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Tuesday, 07 March 2023 06:01

Banks start paying customers old N500, N1000 notes

Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old notes. Daily Trust checks showed that some commercial banks in Kano and Abuja have commenced paying out the old N500 and N1000 notes. While some branches of Guarantee Trust Bank (GTB) issued out old notes, some others like Polaris bank in Abuja had not commenced as of the time this report was filed. A member of staff confided in our reporter that only the old N200 notes were still…

Tuesday, 07 March 2023 05:58

What to know after Day 376 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine vows not to give up on Bakhmut amid constant Russian attacks Ukraine's top military commanders have vowed to keep defending the besieged city of Bakhmut, where Russia is hoping to make its first major wartime gain in more than half a year, and will strengthen their defences, President Volodymyr Zelenskiy said. Amidst some of the bloodiest fighting of the more than one-year long invasion, Moscow says capturing the city would be a step towards its major objective of seizing the full territory of the surrounding Donbas region. The General Staff of Ukraine's armed forces late on Monday…

Monday, 06 March 2023 05:52

‘To those extending arm of friendship, I offer mine in return’, Tinubu tells world leaders

Bola Tinubu, president-elect of Nigeria, says he is ready to work with world leaders who have “extended the arm of friendship” following his victory at the presidential poll. Tinubu, candidate of the ruling All Progressives Congress (APC), won 8,794,726 votes to defeat Atiku Abubakar of the Peoples Democratic Party (PDP) who had 6,984,520 votes and Peter Obi, Labour Party flagbearer, who polled 6,101,533. Congratulatory messages have been pouring in from world leaders since the announcement, with the United States of America and Rishi Sunak, UK prime minister, commending the APC standard bearer. Tinubu, in a tweet on Sunday, said the…

Monday, 06 March 2023 05:49

What to know after Day 375 of Russia-Ukraine war

WESTERN PERSPECTIVE Turkey says it is working to renew Black Sea grain deal Turkish Foreign Minister Mevlut Cavusoglu said on Sunday that Ankara is working hard to extend a U.N.-backed initiative that has enabled Ukraine to export grain from ports blockaded by Russia. FIGHTING * Ukrainian forces defending Bakhmut face increasingly strong pressure from Russian forces, British military intelligence said on Saturday, with intense fighting taking place in and around the eastern city. * A woman and two children were killed in Russian mortar shelling of a village in the southern Ukrainian region of Kherson, the head of Ukraine's presidential…

Sunday, 05 March 2023 06:01

What to know after Day 374 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine forces defending Bakhmut under increasingly severe pressure Ukrainian forces defending Bakhmut are facing increasingly strong pressure from Russian forces, British military intelligence said on Saturday, with intense fighting taking place in and around the eastern city. Ukraine is reinforcing the area with elite units, while regular Russian army and forces of the private military Wagner group have made further advances into Bakhmut's northern suburbs, the British Defence Ministry said in its daily intelligence bulletin. Advertisement · Scroll to continue The Ukraine armed forces' general staff said in a Facebook post late on Saturday that Russian troops were…

Saturday, 04 March 2023 04:31

12 die as bus loaded with stolen crude oil bursts into flames

The Police Command in Rivers has confirmed that 12 persons died in the Friday morning explosion in Rumuekpe community of Emoha Local Government Area of the state. Spokesperson for the command, Grace Iringe-Koko, said, in a statement in Port Harcourt, that preliminary investigation indicated that the victims were scooping crude product when the site caught fire. The explosion occurred as a bus loaded with some siphoned crude went up in flames, as it was leaving the spot for an illegal refinery in the area. “So far, 12 persons are believed to have been burnt to death. The identities of the…

Saturday, 04 March 2023 04:29

What to know after Day 373 of Russia-Ukraine war

WESTERN PERSPECTIVE Biden, Scholz vow to punish Russia for war in Ukraine U.S. President Joe Biden and German Chancellor Olaf Scholz vowed on Friday to keep imposing costs on Russia for its war in Ukraine, now in its second year, as an EU official said any arms provided by China to Russia would trigger sanctions. Biden and Scholz met in private in the Oval Office for over an hour, a senior administration official said. Their discussion focused on the importance of continued "global solidarity" with the people of Ukraine, and ongoing efforts to provide security, humanitarian, economic, and political assistance…

Friday, 03 March 2023 11:42

Supreme Court extends validity of old Naira notes, rebukes Buhari for disobedience of court order

The Supreme Court has extended the the validity of the N200, N500, and N1,000 notes till 31 December. A seven-member panel of the court led by John Okoro unanimously directed that the CBN must continue to receive the old notes from Nigerians The court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid. Emmanuel Agim, a member of the panel, who read the lead judgement, also condemned President Muhammadu Buhari’s disobedience of the court’s 8 February order that the old N200, N500, and…

Friday, 03 March 2023 06:01

What to know after Day 372 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Ex-Russian president names ‘red line’ for direct war with NATO Canadian and German troops teaching Ukrainians how to use Leopard tanks already qualifies as participation in the conflict, but sending fighter jets to Poland would mean “direct entry,” former Russian President Dmitry Medvedev said on Thursday. Medvedev, who is also deputy chair of the Russian Security Council, warned the US and its allies that they can be treated as parties to the conflict “if, in addition to supplying weapons, they train personnel to operate them,” citing legal precedents from the early 20th century. Tank training on EU territory…

Thursday, 02 March 2023 15:13

Tinubu ‘with a reputation for lavish spending and corruption’ to replace Buhari ‘with a reputation for financial propriety’ - The Times, UK

Bola Tinubu, a wealthy kleptocratic “godfather” of politics who campaigned on the slogan “It’s my turn”, has been declared winner of Nigeria’s disputed presidential election. The result means Africa’s most populous country and largest economy has replaced Muhammadu Buhari, an ailing northern octogenarian Muslim with a reputation for financial propriety, with an ailing southern septuagenarian Muslim with a reputation for lavish spending and corruption. Tinubu, the ruling party’s 70-year-old candidate, was declared the winner in the early hours of Wednesday with 36 per cent of the vote, ahead of Atiku Abubakar on 29 per cent and Peter Obi on 25…

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Thursday, 02 March 2023 06:02

What to know after Day 371 of Russia-Ukraine war

WESTERN PERSPECTIVE US seeks allies' backing for possible China sanctions over Ukraine war The United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources. The consultations, which are still at a preliminary stage, are intended to drum up support from a range of countries, especially those in the wealthy Group of 7 (G7), to coordinate support for any possible restrictions. It was not clear what specific sanctions Washington will propose. The conversations have not…

Wednesday, 01 March 2023 03:30

What to know after Day 370 of Russia-Ukraine war

RUSSIAN PERSPECTIVE US preparing false flag chemical attacks in Ukraine – Moscow The US is preparing to stage false flag chemical attacks in Ukraine to pin the blame on Moscow for the use of banned toxic agents, the chief of Russia’s Nuclear Biological and Chemical Defense troops, Igor Kirillov, has said. The Americans believe that the international community wouldn’t be able to organize an effective investigation of such “provocations” due to the fighting between Russian and Ukrainian forces, which would allow Washington to escape responsibility, Kirillov said during a briefing on Tuesday. Russia’s Defense Ministry has obtained information that a…

Tuesday, 28 February 2023 06:10

What to know about US’ increase of visa validity period for Nigerians

The United States government has said from March 1, validity period for visitors’ visas for Nigerians wishing to travel temporarily to the U.S for business or tourism would be increased from 24 to 60 months. The U.S Embassy in Abuja disclosed this in a statement on Monday. The Embassy stated that the visa validity extension would allow Nigerians use the visa for 60 months to make short trips to the United States for tourism or business purposes before having to renew it. “Effective March 1, 2023, the U.S. Mission will increase visitor visa validity from 24 months to 60 months…

Tuesday, 28 February 2023 06:07

Appeal Court justice slumps in chamber, dies in Ondo

A Justice of the Court of Appeal, sitting in Akure, the Ondo State capital, Lokulo-Sodipe, is dead. The justice was said to have slumped in his office on Monday while dressing up to attend a court session. It was gathered that all attempts to revive him proved abortive as he reportedly gave up the ghost on the way to the hospital. He died at the age of 67. The immediate past Chairman of the Akure branch of the Nigeria Bar Association, Rotimi Olorunfemi, confirmed the incident on a WhatsApp platform. He simply said, “Just confirmed it (the judge’s death) is…

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