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Monday, 04 April 2022 06:26

FG says monthly stipends to 2m poor Nigerians to increase to N20bn from June

Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that the Federal Government would pay the two million people N5,000 each under the basic cash transfer and an additional N5,000 under the conditional cash transfer. This implies that the government would be spending N20bn on the beneficiaries. A March 2022 document on the strategic roadmap and activities of the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, obtained by our correspondent in Abuja…

Monday, 04 April 2022 06:25

‘Nigeria has never had a better govt and president like Buhari’ - Masari

The governor of a state so besieged by terrorists that he has asked residents to take up arms and defend themselves has described President Muhammadu Buhari as Nigeria’s best prescient ever. Governor Aminu Masari of Katsina has repeatedly lamented the security situation in his state, saying security agencies are overwhelmed and residents should take up arms to defend themselves. Nigeria operates a unitary security system with all the security agencies under the control of the Nigerian president. Thousands of people have been killed or kidnapped by terrorists, also called bandits, in Katsina and other Northwest states in the past few…

Monday, 04 April 2022 06:24

Nigeria sliding towards bankruptcy - Adeboye

General overseer of the Redeemed Christian Church of God (RCCG), Enoch Adeboye on Sunday disassociated himself from partisan politics. “I have said it before, and I will say it again, I am not and will never be a politician, I am a pastor – that is what God has called me to be,” Adeboye said at the April thanksgiving service. “Please do not distract me. My assignment is to be a pastor; to pray for you, to pray for nations, including Nigeria.” Adeboye’s reaction may not be unconnected to a recent circular by the RCCG for the creation of a…

Monday, 04 April 2022 06:20

What to know after Day 39 of Russia-Ukraine war

Ukrainian President Volodymyr Zelenskyy has appeared in a video at the Grammy Awards asking for support in telling the story of Ukraine’s invasion by Russia. During the pre-recorded message that aired on the show Sunday night, he spoke in English, likening the attack to a deadly silence threatening to extinguish the dreams and lives of the Ukrainian people, including children. In his words: “Our musicians wear body armor instead of tuxedos. They sing to the wounded in hospitals, even to those who can’t hear them. But the music will break through anyway.” The Recording Academy, with its partner Global Citizen,…

Monday, 04 April 2022 06:17

Russia sanctions may fragment currency market, dilute dollar’s influence - IMF

An International Monetary Fund (IMF) official has warned that sanctions against Russia may dilute the U.S. dollar’s dominance. Gita Gopinath, IMF’s First Deputy Managing Director, told the Financial Times Friday that the sanctions have pushed Russia to seek assistance from other currencies. The increased use of other currencies, such as China’s renminbi, could lead to a more fragmented international monetary system. "The dollar would remain the major global currency even in that landscape, but fragmentation at a smaller level is certainly quite possible," Gopinth said. She noted that some countries have opened negotiations over the currency in which they pay…

Sunday, 03 April 2022 07:02

FG updates Covid-19 guidelines for travellers arriving Nigeria

Federal government has scrapped post-arrival PCR Covid-19 tests for fully vaccinated travellers entering Nigeria. According to a revised travel protocol released by the presidential steering committee (PSC) on Covid-19, fully vaccinated passengers are required to show evidence of “verifiable” vaccination certificate and permit to travel certificate. Boss Mustapha, PSC chairman, said passengers who are not able to show evidence of full vaccination will be treated as unvaccinated or partially vaccinated under the new protocol. He said the new measures will be effective from April 4. “In-bound passengers to Nigeria who are fully vaccinated against Covid-19 are no longer required to…

Sunday, 03 April 2022 07:01

Nigeria acquires new warship to strengthen marine trade, coastal security

The Nigerian navy says it has acquired a new warship, NNS KADA, to improve security on the country’s coasts and regional waters. Adedotun Ayo-Vaughan, navy spokesman, who made this known in a statement on Saturday, said the change of flag ceremony was performed in the United Arab Emirates (UAE) He said the ship, which is expected in Nigeria on May 22, would berth at ports in Oman, Kenya, South Africa, Angola, and Gabon before arrival in the country. Awwal Gambo, chief of naval staff, said it is important for states on the coastlines to have a quality fleet that would…

Sunday, 03 April 2022 07:00

Abuja Imam suspended over ‘anti-govt’ sermon

The mosque committee of Apo legislative quarters, Abuja, has suspended its Chief Imam, Nuru Khalid, over a sermon he delivered on Friday. Khalid in the sermon flayed the government over its failure to tame the escalating insecurity and killings in the country. In the sermon, the imam hinted at some measures that electorate should devise should the authorities fail to protect their lives. He said, “Nigerian masses should resort to only one term which is – protect our lives, we will come out to vote; let us be killed, we will not come out to vote, since it’s only elections…

Sunday, 03 April 2022 06:58

What to know after Day 38 of Russia-Ukraine war

President Volodymyr Zelenskyy said Ukrainian troops retaking areas around Kyiv and Chernihiv are not allowing Russians to retreat without a fight, but are “shelling them. They are destroying everyone they can.” Zelenskyy, in his Saturday night video address to the nation, said Ukraine knows Russia has the forces to put even more pressure on the east and south of Ukraine. “What is the goal of the Russian troops? They want to seize the Donbas and the south of Ukraine,” he said. “What is our goal? To defend ourselves, our freedom, our land and our people.” He said a significant portion…

Saturday, 02 April 2022 06:20

FG borrowed N1.48tn via bonds in Q1 2022 - DMO

Federal Government borrowed N1.48tn from bond investors through Federal Government bonds between January and March 2022, according to an analysis of the FGN Bond Auction results available on the website of the Debt Management Office. Bond oversubscriptions hit N1.03tn within the period under review, indicating the investors’ increasing appetite for FGN bonds. An analysis of the breakdown for each month showed that Federal Government bonds for January worth N150bn were oversubscribed by N175.24bn. The total subscription received from investors for the bonds was N325.24bn, comprising N111.19bn for the 12.50 per cent FGN January 2026 bonds and N214.05bn for the 13…

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Saturday, 02 April 2022 06:18

Ramadan begins today as Sultan announces moon sighting

Nigerian Supreme Council for Islamic Affairs (NSCIA) under the leadership of its President-General and Sultan of Sokoto, Muhammad Sa’ad Abubakar III, has announced the sighting of moon, signifying the commencement of Ramadan on Saturday. Sultan made the announcement in a telecast and it was also announced on the Twitter handle of the NSCIA. “Assalamu Alaikum Wa Rahmatullah, Alhamdu Lillah, the crescent of Ramadan 1443H has been sighted at some locations in Nigeria,” the tweet read. In a telecast monitored by one of our correspondents, Sultan said fasting would commence on Saturday. He said, “Based on the reports sent to us…

Saturday, 02 April 2022 06:16

What to know after Day 37 of Russia-Ukraine war

Ukrainian President Volodymyr Zelenskyy said Russian forces were leaving behind “a complete disaster” as they retreat from the north, including towns just outside Kyiv, and he warned residents to beware of more Russian shelling and of land mines. “They are mining the whole territory, they are mining homes, mining equipment, even the bodies of people who were killed,” he said in his nighttime video address to the nation late Friday. He urged residents to wait to resume their normal lives until they are assured that the mines have been cleared and the danger of shelling has passed. Zelenskyy warned of…

Saturday, 02 April 2022 06:14

China again blames US for the Russia-Ukraine war

China is accusing the United States of instigating the war in Ukraine and says NATO should have been disbanded following the break-up of the Soviet Union. “As the culprit and leading instigator of the Ukraine crisis, the U.S. has led NATO to engage in five rounds of eastward expansion in the last two decades after 1999,” Foreign Ministry spokesperson Zhao Lijian told reporters at a daily briefing Friday. “The number of NATO members increased from 16 to 30, and they have moved eastward more than 1,000 kilometers (600 miles) to somewhere near the Russian border, pushing Russia to the wall…

Saturday, 02 April 2022 06:12

US cancels ICBM test due to Russia nuclear tensions

The U.S. military has canceled a test of its Minuteman III intercontinental ballistic missile that it had initially aimed only to delay in a bid to lower nuclear tensions with Russia during the war in Ukraine, the Air Force told Reuters on Friday. The Pentagon first announced a delay of the test on March 2 after Russia said it was putting its nuclear forces on high alert. Washington said at the time it was important both the United States and Russia "bear in mind the risk of miscalculation and take steps to reduce those risks." But it had publicly stated…

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