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WESTERN PERSPECTIVE The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect. The price cap, which was led by the G-7 wealthy democracies, aims to…
President Muhammadu Buhari has accused governors of stealing the allocations of LGAs in their states. The president on Thursday said the governors treat the local government level unfairly. Buhari made the remarks after delivering his speech at an event hosted for members of the senior executive course 44 (2022) of the National Institute for Policy and Strategic Studies (NIPSS) at the presidential villa in Abuja. The president made reference to “fraudulent acts” carried out by some governors in the distribution of funds intended for the management of local councils. He said it’s unfathomable that some state governors would collect money…
RUSSIAN PERSPECTIVE Peace talks ‘lies’ People are lying when they claim that Russia is offering to negotiate with Ukraine in bad faith and is only interested in buying time for its military to regroup, the foreign minister stated.“We never asked for any negotiations. But we always stated that if somebody has an interest in a negotiated settlement, we are ready to listen,” he said, pointing to talks in Istanbul in late March as an example.He accused the US of pushing Kiev towards continued military confrontation and derailing the peace process. Washington is seeking to weaken Russia and profit from arms…
Federal government says mother tongues will henceforth be adopted as the mode of instruction in primary schools. Adamu Adamu, minister of education, said this on Wednesday while speaking with journalists after a meeting of the federal executive council (FEC). The meeting was presided over by President Muhammadu Buhari. Adamu said the federal government understands that implementation will be challenging, adding that the mother tongue will be combined with English language from junior secondary school level. The mother tongue is the language a person is first introduced to as a child. “A memo on national policy was approved by the council.…
Akwa Ibom state government says it has received N186 billion as refunds of arrears of 13 percent of oil derivation proceeds from the federal government. Linus Nkan, Akwa Ibom state commissioner for finance, made this known at a recent news conference in Uyo, the state capital. The 13 percent derivation fund comes from the federation revenue to oil-producing communities through the state governments as enshrined in section 162, sub-section 2 of the Nigerian constitution. Last week, Nyesom Wike, Rivers state governor, disclosed that the projects he recently inaugurated were financed with the state’s share of the 13 percent derivation arrears…
A 500-level student of the Federal University, Dutse, Aminu Muhammad, accused of criticising the wife of the president, Aisha Buhari, has been remanded in a custodial centre. The 24-year-old was remanded after his arraignment at the FCT High Court on Tuesday. The charge read, “That you, Aminu Adamu, of Anguwar Sarakuna, Bauchi, Bauchi State, sometime between May and June 2022 within the jurisdiction of this honourable court, did intentionally open a Twitter handle with the name @aminullahie Catalyst and screenshot the image of Aisha Buhari, and wrote on it in Hausa language ‘Su mama anchi kudi talakawa ankoshi’ roughly translated…
RUSSIAN PERSPECTIVE European Commission president Ursula von der Leyen has presented the total number of losses estimated to have been suffered by Ukraine in its conflict with Russia. “More than 100,000 Ukrainian military officers have been killed so far,” von der Leyen claimed on Wednesday, while adding that around 20,000 civilian lives have also been lost amid the fighting, which has continued since late February. The head of the European Commission didn’t reveal the sources of the information she provided. In late September, Russia’s Defense Minister Sergey Shoigu stated that Ukrainian losses had to date amounted to more than 61,000…
Federal government borrowed N6.3 trillion from the Central Bank of Nigeria (CBN) in the first 10 months of 2022. Ways and Means is a loan facility through which the CBN finances the government’s budget shortfalls. The data, obtained from CBN’s website, showed that the Ways and Means’ debt climbed from N17.5 trillion in December 2021 to N23.8 trillion in October 2022 — an increase of N6.3 trillion in 10 months. Analysis by TheCable Index shows that the federal government borrowed N704.3 billion from the CBN in January, N226.3 billion in February, N507.7 billion in March, and N112.3 billion in April.…
Wednesday, 30 November 2022 05:54

FG provides timeline for end to fuel importation

Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, oil minister Timipre Sylva said on Tuesday. Sylva said a refurbished refinery in Port Harcourt in the oil-producing Niger Delta would be delivering 60,000 barrels per day of refined crude by the end of December. The minister also said he still expects the new Dangote refinery to come on stream in the first quarter of next year. "We're expecting that we will actually be exiting the importation of petroleum products from maybe about third quarter next year if I was to give it a…
Federal Government has approved the commencement of 14 working-day paternity leave for federal civil servants. Head of the Civil Service of the Federation (HoCSF), Folasade Yemi-Esan, said this on Monday in a November 25 circular with ref no: HCSF/SPSO/ODD/NCE/RR/650309/3. The circular titled, “Computation of Leave Based on Working Days and Approval of Paternity Leave in the Public Service,” said that this is in line with the provisions of the Public Service Rules, 2021 Edition, that the computation of all leave shall be based on working days. “Government has also approved Paternity Leave for serving male officers whose spouse delivers a…
May 19, 2025

Why we need to embrace the 'S' word to drive business success

Sudhir Chaturvedi When did the word "sales" become taboo? Regardless of whether you're offering a…
May 12, 2025

Northern leaders demand urgent action on insecurity, push for state police

Amid worsening insecurity across Nigeria, the 19 Northern governors and traditional rulers have called for…
May 18, 2025

Joe Rogan questions Big Bang theory, says he's 'sticking with Jesus' over Resurrection

Podcaster Joe Rogan recently expressed skepticism regarding the Big Bang theory and said he finds…
May 17, 2025

Woman files for divorce after ChatGPT read husband’s affair in coffee cup

A Greek woman decided to divorce her husband of 12 years after ChatGPT told her…
May 19, 2025

30 killed in separate attacks on farmers and traders in Kebbi, Benue states

At least 30 people were killed in separate attacks by suspected armed men in Kebbi…
May 19, 2025

Here’s the latest as Israel-Hamas war enters Day 591

Israel says it will let food into Gaza after announcing new ground assault Israel will…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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