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Newspaper Headlines: CBN to wade into POS charges hike | Rice smuggling threatens local production

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
July 4, 2023 7:15 am

Reports on spiralling inflation across all sectors of the nation’s economy, dominate the front pages of the newspapers today.

The Punch reports that retired generals have set an agenda on combatting insecurity, for the new service chiefs. The newspaper adds that the Central Bank of Nigeria (CBN) said it will intervene to resolve issues around the new charges adopted by point of sale operators (POS) in Nigeria.
Daily Trust reports that renewed rice smuggling in the country has threatened local production. The newspaper says President Bola Tinubu has asked security chiefs to deliver on the mandate of addressing the country’s insecurity challenges.
The Guardian reports that uncertainty has trailed the liberalisation of the foreign exchange market, as stakeholders and businesses await the fiscal direction of the president. The newspaper says there is no consensus on the principal officers of the senate minority leadership.
Nigerian Tribune reports that the presidential election petition tribunal has admitted the report of the European Union (EU) election observation mission. The newspaper says the economic hardship faced by average Nigerians may soon become unbearable as a moderate basket of tomatoes now sells for N100,000.
Daily Sun reports that the Indigenous People of Biafra (IPOB) has declared that there is no one week sit-at-home in the south-east zone of the country. The newspaper says Tinubu has promised investors that his administration will be consistent with economic policies.

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