This Nigeria News brings you an overview of today’s major headlines from Nigeria’s national newspapers.
The PUNCH: The cost of landing Premium Motor Spirit (PMS) in Nigeria has dropped by 20.34% over the last three months, reaching N971.57 per litre. This reduction indicates a positive shift due to global market changes and supply chain adjustments.
Vanguard: Banks are set to raise funding for petrol importation to N3.5 trillion as more marketers enter the market, despite local supply efforts led by Dangote Refinery. Recently, banks have reported an increase in loan applications from petroleum marketers, with single loan requests reaching up to N250 billion.
The Nation: The prospects of the tax reform proposed by the President Bola Ahmed Tinubu’s administration were brought to the fore at the weekend by the panel. Chairman, Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo Oyedele, whose recommendations gave birth to the four bills before the National Assembly, gave an insight into the advantages of the proposals.
Daily Trust: The rising cost of building materials is slowing down Nigeria’s property sector, creating challenges for the government’s affordable housing agenda. Private developers and individuals building homes are increasingly affected by the high costs, leading to delays in construction projects.
Thank you for reading; check back tomorrow for more on Nigeria’s latest newspaper headlines.
News Editor