News

Thursday, 16 March 2023 03:21

FG issues fresh N360bn bond in 4 categories

Debt Management Office (DMO) has called for subscriptions for four N90bn savings bonds. The DMO, in a statement yesterday, stated that it is receiving the subscription by auction and called for applications of 1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter. It described the four bonds as N90bn with 13.98 per cent interest and 10 years reopening. This is followed by “a N90bn bond which has a 12.50 per cent and would be reopened after 15 years; 20 years N90bn with 16.2499 per cent interest and N90bn with 14.80 per cent interest…

Thursday, 16 March 2023 03:18

What to know after Day 385 of Russia-Ukraine war

WESTERN PERSPECTIVE US and Russian military chiefs in rare talks after drone downed Washington's top general said the crash of a U.S. surveillance drone after being intercepted by Russian jets showed Moscow's increasingly aggressive behaviour, while Russia warned Washington that flying drones near Crimea risked escalation. A day after the U.S. drone went down over the Black Sea, defence ministers and military chiefs from the U.S. and Russia held rare telephone conversations on Wednesday, with relations at their lowest point in decades over Moscow's invasion of Ukraine. Moscow's defence minister, Sergei Shoigu, told his U.S. counterpart, Lloyd Austin, that American…

Wednesday, 15 March 2023 06:15

Banks lengthen request time for FX school fees abroad, slash PTA, BTA

Nigerian banks have announced a reduction in the amount of dollars available to customers for personal travel allowance (PTA) and business travel allowance (BTA) on a bi-annual basis. According to the new directive, PTA available to customers will now be slashed by 50 per cent from $4,000 to $2,000 while the BTA will be slashed by 60 per cent from $5,000 to $2,000. The banks announced the development in emails sent to their customers recently. The banks also extended the processing time for accessing foreign exchange (FX) for international school fees processed through Form A from 48 hours to 120…

Wednesday, 15 March 2023 06:12

Two Russian fighter jets intercept American spy drone, causing it to crash into Black Sea

A Russian Su-27 fighter jet intercepted and struck the propeller of a U.S. military MQ-9 "Reaper" surveillance drone on Tuesday, causing it to crash into the Black Sea in an incident condemned as "unsafe" by the U.S. military. Two Russian Su-27 jets carried out the intercept of the American spy drone, and one of them collided with it at 7:03 a.m. (0603 GMT). Several times before the collision, the Russian fighter jets dumped fuel on the MQ-9 and flew in front of it in unsafe maneuvers, the U.S. military said in a statement. "Our MQ-9 aircraft was conducting routine operations…

Wednesday, 15 March 2023 06:11

What to know after Day 384 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia is fighting for its very existence – Putin The ongoing conflict with Ukraine – and the West – is a fight for Russia’s very existence, rather than a mere geopolitical game, President Vladimir Putin has said. He made the remarks on Tuesday while meeting with aircraft factory workers in the capital city of Russia’s Buryatia Republic, Ulan-Ude. “For our Western so-called ‘partners’ – for, actually, our adversaries, we can say that openly today – the matter is about improving their geopolitical stance,” Putin stated, adding that the situation is very different for Moscow. Destabilization and “tearing apart”…

Tuesday, 14 March 2023 05:59

Naira redesign: I didn’t tell Malami, Emefiele to disobey court order - Buhari

PRESS RELEASE The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties. Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can't practise democracy without the rule of law and the commitment…

Tuesday, 14 March 2023 05:59

CBN issues directive for recirculation of old N500, N1000 notes

Central Bank of Nigeria (CBN) has approved the circulation of old N500 and N1000 notes. The apex bank confirmed this in a statement issued on Monday. In the statement issued by Isa Abdulmumin, CBN spokesperson, the apex bank directed commercial banks to start issuing and accepting old notes. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to…

Tuesday, 14 March 2023 05:51

NCC mandates harmonised short codes for MTN, Glo, others. Here are codes to use to check balance, recharge, others on all networks

In line with its consumer-centric approach to telecoms regulation, Nigerian Communications Commission has directed mobile network operators (MNOs) to commence implementation of approved harmonised short codes (HSC) for providing certain services to telecom consumers in Nigeria. The Commission has already set a deadline of 17 May, 2023, for all mobile networks to fully migrate from hitherto diverse short codes to the harmonised codes. The use of harmonised short codes is aimed at achieving uniformity in common short codes across networks. This means that the code for checking airtime balance is the same across all mobile networks for the same function,…

Tuesday, 14 March 2023 05:50

NIMC fixes search fees for passport issuance in Nigeria, overseas

Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National Identity Management Commission disclosed this in a statement signed by its Head, Corporate Communications, Kayode Adegoke, on Monday. According to the commission, the fee is to improve the quality of service, accuracy, and speed of passport services through timely verification of NIN. It stated that it agreed on this framework with the Nigerian Immigration Service. NIMC said, “This new arrangement is in furtherance of the Federal Ministry of Communications and Digital Economy’s directive to streamline passport application, renewal, and issuance…

Tuesday, 14 March 2023 05:49

FG to close Lagos int’l airport runways for repairs

Federal Airports Authority of Nigeria (FAAN) says it will close runways 18R and 36L at the Murtala Muhammed International Airport (MMIA) in Lagos for maintenance. FAAN disclosed this in a tweet on Monday. The agency said work on the runways will last for eight weeks. It also assured that normal airlines’ activities would not be affected, as the taxi way B-18L would be used for all flight operations. “This is to notify the public that runway 18R/36L of the Murtala Muhammed International Airport, Lagos has been closed for 8 weeks for Maintenance work to be carried out,” the statement reads.…

More...

Tuesday, 14 March 2023 05:47

What to know after Day 383 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia, Ukraine battle for Bakhmut as ICC seeks war crime arrest warrants Ukraine's future hinges on the outcome of fighting with Russia in and around Bakhmut, President Volodymyr Zelenskiy said, with both sides describing relentless battles as Moscow intensifies a winter campaign to capture the small eastern city. In what would be the first international war crimes cases arising from Russia's invasion, the International Criminal Court (ICC) is expected to seek the arrest of Russian officials for forcibly deporting children from Ukraine and targeting civilian infrastructure, a source told Reuters. Moscow would be certain to reject arrest warrants…

Monday, 13 March 2023 06:04

NiMet warns farmers against planting on false onset of rainfall

Nigerian Meteorological Agency (NiMet), has warned farmers in Abuja and the adjoining North Central States who have experienced some rainfall in the last two weeks to desist from planting crops as the rainy season hasn’t commenced in these areas. Director General of NiMet Mansur Matazu told our correspondent that the rains that we have witnessed in Abuja and the environs are just a false onset and don’t represent the commencement of the rainy season. “What happened in Abuja is a false onset as it was predicted in our Seasonal Climate Prediction (SCP) which we categorized as pre-onset activities. However, extreme…

Monday, 13 March 2023 06:01

What to know after Day 382 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Hatred of Putin makes US officials ‘do dumb things’ – Seymour Hersh Legendary investigative journalist Seymour Hersh on Sunday offered a theory for what he sees as “complete idiocy” in foreign policy from US officials. He told Chinese state television that he believes they’re so consumed by hatred of Russian President Vladimir Putin that they stumble into bad decisions. Hersh, the Pulitzer Prize-winning journalist who reported last month that US President Joe Biden ordered last fall’s sabotage of the Nord Stream natural gas pipelines, has called the alleged plot one of Washington’s “dumbest” decisions in years. However, the…

Sunday, 12 March 2023 06:04

What to know after Day 381 of Russia-Ukraine war

WESTERN PERSPECTIVE Russian shelling kills Kherson residents, Zelenskiy denounces 'terrorist attacks' Russian shelling killed three civilians in the southern Ukrainian city of Kherson on Saturday, President Volodymyr Zelenskiy said, denouncing what he called "brutal terrorist attacks" by pro-Moscow units. Ukraine recaptured Kherson in November after nearly eight months of occupation by Russian forces who seized it soon after the start of the large-scale invasion. The area is now under almost constant bombardment from Russian forces on the opposite side of the Dnipro River. One more person died in the eastern Donetsk region, regional officials said. Zelenskiy said the three people…

Page 100 of 826

News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS