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Naira sinks to 375/dollar at the parallel market, economists seek policy change




Oyetunji Abioye, (Punch) - They spoke against the backdrop of the persistent fall of the naira against the dollar, with the local currency exchanging for 375 against the greenback at the parallel market on Wednesday; the imminent economic recession; and the spike in inflation to 16.5% in June.

 

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Super Eagles Job: NFF names Yusuf as Le Guen's replacement




Staff, (Vanguard) - The Executive Committee of the Nigeria Football Federation (NFF) has named Salisu Yusuf as the new Super Eagles Head Coach following Frenchman Paul Le Guen's rejection of the job.

No more dismissal of corruption cases without trial - Chief Justice of Nigeria (CJN)




Ade Adesomoju, (Punch) - President Muhammadu Buhari, the Chief Justice of Nigeria, Justice Mahmud Mohammed, and other stakeholders, on Monday jointly spoke against corruption and identified the roles of the judiciary and other institutions in the fight against the scourge in the country.

Former IGP, Solomon Arase, left with 24 police vehicles -Acting IG, Ibrahim Idris




Adelani Adepegba, (Punch) - The acting Inspector-General of Police, Ibrahim Idris, says his predecessor, Solomon Arase, went away with 24 police vehicles while the seven Deputy Inspectors-General of Police, who retired alongside him, also carted away between seven and eight cars each.

My Russia sex story, by Pastor Sunday Adelaja




Staff, (Vanguard) - Pastor Sunday Adelaja, a Nigerian, is the founder of the Embassy of God Church in Ukraine, one of the biggest churches in Eastern Europe. Adelaja, in this interview, speaks on the many controversies dogging him, including the most recent one alleging he had sexual relationship with 20 women in Russia.

Arms scandal: Buhari orders probe of Ihejirika, Minimah, 52 others (LIST)




Everest Amaefule, (Punch) - The two generals are among 54 persons to be investigated for their roles in the arms scandals that saw billions of dollars meant for the procurement of arms for the Nigerian military for the prosecution of the war against Boko Haram diverted to private pockets.

Naira tumbles to 360 as dollar supply dries up




Oyetunji Abioye, (Punch) - The naira has been experiencing high volatility since the beginning of the week, as supply gap at the interbank forex market continues to weigh on the parallel market.

Sex scandal: US envoy to present video evidence against the three members of the House of Reps




Staff, (Vanguard) - U.S. Ambassador to Nigeria, James Entwistle, is to present video evidence against the three members of the House of Reps on Thursday when Ossai Ossai Committee assigned to probe the alleged sex misconduct involving the trio begins open public hearing.

Wanted Boko Haram chieftain, five others arrested in Lagos




Staff, (Guardian) - A senior member of the Boko Haram sect, on the wanted list of the military has been arrested in a Lagos church (names withheld) by a local vigilante group (civilian JTF) at the weekend. Also arrested were five other suspects, picked up at different spots in the state.