Naijaonpoint looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Monday 8th July 2024.
The PUNCH: Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot price of petrol from N630 to N720 per litre. This came as fuel scarcity deepened in Abuja and the adjoining states on Sunday with some filling stations dispensing PMS as high as N900/litre.
Vanguard: The brewery industry is now facing severe cost pressure as prices of local raw materials rise astronomically undermining their backward integration strategy. Industry stakeholders said the cost pressures coming from sorghum, wheat and others would remain elevated, driven by the impact of rising inflation, insecurity across agricultural belts in the country as well as other macroeconomic challenges
The Nation: Another chapter opened yesterday in the history of the Economic Community of West African States (ECOWAS) with the re-election of President Bola Ahmed Tinubu as chairman of Heads of State and Government. He was first elected in Guinea-Bissau on July 9 last year after just one month and a few days as Nigeria’s president.
Daily Trust: The long queues for Premium Motor Spirit (PMS), popularly known as petrol, which first hit the Federal Capital Territory (FCT) last weekend, and has now spread to various parts of the country, is as a result of a sudden disruption in the supply chain by natural factors.
