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Top news items in major Nigerian media outlets

Xinhua, March 23, 2016 Adjust font size:

The following are highlights of leading Nigerian media outlets on Wednesday.

-- The National Assembly may on Wednesday adopt 6.07 trillion naira (more than 30.5 billion U.S. dollars) as budget for 2016. This came to light on Tuesday following the successful presentation by the Appropriation Committees of the Senate and House of Representatives of reports on the 2016 budget which they have been working on since December 2015 when President Muhammadu Buhari laid the budget proposal before the joint session of the National Assembly. (The Guardian)

-- In a bid to tighten money supply in response to the sharp increase in inflation in February, the Central Bank of Nigeria on Tuesday raised its Monetary Policy Rate to 12 percent from 11 percent. (Vanguard)

-- The Federal Government has set up a presidential committee to investigate high-profile corruption cases allegedly compromised by the Economic and Financial Crimes Commission. (The Punch)

-- The secret recruitment of hundreds of personnel by the Nigeria Immigration Service (NIS) has continued to generate ripples across the country.

The NIS has denied any wrong doing for not advertising the positions as required by law saying it got a waiver from the government to do it that way. (Daily Trust). Endit