nigeria Communications Plc and Globacom Limited has been resolved. READ MORE https://matrixngr.com/2024/02/09/interconnect-debt-dispute-ncc-withdraws-disconnection-notice-against-globacom/

5. Nigerians Must Recite National Pledge At Official Engagements- Tinubu Orders

President Bola Tinubu has ordered that the recitation of the National Pledge after the National Anthem at every official and public engagement be made mandatory. READ MORE https://matrixngr.com/2024/02/09/nigerians-must-recite-national-pledge-at-official-engagements-tinubu-orders/

6. AFCON Tragedies: Anxiety Over Death Of Nigerians During S’ Africa, Eagles Match

There are growing anxieties over the report of several Nigerians that slumped and died while watching the semi-final match of the ongoing Africa Cup of Nations (AFCON) between Super Eagles of Nigeria and Bafana Bafana of South Africa with warnings going out that Nigerians should stop watching Super Eagles matches if they suspect having high blood pressure. READ MORE https://matrixngr.com/2024/02/09/afcon-tragedies-anxiety-over-death-of-nigerians-during-s-africa-eagles-match/

7.  No Increase in PMS Price, NNPC Ltd Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. READ MORE https://matrixngr.com/2024/02/09/no-increase-in-pms-price-nnpc-ltd-assures-nigerians/

8. NLC, TUC Issue 14-Day Ultimatum to FG Over Non-Implementation of Agreements

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have jointly issued a 14-day ultimatum to the Federal Government regarding the failure to implement the 16-point agreement made following the removal of the petrol subsidy. READ MORE https://matrixngr.com/2024/02/08/just-in-nlc-tuc-to-strike-again/

9. Asake Beats Tyla, Davido In 2024 MOBO Awards

Ahmed Ololade, better known by his stage name Asake, is a Nigerian musician who won the 2024 MOBO Awards on Wednesday night in Sheffield, United Kingdom, for Best African Artist of the Year. READ MORE https://matrixngr.com/2024/02/08/asake-beats-tyla-davido-in-2024-mobo-awards/

10. ECOWAS Ministers Meet In Abuja Over Burkina Faso, Mali, Niger

The Economic Community of West African States, or ECOWAS, is now holding a summit in Abuja, Nigeria, with the purpose of discussing foreign affairs, following the withdrawal of Burkina Faso, Mali, and the Niger Republic from the organization. READ MORE https://matrixngr.com/2024/02/08/just-in-ecowas-ministers-meet-in-abuja-over-burkina-faso-mali-niger/

President Bola Tinubu has mourned former Executive Director of the Niger Delta Development Commission (NDDC), who slumped and died while watching the semi-final match between the Super Eagles of Nigeria and Bafana Bafana of South Africa on Wednesday night.



The president, in a statement by his spokesman Chief Ajuri Ngelale, condoled with the Ojougboh family and the government and people of Delta State over what he called “the tragic loss”.



“It is with a heavy heart that President Bola Tinubu receives the news of the passing of Dr. Cairo Ojougboh, former Executive Director of the Niger Delta Development Commission (NDDC), who died on Wednesday.



Dr. Ojougboh was a member of the House of Representatives (2003-2007) and a leader of the All-Progressives Congress (APC) in Delta State.



President Tinubu condoles with the Ojougboh family and the government and people of Delta State over this tragic loss.



While praying for the peaceful repose of the departed, President Tinubu comforts his family and urges them to find strength and hope in God Almighty, who presides over the affairs of men, as well as in the cherished memories and legacy of the late APC chieftain.



He urged them to find strength and hope in God Almighty, who presides over the affairs of men, as well as in the cherished memories and legacy of the late APC chieftain” the statement said.



It would be recalled that Ojougboh who represented Ika federal constituency of Delta State died on Wednesday night while watching the AFCON 2023 semi-final match between Nigeria and South Africa.



Reliable sources said that the outspoken politician and chieftain of the All Progressives Congress (APC) slumped and died after a penalty kick was awarded against Nigeria.



“As soon as a penalty kick was awarded against Nigeria during the AFCON match with South Africa on Wednesday’s semi-final clash in Bouake, Ivory Coast, he slumped and died” the source said.



The deceased was the Akinuwa of Agbor Kingdom in Ika Local Government Area of Delta.

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

1. Rising Cost Of Living: Fresh Protests Erupt

FG To Throw Open National Food Reserves To Address Rising Food Costs
Minister Appeals To Nigerians To Understand With Government
APC Chieftain Kicks, Says It Is Dishonest Of APC To Blame Opposition For Protests
Court Orders Nigerian Govt To Fix Prices Of Foodstuff, Petroleum Products In 7 Days

Following the biting hardship experienced by Nigerians and the rising costs of living, fresh protests have broken out as residents of Suleja in Niger State have taken to the street to register their displeasure over the development. READ MORE https://matrixngr.com/2024/02/08/rising-cost-of-living-fresh-protests-erupt/

2. Reps Raise Concern Over NAFDAC’s Ban On Small Sachet, Bottled Beverages Production

Say It Contradicts Economic Recovery Plan Of Current Administration

The House of Representatives has raised concerns over the ban imposed on the production of beverages in sachets and small bottles in Nigeria by the National Agency for Food and Drug Administration and Control (NAFDAC) to investigate in a plenary session on Wednesday. READ MORE https://matrixngr.com/2024/02/08/reps-raise-concern-over-nafdacs-ban-on-small-sachet-bottled-beverages-production/

3. Oyo Govt Identifies Three Masterminds Of Ibadan Explosion

The Oyo State Government on Wednesday revealed that at least three persons responsible for an explosion that rocked Bodija, in Ibadan, the state’s capital, have been identified. READ MORE https://matrixngr.com/2024/02/08/oyo-govt-identifies-three-masterminds-of-ibadan-explosion/

4. FG, States, LGAs Share N2.517tr FAAC Exchange Rate Gain In 2023

The three tiers of government; Federal government, 36 states, and all Local Government Areas LGAs across the country shared around N2.517 trillion as exchange rate gain for the year 2023. READ MORE https://matrixngr.com/2024/02/08/fg-states-lgas-share-n2-517tr-faac-exchange-rate-gain-in-2023/

5. EFCC Launches Task Force To Clampdown On Dollarisation, Naira Mutilation

The Economic and Financial Crimes Commission (EFCC) has formed a Special task force to enforce laws prohibiting currency defacement and dollarization of the Nigerian economy. READ MORE https://matrixngr.com/2024/02/07/efcc-set-up-taskforce-against-naira-mutilation/

6. AFCON 2023: Nigeria’s Super Eagles defeat South Africa via penalties to qualify for final

Nigeria will play in the final of the 2023 Africa Cup of Nations. READ MORE https://matrixngr.com/2024/02/07/afcon-2023-nigerias-super-eagles-defeat-south-africa-via-penalties-to-qualify-for-final/

7. Capital Market: Senate Steps In To Boost Listings, Curb Tax Evasion

The Chairman of the Senate Committee on Capital Market, Osita Izunazo has said that the Senate will examine the legal frameworks that the National Assembly is now working to alter in order to increase listings and reduce tax evasion. READ MORE https://matrixngr.com/2024/02/07/capital-market-senate-steps-in-to-boost-listings-curb-tax-evasion/

8. Economy: 88.4 Million Nigerians Are Living In Extreme Poverty – FG 

Temitope Fadeshemi, Permanent Secretary of Nigeria's Federal Ministry of Agriculture and Food Security, has said that 88.4 million Nigerians live in extreme poverty at any one time. READ MORE https://matrixngr.com/2024/02/07/economy-88-4-million-nigerians-are-living-in-extreme-poverty-fg/

 9. Wike Fumes, Says Period Of Project Abandonment Is Over Under Tinubu

Under President Bola Tinubu's leadership, according to Federal Capital Territory (FCT) Minister Nyesom Wike, the days of government projects being abandoned are ended. READ MORE https://matrixngr.com/2024/02/07/wike-fumes-says-period-of-project-abandonment-is-over-under-tinubu/

10. Mohbad: Parents Fight Over Legitimacy

Joseph Aloba, the father of the late Nigerian singer Mohbad, Ilerioluwa Oladimeji Aloba, is said to not be the biological father by his mother. READ MORE https://matrixngr.com/2024/02/07/mohbad-parents-fight-over-legitimacy/

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

1. Tinubu’s Men Raise Nigerians Hope

* Nigeria’s Economy In Much Better State Than When Tinubu Took Over -Edun
* With Tinubu’s Policies, There Will Soon Be An Improvement-Cardoso
* Tinubu’s Government Working To Address Hike In Cost Of Living-Bagudu
* Nigeria Working Hard To Increase Revenue Base-FIRS Boss

While Nigerians crumble under the weight of rising cost of living exacerbated by the removal of fuel subsidy and the floating of the naira, the men saddled with the responsibilities of managing Nigeria’s economy has assured Nigerians that there is light at the end of the tunnel. READ MORE https://matrixngr.com/2024/02/07/tinubus-men-raise-nigerians-hope/

2. State Of The Nation: APC, PDP Trade Tackles

* APC Blames Opposition Parties For Instigating Masses Into Protest
* PDP Fires Back, Says APC’s Insensitive, Relishing Life-Discounting Situation In The Country

The biting hardship in Nigeria has led to a war of words between the ruling All-Progressives Congress (APC) and the opposition parties led by the Peoples Democratic Party (PDP). READ MORE https://matrixngr.com/2024/02/05/state-of-the-nation-atiku-presidency-in-war-of-words/

3. World Bank Says Inflation in Food Prices Remains High Globally.

The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle and high-income countries. READ MORE https://matrixngr.com/2024/02/07/the-world-bank-says-inflation-in-food-prices-remains-high-globally/

4. Worsening Insecurity: Senate To Grill Security Chiefs Today, Tomorrow

Following the rising spate of insecurity in Nigeria, the Senate has disclosed that the security chiefs summoned last week will be grilled between February 7 and 8 to find a way to curb the menace of criminals in the country. READ MORE https://matrixngr.com/2024/02/07/worsening-insecurity-senate-to-grill-security-chiefs-today-tomorrow/

5. Tinubu Directs Provision Of Food Intervention To Curb Shortage

President Bola Tinubu, in his capacity as a resident, has directed the Federal Government to provide a food intervention to address the shortage of food in the country. READ MORE https://matrixngr.com/2024/02/06/tinubu-directs-provision-of-food-intervention-to-curb-shortage/

6. 50% Imported Pharmaceutical Products in Nigeria Fake – NAFDAC

Fifty percent of imported pharmaceutical items in Nigeria are fake, according to the National Agency for Food and Drug Administration and Control, or NAFDAC. READ MORE https://matrixngr.com/2024/02/06/50-imported-pharmaceutical-products-in-nigeria-fake-nafdac/

7. NPC Rules Out Birth Certificate Issuance to Persons Older Than 18

The National Population Commission has said birth certificates will not be issued to persons older than 18 years of age. READ MORE https://matrixngr.com/2024/02/06/npc-rules-out-birth-certificate-issuance-to-persons-older-than-18/

8. “I Was Set Up” – Lizzy Anjorin Speaks On Theft Allegation

Lizzy Anjorin, a well-known actress in Nollywood, has responded to claims that she was stolen from. READ MORE https://matrixngr.com/2024/02/06/i-was-set-up-lizzy-anjorin-speaks-on-theft-allegation/

9. Ex-Minister, Hadi Sirika’s Brother Arrested in N8bn Aviation Funds Probe

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Abubakar Ahmad Sirika, the immediate younger brother of former Aviation Minister, Hadi Sirika. READ MORE https://matrixngr.com/2024/02/06/ex-minister-hadi-sirikas-brother-arrested-in-n8bn-aviation-funds-probe/

10. AFCON: Osimhen cleared by doctors, travels to Bouake for South Africa clash

Super Eagles striker, Victor Osimhen, has been cleared by medical doctors to play against South Africa in the 2023 Africa Cup of Nations, AFCON, semi-final. Sources in Abidjan have confirmed to THE MATRIX that Osimhen is expected to be fit for Wednesday’s game. READ MORE https://matrixngr.com/2024/02/06/afcon-osimhen-cleared-by-doctors-travels-to-bouake-for-south-africa-clash/

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

1. The Cardoso’s Exposé

* Reveals How Forensic Audit By Deloitte Unveiled Monumental Fraud In FX Market
* Confirms NNPCL, Other MDAs Moving Their Funds To CBN, Says This Will Reduce Volatility
* Amid Free-Fall, Cardoso Says Naira Undervalued, Promises Stability As Reforms Are Implemented

The shock that trailed the recent exposé by the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso is yet to subside. READ MORE https://matrixngr.com/2024/02/06/the-cardosos-expose/

2. Dwindling Income: Senate Mulls Increasing Customs’ Revenue Target

* Reveals Why Revenue Generating Agencies Must Up Their Game

In a bid to ramp up the earnings of the federal government, indications have emerged that the Senate is considering an upward review of the N5.079 billion revenue target of the Nigeria Customs Service (NCS) from the second half of the year to save the country from further borrowings. READ MORE https://matrixngr.com/2024/02/06/dwindling-income-senate-mulls-increasing-customs-revenue-target/

3. Climate Change: NNPCL, US, Deloitte Partner On Greenhouse Emission Reduction From OML 34

In Abuja on Monday, the Nigerian National Petroleum Company Limited (NNPCL) unveiled a strategic alliance with the United States Department of States and the global management consultancy firm, Deloitte. This collaborative effort is aimed at achieving net-zero carbon objectives through the initiation of a project focused on reducing methane and other greenhouse gas emissions originating from the company's upstream operations. READ MORE https://matrixngr.com/2024/02/06/climate-change-nnpcl-us-deloitte-partner-on-greenhouse-emission-reduction-from-oml-34/

4. Police Arrest Buhari Muhammad, Wanted Kidnap Kingpin, Others In Abuja Hotel

The Police in the Federal Capital Territory, FCT, have arrested suspected kidnappers, one Buhari Muhammad, and five other members of the kidnapping syndicate at a hotel in Abuja. READ MORE https://matrixngr.com/2024/02/06/police-arrest-buhari-muhammad-wanted-kidnap-kingpin-others-in-abuja-hotel/

5. AfDB Sets To Begin Disbursement Of $540m SAPZs Fund

* Oyo, Kaduna, Cross Rivers To Benefit From First Phase

All is set for the African Development Bank to commence the disbursement of $540 million to the first phase of states in Nigeria for the development of Special Agro-Industrial Processing Zones (SAPZs). READ MORE https://matrixngr.com/2024/02/06/afdb-sets-to-begin-disbursement-of-540m-sapzs-fund/

6. Obi Charges FG to Tackle Corruption, Reward Hardwork 

Mr Peter Obi, Presidential candidate of the Labour Party,  has emphasised the critical importance of tackling corruption and criminality as a means of driving Nigeria’s economy forward. READ MORE https://matrixngr.com/2024/02/06/obi-charges-fg-to-tackle-corruption-reward-hardwork/

7. King Charles III Diagnosed With Cancer, Says Buckingham Palace

King Charles has been diagnosed with a form of cancer, says Buckingham Palace. READ MORE https://matrixngr.com/2024/02/06/king-charles-iii-diagnosed-with-cancer-says-buckingham-palace/

8. Data Protection Revenue Hits N6.2bn In 2023 - Report

The report was unveiled on Sunday at the second anniversary dinner and awards, organised by the Nigeria Data Protection Commission (NDPC) in Abuja. READ MORE https://matrixngr.com/2024/02/06/data-protection-revenue-hits-n6-2bn-in-2023-report/

9. Amusan Tobi Breaks The 60-Meter Hurdle Record.

At the New Balance Indoor Grand Prix in Boston, Nigerian sprinter Tobi Amusan established a new African women's indoor record in the 60-meter event with a time of 7.75 seconds. READ MORE https://matrixngr.com/2024/02/05/amusan-tobi-breaks-the-60-meter-hurdle-record/

10. “It Was Undervalued” Multichoice Tells Canal+ After Rejecting $2.5 Billion Acquisition Offer

Multichoice, a pan-African pay-TV operator, said that it has declined Canal+'s $2.5 billion purchase offer. READ MORE https://matrixngr.com/2024/02/05/it-was-undervalued-multichoice-tells-canal-after-rejecting-2-5-billion-acquisition-offer/

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

1. State Of The Nation: Atiku, Presidency In War Of Words

* Tinubu’s Initiatives Are Literally Uninformed, Arbitrary, And Chaotic- Atiku
* Urges President To Explore Other Alternatives To Address Nigeria’s Economic Challenges
* Nigerians, Global Investment Communities Trust Ability, Competence Of President Tinubu-Presidency
* Says Atiku Abubakar, His Cohorts May Continue To Bellyache

For the second time in about a week, former vice president of Nigeria, Atiku Abubakar, has slammed the President Bola Tinubu over the state of the nation with the presidency also firing back at the former vice-president. READ MORE https://matrixngr.com/2024/02/05/state-of-the-nation-atiku-presidency-in-war-of-words/

2. SERAP Charges Tinubu To Probe Missing $3.4bn IMF Loan

 * Says Servicing IMF Loan That Is Allegedly Missing, Diverted or Unaccounted For Is Double Jeopardy For Nigerians

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly probe the allegations that $3.4 billion loan obtained from the International Monetary Fund (IMF) is missing, diverted or unaccounted for.” READ MORE https://matrixngr.com/2024/02/04/serap-charges-tinubu-to-probe-missing-3-4bn-imf-loan/

3. China Promises More Nigerian Products in Chinese Markets

The Chinese Ambassador to Nigeria, Cui Jianchun, has assured Nigeria of a robust China-Nigeria collaboration for Nigerian products and commodities to be made available in the Chinese market within the next five years. READ MORE https://matrixngr.com/2024/02/05/china-promises-more-nigerian-products-in-chinese-markets/

4. Grammy Award: Tyla Beats Asake, Burna Boy, Davido, To Win Best African Music Performance

South African singer, Tyla, on Sunday, has won the award for the Best African Music Performance category at the 2024 Grammys. READ MORE https://matrixngr.com/2024/02/05/grammy-award-tyla-beats-asake-burna-boy-davido-to-win-best-african-music-performance/

5. EPL: Arsenal Beat Liverpool To Close Gap At The Top As Chelsea Suffer Defeat At Home

Arsenal reduced Liverpool's lead at the top of the Premier League to two points after a deserved victory in a tense encounter at Emirates Stadium. READ MORE https://matrixngr.com/2024/02/05/epl-arsenal-beat-liverpool-to-close-gap-at-the-top-as-chelsea-suffer-defeat-at-home/

6. Flight Delays, Disruptions: NCAA To Sanction Errant Domestic Airline Operators

The era of arbitrary flight delays and disruptions may soon be over as the Nigeria Civil Aviation Authority (NCAA), on Sunday, threatened to sanction domestic airline operators over the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. READ MORE https://matrixngr.com/2024/02/05/flight-delays-disruptions-ncaa-to-sanction-errant-domestic-airline-operators/

7. TCN Breaks Silence, Says ‘Grid Fully Restored’ After Blackout, Laments Gas Constraints

The Transmission Company of Nigeria (TCN) has finally reacted to the reports of the latest collapse of the national grid that has thrown Nigerians into darkness. READ MORE https://matrixngr.com/2024/02/05/tcn-breaks-silence-says-grid-fully-restored-after-blackout-laments-gas-constraints/

8. Shell to provide Dangote Fertilizer facility with 100 million cubic feet of gas per day.

Plans to provide the Dangote Fertilizer and Petrochemical Plant in Lekki, Lagos State, with 100 million standard cubic feet of gas per day have been finalized by the Shell Petroleum Development Company (SPDC). READ MORE https://matrixngr.com/2024/02/04/shell-to-provide-dangote-fertilizer-facility-with-100-million-cubic-feet-of-gas-per-day/

9. FirstBank clinches the Prestigious Corporate Bank Award at the 2023 Euromoney awards 

At the recent annual Euromoney Awards for Excellence, Nigeria 2023, FirstBank—Nigeria's leading financial institution and supplier of financial inclusion services—was named the Best Corporate Bank. READ MORE https://matrixngr.com/2024/02/04/firstbank-clinches-the-prestigious-corporate-bank-award-at-the-2023-euromoney-awards/

10. Oyebanji Hails Tinubu Over Release Of Abducted Ekiti Pupils, Teachers As Kidnappers Kill, Burn Driver

Following the release of the pupils and teachers of the Apostolic Faith Montessori School in Emure Ekiti kidnapped on January 29, 2024 on Sunday, Ekiti State Governor, Biodun Oyebanji has lauded President Bola Tinubu for his support that led to the timely rescue of the victims. READ MORE https://matrixngr.com/2024/02/04/oyebanji-hails-tinubu-over-release-of-abducted-ekiti-pupils-teachers-as-kidnappers-kill-burn-driver/

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

1. Drama ,Intrigue As INEC Conducts Bye and Rerun Elections

* APC Candidate, Fuad Laguda Replaces Gbajabiamila In House Of Rep
* CAN Clears Rumour Of Pressuring SDP Candidate To Step Down In Taraba
* INEC Postpones Elections In 18 Polling Units After Staff Held Hostage in Plateau
* Elections Sspended  In Enugu, Kano, Akwa Ibom Constituencies[
It was an endless drama in different parts of Nigeria as bye and rerun election held. The states involved were slightly volatile but there were much intrigues involved. READ MORE: https://matrixngr.com/2024/02/03/drama-intrigue-as-inec-conducts-bye-and-rerun-elections/

2. Ribadu Puts Embargo On Wearing of Camouflage Uniforms

* Bans NSCDC, Immigration, Prison Service 

Federal Ministry of Interior has been instructed by Nuhu Ribadu, the National Security Adviser (NSA), to promptly remove all camouflage uniforms from security and law enforcement institutions that fall under its purview. READ MORE https://matrixngr.com/2024/02/03/ribadu-puts-embargo-on-wearing-of-camouflage-uniforms/

3. PDP Appoints Toyese as National Vice Chair South-West

The National Working Committee of the Peoples Democratic Party has unanimously appointed Ajisafe Toyese from Osun State as the party’s National Vice Chairman for South-West. READ MORE https://matrixngr.com/2024/02/03/pdp-appoints-toyese-as-national-vice-chair-south-west/

4. AFCON 2023: 10-man Ivory Coast defeat Mali 2-1 

Ivory Coast won Mali with 9-man to qualify for the semi final for the on going   CAF AFCON 2023 in Ivory Coast. READ MORE https://matrixngr.com/2024/02/03/caf-afcon-2023-10-man-ivory-coast-defeat-mali-2-1/

5. Anyone Who Attempts to Interfere With Nigeria’s Traditional Rulers will Not Find Peace-Adeboye

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), has said that those responsible for the kidnapping and killing of traditional rulers in the country will face the  wrath of God. READ MORE https://matrixngr.com/2024/02/03/anyone-who-attempts-to-interfere-with-nigerias-traditional-rulers-will-not-find-peace-adeboye/

6. War In Osun Ruling Houses Over Traditional Ruler’s Stool

Osun State's Ekosin town's ruling house members have pleaded with governor Ademola Adeleke not to give Kasali Olagunju, the town's new Akosin, the Staff of Office. READ MORE https://matrixngr.com/2024/02/03/war-in-osun-ruling-houses-over-traditional-rulers-stool/

7. ISWAP Fighters Storm Borno Police Station, Kill Four Cops

Suspected terrorists thought to be militants from the Islamic State of West Africa Province stormed a police station in the Nganzai Local Government Area of Borno State, four officers are reported to have been murdered and a cache of munitions taken. READ MORE https://matrixngr.com/2024/02/03/iswap-fighters-storm-borno-police-station-kill-four-cops/

8. Tinubu Assures Youth On Students Loan

* Says Loan Will End Incidents Of Drop Outs 

The student loan program, according to President Bola Ahmed Tinubu, will successfully address the problem of impoverished students quitting school. READ MORE https://matrixngr.com/2024/02/03/tinubu-assures-youth-on-students-loan/

9. CBN Refute Plan To Convert $30bn Account To Naira

Adopts New Cash Reserve Requirement Structure
The Federal Government and Central Bank of Nigeria (CBN) has cleared the air on certain reports claiming that plans has been made  to swap foreign currency in depositors' domiciliary accounts for naira READ MORE https://matrixngr.com/2024/02/03/fg-cbn-refute-plan-to-convert-30bn-account-to-naira/

[b]10.  CBN Adopts New Cash Reserve Requirement Structure
[/b]On Saturday 03, February 2024, the Central Bank of Nigeria (CBN) announced a significant shift in its monetary policy by implementing a revamped Cash Reserve Requirement (CRR) mechanism. This move brings an end to the practice of daily CRR debits, according to a communication from Adetona Adedeji, the Acting Director of the Banking Supervision Department. READ MORE https://matrixngr.com/2024/02/04/cbn-adopts-new-cash-reserve-requirement-structure/

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

1. It’s D’ Day As Nigeria Holds Bye-Elections, Rerun

* DSS Warns Politicians, Supporters To Adhere To Electoral Act Or….
* Tasks Contending Parties To Shun All Acts Capable Of Causing Breakdown Of Law And Order
* Elections Hold To Fill Vacant Positions Left By Gbajabiamila, Umahi, Geidam, Tunji-Ojo, Sununu, Others

It is D-Day in Nigeria as the country holds bye-election and re-run to fill some vacant positions in the Senate, House of Representatives, States House of Assemblies and others. READ MORE: https://matrixngr.com/2024/02/03/its-d-day-as-nigeria-holds-bye-elections-rerun/

2. Creatives In Nigeria To Benefit From $617m IDICE Fund, Says Minister Of Creative Economy

* FG Targets Over $1 Billion Growth In Creative Economy Upon Full Deployment

Creatives in Nigeria are set to benefit from a $617m Investment in Digital and Creative Enterprises (IDICE) fund in collaboration with the African Development Bank (AfDB). READ MORE https://matrixngr.com/2024/02/03/creatives-in-nigeria-to-benefit-from-617m-idice-fund-says-minister-of-creative-economy/

3. Why CBN Banned Banks, Fintechs From International Money Transfer Services

To enhance foreign exchange inflows, the Central Bank of Nigeria (CBN) has recently instituted a noteworthy measure by prohibiting banks and financial technology companies (fintechs) from participating in international money transfer services. The official guidelines, unveiled on January 31, 2024, signify a substantial transformation in the financial sector. READ MORE https://matrixngr.com/2024/02/03/why-cbn-banned-banks-fintechs-from-international-money-transfer-services/

4. Wedding Turn Bloody! Bandits Strike Wedding Procession, Kill 3, Abduct 55 Persons Escorting Bride In Katsina

In a case of a wedding turning bloody, a terrorist gang has attacked a wedding procession killing three local security details and abducting at least 55 persons escorting a bride to her matrimonial home along Damari town in Sabuwa Local Government Area of Katsina State. READ MORE https://matrixngr.com/2024/02/03/wedding-turn-bloody-bandits-strike-wedding-procession-kill-3-abduct-55-persons-escorting-bride-in-katsina/

5. New FCT CP Assumes Office, Declares End To Kidnapping, Banditry, Others

The newly appointed Commissioner of Police of the Federal Capital Territory, Benneth Igweh on Friday assumed office while pledging to tackle kidnapping, ‘one chance’ robbery, banditry, and other crimes in the seat of power. READ MORE https://matrixngr.com/2024/02/03/new-fct-cp-assumes-office-declares-end-to-kidnapping-banditry-others/

6. Aiyedatiwa Makes New Appointments, Names Six Commissioners, Three Special Advisers

Ondo State Governor Lucky Aiyedatiwa has made fresh appointments into his cabinet naming six commissioner nominees and three special advisers. READ MORE https://matrixngr.com/2024/02/02/aiyedatiwa-makes-new-appointments-names-six-commissioners-three-special-advisers/

7. Good News As Nwabali Is Cleared For Selection Against Angola

There is good news for the teeming Super Eagles fans as goalkeeper Stanley Nwabali has been declared fit and available for selection for Nigeria’s quarter-final Africa Cup of Nations (AFCON) clash with Angola. READ MORE https://matrixngr.com/2024/02/02/good-news-as-nwabali-is-cleared-for-selection-against-angola/

8. Terrorism Charges: ‘You Have A Case To Answer’ Court Tells Fubara’s CoS, Edison Ehie, Others

Justice Mobolaji Olajuwon of the Federal High Court, Abuja has refused to dismiss the terrorism charges brought against five loyalists of Governor Siminalayi Fubara of Rivers State chief of which is Hon Edison Ehie, the current Chief of Staff to the governor. READ MORE https://matrixngr.com/2024/02/02/terrorism-charges-you-have-a-case-to-answer-court-tells-fubaras-cos-edison-ehie-others/

9. Gunmen Kill Kwara Monarch, Abduct Wife, Two Others

The Olukoro of Koro in the Ekiti Local Government Area of Kwara State, Oba Peter Segun Aremu, has been kidnapped by gunmen suspected to be kidnappers. READ MORE https://matrixngr.com/2024/02/02/gunmen-kill-kwara-monarch-abduct-wife-two-others/

10. AFCON: Nigeria’s Super Eagles Defeat Angola 1-0, Awaits Cape Verde Or S’ Africa

Nigeria have qualified for the semi-final of the 2023 Africa Cup of Nations, thanks to a 1-0 win over Angola. READ MORE https://matrixngr.com/2024/02/02/afcon-nigerias-super-eagles-defeat-angola-1-0-awaits-cape-verde-or-s-africa/

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

1. Transfer Of Crude Oil Proceeds From NNPCL To CBN

* Atiku Spits Fire, Says FG’s ‘Action’ Is Illegal
* It’s An Arbitrary Order Capable Of Undermining Operational Independence Of NNPCL
* FG Must Respect Provisions Of Law And Allow NNPCL To Run As An Independent Company

While uncertainty and confusion continue to trail the alleged order given to the Nigerian National Petroleum Corporation (NNPC Limited) for the state oil company to transfer crude oil proceeds from the oil company to the Central Bank of Nigeria (CBN), fresh controversy has emerged on the case. READ MORE: https://matrixngr.com/2024/02/01/transfer-of-crude-oil-proceeds-from-nnpcl-to-cbn/

2. Bureau De Change Operators Laud CBN On Recent Reforms In Forex Market

* Urges CBN To Sustain Tempo By Revisiting Suspension Of BDCs Window In FX Market

The Association of Bureau De Change Operators of Nigeria (ABCON) has lauded the recent moves by the Central Bank of Nigeria (CBN) in removing the previous cap on exchange rates quoted by International Money Transfer Operators (IMTOs) and circular to banks on hoarding and Net Open Position, saying those moves have begun to impact the forex market positively already. READ MORE: https://matrixngr.com/2024/02/01/bureau-de-change-operators-laud-cbn-on-recent-reforms-in-forex-market/

3. Akpabio Pleads with Germany to Halt Deportation of 12,000 Nigerians, Citing Increased Security Risks

Senator Godswill Akpabio, the President of the Senate, has urged the German government to reconsider its decision to deport around 12,000 illegal migrants to Nigeria. Expressing apprehension, Akpabio emphasized that such deportations could exacerbate security challenges in Nigeria. This appeal was conveyed during a courtesy visit by the German Ambassador to Nigeria, Annette Gunther, held in Abuja on Wednesday. READ MORE: https://matrixngr.com/2024/02/02/akpabio-pleads-with-germany-to-halt-deportation-of-12000-nigerians-citing-increased-security-risks/

4. From Inability To Pay Tuition Fee, African AI, Jadro Lita Bags N200m Contract  

In a case of impossibility is nothing, Amadou Elizabeth Aminata, popularly known as Jadro Lita, a fast-rising TikTok sensation and social media influencer from Nigeria dubbed the African AI has moved from penury to bagging a lucrative N200 million contract to serve as the face of a Chinese robotics company. READ MORE: https://matrixngr.com/2024/02/01/from-inability-to-pay-tuition-fee-african-ai-jadro-lita-bags-n200m-contract/

5. Thrills, Frills As AFCON 2023 Quarterfinals Get Underway In Cote D’ Ivoire

As Elephants rise and Lions fall, the 2023 Africa Cup Of Nation AFCON enters the Quarter Final stage with mouth-watering ties coming up. READ MORE: https://matrixngr.com/2024/02/01/thrills-frills-as-afcon-2023-quarterfinals-get-underway-in-cote-d-ivoire/

6. ‘My Loyalty Will Be Total’, Adelami Promises Aiyedatiwa After Assuming Office As Ondo Deputy Gov

Ondo State Deputy Governor, Okayide Owolabi Adelami has promised Governor Lucky Aiyedatiwa that his loyalty to him will be total. READ MORE: https://matrixngr.com/2024/02/01/my-loyalty-will-be-total-adelami-promises-aiyedatiwa-after-assuming-office-as-ondo-deputy-gov/

7. Despite Multiple Assurances, Student Loan Scheme Fails To Take Off In January

Despite several assurances by Mr. Akintunde Sawyerr, Executive Secretary of Nigeria Education Loan Fund, NELFUND, Minister of State for Education, Dr Yusuf Sununu and the Presidency that the scheme will take off by January, checks by The Matrix has shown that the scheme is yet to take-off as the website is still unopened. READ MORE: https://matrixngr.com/2024/02/01/despite-multiple-assurances-student-loan-scheme-fails-to-take-off-in-january/

8. Umahi Expresses Joy As Tinubu Releases Funds For Abuja-Kaduna-Kano Road, 2nd Niger Bridge Bypasses, Others

The Minister of Works, David Umahi has said he feels like a baby because President Bola Tinubu has mandated the release of funds to resume construction on specific sections of the Abuja-Kaduna-Kano road project, the Second Niger Bridge bypasses, and other critical highways. READ MORE: https://matrixngr.com/2024/02/01/umahi-expresses-joy-as-tinubu-releases-funds-for-abuja-kaduna-kano-road-2nd-niger-bridge-bypasses-others/

9. FG Vows Stringent Action Against Illegal Miners

The Federal Government has vowed to implement stringent actions against illegal miners in the country if they fail to strictly adhere to proper licensing procedures before commencing operation. READ MORE: https://matrixngr.com/2024/02/01/fg-vows-stringent-action-against-illegal-miners/

10. 4 Months After Effah-Attoe’s Death, PDP Appoints Arong As National Woman Leader

After Stella Effah-Attoe passed away four months ago, the Peoples Democratic Party (PDP) named Amina Divine Arong as the new National Woman Leader of the organization. READ MORE: https://matrixngr.com/2024/02/01/4-months-after-effah-attoes-death-pdp-appoints-arong-as-national-woman-leader/

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

1. Relocation Of FAAN To Lagos

* Amid Mounting Oppositions, FG Says No Going Back
* Reveals How Move Will Save Nigeria N500m
* Only Directors Are In Abuja, Support Staffers Are In Lagos
* Gives Update On Botched Nigeria Air Deal

Amid growing opposition and outrage, the Federal Government of Nigeria has stated that there is no going back on the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. READ MORE: https://matrixngr.com/2024/02/01/relocation-of-faan-to-lagos/

2. CBN Goes Tough On FX Speculators, Hoarders

* Orders Banks to Sell Excess Dollars in 24 hour
* Banks May Sell Over $5bn, Says Official

A top bank executive, who spoke on condition of anonymity, said the new circular would force banks to sell off excess dollar liquidity exceeding $5bn READ MORE: https://matrixngr.com/2024/02/01/cbn-goes-tough-on-fx-speculators-hoarders/

3. Nigeria’s Inflation Rate to Drop to 23% In 2024, 15.5% in 2025 – IMF

The International Monetary Fund (IMF) foresees a decline in Nigeria's inflation rate, projecting it to be 23 percent in 2024 and further dropping to 15.5 percent in 2025. This revelation came from Daniel Leigh, the Division Chief of the Research Department at the IMF, during the press conference on the World Economic Outlook (WEO) update held on Tuesday. READ MORE: https://matrixngr.com/2024/02/01/nigerias-inflation-rate-to-drop-to-23-in-2024-15-5-in-2025-imf/

4. YouTube Removes TB Joshua’s Emmanuel TV Channel Over BBC Documentary

Leading video and streaming platform, YouTube has removed Synagogue Church of All Nation, SCOAN main channel, Emmanuel TV from its platform following sexual and assault allegations against the founder of the church Prophet TB Joshua. READ MORE: https://matrixngr.com/2024/02/01/youtube-removes-tb-joshuas-emmanuel-tv-channel-over-bbc-documentary/

5. We Uncovered Religious Body Laundering Money For Terrorists-EFCC

Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has disclosed that the anti-graft agency has uncovered a religious sect laundering money for terrorists. READ MORE: https://matrixngr.com/2024/02/01/we-uncovered-religious-body-laundering-money-for-terrorists-efcc/

6. AFCON 2023: Calvin Bassey named in Round of 16 Best X1

Super Eagles defender, Calvin Bassey has been included in the Best X1 for the Round of 16 of the 2023 Africa Cup of Nations. READ MORE: https://matrixngr.com/2024/01/31/afcon-2023-calvin-bassey-named-in-round-of-16-best-x1/

7. Court Orders Arrest Of Fubara’s CoS, Five Others
[/b]Justice Emeka Nwite of a Federal High Court, Abuja, has ordered the arrest of the Chief of Staff (CoS) to the Rivers State Governor, Hon Edison Ehie and five others over his alleged involvement in the burning of the State House of Assembly. READ MORE: https://matrixngr.com/2024/01/31/court-orders-arrest-of-fubaras-cos-five-others/
[b]8. Falana Hits FG, 36 States, Others With Suit Over Out-Of-School Children, Seeks Compulsory Free Education For Every Nigerian Child

Femi Falana, a Senior Advocate of Nigeria, and Hauwa Mustapha, an expert in early childhood education, have sued the Federal Government (through the Attorney General of the Federation), the Minister of Education, the Universal Basic Education Commission (UBEC), and other parties on their own behalf and on behalf of the Alliance on Surviving COVID-19 and Beyond. READ MORE: https://matrixngr.com/2024/01/31/falana-hit-fg-36-states-others-with-suit-over-out-of-school-children-seeks-compulsory-free-education-for-every-nigerian-child/

9. Naira Free Fall: Senate Summons CBN Governor

The Senate,  through its committee on Banking, Insurance and other Financial Institutions has  summoned the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso to appear before it on Tuesday. READ MORE: https://matrixngr.com/2024/01/31/naira-free-fallsenate-summons-cbn-governor/

10. Jennifer Eliogu: Shuffling Between Acting, Singing For 25 Years

Actress Jennifer Eliogu has worked in Nollywood for more than 25 years. Furthermore, she possesses an 11-year-old singing skill in her kitty which has further cemented and distinguished her in the entertainment business. READ MORE: https://matrixngr.com/2024/01/31/jennifer-eliogu-shuffling-between-acting-singing-for-25-years/

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

1. Naira’s Free Fall: Moghalu Speaks

Blames Naira’s Decline On Over Dependence On Crude Oil, Lack Of Export Activities
Bemoans Failure To Diversify Economy Away From Reliance On Natural Resources For FX Supply
Says Nigerian Economic Challenges Require Extraordinary Political Will

Former Deputy Governor of the Central Bank of Nigeria (CBN) Kingsley Moghalu has blamed the poor performance of Nigeria's ailing currency, the naira, on over dependence on revenue from crude oil sales, lack of exporting activities and the under development of the manufacturing sector. READ MORE: https://matrixngr.com/2024/01/26/nairas-free-fall-moghalu-speaks/

2. Police Reveal How Mr Ibu’s Son, Adopted Daughter Stole Over N55m From Actor

Performed Shambolic Wedding, Planned To Escape To UK

The police in Lagos have revealed how Onyeabuchi, the son of actor John ‘Mr Ibu’ Okafor, and Jasmine Okekeagwu, his adopted daughter, conspired to steal over N55m donated for the actor’s hospital treatment. READ MORE: https://matrixngr.com/2024/01/26/police-reveal-how-mr-ibus-son-adopted-daughter-stole-over-n55m-from-actor/

3. NEITI to Unveil 2022/2023 Oil, Gas, Solid Minerals Reports September- Official

The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will unveil its 2022/2023 reports on oil, gas and solid minerals industries on Sept. 24. READ MORE: https://matrixngr.com/2024/01/26/neiti-to-unveil-2022-2023-oil-gas-solid-minerals-reports-september-official/

4. PDP Calls For Immediate Rescue Of Abducted Lagos State Chairman, Aivoji, Others

The Lagos State Chapter of the Peoples Democratic Party, PDP, has called on security agencies and government authorities to intervene promptly and secure the release of its abducted chairman, Philip Aivoji. READ MORE: https://matrixngr.com/2024/01/26/pdp-calls-for-immediate-rescue-of-abducted-lagos-state-chairman-aivoji-others/

5. NGX Unveils Plans To Review Listing Rules To Attract Diverse Businesses

In a bid to attract a more diverse array of businesses to the Nigerian equities market, the Nigerian Exchange Group has unveiled plans to review its listing rules with the aim of aligning them with global markets such as London Stock Exchange. READ MORE: https://matrixngr.com/2024/01/26/ngx-unveils-plans-to-review-listing-rules-to-attract-diverse-businesses/

6. AFCON 2023: Round Of 16 Gets Underway Tomorrow, Nigeria, Senegal, Egypt, Others Tipped To Progress

The Round of 16 of the ongoing Africa Cup of Nations in Ivory Coast will get underway tomorrow.

Nigeria, Egypt, Senegal, Angola, Equatorial Guinea, Cape Verde, Mali and Morocco are all tipped to go through. READ MORE: https://matrixngr.com/2024/01/26/afcon-2023-round-of-16-gets-underway-tomorrow-nigeria-senegal-egypt-others-tipped-to-progress/

7. Akpabio Warns Nigerians Against Fake Senate Loan Scam Online

Senate President Godswill Akpabio has warned Nigerians against falling victims of a fraudulent online loan application circulating on various social media platforms. READ MORE: https://matrixngr.com/2024/01/26/akpabio-warns-nigerians-against-fake-senate-loan-scam-online/

8. King Charles III Hospitalised, To Undergo Prostate Surgery

King Charles III was on Friday admitted to a London hospital for scheduled surgery to treat an enlarged prostate, Buckingham Palace has disclosed. READ MORE: https://matrixngr.com/2024/01/26/king-charles-iii-hospitalised-to-undergo-prostate-surgery/

9. Sanwo-Olu Unveils Plan To Float Commercial Airline For Lagos State

The Lagos State governor, Babajide Sanwo-Olu, has unveiled plans by the state to float a commercial airline. READ MORE: https://matrixngr.com/2024/01/26/sanwo-olu-unveils-plan-to-float-commercial-airline-for-lagos-state/

10. Popular Lagos Cleric, Pastor Feyi Daniels Bags Life Imprisonment For Raping Church Member

Popular Lagos Cleric and founder of iReign Christian Ministry, Feyi Daniels is to spend the rest of his life in prison for “raping a church member”. READ MORE: https://matrixngr.com/2024/01/26/popular-lagos-cleric-pastor-feyi-daniels-bags-life-imprisonment-for-raping-church-member/

Check out today's exhcange rate on Matrix Live
https://matrixngr.com/2024/01/26/todays-currencies-exchange-rates-26-january-2024/

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



[b]1. Outrage Trails Fresh Killings In Plateau
[/b]
* NASS To Organise Security Summit To Adress Menace
* Atiku Charges Security Agencies To Exhibit Higher Degree Of Proactiveness
* DHQ Reveals Factors Fuelling Issue
* Gov Muftwang Calls For Calm, Warns Against Reprisal Attacks

The latest spate of killing in Plateau State has drawn widespread outrage and condemnation from several quarters. READ MORE: https://matrixngr.com/2024/01/26/outrage-trails-fresh-killings-in-plateau/

2. Customs Records Massive Illicit Hard Drugs Seizure Worth N4.2bn

* Hands Over Seized Drugs To NDLEA, Hails Synergy Between Both Agencies

The Nigeria Customs Service (NCS), has recorded a massive seizure of illicit drugs worth N4.2bn at the Ports and Cargo Terminal of Tin Can Island Port in Lagos and has handed over the seizure to the National Drug Law Enforcement Agency (NDLEA). READ MORE: https://matrixngr.com/2024/01/25/customs-records-massive-illicit-hard-drugs-seizure-worth-n4-2bn/

3. It's Official! Ondo Assembly Confirms Adelami As Aiyedatiwa’s Deputy

Ondo State House of Assembly has screened and ratified a former Deputy Clerk of the National Assembly, Olayide Adelami, as the Deputy Governor of the state. READ MORE: https://matrixngr.com/2024/01/25/its-official-ondo-assembly-confirms-adelami-as-aiyedatiwas-deputy/

4. Supreme Court’s Victory: Fubara Thanks Wike As Tonye Cole Pledges To Work With Govt

Following the ruling of the Supreme Court which affirmed Gov Siminalayi Fubara as the duly elected governor of the state, the governor has expressed his gratitude to his predecessor, Nyesom Wike for his support. READ MORE: https://matrixngr.com/2024/01/26/supreme-courts-victory-fubara-thanks-wike-as-tonye-cole-pledges-to-work-with-govt/

5. Removal of Subsidy Boosts 2023 FAAC Disbursement by 29%

Disbursement from the Federal Accounts Allocation Committee (FAAC)  in 2023 to the federal government, states, and local government soared to an impressive N15.1 trillion, marking a substantial 29.05% surge compared to the previous year's figure of 2022. READ MORE: https://matrixngr.com/2024/01/26/removal-of-subsidy-boosts-2023-faac-disbursement-by-29/

6. Minister Tells S’Eagles Players:  ‘Tinubu Not Impressed With Your Performance’

In order for the Super Eagles to advance farther in the present Africa Cup of Nations in Cote d'Ivoire, President Bola Tinubu has challenged them to play better. READ MORE: https://matrixngr.com/2024/01/25/minister-tells-seagles-players-tinubu-not-impressed-with-your-performance/

7. Sanwo-Olu Reveals Commencement Date for Fourth Mainland Bridge Construction

Lagos state governor, Babajide Sanwo-Olu, has said that the long-awaited commencement of the construction of the Fourth Mainland Bridge would begin in  March/April ending this year. READ MORE: https://matrixngr.com/2024/01/25/sanwo-olu-reveals-commencement-date-for-fourth-mainland-bridge-construction/

8. Why there is Low Power Generation In The Grid- TCN

Due to gas restrictions for the thermal producing businesses, the Transmission Company of Nigeria (TCN) has declared a steady reduction in power generation into the grid. READ MORE: https://matrixngr.com/2024/01/25/why-there-is-low-power-generation-in-the-grid-tcn/

9. Shaibu Talks Tough, Says ‘I Cannot Be Intimidated Out Of Edo Governorship Race’

The Edo State Deputy Governor, Philip Shaibu in a veiled message to his principal, Gov Godwin Obaseki has boasted that he cannot be intimidated out of the September 21 governorship election in the state. READ MORE: https://matrixngr.com/2024/01/25/shaibu-talks-tough-says-i-cannot-be-intimidated-out-of-edo-governorship-race/

10. 2024 Billboard Women: Tems On Verge Of History

Temilade Openiyi, better known by her stage name Tems, is a Grammy-winning Nigerian singer-songwriter who is set to create history at the 2024 Billboard Women In Music Event. READ MORE: https://matrixngr.com/2024/01/25/2024-billboard-women-tems-on-verge-of-history/

Check out tody's Currencies exchange rate via link below:
https://matrixngr.com/2024/01/25/todays-currencies-exchange-rates-25-january-2024/

Nigeria’s commercial capital, Lagos, has been ranked as the 19th best city to visit in the world.

The ranking was published by Time Out, a British media and hospitality company that publishes guides and magazines.

In a publication released on Wednesday, New York City, United States, emerged as the best city for visitation

Lagos, which was 19th in the world, appeared behind Cape Town as number two in Africa.

It beat the likes of Beijing (China), Sydney (Australia), Dubai (United Arab Emirates) and other attractive cities.

Read Also: https://matrixngr.com/2024/01/24/no-plan-to-move-fct-to-lagos-presidency/

Below is the full list of the 50 best cities to visit in the world:
1. New York City, United States
2. Cape Town, South Africa
3. Berlin, Germany
4. London, United Kingdom
5. Madrid, Spain
6. Mexico City, Mexico
7. Liverpool, UK.
8. Tokyo, Japan
9. Rome, Italy
10. Porto, Portugal
11. Paris, France

Read Also: https://matrixngr.com/2024/01/23/lagos-plastic-ban-smes-will-feel-financial-burden-u-s-nigeria-trade-council/

12. Mumbai, India
13. Lisbon, Portugal
14. Chicago, US
15. Manchester, UK
16. São Paulo, Brazil
17. Los Angeles, US
18. Amsterdam, The Netherlands
19. Lagos, Nigeria
20. Melbourne, Australia
21. Naples, Italy
22. Singapore
23. Miami, US
24. Bangkok, Thailand
25. Lima, Peru
26. Budapest, Hungary
27. Beijing, China
28. Dubai, United Arab Emirates
29. Montreal, Canada
30. Glasgow, UK
31. Sydney, Australia
32. Bueno Aires, Argentina
33. Kuala Lumpur, Malaysia
34. Manila, Philippines
35. Seoul, South Korea
36. Hanoi, Vietnam
37. San Francisco, US
38. Barcelona, Spain
39. Abu Dhabi, UAE

Read Also: https://matrixngr.com/2024/01/24/outrage-still-trails-fgs-plan-to-relocate-departments-of-cbn-faan-to-lagos/

40. New Orleans, US
41. Philadelphia, US
42. Austin, US
43. Boston, US
44. Accra, Ghana
45. Marseille, France
46. Taipei, Taiwan
47. Istanbul, Turkey
48. Osaka, Japan
49. Hong Kong, China
50. Vancouver, Canada

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

1. Cardoso Unveils Plans For Naira

* Says CBN Working Towards Genuine Price Discovery
* Nigerians To Buy Fuel At Cheaper Price After Three Refinery Begins Working
* Moves To Rein-In Inflation At Above 21% In 2024

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has unveiled plans to ensure that the domestic currency attains true price discovery in 2024. READ MORE https://matrixngr.com/2024/01/25/cardoso-unveils-plans-for-naira/

2. FIRS Sets N19.41trillion Revenue Target For 2024

*  Surpasses 2023 Projections By N816b

The Federal Inland Revenue Service (FIRS) has set a revenue target of N19.41 trillion for itself in 2024. This target represents a significant increase of 56.91% from the previous year’s actual of N12.37 trillion and 67.91% from the previous year’s target of N11.56tr. READ MORE: https://matrixngr.com/2024/01/25/firs-sets-n19-41trillion-revenue-target-for-2024/

3. Tinubu Advocates for G20 and UN Security Council Seats from US, Emphasizing African Priorities

In a strategic move to enhance its international influence, Nigeria graciously extended support to the United States in its pursuit of an enhanced role within the G20 and a non-permanent seat on the United Nations Security Council. President Bola Tinubu warmly conveyed this commitment during a bilateral meeting on Tuesday with US Secretary of State Antony Blinken in the vibrant Nigerian capital. READ MORE: https://matrixngr.com/2024/01/25/tinubu-advocates-for-g20-and-un-security-council-seats-from-us-emphasizing-african-priorities/

4. Ondo Assembly To Screen Aiyedatiwa Deputy Governor Nominee, Adelami Today

Following the nomination of Olayide Owolabi Adelami by Governor Lucky Aiyedatiwa as Deputy Governor of Ondo State, the state’s House of Assembly will today, Thursday, January 25, 2024 screened him. READ MORE: https://matrixngr.com/2024/01/25/ondo-assembly-to-screen-aiyedatiwa-deputy-governor-nominee-adelami-today/

5. Tinubu Jets Out To France On Private Visit

President Bola Tinubu has jetted out to Paris, France, on a private visit, according to the Presidency. READ MORE: https://matrixngr.com/2024/01/24/tinubu-on-private-voyage-to-france/

6. Non-Muslims Can Now Drink Alcohol In Saudi Arabia

Saudi Arabia plans to allow the sale of alcohol to non-Muslim diplomats for the first time, two sources familiar with the plan told AFP on Wednesday. READ MORE: https://matrixngr.com/2024/01/24/non-muslims-can-now-drink-alcohol-in-saudi-arabia/

7. Omah Lay Responds To His 'Depressing' Songs

The Nigerian musician Stanley Omah Didia, better known by his stage name Omah Lay, has responded to admirers who have labeled his sound as "Afro-depression." READ MORE: https://matrixngr.com/2024/01/24/omah-lay-responds-to-his-depressing-songs/

8. No Plan to Move  FCT to Lagos – Presidency

Bayo Onanuga, the Special Adviser to President Tinubu on Information and Strategy, clarified that there is no intention to relocate the federal capital from Abuja to Lagos, contrary to recent controversies surrounding moves by the CBN and FAAN to shift their departments to Lagos. Onanuga argued that the misconceptions stem from a misrepresentation of the situation and are fueled by dishonest, ethnic, and regional interests. READ MORE: https://matrixngr.com/2024/01/24/no-plan-to-move-fct-to-lagos-presidency/

9. Anambra Former Gov, Obiano, Pleads Not Guilty To N4 Billion Fraud

On Wednesday, Willie Obiano, a former governor of Anambra State, appeared in court and entered a not guilty plea to nine money laundering allegations filed against him by the Economic and Financial Crimes Commission (EFCC). READ MORE: https://matrixngr.com/2024/01/24/anambra-former-gov-obiano-pleads-not-guilty-to-n4-billion-fraud/

10. Africa Cup of Nations R16 Fixtures With Time, Date (FULL LIST)

Africa Cup of Nations last-16 pairings in the Ivory Coast (all times GMT): READ MORE: https://matrixngr.com/2024/01/25/africa-cup-of-nations-r16-fixtures-with-time-date-full-list/

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

1. Blinken’s Visit

American, Nigerian Tech Companies Will Partner To Deliver Tinubu’s 1m Digital Jobs Initiative
Nigeria Offers Real Opportunities For Investors, But Long-Term Challenges To Unlock Its Full Potentials Persist
US Will Continue To Support Nigeria To Cushion Effects Of Tinubu’s Reforms
Pledges $45m In Additional Financing To Help Fight Conflict, Bring Stability To Coastal West Africa

The big brother role of the United States was again brought to the fore as Anthony Blinken, the US Secretary of State has unveiled the world's super power packages for Nigeria. READ MORE: https://matrixngr.com/2024/01/24/blinkens-visit/

2. Outrage Still Trails FG’s Plan To Relocate Departments Of CBN, FAAN To Lagos

There Will Be Political Consequences If Tinubu Fails To Reverse It-Bdume Threatens

The planned relocation of some departments of the Central Bank of Nigeria (CBN) and the Federal Airport Authority of Nigeria (FAAN) from Abuja to Lagos is still generating heated debates in the country. READ MORE: https://matrixngr.com/2024/01/24/outrage-still-trails-fgs-plan-to-relocate-departments-of-cbn-faan-to-lagos/

3. NIMASA, Dangote Refinery Unveil Committee to Tackle Operational Concerns

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Dangote Refinery have set up a special committee to address the operational concerns of the refinery. READ MORE: https://matrixngr.com/2024/01/24/nimasa-dangote-refinery-unveil-committee-to-tackle-operational-concerns/

4. Rhodes-Vivour Pays Wife’s £778 Debt To Chika Jones, Says It’s An Exception

The Lagos State governorship candidate for Labour Party in the 2023 elections, Gbadebo Rhodes-Vivour, has finally paid the debt owed by his wife, Ify Aniebo, to popular Nigerian poet and writer, Chika Jones READ MORE: https://matrixngr.com/2024/01/24/rhodes-vivour-pays-wifes-778-debt-to-chika-jones-says-its-an-exception/

5. FAAC Disburses N1.1trn December Allocation To FG, States, LGs

The three-tier of government in Nigeria, Federal, States and LGAs have shared the sum of N1.12 trillion as December 2023 allocation, the Federation Account Allocation Committee (FAAC) has disclosed. READ MORE: https://matrixngr.com/2024/01/24/faac-disburses-n1-1trn-december-allocation-to-fg-states-lgs/

6. AFCON 2023: Nigeria To Lock Horns With Cameroon In Round Of 16

The Super Eagles of Nigeria will square off against the Indomitable Lions of Cameroon in the round of 16 of the Africa Cup of Nations(AFCON) come Saturday at the Stade Félix Houphouët Boigny. READ MORE: https://matrixngr.com/2024/01/23/afcon-2023-nigeria-to-lock-horns-with-cameroon-in-round-of-16/

7. Alleged N4bn Fraud: Obiano In EFCC’s Custody Ahead Of Arraignment Today

Reports have emerged that Willie Obiano, the former governor of Anambra State, is in the custody of the Economic and Financial Crimes Commission, EFCC, at its headquarters in Abuja ahead of his arraignment before a Federal High Court on January 24, 2024 in Abuja. READ MORE: https://matrixngr.com/2024/01/23/efcc-to-arraign-obiano-over-alleged-n4bn-fraud-in-abuja-on-wednesday/

8. How Strengthen The Value Of Naira- Economists

Analysts suggest that boosting crude oil production for export earnings is vital to fortifying the value of the Nigerian naira. Persistent pressure on the currency stems from diminished inflows from oil sales, remittances, and foreign capital. READ MORE: https://matrixngr.com/2024/01/24/how-to-strengthen-the-value-of-naira-economists/

9. IGP Orders Posting of 54 ACPs, Urges Intelligence-Base Combact Of Crime

Assistant Commissioners of Police (ACPs) will be assigned to lead the Force's intelligence division at the zonal and state command levels across the country, per an order from Inspector-General of Police (IGP) Kayode Egbetokun.
According to the IGP, the move aims to elevate the Police Force's intelligence division even further. READ MORE: https://matrixngr.com/2024/01/23/igp-orders-posting-of-54-acps-urges-intelligence-base-combact-of-crime/

10. Veteran Musician, Kollington Ayinla In Critical Condition

According to people close to the performer, his health recently deteriorated to the point that oxygen support was required.
Kolawole Rasaq Ilori, better known as Kollington Ayinla, is a Nigerian Fuji icon who is supposedly fighting for his life. READ MORE: https://matrixngr.com/2024/01/23/breaking-veteran-musician-kollington-ayinla-in-critical-condition/