News

Monday, 19 December 2022 06:01

SSS withdraws officers from Osun gov

State Security Service (SSS) has withdrawn its personnel attached to Osun State Governor, Ademola Adeleke. It was gathered that the security agency withdrew the personnel on Thursday following a disagreement between the personnel and police officers in the governor’s convoy. SSS headquarters said it would not return its officers until Adeleke has addressed the situation. Sources in the governor’s convoy told our reporter that the disagreement started after the Aide de Camp (ADC) to the governor invited some police officers from the Subsidiary Intelligence Bureau (SIB) to replace the SSS personnel in the governor’s convoy. The head of SSS personnel…

Monday, 19 December 2022 05:59

What to know after Day 299 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine's President Volodymyr Zelenskiy said on Sunday the world still had heard his call for peace despite soccer governing body FIFA's decision to decline to allow a video message to be broadcast ahead of the soccer World Cup final in Qatar. Zelenskiy had asked for the video to be broadcast, including his call to hold a global peace conference to help resolve the war triggered by Russia's invasion of Ukraine. Ukrainian soccer players and other officials had publicised the message, he said. "Even though FIFA blocked this message from being aired at the stadium before the final game…

Sunday, 18 December 2022 05:55

What to know after Day 298 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russian troops have received a fresh batch of ‘Penicillin’ advanced reconnaissance systems, RIA Novosti news agency reported on Saturday, citing a source. The hardware is expected to be deployed in Ukraine. According to RIA, the Russian Defense Ministry “received another batch of the advanced 1B76 Penicillin acoustic and infrared reconnaissance systems,” adding that the device “effectively detects the positions of the Ukrainian artillery and transmits coordinates for their prompt destruction.” Another source earlier told the agency that Penicillin artillery trackers had proved their worth in the Ukraine conflict, as they are able to target, among other things, NATO-grade…

Saturday, 17 December 2022 06:02

Hunger levels in Nigeria, others set to hit all-time high - UN

The number of people struggling to get enough food in West and Central Africa is expected to rise to an all-time high of 48 million by mid-2023, the United Nations said on Friday. About 35 million people - or about 8% of the assessed population - are suffering from "food insecrity" across the region, according to analysis by an alliance of U.N. agencies. Many countries have been hit by a combination of conflict, climate change, and rising prices. Floods this year have been particularly bad in Chad and Nigeria. The countries with the highest hunger levels are Mali, Burkina Faso…

Saturday, 17 December 2022 06:01

Nigerian Army announced elevation of 122 senior officers. These are the new Major Generals, Brigadier Generals

Nigerian Army has approved the promotion of 122 senior officers to the ranks of major-general and brigadier-general. Onyema Nwachukwu, army spokesperson, in a statement on Friday, said the army council gave the promotion approval on December 15. Nwachukwu said the promotion of the senior officers is in recognition of their meritorious service to the nation. “In recognition of their meritorious service to the nation, the Army Council has on Thursday 15 December 2022, approved the promotion of senior officers to the ranks of Major General and Brigadier General,” the statement reads. “In the promotion signed and released by the Military…

Saturday, 17 December 2022 05:59

FAAC: FG, States, LGs share N902bn for November

Federal Account Allocation Committee (FAAC) has shared N902.053 billion to the three tiers of government as Federation Allocation for November, 2022. This is contained in a statement issued by Director (Information/Press), Ministry of Finance, Budget and National Planning, Phil Abiamuwe-Mowete, on Thursday. From the N902.053 billion, federal government received N358.515 billion, states received N270.836 billion, and local government councils got N204.130 billion. Meanwhile, oil-producing states received N68.572 billion as derivation fund, (13 per cent of Mineral Revenue). The N902.053 billion is inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL). The communiqué…

Saturday, 17 December 2022 05:58

FG announces public holidays for Christmas, New Year

Federal government has declared Monday and Tuesday December 26 and 27, 2022 as public holidays to mark Christmas and Boxing Day celebrations. Also, the government announced January 2, 2023 as a public holiday to celebrate the New Year. Minister of Interior, Rauf Aregbesola, made the announcement on behalf of the Federal Government. He felicitated with Christians and all Nigerians at home and in the Diaspora on this year’s Christmas and New Year celebrations. Aregbesola enjoined Christians to emulate the doctrines of Christ in faith, hope and love. “We must imbibe the life of Jesus Christ in His practice and teachings…

Saturday, 17 December 2022 05:57

What to know after Day 297 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia fired more than 70 missiles at Ukraine on Friday in one of its biggest attacks since the start of the war, knocking out power in the second-biggest city and forcing Kyiv to implement emergency blackouts nationwide, Ukrainian officials said. Three people were killed when an apartment block was hit in central Kryvyi Rih and another died in shelling in Kherson in the south, they said. Russian-installed officials in occupied eastern Ukraine said 12 people had died by Ukrainian shelling. In an evening video address, Ukrainian President Volodymyr Zelenskiy said Russia still had enough missiles for several more…

Friday, 16 December 2022 05:55

Inflation rose further in Nov on hike in food prices - NBS

Annual inflation in Nigeria climbed to 21.47% in November from October's rate of 21.09%, accelerating for the 10th straight month as food prices surged, the statistics bureau said on Thursday. National Bureau of Statistics (NBS) attributed the rise to a sharp increase in demand ahead of the Christmas season, import cost hikes due to the depreciation of the naira, and a rise in production costs. A separate food price index showed inflation at 24.13% in November, compared to 23.72% in October, as Africa's most populous nation continues to struggle with rising prices for staples. "The rise in food inflation was…

Friday, 16 December 2022 05:54

Inflation pushes 5m Nigerians into poverty, devalues wages by 35 percent - World Bank

The World Bank has said that Nigeria is in a worsening situation, with economic performance becoming weaker as inflation persists. The Washington-based bank said this in its newly released Nigeria Development Update, which was launched in Abuja on Thursday alongside the Nigeria Country Economic Memorandum. The NDU report noted, “Nigeria is in a challenging and deteriorating economic situation. Nigeria’s economic performance has weakened since the previous Nigeria Development Update was published in June 2022 under the title of ‘The Continuing Urgency of Business Unusual’.” The financial institution also cut Nigeria’s 2022 growth forecast to 3.1 per cent from a previous…

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Friday, 16 December 2022 05:53

Banks start paying new Naira notes

In line with the directive of the Central Bank of Nigeria (CBN), deposit money banks (DMB) began dispensing the redesigned naira notes to customers across the country on Thursday, December 15, 2022. The new naira notes were dispensed over-the-counter alongside the old ones in most commercial banks. On December 8, Godwin Emefiele, CBN governor, said banks had received the new notes, assuring Nigerians that “it would go round”. But monitoring the exercise on Thursday, TheCable observed that some commercial banks had limited supply of the new notes, after visiting some financial institutions in Lagos. A cashier at a branch of…

Friday, 16 December 2022 05:53

Yes, FG is owing a lot, but Nigerians are also owing us N5.2trn - Minister

Minister of Finance, Budget, and National Planning, Zainab Ahmed, said the Federal Government was owed approximately N5.2 trillion in debts. Ahmed, who stated this during a two-day sensitisation workshop on Project Lighthouse organised for ICT and account staff in federal ministries, departments, and agencies across the Northcentral zone in Minna on Thursday, said the debt was owed by over 5,000 companies and individuals. The Minister, represented by Director of Special Projects in the Federal Ministry of Finance, Budget and National Planning, Victor Omata, said that these debts cut across 19 ministries, departments and agencies. She stated that companies and individuals…

Friday, 16 December 2022 05:50

Osun state is owing N407bn. The new gov gives the following breakdown

PRESS RELEASE I am pleased to welcome our royal majesties and fathers to this all important event. I called this meeting first to meet our royal fathers and to present to you the official debt profile of Osun state as at November 30th, 2022 as submitted to me by the Accountant General of Osun State. With high sense of responsibility, I am reporting to our people through our traditional rulers, the total debt profile inherited by my administration from Governor Oyetola's administration. This event is in pursuance of my pledge to Osun people to be transparent and run an open…

Friday, 16 December 2022 05:49

US announces support for African Union joining G20

U.S. President Joe Biden on Thursday announced he would support the African Union joining the G20 group of large economies as a permanent member, part of Washington's efforts to reinvigorate ties with a region that has taken a back seat to other priorities in recent years. Biden, speaking at a U.S.-Africa leaders summit event, said the United States is looking to increase collaboration in all areas. "Africa belongs to the table in every room - in every room - where global challenges are being discussed, and in every institution where discussions are taking place," Biden said. "It's been a long…

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