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

1. New Minimum Wage: Fear Of Fresh Strike Looms

* Tripartite Committee Submits Report To FG
* Labour Rules Out Strike On Tuesday, Awaits Tinubu’s Decision
* States Need To Weed Out Ghost Workers-SDP

For the second time this month, there are anxiety that economic activities in the country might again be grounded as Organized labour comprising the Nigeria Labour Congress (NLC) Trade Union Congress (TUC) and other affiliate bodies have disclosed that they will not accept any N62,000 or N100,000 “starvation wage” as the minimum wage for Nigerian workers. READ MORE

2. Financial Sector Stability: Again, CBN Allays Fears

* Again, CBN Debunks Rumors Of Revoking Licences Of Four Banks, Reiterates Safety Of Financial Sector

Following the collapse of Heritage Bank Plc, anxiety and apprehension seem to have gripped the Nigerian financial sector as fears of further revocation of other allegedly distressed banks looms large. READ MORE

3. Afreximbank Supports Fidelity Bank’s Acquisition of Union Bank UK With $40 Million

Afreximbank said it has disbursed a $40 million intra-African investment facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalization of Union Bank United Kingdom. READ MORE

4. FAAC: FG, States, LGAs Share N1.1trn In May; Suffer N60bn Decline 

The three tiers of government, Federal, States, Local Governments shared N1.14 trillion for May, the Federation Account Allocation Committee (FAAC) has disclosed. READ MORE

5. South-West Govs Elect Sanwo-Olu As Chair, Adopt Common Agenda For Region’s Prosperity

The issues of regional economic integration, food production and regional security topped the discussions at the meeting of the South-West Governors’ Forum held in Lagos on Monday. READ MORE

6. Tinubu Sacks Arase as Police Service Commission Chairman

President Bola Ahmed Tinubu has sacked Solomon Arase as chairman of the Police Service Commission, PSC. READ MORE

7. We Didn’t Inflate Fuel Subsidy Claims By N3.3tr, NNPC Limited Cries Out

The Nigerian National Petroleum Company Limited, NNPC Ltd, has shot down allegations making the rounds that the state oil company inflated fuel subsidy claims by N3.3 trillion. READ MORE

8. Nnamdi Kanu Charges Court to jail DSS DG, Bichi For Disobeying Orders

The leader of the proscribed Indigenous People of Biafra, IPOB, Nnamdi Kanu has charged the Abuja Federal High Court to jail the Director General of the Department of State Services, DSS, Yusuf Bichi over his refusal to adhere to the court’s ruling regarding his visitation. READ MORE

9. Cyberbullying: VeryDarkMan meets bail condition

Martin Otse, a controversial social media critic known as VeryDarkMan, who was accused of cyberbullying, has been granted bail by a Federal High Court in Abuja. READ MORE

10. WCQ: Benin Republic Clip Super Eagles’ Wings, Beat Nigeria For First Time

Benin Republic beat the Super Eagles for the first time on Monday, defeating them 2-1. That scoreline leaves Nigeria’s World Cup qualification on the line. READ MORE

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