Nigerian Newspapers: Headlines that will interest you today, Monday

Good day, good citizens of Nigeria. Here are headlines from Nigerian Newspapers that may interest you today, Monday, January 24, 2022.

1. Electoral Act amendment: Bill bars voters from contesting candidates’ certificates in court [Punch Newspaper]

A new amendment to the Electoral Act has precluded the possibility of voters challenging credentials submitted to the Independent National Electoral Commission by candidates.

The proposed law, if signed by the President, Major General Muhammadu Buhari (retd.), will allow only those who participated in the party primary to challenge in court, the school certificates, the birth certificate and other credentials of a co-contestant.

Currently, Section 31(5) of the Electoral Act reads, “Any person who has reasonable grounds to believe that any information given by a candidate in the affidavit or any document submitted by that candidate is false may file a suit at the Federal High Court, High Court of a State or the FCT (Federal Capital Territory) against such a person seeking a declaration that the information contained in the affidavit is false.”

2. Nigeria, others face tighter financing as US hikes rate [Vanguard News Nigeria]

Nigeria’s economy, particularly the financial sector is faced with the risk of increased capital outflow in 2022 given the proposed interest rate hike by the United States of America’s Federal Reserve Bank (US Fed), equity researchers have said. 

Additionally, they said the rate hike would increase the cost of foreign borrowing for Nigeria and possibly cause further depreciation of the Naira.

The US Fed has indicated plan to increase interest rate at least four times this year in response to rising inflation with the first hike expected to happen mid-March when the Federal Open Market Committee (FOMC) meets.

3. Lagos declares end of COVID-19 fourth wave [NewsWireNGR]

Lagos State has declared an end to the fourth wave of the COVID-19 pandemic triggered by the Omicron variant.

Speaking to Channels Television, State Commissioner for Health, Professor Akin Abayomi said the government was now focused on getting more people to take the Covid vaccines.

“We are now out of the fourth wave, we don’t know what will happen next,” he said. “But we want to be prepared and the State Governor has said that we need to hit certain targets this year, so we are going to go back to the drawing board, because there’s a little bit of vaccine hesitancy in Lagos. Read more.

4. CBN begins e-invoices for importers and exporters with a $500,000 value [NewsWireNGR]

The Central Bank of Nigeria (CBN) has set February 1 take-off date for all importers and exporters to submit an electronic invoice (e-invoice) authenticated by the authorised dealer banks to the regulator.

The CBN’s ‘Guidelines on the introduction of e-valuation, e-invoicing for import and export in Nigeria’ released Friday, directed that the e-invoice should be submitted on the Nigeria single window portal-Trade Monitoring System set up by the apex bank. Read more.

5. 2023 Presidency: Afegbua warns ‘old man’ Atiku not to contest [NewsWireNGR]

Atiku Abubakar has been warned by his former spokesman, Prince Kassim Afegbua, not to contest the presidential seat come 2023.

The former vice president, Atiku, was the presidential candidate of the Peoples Democratic Party (PDP) in 2015 and 2019.

Afegbua urged the opposition party, PDP, to zone the presidential ticket to the South.

In a statement entitled, “2023: Atiku and the age of Methuselah politics,” Afegbua warned Atiku to give younger Nigerians a chance lest he wears the tag of “a perpetual or professional candidate.” Read more.

6. World Bank applauds NewsWireNGR Twitter spaces on fuel subsidy

World Bank in Nigeria has applauded a Twitter spaces organised by NewsWireNGR.

The spaces titled: ‘End of Fuel Subsidies: Fuel price hike / NLC Protest‘ had BudgIT lead, Seun Onigbinde, as one of the speakers. Concerns about the timing of the removal of petrol subsidy in the country was part of the major discussions. Read more.

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