March 2022

Shock As Euro Falls Below $1.10 For First Time Since 2020

Shock As Euro Falls Below $1.10 For First Time Since 2020

March 4, 2022 2:46 pm

The euro on Friday sank close to a two-year low under $1.10 as the Ukraine conflict continues to cloud the eurozone’s economic recovery from the Covid-19 pandemic which it is still trying to recover from.

The European single currency slid in late morning deals to $1.0992, the lowest level since May 2020, as the greenback benefited also from its status as a haven investment.

Traders have continued to provide varied explanations for the drop, including a tweet from President Donald Trump in which he said the euro was dropping ‘like crazy’ and lamented the strength of the U.S. dollar, attributing …

Invasion NATO Rejects Ukraine's No-fly Zone Request

Invasion: NATO Rejects Ukraine’s No-fly Zone Request

March 4, 2022 2:40 pm

NATO allies on Friday rejected Ukraine’s demand for no-fly zones reiterating that they were increasing support but that stepping in directly would lead to a broader, even more brutal European war which would not be safe for anyone.

Africa Daily News, New York reports that Ukraine, a former Soviet republic that wants to join the European Union and Western military alliance NATO, is not a currently a member of either.

‘We are not part of this conflict, and we have a responsibility to ensure it does not escalate and spread beyond Ukraine,’ NATO Secretary-General Jens Stoltenberg told a news conference …

Nigeria Now On Autopilot, PDP Declares

Nigeria Now On Autopilot, PDP Declares

March 4, 2022 4:21 am

Nigeria’s main opposition Party, the Peoples Democratic Party (PDP) has declared that the All Progressives Congress (APC)-led Federal Government has placed Nigeria on autopilot that is now lacking direction.

PDP made this assertion in a statement by its National Publicity Secretary, Hon. Debo Ologunagba which was sighted  by Africa Daily News, New York. He said that all critical indicators so far have showed that the APC has allegedly abdicated its constitutional duty to guarantee the security and welfare of the people.

According to the party ‘The prevailing chaotic situation in the country with widespread uncertainties, unabating fuel crisis, piercing economic …

Buhari Has Grossly Failed North, Nigerians, Saraki Declares

Buhari Has Grossly Failed North, Nigerians, Saraki Declares

March 4, 2022 4:12 am

Former Senate President and a two-term governor of Kwara State, Bukola Saraki has declared that President Muhammadu Buhari has grossly failed the people of Northern Nigeria and the country in general.

Saraki who had last declared his ambition to succeed President Buhari is currently going on consultations around the country. On Thursday, his Presidential Campaigns train visited Kano, and speaking to Party stalwarts said that President Buhari promised to give Nigerians power but the country was now worse off in energy supply.

‘The President said he will provide effective security of lives and properties, today, Nigerians cannot even travel to …

2023 Presidency I Am 'Seriously' Consulting - Ngige

2023 Presidency: I Am ‘Seriously’ Consulting – Ngige

March 4, 2022 4:04 am

Nigeria’s Minister of Labour and Employment, Chris Ngige, has revealed that he was ‘seriously consulting’ to run for President in 2023 and would make his decision known to Nigerians in a matter of weeks.

The former Governor of Anambra State made this revelation during an appearance Channels Television’s Politics Today which was monitored by Africa Daily News, New York on Thursday.

When asked if he would run for President in the next general elections, he said; ‘I told my constituents that were urging me on last December that I will do some consultation and that I will speak to …

Nigerian Fighters Must Provide $1,000 For Ticket – Ukraine

Nigerian Fighters Must Provide $1,000 For Ticket – Ukraine

March 4, 2022 3:54 am

The Embassy of Ukraine in Nigeria on Thursday clarified that Nigerians who are willing to travel to Ukraine to fight Russian forces in the ongoing war must be willing to provide $1,000 for their tickets as well as visa.

The embassy gave this clarification when scores of Nigerian men trooped to its premises in Abuja on Thursday to express their readiness to join the Ukrainian side in fighting the Russians.

In an interview with newsmen, the Second Secretary at the Ukrainian Embassy to Nigeria, Bohdan Soltys, confirmed that $1,000 would be needed by Nigerian volunteers.

The announcement did not go …

2023 Afenifere Leader, Adebanjo Backs Igbo Presidency

2023: Afenifere Leader, Adebanjo Backs Igbo Presidency

March 3, 2022 11:30 am

Pa Ayo Adebanjo, a leader of the Yoruba socio-political organisation, Afenifere, on Thursday reiterated his call for a Nigerian President of Southeast extraction.

Adebanjo said it is the turn of the Southeast to produce Nigeria’s President because other regions have ruled the country.

He spoke while featuring on Channels Television’s Politics Today in a program which was monitored by Africa Daily New, New York.

The Afenifere leader argued that former President Olusegun Obasanjo who led for eight years and Vice-President Yemi Osinbajo hail from the Southwest.

Read Also: Why No One Should Be Afraid Of An Igbo Presidency –

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Putin Vows ‘Uncompromising Fight’ As War Enters Second Week

Putin Vows ‘Uncompromising Fight’ As War Enters Second Week

March 3, 2022 11:26 am

The President of Russia, Vladimir Putin on Thursday pledged no let-up in his invasion of Ukraine even as the warring sides met for ceasefire talks and Kyiv appealed for relief supplies to reach shattered cities.

Africa Daily News, New York recalls that following the fall of a first major Ukrainian city to Russian forces, Putin doesn’t seem to be in the mood to heed a global clamour for an end to hostilities as the war entered its second week.

‘Russia intends to continue the uncompromising fight against militants of nationalist armed groups,’ Putin said, according to a Kremlin account of …

5 Soldiers Killed As Helicopter Crashes In Romania

5 Soldiers Killed As Helicopter Crashes In Romania

March 3, 2022 4:46 am

A helicopter crash was on Wednesday reported in eastern Romania, close to the Black Sea, killing at least five soldiers who were on board the aircraft.

The spokesman of the Ministry of National Defence of Romania, Gen Constantin Spanu, confirming the crash, saying, ‘All five members of the IAR 330 crew lost their lives.’

Gen. Spanu further revealed that a search and rescue operation for the pilot of the MiG 21 LanceR was still ongoing.

It was reported that the IAR 330-Puma helicopter crashed in the area of Gura Dobrogei, 11 kilometres (seven miles) from the airfield on Wednesday.

Read

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Nigerians Suffering Under Reckless Misrule Of Elites – Jega

Nigerians Suffering Under Reckless Misrule Of Elites – Jega

March 3, 2022 4:41 am

A former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has asserted that Nigeria is on the precipice and would collapse if nothing drastic is done to save it.

Jega made this assertion on Wednesday in Abuja at the 2022 Workers’ Political Conference organised by the Nigeria Labour Congress.

He described the 2023 general elections as critical for Nigeria’s unity and an epochal moment which could pull Nigeria from the precipice.

Read Also: Some Judges Sell Judgments, Retire To Escape Sanctions –Jega

‘While Nigeria may not have totally collapsed, it is in the process of …

WTO Upset By Trade Implication Of Russia-Ukraine War -Iweala

WTO Upset By Trade Implication Of Russia-Ukraine War -Iweala

March 3, 2022 4:35 am

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on Thursday stated that the organisation was ‘deeply saddened by the continued suffering and loss of life’ as a result of the war in Ukraine.

The former Nigerian Minister of Finance made this known in a statement which was sighted by Africa Daily News, New York, as the war which has shocked the world and threatened global stability entered its seventh day.

The WTO had hoped that war would be averted but that hope was dashed.

With the battle raging on and talks between Ukraine and Russia yet …

Why Modular Refineries In Nigeria Can’t Refine Fuel – NNPC

Why Modular Refineries In Nigeria Can’t Refine Fuel – NNPC

March 3, 2022 4:29 am

The Nigerian National Petroleum Company Limited has explained that one of the major reasons why modular refineries in Nigeria were not producing Premium Motor Spirit (PMS), popularly known as petrol, was because of the regulated pump price of PMS by government.

A modular refinery is a simplified refinery that requires significantly less capital investment than traditional full-scale refineries. They are crude oil processing facilities with capacities of up to 30,000 barrels per day.

Nigeria which is a major oil producer in Africa has a number of modular refineries located in Edo, Delta, Imo and other states, while plans are on …

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