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Newspaper Headlines: Bank CEOs, MDs in merger acquisition talks

byAyomikunle Daramola
November 26, 2023 7:00 am

The national dailies dwell on the recapitalisation announced by Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), and its immediate impact on the banking industry and the economy.

Punch reports that top bank executives are in preliminary merger and acquisition talks amid CBN’s announcement of a new capital base for deposit money banks. The newspaper says Tommy Etim, the deputy president of the Trade Union Congress (TUC), said the minimum wage should be negotiated annually, not every five years.
ThisDay says Lateef Fagbemi, the attorney-general of the federation (AGF), has warned politicians to stop unfounded allegations against judges. The newspaper reports that the Dangote refinery is expected to reach 650, 000 barrels per day production by the end of 2024.
The Nation reports that gunmen killed 11 people and kidnapped 150 in villages in Zamfara and Taraba. The newspaper details how President Bola Tinubu calmed the political storm in Ondo state.
Guardian reports that Akwa Ibom made history in Nigeria’s aviation industry with the delivery of the first of 10 brand new Airbus A220-300 series air planes. The newspaper also says after police warnings, supporters of the New Nigeria Peoples Party (NNPP) and the All Progressives Congress (APC) cancelled their planned protests for and against the recent judgment of the court of appeal on the Kano guber poll.
Daily Trust reports that Vice-President Kashim Shettima yesterday told Nigerians that the multicultural diversity of the country should be seen as a source of strength and not division. The newspaper says Sule Lamido, former governor of Jigawa, said President Tinubu is dragging Nigerians to their graves.

 

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