Labour Party (LP) has told President Bola Tinubu that his removal from office by the court will not cause anarchy in the country.

Tinubu had asked the presidential election tribunal to dismiss the petition filed by LP seeking to nullify his victory on the grounds that he did not secure 25 percent of the lawful vote cast in the federal capital territory (FCT).

Tinubu, through Wole Olanipekun, his counsel, in a final written address to the tribunal against the petition, said the FCT is the 37th state for electoral purposes and any other interpretation would “lead to absurdity, chaos, anarchy and alteration of the very intention of the legislature”.

Olanipekun said the petition is novel and not familiar with the country’s electoral laws.

Reacting, the LP in a statement on Monday by Obiora Ifoh, national publicity secretary of the party, said Tinubu’s comment was unnecessary since the matter is before the court.

The LP said the All Progressives Congress (APC) must be cautious in its approach to the matter which is still in court, noting that no amount of pressure on the judges in the court can change the processes and requirements that the law has put in place.

“We are worried that the statement which formed part of his submissions and was contained in his final written address against the Labour Party’s petition pending at the PREPEC, and meant to be in the exclusive custody of the court was leaked to the media,” the statement reads.

“We still do not know the reason behind this act of desperation, even when the matter is still pending in court. We will however be careful not to term the action as sub-judice.

“Having said that, the Labour Party thinks that the statement was unnecessary since the matter is already before the court, and going ahead to pontificate on it could be construed as interference in the duties and responsibilities of the judiciary.

“The truth of the matter is that there are no sentiments when it comes to matters of law. The law is the law and once the law has stipulated the manner and how a matter must be carried out, it must follow that pattern.

“If the law has stated the requirement that a presidential candidate must meet before he can be declared, there is no shortcut to it.

“Therefore, if the constitution which is the ground norm of the law in Nigeria has stated clearly that you must score at least 25 percent in FCT before the president can be declared, anything short of that can not remedy it.

“We insist that no amount of threat from the APC on the judges in the court can change the processes and requirements that the law has put in place. It must be followed and that is the position of the Labour Party.

“Let me assure the APC and their leaders that if there were no absurdity, chaos, and anarchy when they forced their way into power, Nigeria will still witness peace when they are eventually evicted from power.”

The Cable

All Progressives Congress (APC) has suspended its planned national caucus and national executive committee (NEC) meetings.

Abubakar Kyari, acting national chairman of the APC, spoke to reporters after an emergency gathering of the party’s national working committee (NWC) on Monday.

The NWC sit-down which was held at the party’s headquarters in Abuja was called after the “resignation” of Abdullahi Adamu and Iyiola Omisore as national chairman and national secretary of the ruling party, respectively.

Kyari said the change in the party’s leadership necessitated the postponement of the meetings.

The acting national chairman said a new date for the meetings would be communicated to the public in due course.

“With this recent development in the change of leadership, I would like to inform everybody here that the proposed national caucus meeting slated for Tuesday the 18th July 2023 and the NEC meeting of the APC slated for Wednesday 19th July 2023 are hereby postponed,” he said.

“The postponement is not indefinite but a new date will be communicated in the near future. This is our announcement today and information to you our dear friends.”

When asked how the party would recover its funds, Kyari said: “There are no allegations at this point, the two individuals have resigned voluntarily and that is what is available at this moment.”

TheCable reported how the failure of Adamu to account for over N30 billion that accrued to the party from the sale of nomination forms in the build-up to the general election was the “last straw” that led to his ouster.

The Cable

Akure North Local Government Area has been thrown into grief and shock by the death in quick succession of its chairman and vice chairman.

The chairman, Bankole Ogbesetore, was the first to die on Tuesday. He was immediately replaced by his vice, Anthony Adebusola, as acting Chairman.

But Adebusola, too, died four days later on Saturday, sending shocks and grief across the local government area and Ondo state.

A political leader in the area and former commissioner for Sports and Youth Development in the state, Saka Ogunleye, was among the first to confirm the development on social media.

“It is on a sad note, painful and pathetic, that I’m here again to announce the tragic death of our council vice chairman Anthony Adebusola,” Ogunleye said.

“This unfortunate death occurred yesterday after a brief illness. Painful that we lost both our elected council chairman and his amiable, loyal vice chairman within one week.

“Like a bad movie, so sad a story. Ko ye mi oo. I urge you all to pray for us and the family members the two of them left behind.”

The state’s acting governor, Lucky Aiyedatiwa, had paid a condolence visit to the residence of the late chairman last week.

Reports have it that Ogbesetore had been ill for over a year.

PT

Federal Government has officially confirmed the first case of anthrax in the country.

A statement released by the Federal Ministry of Agriculture and Rural Development Monday signed by Columba T. Vakuru, Chief Veterinary Officer of Nigeria, said animals showing signs of a possible case of anthrax on a farm in Suleja, Niger State, were reported to the Office of the Chief Veterinary Officer of Nigeria on July 14, 2023.

“The case was in a multi-specie animal farm comprising of cattle, sheep and goats located at Gajiri, along Abuja-Kaduna express way Suleja LGA Niger State, where some of the animals had symptoms including oozing of blood from their body openings – anus, nose, eyes and ears.

“A Rapid Response team comprising of federal and states One Health Professional Team visited the farm to conduct preliminary investigations and collected samples from the sick animals. Subsequent laboratory tests by the National Veterinary Research Institute laboratory confirmed the diagnosis, marking the first recorded case of anthrax in Nigeria in recent years,” the statement reads in part.

The federal government issued a warning to Nigerians weeks ago after learning of an anthrax outbreak in Northern Ghana where all infected animals had died.

Anthrax is caused by the spore-forming bacterium Bacillus, which mostly affects livestock like cattle, sheep, and goats. However, it can also infect people who come into contact with infected people or contaminated animal products like meat, wool, or skins. Anthrax that spreads via the skin might result through open wounds or contact with contaminated objects, while anthrax that spreads through the air can happen when spores are inhaled.

The federal government appealed to Nigerians to “immediately report cases of animals bleeding from body openings to veterinary authorities, or agriculture extension workers.”

“The blood of an anthrax-infected animal does not clot. Do not process or move the dead or sick animal, quickly report to your veterinary doctor or veterinary authorities at the ministry of agriculture in your state,” the statement advised Nigerians.

Daily Trust

Poultry farms across the country are currently shutting down operations due to the persistent hike in the price of maize – a major feed for birds in the subsector, the Poultry Association of Nigeria said on Monday.

Based on this, PAN stated that the poultry subsector in Nigeria was heading for a crash if the government failed to salvage the industry.

In a statement on Monday, the association said, “At the moment, the poultry industry in Nigeria is on the verge of total collapse if urgent intervention is not channelled to it without further delay.

“We are aware that the government has declared a state of emergency on the food security situation of the country, but the situation of the poultry industry calls for an urgent intervention to save the industry from total collapse.”

The statement, which was jointly signed by PAN’s National President, Sunday Ezeobiora, and Director-General, Onallo Akpa, stated that there had been an upward surge in the cost of maize, forcing farmers to shut down their operations.

It said, “The high surge in the price of maize and the near absence or scarcity of the product is causing farmers to close down their poultry farms at the moment because it is no longer sustainable to feed the birds and be in business.

“This is threatening the further development of the Nigerian poultry industry.”

Findings also revealed that the price of eggs, a daily protein source for many Nigerians, had soared by over 118.34 per cent after maize importation fell by 97.91 per cent.

According to data obtained from the National Bureau of Statistics, the price of one agric egg medium size rose to N89.17 as of May 2023 from N40.84 as of May 2020. This was as the importation of maize, a major component of poultry feeds, fell to $1.82m as of the end of 2022 from $87.08m as of the end of 2020 according to data from the International Trade Center.

According to farmers who spoke with our correspondent, maize is a major component (60 per cent to 70 per cent) of poultry feed, and the increase in the cause of maize because of an import ban had translated to a rise in the price of eggs for the average Nigerian.

In 2020, the Federal Government banned the importation of maize into the country as the CBN added maize to the list of items restricted from accessing foreign exchange.

While Nigeria had banned the importation of maize, its local production has also suffered due to sustained banditry in the north.

A circular signed by the Director, Trade and Exchange Department, CBN, OS Nnaji, in 2020 stated, “As part of efforts by the Central Bank of Nigeria to increase local production, stimulate a rapid economic recovery, safeguard rural livelihoods and increase jobs which were lost as a result of the ongoing Covid-19 pandemic, authorised dealers are hereby directed to discontinue the processing of Forms M for the importation of maize/corn with immediate effect.”

The FG later gave concessions to four companies (Premier Feeds, Mills Wacot, Chi Farms, and Crown Flour) to import 262,000 tonnes of maize because of the importance of maize to the poultry industry. Nigeria has 400,000 metric tonnes of maize production shortfall.

According to a farmer, Azeez Gbadamosi, the continued increase in the price of eggs was directly related to the increase in feeds. He said, “The increase in the price of eggs is due to the cost of feeds. Almost every week, the cost of feeds rises.

“Also, there is the cost of medication, transportation, and others too. The cost of feeds is majorly increasing because of the cost of maize; you know maize makes up more than 50 per cent of the feed. The cost of maize is on the rise because local production has really been hindered.”

Another farmer, who is also a veterinary doctor, Akintade Akintayo, said that the price of feeds was the major reason why egg prices were rising. He lamented that in the last two weeks, the price of New Hope feeds, a poultry feed, had increased thrice.

The farmer,  who operates Atade Farms, said, “Maize is like 60 per cent to 70 per cent of the whole feeds. The increase in the price of maize is one of the major factors. Maize is expensive because a few years ago, the importation of maize was limited. And the bulk of the maize we use for many of our general activities, including human consumption, is imported.”

Punch

WESTERN PERSPECTIVE

Russia launches drones, missiles on Ukraine's south and east - Ukraine's Air Force

Russia launched overnight air attacks on Ukraine's south and east using drones and possibly ballistic missiles, Ukraine's Air Force and officials said early on Tuesday.

A fire broke out at one of the "facilities" in the port of Mykolaiv late on Monday, the city mayor said. The port city provides Ukraine with access to the Black Sea.

"It's quite serious," Mayor Oleksandr Senkevich said on the Telegram messaging app of the fire, adding that more detail will come in the morning.

The southern port of Odesa and the Mykolaiv, Donetsk, Kherson, Zaporizhzhia and Dnipropetrovsk regions were under threat of Russian drone attacks, the Air Force said on the Telegram messaging app.

It added that Russia may be using ballistic weaponry to attack the regions of Poltava, Cherkasy, Dnipropetrovsk, Kharkiv and Kirovohrad.

Reuters could not independently verify the reports.

Air raid alerts blared in many Ukrainian regions for hours, before being called off at around 04:30 a.m. local time (0130 GMT).

Oleh Kiper, head of the Odesa region's military administration, said air defence systems there were engaged in repelling several waves of Russian drone attacks.

Serhiy Bratchuk, a spokesperson for Ukraine's Odesa military administration, said on the Telegram messaging app that details of the attack will come later in the morning.

"Thank you all for your endurance," he said.

There was no immediate comment from Russia on the attack.

Early on Monday, a blast knocked out the Crimean Bridge linking Russia to the Crimean Peninsula, which Moscow annexed from Ukraine in 2014, in what Moscow called a strike by Ukrainian sea drones and vowed retaliation

** Road traffic partially restored on Crimean Bridge - Russia deputy PM

Partial road traffic opened on one lane of the Crimean Bridge late on Monday, Russian Deputy Prime Minister Marat Khusnullin said on his Telegram channel.

"Motor transport on the Crimean Bridge has been restored in reverse mode on the most outer right lane," Khusnullin wrote on Monday.

However, ferry operations were suspended early on Tuesday, due to bad weather, Russian agencies reported, citing the Moscow-backed emergency situations ministry of Crimea.

Early on Monday, a blast knocked out the bridge linking Russia to the Crimean Peninsula, which Moscow annexed from Ukraine in 2014, in what Moscow called a strike by Ukrainian sea drones.

** Russia halts grain deal in what UN calls blow to needy people everywhere

Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, causing concern in poorer countries that price rises will put food out of reach.

Hours earlier, a blast knocked out Russia's bridge to Crimea in what Moscow called a strike by Ukrainian sea drones, killing two people. Moscow said it was a terrorist attack on the road bridge, a major artery for Russian troops fighting in Ukraine.

The Kremlin said there was no link between the attack and its decision to suspend the grain deal, over what it called a failure to meet its demands to implement a parallel agreement easing rules for its own food and fertilizer exports.

"Unfortunately, the part of these Black Sea agreements concerning Russia has not been implemented so far, so its effect is terminated," Kremlin spokesman Dmitry Peskov told reporters.

U.N. Secretary-General Antonio Guterres signalled that Russia's withdrawal meant that the related pact to assist Russia's grain and fertilizer exports was also terminated.

"Today's decision by the Russian Federation will strike a blow to people in need everywhere," he told reporters.

Moscow said it would consider rejoining the grain deal if it saw "concrete results" on its demands but that its guarantees for the safety of navigation would meanwhile be revoked.

In Washington, the White House said Russia's suspension of the pact "will worsen food security and harm millions" and U.S. Secretary of State Antony Blinken called it unconscionable.

IMPACT COULD BE PROFOUND IN AFRICA

Ukraine and Russia are some of the world's biggest exporters of grain and other foodstuffs and any interruption could drive up food prices across the globe.

Shashwat Saraf, the emergency director in East Africa for the International Rescue Committee (IRC), said the impact would be profound in Somalia, Ethiopia and Kenya, which have been facing the Horn of Africa's worst drought in decades.

"I don't know how we will survive," said Halima Hussein, a mother of five living in a crowded camp in Somalia's capital Mogadishu for people displaced by years of failed rains and violence.

Ukraine's President Volodymyr Zelenskiy raised the prospect of resuming grain exports without Russia's participation, suggesting Kyiv would seek Turkey's support to effectively negate the Russian de facto blockade imposed last year.

"Ukraine, the U.N. and Turkey together can ensure the operation of a food corridor and vessel inspections, Zelenskiy said in his nightly video message, saying said the world "has the opportunity to show that blackmail is not allowed ... We must all ensure security, protection from Russian madness."

RUSSIAN OFFENSIVE

Ukrainian forces have been striking Russian supply lines as it pursues a counteroffensive to drive Russian forces out of its south and east. On Monday it reported two more civilians killed by Russian forces, which it said had begun a major push in the northeast.

"For two days running, the enemy has been actively on the offensive in the Kupiansk sector in Kharkiv region. We are defending. Heavy fighting is going on and the positions of both sides change dynamically several times a day," Deputy Defence Minister Hanna Maliar, wrote on Telegram.

The armed forces said Russia had amassed a huge array of forces.

"In the Lyman-Kupiansk sector the enemy has concentrated a very powerful grouping. More than 100,000 personnel, more than 900 tanks, more than 555 artillery systems, and 370 multiple launch rocket systems," Serhiy Cherevatyi, spokesperson for the Ukrainian Armed Forces East group, said on national TV.

Reuters was not able to verify the accounts and there was no immediate comment from Russia.

The blast on the road bridge to Crimea could limit Moscow's ability to supply its troops in southern Ukraine, although Russian President Vladimir Putin said the bridge had not been used for military transports for a long time. Partial road traffic had been restored, Russian Deputy Prime Minister Marat Khusnullin said on Telegram.

Earlier, images showed part of the road bridge had come down and traffic halted in both directions, although a parallel railway bridge was still operational. Blasts were reported before dawn on the 19-km (12-mile) bridge, which Putin ordered built after seizing and annexing Crimea from Ukraine in 2014.

Putin told officials Russia would respond to the "senseless" attack.

Ukrainian media quoted unidentified officials as saying Ukraine's Security Service (SBU) had deployed maritime drones against the bridge. SBU spokesperson Artem Dekhtyarenko alluded to the idea that the agency would reveal details after Ukraine won the war, without directly claiming responsibility.

Ukraine says the bridge is illegal. It was hit by a massive explosion and fire in October.

The grain deal was hailed as preventing a global food emergency when brokered by the United Nations and Turkey last year.

Global commodity food prices rose on Monday, though the increase was limited, suggesting traders did not yet anticipate a severe supply crisis.

Western countries say Russia is trying to use its leverage over the grain deal to weaken financial sanctions, which do not apply to Russia's agricultural exports.

Russia has extended the Black Sea deal three times, despite repeated threats to quit. It suspended participation after an attack on its fleet by seaborne Ukrainian drones in October, leading to a few days when Ukraine, Turkey and the United Nations kept exports going without Moscow.

Any resumption of shipments without Russia's blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage.

"The (key) question is whether Russia mines the area which would effectively cease any form of cover being offered," one insurance industry source said.

RUSSIAN PERSPECTIVE

No more security guarantees for Black Sea navigation – Russian FM

Russia will no longer provide security guarantees for civilian vessels traversing the formerly exempted corridor in the Black Sea, the country’s foreign ministry has announced. Earlier on Monday, the Kremlin stated that it would not extend the Black Sea grain agreement since its own food and fertilizer exports are still being blocked.  

In a statement released on Monday, the Foreign Ministry said that this latest decision “means the recall of maritime navigation security guarantees, the discontinuation of the maritime humanitarian corridor [and] the reinstatement of the ‘temporarily dangerous area’ regime in the north-western Black Sea.” Russian diplomats went on to accuse Ukraine of using the humanitarian corridor to carry out attacks on Russian targets.  

As for the Ukrainian grain shipments that were facilitated by the deal, the ministry claimed that the vast majority of those ended up in Europe, with several countries there allegedly lining their pockets.  

The statement pointed out that the whole mechanism, which was launched last summer, had ostensibly been designed to help avert famine in poorer nations.  

According to Moscow, key points in the Russia-UN memorandum, which was signed in lockstep with the Black Sea Initiative, have remained unfulfilled to date.  

As a result, the ministry explained, Russian bank transactions, insurance and logistics were effectively paralyzed, meaning that Moscow could not sell its own produce and fertilizers on the international market. In one case cited in the statement, a shipment of Russian fertilizers donated free of charge to several African countries was blocked in the EU.   

The foreign ministry concluded that in light of all these issues, the agreement no longer makes sense. 

Moscow has suggested European nations should allow Ukraine to transfer its grain via their territory and potentially face the wrath of local farmers, or take action and address Russia’s grievances.  

Should this happen, Moscow would be ready to return to the implementation of the agreement, the statement noted.  

Earlier on Monday, Kremlin spokesperson Dmitry Peskov announced the termination of the deal. He also reiterated Russia’s readiness to return to the mechanism; however, he added that this would only happen if its interests were respected.  

Last week, Russian President Vladimir Putin warned that Moscow would “suspend participation in this deal,” describing the arrangement as a “one-sided game all along.”

** No mercy for terrorists – Medvedev

Terrorist attacks cannot be prevented with the help of negotiations, and only tough and decisive measures can guarantee success, former Russian president Dmitry Medvedev said on Monday.

His comments came after Moscow accused Ukraine of staging a drone attack on the Crimean Bridge, killing two people, and injuring a child.

Writing on Telegram, Medvedev, who now serves as deputy chairman of Russia’s Security Council, said that experience had shown that it is impossible to fight terrorists with “international sanctions, intimidation, and lecturing.”

They [terrorists] understand only the language of force. Only personal and quite inhumane methods.

Against this backdrop, the ex-president suggested targeting the perpetrators in their own homes, and “searching and liquidating their accomplices” without much regard for legal proceedings.

“The main thing is to destroy the top leadership of terrorist groups, no matter in what cracks these insects hide,” he said, adding that such policies are difficult but still possible to implement.

Medvedev's fiery post was an apparent response to a Ukrainian maritime drone attack on Monday targeting the strategic Crimean Bridge, which damaged one of the roadways and claimed the lives of a married couple from Belgorod and injured their daughter, according to Russian officials.

Responding to the incident, Russian Foreign Ministry spokeswoman Maria Zakharova labeled Ukraine a “terrorist regime,” adding that all of Kiev’s decisions are to a large extent controlled by US and British special services and policymakers.

Ukrainian officials did not claim responsibility for the attack but cheered the incident. Mikhail Podoliak, a senior adviser to Ukrainian President Vladimir Zelensky, said that “any illegal structures” used by Russia to supply its troops are “necessarily short-lived... regardless of the reasons for the destruction.”

In early February, Medvedev warned Ukraine that should it conduct a strike on Crimea, it would lead to the escalation of the conflict, while Kiev would face “inevitable retaliation using weapons of any kind.” He also said that such actions would preclude any possibility of talks with the Ukrainian government.

** Russian forces wipe out Ukrainian ammo depots in LPR and DPR — top brass

Russian forces destroyed Ukrainian ammunition depots in the Lugansk and Donetsk People’s Republics (LPR and DPR) over the past day in the special military operation in Ukraine, Defense Ministry Spokesman Lieutenant-General Igor Konashenkov reported on Monday.

"Ammunition depots of the Ukrainian army’s battlegroup Liman, 53rd mechanized and 25th air assault brigades were destroyed in areas near the settlements of Novoyegorovka in the Lugansk People’s Republic, Kramatorsk and Vodyanoye in the Donetsk People’s Republic," the spokesman said.

Reuters/RT/Tass

Attacks and displacement spread in Sudan's Darfur

The paramilitary force battling the army in Sudan has taken control of a town in South Darfur, triggering clashes, looting and a new wave of displacement, conflict monitors and a witness said on Monday.

Clashes between the Rapid Support Forces (RSF) and the army around the town of Kas had caused up to 5,000 households to flee, some of them from camps for displaced people, according to a tracking system run by the International Organization for Migration.

The war that erupted between the army and the RSF in the capital Khartoum has led to a surge of ethnically-charged violence and displacement in Darfur, the RSF's powerbase and a region already suffering from long-running conflict.

The RSF said on Sunday that it had taken control of an army base in Kas, seizing vehicles and weapons and capturing 30 soldiers as part of the wider conflict.

The Darfur Bar Association, an activist group that monitors the conflict, condemned what it called an attack on Kas by the RSF that had led to looting and theft.

Alfadil Mohamed, a witness, told Reuters there had been heavy clashes in the town, resulting in at least three deaths and the displacement of residents towards the east.

On Friday the U.S.-based Sudan Conflict Observatory reported that the RSF and aligned forces had allegedly carried out the targeted destruction of at least 26 communities in Darfur, forcibly displacing at least 668,000 civilians, since mid-April.

It said that the pattern of the attacks primarily against non-Arab communities was identical to those deployed by Sudan's government and the allied Janjaweed militias in 2003-2004, when mass atrocities were committed as they fought to crush a rebellion.

The RSF developed from the Janjaweed militias into a large and well-equipped fighting force with official status. It has said that recent violence against civilians in Darfur was tribal, and that it was not party to it.

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The current war, which erupted amid disputes over a planned transition towards civilian rule, has led to the displacement of more than 3 million people, including more than 700,000 who have crossed into neighbouring countries.

Fighting has continued in the capital, where the army said that on Saturday and Sunday the RSF had hit the Medical Corps complex and the military-owned Aliaa hospital in Omdurman, one of Khartoum's twin cities.

Aliaa, which treats both military and civilian patients, had also been hosting former Sudanese leader Omar al-Bashir, who was transferred there from prison before the start of the conflict along with other prominent detainees. The army did not give an update on Bashir's current whereabouts.

Beginning on Friday, intense clashes were seen in the city of Bahri, across the Nile from Omdurman and the capital Khartoum.

RSF leader General Mohamed Hamdan Dagalo claimed a victory for his forces there in an audio note on Monday.

"The choice of peace and stability in Sudan has always been and still is our choice... Yet, we are prepared for the choice of war and ready to sacrifice ourselves to ensure a decent life for our people," said Dagalo, widely known in Sudan as Hemedti, in an audio statement.

While the two sides have shown openness towards mediation efforts led by regional and international actors, none have resulted in a sustained ceasefire.

Reuters

Threads reached 100 million sign-ups within just five days of launch, with Mark Zuckerberg celebrating every step of the way, but the actual usage of Meta’s Twitter clone appears to have fallen off the proverbial cliff, data analysis has shown. 

Zuckerberg chose to launch Threads as an Instagram spinoff, prompting the photo platform’s user base to register for the text app when it launched on July 6. The cross-promotion helped the new platform reach ten million users in just seven hours, with Zuckerberg excitedly live-posting the growth. 

Within a week, Threads made it to 150 million downloads globally, with India accounting for 33% of the new users and Brazil another 22%, according to Data.ai. Americans made up just 16% of downloads, with Mexico (8%) and Japan (5%) following suit.

In the same time frame, however, Threads saw its daily active users (DAU) collapse by 40% and the average daily time per user dropping fourfold, according to data from SensorTower. Only 16% of users came back on the seventh day after downloading, and time spent on Threads over the weekend was down 60% from its July 6 launch high.

Despite Threads strong sign-ups/DAUs, ST data shows engagement remains low. Weekend time spent declined 60% from Jul 6 highs; this was 60% & 85% lower than avg time spent on Twitter & Insta, resp.

Even at its peak, on July 6, Threads had 85% lower user engagement than Instagram, and underperformed Twitter by 60% in the same metric, SensorTower analysts Abraham Yousef and Seema Shah told The Atlantic last week.

Additional data showed Threads usage collapsing from neatly 20 minutes a day on launch to just five after a week. Meanwhile, Twitter and Instagram both held steady at 30 and 60 minutes, respectively.

“I think there should be a public conversation app with 1 billion+ people on it,” Zuckerberg boasted after the launch of Threads. He also said Meta would be “focusing on kindness and making this a friendly place.”

In practice, this has translated into the kind of censorship already practiced on Facebook and Instagram, with the added prospect of people losing their Instagram accounts if they get banned for Threads posts.

Online data analysts have speculated that an audience interested in photos may not cross over well to text posts, while the Instagram integration has discouraged the anonymous meme accounts that have traditionally been the lifeblood of Twitter.

Fleeting user interest is not the only teething problem affecting Threads. Zuckerberg has already received a cease-and-desist letter from Twitter accusing him of plagiarizing their platform. On Monday, the House Judiciary Committee notified Zuckerberg that all of its subpoenas pertaining to Meta colluding with the government to censor people should be considered applicable to Threads as well.

The Atlantic also poured cold water on Threads’ 100-million milestone, noting that the first social network to reach it was Google+, which launched in 2011 but was shuttered in 2019 due to lack of interest.

Russia Today

Let's just admit it right off the bat: We hate meetings. 

Research has shown that meetings have increased in both length and frequency over the past 50 years. In the 1960s and 1970s, leaders spent roughly 10 hours a week in meetings; now it's upward of 25.

Meeting for meeting's sake happen all too often. It's begun to negatively impact individual productivity and organizational performance.

Busy knowledge workers can't afford to waste time in meetings, nor can their company's bottom line. The ones know this. So they schedule their days and weeks wisely. They build systems using intelligent emotional design.

That is, they plan, schedule and run meetings knowing how human emotions work. They meet with emotional intelligence. Decades of research in behavioral science and psychology shows that emotions work in ways you'd least expect them to. Knowing this is important to create positive meeting experiences.

Here are the two best habits people high in emotional intelligence use when optimizing for meetings in their day. 

Set the meeting location wisely

The first thing to realize is that the conversation during meetings happens long before you actually meet and begin talking. Most people don't know this.

Doing so requires a bit of foresight and planning, but the effort pays off down the road in terms of getting the most out of the meetings.

People high in emotional intelligence choose the location of these meetings wisely. They have in mind a few key spots they can suggest for an in-person gathering.

Choosing a more stimulating environment works wonders. Here are just three easy examples:

1. A unique and trendy coffee shop over your standard Starbucks.
2. A room with an outside view of some greenery. Or, better yet, a "green" room with lots of natural sunlight and plants (side note: Green rooms boost cognitive performance).
3. A "walking" meeting in which you can get these benefits on top of the added bonus of stimulating creative thinking and fostering a sense of trust and cooperation through effective nonverbal communication.

An exciting environment makes everything else seem more exciting to another person, including the other people in the meeting.

It's the result of what psychologists call the misattribution of emotions – humans are pretty bad at pinpointing the exact source of what's affecting their mood, whether good or bad.

In other words, having a meeting in an interesting place will lead those present to feel greater excitement and be in a more positive mood.

Due to mental misattribution, the attendees might not be able to identify the exact cause of that pleasant feeling state. But the brain needs answers. So it takes a shortcut – called heuristics – and says the positive feelings must be the result of what's immediately in front of them: the person and her words.

Start the meeting by priming it with positivity

Meetings require a bit of a ramp-up before jumping in. Though small talk is often seen as a time-waster, research has found that it is important for building rapport and trust.

This seemingly irrelevant element of a meeting actually increases the chances that it will lead to a positive outcome.

Not just any kind of small talk will do, though. Emotionally intelligent people are careful to stay away from common topics.

Instead of starting with, "How about those [insert local sports team her]" emotionally intelligent people are more strategic and creative in their pre-meeting chitchat. What they do is prime the attendee to enter into a positive mental state. They use the pliability of these feel-good states to their advantage.

Here are a couple of examples:

1. An internal meeting can begin with a conversation around a recent success story in the company, one in which the person you're meeting with had a direct hand in things.
2. An external meeting can start by addressing a person's recent wins and accomplishments. In both cases, the key to a successful outcome for both parties lies in the attendee's willingness to disclose and share the positive experience. Get him or her to talk.

Priming people with feel-good emotions at the beginning of a meeting gets them (and their brains) into a favorable state called broaden and build. The brain state leads people to broaden their perceptual experience and see other things, though unrelated, through a glow of positivity.

The result: When the actual meeting begins, the halo effect of the initial small talk makes bad things good and good things great. High emotional intelligence people apply this knowledge and steer the meeting topics accordingly.

Inc

Central Bank of Nigeria has slashed the mandatory cash reserve requirement for merchant banks by 70% to increase their liquidity and ability to extend loans to companies.

The cash reserve ratio for merchant banks has been reduced to 10% from 32.5% “to boost the banks’ ability to avail increased infrastructure, real sector and other long-term financing,” the Abuja-based bank said in circular to the banks.

The “measure is in recognition of the nuanced business model of the merchant banks, in particular their wholesale funding structure,” it said.

The cash reserve ratio is the share of a bank’s customer funds that must be deposited with the CBN. The regulator deploys the ratio to regulate money supply and credit in the economy. It increased the ratio for merchant and commercial lenders in September to 32.5% from 27.5% to curb credit and inflationary pressure on the economy.

The new merchant banks’ cash reserve requirement takes effect Aug. 1, the CBN said. There are six institutions licensed to operate as merchant banks in the country, according to the regulator’s website.

Bloomberg