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Top news items in major Nigerian media outlets

Xinhua, June 16, 2016 Adjust font size:

The following are news highlights in major Nigerian media outlets on Thursday.

-- The Central Bank of Nigeria has eliminated the official exchange rate for the naira, replacing it with a new forex policy which is "purely market-driven."

However, local and foreign financial experts, who welcomed the new policy, say it is technically,a byword for currency devaluation. (Daily Trust)

-- Barring any last minute changes in plan, President Muhammadu Buhari is expected to be back in the country on Thursday from London. (The Punch)

-- It was tension as well as drama Wednesday as opposing groups of protesting youth struggled to retain control of the national secretariat of the Peoples Democratic Party (PDP) in Abuja. (The Guardian) Endit