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Friday, 27 May 2022 06:48

What to know after Day 92 of Russia-Ukraine war

Ukrainian President Volodymyr Zelenskyy pleaded with the West on Thursday to send multiple launch rocket systems to Ukraine as soon as possible to give it a chance against the Russian offensive in the eastern Donbas. “We are fighting for Ukraine to be provided with all the weapons needed to change the nature of the fighting and start moving faster and more confidently toward the expulsion of the occupiers,” Zelenskyy said in his nightly video address to the nation. He said Russian forces are wiping some eastern towns from the face of the Earth and the region could end up “uninhabited.”…

Thursday, 26 May 2022 06:36

FG sets date to ban refrigerators, air conditioners, other pollution gadgets

By January 1, 2023, Federal Government will ban all substances that are not ozone-friendly in accordance with the Montreal Protocol Agreement of which Nigeria is a signatory. These substances include refrigerators, air conditioners, generators, water dispensers, photocopiers, etc. Speaking with newsmen at the Stakeholders’ Workshop for the Validation of the Draft National Cooling Plan, yesterday, in Abuja, Programme Manager, Environment Unit of United Nations Development Programme (UNDP), Oladipo Supo, said that Nigeria has delayed in implementing the agreement because it has not been able to get alternatives for the substances that are ozone-friendly. “Under the Montreal Protocol Agreement, the idea…

Thursday, 26 May 2022 06:35

Southeast killings: Soludo declares curfew in Anambra

Governor Charles Soludo of Anambra State has declared curfew in seven Local Government Areas of the State to checkmate the excesses of the outlawed Indigenous People of Biafra (IPOB). They are Aguata, Ihiala, Ekwusigo, Nnewi North, Nnewi South, Orumba North and Orumba South. The governor made the declaration in a statewide broadcast on Wednesday. He said the curfew, which takes effect from Friday, will be in force until normalcy returns to the affected areas. “With effect from Friday, 26th May, 2022, a 6pm to 6am curfew is hereby placed on motorcycles (okada), tricycles (keke), and shuttle buses in Aguata, Ihiala,…

Thursday, 26 May 2022 06:33

IBEDC holds safety sensitisation in public schools

Ibadan Electricity Distribution Company, Plc (IBEDC) has joined the nation to celebrate the Nigerian child as part of activities for the 2022 International Children’s Day celebration, by visiting several public schools within its network to create awareness on electricity safety. The visits also coincided with the company’s safety sensitization activities earmarked for the commemoration of the just concluded World Day for Safety and Health at Work. The distribution company in a statement by its Chief Operating Officer (COO), John Ayodele, said the need to educate children on imbibing a positive health and safety culture should not be taken for granted,…

Thursday, 26 May 2022 06:31

What to know after Day 91 of Russia-Ukraine war

Russian forces shelled more than 40 towns in Ukraine's eastern Donbas region, Ukraine's military said, threatening to shut off the last main escape route for civilians trapped in the path of their invasion, now in its fourth month. After failing to seize Ukraine's capital Kyiv or its second city Kharkiv, Russia is trying to take full control of the Donbas, comprised of two eastern provinces Moscow claims on behalf of separatists. Russia has poured thousands of troops into the region, attacking from three sides in an attempt to encircle Ukrainian forces holding out in the city of Sievierodonetsk and its…

Wednesday, 25 May 2022 06:42

CBN has moved up interest rate from 11.5 to 13 percent. This is what that means for your economic wellbeing

On Tuesday, the monetary policy committee of the Central Bank of Nigeria (CBN) voted to raise the monetary policy rate (MPR) to 13 per cent to curb rising inflation. The monetary policy rate (MPR) is the baseline interest rate in an economy. Godwin Emefiele, governor of the apex bank, said six out of eleven committee members voted to raise the key rate. Emefiele said the committee unanimously voted to retain the asymmetric corridor at +100 and -700 basis points around the MPR and liquidity ratio at 30 per cent. The hike was the first since July 2016. Emefiele said the…

Wednesday, 25 May 2022 06:40

Did an aircraft crashland on Ikeja-Agege road on Tuesday? This is what really happened

Federal Airports Authority of Nigeria (FAAN) has denied reports making the rounds that a plane crashed at Ikeja area of Lagos state. Several reports surfaced on Tuesday that a plane crash-landed in Ikeja, and the incident was said to have caused heavy traffic in the area. However, in a statement issued on Tuesday night, the agency said while an aircraft was spotted in the area, it was being transported to a different location, and wasn’t the result of a crash. “The Federal Airports Authority of Nigeria would like to inform the general public to disregard the news making the rounds…

Wednesday, 25 May 2022 06:36

Combine heroism with wisdom and concede territory to Russia, Henry Kissinger advises Ukraine

Henry Kissinger has said that the West should stop trying to inflict a crushing defeat on Russia and suggested that Ukraine should give upterritory. Former US secretary of state Kissinger, 98, told the World Economic Forum held in Davos, Switzerland that Ukraine must begin negotiations 'before it creates upheavals and tensions that will not be easily overcome'. 'Ideally, the dividing line should be a return to the status quo ante. Pursuing the war beyond that point would not be about the freedom of Ukraine, but a new war against Russia itself,' he told the conference on Monday. It came as…

Wednesday, 25 May 2022 06:35

What to know after Day 90 of Russia-Ukraine war

Russian forces waged an all-out assault on Tuesday to encircle Ukrainian troops in twin eastern cities straddling a river, a battle that could determine the success or failure of Moscow's main campaign in the industrial heartland of Donbas. Russia is attempting to seize the separatist-claimed Donbas' two provinces, Donetsk and Luhansk, and trap Ukrainian forces in a pocket on the main eastern front. Russian forces took control of three towns in the Donetsk region including Svitlodarsk, regional governor Pavlo Kyrylenko told a local affiliate of Radio Free Europe/Radio Liberty. "The situation on the (eastern) front is extremely difficult because the…

Tuesday, 24 May 2022 06:37

Nigeria’s Q1 GDP growth slows ahead of CBN’s rates decision

Nigerian GDP grew 3.11% in the first quarter, slower than in the previous quarter as a fall in oil production hit the rest of the economy, the national statistics office said on Monday ahead of a central bank interest rate decision on Tuesday. It was the sixth consecutive quarter of growth, with non-oil sectors helping Nigeria bounce back from a severe recession caused by the Covid-19 pandemic. The full-year GDP figure for 2021 showed the fastest growth in seven years. Gross domestic product grew by 3.98% in the fourth quarter of 2021. In the first three months of last year,…

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Tuesday, 24 May 2022 06:36

Governors lose suit to maintain control over LG funds

A Federal High Court sitting in Abuja, on Monday, asked the 36 State governors in the country to comply with a directive issued by the Nigerian Financial Intelligence Unit (NFIU) restraining them from withdrawing funds from local government accounts. The anti-graft agency had in 2019 issued a directive and guidelines on the withdrawal of funds allocated to the 774 Local Government Areas recognized by the country’s 1999 constitution. NFIU’s director, Modibbo Tukur, while issuing the guidelines, had explained that the directive was aimed at curbing crime vulnerabilities created by cash withdrawals from local government accounts by state governments. Tukur stressed…

Tuesday, 24 May 2022 06:35

Kaduna airport reopens for flight operations two months after terrorist attack

Kaduna airport has resumed flight operations two months after shutting down over an attack by gunmen. Faithful Hope-Ivbaze, acting general manager, corporate affairs, Federal Airports Authority of Nigeria confirmed this on Monday. Hope-Ivbaze said flight operations commenced today. “Flight operations to Kaduna airport have commenced today with Azman Air,” she said. It would be recalled that about two months ago, gunmen attacked the airport and killed a security guard. On its official Twitter account, Azman Air announced the resumption of flights to the Kaduna airport, making it the first airline to resume operations on the route since the incident. The…

Tuesday, 24 May 2022 06:34

China expresses outrage at Biden’s comments that US would defend Taiwan

China on Monday expressed outrage at President Joe Biden’s apparent break from America’s prior policy of “strategic ambiguity” regarding Taiwan, blasting his assertion that the U.S. would militarily defend the island nation if Beijing invaded. No country should underestimate China’s “firm resolve, staunch will and strong ability” to protect its sovereign and territorial interests, Chinese Foreign Ministry spokesman Wang Wenbin told reporters on Monday in response to Biden’s comments. “On issues that bear on China's sovereignty, territorial integrity and other core interests, no one shall expect China to make any compromise or trade-offs,” Wang said. Other Chinese Communist Party insiders…

Tuesday, 24 May 2022 06:33

What to know after Day 89 of Russia-Ukraine war

The European Union will likely agree an embargo on Russian oil imports "within days", according to its biggest member Germany, as Moscow said it saw its economic ties growing with China after being isolated by the West over its invasion of Ukraine. Ukrainian President Volodymyr Zelenskiy told global business leaders in Davos on Monday that the world must increase sanctions against Russia to deter other countries from using "brute force" to achieve their aims. Many of the EU's 27 member states are heavily reliant on Russian energy, prompting criticism from Kyiv that the bloc has not moved quickly enough to…

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