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Monday, 02 January 2023 06:03

In violation of the law, Buhari extracted loans from CBN in excess of 2,900% above legal limits. Here are the details

Central Bank of Nigeria’s advances to the federal government rose 2,900 per cent in the last seven years to N23.8 trillion, an unprecedented rise that violated the law, stoked inflation and worsened the country’s debt burden. Central banks sometimes help governments to fund budget deficits, but such loans, called Ways and Means Advances, are tightly controlled as they can fuel inflation and distort monetary policy. In May 2015 when the Buhari administration came to office, the CBN’s loans to the federal government were N789.7 billion cumulatively. Since then, the government has drawn central bank loans each year at an unprecedented…

Monday, 02 January 2023 06:01

Less than 10% of candidates who apply for medicine-related courses get admitted - Report

Data obtained from the Joint Admissions and Matriculation Board, the agency responsible for the regulation of admissions into tertiary institutions in Nigeria revealed that out of over 1,256,494 candidates who applied for Medicine-related programmes in Nigerian public and private universities in three years, only 105,226 were admitted. The figures were obtained from the statistics of admissions for 2019, 2020 and 2021. Admissions for 2022 are still ongoing in some universities due to delays from the strike by the Academic Staff Union of Universities and other university-based unions. Some Medicine-related courses in Nigerian universities include Medicine and Surgery, Nursing, Anatomy, Physiotherapy…

Monday, 02 January 2023 05:59

What to know after Day 313 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukrainians cheered from their balconies while their air defences blasted Russian missiles and drones out of the sky in the first hours of 2023, as Moscow saw in the new year by attacking civilian targets across Ukraine. Ukrainian forces shot down 45 Iranian-made Sahed drones fired by Russia on the first night of the year, President Volodymyr Zelenskiy said on Sunday evening, praising Ukrainians for showing gratitude to the troops and one another. "Drones, missiles, everything else will not help them," he said of the Russians. "Because we stand united. They are united only by fear." A stern…

Sunday, 01 January 2023 05:12

It’s 2023! Time zone by time zone, this is how the New Year is celebrated around the globe

New Year’s celebrations are sweeping across the globe, ushering in 2023 with countdowns and fireworks — and marking an end to a year that brought war in Europe, a new chapter in the British monarchy and global worries over inflation. The new year began in the tiny atoll nation of Kiribati in the central Pacific, then moved across Russia and New Zealand before heading deeper, time zone by time zone, through Asia and Europe. At least for a day, thoughts focused on possibilities, even elusive ones like world peace, and mustering — finally — a resolve to keep the next…

Sunday, 01 January 2023 05:10

Buhari delivered his last New Year message as president. This is all the Head-of-State said to Nigerians

PRESS RELEASE My Fellow Countrymen and Women. I wish all of you a very happy and prosperous New Year. First, I would like to thank and honour the Almighty who saw us through the year 2022 and has given us the opportunity to see another year. Each New Year is an opportunity to reflect on the past year, reposition, and move forward with the New. As we celebrate the opportunity to be alive in this year 2023, we must also acknowledge the passing away of our brothers and sisters who didn’t make it into this new year. May their souls…

Sunday, 01 January 2023 05:06

What to know after Day 312 of Russia-Ukraine war

WESTERN PERSPECTIVE Blasts heard in Kyiv, around Ukraine in early hours of New Year's Day Numerous blasts were heard in Kyiv and in other places around Ukraine and air raid sirens wailed across the country in the first couple hours after midnight on New Year's Day. As the sirens wailed, some people in Kyiv shouted from their balconies, "Glory to Ukraine! Glory to heroes!" Reuters witnesses reported. Fragments from a missile destroyed by Ukrainian air defence systems damaged a car in the capital's centre, but preliminarily there were no wounded or casualties, Kyiv Mayor Vitali Klitschko said. Advertisement · Scroll…

Saturday, 31 December 2022 10:02

Benedict XVI, first pope to resign in 600 years, is dead

Pope Emeritus Benedict XVI, the German theologian who will be remembered as the first pope in 600 years to resign, has has died, the Vatican announced Saturday. He was 95. A statement from Vatican spokesman Matteo Bruni said: “With pain I inform that Pope Emeritus Benedict XVI died today at 9:34 in the Mater Ecclesia Monastery in the Vatican. Further information will be released as soon as possible.” AP

Saturday, 31 December 2022 06:24

Buhari renews appointments in FRSC, NAFDAC, others; makes fresh appointments into other agencies

President Muhammadu Buhari has approved the appointment of chief executives and renewed tenure of others at some of the federal parastatals and agencies with immediate effects. This is contained in a circular released Friday by Secretary to the Government of the Federation (SGF), Boss Mustapha and signed on his behalf by Willie Bassey, Director, Information in his office. According to the circular, Buhari ratified the appointment of Dauda Biu as the Corp Marshal/Chief Executive Officer, Federal Road Safety Commission (FRSC) effective 23rd December, 2022 for an initial term of four years. Also, Mojisola Adeyeye was re-appointed as Director-General, National Agency…

Saturday, 31 December 2022 06:22

What to know after Day 311 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Moscow-Beijing military cooperation ‘key’ for international stability – Putin The Russian-Chinese strategic partnership has multiple aspects, with military cooperation being a key component, Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call on Friday. The two nations share a vision of a more just future world, he said. Putin and Xi held bilateral talks via video link, with opening remarks by both leaders televised to the public. The Russian president said he welcomed the rapid development of political, economic, humanitarian and other ties with China. Military cooperation is particularly important, he stressed, saying that…

Friday, 30 December 2022 05:56

Court restrains DSS from arresting CBN gov

A federal capital territory (FCT) high court sitting in Maitama has issued an order restraining the Department of State Security (DSS) from arresting Godwin Emefiele, governor of the Central Bank of Nigeria (CBN). The restraining order was issued by M.A. Hassan, the presiding judge, on Thursday. Previously, a federal high court in Abuja declined an application by the DSS to arrest Emefiele over terrorism charges. The development came amid speculations that the bid to arrest Emefiele might be political, given the impact the redesign of the naira and limit on cash withdrawals might have on vote buying in the 2023…

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Friday, 30 December 2022 05:54

What to know after Day 310 of Russia-Ukraine war

WESTERN PERSPECTIVE Kyiv residents told to head to air raid shelters as sirens wail across city Residents of the Ukrainian capital Kyiv were urged to head to air raid shelters early on Friday as sirens wailed across the city, a day after Russia carried out the biggest aerial assault since it started the war in February. Shortly after 2.00 a.m. Kyiv's city government issued an alert on its Telegram messaging app channel about the air raid sirens and called on residents to proceed to shelters. Olekskiy Kuleba, governor of Kyiv region, said on Telegram that an "attack by drones" was…

Thursday, 29 December 2022 05:50

N’assembly passes FG’s 2023 budget, increases expenditure to N21.83trn

National Assembly has passed N21.83 trillion as federal government budget for the 2023 fiscal year. The two chambers passed the appropriation bill on Wednesday after committee reports on appropriations were considered. The budget was also increased by N1.33 trillion. Out of the figure passed, N6,557,597,611,797 is for debt service; N8,329,370,195,637 is for recurrent (non-debt) expenditure; while N5,972,734,929,421 is for contribution to the development fund for capital expenditure. In October, 2022, President Muhammadu Buhari presented N20.51 trillion 2023 budget proposal to the national assembly. Buhari had proposed an oil benchmark of $70 per barrel, but the lawmakers while passing the medium-term…

Thursday, 29 December 2022 05:49

Leader of Ohaneze Ndigbo, George Obiozor, is dead

George Obiozor, president-general of Ohanaeze Ndigbo worldwide, the Igbo socio-cultural organisation, is dead. Hope Uzodimma, governor of Imo, announced the development in a statement on Wednesday night. “On behalf of the Government and people of Imo State, I, Hope Uzodimma, Governor of Imo State, sorrowfully announce the passage of a great Son of Imo State and Nigeria, the President General of Ohanaeze Ndigbo, worldwide, George Obiozor,” the statement reads. “A renowned academic, an exceptional diplomat, a statesman, and a tenacious patriot, Obiozor passed on recently after a brief illness. “The death of this foremost Igbo leader and former Nigeria’s ambassador…

Thursday, 29 December 2022 05:47

What to know after Day 309 of Russia-Ukraine war

WESTERN PERSPECTIVE U.S. Colonel Training Zelensky Forces Accuses Soldiers of War 'Atrocities' Andrew Milburn, a retired U.S. Marine colonel who spent months in Ukraine helping to train President Volodymyr Zelensky's forces, said during a recent interview that while most Ukrainian soldiers were professional, he did see some commit "atrocities." Milburn is the founder and CEO of The Mozart Group, a company composed mainly of former special operations soldiers that has provided services to Ukraine ranging from frontline training to medical evacuation and casualty care. Milburn named the company as a direct counterpoint to the Wagner Group, a Russian mercenary outfit…

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