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Friday, 04 March 2022 06:17

Buhari donates $1m to Afghanistan

The government of President Muhammadu Buhari has donated $1 million to Afghanistan. Secretary-General of Organisation of Islamic Cooperation (OIC), Hissein Brahim Taha, disclosed this in a statement. Commending the Nigerian government, Taha said OIC remains committed to supporting Afghanistan. “The Secretary-General of the Organization of Islamic Cooperation (OIC) Hissein Brahim Taha has commended with appreciation the generous donation of one million dollars made by the Republic of Nigeria to the Humanitarian Trust Fund for Afghanistan.” “This donation comes in time to add a new momentum to OIC’s efforts to contribute to easing the humanitarian situation in Afghanistan and to help…

Friday, 04 March 2022 06:16

FG gives reasons for current nationwide poor electricity supply

Minister of Power, Abubakar Aliyu, has explained reasons behind the recent poor power supply, citing hydro capacity during dry season and maintenance work at gas plants. Since February, most parts of the country have been experiencing poor power supply — worse than it used to be. The minister at a press briefing Thursday in Abuja said the outage experienced around the country is being addressed through three approaches. “I would like to discuss the increased load shedding you may have observed in Abuja and other areas in the country. With the reduction in hydro capacity during the dry season, additional…

Friday, 04 March 2022 06:15

What to know after Day 8 of Russia-Ukraine war

Russian forces pressed their attack on a crucial energy-producing Ukrainian city by shelling Europe’s largest nuclear plant early Friday, sparking a fire and raising fears that radiation could leak from the damaged power station. The assault on the eastern city of Enerhodar and its Zaporizhzhia nuclear plant came as the invasion entered its second week with Russian forces gaining ground in their bid to cut off the country from the sea. Elsewhere, another round of talks between the two sides yielded a tentative agreement to set up safe corridors inside Ukraine to evacuate citizens and deliver humanitarian aid. Nuclear plant…

Friday, 04 March 2022 06:10

Russia Central Bank chief says alternative to SWIFT already in place

Russia's central bank governor has said that its global payments will continue to function despite the SWIFT ban. The central bank chief said Russia's SPFS, an internally-developed payments system, will replace SWIFT. Meanwhile, reports say the Russian government is working on a "one world" digital currency for global trade. Bank of Russia’s governor has said that Russia will continue global payments via an alternative to the SWIFT network. Central bank governor Elvira Nabiullina said its system was ready to take the place of SWIFT. Russia To Replace SWIFT With SPFS Russia has an internal replacement for SWIFT, Russia’s central bank…

Thursday, 03 March 2022 08:02

Governors’ wives confirm they celebrated Aisha Buhari’s birthday in Dubai, provide reason

Nigerian Governors Wives Forum (NGWF) has confirmed that the viral video showing its members celebrating Aisha Buhari’s birthday in Dubai is real. The forum, however, says though the celebration held in Dubai, it was a coincidence as that was not the main reason its members travelled to the UAE city. The position of NGWF was contained in a statement by wife of Ekiti State Governor and chairperson of the forum, Bisi Fayemi, on Wednesday. Fayemi, who was in the video, stated that the Nigerian First Lady’s birthday coincided with an official trip which some wives of governors were part of.…

Thursday, 03 March 2022 08:01

What to know after Day 7 of Russia-Ukraine war

The number of people who have fled Ukraine since Russian forces invaded on Feb. 24 has reached 1 million, the U.N. refugee agency said Wednesday. The tide of people fleeing Ukraine — by car, train and on foot — marks the swiftest exodus of refugees this century. Shabia Mantoo, spokeswoman for the U.N. High Commissioner for Refugees, said “at this rate,” it could become “the biggest refugee crisis this century.” Russia and Ukraine said Wednesday that they were prepared to hold talks for the second time, expected to take place Thursday in Belarus. There appears to be little common ground…

Thursday, 03 March 2022 08:00

Russia releases casualty numbers on both sides of the war

Russia’s defence ministry said on Wednesday that 498 Russian soldiers had died in Ukraine and another 1,597 had been wounded since the beginning of Moscow’s military operation there, Russia’s RIA news agency reported. It was the first time that Moscow had put a figure on its casualties. The ministry also said that more than 2,870 Ukrainian soldiers and “nationalists” had been killed and about 3,700 wounded, according to Interfax. The numbers could not be independently verified and there was no immediate comment from Ukraine. Reuters

Thursday, 03 March 2022 07:58

China opposes sanctions, maintains normal trade with Russia

China resolutely opposes the use of illegal, unilateral sanctions, given the fact that they are not an effective way to solve problems, but bring difficulties to people's livelihood while aggravating divisions and confrontation, Foreign Ministry spokesperson Wang Wenbin said at a regular press conference on Wednesday. The Ukraine conflict has led to widening sanctions by the EU and the US, ranging from excluding Russia from the SWIFT interbank communication system to banning Russian aircraft from entering their airspace. The moves boosted global complexity while pushing Russia to launch retaliatory countermeasures. Wang reiterated China's resolute opposition to the widening sanctions against…

Thursday, 03 March 2022 07:57

US’ Middle East allies rebuff calls to move against Russia

Washington’s regional partners have so far rebuffed U.S. calls to come out against Moscow The Biden administration is pushing its closest Middle East partners to back Ukraine in its deepening war with Russia and for help alleviating the economic fallout—without much to show for it. From the Persian Gulf’s oil-rich monarchies to Israel, U.S. allies and partners are staying neutral or tempering their criticism of Moscow in a revealing sign of Russia’s growing influence in the region. Saudi Arabia, the de facto OPEC leader, has rebuffed U.S. requests to pump more oil to help tame surging crude prices, which topped…

Wednesday, 02 March 2022 06:28

Senate and House of Reps yesterday voted on 1999 Constitutional amendments. Here are the items that succeeded, those that failed

Federal Government’s plan to retain the collection of Value Added Tax despite a Federal High Court ruling, hit a brick wall on Tuesday as the National Assembly rejected a proposal seeking to shift the collection of VAT from the concurrent to the exclusive legislative list, effectively leaving the decision to the Supreme Court which is hearing the matter. A Federal High Court had last year ruled that states had the powers to collect VAT. However, the Federal Government opposed the ruling and continued to collect VAT while it projected that it will collect N2.2tn in 2022 through the Federal Inland…

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Wednesday, 02 March 2022 06:26

Buhari off to Nairobi, London for UNEP meeting, medical check-up

President Muhammadu Buhari on Tuesday, departed Abuja for Nairobi, Kenya, where he’s billed to participate in the 50th anniversary of the United Nations Environmental Programme scheduled for Thursday and Friday. He will, thereafter, proceed to London, United Kingdom, for routine medical checks that will last for a maximum of two weeks. Buhari’s trip comes after an invitation extended to him by his Kenyan counterpart, Uhuru Kenyatta, to attend a special session themed, ‘Strengthening UNEP for the Implementation of the Environmental Dimension of the 2030 Agenda for Sustainable Development’. Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed…

Wednesday, 02 March 2022 06:22

What to know after Day 6 of Russia-Ukraine war

Russia bombed a TV tower in Ukraine's capital on Tuesday and rained rockets on the city of Kharkiv as Moscow intensified its bombardment of Ukrainian urban areas in a shift of tactics after its six-day invasion stalled. A U.S. official said a miles-long armoured column bearing down on the capital Kyiv had not made any advances in the past 24 hours, frozen in place by logistics problems, short on fuel and food, and perhaps pausing to reassess tactics. Russia's defence ministry urged Kyiv residents to flee and said it would strike unspecified areas used by Ukraine's security services and communications.…

Wednesday, 02 March 2022 06:17

West's financial sanctions tougher than in 2014, but Russian economy may withstand them, experts say

The US again intensified its financial squeeze on Russia by freezing the assets of Russia's central bank, only two days after the country, along with some of its allies, announced it would drive selected Russian banks out of the international payment and settlement system SWIFT. The move was made to exert pressure on Russia amid the Russia-Ukraine military conflict, as Western countries gradually upgraded their financial sanctions against Russia in what experts called an "unprecedented" manner. But experts said that Russia's possible countermeasures, including the use of central bank digital currency (CBDC) reserves, could help Moscow withstand the sanctions. The…

Wednesday, 02 March 2022 06:15

Russia to seek legally binding security guarantees from NATO countries - Foreign Minister

Moscow believes that obtaining legally binding security guarantees from NATO members is of paramount importance, Russian Foreign Minister Sergey Lavrov said in a video address to the Disarmament Conference. "[Our] Western colleagues have not yet shown any willingness to provide Russia with long-term legally binding security guarantees. For us, achieving these objectives is of fundamental importance," Lavrov emphasized. The minister stressed that the issue here is refusing NATO’s expansion any further, and abandoning the "Bucharest formula" (2008 Bucharest Summit - TASS) that sees Ukraine and Georgia becoming members of the US-led military bloc. "Western countries should refrain from establishing military…

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