One of the concerns of President Muhammadu Buhari from the inception of his administration includes inquiries on the resting of the national carrier — Nigeria Airways Ltd. — and the process of reviving the once vibrant Nigerian airline. For the benefits of the hindsight, Nigeria Airways was vibrant in the 1980s with its fleet comprising more than 30 aircraft before it was rested in 2003. With a promising future for the airline then, the federal government moved from owning 51 per cent shareholding of the airline to 100 per cent shareholding in1961 to make the airline the country’s flag carrier, serving…
Author: TheStories
The Bank of Industry (BoI) on Tuesday signed an agreement worth €100 million with the French Development Agency (AfD) for the expansion of green finance in Nigeria to tackle climate change. Managing Director, BoI, Mr Olukayode Pitan, said at the signing ceremony in Lagos that the transaction was approved by AFD under its Transforming Financial Systems for Climate (TFSC) Programme with the Green Climate Fund (GCF). Pitan said TFSC was a $650 million programme developed in 17 countries for 100 per cent climate investments projects. According to him, the 10-year facility is priced at 2.47 per cent per annum with…
Nobel Laureate, Prof Wole Soyinka, says he does not care if Nigeria’s next president, vice-president, and speaker of the House of Representatives are all from the same village and religion. Soyinka spoke on Channels Television’s NewsNight, a pre-recorded interview, aired on Monday. “I don’t give a damn if the president, the vice-President, the speaker, etc all come from the same village, they have the same religion, they belong to the same tribe,” Soyinka said when asked about his thoughts on the controversy that has trailed the Muslim-Muslim All Progressives Congress presidential ticket. The dramatist quickly added, “If, however, it is…
Polish media have reported that 800 Revolver 860 combat drones, which are described as “flying mortars”, have been delivered to Ukrainian forces. Polish technology media outlet WP tech on August 18 reported that 800 Revolver 860 Armed VTOL UAVs have been “donated” to Ukraine’s military. The report described the large quadcopter as a “flying mortar” because of the drone’s revolving drum-like bomb bay, which can hold eight 60-millimeter (mm) mortar shells. The UAV weighs 42 kg and is 1.35 m in diameter. When loaded with eight 60 mm mortar rounds, it can fly up to 20 kilometers and stay airborne for 20…
A journalist was shot dead Monday afternoon in southern Mexico, authorities said, shortly after posting online about the disappearance eight years ago of 43 students from a nearby area. Fredid Roman, who published his work on various social media pages and contributed to a local newspaper, was found dead in his car in the city of Chilpancingo, the capital of Guerrero state, the local prosecutor’s office said Monday evening. The Disappearance of the 43 Students The case of the 43 students from Guerrero, who went missing in 2014 after commandeering a bus to head to a protest, is considered one…
Foreign Minister Mevlut Cavusoglu said Tuesday that several member countries of the Atlantic Alliance, not just the United States, want the war between Russia and Ukraine to continue. “There are those who wanted to sabotage the grain deal. But it is not the United States. The contribution (of Washington) has been the removal of restrictions on export of Russian fertilizers, unblocking of ports, (removal of restrictions) on banking operations,” he stressed. The head of the Turkish Foreign Ministry also explained, during an interview with the Haber Global channel, that 33 ships have already left Ukraine thanks to the protection agreement…
Ankara supports Ukraine’s territorial integrity and rejects the illegal annexation of Crimea, Turkish President Recep Tayyip Erdogan said on Tuesday. “The return of Crimea to Ukraine, of which it is an inseparable part, is essentially a requirement of international law,” Erdogan said in a video message to the Second Crimea Platform Summit. The Crimea Platform is an international coordination mechanism of Ukraine to draw more global attention to Russia’s illegal annexation of Crimea in 2014. Erdogan said Ankara will continue to support the Crimean Platform that was established to resolve the Crimean issue through peaceful means. “Türkiye does not recognize…
The Secretary of National Security and Defense Council of Ukraine, Oleksiy Danilov has said that support for the war is falling in Russia. He tweeted on his Twitter handle @OleksiyDanilov that the Federal Security Service (FSB) has planned a series of terrorist attacks in that country that are supposed to end up in massive civilian casualties. “Russia’s support of the war is falling. The Kremlin needs public mobilization,” Danilov tweeted. The FSB is expected to organize a series of terrorist acts in Russian cities with mass civilian casualties. According to him, Darya Dugina, the daughter of Kremlin ideologist Alexander Dugin,…
Nearly half of Europe is threatened by drought, according to a report by the European Commission’s science and knowledge service. The report said as of August 10, 47 per cent of Europe’s territory had reached a warning level for drought, while 17 per cent of surveyed regions were on full alert. Researchers said dry conditions were related to scarce rain and a number of heat-waves from May onwards that had affected river discharges widely across Europe. Reduced water volumes have also adversely affected the energy sector for both hydropower generation and cooling systems of other power plants. The drought has…
Nobel laureate Wole Soyinka has questioned the Federal Government’s handling of the farmer-herder crisis. Speaking exclusively to ChannelsTV’s NewsNight, a pre-recorded program which airs every Monday, the literary icon wondered why the government was yet to ban cattle group, Miyetti Allah while it had proscribed the Indigenous People of Biafra, a group seeking the secession of the South-East from Nigeria. He said Nigeria must always put the country’s history in perspective in order to understand security challenges. “My temperament does not accept that anyone should chase me out of my God-given earth. So, it’s a temperamental thing as well,” Soyinka said.…