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Newspaper Headlines: 16 companies lost N792bn to naira depreciation, says MAN

idris.shehu@thecable.ng'byIdris Shehu
November 13, 2024 7:00 am

Pictures and reports from Monday Okpebholo’s swearing-in as new governor of Edo dominate the frontpages. 

The Punch says Vice-President Kashim Shettima led a mega rally for the All Progressives Congress (APC) in Ondo ahead of Saturday’s governorship election. The newspaper reports that Taoreed Lagbaja, the late chief of army staff (COAS), will be buried on Friday.
Daily Trust reports that the Manufacturers Association of Nigeria (MAN) says 16 companies lost N792 billion to naira depreciation. The newspaper says Narendra Modi, the prime minister of India, will visit Nigeria on Saturday.
The Nation says the Economic and Financial Crimes Commission (EFCC) has arrested Timber Wabote, a former executive secretary of Nigeria Content Development and Monitoring Board (NCDMB), for alleged $35 million fraud. The newspaper reports that the Central Bank of Nigeria (CBN) says N28 million citizens have no access to banking.
The Guardian reports that the yuletide season offers hope for the weak naira amid a negative forecast. The newspaper says the Civil Society Legislative Advocacy Centre (CISLAC) has revealed that Nigeria recovered over $5 billion in stolen assets over the past 25 years.
Vanguard says the Academic Staff Union of Universities (ASUU) has accused the World Bank and International Monetary Fund (IMF) of conspiring to destroy Nigeria’s university system. The newspaper reports that Justin Welby, the Archbishop of Canterbury, has resigned following the publication of the Makin Review, which exposed the Church of England’s mishandling of historic abuse allegations involving John Smyth.

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