Day: March 18, 2024

UK Rejects Russia Election Result

Abibat Babalola

Britain’s foreign minister David Cameron on Monday said the result of the Russian elections showed “the depth of repression” under President Vladimir Putin. The Kremlin praised Putin’s landslide re-election for a fifth term in office as “eloquent confirmation” of the people’s support. But Cameron, who on Sunday evening said the election was neither free nor fair, dismissed the poll outcome as undemocratic. READ ALSO: Why Prices Of Locally Made Products Skyrocketed – CPPE How Man Who Lived In Iron Lung For Over 70 Years Dies At 78 Japa: Nigeria Lost…

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Why Prices Of Locally Made Products Skyrocketed – CPPE

ADEOLA YUSUF

The Center For The Promotion Of Private Enterprises, CPPE, has high energy cost has made local production expensive and uncompetitive, especially in the cement industry. The Center, specifically noted that cement production is highly energy intensive with gas being the major energy source and unfortunately priced in dollars for manufacturers in the country who in turn sell their products in naira. Chief Executive Officer, CEO, of the CPPE, Dr. Muda Yusuf, while reacting to comments on the floor of the House of Representatives on cement price which portrayed cement manufacturers…

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Court Orders Binance To Release Data Of Nigerian Users

Ganiyu Amodu

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform. The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance. The suit marked: FHC/ABJ/CS/259/2024 and dated February 29 according to the anti-graft agency was brought pursuant to Sections 6(b), (h), (I), 7(1), (a)(2), and 38 of the Economic and Financial Crimes Establishment Act, 2004 and Section 15 of…

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Terrorists Kidnap 87 In Fresh Kaduna Attack

Ganiyu Amodu

Terrorists again launched a ruthless assault on the Kajuru-Station Community in Kajuru Local Government Area of Kaduna State, abducting 87 individuals on Sunday night. Harisu Dari, a member of the Kajuru-Station Youths, confirmed the incident, highlighting the terror that struck around 10 pm. According to eyewitness reports, the attackers not only abducted civilians but also pillaged shops, looting food items and other valuables. This marks another grim chapter in the escalating crisis, with this assault following closely on the heels of the abduction of 15 women and a man in…

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How Man Who Lived In Iron Lung For Over 70 Years Dies At 78

Abibat Babalola

TEXAS, USA – Paul Alexander, the man who spent over seven decades living in an iron lung, has passed away at the age of 78. His death was confirmed by a fundraiser for his healthcare, though further details were not provided. Christopher Ulmer, the organizer and disability-rights activist, shared the news on Alexander’s GoFundMe page, stating, “Paul Alexander, ‘The Man in the Iron Lung,’ passed away yesterday. READ ALSO: SSANU, NASU Begin Strike, Ground Varsities Killing Of Soldiers: Tinubu Talks Tough, Orders CDS to Fish Out Killers Crescent Varsity Law…

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SSANU, NASU Begin Strike, Ground Varsities

Ganiyu Amodu

The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have begun a nationwide strike over what they described as unfair treatment and disparity in the payment of withheld salaries by the Federal Government. “Definitely, it (the strike) has already started,” SSANU President, Mohammed Ibrahim, declared on Channels Television’s The Morning Brief programme on Monday. “As at today (Monday), all our workers in registry, bursary, works and maintenance, secruity, students’ affairs have withdrawn their services and nothing moves within the administration of any public university in…

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Killing Of Soldiers: Tinubu Talks Tough, Orders CDS to Fish Out Killers

Abibat Babalola

According to the President, the soldiers were on a peace mission, responding to a communal crisis between Okuama and Okoloba communities. Tinubu vowed that the culprits will be brought to book.He said his administration will do everything possible to maintain peace in every part of the country. The President noted that the Defence Headquarters and Chief of Defence Staff have been granted full authority to bring to justice anybody found to be involved in the killing of the Army officers and soldiers. The statement reads: “On Saturday morning, the Nigerian…

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Nigerian Customs Exchange Rate For Cargo Clearance Drops To N1593/$

Abibat Babalola

The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about N18.87. Last week, the CBN through the customs service increased the exchange rate for cargo clearance by N18.44 to the prior figure. The drop in exchange rate for cargo clearance mirrors the recent strengthening of the naira on the forex market. The naira closed at N1602.75 on the last trading day of last week 15th March 2024 according to data from FMDQ Convergence of official and parallel market rate The…

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24 Years In Power, Putin Wins Russia’s Fresh Presidential Election

Abibat Babalola

▪️’My warning to the West,’ what the former KGB lieutenant colonel, who rose to power since 1999, said on how he will serve a fresh 6-Year Term to become Russia’s longest-serving leader for more than 200 years       Russian President Vladimir Putin won a record post-Soviet landslide in the presidential election on Sunday, March 17, 2024. Putin cemented his already tight grip on power in a victory he said showed Russia had been right to stand up to the West and send its troops into Ukraine. The president,…

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Axxela Wins Leadership Prize, Promises More Investment In Energy Sector

ADEOLA YUSUF

Axxela Limited, a leading sub-Saharan African gas and power company, says the leadership award bestowed on the company is both an encouragement and motivation for it to persistently improve and do more. The company was recently awarded a gold medal in the 2024 EcoVadis Sustainability Rating. This rating, according to a statement,underscores Axxela’s steadfast commitment to sustainability, corporate social responsibility, and ethical business practices. Ranked in the top 5% among companies evaluated by EcoVadis over the past twelve months, Axxela achieved an impressive 97 percentile rank, showcasing its dedication to…

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