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Newspaper Headlines: Crackdown on ‘terrorism financiers’, and inflation cripples investments

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 19, 2021 7:53 am

Issues bordering on the nation’s troubled economy, especially on inflation, foreign exchange and the money-printing claim dominated the headlines. The tragic accidents that occurred in Ondo and Benue states wherein lives and property were lost also made the headlines.

Daily Trust’s exclusive reports says dozens have been arrested in nationwide crackdown over terrorism financing. The newspaper says bureau de change operators, gold dealers and others have been arrested.
Daily Independent’s headline says the recovery of crude oil price is not enough to ease the country’s foreign exchange woes. The federal government has told Nigerians not to listen to secessionists, the newspaper reports.

 

The Nation reports that governors have asked the Central Bank of Nigeria (CBN) to halt the plan to start deducting the $2.1 billion budget support loan from allocations given to states. The newspaper says 12 persons died and over 50 houses were razed in Benue tanker explosion.

 

The Punch reports that experts faulted Godwin Emefiele’s justification of printing money to support the government, while the Nigerian Economic Summit Group (NESG) said printing N60 billion is not sustainable. The newspaper’s cover picture depicts the scene of a fire incident at a historic campus library in the University of Cape Town, South Africa.

 

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The Guardian says travellers will have to face hurdles as some nations and airlines have stipulated COVID-19 vaccine passport for travel requirements.

 

Business Day reports that the country’s double-digit inflation has widened negative real return on investment. The newspaper says power plants have suffered low gas supply despite the country’s huge gas reserves.

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