Happy morning! The summary from Nigerian Newspapers for today is as follows:
1. The Central Bank of Nigeria (CBN) increased the cash withdrawal limit directive 15 days after adopting the policy, allowing people to take up to N5 million for corporate entities beginning on January 9, 2023, and up to N500,000 every week for individuals.
2. Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), wrote to the House of Representatives to explain why he would not accept the invitation in person and stated that he is now attending to health difficulties outside of the nation. Wednesday’s plenary heard the Speaker, Femi Gbajabiamila, read the letter.
3. Professor Joseph Aibasu Kunini, the Speaker of the Taraba State House of Assembly, has resigned on personal grounds. His message to the MPs on Wednesday contained his resignation letter.
4. Kwara State Police Command anti-kidnapping agents have detained five alleged kidnappers. The five accused are members of two distinct kidnapping groups. Babagida Buguda, 30, a kingpin, Bashiru Yakuba, 35, and Mohammed Umaru, 26, are all members of the first gang.
5. Yesterday, Labour Party (LP) presidential candidate Peter Obi accepted Doyin Okupe’s resignation from her position as Director-General of the party’s presidential campaign committee. Obi stated in a letter to Okupe that he respects the choice made by his former campaign director general.
6. On Wednesday, lineups for Premium Motor Spirit, often known as gasoline, which had been progressively decreasing recently, reappeared in various cities, including Lagos and Abuja. The latest event amply demonstrates that Nigerians will have a miserable Christmas since gasoline shortages have already begun to have an impact on drivers, who have raised their prices.
7. As the Federal Government on Wednesday submitted a hurried supplementary budget for the fiscal year 2022, Nigeria’s domestic debt increased to N22.57 trillion. President Muhammadu Buhari is asking the National Assembly to approve a N819.54 billion supplementary budget that would be paid for by domestic borrowing.
8. On Wednesday, the Inspector-General of Police, Mr. Usman Baba, referred to the Biafra movement in the country’s South Eastern region as a cover for criminal activity. He issued a warning to the agitators, saying that such actions would not be tolerated by the administration.
9. The police have opened an inquiry into the death of Mr. Hezekiah Adaiden, the youth president of the Inen village in Akwa Ibom State’s OrukAnam Local Government Area. Odiko Mcdon, the State’s Police Public Relations Officer, called the assassination of the youth president “barbaric” and promised that those responsible will be held accountable.
10. To celebrate Argentina’s World Cup victory, millions of spectators flooded the streets of Buenos Aires on Tuesday. As a result, a planned parade route was obstructed, and Lionel Messi and his colleagues were forced to abandon an open-top bus and soar over the city in helicopters.
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