ALL THE RELEVANT NEWS: WEDNESDAY

27 Sep ALL THE RELEVANT NEWS: WEDNESDAY

🌎At the Cardoso confirmation
The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of the apex bank. They were confirmed on Tuesday following a screening by the upper legislative body. The deputy governors who were confirmed are Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala Bello. Cardoso promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007.
*Senate President Godswill Akpabio has said the redesigned Naira notes introduced by former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, prior to the last general election, was meant to disrupt the conduct of the polls.

🌎Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. Brent crude futures were up 85 cents, or 0.9%, to $94.81 a barrel by 0827 GMT, after rising by as much as $1.03.

🌎The leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) will commence an indefinite strike on Tuesday, October 3. They announced this at a joint press briefing held by both leadership of the union in Abuja, the nation’s capital on Tuesday

🌎The Climate Action Platform for Africa (CAP-A), a public benefit organisation working to unlock Africa’s potential as a global hub for climate action, has announced the immediate past Vice President, Yemi Osinbajo, as the new Chair of the Board of Directors.

🌎Minister of Aviation and Aerospace Development, Mr Festus Keyamo, yesterday, said the plan to improve the revenue generation by aviation agencies was not tantamount to raising taxes and charges.

🌎The Federal Government has approved the purchase of 12 MD 530F Cayuse Attack Helicopters to improve the operational capabilities of the Nigerian Army, the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, said on Tuesday.

🌎A total of 108 power transmission towers were destroyed by vandals in various parts of the country between January 2022 and September this year, data obtained from the Transmission Company of Nigeria, on Monday revealed.

🌎IMF representative in Nigeria Ari Aisen, has said fuel subsidy removal and exchange rate unification will lead to a better outlook for the Nigerian economy. He said on Tuesday in an interview that the removal of fuel subsidies and unification of exchange rate has to continue for Nigeria to reach macroeconomic stability.

🌎President Bola Tinubu has charged Muslims to live by the teachings of Prophet Muhammad, as they celebrate this year’s Eid-el Maulud. The President, while congratulating the Muslim faithful, in a statement on Tuesday, said beyond celebrating the day marking the birthday of the Holy Prophet, the period should be used for deep introspection and fervent prayers.
*President Bola Tinubu has asked the officials of the National Drug Law Enforcement Agency (NDLEA) to introduce novel ideas to combat drug abuse and trafficking in the country. Represented by Vice-President Kashim Shettima at the 31st meeting of Heads of National Drug Law Enforcement Agencies, Africa (HONLAF) in Abuja on Tuesday, the president said he would provide all the necessary support for the anti-narcotic agency to fulfill its mandate.

🌎The Nigeria naira set a new record on Tuesday, falling to N1,000 against the dollar at the parallel market, on the confirmation of Dr Olayemi Cordorso as the new Central Bank of Nigeria (CBN) Governor by the Senate.

🌎Security Stories: Gunmen suspected to be kidnappers have abducted one Ajoke, a National Diploma ll student of Science Laboratory Technology at Isa Mustapha Agwai Polytechnic in Lafia, Nasarawa State.
*Some yet-to-be-identified assailants have allegedly abducted the Chairman of Mgbuka Amazu Market, Onitsha in Anambra State, Chief Enibe Francis, over circumstances said to be related to Monday’s sit-at-home.

🌎Russia-Ukraine War: After Ukraine claimed to have killed the commander of Moscow’s Black Sea Fleet, Adm. Viktor Sokolov, Russia’s defense ministry published video Tuesday that appeared to show him participating in a meeting. Ukraine said it is “clarifying” information it received about Sokolov.
*Russian drones hit a Danube River port in the Odesa region overnight, injuring two drivers and damaging warehouses, a Ukrainian official said Tuesday. A ferry crossing between Ukraine and Romania was closed following the strike.
*Ukrainian President Volodymyr Zelensky on Monday hailed the arrival of the first batch of US Abrams tanks in Ukraine, as the delivery is expected to add a powerful ground component to Kyiv’s forces. Moscow said the tanks “will burn” and won’t affect the outcome of the war.