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Monday, 30 January 2023 06:03

FG generates N1.3tn, $4bn from concessioned assets

A total of 54 public assets have been concessioned under the government of President Muhammadu Buhari. The assets approved by the Federal Executive Council and franchised to private investors generated total revenue of N1.318trn and $4.072bn in six years. The concessioned assets are expected to be managed by private companies for a period of five to 55 years. The public-private partnership model was an initiative by the current government to renovate and maintain public acquisitions. A year-by-year breakdown according to the Infrastructure Concession Regulatory Commission showed that in 2017 a total of N1bn was generated. This was after a two-year…

Monday, 30 January 2023 06:02

NYSC gets new Director-General

President Muhammadu Buhari has approved the appointment of Yusha’u Ahmed, a brigadier-general, as the director-general of the National Youth Service Corps (NYSC). Ahmed is expected to assume office as the NYSC DG on Monday. Eddy Megwa, NYSC spokesperson, confirmed the development on Sunday. In November 2022, Christy Uba, director of information and communications technology, NYSC, took over the leadership of the corps in “overseer” capacity. Uba took over after Mohammed Fadah was removed from his position as director-general of the NYSC. Fadah was removed over alleged incompetence, and asked to hand over to the most senior official in the corps.…

Monday, 30 January 2023 06:01

What to know after Day 335 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine needs more weapons faster, Zelenskiy says Ukraine needs new weapons and faster deliveries to confront a "very tough" situation of constant attacks by Russian forces in the eastern Donetsk region, President Volodymyr Zelenskiy said on Sunday. "The situation is very tough. Bakhmut, Vuhledar and other sectors in Donetsk region -- there are constant Russian attacks. There are constant attempts to break through our defences," Zelenskiy said in his nightly video address. "Russia wants the war to drag on and exhaust our forces. So we have to make time our weapon. We have to speed up events, speed…

Sunday, 29 January 2023 12:31

CBN bows to pressure, extends old naira deadline

Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. CBN stated this in a release on Sunday. The apex bank said it added “a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes.” This is according to the CBN governor, Godwin Emefiele. He also noted that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023, described as “grace period.” There has been pressure from many Nigerians and groups concerning…

Sunday, 29 January 2023 06:06

Ganduje to Buhari: Don’t come to Kano at this time

Governor Abdullahi Umar Ganduje of Kano state has confirmed that he sent a letter to the Presidency to seek postponement of President Muhammadu Buhari’s visit to the state for commissioning of projects. The president was expected to pay a one-day visit to the state on Monday. However, the governor said because the state is deeply concerned by the hardship attributed to the Central Bank of Nigeria (CBN) deadline of old naira notes and for security reasons, he wrote to Presidency that the visit be postponed. He made this known during an interactive sessions with scholars, legislators, political leaders and business…

Sunday, 29 January 2023 06:04

US Air Force general predicts war with China in 2025, tells officers to get ready

A four-star Air Force general sent a memo on Friday to the officers he commands that predicts the U.S. will be at war with China in two years and tells them to get ready to prep by firing "a clip" at a target, and "aim for the head." In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.” Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling. Minihan…

Sunday, 29 January 2023 06:03

What to know after Day 335 of Russia-Ukraine war

WESTERN PERSPECTIVE U.S. intel chief warns of 'devastating' impact of Russian missile attacks President Biden’s chief intelligence adviser raised fresh concerns Thursday night that Russian missile attacks are having a “devastating” impact on the Ukrainian economy, noting that the war has already reduced the country's gross domestic product by nearly one-third. Speaking during a question-and-answer session at the Lyndon B. Johnson Presidential Library, Director of National Intelligence Avril Haines said U.S. officials so far “do not see any reduction in the resolve of the Ukrainians to fight this war.” But at the same time, Haines seemed to offer a more…

Saturday, 28 January 2023 05:53

Abuja bound train derails, second in one week

Nigerian Railway Corporation (NRC) has suspended the Abuja-Kaduna rail services after a train derailed on the corridor. A train said to be a few minutes from its destination in Abuja derailed on Friday afternoon. The incident was said to have occurred in the Kubwa area of the federal capital territory (FCT). In an update, NRC said it suspended services on the route, due to ‘unforeseen circumstances’. “Due to unforeseen circumstances, the Abuja-Kaduna train services has been suspended,” the corporation said in an update on its mobile application. The development comes a few days after the Warri-Itakpe train service derailed at…

Saturday, 28 January 2023 05:49

What to know after Day 334 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Trump reacts to Ukraine tank plans Washington’s decision to send M1 Abrams main battle tanks to Ukraine could bring the world closer to a nuclear conflict, former US President Donald Trump has warned. “FIRST COME THE TANKS, THEN COME THE NUKES. Get this crazy war ended, NOW. So easy to do,” Trump wrote on his social media platform Truth Social on Thursday. The 45th president has argued in the past that the conflict between Russia and Ukraine would not have happened had he still been in office. Republican Congressman Troy Nehls suggested in a Fox News interview on…

Friday, 27 January 2023 05:57

Katsina residents protest fuel scarcity, inflation, insecurity during Buhari’s visit

Some residents of Katsina state expressed anger over the naira redesign policy during President Muhammad Buharı’s visit to the state on Thursday. The residents staged the protest at Kofar Kaura, Kofar Kwaya and on Yahaya Madaki way in Katsina, saying the economic policy of the government is not working. The protesters lit bonfire and threw stones and other items at some government vehicles. The protesters said they were displeased over fuel scarcity, inflation and insecurity. An eyewitness told our correspondent that immediately the president left Kofar Kaura, some youths who were shouting “Bamayi” began to burn tyres and pelt stones…

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Friday, 27 January 2023 05:56

Protesters block Lagos-Benin expressway over high petrol prices, scarcity

Protesters, on Thursday, blocked the Lagos-Benin expressway at Oluku junction in response to the hike in petrol litre price and the scarcity of the product. Motorists and passengers, who were left stranded for hours, expressed dissatisfaction over the situation. The protesters, many of them youths, lamented the hike in petrol price as well its unavailability. The development comes less than 72 hours after President Muhammadu Buhari approved the setup of a 14-member steering committee on petroleum products supply and distribution management. The constitution of the committee was announced on Tuesday in a statement signed by Horatius Egua, senior adviser (media…

Friday, 27 January 2023 05:54

Edo to shut event centres, churches, mosques without soundproof

Edo State government has said that churches, mosques, event centres, clubs, lounges, and other public spaces that do not meet the state’s guidelines on noise pollution, including installation of soundproof materials will be sealed by March 31. A joint task force comprising officials of Edo State Ministry of Physical Planning, Housing, Urban and Regional Development and the Ministry of Environment and Sustainability has been serving notices to the facilities, intimating them that a 90-day grace period has been granted for those affected to install soundproof materials in their facilities. The move is sequel to a stakeholders’ meeting between government officials…

Friday, 27 January 2023 05:53

What to know after Day 333 of Russia-Ukraine war

RUSSIAN PERSPECTIVE ** Zelensky calls Putin a ‘nobody’ Ukrainian President Vladimir Zelensky has dismissed his Russian counterpart, Vladimir Putin, as a “nobody” who is not worth talking with. The Ukrainian leader had previously claimed that Putin may not be alive at all. Zelensky made the remarks in an interview with Sky News, recorded on Wednesday. Journalist Kay Burley asked him what would happen if he was “in a room alone with President Putin” and whether it would help resolve the conflict with Russia. After a long pause Zelensky replied: “It’s not interesting for me. Not interesting to meet. Not interesting…

Thursday, 26 January 2023 05:46

What to know after Day 332 of Russia-Ukraine war

WESTERN PERSPECTIVE Germany, U.S., to send battle tanks to help Ukraine fight off Russia The United States and Germany announced plans to send Ukraine dozens of advanced battle tanks, hailed by Kyiv as a potential turning point in its fight to repel Russia's invasion but denounced by Moscow as an "extremely dangerous" step. Saying Ukraine now has a "tank coalition," President Volodymyr Zelenskiy praised the commitments and urged allies to provide large quantities of tanks quickly. "The key now is speed and volumes. Speed in training our forces, speed in supplying tanks to Ukraine. The numbers in tank support," he…

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