Nigerian Newspapers: 10 things to know this Monday morning, April 16

Inflation Surge: Nigeria’s inflation rate spiked to 33.2% in March 2024, marking a significant increase from the previous month’s 32.7%. This data, released by the National Bureau of Statistics, underscores growing economic challenges within the country.

New Regulations on Crude Oil Sales: The Nigerian government, particularly through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has introduced fresh guidelines for the sale of crude oil to local refineries. This move aims to lessen the nation’s reliance on imported refined products.

Political Turmoil in Kano State APC: The Kano State Working Committee of the APC has opposed the suspension of its National Chairman, Umar Abdullahi Ganduje, by his ward in DawakinTofa local government area. The suspension is reportedly linked to allegations of corruption.

Fuel Subsidy Restoration: Former Kaduna State Governor, Nasir El-Rufai, claims that President Bola Tinubu reinstated the fuel subsidy regime, unbeknownst to many Nigerians. This decision has implications for the government’s expenditure on subsidies.

Tinubu’s Return to Abuja: President Bola Tinubu returned to Abuja after celebrating Eid-El-Fitr in Lagos. His arrival was marked by the reception of top government officials, signaling political activity amidst ongoing developments.

Consumer Protection Concerns: The FCCPC has urged Nigerians to report instances of arbitrary price hikes by businesses. This call comes amid rising worries over escalating prices impacting consumer welfare and economic stability.

Fulani Community Support for Tinubu: Leaders of the Fulani community have reiterated their backing for President Bola Tinubu’s administration. They express optimism that efforts to reposition the country will yield positive outcomes.

ADC’s Merger Plans: The ADC is considering merging with multiple political parties nationwide to form a formidable coalition aimed at challenging the ruling APC in the 2027 elections. This move reflects ongoing political strategizing.

Anambra Boat Mishap: The Anambra State Police addressed controversy surrounding the burial of victims of the Anam boat mishap. While some victims were buried by the riverside, others remain in the morgue, highlighting the sensitive nature of the situation.

Yul Edochie’s Marital Controversy: Nollywood actor Yul Edochie faces criticism online over his marital decisions, with some Nigerians condemning him while dealing with marital issues themselves. This incident underscores the intersection of celebrity life and public scrutiny.