17 May ALL THE RELEVANT NEWS: TUESDAY
🌎Oil hit its highest in seven weeks on Tuesday on European Union’s ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China’s COVID lockdowns. Brent crude rose as high as $115.14, its highest since March 28, and by 0815 GMT was up 46 cents, or 0.4%, to $114.70
🌎EFCC yesterday arrested the serving Accountant General of the Federation, Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80 billion.
🌎The consumer price index, which measures the rate of increase in the price of goods and services, climbed 8-months high to 16.82 per cent in April 2022 on the wings of surging food and gas prices.
🌎The Academic Staff Union of Universities (ASUU) and the Joint Action Committee of the Non-Academic Staff Union of Educational and Associated Institutions and Senior Staff Association of Nigerian Universities have said the Federal Government did not reach a strong agreement with them that can lead to calling off the industrial actions. Meanwhile, students have continued their protests in some cities.
🌎The Federal Inland Revenue Service (FIRS) NNPC, MTN, LNG among top-performing taxpayers in 2021.
🌎FG said on Monday that despite its efforts to leverage the benefits of tax exemptions and concessions, the incentive has rather led to huge revenue loss for Nigeria.
🌎The federal government says the Abuja-Kaduna train service will resume operations on May 23.
🌎Seplat Energy Plc has confirmed the retirement of Dr A.B.C Orjiako from the board of the company, after the Annual General Meeting (AGM) scheduled to be held on May 18, 2022.
🌎The suspended acting Chairman of EFCC, Ibrahim Magu, has been promoted to the level of Assistant Inspector-General of Police by the Police Service Commission.
🌎2023 Politics: The Minister of Transportation, Rotimi Amaechi, has resigned his appointment to continue his pursuit for the highest office in the land.
* Also the managing director of Nigerian Security Printing and Minting Company (NSPMC), Abbas Masanawa, has resigned his appointment to pursue his gubernatorial ambition.
* The Presidential Adviser on Niger Delta Affairs, Senator Ita Enang, has also resigned his appointment, in order pursue his Akwa Ibom State governorship bid.
* But the minister of state for Petroleum, Timipre Sylva, has withdrawn from the presidential race in the All Progressives Congress and has returned to work.
🌎Security Stories: At least seven persons were killed by suspected bandits at Karfi community in Takai Local Government Area of Kano State. Residents said the gunmen also abducted the head of the community and injured three others.
* Six suspected members of the Proscribed Indigenous People of Biafra (IPOB) and its armed affiliate, Eastern Security Network (ESN) have been killed in a bloody gun duel with the police. They were killed when they attempted to burn down the Palace of Imo Chairman Council Of Traditional Rulers, His Royal Highness Eze Dr E. C Okeke at Orlu Local Government Area.
🌎Russia-Ukraine War: The National Information Technology Development Agency (NITDA) has warned businesses and organisations of the possible spillover of cyber-attacks as a result of Russia’s invasion of Ukraine.
* Ukraine’s defence ministry says 264 fighters have left the Azovstal steel plant in Mariupol and been taken to areas held by Russian-backed rebels. Fifty-three heavily injured fighters were taken to the town of Novoazovsk, and another 211 to Olenivka. However, he said some fighters remain trapped at Azovstal and efforts to rescue them are ongoing
* Turkey’s President Erdogan says the country will not approve Finland and Sweden’s applications to join NATO, accusing them of harbouring terrorists
President Putin says there is no threat to Russia from the Nordic states joining, but new military infrastructure on their territory would provoke a response
* Some of the biggest-ever NATO military exercises in the Baltics have been taking place in Estonia and Latvia.
* McDonald’s, an American fast-food giant, announced Monday it will sell its Russian business and exit the market entirely. It said upon its exit it would sell its business in the country to a local buyer. Similarly, French automaker,
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