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

1. Outrage Trails Tinubu’s Expatriate Employment Levy

* If Implemented, It Will Frustrate FG’s On-Going Fiscal, Monetary Reforms, Disincentivize FDI-NECA
* Says FG Cannot Impose Tax Or Levy Without Appropriate Legislation, It Must Be Backed By An Act Of The National Assembly
* Expert Says Timeline For Compliance Too Short, Wants At Least Six Months’ Notice To Comply

The plans by the Federal Government of Nigeria to impose an Expatriate Employment Levy (EEL) on companies that employ expatriates in the country has been met with stiff resistance from Organised private sector operators like the Nigeria Employers’ Consultative Association (NECA) and an economic think-tank Centre for the Promotion of Private Enterprise (CPPE). READ MORE https://matrixngr.com/2024/02/27/fg-launches-expatriate-employment-levy/

2. For Failing To Probe ‘Missing $3.4bn IMF Loan’ SERAP Sues Tinubu

* Servicing IMF Loan That Is Missing, Diverted Or Unaccounted For Is Double Jeopardy For Nigerians Allegedly-SERAP

The Socio-Economic Rights and Accountability Project (SERAP) has slammed a lawsuit against President Bola Tinubu over “his failure to probe the grim allegations that $3.4 billion loan obtained by Nigeria from the International Monetary Fund (IMF) to finance the budget and respond to COVID-19 is missing, diverted or unaccounted for.” READ MORE https://matrixngr.com/2024/03/03/for-failing-to-probe-missing-3-4bn-imf-loan-serap-sues-tinubu/

3. Nigeria Seals Comprehensive Sectoral Deals With Qatar

President Bola Tinubu  engaged in  the signing of agreements between Nigeria and Qatar in various sectors of the economy on Sunday. READ MOREhttps://matrixngr.com/2024/03/03/nigeria-seals-comprehensive-sectoral-deals-with-qatar/

4. FG Approves 90-Day Grace For Payment Of Duty On Improperly Imported Vehicles

The Federal Government of Nigeria has through the Nigerian Customs Service (NCS) announced a 90-day window for regularising import duties on specific categories of vehicles. READ MORE https://matrixngr.com/2024/03/03/fg-approves-90-day-grace-for-payment-of-duty-on-improperly-imported-vehicles/

5. Embattled Emefiele Evacuates CBN Gov’s Quarters

Embattled former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has moved out of the apex Governors’ quarters in Lagos. READ MORE https://matrixngr.com/2024/03/03/embattled-emefiele-evacuates-cbn-govs-quarters/

6. Despite AfCFTA, African Countries Trade More With Nations Outside Continent-ECA Report

A recently released report by the Economic Commission for Africa (ECA) has disclosed that despite the enactment of the African Continental Free Trade Area (AfCFTA), African nations still engage in more trade with countries outside the continent than with each other. READ MORE https://matrixngr.com/2024/03/03/embattled-emefiele-evacuates-cbn-govs-quarters/

7. Economic Hardship: Looted Warehouse By Hoodlums Did Not Belong To Us, NEMA Clarifies

The National Emergency Management Agency (NEMA) has denied reports making the rounds that a warehouse belonging to it was looted by hungry Nigerians in Abuja on Sunday. READ MORE https://matrixngr.com/2024/03/03/economic-hardship-looted-warehouse-by-hoodlums-did-not-belong-to-us-nema-clarifies/

8. Jungle Justice! Two Policemen Lynched By Angry Mob For Crushing Three To Death In Edo

In a case of jungle justice two mobile policemen attached to Hon. Emmanuel Agbaje, the immediate past lawmaker representing Akoko-Edo Constituency I, in the Edo State House of Assembly has been lynched for crushing three people to death. READ MORE https://matrixngr.com/2024/03/03/jungle-justice-two-policemen-lynched-by-angry-mob-for-crushing-three-to-death-in-edo/

9. Nollywood Tragic Deaths: Tinubu, Atiku, Obi Mourn Mr Ibu, Sisi Quadri
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President Bola Tinubu on Sunday mourned the death of veteran Nollywood actors John Okafor popularly known as Mr Ibu and Tolani Quadri Oyebamiji, popularly known as Sisi Quadri. READ MORE https://matrixngr.com/2024/03/03/nollywood-tragic-deaths-tinubu-atiku-obi-mourn-mr-ibu-sisi-quadri/

[b]10. Foden Inspires City's Comeback To Claim Manchester Derby Victory Over United

Phil Foden scored twice in the second half for Manchester City to inspire a 3-1 come-from-behind victory over Manchester United at the Etihad Stadium. READ MORE https://matrixngr.com/2024/03/03/foden-inspires-citys-comeback-to-claim-manchester-derby-victory-over-united/