
Panic As Petrol, Diesel Storage Tanks Explode In Niger
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The Nigerian National Petroleum Company Limited is to deduct ₦242.53bn as subsidy on Premium Motor Spirit (PMS), popularly called petrol, from the Federation Account this month.
Although it described the proposed subsidy deduction as a value shortfall, the oil firm stated that the fund would be recovered from February 2022 proceeds due for sharing in the March 2022 Federation Account Allocation Committee meeting.
The NNPC disclosed this in its latest presentation to the FAAC meeting, which was obtained by our correspondent in Abuja on Friday.
It said, ‘The December 2021 value shortfall recovery on the importation of PMS amounted …

Russian authorities have revealed that she used its newest Kinzhal hypersonic missiles for the first time in Ukraine yesterday to destroy a weapons storage site in the country’s west.
This was made known by the defence ministry on Saturday.
Russia has never before admitted using the high-precision weapon in combat, and state news agency RIA Novosti said it was the first use of the Kinzhal hypersonic weapons during the conflict in pro-Western Ukraine.
“The Kinzhal aviation missile system with hypersonic aeroballistic missiles destroyed a large underground warehouse containing missiles and aviation ammunition in the village of Deliatyn in the Ivano-Frankivsk …

The Academic Staff Union of Universities (ASUU) has tackled the national assembly over the initiation of new bills for the creation of new universities in Nigeria.
ASUU wondered why the government would push for the creation of new universities while ignoring the existing ones currently in dilapidated states.
Africa Daily News, New York reports that the National Universities Commission, the regulatory body of universities in Nigeria, puts the total number of federal universities at 49; state-owned universities, 55, and private-owned universities, 99.
Though the NUC had earlier argued that the number of universities and lecturers in the country might not …

No fewer than seven people were injured on Friday in clashes between police and supporters of the former ruling party of Guinea-Bissau.
Africa Daily News, New York gathered that the incident took place in the capital Bissau at the headquarters of the African Party for the Independence of Guinea and Cape Verde (PAIGC) which is just opposite the presidential palace.
Police had reportedly used tear gas and truncheons to disperse the supporters of the PAIGC, which led Guinea-Bissau to independence from Portugal in 1974 and still contests the 2019 election of President Umaro Sissoco Embalo.
‘We deplore the events …

Finland was on Friday named the world’s happiest country for the fifth year in a row, in an annual UN-sponsored index that again ranked Afghanistan as the unhappiest, followed closely by Lebanon.
According to the rankings, Serbia, Bulgaria and Romania recorded the biggest boosts in wellbeing. The largest falls in the World Happiness table, released on Friday, came in Lebanon, Venezuela and Afghanistan.
Africa Daily News, New York reports that Lebanon, which is facing an economic meltdown, fell to second from last on the index of 146 nations, just below Zimbabwe.
War-traumatised Afghanistan, already bottom of the table, has seen …

Russian regulators on Friday came hard on US tech giant Google and its video subsidiary YouTube accusing it of ‘terrorist’ activities, which appears to be the first step towards a possible access ban.
Africa Daily News, New York reports that Russia has already blocked access to other global tech giants including Facebook, Twitter and Instagram as well as several independent media from her webspace.
Russian media regulator Roskomnadzor said YouTube users ‘are sharing adverts with calls to shut down railway communications between Russia and Belarus’.
Read Also: Ukraine: Russia Already Crossed All Red Lines – Zelensky
Russia partly carried out …

The Nigerian Electricity Regulatory Commission (NERC) on Friday has confirmed the removal of electricity subsidies by the Federal Government indicating that the citizens would now bear the full cost going forward.
While addressing a news conference in Abuja on Friday morning, the Chairman of the Commission, Mr Sanusi Garba, revealed that the review was conducted in line with multi-year tariff order that mandates that electricity tariff be reviewed every six months.
Africa Daily News, New York reports that the NERC’s confirmation is coming at a time the nation continues to confront an energy crisis amid petrol queues, rising diesel costs …