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Tuesday, 10 January 2023 05:56

DSS DG’s wife orders detention of Kano gov candidate

Department of State Services has arrested the Kano State governorship candidate of the New Nigerian Peoples Party, Abba Yusuf. Yusuf was said to have been arrested on the order of the wife of the Director-General of the DSS, Aisha Bichi, following a confrontation between the duo at the VIP lounge gate of the Aminu Kano International Airport on Sunday night. The governorship candidate’s convoy was said to have caused traffic congestion which prevented Bichi’s convoy from gaining access to the VIP lounge. In a move to clear the ensuing traffic gridlock, there was an altercation between the DSS operatives and…

Tuesday, 10 January 2023 05:52

Police kill one as Yoruba Nation advocates hold rally in Lagos

A man was killed in the Ojota area of Lagos on Monday, as some ‘Yoruba Nation’ agitators held a rally. A Yoruba Nation group had planned to hold a “super mega“ rally in Ojota to continue their demand for a separate Yoruba country from southwest Nigeria. Police spokesperson in the state, Benjamin Hundeyin, said that a yet-to-be-identified man lost his life in the unrest. He said “normalcy has returned,” to the area. “Yoruba Nation agitators came out to disrupt normal activities and the police stepped in to prevent that,” he said via telephone. He noted that the Yoruba Nation members…

Tuesday, 10 January 2023 05:51

What to know after Day 321 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Macron speaks of ‘Putin’s paradox’ Russian President Vladimir Putin is not an “unpleasant” man, Emmanuel Macron has said, but that cannot be an excuse for launching a “war” on Ukraine. The French president made the bizarre remark during an appearance on Saturday at Les Rencontres du Papotin, a TV program hosted by a group of journalists with autism. Macron was grilled by the journalists on assorted issues, including his ties with Putin. “When you meet him like that, he’s not unpleasant. That’s the paradox,” Macron stated, adding that “there is nothing to justify starting a war.” The French…

Monday, 09 January 2023 05:37

Cash withdrawal limits begin today in all banks

Four days after the Central Bank of Nigeria (CBN) directed commercial banks to suspend over-the-counter dispensing of the new naira notes and use their Automated Teller Machines (ATMs) to ensure wider circulation, compliance level has been abysmally low as customers continue to get the old currency slated to be junked on January 31. Meanwhile, the policy on restriction on daily cash withdrawal takes off today, Monday, January 9. Under this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is now N500,000 and N5 million, respectively. Thus, anyone or organisation that has a…

Monday, 09 January 2023 05:33

What to know after Day 320 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia says its forces eliminated over 600 Ukrainian troops in retaliation strike Russia’s armed forces have killed more than 600 Ukrainian servicemen in a massive rocket strike on temporary bases in Kramatorsk, Defense Ministry Spokesman Lieutenant-General Igor Konashenkov said on Sunday. "Over the past day, Russian intelligence means detected and reliably confirmed through various independent channels some temporary bases of Ukrainian servicemen in Kramatorsk," the spokesman said. "As a result of a massive rocket strike on these temporary bases of Ukrainian units, more than 600 Ukrainian servicemen were killed," he added. Over 700 Ukrainian servicemen were at dormitory…

Sunday, 08 January 2023 06:08

Army reshuffles command positions. This is who’s where

Nigerian Army has carried out a major redeployment of some of its general officers commanding (GOCs) and senior officers across its units and formations. Onyema Nwachukwu, army spokesperson, announced the development in a statement on Saturday. Nwachukwu said the redeployment of the officers was an effort to “ensure administrative and operational efficiency in the army”. He added that the redeployment of the officers takes effect from January 11. Those also affected in the redeployment, which was approved by Faruk Yahaya, chief of army staff, include some principal staff officers of the army headquarters, corps commanders, commandants of training institutions, brigade…

Sunday, 08 January 2023 06:04

What to know after Day 319 of Russia-Ukraine war

WESTERN PERSPECTIVE The founder of Russia's most high-profile mercenary group said on Saturday he wanted his forces and the regular Russian army to capture the small city of Bakhmut in eastern Ukraine because it possessed "underground cities" that can hold troops and tanks. Russia's grinding more than five months-long push to try to take Bakhmut has puzzled some Western military analysts who have said that heavy losses incurred on the Russian side and the fact that Ukraine has built defensive lines to fall back to nearby mean any Russian victory there, if it happens, would be pyrrhic. Yevgeny Prigozhin, founder…

Saturday, 07 January 2023 05:56

New Naira notes stain white surfaces. The Mint explains why

Nigerian Security Printing and Minting (NSPM) Plc has allayed fears of Nigerians over the quality of the redesigned naira notes. The company, also referred to as The MINT, is responsible for producing the naira, Nigeria’s currency. In a statement on Friday, signed by Ahmed. A. Halilu, its managing director, NSPM said its attention had been drawn to various clips, skits, concerns and comments on diverse platforms regarding the quality of the redesigned notes. On October 26, 2022, Godwin Emefiele, CBN governor, announced plans to redesign the naira to control money supply and aid security agencies in tackling illicit financial flows.…

Saturday, 07 January 2023 05:55

New CBN guideline forbids banks to dispense new Naira notes over-the-counter

Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023 deadline when the old notes will no longer be legal tender. The apex bank issued the directive to the banks on Wednesday and ordered that the implementation begin immediately. However, as of Friday, the banks had not been able to comply with the directive as they complained…

Saturday, 07 January 2023 05:54

FG advises undocumented Nigerians in Equatorial Guinea to leave immediately

Federal government has advised undocumented Nigerians resident in Equatorial Guinea and unable to renew their permit to vacate the country immediately in adherence to the advisory issued by the government of that country. Management of Nigerians in Diaspora Commission (NiDCOM), said the advisory became necessary following a letter from the Office of the Secretary to the Government of the Federation on the subject matter. A statement by Head, Media, Public Relations and Protocols Unit, NiDCOM, Abuja, Abdur-Rahman Balogun, said the report by the Government of Equatorial Guinea advising undocumented foreigners in their country to leave voluntarily or face government sanction…

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Saturday, 07 January 2023 05:53

What to know after Day 318 of Russia-Ukraine war

WESTERN PERSPECTIVE An uneasy quiet settled over Kyiv on Friday despite air-raid sirens that blared there and across Ukraine shortly after a Russian cease-fire declaration for Orthodox Christmas went into effect. Ukrainian and Western officials have scorned the truce as a ploy. No explosions were heard in the capital. And reports of sporadic fighting elsewhere in Ukraine could not immediately be confirmed. Clashes there could take hours to become public. Kyiv residents ventured out into a light dusting of snow to buy gifts, cakes and groceries for Christmas Eve family celebrations, hours after the cease-fire was to have started. Russian…

Friday, 06 January 2023 05:55

Buhari will leave N77trn debt for the next president - DMO

Patience Oniha, director general, Debt Management Office (DMO), says the incoming administration would inherit N77 trillion as debt by the time President Muhammadu Buhari’s tenure ends in May. Oniha said this while fielding questions from journalists at the public presentation and breakdown of the highlights of the 2023 appropriation act in Abuja on Wednesday. On Tuesday, Buhari signed the N21.83 trillion 2023 budget into law, with a deficit of N11.34 trillion. The deficit represents 5.03 percent of the country’s gross domestic product (GDP). Zainab Ahmed, minister of finance, budget and national planning, had said the federal government would finance the…

Friday, 06 January 2023 05:54

17 govs leaving in May, 11 seeking re-election have incurred N5.8trn for their states. Here’s the debt incurred by your gov

Governors of 28 states who are leaving office on May 29 or running for re-election and the Minister of the Federal Capital Territory have piled up about N5.8tn sub-national debts amid an economic crunch. The debt figures were based on an analysis of the sub-national debts reports by the Debt Management Office. Out of the 28 states, 11 governors will be seeking re-election in March. They include Governors Mohammed Yahaya of Gombe; Babagana Zulum (Borno); Abdullahi Sule (Nasarawa); Seyi Makinde (Oyo); Mai Buni (Yobe); Bello Matawalle (Zamfara); Babajide Sanwo-Olu (Lagos); Ahmadu Fintiri (Adamawa); Dapo Abiodun (Ogun); Bala Mohammed (Bauchi) and…

Friday, 06 January 2023 05:52

NFIU bans cash withdrawals from FG, states, LGs’ accounts - with only one exception

Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawal from all federal, state and local government accounts. Modibo Tukur, NFIU director-general, spoke to journalists at a conference in Abuja on Thursday. Tukur said the ban would take effect on March 1, 2023. He said the agency will launch investigations against any public officials engaged in cash transactions after the end of February this year. According to Tukur, the NFIU will collaborate with the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices Commission (ICPC), and the Nigeria Police Force (NPF) to investigate government officials that withdraw cash from public…

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