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Wednesday, 05 April 2023 03:24

What to know after Day 405 of Russia-Ukraine war

WESTERN PERSPECTIVE US to send more weapons as Ukraine readies offensive Ukraine's armed forces said they had repelled 45 Russian attacks during the past 24 hours as fighting raged in and around the city of Bakhmut, while Washington pledged more weapons to help Kyiv prepare for a spring counteroffensive. After weathering a punishing, months-long assault in eastern Ukraine, Kyiv's military commanders have said a counteroffensive is not far off but have stressed the importance of holding towns, including Bakhmut, and inflicting losses in the meantime. "The question of our counter-attack is under active discussion by American and European political circles…

Tuesday, 04 April 2023 03:30

What to know after Day 404 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine battles on in Bakhmut as Finland joins NATO Fierce fighting continued in and around Bakhmut as Kyiv mocked Russian claims to have captured the administrative centre of the eastern Ukrainian city, saying its foes had raised a victory flag over "some kind of toilet". The battle for the mining city and logistics hub of Bakhmut has been one of the bloodiest of the conflict, now in its second year, with many casualties on both sides and the city largely destroyed by bombardments. Yevgeny Prigozhin, head of the Wagner mercenary force spearheading the siege, said on Sunday his…

Monday, 03 April 2023 03:34

What to know after Day 403 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Wagner chief declares Bakhmut ‘formally captured’ The head of the Russian private military company (PMC), Evgeny Prigozhin, has announced a milestone achievement in the battle for the city of Artryomovsk (known in Ukraine as Bakhmut), publishing a video allegedly taken in front of the town’s administrative building on Sunday evening. “We hoisted the Russian flag with the inscription ‘Good memory to Vladlen Tatarsky’ and the flag of PMC Wagner on top of the city administration of Bakhmut,” Prigozhin said in the clip. Prigozhin’s announcement comes just hours after prominent Russian military blogger Tatarsky (real name Maksim Fomin) was…

Sunday, 02 April 2023 03:07

Domestic debts owed by states increased by N870bn in 2022. This is what your state is owing

The domestic debt owed by state governments and the Federal Capital Territory administration rose to N5.33tn as of the end of December 2022. The sub-national domestic debt stock was N4.46tn by the end of 2021, which means it rose by N870bn within one year. The latest figures released by the Debt Management Office indicated that Lagos State recorded the highest domestic debt as of the end of Q4 2022 with N807.21bn; this was followed by Delta State with N304.25bn and Ogun State with N270.45bn. On the other hand, the lowest debt was recorded by Jigawa State with N43.95bn, followed by…

Sunday, 02 April 2023 03:04

Lagos closes section of Third Mainland Bridge for repairs today

Lagos state government says a section of the Third Mainland Bridge will be shut for repairs on Sunday. In a statement released on Saturday, Frederic Oladeinde, Lagos commissioner of transportation, said a section of the bridge will be shut from 9 am to 4 pm on Sunday for repairs of some “failed sections”. The commissioner said traffic will be diverted from one lane to another lane at the identified “failed asphaltic sections” on the bridge. “About the notification received for the readiness of the Lagos State Public Works Corporation to repair the identified failed/peeled asphaltic sections of the Third Mainland…

Sunday, 02 April 2023 03:02

What to know after Day 402 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia boosts ammunition production – defense minister Russia has significantly boosted production of ammunition to support its troops in the Ukraine conflict, Defense Minister Sergey Shoigu said on Saturday. Shoigu delivered his remarks as he met with top military officials at the headquarters of the joint staff of the Russian armed forces, according to the ministry’s statement. There, he was briefed on the current battlefield situation while also raising the issue of supplying the army with munitions. During the gathering, the minister assured those assembled that “the provision to troops of weapons of destruction is currently under constant…

Saturday, 01 April 2023 03:38

Nigeria Sovereign Investment Authority increased assets to N1.02trn but got lower revenue in 2022 - Report

Nigeria Sovereign Investment Authority (NSIA) says its total assets grew to N1.02 trillion at the close of the financial year which ended December 31, 2022. In its 2022 full-year audited results released on Thursday, the investment institution said the asset growth indicated a 10.5 percent increase from the N919.73 billion recorded in 2021. NSIA said its non-volatile revenue such as interest income, revenue from infrastructure business, and management fees earned from fiduciary activities, increased by 34.5 percent (N15.7 billion) year-over-year. The institution, however, noted its total comprehensive income was N96.96 billion in 2022, representing a decline of 34 percent compared…

Saturday, 01 April 2023 03:37

Police kill 4 among protesters demanding release of Nnamdi Kanu in Abia

At least four people have died following a clash between police officers and members of the Indigenous People of Biafra in Abia state. The incident, which happened on Friday in Osusu area, Abia North Local Government Area of the state, had IPOB members clad in white outfits and were reportedly protesting on the streets to demand the release of their leader, Nnamdi Kanu, when they were accosted by the police. The clash led to disruption of economic activities in the area. It was reported that officers shot sporadically to disperse the protesters while four of them were hit by the…

Saturday, 01 April 2023 03:36

What to know after Day 401 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia seeks arms-for-food deal with North Korea, US alleges The White House on Thursday said it has new evidence that Russia is looking again to North Korea for weapons to fuel the war in Ukraine, this time in a deal that would provide Pyongyang with needed food and other commodities in return. It’s the latest accusation that Russia, desperate for weaponry and restricted by sanctions and export controls, is turning to “rogue” nations to help it continue to prosecute the 13-month-old war. “As part of this proposed deal, Russia would receive over two dozen kinds of weapons and…

Friday, 31 March 2023 02:08

Nigeria’s public debt increased by N6.7trillion in 2022 - DMO

Debt Management Office (DMO) says Nigeria’s total public debt hit N46.25 trillion at the end of the fourth quarter (Q4) of 2022. The country’s public debt consists of domestic and external debt stocks of the federal government of Nigeria (FGN) and the subnational governments — the 36 states and the federal capital territory (FCT). The DMO, in a statement on Thursday, said the comparative debt stock for December 31, 2021, was N39.56 trillion — representing an increase of N6.69 trillion when compared with the latest figure. The 2022 data is also an increase of about N2 trillion compared to the…

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Friday, 31 March 2023 02:03

Timipre Sylva resigns as oil minister

Timipre Sylva has resigned as minister of state for petroleum to seek a new term as governor of oil-producing Bayelsa State in the southern Niger Delta, ministry and presidency sources told Reuters on Thursday. Sylva's resignation comes at a time of political transition in Nigeria, with President Muhammadu Buhari serving his final weeks in office before giving way to President-elect Bola Tinubu on May 29. Sylva handed his resignation letter last week to Buhari, who doubles as petroleum minister, and stopped coming to the office, said two sources who did not want to be identified. They said he would be…

Friday, 31 March 2023 01:58

What to know after Day 400 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kremlin comments on arrest of WSJ correspondent Wall Street Journal (WSJ) correspondent Evan Gershkovich was caught “red-handed” trying to obtain Russian state secrets, Kremlin spokesman Dmitry Peskov has claimed. The Federal Security Service (FSB) announced on Thursday that the reporter had been detained in the city of Ekaterinburg on suspicion of espionage. Speaking to journalists via conference call, Peskov was asked to comment on the arrest of the American citizen and whether Russia will cooperate with US security services on the issue. The spokesperson stated that he does not know the full details of the case and that…

Thursday, 30 March 2023 02:54

SSS alerts Nigerians of plot to institute Interim Govt

Nigeria’s secret police, the State Security Services (SSS), on Wednesday announced that some key players are plotting an unconstitutional interim government for Nigeria, confirming an alarm that had been raised weeks before the general elections. The agency said it considers the plot as an “aberration and a mischievous” way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis. A statement by the SSS spokesperson, Peter Afunanya, said the planners, in their many meetings, have weighed various options, which include, among others, sponsoring endless violent mass protests in major cities to…

Thursday, 30 March 2023 02:52

US hikes visitor, student, work visa fees I’m

The United States has announced a hike in fees for certain nonimmigrant visa applications (NIV). In a statement on Wednesday, the US department of state said the hike in the affected NIV fees was implemented after a review of the country’s costs of providing these services. The hike also affects the border crossing card (BCC) for Mexican citizens aged 15 and over. The department of state is committed to facilitating legitimate travel to the United States for both immigrant and nonimmigrant travelers. “These increases were published in the federal register on March 28, 2023, and will be effective on May…

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