ALL THE RELEVANT NEWS: THURSDAY

08 Dec ALL THE RELEVANT NEWS: THURSDAY

🌍VP Osinbajo on Wednesday departed Hanoi, the capital of Vietnam, for New York in the United States (US) to participate in a high-level meeting on African Carbon Market, scheduled for Friday. He would be delivering the keynote address at the event, which is being hosted by the Rockefeller Foundation.

🌍Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. Brent crude rose 29 cents, or 0.4%, to $77.46 a barrel by 0905 GMT
On a one-day State Visit to Guinea Bissau yesterday, President Buhari reaffirmed the commitment Nigeria to work with and other countries towards sustaining and strengthening democracy and good governance in the sub-region and the entire African continent.

🌍The Nigeria Railway Corporation has hiked fares for Lagos-Ibadan and Lagos-Abeokuta train services because of the cost of diesel.
The Nigerian Content Development and Monitoring Board (NCDMB) said it recorded 54 per cent Nigerian content level in in the oil and gas sector in 2022

🌍The Nigerian Communications Commission (NCC) has announced that by the close of business on Monday, December 5, 2022, only two companies Airtel Networks Limited (Airtel) and Standard Network & Connections Limited (Standard Network), expressed interest in the auction of the 3.5GHz Spectrum band. Standard Network sent an email appeal for the deadline to be extended by 12 working days but NCC did not accept in view of the auction timetable.

🌍The Nigeria Midstream and Downstream Petroleum Regulatory Authority has assured that the queues at filling stations would soon disappear as marketers commence massive loading of petroleum products.

🌍President Buhari has signed into law the Chartered Risk Management Institute of Nigeria Bill, 2022, recently passed by the National Assembly.

🌍The Minister of Works, Babatunde Fashola, ordered the opening of the Second Niger Bridge to traffic on December 15 to ease traffic during the Yuletide.

🌍Security Stories: A former Accountant-General of Cross River State, Rose Bassey, has been kidnapped by unidentified gunmen at Uyanga-Okomita area of the Ikom-Calabar highway.
* The Nigerian Air Force aerial assaults on terrorist camps across three Local Government Areas of Igabi, Chikun and Birnin-Gwari in Kaduna State have led to the killing of many terrorists.

🌍Russia-Ukraine War: Russian President Putin said Wednesday that the threat of nuclear war is increasing. In a meeting at the Kremlin with Russia’s Human Rights Council, Putin said “In terms of the threat of nuclear war, you are right, such threat is increasing. “Nevertheless, we have a strategy… namely, as a defense, we consider weapons of mass destruction, nuclear weapons — it is all based around the so-called retaliatory strike — that is, when we are struck, we strike in response.”
* Crews in Ukraine are racing to repair the country’s energy system as hospitals suspend planned surgeries following Russian strikes. Moscow unleashed another wave of drone and missile attacks Monday targeting Kyiv’s energy infrastructure.
* Ukraine claims to have shot down 14 Iranian drones, with officials insisting Russia is resorting to using them because it’s “running out” of missiles.
* In the east, artillery and mortar fire has picked up on both sides of the front lines in Donetsk. At least 8 people were killed in one town, according to Ukrainian officials.