ALL THE RELEVANT NEWS: TUESDAY

12 Sep ALL THE RELEVANT NEWS: TUESDAY

🌎President Bola Ahmed Tinubu has secured landmark deals with the United Arab Emirates (UAE) while the visa ban on Nigerians has also been lifted.
Presidential spokesperson, Ajuri Ngelale, in a statement said the president and the UAE ruler, Mohamed bin Zayed Al Nahyan, on Monday met in Abu Dhabi to finalize the historic agreement which has resulted in the immediate cessation of the visa ban placed on Nigerian travelers.

🌎Oil prices rose about 1% on Tuesday, boosted by a tighter supply outlook, while investors awaited macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe.
November Brent crude futures rose 67 cents, or 0.7%, to $91.31 a barrel at 0949 GMT

🌎The United States Chamber of Commerce has invited President Bola Tinubu to ring the closing bell of the NASDAQ on Wednesday, September 20.

🌎The Medical and Dental Consultants Association of Nigeria (MDCAN) has suspended its planned nationwide strike by three months following an appeal by the Coordinating Minister of Health and Social Services, Muhammad Pate.

🌎The Nigerian Electricity Regulatory Commission (NERC) has launched an application that will enable citizens report power outage complaints and disruptions across the country.

🌎The United Nigeria Airlines, one of the leading airlines in the country, has received approval for operation of international flights. According to the Federal Ministry of Aviation and Aerospace Development’s approval, the airline would operate international flights to United States of America, the United Kingdom, Netherlands, Italy, Ireland and the United Arab Emirates (UAE).

🌎There are N400b new notes, N2.2tr old notes in circulation. According to the latest data from the Central Bank of Nigeria (CBN), CIC rose by 88 per cent from N1.39 trillion in January to N2.60 trillion in June. Former member, Presidential Economic Advisory Council, Bismarck Rewane said the Central Bank of Nigeria (CBN) printed N400 billion new notes following the currency redesign programme.

🌎Data from the National Bureau of Statistics shows that the Nigerian Postal Service (NIPOST) generated N3.01 billion as revenue in 2022 — a 43.9 percent decrease compared to N5.37 billion earned in 2019.

🌎Security Stories: Gunmen on Monday reportedly hijacked a Lagos-bound commercial bus belonging to Benue State-owned transport company, Benue Links, and abducted some passengers.
*Gunmen suspected to be bandits have attacked Kulben community in Mangu Local Government Area of Plateau State and killed 10 persons.

🌎Russia-Ukraine War: North Korean leader Kim Jong Un has arrived in Russia ahead of an expected meeting with President Vladimir Putin, as the US urged Pyongyang not to provide weapons for Moscow’s war in Ukraine.
*Russian and Ukrainian officials reported heavy fighting in a small area of the southern front, with no clear sign as to which side may have the upper hand. In the east, both sides said the most intense fighting is centered on the village of Andriivka, south of Bakhmut.
*Ukraine is gradually advancing toward the Russian-occupied cities of Bakhmut and Donetsk in the east of the country, its deputy defense minister said Monday.
*Russia on Sunday deemed the G20 Summit in New Delhi an “unconditional success,” a day after the meeting’s final declaration stopped short of explicitly condemning its invasion of Ukraine. Kyiv said the G20 had “nothing to be proud of.”