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Newspaper Headlines: Interest rate hike likely again as MPC meets today

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
November 25, 2024 7:00 am

Reports on the tax reform bills and the leadership crisis in the Peoples Democratic Party (PDP) permeate the frontpages.

The Punch reports that there may be a clash between members of the house of representatives elected on the platform of the All Progressives Congress (APC) and their opposition counterparts over the $2.2 billion loan request from President Bola Tinubu. The presidency has criticised Matthew Kukah for referring to Tinubu as one of Nigeria’s accidental leaders.
Daily Trust reports that the presidency has intensified lobbying of the national assembly over the tax reform bills. The newspaper says 3,000 litigations have stalled the recovery of N5 trillion loan by the Asset Management Corporation of Nigeria (AMCON).
The Guardian reports that the monetary policy committee (MPC) will announce another hike in interest rate during its next meeting. Wale Edun, minister of finance, said the federal government has saved $20 billion from petrol subsidy removal and floating of the naira.
Nigerian Tribune reports that there is a plot by some PDP leaders to make Umar Damagum continue as acting national chairman of the party beyond 2025. Ruruma community in the Kauru LGA of Kaduna state said the community has paid over N1 billion in ransom due to a spike in banditry and kidnapping.

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