Nigerian news papers update

Here are some updates from Nigerian newspapers:

The Punch

• "FG to review 2023 budget, says Minister" - The Federal Government has announced plans to review the 2023 budget to reflect the current economic realities.
• "Nigeria's debt profile hits N38.6trn, says DMO" - The Debt Management Office (DMO) has disclosed that Nigeria's total debt profile has risen to N38.6 trillion as of June 2022.
• "Police arrest 15 suspected kidnappers in Katsina" - The Katsina State Police Command has arrested 15 suspected kidnappers who allegedly abducted a businessman and his wife in the state.

The Guardian

• "Nigeria's inflation rate drops to 15.92% in June" - The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate dropped to 15.92% in June 2022, the lowest in 17 months.
• "FG to establish 10 new universities" - The Federal Government has announced plans to establish 10 new universities across the country to address the shortage of tertiary institutions.
• "Nigeria's economy grows by 3.11% in Q2" - The NBS has announced that Nigeria's economy grew by 3.11% in the second quarter of 2022, driven by growth in the agriculture and manufacturing sectors.

ThisDay

• "Nigeria's foreign reserves hit $40.3bn" - The Central Bank of Nigeria (CBN) has announced that Nigeria's foreign reserves have risen to $40.3 billion, the highest in 10 months.
• "FG to launch e-Naira digital currency" - The Federal Government has announced plans to launch a digital currency, e-Naira, to promote financial inclusion and reduce cash transactions.
• "Nigeria's power sector records 4,000MW generation" - The Transmission Company of Nigeria (TCN) has announced that the country's power sector has recorded a generation capacity of 4,000 megawatts, the highest in 10 years.

Vanguard

• "Nigeria's economy to grow by 2.5% in 2023" - The International Monetary Fund (IMF) has projected that Nigeria's economy will grow by 2.5% in 2023, driven by growth in the agriculture and manufacturing sectors.
• "FG to establish 10 new airports" - The Federal Government has announced plans to establish 10 new airports across the country to improve air transportation and boost economic growth.
• "Nigeria's inflation rate to drop to 12% by 2025" - The IMF has projected that Nigeria's inflation rate will drop to 12% by 2025, driven by monetary policy reforms and fiscal discipline.

Please note that these are just some of the updates from Nigerian newspapers and may not be exhaustive.