Good morning.  Here is today’s summary from Nigerian Newspapers:

1. Cybersecurity Levy: Fresh Outrage Erupts

* It’s Another Gang-Up By Ruling Elite To Continue Extortion, Exploitation Of Masses, NLC Fumes
* Says It’s Further Burden On Shoulders Of Hardworking Nigerians
* SERAP Issues Tinubu 48-Hours Ultimatum To Withdraw CBN Directive
* Policy Ill-Timed, Insensitive, Will Exacerbate Financial Woes Of Nigerians -PRP

The recent directive by the Central Bank of Nigeria to financial institutions in the country to commence the deduction of 0.5 percent cybersecurity levy on all electronic transactions from bank’s customers from May 20, 2024 have continued to trigger outrage from different quarters in the country.

2. Rivers Crisis: Tinubu’s Peace Deal Collapses

* APC Asks Assembly To Resume Impeachment Proceedings Against Fubara

 It appears that the fragile peace brokered by President Bola Ahmed Tinubu into the political crisis that is rocking the oil rich state of Rivers State has finally broken down irretrievably like a pack of badly arranged packs of cards.

3. CBN Gives IOCs Approval To Repatriate 50% Of FX Proceeds

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country by approving 50% repatriation of Foreign Exchange proceeds.

4. After Outcry By Atiku, Others, Presidency Says Tinubu Will Return To Nigeria Today

Following widespread outrage by former Vice President, Atiku Abubakar, and other well-meaning Nigerians about the continued absence of President Bola Ahmed Tinubu from the public, the Presidency has revealed that the President and his aides will arrive back in Nigeria on Wednesday (Today) from Europe.

5. CBN orders banks to suspend charges on deposits till September

Until September 30, 2024, banks are unable to charge for cash deposits, according to a directive by the Central Bank of Nigeria.

6. Amid Biting Fuel Scarcity: NNPCL Cautions Nigerians Against Panic buying, Says 1.5b Litres Of Petrol In Stock

As the latest round of fuel scarcity continues to take its toll on Nigerians, the Nigerian National Petroleum Company (NNPC) Limited has warned Nigerians against panic buying, saying it has over 1.5 billion litres of products in stock.

7. CBN Gives PoS Operators Ultimatum To Register With CAC Before July 7

All point-of-sale operators in the nation are required by the Central Bank of Nigeria (CBN) to register their companies with the Corporate Affairs Commission (CAC) within the next two months.

8. Binance Kicks Against Detention Of Executives Says Nigeria Setting Dangerous Precedent

Richard Teng, the Chief Executive Officer (CEO) of leading Crypto exchange platform has raised an alarm that Nigeria is setting a dangerous precedent with the detention of its executives.

9. Wizkid Vs Don Jazzy: Nasboi Receives Death Threats For Supporting Don Jazzy

Popular artist and skit creator Nasboi has disclosed that, as a result of his criticism of Wizkid for disparaging Don Jazzy, he is getting death threats.

10. Dortmund Beat PSG To Reach Champions League’s Final

Borussia Dortmund produced a fine away performance to beat Paris St-Germain and reach their first Champions League final since 2013.

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