Nigerian Newspapers: Top 10 Things You Need to Know Today, Monday Morning, November 25, 2024
Start your Monday morning with a quick roundup of the top stories making headlines in Nigerian newspapers. From significant political developments to crucial economic updates, here’s everything you need to stay informed as you begin your week. Let’s dive into the key news you shouldn’t miss today.
10 latest news stories from Nigeria today:
Here’s the updated list with more details:
- Dangote Refinery Cuts Petrol Prices: The Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS) to ₦970 per litre for marketers. This price cut is a reduction from the previous ₦990 ex-depot price announced earlier this month.
- Forex Market Update: Nigeria’s forex market remains unstable despite measures by the Central Bank of Nigeria. Fitch Ratings has stated that the market is still facing challenges despite the introduction of an electronic FX matching platform and an increase in the monetary policy rate.
- Foreign Exchange Inflows: Forex inflows into Nigeria have increased by 57% over the past year, leading to some signs of stability in the Naira. This surge is attributed to official disbursements, remittances, portfolio inflows, and an improved trade balance.
- IMF Forecast: The International Monetary Fund (IMF) predicts a record fall in Nigeria’s foreign reserves to $24 billion in 2024. This forecast indicates potential forex challenges for Nigeria’s economy.
- National Grid Collapse: The Economic and Financial Crimes Commission (EFCC) has attributed frequent national grid collapses to substandard materials supplied by corrupt contractors in the power sector. The anti-graft agency emphasized that such conditions hinder infrastructural growth.
Dollar to Naira Exchange Rate Today, November 25 , 2024: Black Market and CBN Rates
- Governor Sworn In: Senator Monday Okpebholo has been sworn in as the governor of Edo State. He won the governorship election, defeating candidates from the Peoples Democratic Party (PDP) and the Labour Party.
- Ondo State Election: Vice President Kashim Shettima and other APC leaders will lead a rally in support of Governor Lucky Aiyedatiwa ahead of the upcoming election. The rally aims to garner support for the APC candidate.
- Truck Accident in Akwa Ibom: A truck accident in Etim Ekpo, Akwa Ibom State, has resulted in fatalities and injuries. The accident involved a truck carrying large consignments of flour that rammed into shops.
- Atiku Abubakar’s Call: Former Vice President Atiku Abubakar has urged PDP members in Ondo State to support the party’s candidate, Agboola Ajayi, ahead of the upcoming governorship election. Atiku emphasized the importance of unity within the party.
- President’s Return: President Bola Tinubu has returned to Abuja after attending a summit in Saudi Arabia. His return marks the conclusion of his participation in the extraordinary joint Arab-Islamic summit.
Stay tuned for the most relevant Naija news today
