ALL THE RELEVANT NEWS: SUNDAY

24 Sep ALL THE RELEVANT NEWS: SUNDAY

🌎The federal government yesterday announced that it had secured a $13.5 billion investment commitment from International Oil Companies (IOCs) as well as independent producers to boost the country’s crude output in the next 12 months. The Special Adviser to the President on Energy, Mrs. Olu Verheijen, in a statement posted on the State House’s website, said the partnership was carried out alongside the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

🌎Vice President Kashim Shettima, on Saturday, said that with China’s support, Nigeria’s socio-economic development has improved significantly. He spoke while delivering his goodwill address during the Mid-Autumn Festival and National Day celebration held in Lagos.

🌎Access Holdings’ net profit for the first six months of the year increased by more than half compared to that of the same period of last year as its half-year revenue crossed the N900 billion mark for the first time ever.

🌎Minister of Works, Dave Umahi, has revealed plans by the federal government to construct a supersonic highway that will enable motorists travel between Lagos and Abuja in just four hours.

🌎The Nigerian government is working towards generating 20,000 megawatts by 2026 and 60,000 megawatts of electricity by 2026, Minister of Power, Adebayo Adelabu, has said. Adelabu revealed this in Osogbo, Osun State capital during his visit to the National Control Centre (NCC) of the Transmission Company of Nigeria (TCN) on Friday.

🌎The group chairman of Heirs Holding and United Bank of Africa (UBA) Plc, Tony Elumelu, has pointed out that excessive demand for the U.S. dollars arising from a lack of confidence in Nigeria’s economy is responsible for the slump in naira.

🌎Babajide Sanwo-Olu, Lagos State governor, has made hints that the state’s monthly sanitation campaign would be brought back.
The governor said this Friday while conducting an inspection to check for adherence to the government’s environmental cleaning measures in various parts of the state.

🌎Security Stories: Defence Headquarters (DHQ) says troops of the Nigerian armed forces have eliminated 52 terrorists, apprehended 60 and rescued 61 kidnapped hostages in different operations between 15 and 22 September.
*Troops of Operation Safe Haven (OPSH), a military taskforce maintaining peace in Plateau, Bauchi and Kaduna states, have uncovered a gun factory at Kafachan, Jama’a Local Government Area (LGA) of Kaduna State.

🌎Russia-Ukraine War: Nine people were killed and 16 injured, among them two generals, in a Ukrainian airstrike on Russia’s Black Sea naval headquarters in Crimea, according to the head of Ukrainian military intelligence.
*Russia’s foreign minister Sergei Lavrov said Ukraine’s peace formula is “completely not feasible” adding that the war would be resolved on the battlefield if Kyiv and West stuck to the plan as a basis for negotiations.
*Russian spies are using hackers to target computer systems at law enforcement agencies in Ukraine in a bid to identify and obtain evidence related to alleged Russian war crimes, according to Ukraine’s cyber-defence chief.
*Lavrov told the UN General Assembly the “time has come for mutual trust building” between Armenia and Azerbaijan and says Russian troops “will certainly help with this”.