Major Headlines in Newspapers Today

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Some of the major headlines in select Nigerian newspapers for today,December 28,2015

We can’t reverse ATM card ban abroad – CBN,PUNCH

The Central Bank of Nigeria has said the decision of Deposit Money Banks to place a restriction on the use of Automated Teller Machine cards abroad by bank customers is due to scarcity of foreign exchange.

The apex bank said while it had no powers to reverse the restriction placed by the DMBs on the use of the ATMs abroad, the CBN was in support of the decision as it would assist in reducing the pressure on the naira.

The Director, Monetary Policy Department, CBN, Mr. Moses Tule, who said these in Abuja while speaking with journalists, explained that the restriction might continue until the country could increase its foreign exchange earnings.Read more here

I didn’t plot against Buhari in Dubai – Atiku,VANGUARD

Former Vice President Atiku Abubakar, yesterday, denied being part of a conspiracy against President Muhammdau Buhari, saying the insinuation that he used the cover of a foreign medical trip to host an anti-Buhari parley was wrong.

Atiku

Reacting to insinuations by what he called “political mischief makers and enemies of unity,” who alleged that he has been hosting political meetings at Burj Al-Arab, Dubai, the former vice president said contrary to the rumours being bandied around by political opponents, he was currently in Dubai with his family for physiotherapy on his injured knee.

In a statement by his media office in Abuja, yesterday, and signed by his Media Adviser, Mazi Paul Ibe, Atiku said he was embarrassed by the deliberate falsehoods being spread against him by political opponents who are bent on causing distraction for President Buhari at a time all energies should be channelled into helping the President actualise his change agenda.

Describing rumour mongers as “ill-motivated busybodies that don’t wish the country well,” the Turaki Adamawa explained that his medical treatment is his private affair, which should not be politicised by anybody to achieve sinister objectives.Read more here

Buhari to looters: Refund or go to jail.-NEWTELEGRAPH

President Muhammadu Buhari has told those who shared in the $2 billion fund meant for arms procurement to refund the money or face prosecution and end up in jail. Speaking during an interview with BBC Hausa Service on Christmas Eve, Buhari said his government has enough documents on how people stole and shared public funds among themselves. He noted that the documents in the possession of the Federal Government would be used to bring the culprits to book. The president stated that bribery and corruption were basically suffocating Nigeria. “If we don’t kill these monsters – bribery and corruption –, this country would go down,” he said.Read more here

 

PPPRA to unveil new fuel pricing template Jan 1,THE GUARDIAN

THE Petroleum Products Pricing Regulatory Agency (PPPRA) will release the new petroleum products pricing template on January 1, 2016, the Executive Secretary of the agency, Ahmed Farouk, has said.

In an interview with The Guardian in Abuja yesterday, Ahmed, who disclosed that Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had approved the template, explained that the list of petroleum marketers that would import products into the country in the first quarter of 2016 would soon be released.

He hinted that the intention of the new template is to eliminate exposure without increasing pump price.
The PPPRA boss added: “To achieve this, the PPPRA will leverage on the current market structure as well as a review of the existing PPPRA pricing template with the objective of making the components dynamic and responsive to the dictates of the international oil market. This will further ensure efficiency of products delivery at realistic costs to the consumer.”Read more here

 

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