ALL THE RELEVANT NEWS: MONDAY

11 Sep ALL THE RELEVANT NEWS: MONDAY

🌎President Bola Tinubu met with leaders of the US, Germany and South Korea on the sidelines of the just concluded G20 summit. The summit which was held in New Delhi, India, saw Nigeria attend as a guest. It also witnessed the conferment of permanent member title on the African Union.

🌎Oil prices dipped on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent crude fell by 40 cents, or 0.44%, to $90.25 a barrel by 0848 GMT

🌎Speaking on the sidelines of the Group 20 (G20) summit in India on Sunday, Wale Edun expressed Nigeria’s perspective and commitment to building a stronger, sustainable, and resilient economy.

🌎The Bank of Industry has recorded yet another historic milestone by achieving N3.3 trillion in Total Assets as at June 30 2023. This represents a year-on-year growth level of 67% on N1.97 trillion asset level as at June 2022

🌎President Bola Tinubu will meet with the leadership of the United Arab Emirates by 5 pm UAE time, in a bid to resolve the Emirates Airline flight suspension to Nigeria, visa ban and other diplomatic issues today

🌎The Major Oil Marketers Association of Nigeria has said it is impossible for price of petrol to go as low as N200 per litre, even if the refineries are revamped.

🌎A Royal Navy warship, HMS Trent, on Sunday arrived in Lagos, Nigeria. This is Trent’s second visit to Nigeria, as part of its regional mission to aid allies and partners in driving down illegal activities including piracy and illicit trafficking.

🌎The Federal Government has obtained a $163 million loan from the African Development Bank, AfDB for wheat production. The Vice President, Senator Kashim Shettima, disclosed this when he represented President Bola Tinubu on a condolence visit to the family of late Sheikh Abubakar Giro in Argungu, Kebbi state

🌎AMCON-backed Unity Bank Plc reported a net loss of N38.9 billion for the first six months of the year in contrast to a net profit of N1.7 billion recorded a year ago, its newly issued financial report has shown.

🌎Security Stories: Gunmen killed a woman in the early hours of Sunday in the Mile 6 area of Jalingo, the Taraba State capital. The gunmen also abducted a police officer’s wife and his daughter. This is one amongst the several cases of kidnapping in Jalingo, the state capital in a space of two weeks.
*The police in Rivers State have arrested six suspects over their alleged involvement in the killing of a divisional police officer (DPO) in the state. The police spokesperson in the state, Grace Iringe-Koko, disclosed this in a statement on Sunday.
*The police in Anambra State, South-east Nigeria, said they have killed a suspected kidnapper in Umuota village, Obosi, a community in Idemili North Local Government Area of the state. The police spokesperson in the state, Tochukwu Ikenga, in a statement on Sunday morning, said the operatives also rescued a kidnap victim during the operation.

🌎Russia-Ukraine War: Ukraine said air defence systems stopped 25 out of 32 Iran-made Shahed drones launched by Russia in a wave aimed at Kyiv and the surrounding region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed cars damaged. “Drones came on to the capital in groups and from different directions,” Serhiy Popko, the head of Kyiv’s city military administration, said on Telegram.
*Ukraine has blamed Russia for the deaths of two foreign aid workers who were reportedly killed in eastern Ukraine on Sunday, as Russian shelling hit a van carrying a team of four working with a Ukrainian NGO, while dozens of Russian drones targeted Kyiv and wounded at least one civilian. Road to Relief said Anthony Ihnat, a Canadian, died in the attack, along with Spanish aid worker Emma Igual, who studied at the University of California at Berkeley.
*Russian President Vladimir Putin’s party unsurprisingly dominated the ballot box at home and in the occupied Ukrainian territories following regional elections, state-run news reported, despite the international community widely dismissing them as a sham.