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Friday, 17 March 2023 03:16

Four killed as Shi'ite members clash with El-Rufai's security details

Four people are suspected to have been killed when security operatives attached to the convoy of Governor Nasir El-Rufai of Kaduna State clashed with Shi’ite members in Bakin Ruwa Area of Igabi Local Government Area of Kaduna State, on Thursday. Details of the incident are sketchy but sources told our correspondent that the clash happened around 4:15pm when the governor visited the community. It was gathered that the convoy came in contact with the Shi’ite members who were performing their weekly procession at Bakin Ruwa along Nnamdi Azikiwe Expressway. According to Tasiu Muhammed, an eyewitness, some of the Shi’ite members…

Friday, 17 March 2023 03:14

What to know after Day 386 of Russia-Ukraine war

WESTERN PERSPECTIVE The West getting nervous about ammunition shortages for Ukraine Ukraine’s allies are growing increasingly concerned about the country’s dwindling ammunition supply and production shortfalls as fighting against Russia intensifies in Bakhmut. For this reason, the U.S.-led Ukraine Defense Contact Group—which includes around 50 countries—hosted a virtual meeting Wednesday to discuss how to make sure Ukraine’s military gets enough of the ammunition it needs. Western officials have been sounding the alarm for months. In February, NATO Secretary General Jens Stoltenberg said, “The current rate of Ukraine’s ammunition expenditure is many times higher than our current rate of production. This…

Thursday, 16 March 2023 03:23

Nigeria’s inflation quickened again in February, hit 21.91%

Nigeria's inflation picked up again in February, hitting 21.91% in annual terms from 21.82% in January, the statistics agency said on Wednesday. Inflation rose in Africa's biggest economy for 10 straight months last year, prompting a string of interest rate hikes from the central bank. The pace of price increases dipped in December but started to rise again in January. Food inflation, which accounts for the bulk of Nigeria's inflation basket, rose to 24.35% in February from 24.32% in January. High inflation, weak economic growth and mounting insecurity were major issues at last month's election, where the ruling party's candidate…

Thursday, 16 March 2023 03:22

FG delays census to ‘sometime’ in May

Nigeria will now hold its first census in 17 years in May instead of at the end of March, the information minister said on Wednesday, citing a rescheduling of governorship elections for the delay. The census in Africa's most populous country will seek to update data on the exact population and the size of different ethnic groups. Minister of Information and Culture Lai Mohammed told reporters that delays in elections for new governors by a week to March 18 meant there was little time to organise the population count. Mohammed did not say when in May the census would be…

Thursday, 16 March 2023 03:21

FG issues fresh N360bn bond in 4 categories

Debt Management Office (DMO) has called for subscriptions for four N90bn savings bonds. The DMO, in a statement yesterday, stated that it is receiving the subscription by auction and called for applications of 1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter. It described the four bonds as N90bn with 13.98 per cent interest and 10 years reopening. This is followed by “a N90bn bond which has a 12.50 per cent and would be reopened after 15 years; 20 years N90bn with 16.2499 per cent interest and N90bn with 14.80 per cent interest…

Thursday, 16 March 2023 03:18

What to know after Day 385 of Russia-Ukraine war

WESTERN PERSPECTIVE US and Russian military chiefs in rare talks after drone downed Washington's top general said the crash of a U.S. surveillance drone after being intercepted by Russian jets showed Moscow's increasingly aggressive behaviour, while Russia warned Washington that flying drones near Crimea risked escalation. A day after the U.S. drone went down over the Black Sea, defence ministers and military chiefs from the U.S. and Russia held rare telephone conversations on Wednesday, with relations at their lowest point in decades over Moscow's invasion of Ukraine. Moscow's defence minister, Sergei Shoigu, told his U.S. counterpart, Lloyd Austin, that American…

Wednesday, 15 March 2023 06:15

Banks lengthen request time for FX school fees abroad, slash PTA, BTA

Nigerian banks have announced a reduction in the amount of dollars available to customers for personal travel allowance (PTA) and business travel allowance (BTA) on a bi-annual basis. According to the new directive, PTA available to customers will now be slashed by 50 per cent from $4,000 to $2,000 while the BTA will be slashed by 60 per cent from $5,000 to $2,000. The banks announced the development in emails sent to their customers recently. The banks also extended the processing time for accessing foreign exchange (FX) for international school fees processed through Form A from 48 hours to 120…

Wednesday, 15 March 2023 06:12

Two Russian fighter jets intercept American spy drone, causing it to crash into Black Sea

A Russian Su-27 fighter jet intercepted and struck the propeller of a U.S. military MQ-9 "Reaper" surveillance drone on Tuesday, causing it to crash into the Black Sea in an incident condemned as "unsafe" by the U.S. military. Two Russian Su-27 jets carried out the intercept of the American spy drone, and one of them collided with it at 7:03 a.m. (0603 GMT). Several times before the collision, the Russian fighter jets dumped fuel on the MQ-9 and flew in front of it in unsafe maneuvers, the U.S. military said in a statement. "Our MQ-9 aircraft was conducting routine operations…

Wednesday, 15 March 2023 06:11

What to know after Day 384 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia is fighting for its very existence – Putin The ongoing conflict with Ukraine – and the West – is a fight for Russia’s very existence, rather than a mere geopolitical game, President Vladimir Putin has said. He made the remarks on Tuesday while meeting with aircraft factory workers in the capital city of Russia’s Buryatia Republic, Ulan-Ude. “For our Western so-called ‘partners’ – for, actually, our adversaries, we can say that openly today – the matter is about improving their geopolitical stance,” Putin stated, adding that the situation is very different for Moscow. Destabilization and “tearing apart”…

Tuesday, 14 March 2023 05:59

Naira redesign: I didn’t tell Malami, Emefiele to disobey court order - Buhari

PRESS RELEASE The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties. Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can't practise democracy without the rule of law and the commitment…

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Tuesday, 14 March 2023 05:59

CBN issues directive for recirculation of old N500, N1000 notes

Central Bank of Nigeria (CBN) has approved the circulation of old N500 and N1000 notes. The apex bank confirmed this in a statement issued on Monday. In the statement issued by Isa Abdulmumin, CBN spokesperson, the apex bank directed commercial banks to start issuing and accepting old notes. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to…

Tuesday, 14 March 2023 05:51

NCC mandates harmonised short codes for MTN, Glo, others. Here are codes to use to check balance, recharge, others on all networks

In line with its consumer-centric approach to telecoms regulation, Nigerian Communications Commission has directed mobile network operators (MNOs) to commence implementation of approved harmonised short codes (HSC) for providing certain services to telecom consumers in Nigeria. The Commission has already set a deadline of 17 May, 2023, for all mobile networks to fully migrate from hitherto diverse short codes to the harmonised codes. The use of harmonised short codes is aimed at achieving uniformity in common short codes across networks. This means that the code for checking airtime balance is the same across all mobile networks for the same function,…

Tuesday, 14 March 2023 05:50

NIMC fixes search fees for passport issuance in Nigeria, overseas

Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National Identity Management Commission disclosed this in a statement signed by its Head, Corporate Communications, Kayode Adegoke, on Monday. According to the commission, the fee is to improve the quality of service, accuracy, and speed of passport services through timely verification of NIN. It stated that it agreed on this framework with the Nigerian Immigration Service. NIMC said, “This new arrangement is in furtherance of the Federal Ministry of Communications and Digital Economy’s directive to streamline passport application, renewal, and issuance…

Tuesday, 14 March 2023 05:49

FG to close Lagos int’l airport runways for repairs

Federal Airports Authority of Nigeria (FAAN) says it will close runways 18R and 36L at the Murtala Muhammed International Airport (MMIA) in Lagos for maintenance. FAAN disclosed this in a tweet on Monday. The agency said work on the runways will last for eight weeks. It also assured that normal airlines’ activities would not be affected, as the taxi way B-18L would be used for all flight operations. “This is to notify the public that runway 18R/36L of the Murtala Muhammed International Airport, Lagos has been closed for 8 weeks for Maintenance work to be carried out,” the statement reads.…

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