Naija News looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Sunday 13th November 2022.
The PUNCH: The Independent Corrupt Practices and Other Related Offences Commission has seized no fewer than 97 property from different individuals in the past four years. The list of seized assets include 33 buildings, plots of land and a factory forfeited to the Federal Government by a former accountant with the Joint Admission and Matriculation Board, Dr Jimoh Olatunde. The anti-graft agency disclosed these to Sunday PUNCH in response to a Freedom of Information request.
The Guardian: Stakeholders in the nation’s food and agriculture value chain have said that unless urgent steps are taken by the Federal Government, the massive destruction to farmlands by the recent floods may result in a severe hunger crisis in 2023. Aside from financial losses incurred by farmers and agribusiness entrepreneurs, the destruction has been estimated to put 25.3million people across 26 states and the Federal Capital Territory (FCT) in acute food crisis between June and August next year.
This Day: Indications have emerged that politicians who stashed billions of Naira outside the banking system to prosecute the 2023 general election have moved against the planned reintroduction and redesign of Nigeria’s currency by the Central Bank of Nigeria (CBN), THISDAY has learnt. These politicians, it was learnt, have mobilised the National Assembly to pass a resolution against the Naira redesign as several lawmakers may have stockpiled cash for the 2023 general election. 
The Nation: The naira yesterday recorded major gain against the dollar, closing at N680/$ at the parallel market in a new wave of sustained recovery after weeks of depreciation. The recovery of the local currency is linked to ease in dollar demand and release of huge dollars by forex speculators who wanted to take advantage of previous rate spike in the market.
Daily Trust: Despite passing the Petroleum Industry Act (PIA) 2021 and a host of ongoing reforms, the hiccups in the oil and gas industry are yet to abate, and have plunged oil production to record low in the past two years. In this report, Daily Trust on Sunday ex-rays the various factors responsible for the decline in oil production, ranging from a drop in exploration activities as rig count, a major tool for oil drilling, dropped by about 36 per cent since 2019, to massive reports of crude oil theft, as well as the shutting in of drilled crude across selected oil wells over the fear that it could be stolen through the pipes. Hydrocarbon is currently extracted from 323 developed fields in both onshore and offshore terrains, according to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC). These fields, which either contain crude oil, condensates or natural gas reservoirs, are connected to 265 production processing stations, after which the stabilised oil and gas are exported via 31 export terminals.
Thank you for reading, that is all for today, see you again tomorrow for a review of Nigerian newspapers.
The post Nigerian Newspapers Daily Front Pages Review | Sunday 13th November, 2022 appeared first on Naija News.
