Here’s a brief update of Latest Nigerian News from Nigerian Newspapers of Monday 30th October 2023.
- The Nigeria Labour Congress expressed deep concern on Sunday over the severe repercussions of the foreign exchange crisis on the nation’s economy. They urgently called for measures to stabilize the Nigerian currency, with NLC President Joe Ajaero attributing the free fall of the national currency to government officials’ penchant for luxury foreign products.
- An explosion shook the Rivers State House of Assembly complex on Sunday night, coinciding with alleged attempts by some lawmakers to impeach Governor Siminalayi Fubara. It was reported that unidentified arsonists hurled an explosive device into the building at around 9:25 pm, resulting in a fire outbreak.
- On Saturday night, the Benue State Police Command rescued a pastor and a member of his church who were accused by local youths of involvement in organ harvesting in Kanshio New Layout, Makurdi. A pastor from the Deeper Christian Life Ministry, known as Pastor Terna, and a church member named Jude Tyokula, were reportedly assaulted by the youths based on allegations of organ theft.
- Two minors were arrested by the Ogun State Police Command for allegedly setting fire to their school in the Isheri-Olofin area of Ifo Local Government Area. The command’s spokesperson, Omolola Odutola, revealed this in a statement on Sunday, stating that the minors entered the school, gathered teacher-abandoned books, and set them on fire, causing damage to the school’s books.
- Chief of Staff to the President, Femi Gbajabiamila, emphasized on Sunday that the Bola Tinubu-led administration will remain unwavering despite attempts at propaganda. Gbajabiamila noted the significant tasks ahead of the administration and stressed that it would not be derailed by unsubstantiated accusations from unverified sources.
- President Bola Ahmed Tinubu expressed his administration’s determination to alter Nigeria’s image as a slow-moving nation through transformative governance. He conveyed this during political discussions with the Chancellor of the Federal Republic of Germany, Olaf Scholz, and his delegation at the State House in Abuja on Sunday.
- Over 100 passengers on their way to Binnari town in Karim-Lamido local government area were on board a boat that capsized in the middle of the Benue River on Saturday. This tragic incident was reported on Sunday, and the passengers included traders, women, and children.
- Former President Muhammadu Buhari revealed that if Nigeria had lost its arbitration dispute with Process & Industrial Development (P&ID), it would have incurred a cost of approximately $15 billion. He mentioned that the late Abba Kyari, his former Chief of Staff, and the Minister of Justice & Attorney-General of the Federation, Abubakar Malami, were assigned the task of finding a resolution to the issue.
- The pressure on the Nigerian naira eased over the weekend following disclosures regarding the sources of the expected $10 billion forex inflows announced by the Federal Government. This influx of dollars not only boosted market confidence but also led to significant gains for the Naira in various forex segments. The Naira concluded the week at N1,145/$1 in the parallel market and N789.94/$ in the Investors and Exporters (I&E) window, where more than $400 million in transactions occurred on Friday.
- The Catholic Diocese of Wukari confirmed the abduction of one of its priests, Rev. Father Thaddeus Tarhembe, during the early hours of Sunday.
