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Saturday, 28 May 2022 06:21

Russian wins in Eastern Ukraine spark debate over course of war - Bloomberg

Russian troops are making steady progress in Ukraine’s east on the back of more-concentrated artillery and air power, now controlling almost all of the Luhansk region and threatening to encircle thousands of Ukraine’s most experienced troops. That is sparking fears that Russia could be poised for a bigger breakthrough, and leading to increasingly panicked calls from Kyiv for even more powerful offensive weapons. Russia’s capture of a series of towns including Popasna means its forces hold 95% of the Luhansk region that makes up the northern half of the Donbas area. On Friday, Ukraine’s military command said Russian troops were…

Saturday, 28 May 2022 06:17

Ukraine needs to face reality and talk to Putin - Zelenskiy

Ukrainian President Volodymyr Zelenskiy on Friday said Ukraine was not eager to talk to Russia’s Vladimir Putin but that it has to face the reality that this will likely be necessary to end the war. “There are things to discuss with the Russian leader. I’m not telling you that to me our people are eager to talk to him, but we have to face the realities of what we are living through,” Zelenskiy said in an address to an Indonesian think tank. “What do we want from this meeting... We want our lives back... We want to reclaim the life…

Friday, 27 May 2022 06:56

Lagos, again, emerges worst city to live in the world

Harare, Zimbabwe and Lagos, Nigeria are some of the cities that ranked poorly in this latest report. The report by Economist Intelligence Unit ranks the most livable cities across the globe as well as the least liveable cities. Lagos in Nigeria makes the list as the worst city to live in. The Economist Intelligence Unit has released the list of 10 most livable cities across the globe as well as the world's 10 least liveable cities. As in previous surveys, the report noted that living conditions in Lagos, Nigeria; Port Moresby, capital of Papua New Guinea; and Dhaka, the capital…

Friday, 27 May 2022 06:56

Low oil output barely enough to cover petrol imports - FG

Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister Zainab Ahmed said on Thursday. Ahmed added in an interview at the World Economic Forum in Davos that she hoped Nigerian oil production would average 1.6 million barrels per day (bpd) this year, up from around 1.5 million bpd in the first quarter. The government had budgeted 1.8 million bpd of production, Ahmed said, blaming crude theft and attacks on oil infrastructure for the shortfall. "We are not seeing the revenues that we had planned for,"…

Friday, 27 May 2022 06:55

FAAC: FG, states, LG share N656.6bn for April, 2022

Federation Account Allocation Committee (FAAC) has shared a total of N636.6 billion April 2022 Federation Account revenue to the federal government, states and local government councils. This was contained in a communiqué issued at the end of the Committee’s virtual meeting in May 2022. Citing the communique, Director (Information, Press and Public Relations), Office of the Accountant-General of the Federation, Henshaw Ogubike said theN656.6 billion total distributable revenue comprised distributable statutory revenue of N461.189 billion, distributable Value Added Tax (VAT) revenue of N166.5 billion, and N8.89 billion being Excess bank charges recovered as well as a N20 billion augmentation. In…

Friday, 27 May 2022 06:54

Buhari, Aisha depart for Equitorial Guinea for AU summit

PRESS RELEASE President Muhammadu Buhari departed Abuja on Thursday, May 26, 2022, to participate in African Union Extra-ordinary Session of Assembly of Heads of State and Government in Malabo, Equatorial Guinea, with special focus on security. The three-day summit, which will hold on May 26th-28th, will also focus on Humanitarian Challenges in Africa, with related issues on migration, refugees, returnees and Internally Displaced Persons. At the summit, the African leaders will look at Terrorism and Unconstitutional Change of Government, with attendant spiraling effects on human rights and economies. Buhari will join other Heads of State and Government to deliberate on…

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,…

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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…

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