Oct. 25 major Nigerian media outlets

The following are news highlights of leading Nigerian media outlets on Tuesday.

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Spining

— Vice-President Yemi Osinbajo on Monday promised Nigerians that the Federal Government has set machinery in motion to ensure 7,000 megawatts at the first quarter of 2017.

Osinbajo, who acknowledged that the country was battling with 3,000 megawatts, assured that the 7,000 megawatts is achievable. (Vanguard)

— For the country to get out of recession, former President Olusegun Obasanjo has called for an increase in the volume of trade internally and externally and the establishment of a commodity exchange to ensure stability in the prices of agricultural produce. (The Punch)

— Shareholders have reacted sharply to the Central Bank of Nigeria’s order on the suspension of MTN Group’s dividend payment from its Nigerian subsidiary, MTN Nigeria, over an alleged illegal repatriation of funds to South Africa.

The shareholders, who spoke to The Guardian on Monday faulted the move, insisting that dividend that has been declared must be paid. (The Guardian)

— The Economic and Financial Crimes Commission (EFCC) on Monday arrested a former Minister of the Federal Capital Territory Senator Bala Mohammed, Daily Trust gathered.
EFCC also on Monday arrested former spokesman to former President Goodluck Jonathan, Reuben Abati over allegations of financial crimes. (Daily Trust) Enditem

Source: Xinhua/NewsGhana.com.gh

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