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Newspaper Headlines: Mass trial of #EndBadGovernance protesters begins in Abuja, Kano, Kaduna

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
September 2, 2024 7:00 am

Reports on the imminent hike in petrol price, amid the scarcity of the product, permeate the frontpages of Nigerian newspapers today.

The Punch reports that there are indications that the pump price for petrol may rise in filling stations as the Nigerian National Petroleum Company Limited (NNPC) finally admitted that it is facing challenges due to a $6 billion debt. The newspaper says the Dangote Petroleum Refinery is set to roll out the sale of petrol.
Daily Trust reports that personnel from agencies under the presidency have expressed concerns about the oversight visits being undertaken by Femi Gbajabiamila, chief of staff to the president. The newspaper says the trial of #EndBadGovernance protesters is expected to commence today in Abuja, Kano, Kaduna, and Borno.
Vanguard reports that the high interest rate charged by banks and other lending institutions has become a major challenge impeding the growth of the manufacturing industry in Nigeria. The newspaper says Nigeria’s commercial banks gave N4.68 trillion as loans to the country’s agricultural sector from 2018 to 2022.
The Guardian reports that the federal government is set to disburse N1.2 trillion for the building of substations and distribution infrastructure. The newspaper says a hike in the price of petrol is imminent.
The Nation reports that the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and Nigeria Deposit Insurance Corporation (NDIC), have formed a team to verify the new capital base of banks.

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