The European Central Bank (ECB) lifted its benchmark interest rate by 75 basis points on Thursday in order to combat record inflation. The bank announced in Frankfurt that the key interest rate at which commercial banks could borrow money from the ECB would thus rise to two per cent. “The Governing Council took today’s decision and expects to raise interest rates further, to ensure the timely return of inflation to its two per cent medium-term inflation target,” the ECB said in a press release. “Inflation remains far too high and will stay above the target for an extended period,” it said.…
Author: Newsdesk
The Chief of Air Staff (CAS), Air Marshal Oladayo Amao, has said that the Nigerian Air Force (NAF) has set up a committee to compile all allegations of accidental air strikes on civilians. This is contained in a statement issued on Thursday by NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet. Amao who made the disclosure at the opening of the 2022 Air Operations Seminar in Uyo, said the committee would review the circumstances leading to such strikes. He said that the investigation was to proffer far-reaching measures that would mitigate future incidences of collateral damages on…
Cameroon Minister of Public Health, Manaouda Malachie on Thursday said Cholera has spread to eight of Cameroon’s 10 regions including the Center region, killing 272 people since October 2021. Manaouda told a press briefing in the capital city of Yaounde that as of October 20, 12,952 people were known to have been infected. Efforts were underway to stop the disease from spreading but people needed to observe basic hygienic rules and go for treatment immediately if they noticed symptoms, the minister stressed. On Wednesday, health officials in Southwest where the highest number of deaths and cases had been recorded began…
Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal to buy the social media company. Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco on Wednesday and hinted he was the company’s top boss after updating his profile bio to “Chief Twit”. Reuters reported on Tuesday that equity investors, including Sequoia Capital, Binance, Qatar Investment Authority and others, had received the requisite paperwork for the financing commitment from Musk’s lawyers. The deal’s completion…
ASHENEWS reports that the Federation Account Allocation Committee (FAAC) has shared N700.235 billion to the federal, states and local government councils, as federation allocation for the month of September 2022. The Communiqué issued at the end of the FAAC meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for September 2022 was N189.928 billion which is a decrease distributed in the preceding month. The distribution is as follows; Federal Government got N28.489 billion, the States received N94.964 billion, Local Government Councils got N66.475 billion. This online platform understands that, inclusive of Gross Statutory Revenue, Value Added…
By Justina Auta The Federal Ministry of Women Affairs on Wednesday reiterated its commitment to economic empowerment of women and combatting climate change in the country. The Permanent Secretary of the ministry, Aliyu Shehu -Shinkafi made the assertion during the 22nd Regular National Council on Women Affairs’ (NCWA) meeting in Abuja. The theme for the session is “Gender Inclusivity and Women Economic Empowerment: Making the Change Work for Women and Children.” Shehu-Shinkafi said the ministry would continue to implement policies and programmes that would empower women economically to be financially independent and improve the nation’s economy. He also encouraged organisations…
The Federal High Court on Wednesday restrained the Kogi state government from shutting down Dangote Cement PLC in the Obajana area of the state. ASHENEWS reports that the court also stopped the state government from disrupting or suspending the activities of Dangote Coal Mines Ltd and Dangote Industries Ltd in Okaba, Ankpa local government area and Olamaboro local government area, respectively. Justice Binta Nyako gave the interim order following two ex-parte motions moved by counsel for the companies, Regina Okotie-Eboh. The Kogi government and Dangote Group had recently locked horns over the ownership of the Obajana cement factory. On October…
The Independent National Electoral Commission (INEC) has vowed that it would not turn on its plan to transmit results through its Result Viewing Portal (IReV) in real-time on election day. The Commission’s chairman, Prof. Mahmood Yakubu disclosed this at the third quarterly meeting with political parties in Abuja on Wednesday. He identified several developments, including the Ekiti and Osun states governorship elections, the primary election by political parties for the 2023 general election, the publication of the final list of candidates sponsored by political parties for the election and the official commencement of electioneering and the suspension of the Continuous…
The Independent National Electoral Commission (INEC) says it has begun severe disciplinary actions against 23 staff members of the commission involved in unethical conduct during the Continuous Voter registration (CVR).. Its chairman, Prof. Mahmood Yakubu disclosed this at third quarterly meeting with political parties for the year 2022 held on Wednesday in Abuja. Yakubu said that the commission deployed thousands of diligent staff members for the CVR which started on June 28, until it was suspended on July 31. “The vast majority of them discharged their duties conscientiously. Unfortunately, a few of them did not. The fictitious registrations were carried…
ASHENEWS reports that the Independent National Electoral Commission (INEC) has released new preliminary number of registered voters in Nigeria, portraying a rise from 84,004,084 to 93,522,272; an addition of 9,518,188 newly registered voters. This online platform reports that the chairman of the commission, Prof. Mahmood Yakubu said this at third quarterly meeting with political parties for 2022 on Wednesday in Abuja. Yakubu said that the figure was preliminary as Section 19(1) and (2) of the Electoral Act 2022 required the commission to display the hard copies of the register of voters for each Registration Area (ward) and Local Government Area…