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

1. Worsening Living Condition: APC, PDP Govs In War Of Words

* A Great Disservice To Nigeria If Leaders Incite Citizens Against Government-PGF Chairman
* Mere Criticisms Or Even Playing To Gallery For Public Applause Is Not Way To Go
* PDP Govs Playing Ostrich When Fully Aware Of What Tinubu Was Doing To Reverse Situation

Governors elected on the platform of the All-Progressives Congress (APC) popularly called the Progressives Governors Forum (PGF) and their counterpart from the People Democratic Party (PDP) are engaging in a war of words over the worsening economic condition in the country. READ MORE https://matrixngr.com/2024/02/15/worsening-living-condition-apc-pdp-govs-in-war-of-words/

2. Labour Party Suspends National Treasurer, Opara Over Allegation Of N3.5bn Fraud Against Abure

 * Says She’s Being Sponsored By Same People Who Used Lamidi Apapa, Others

 In the wake of an allegation of N3.5bn financial recklessness levelled against the National President of Labour Party, Julius Abure by its National Treasurer, Oluchi Opara, the party has slammed a six months suspension on the treasurer. READ MORE https://matrixngr.com/2024/02/15/labour-party-suspends-national-treasurer-opara-over-allegation-of-n3-5bn-fraud-against-abure/

3. IOCs Pledge to Deepen Investments in Nigeria

A group of International Oil Companies operating in Nigeria, TotalEnergies, Shell and Chevron, have assured Nigerians of their continued investment in the mineral resources sector in Africa. READ MORE https://matrixngr.com/2024/02/15/iocs-pledge-to-deepen-investments-in-nigeria/

4. Hike In Electricity Tariff Looms As FG Groans Under Subsidy Weight

Nigerians might be asked to pay more for electricity as the Minister of Power, Adebayo Adelabu has disclosed that the country cannot continue to subsidise electricity. READ MORE https://matrixngr.com/2024/02/15/hike-in-electricity-tariff-looms-as-fg-groans-under-subsidy-weight/

5. Why Nigeria Should Return To Parliamentary System Of Government-Reps Minority Leader, 59 Others

A group of 60 lawmakers in the House of Representatives are seeking amendments to the 1999 Constitution to transition from the current presidential system to the parliamentary system of government. READ MORE https://matrixngr.com/2024/02/15/why-nigeria-should-return-to-parliamentary-system-of-government-reps-minority-leader-59-others/

6. Tinubu To commission Lagos red line project Feb 29

In a few weeks, President Bola Tinubu is scheduled to officially launch the Lagos State Red Line Rail initiative. READ MORE https://matrixngr.com/2024/02/14/tinubu-to-commission-lagos-red-line-project-feb-29/

7. Equity: Forex turnover surges by 202.97% as official exchange rate settles at N1499.07/$1

Tuesday, February 13th, 2024 saw a noteworthy increase in forex turnover of 202.97%, reaching $271.50 million, as the Nigerian naira strengthened against the dollar on the official market. READ MORE https://matrixngr.com/2024/02/14/equity-forex-turnover-surges-by-202-97-as-official-exchange-rate-settles-at-n1499-07-1/

8. TotalEnergies Nigeria’s Annual Profit Declines By 19.7 Percent To N13bn

In a recent unaudited financial statement, TotalEnergies Marketing Nigeria Plc recorded a 19.7 percent fall in its after-tax profit for 2023 despite an increase in sales. READ MORE https://matrixngr.com/2024/02/14/totalenergies-nigerias-annual-profit-declines-by-19-7-percent-to-n13bn/

 9. Insecurity: Troops Bust Illegal Weapons Manufacturing Factory In Plateau

Troops of Operation Save Haven under Hakorin Damisa IV have discovered a weapon fabrication factory in Pakachi Village, Mangu Local Government Area of Plateau State. READ MORE https://matrixngr.com/

 10. Serie A: Osimhen rejoins Napoli weekend after AFCON duties

Victor Osimhen is expected to return to Napoli by the end of this week following the conclusion of the 2023 Africa Cup of Nations. READ MORE https://matrixngr.com/2024/02/14/serie-a-osimhen-rejoins-napoli-weekend-after-afcon-duties/