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

1. Relocation Of FAAN To Lagos

* Amid Mounting Oppositions, FG Says No Going Back
* Reveals How Move Will Save Nigeria N500m
* Only Directors Are In Abuja, Support Staffers Are In Lagos
* Gives Update On Botched Nigeria Air Deal

Amid growing opposition and outrage, the Federal Government of Nigeria has stated that there is no going back on the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. READ MORE: https://matrixngr.com/2024/02/01/relocation-of-faan-to-lagos/

2. CBN Goes Tough On FX Speculators, Hoarders

* Orders Banks to Sell Excess Dollars in 24 hour
* Banks May Sell Over $5bn, Says Official

A top bank executive, who spoke on condition of anonymity, said the new circular would force banks to sell off excess dollar liquidity exceeding $5bn READ MORE: https://matrixngr.com/2024/02/01/cbn-goes-tough-on-fx-speculators-hoarders/

3. Nigeria’s Inflation Rate to Drop to 23% In 2024, 15.5% in 2025 – IMF

The International Monetary Fund (IMF) foresees a decline in Nigeria's inflation rate, projecting it to be 23 percent in 2024 and further dropping to 15.5 percent in 2025. This revelation came from Daniel Leigh, the Division Chief of the Research Department at the IMF, during the press conference on the World Economic Outlook (WEO) update held on Tuesday. READ MORE: https://matrixngr.com/2024/02/01/nigerias-inflation-rate-to-drop-to-23-in-2024-15-5-in-2025-imf/

4. YouTube Removes TB Joshua’s Emmanuel TV Channel Over BBC Documentary

Leading video and streaming platform, YouTube has removed Synagogue Church of All Nation, SCOAN main channel, Emmanuel TV from its platform following sexual and assault allegations against the founder of the church Prophet TB Joshua. READ MORE: https://matrixngr.com/2024/02/01/youtube-removes-tb-joshuas-emmanuel-tv-channel-over-bbc-documentary/

5. We Uncovered Religious Body Laundering Money For Terrorists-EFCC

Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has disclosed that the anti-graft agency has uncovered a religious sect laundering money for terrorists. READ MORE: https://matrixngr.com/2024/02/01/we-uncovered-religious-body-laundering-money-for-terrorists-efcc/

6. AFCON 2023: Calvin Bassey named in Round of 16 Best X1

Super Eagles defender, Calvin Bassey has been included in the Best X1 for the Round of 16 of the 2023 Africa Cup of Nations. READ MORE: https://matrixngr.com/2024/01/31/afcon-2023-calvin-bassey-named-in-round-of-16-best-x1/

7. Court Orders Arrest Of Fubara’s CoS, Five Others
[/b]Justice Emeka Nwite of a Federal High Court, Abuja, has ordered the arrest of the Chief of Staff (CoS) to the Rivers State Governor, Hon Edison Ehie and five others over his alleged involvement in the burning of the State House of Assembly. READ MORE: https://matrixngr.com/2024/01/31/court-orders-arrest-of-fubaras-cos-five-others/
[b]8. Falana Hits FG, 36 States, Others With Suit Over Out-Of-School Children, Seeks Compulsory Free Education For Every Nigerian Child

Femi Falana, a Senior Advocate of Nigeria, and Hauwa Mustapha, an expert in early childhood education, have sued the Federal Government (through the Attorney General of the Federation), the Minister of Education, the Universal Basic Education Commission (UBEC), and other parties on their own behalf and on behalf of the Alliance on Surviving COVID-19 and Beyond. READ MORE: https://matrixngr.com/2024/01/31/falana-hit-fg-36-states-others-with-suit-over-out-of-school-children-seeks-compulsory-free-education-for-every-nigerian-child/

9. Naira Free Fall: Senate Summons CBN Governor

The Senate,  through its committee on Banking, Insurance and other Financial Institutions has  summoned the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso to appear before it on Tuesday. READ MORE: https://matrixngr.com/2024/01/31/naira-free-fallsenate-summons-cbn-governor/

10. Jennifer Eliogu: Shuffling Between Acting, Singing For 25 Years

Actress Jennifer Eliogu has worked in Nollywood for more than 25 years. Furthermore, she possesses an 11-year-old singing skill in her kitty which has further cemented and distinguished her in the entertainment business. READ MORE: https://matrixngr.com/2024/01/31/jennifer-eliogu-shuffling-between-acting-singing-for-25-years/