ALL THE RELEVANT NEWS: MONDAY

02 Oct ALL THE RELEVANT NEWS: MONDAY

🌎President Bola Tinubu has increased the proposed monthly allowance for federal civil servants from N25,000 to N35,000, an official has said. The money is still to be paid monthly for six months. The increment was announced in a statement by Information Minister Mohammed Idris.

🌎Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned to a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored some risk appetite.
Brent December crude futures rose $1.04 to $93.24 a barrel by 1124 GMT after falling 90 cents on Friday.

🌎The First Lady, Oluremi Tinubu, says her husband, President Bola Tinubu, is not a magician but is working to fix the country. Mrs Tinubu stated this on Sunday in Abuja during her remarks at the interdenominational church service to mark Nigeria’s 63rd Independence Anniversary, with the theme: “Christ in you, the hope of glory.” She said the Tinubu administration inherited the situation on the ground but is willing to fix things without putting blame on any administration.

🌎In a statement on Sunday evening, BUA cement, said the company’s management said it had now decided to bring the “price reduction forward” in fulfilment of the pledge. “As a result, BUA Cement would now be sold at an ex-factory price N3,500 per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants,” the company said.

🌎The Nigerian government announced, on Sunday, the waiver of Value Added Tax (VAT) on diesel for the next six months to address the impact of petroleum subsidy removal in the country. The waiver is part of the resolution reached during the meeting between the labour unions and the government delegation, information minister Mohammed Idris said in a late Sunday statement.

🌎Security Stories: Nine persons were on Monday confirmed dead after gunmen attacked Adu village in Kwal District of Bassa Local Government Area, Plateau State. The spokesman for the Miango Youths Development Association, Nuhu Bitrus, confirmed the death of the villagers
*Troops of Operation Safe Haven (OPSH), a security taskforce maintaining peace in Plateau, and some parts of Bauchi and Kaduna states, have arrested two persons over the killing of a Seminarian, Naman Stephen Ngophe.

🌎Russia-Ukraine War: EU foreign ministers hold a “historic” meeting in Kyiv to offer support to Ukraine, days after US House Republicans blocked aid for Ukraine, and a pro-Kremlin party won Slovakia’s parliamentary elections.
*Ukraine’s foreign minister said Kyiv was working with Washington after Congress did not include new aid in a last-minute deal to avoid a government shutdown. President Joe Biden vowed that American support for Kyiv would continue.
*A pro-Russian figure is poised to begin coalition talks following Slovakia’s election, in what could pose a challenge to NATO and EU unity on Ukraine.
*Russian forces launched heavy shelling at Kherson in recent days, wounding at least six people in the southern Ukrainian region.