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Nigeria Newspapers: Today’s Guardian Newspaper Headlines [10th October, 2018].

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IMF warns Nigeria of debt crisis, urges diversification
Wed, 10 Oct 2018

The International Monetary Fund (IMF) yesterday warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis.
Nigeria’s debt profile was N22.3 trillion as at June 30, 2018. About two-thirds of the government’s revenues go into servicing interest payments, with the principal still waiting for redemption at maturity.

The IMF advised the country to guard against the temptation to let higher oil prices delay reforms, warning that despite the recent recovery, oil prices are projected to remain below the 2013 peak.

It also reaffirmed the World Bank Group’s growth reversal at 1.9 per cent from 2.1 per cent for 2018 and 2.3 per cent in 2019, with 0.4 per cent up compared to April 2018 forecast.

Unveiling the World Economic Outlook titled, “Challenges to Steady Growth”, at the ongoing yearly meeting of the IMF/World Bank Group, in Bali, Indonesia, the Economic Counsellor of IMF Maurice Obstfeld admitted growth rebound in Nigeria and other sub-Saharan African nations, saying the trend would be buoyed by the impact of recovering oil production and prices.

Nigeria’s growth is projected to increase from 0.8 per cent in 2017 to 1.9 per cent in 2018 and 2.3 per cent in 2019, 0.4 percentage point higher than the April 2018 forecast.

On the rising obligations of the sub-region’s economies, Obstfeld pointed out that strengthening fiscal positions was necessary to reduce debt vulnerabilities.

“Boosting non-oil revenues and continuing fiscal consolidation plans remain key goals for oil exporters.

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Amosun visits Aso Villa again, APC says no going back on primaries
Wed, 10 Oct 2018

Pressure is mounting on the national chairman of the All Progressives Congress (APC), Adams Oshiomhole, over the party’s handling of recent primaries across the country.
The exercise has been dogged by a series of complaints that the leadership of the party was not fair.

During a protest in Calabar yesterday, a faction of the party loyal to Minister of Niger Delta Affairs Usani Usani called for Oshiomhole’s resignation.

The aggrieved members bore placards with the inscriptions: “Stop Imposition Oshiomhole! Stop Fighting Our Chosen One! Oshiomhole Must Go! No Usani, no APC in Cross River State!”

Addressing the demonstrators, the commissioner representing Cross River on the board of the Niger Delta Development Commission (NDDC), Mr. Sylvester Nsa, said: “Oshiomhole should resign.

If he continues, he will destroy this party. The people of Cross River have gone out to protest against impunity, injustice, total and blatant refusal to respect court ruling by the national chairman.”

Nsa accused Oshiomhole of “playing down the integrity of the judiciary,” saying: “Oshiomhole must leave us alone, otherwise, he would come to Cross River and walk alone because the people are angry and have spoken that we want Usani.”

The Etim John factional executive had produced Usani as governorship candidate while that of Dr Mathew Achigbe, which is recognised by the national executive, had Senator John Owan-Enoh.

The Etim John faction challenged the legality of its rival in an Abuja High court and got a ruling that its executive and its recognition by the national body were null and void.

Achigbe’s faction and the national body however ignored the ruling, saying the Abuja court lacked jurisdiction and that a subsisting case by the Achigbe bloc was pending in a High Court in Cross River.

Also, four APC senatorial aspirants in Delta South kicked against their exclusion from the primary, despite claiming to have met all the requirements.

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The Guardian, ICIR to partner in fight against fake news
Wed, 10 Oct 2018
The Centre for Investigative Reporting (ICIR) in collaboration with First Draft is to partner with The Guardian and other stakeholders in the country to combat misinformation ahead of 2019 general election. The ICIR team, comprising its Executive Director, Dayo Aiyetan; Editor, Ajibola Amzat and Programme Officer, Gloria Agema paid The Guardian a courtesy visit yesterday []
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NLC pickets Chinese firms over alleged maltreatment of workers
Wed, 10 Oct 2018
The Nigeria Labour Congress (NLC) yesterday picketed three Chinese mining firms in Ogun State over alleged inhuman treatment of workers. The NLC, in conjunction with the Nigeria Union of Mine Workers (NUMW) accused the companies of maltreating their Nigerian employees, contrary to the country’s labour law. The affected companies are A and B, Multi Verse []
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CAN urges Buhari to give Nigerians a sense of belonging
Wed, 10 Oct 2018
The Christian Association of Nigeria (CAN) yesterday charged President Muhammadu Buhari to listen to the voice of wisdom and give Nigerians a sense of belonging, irrespective of their religious, ethnic and political leanings. It also chided the President’s Personal Assistant on Social Media, Lauretta Onochie, over her open letter to the CAN President, Reverend Samson []
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Court sentences Shell MD, others to three months in jail
Wed, 10 Oct 2018
A Port Harcourt High Court has sentenced the Managing Director of Shell Petroleum Development Company (SPDC), Osagie Okunbor, and two others to three months in prison with hard labour. Those sentenced to prison alongside the SPDC boss in contempt proceedings are, Company Secretary and Head of Legal, Nike Oyinlola, as well as Deputy Country Head []
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Overtime cargoes, congestion hobble Lagos ports
Wed, 10 Oct 2018
Uneasy calm may have settled in the maritime sector over the unprecedented number of overtime cargoes in the Lagos seaports, which has resulted to loss of huge revenue and congestion. Cargoes are classified as overtime when they have stayed in the ports for between 28-30 days without clearing and delivery. The Guardian gathered that over []
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Cyber threats to mobile devices in Nigeria rise, hit 35%
Wed, 10 Oct 2018
Threats, especially through cyber vulnerabilities to mobile devices are on the rise in Nigeria and other sub-Saharan African countries.
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Akwa Ibom announces 50 per cent tickets fees slash as Eagles camp bubbles
Wed, 10 Oct 2018
Super Eagles’ fans interested in watching Saturday’s African Nations Cup qualifier between Nigeria and Libya at the Godswill Akpabio Stadium, Uyo have been served a good hand by the Akwa Ibom State government, which has slashed the gate fees by 50 per cent.
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Mourinho’s 825 days hotel bill hits 500,000
Wed, 10 Oct 2018
If Jose Mourinho is eventually sacked by Manchester United, at least, he will not have the added stress of selling a house. Mourinho has been living in Manchester for 825 days since setting up base at the Lowry Hotel on July 6, 2016, but is yet to lay down permanent roots in the city. His []
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EFCC urges court to re-assign Magu’s confirmation suit
Wed, 10 Oct 2018
The Economic and Financial Crimes Commission (EFCC) has asked the Federal High Court, Abuja, to transfer all cases involving the agency and its Acting Chairman, Ibrahim Magu, from Justice Binta Nyako to any other judge in the court. The request was contained in a letter dated October 5, 2018 and addressed to the Registrar attached []
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