READ TODAY’S NEWSPAPER HEADLINES

THE GUARDIAN NEWSPAPER

PDP protests as INEC declares APC winner of Edo election

After hours of collating results, the Independent National
Electoral Commission (INEC) yesterday declared the governorship candidate of
the All Progressives Congress (APC), Godwin Obaseki as the winner of the keenly
contested Edo State governorship election.

National Assembly demands ministry handles recruitment of
500,000 teachers

The Presidency and the Office of the Vice President lack the
expertise to oversee proposed recruitment of 500,000 teachers and should
therefore hand the job over to the Ministry of Education.

Crude oil prices rise as OPEC plans output cut

Crude oil prices moved up by six per cent yesterday
following the decision by the Organisation of Petroleum Exporting Countries
(OPEC) to cut production in an attempt to curtail glut.

THE VANGUARD NEWSPAPER

MTN $13.92bn fund transfer: Melaye’s accusations are
baseless – Enelamah

MINISTER of Industry, Trade and Investment,Dr. Okechukwu
Enelamah yesterday denied any involvement or knowledge of illegal transfer of
funds out of Nigeria by MTN. The Minister in a statement signed by the Director
Press, Federal Ministry of Industry, Trade and Investment Mr. Greyne Anosike
said that the minister was never the owner of the company he is being alleged
to own stating that Dr Enelamah was never the “owner” of Celtelecom as alleged
by the Senator; neither was he ever a Celtelecom shareholder.

Naira heads towards N500/USD; Morgan Stanley warns against
controls

Nigeria’s foreign exchange market was tension-soaked
yesterday, as the Naira raced towards N500/USD1. It closed at N490/ USD1 in the
parallel market, with dealers expecting further rise today to hit the dreaded
N500 mark.

Old Britain can lead a new world

OLD Britain is in need of a rebirth. A born-again Britain
has the potentials to help steer the world away from endless conflicts and
strife. I say Britain because the world’s most powerful nation, the United
States presents us with a choice of either Hilary Clinton or Donald Trump. While
it makes common sense for Americans to vote Clinton who at this week’s first
Presidential Debate showed she is intellectually endowed in contrast to noisy
Trump, she is not committed to a new world.

THE NATION NEWSPAPER

Obaseki: we’ll deliver

Edo State Governor Adams Oshiomhole said yesterday that the
victory of the All Progressives Congress in Wednesday’s election has humbled
Chief Tom Ikimi, Chief Gabriel Igbinedion and Dr. Raymond Dokpesi.

Verification uncovers 10,000 dormant teachers in Oyo

TEN thousand teachers in Oyo State have been discovered to
be dormant after a verification by the government.

Buhari urges private sector to join economic recovery battle

President Muhammadu Buhari yesterday challenged private
sector operators to take the lead in the battle to revive the economy saying
they hold the key to its quick recovery.

THE PUNCH NEWSPAPER

Lagos gunmen kill man, two sons, injure wife, daughters

There was a bloodbath on Thursday in the Ipakodo, Ikorodu
area of Lagos State, after some gunmen invaded a residence and shot dead a man
and his two sons.

CCB to probe Amaechi, Ngige, Fashola, AGF, others’ assets

The Code of Conduct Bureau has begun massive verification of
assets declared by top serving and former public officers at the federal, state
and local government levels.

Anybody in government looking for money is mad–Osinbajo

Vice-President Yemi Osinbajo on Thursday said it was sheer
madness for anybody occupying public offices to be looking for money.

THE BUSINESSDAY NEWSPAPER

Investors losing faith in FX market say dealers

Barely three months after launching a new flexible FX
trading structure with fanfare, treasury managers of banks say Nigeria’s FX
market is virtually collapsed, as the local currency, the naira hit a new low
of N490 to the dollar on the parallel market.

Network irrigation, Solar solutions to boost year-round rice
farming

Experts say Nigeria’s celebrated bountiful rice harvest
during last dry season’s cultivation in the north could be increased up to
three-fold if water from existing dams is channeled in a networked manner to
access several farms in the coming dry season when rice yields are typically
higher than in the rainy season.

Africa’s demographics spur Private Equity interest in
financial services

Private Equity (PE) investors are being lured by the
earnings opportunities in Africa’s financial services sector on account of the
attractive population growth prospects.