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Newspaper Headlines: FG borrows N13.21trn from World Bank in 20 months

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 2, 2025 7:00 am

Reports on the judgment of the Edo governorship election petition tribunal slated for today permeates the frontpages.

Natasha Akpoti-Uduaghan’s homecoming event suffuses the newspapers as well.

The Punch reports that Senate President Godswill Akpabio and Usman Ododo, governor of Kogi, have criticised Natasha Akpoti-Uduaghan, senator representing Kogi central, over claims of assassination against her. The newspaper says Peter Obi, presidential candidate of the Labour Party (LP) in 2023, has criticised Tinubu’s economic policies.
Daily Trust reports that the World Bank has approved over N13.21 trillion ($8billion) as loans for different developmental projects for the President Bola Tinubu-led federal government in the last 20 months. The newspaper says the Edo state government said operatives of the Department of State Services (DSS) have arrested two principal suspects linked to the killing of 16 hunters in Uromi area of the state.
The Nation reports that pre-tax profit for five major tier 1 banks rose by about 70 percent to N4.56 trillion in 2024. The newspaper says the federal government has warned that oil wells’ operators that have failed to initiate drilling operations in the last 30 years risk losing such licences.
The Guardian reports that electricity distribution companies may take 11 years with N1.4 trillion to bridge the metering gap in the country. The newspaper says controversy has trailed the leaked purported tribunal judgment of the Edo state governorship election ahead of the verdict today.
THISDAY reports that President Bola Tinubu has removed Mele Kyari as the group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited and dissolved its board. The newspaper says the Central Bank of Nigeria (CBN) said Nigeria’s net foreign exchange (FX) reserves (NFER) stood at $23.11 billion in 2024, marking the highest level in three years.

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