ALL THE RELEVANT NEWS: TUESDAY

30 May ALL THE RELEVANT NEWS: TUESDAY

🌎DSS, EFCC Clash: Officials of the State Security Service (SSS) Tuesday morning prevented officials of the anti-graft agency, EFCC, from gaining access to the latter’s Lagos headquarters in Ikoyi, Lagos. The DSS has explained why its operatives stormed and occupied the Ikoyi, Lagos State office of the EFCC. Dr. Peter Afunanya, said the building belongs to the DSS and not the EFCC. But EFCC says the development is strange to the Commission given that we have cohabited with the DSS in that facility for 20 years without incident.

🌎Highlights of Tinubu’s Speech
Bola Tinubu was on Monday sworn-in as the 16th President of the Federal Republic of Nigeria and the Commander in-Chief of the Nigerian Armed Force at a colorful ceremony held at the Eagle Square, Abuja.
In his inaugural address to the nation, President Tinubu called on Nigerians to unite in taking the country to a greater heights.
The president then reeled out key aspects of his administration’s programme, which he said, would define its concept of progressive good governance in furtherance of the Nigerian ideal. They include:
*Fuel subsidy to go. Funds hitherto spent on subsidy will instead be re-channeled into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.
*Security to be top priority of the administration
* Higher GDP growth and to significantly reduce unemployment through budgetary reform, promoting domestic manufacturing and lessen import dependency, and improving electricity generation, transmission and distribution networks.
*Central Bank to work towards a unified exchange rate.
*Review of the Naira redesign policy. The old and new currency to remain legal tender
*Creating more job opportunities for the youth.
* Boosting agriculture and setting up commodity exchange boards
*To focus on infrastructural development
*Foreign policy to focus on actively leading the regional and continental quest for collective prosperity.

🌎Oil fell by nearly 2% on Tuesday as concerns about the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.36, or 1.8%, to $75.71 a barrel by 0859 GMT.

🌎US President Joe Biden has congratulated President Bola Tinubu on his inauguration, saying he looks forward to working with the new government of Nigeria.
* King Charles III of the United Kingdom has congratulated Bola Tinubu and Kashim Shettima on their inauguration as the president and vice-president.

🌎The Nigerian National Petroleum Company Limited has welcomed the pronouncement of President Bola Tinubu on the removal of fuel subsidy.
NNPC has urged Nigerians to stay calm and not to panic buy fuel.
* The Nigerian National Petroleum Company Retail Limited, a retail subsidiary of the NNPC Limited group, raked in total revenue of N255.6bn in its 2022 financial year, data from the report on key achievements in 2022 by NNPCL downstream directorate showed.

🌎Former President Muhammadu Buhari has returned to his country home, Daura, Katsina State, after handing over to President Bola Tinubu at Eagle Square in Abuja. A durbar is being held in his honour today.

🌎President Bola Ahmed Tinubu has made his first set of appointments. In the appointments, Tinubu named Ambassador Kunle Adeleke as the State Chief of Protocol to the President; former Lagos State Commissioner of Information, Dele Alake, as Presidential Spokesman and Olusegun Dada, Special Adviser on Digital Media.

🌎Security Stories: A Catholic Priest, Rev. Fr. Mathias Opara, who was kidnapped by gunmen last Friday in Imo State has regained freedom. He was released by his abductors late Sunday night.

🌎Russia-Ukraine War: Ukrainian drones struck Moscow on Tuesday, Russia said in what one politician called the worst attack on the capital since World War Two, while Kyiv was also hit by air for the third time in 24 hours.
* Russia launched another wave of attacks on Kyiv in the early hours of Tuesday and the city’s air defence systems were shooting down incoming missiles, while air raid sirens blared in several other regions. “A massive attack!” Kyiv Mayor Vitali Klitschko said on the Telegram messaging app. “Do not leave shelters.”
On Monday, Russia launched an unusual daytime attack against Kyiv, just hours after Ukraine claimed it intercepted a barrage of strikes on the capital and other parts of the country overnight. Kyiv military officials said the daytime raid shows Moscow has “changed its tactics” from night attacks to target civilians.
In the south, Ukrainian officials reported a series of explosions Sunday in and around the Russian-occupied cities of Berdiansk and Mariupol. In the west, local officials claimed Russia attacked a military facility in Ukraine’s Khmelnytskyi region.
Ukraine’s top general has hinted his country’s counteroffensive could be imminent. The campaign has remained shrouded in mystery, likely by design.