Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply, later in the year, offset concerns that a possible recession in developed economies could undercut demand. Brent crude futures climbed $1.27, or 1.4 per cent, to $94.92 a barrel by 1117 GMT. U.S. crude futures gained 93 cents, or 1.1 per cent, to $89.04 a barrel. Prices rose more than one per cent during the previous session, although Brent at one point fell to its lowest level since February, as signs of a slowdown mounted in some places. British consumer price inflation topped…
Author: Newsdesk
Nigeria’s Central Bank (CBN) says citizens can now subscribe to the digital currency using short codes as part of efforts to improve the acceptability of the eNaira. The CBN Governor, Mr Godwin Emefiele who spoke during the eNaira Hackathon grand finale in Abuja on Thursday, said the digital currency will soon become part of “our lives” with a fresh target of about eight million users. According to him, the digital currency has reached about 840,000 downloads, 270,000 active wallets, comprising over 252,000 consumer wallets and 17,000 merchant wallets. “Pursuant to achieving its mandate of preserving monetary and financial stability, the…
Lagos state government has announced the ban of commercial motorcycle (popularly known as okada) operations in four more local governments (LGs) and six Local Council Development Areas (LCDAs). The Commissioner for Transportation, Dr. Frederic Oladeinde made the announcement on Thursday in Ikeja, during a news briefing on the Phase 2 Total Ban on Motorcycle Operations. Oladeinde said that the ban, which would start from September 1, was the second phase of the plan by the state government to gradually phase out okada in the state. The government has earlier pronounced the total ban of motorcycle operations in six LGs and…
The Royal Commonwealth Society, Nigeria Branch has pledged to mediate between the Academic Staff Union of Universities (ASUU) and the Federal Government using the instrument of ‘Academic Diplomacy’ to resolve the situation. The Country Director of the society, Mr Blackson Bayewumi, said this in a statement in Abuja on Thursday. Bayewumi appealed to ASUU to embrace meaningful dialogue, consultations and compromise at resolving the prolonged academic strike, given the fact that the Federal Government was confronted with several other challenges with limited resources. He urged the union to also consider the lean income of the government to call-off the strike…
Emirates Airlines says it plans to suspend all flights to and from Nigeria on September 1, to limit further losses following its inability to repatriate about $85 million in revenue from the country. This is contained in a statement by the airlines, through its media consultant in Nigeria, JSP Communications in Lagos on Thursday. “Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution. “Regrettably, there has been no progress. Therefore, Emirates…
Dr Salma Ibrahim-Anas, the Director of Family Health Services, Federal Ministry of Health, says family planning and fertility education are critical towards achieving sustainable development and secured environment. Ibrahim-Anas made this known on Wednesday, at the National Inception meeting of the Women’s Integrated Services for Health (WISH) project in Abuja. She said that lack of family planning and poor access to fertility education contributed to the current security challenges affecting the nation. The director said that proper planning and spacing of children would enable parents instill morals, provide quality education, nutrition, as well as improve chances of survival and reduce…
At least 16 people have died and a further 36 are missing after a flash flood in north-western China, according to a report on state television on Thursday. The flash floods occurred on Wednesday evening in the mountains in Datong County near the city of Xining in Qinghai Province, after heavy rainfall. The downpours triggered landslides that blocked and diverted rivers, affecting more than 6,000 people in two towns and six villages, the report said. The authorities mobilised around 2,000 rescue workers, including police officers, paramilitary units, emergency services and government officials, for recovery efforts. Qinghai province has declared the…
The Muslim Rights Concern (MURIC), has faulted the insinuation by Bishop Mathew Kukah that President Muhammadu Buhari started same-faith leadership in Nigeria with the Buhari-Idiagbon regime in 1983. MURIC in a statement by its Director, Prof Ishaq Akintola on Wednesday, said same faith leadership actually began under Christian leaders and preceded the Buhari-Idiagbon administration. “While speaking on Channels Television programme, ‘Politics Today’ on Thursday 11th August, 2022, the Catholic Bishop of Sokoto, Rev. Fr. Mathew Hassan Kukah, accused President Muhammadu Buhari of starting same-faith leadership in Nigeria when he picked Tunde Idiagbon as his deputy in 1983. “But Father Kuka…
The Adamawa council of the Nigeria Union of Journalists (NUJ) has condemned physical assault on its female member and staff of News Department, Adamawa Broadcasting corporation Yola, Mrs Nafeesa Vandi by her husband on Wednesday. The husband, Ibrahim Aliyu is a sacked staff of PHCN. A statement by the council chairman, Ishaka Donald Dedan on Wednesday, also described the assault as “heinous, unacceptable, wickedness and barbaric on a professional female practicing Journalist to a stupor by Aliyu. Battered Nafeesa According to the statement, “though the police has already swung into action to investigate and arrest the perpetrator of the domestic…
The All Progressives Congress (APC) on Wednesday in Abuja, debunked reports of plots to remove Sen. Abdullahi Adamu, its National Chairman. Mr Felix Morka, APC National Publicity Secretary in a statement, said the report was being sponsored by opposition political parties. “The attention of the APC has been drawn to opposition-sponsored media reports on plots to remove the National Chairman of the party, Sen. Abdullahi Adamu. “The reports are based on the imagination of its sponsors ostensibly unnerved by the remarkable achievements of Sen. Adamu since assuming office as the national chairman,” he said. Morka said the APC and its…