Good morning.  Here is today’s summary from Nigerian Newspapers: 

1. Protests:NLC, TUC Fire Back At Tinubu

Says It’s Troubling That Tinubu Is Preoccupied With Political Calculations, Future Electoral Prospects Instead Of Addressing Pressing Challenges
Urges Tinubu To Redirect Efforts Towards Fulfilling Fundamental Duty Of Public Office And Stop Engaging In Political Rhetoric
Tinubu’s Statement Alien To Us Because Right To Protest And Strike Is That Of The Workers

President Bola Ahmed Tinubu’s jibe at labour unions has been met with strong criticism by organized labour comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) in the country. READ MORE

2. CBN Revokes Licenses Of 4, 173 BDCs For Flouting Regulatory Provisions

Says Affected BDCs Failed Anti-Money Laundering, AML, CFT, Other Regulations

In a bid to sanitise the Foreign Exchange market in Nigeria, the Central Bank of Nigeria (CBN), Friday, March 1, 2024 announced the revocation of the licenses of 4,173 Bureau De Change (BDC) operators in the country. READ MORE

3. Economic Hardship: Parents Shun Noodles as Prices Soar

Some parents in the Federal Capital Territory (FCT) said on Friday that they have cut noodles from their household menu as its price continues to increase. READ MORE

4. CBN Announces Plans To Clear FX Backlogs Of Remaining 5 Banks In Few Days- Cardoso

The Central Bank of Nigeria (CBN) has announced that the remainder of the banks’ Foreign Exchange FX backlogs would be cleared in the next few days. READ MORE

5. BUA Cement FY 2023 Profit Increases By N460bn Despite N70bn FX Loss

Leading cement company, Bua Cement has announced a strong revenue growth of 27.4% to N460n from the N361 billion recorded in the previous year. READ MORE

6. Again, Tragedy Hits Nollywood As Comedian, ‘Sisi Quadri’ Dies

The Yoruba segment of the Nigerian movie industry popularly known as Nollywood has been thrown into mourning after the news of the death of Quadri Oyebamiji Tolani popularly known as Sisi Quadri filtered in on social media. READ MORE

7. Tinubu Appoints Fresh Hands At TCN, FGN Power Company Limited To Boost Electricity Supply

In a bid to boost electricity supply and part of his efforts to substantially enhance the quality and quantity of electric power supply across the nation’s power grid, President Bola Tinubu has approved the appointment of four Nigerian professionals to serve as Executive Directors of the Transmission Company of Nigeria (TCN), for a renewable term of four years. READ MORE

8. Former Power Minister, Agunloye Sues EFCC For Declaring Him Wanted

Former Minister of Power and Steel, Dr Olu Agunloye, has sued the Economic and Financial Crimes Commission (EFCC) for N1 billion for declaring him wanted. READ MORE

9. After Guiding Super Eagles To Second Place At AFCON 2023, Jose Peseiro Dumps Nigeria

In a shocking development, Jose Peseiro has resigned as the coach of the Super Eagles after guiding the team to second position at the just concluded 2023 Africa Cup of Nations (AFCON). READ MORE

10. Forex crisis: FG Slams $10 Billion Fine on Binance

The Federal Government has slammed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. READ MORE