Pulse FrontpageRead today's newspaper headlines [Wednesday, September 21, 2016]

Find out what is making headlines all over the country from the covers of The Nation, The Punch, The Guardian, Business Day and Vanguard.

 

Find out what is making headlines all over the country from the covers of The Punch, Vanguard, The Guardian and more.

For today, September 21 2016:

THE GUARDIAN NEWSPAPER

Senate lists measures to exit economic recession

To take the country out of economic recession, the Senate has 14 proposals for the Executive.The upper legislative chamber yesterday said the Executive arm of government should note that “when people are desperately hungry, what they need is leadership with a clear vision; leadership whose daily actions reflects the very urgency of the people’s condition. Therefore, our response to the current challenge must be dictated by the urgency of the hardship that the people suffer on a daily basis.”

Central Bank retains double-digit benchmark rate to check inflation

Nigeria has kept its double-digit benchmark interest rate unchanged in two months to control rising prices and encourage foreign investments.The Central Bank of Nigeria (CBN)’s Monetary Policy Committee yesterday announced that it would be retaining Monetary Policy Rate at 14 per cent, with Governor Godwin Emefiele saying the subsisting rate “has attracted $1 billion” in foreign investment in the last two months, and that price level outlook was already moderating.

Supreme Court affirms Bello as Kogi governor

It was victory for Yahaya Bello yesterday as the Supreme Court affirmed him as the lawfully elected governor of Kogi State and dismissed the appeal filed by James Faleke against the governor as lacking merit.

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THE VANGUARD NEWSPAPER

PDP mute as Bello floors Faleke, Wada at Supreme Court

ABUJA—RESPITE came the way of Governor Yahaya Bello of Kogi State, yesterday, as the Supreme Court, in a unanimous judgment by seven-man panel of justices, upheld the election that brought him to power. The panel, headed by Justice Sylvester Nwuta, dismissed as lacking in merit four separate appeals that challenged Bello’s emergence as governor.

Nigeria must consider oil asset sales – Saraki

THE Senate yesterday asked the federal government to stop the blame game and get the nation’s economy out of recession, saying Nigerians were hungry. It also urged the government to raise capital from asset sales to shore up the nation’s foreign reserves and promised to receive any proposal from the executive arm, including Emergency Power

Recession: We can’t cut interest rate, CBN tells Adeosun

ABUJA – The lack of coordination between the nation’s fiscal and monetary authorities has become manifest as the Central Bank of Nigeria, CBN, yesterday, refused to cut interest rate, as suggested by the Minister of Finance, Mrs. Kemi Adeosun.

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THE NATION NEWSPAPER

Banks derail CBN’s N1tr battle to boost economy

ADVOCATES of lower interest rates lost their battle yesterday.

Obama hails exchange rate flexibility at talks with Buhari

United States President Barack Obama yesterday praised President Muhammadu Buhari for allowing flexibility in exchange rates.

Knocks for banks over corruption

Banks and their officials who help in concealing stolen funds will soon have their day in court, Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu said yesterday

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THE PUNCH NEWSPAPER

Jubilation in Kogi as Supreme Court upholds Bello’s election

Hundreds of supporters of Kogi State Governor, Yahaya Bello, burst into wild jubilation on Tuesday in Abuja after the Supreme Court upheld the election of Bello as the governor of Kogi State.

CBN rejects Finance minister’s call for interest rate cut …retains benchmark rate at 14%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent.

Fresh earth tremor hits Kaduna community, residents flee

Another earth tremor on Tuesday rocked the Kwoi community in Jaba Local Government Area of Kaduna State.