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Friday Morning Brief: Top 10 Updates from Nigerian Newspapers

BusinessFriday Morning Brief: Top 10 Updates from Nigerian Newspapers

Nigerian Newspapers: 10 Things You Need to Know Friday Morning

1. President Tinubu Displeased with Organised Labour’s Approach

President Bola Tinubu expresses dissatisfaction with Organised Labour’s frequent strikes, citing four strikes within nine months as unacceptable.

1.1 The Rail Mass Transit Project

Inaugurates the first phase of the Lagos Rail Mass Transit (LRMT) Red Line project, aimed at improving transportation and logistics in Lagos State.

2. Enrollment of Vulnerable Pregnant Women in FHIS

The Minister of the Federal Capital Territory, Nyesom Wike, commences the enrollment of vulnerable pregnant women into the Federal Capital Territory Health Insurance Scheme (FHIS), ensuring they receive free safe delivery kits.

2.1 Initiatives for Maternal Health

Dolapo Fasawe, the Mandate Secretary of Health Services and Environment of the FCTA, announces the commencement during a flag-off ceremony in Abuja.

3. BUA Cement Plc’s Commitment to Lower Cement Prices

Kabir Rabiu, the Group Executive Director of BUA Cement Plc, reaffirms the company’s commitment to reducing cement prices, aiming to lower them from N9,000-N15,000 to N7,000-N8,000.

3.1 Cement Price Adjustment Criteria

Depends on the proximity of markets to cement plants, following discussions between cement manufacturers and the Federal Government.

4. Ban on Political Gatherings in Benue State

Governor Hyacinth Alia imposes a ban on political meetings/gatherings due to security concerns stemming from the presence of armed herders in the state.

4.1 Security Measures

The ban, announced by Paul Biam, Chief of Staff to the governor, aims to mitigate potential security risks.

5. Senate’s Call for Equitable Police Recruitment

The Senate urges the Police Service Commission (PSC) to recruit a minimum of 10 candidates from each of the 774 local government areas (LGAs) in Nigeria.

5.1 Inclusive Recruitment Practices

Senator Udende Memga (APC, Benue) proposes the motion during plenary, advocating for equitable representation in police recruitment.

6. Nigeria Customs Service Intercepts Fake Pharmaceuticals

The Nigeria Customs Service Area Controller, Oyo/Osun Area Command, announces the interception of fake pharmaceuticals with a Duty Paid Value of N1,739,000,000.00.

6.1 Efforts to Combat Counterfeit Drugs

Dr. Ben Oramalugo highlights the command’s efforts during a press conference held in Ibadan, Oyo State.

7. Progress in Clearing Foreign Exchange Backlogs

Governor of the Central Bank of Nigeria, Olayemi Cardoso, announces the successful clearance of foreign exchange backlogs in all banks except for five.

7.1 Economic Stability Measures

Cardoso assures investors during an investor call facilitated by the Nigerian Exchange Group, outlining plans to clear remaining FX backlogs.

8. Tragic Incident on Benin-Asaba Expressway

Chaos ensues on the Benin-Asaba Expressway as a stray bullet allegedly fired from a police gun results in the death of a resident.

8.1 Investigation into the Incident

The victim, yet to be identified, is fatally wounded in front of a PoS operator’s house, sparking concerns over police firearm safety protocols.

9. Arrest of Suspects in Possession of Ammunition

The Niger State Police Command apprehends four suspects in possession of 295 rounds of AK-47 rifle live ammunition.

9.1 Continued Efforts in Curbing Illegal Arms Trade

The Police Public Relations Officer, Wasiu Abiodun, announces the arrests and reveals details of the ammunition acquisition.

10. Presidential Directive on Cement Prices

President Bola Ahmed Tinubu instructs cement companies to revert to previous price levels.

10.1 Ministerial Confirmation

Minister of Works, Senator David Umahi, confirms the directive following an inspection of BUA cement factory in Sokoto.

These headlines offer a comprehensive overview of key developments from Nigerian Newspapers, providing insights into political, economic, and social affairs across the nation.

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