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Sunday, 30 October 2022 05:45

What to know after Day 249 of Russia-Ukraine war: Russian and Western perspectives

RUSSIAN PERSPECTIVE Russia is suspending its participation in the grain deal after the terrorist attack in Sevastopol on the warships of the Black Sea Fleet and on the commercial vessels employed for security of the grain corridor, Russian Defense Ministry said in a statement on Saturday. "Taking into account the act of terrorism committed by the Kiev regime with the participation of British specialists on October 29, 2022 against the Black Sea Fleet ships and the civilian vessels employed to safeguard security of the grain corridor, Russia suspends its participation in the implementation of the agreements on the exports of…

Saturday, 29 October 2022 06:07

Finance Minister disclaims CBN’s Naira redesign announcement

Zainab Ahmed, minister of finance, budget and national planning, says the ministry was not consulted before the Central Bank of Nigeria (CBN) decided to redesign some naira notes. Ahmed disclosed this during the 2023 budget defence session with the senate committee on finance in Abuja on Friday. Godwin Emefiele, CBN governor, had announced that the bank had redesigned some naira notes in the denomination of N100, N200, N500 and N1000. Emefiele had said the decision was in line with the provisions of the CBN Act 2007, adding that the management of the bank “sought and obtained the approval of President…

Saturday, 29 October 2022 06:06

Banks, worship centres, roads deserted in Abuja over terror threats

Commercial activities in the nation’s capital, Abuja, have taken a hit, in response to the terror alerts by both the United States of America embassy and United Kingdom High Commission in Abuja. Similarly, residents have begun to take precautionary measures, since the alarms were raised by the diplomatic community. Palpable fears reached new heights when the United Kingdom, Canada, Ireland, Australia, and other countries’ representatives in Nigeria, through their embassies, issued a similar advisory, asking their citizens to “run for their lives”. Many residents of the nation’s capital who were skeptical initially at the beginning of the week when the…

Saturday, 29 October 2022 06:05

Terror alerts: British Airways cancels London-Abuja flight

British Airways has cancelled its flight which was expected to arrive in Abuja in the early hours of Saturday, finding by our correspondent has revealed. The development comes after a BA83 flight from London-Heathrow to the Nnamdi Azikiwe International Airport (NAIA), Abuja, was suddenly diverted to Lagos. Passengers affected by the cancellation and diversion lamented that there was no adequate notice. Though BA did not provide any reason for the decision, the diversion of the flight might not be unconnected with the terror alert in Abuja, with several foreign missions issuing travel warnings to their citizens. Despite allaying of fears…

Saturday, 29 October 2022 06:04

Appeal Court grants FG’s application for stay of execution of judgment releasing Kanu

Court of Appeal in Abuja on Friday, stopped the execution of its judgment that quashed the terrorism charges and ordered the release of leader of the proscribed Indigenous People of Biafra, (IPOB) Nnamdi Kanu. The appellate court had on Oct. 13 delivered a judgment which faulted the rendition of Kanu from Kenya to Nigeria and also set aside the terrorism charges against him. The Federal Government, not satisfied with this judgment, said that it would explore every legal avenue to quash the judgment of the appellate court and headed to the Supreme Court. The government, after appealing the appellate court’s…

Saturday, 29 October 2022 05:58

What to know after Day 248 of Russia-Ukraine war: Russian and Western perspectives

WESTERN PERSPECTIVE Russia said on Friday it had finished calling up reservists to fight in Ukraine, having drafted hundreds of thousands in a month and sending more than a quarter of them already to the battlefield after a divisive mobilisation campaign that was its first since World War Two. The United States, meanwhile, announced it would send another $275 million in military assistance to Ukraine, including arms, munitions and equipment from Pentagon inventories, bringing U.S. military assistance to the country under the Biden administration to more than $18.5 billion U.S. Secretary of State Antony Blinken said Washington was working to…

Friday, 28 October 2022 05:43

Police release emergency telephone numbers to alert security forces to terror threats

Inspector-General of Police, Usman Baba, Thursday night released emergency numbers nationwide with a view to avert any attack by terrorists. Baba said the Nigeria Police Force is working in collaboration with other security agencies, to ensure the safety of all residents within the country. The top cop also maintained that there is no imminent or impending attack on the nation’s capital as raised by the United States. The IGP emphasized this while charging all Strategic Police Managers in charge of Commands and tactical formations within the country to beef up security in their respective jurisdictions, especially in the FCT. According…

Friday, 28 October 2022 05:42

Terror alerts: Abuja mall shuts down over security concerns

A mall located in the Jabi district of the federal capital territory (FCT) has shut down operations over security concerns. The closure of the Jabi Lake Mall came days after the US warned its citizensabout the possibility of terror attacks in Abuja, the country’s capital city. The federal government subsequently assured citizens that measures are in place to safeguard lives and property. In a post on its Instagram page on Thursday, the management of the Jabi Lake Mall said it is reviewing the security situation and would inform customers when it reopens. “To all our valued shoppers, Jabi Lake Mall…

Friday, 28 October 2022 05:41

FAAC: FG, states, LGAs share N700bn for September

Federation account allocation committee (FAAC) says it shared N700.235 billion among the three tiers of government in September 2022. The figure represents an increase of N27.098 billion compared to August’s allocation of N673.137 billion. The committee disclosed this in a communiqué issued on Wednesday at the end of its October meeting in Abuja. A breakdown of the N700.235 billion for the month of September, shows that N502.135 billion was for statutory revenue, N189.928 billion for value-added tax (VAT), and N8.172 billion for electronic money transfer levy (EMTL). According to the communiqué, the federal government received N262.636 billion, the states received…

Friday, 28 October 2022 05:39

What to know after Day 247 of Russia-Ukraine war: Russian and Western perspectives

RUSSIAN PERSPECTIVE The world is entering a decade of tumult as the pursuit of a more just world order clashes with the arbitrary hegemony of the collective West, Russian President Vladimir Putin said on Thursday, addressing the annual meeting of the Valdai Discussion Club. Putin’s speech ranged from biodiversity to “cancel culture,” the nature of what the West has to offer and Russia’s response, followed by hours of answering audience questions. Here are six key points from his opening remarks. The West stokes conflict to preserve hegemony From inciting conflict in Ukraine and provocations around Taiwan to destabilizing the world…

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Thursday, 27 October 2022 06:51

More than 1,000 pharmacists have been leaving Nigeria annually in the last 5 years - PSN

Pharmaceutical Society of Nigeria has lamented the rising number of members leaving the nation’s borders, noting that more than 5,000 people have done so in the last five years. The society’s President, Cyril Usifoh, disclosed this at its 95th Annual National Conference in Lagos on Wednesday. He said, “There is an unprecedented movement of pharmacists away from Nigeria. At the last count, about 5,208 pharmacists have left the country in the last five years in search of the proverbial green pastures, especially in Canada, the UK, and the United States, just like their counterparts in other health fields and indeed…

Thursday, 27 October 2022 06:50

UK court refuses compensation claims to Nigeria in case involving British firm that paid bribes to NNPC officials

Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore over bribes paid to officials at Nigeria’s state oil company was denied by a London court on Wednesday. Lawyers representing the country told London’s Southwark Crown Court that Nigerian officials should be permitted to address the court on Nov. 2 and 3, when Glencore Energy is to be sentenced having pleaded guilty to seven counts of bribery in connection with oil operations in five African countries including Nigeria. But the Judge, Peter Fraser, ruled that Nigeria does not have the right to be heard, as…

Thursday, 27 October 2022 06:48

Lagos to FG: You can’t sell Tafawa Balewa Square while ownership dispute case is in court

Lagos State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo, yesterday, cautioned Federal Ministry of Finance, Budget and National Planning over alleged plan to sell Tafawa Balewa Square (TBS). He advised the ministry and Bureau of Public Enterprises (BPE) against selling or concessioning the facility until the suit instituted by his office at the Supreme Court is determined. He said hearing in the case has been fixed for November 1, 2022 by the apex court. Onigbanjo said the caution followed a media report insinuating that government was planning to either sell or concession the expansive property sited on Lagos Island. He…

Thursday, 27 October 2022 06:46

What to know after Day 246 of Russia-Ukraine war: Russian and West’s perspectives

RUSSIAN PERSPECTIVE Western weapons flowing into Ukraine have begun to make their way onto black markets, Russian President Vladimir Putin said during a meeting with the heads of security and special services of the Commonwealth of Independent States (CIS) countries on Wednesday. The Russian leader called on the participants of the meeting to bolster cooperation in anti-terrorism efforts and noted that there were “serious challenges” posed by the emerging black arms markets in Ukraine. Putin claimed that “cross-border criminal groups” were actively involved in smuggling weapons to other regions and that it wasn’t just small firearms. “There is a persistent…

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