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UK Hotel Set Ablaze in Anti-Migrant Riot, Police Injured

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David Abi
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UK Hotel Set Ablaze in Anti-Migrant Riot, Police Injured.

Rotherham, following false rumors about a mass stabbing at a Taylor Swift-themed dance class. The misinformation led to a riot where at least 10 police officers were injured. Riot police clashed with demonstrators, who threw various objects, including wood and chairs, and even set a bin on fire near the hotel. Fortunately, no guests or staff were harmed, but the incident caused significant property damage.

The unrest was sparked by misinformation linking the stabbing, which tragically resulted in the deaths of three young girls, to an immigrant and radical Islamist. The actual attacker, 17-year-old Axel Rudakubana, is a British-born youth from Wales, and authorities have clarified that the incident is not being treated as a terrorist attack. Rudakubana has been charged with three counts of murder and ten counts of attempted murder.

Prime Minister Keir Starmer condemned the violence, labeling it as “far-right thuggery,” and vowed swift justice for those involved. He emphasized that such acts of violence and organized disorder are unacceptable and will be dealt with accordingly. The situation in Rotherham highlighted the dangers of misinformation and the resulting backlash, which led to chaos and injuries.

Lawmakers block FG from accessing N600bn CBN overdraft.

By
David Abi
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0

Lawmakers block FG from accessing N600bn CBN overdraft.

Nigerian lawmakers amended the CBN Act to increase the federal government’s borrowing limit from 5% to 10% of the previous year’s revenue, unlocking N610 billion in loans for 2024. However, the government still owes over N30 trillion to the CBN, preventing further borrowing until these debts are cleared. Despite legislative changes, accessing additional funds would require violating the CBN Act, which prohibits new loans until existing balances are settled.

President Bola Tinubu announced that the federal government’s revenue hit N9.1 trillion in the first half of 2024, surpassing the total revenue for 2023. However, economists argue that more substantial measures are needed to boost revenue, particularly by addressing issues in the oil and gas sector and implementing tax reforms.

NNPC Delays Modular Refinery Approvals, Affecting Crude SS

By
David Abi
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NNPC Delays Modular Refinery Approvals, Affecting Crude SS

NNPC Delays Modular Refinery Approvals, Affecting Crude Supply.

Operators of modular refineries in Nigeria are struggling to secure alternative crude oil supplies due to resistance from the Nigerian National Petroleum Company (NNPC). Despite being Africa’s largest oil producer, Nigeria’s local refiners face significant challenges accessing crude, which should be abundant. Leaked documents and interviews reveal that the state-owned NNPC is slow to approve modular refineries’ efforts to obtain crude oil.

Modular refineries, which require less capital investment than full-scale refineries, are particularly affected. A notable example is AIPCC Energy Limited, which operates the Edo Refinery and Petrochemicals Company Limited (ERPCL). Despite having agreements with Seplat and ND Western since 2022, ERPCL struggles to access crude due to bureaucratic delays. The company has repeatedly communicated with NNPC, highlighting their challenges and requesting assistance, but without success.

ERPCL and other operators report similar challenges, with some alleging interference by powerful figures in the oil sector who oppose in-country refining. The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the federal government to support indigenous refiners, as foreign investment in the sector has dried up. Many modular refineries, including those completed, face funding issues due to the uncertainty of securing crude oil supplies.

The lack of adequate local refining capacity has severe economic repercussions. Industries such as agriculture and manufacturing, reliant on diesel and other refined products, face high operational costs due to elevated fuel prices. The National Bureau of Statistics reported a 20% increase in food prices over the past year, largely attributed to high diesel costs, which peaked at N1,800 per litre earlier this year.

In a recent development, the Federal Executive Council approved a directive for the NNPC to sell crude oil to the Dangote Petroleum Refinery and other modular refineries in naira. While this move is expected to enhance domestic refining capacity and lower fuel prices, industry experts emphasize the need for tangible measures to implement this policy effectively.

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Critics: Tinubu’s Broadcast Disappoints, Lacks Substance

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David Abi
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Protests: Tinubu’s broadcast fell short of expectations— Organisers, Atiku, Soyinka, PDP, NLC, others

Critics: Tinubu’s Broadcast Disappoints, Lacks Substance.

Organizers of the nationwide protest, including figures like Atiku Abubakar, Wole Soyinka, and Femi Falana, criticized President Bola Tinubu’s national address. They felt it was inadequate and failed to address the core issues of economic hardship and public demands. Despite Tinubu’s appeal for dialogue, protesters continued their demonstrations, citing dissatisfaction with the lack of concrete solutions and the government’s response to police brutality. The Nigeria Labour Congress (NLC) and other groups echoed similar sentiments, expressing disappointment with the President’s lack of empathy and concrete actions to address the crises.

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Tinubu: Nigerians will see results of reforms soon

By
David Abi
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Tinubu: No Tolerance for Political Agendas Threatening Nigeria

Tinubu: Nigerians will see results of reforms soon

In a national broadcast, President Bola Ahmed Tinubu reassured Nigerians that his administration is working diligently to improve their lives, promising that the results of recent reforms will soon be visible and tangible. Addressing the protests against bad governance, Tinubu urged protesters to suspend their activities and allow room for dialogue. He expressed sorrow over the loss of lives and property damage in various states, emphasizing the need to restore peace and order. Tinubu called for unity and progress, asking Nigerians to remain hopeful and work together for a better future.

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Tinubu Calls for Immediate End to Protests

By
David Abi
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Tinubu Calls for Immediate End to Protests.

Tinubu Calls for Immediate End to Protests.

President Bola Ahmed Tinubu has called for an immediate suspension of the ongoing #EndBadGovernance protests across the country. In a live broadcast on Sunday morning, Tinubu urged Nigerian youths to embrace dialogue, stating that violence and destruction of property are not solutions to the nation’s challenges.

He emphasized his duty to maintain public order and protect the lives and property of all citizens, warning against the influence of individuals with political agendas. Tinubu expressed his understanding of the protesters’ frustrations and assured them that the government is committed to addressing their concerns. He also highlighted the importance of unity and cooperation in building a prosperous future for Nigeria, urging everyone to work together for the nation’s progress and stability.

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No Tolerance for Political Agendas Threatening Nigeria”

By
David Abi
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Tinubu: No Tolerance for Political Agendas Threatening Nigeria

Tinubu: No Tolerance for Political Agendas Threatening Nigeria”

In a nationwide address, President Bola Tinubu vowed that his administration would not allow a small group with political motives to destabilize Nigeria. Speaking in response to the ongoing national protests against economic hardship, Tinubu emphasized his duty to maintain public order and protect citizens’ lives and property.

He called for protesters and organizers to suspend further demonstrations and open a dialogue, stressing the need for unity across all divides to reshape the nation’s destiny. Tinubu warned those exploiting the situation to incite violence or ethnic bigotry that the law would hold them accountable.

Expressing sorrow over the loss of lives and property damage in states like Borno, Jigawa, Kano, and Kaduna, Tinubu acknowledged the economic hardships facing the country. He defended the controversial removal of fuel subsidies and changes to the foreign exchange system as necessary steps to correct long-term economic mismanagement. He assured Nigerians, particularly the youth, that the government is committed to listening and addressing their concerns, urging everyone to work together towards a prosperous and just Nigeria,

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Jigawa Government Imposes 24-Hour Curfew

By
David Abi
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Jigawa Government Imposes 24-Hour Curfew

Jigawa State Governor, Umar Namadi, imposed a 24-hour curfew on Friday in response to escalating violence during the first day of the nationwide protests. In a state broadcast, Namadi described the situation as unfortunate and emphasized the need to restore peace and stability.

The governor acknowledged the impact of the curfew on daily life but announced a temporary relaxation from noon to 2:30 p.m. on Friday to allow residents to attend Juma’a prayers at the mosque. The decision came after the protests, initially peaceful, turned violent with reports of destruction and looting. Namadi condemned the violence as unacceptable and contrary to local culture, vowing to work with security agencies to address the unrest and protect lives and property from miscreants and hoodlums

Activist Blinded by Tear Gas at #EndBadGovernance Protest in Abuja

By
David Abi
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0

Activist Blinded by Tear Gas at #EndBadGovernance Protest in Abuja.

A new video circulating on social media captures the moment Nigerian activist VeryDarkMan lost his eyesight during the ongoing #EndBadGovernance Protest in Abuja. The protest, held on August 2, 2024, marks the second day of nationwide demonstrations against economic hardship and hunger in Nigeria.

In Abuja, VeryDarkMan joined a peaceful protest advocating for better governance. However, the situation escalated when police began sporadically firing tear gas at the protesters. The video shows the distressing moment when the tear gas struck VeryDarkMan, resulting in him losing his eyesight. The incident has drawn significant attention and criticism, highlighting the tensions between protesters and security forces.

Electricity Cut to Kaduna Govt House Over N2.9bn Unpaid Bills

By
David Abi
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0

Electricity Cut to Kaduna Govt House Over N2.9bn Unpaid Bills

 

Kaduna Electric has cut off power supply to the Kaduna State Government House and other state government offices due to unpaid bills totaling ₦2.9 billion. Despite a recent payment of ₦256 million, significant arrears remain, covering electricity consumption from January to July 2024. The disconnection followed extensive but unsuccessful efforts to resolve the issue through consultations. This move comes after the Kaduna State Internal Revenue Service sealed the electricity company over ₦600 million in tax liabilities. The Nigerian Electricity Regulatory Commission previously intervened in the company’s management. The situation underscores the need for better financial management and timely payments by government entities to prevent disruptions in essential services.

“Police Detain 50 Hoodlums in Katsina Protest”

By
David Abi
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0

“Police Detain 50 Hoodlums in Katsina Protest”

The Katsina State Police have arrested 50 suspects during protests against economic hardship. According to the state’s Public Relations Officer, ASP Abubakar Aliyu, no fatalities were reported, and the situation has since been brought under control. Youths were observed vandalizing public properties, including street lights, solar panels, and poles. Security has been reinforced in the area.

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“Aurora Raises $483M for Self-Driving Truck Rollout

By
David Abi
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0

“Aurora Raises $483M for Self-Driving Truck Rollout

Aurora Innovation, a self-driving technology company, raised $483 million in a share sale, surpassing its initial goal of $420 million. The funds were secured a year after raising $820 million from a public and private stock offering. The new capital is expected to support Aurora’s goal of launching driverless trucks by the end of 2024 and achieving cash flow positivity by 2028. The company plans to use the proceeds for general corporate purposes and investments. Aurora’s commercial service is set to begin later this year on the Uber Freight network, with a multi-year collaboration in place. As of June 30, 2024, Aurora had $402 million in cash and $618 million in short-term investments, with a spending rate that leaves it without revenue until operations commence.

Aurora Innovation Raises $483M Ahead of Self-Driving Truck Launch

By
David Abi
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0

Aurora Innovation Raises $483M Ahead of Self-Driving Truck Launch.

The U.K. Electoral Commission suffered a cyberattack, resulting in a data breach affecting 40 million voter records. A report by the Information Commissioner’s Office (ICO) criticized the Commission for not implementing basic security measures, like patching known vulnerabilities, which could have prevented the breach. The hack, which began in August 2021, was attributed to China, although China denied involvement. Despite the severity of the incident, the ICO did not fine the Electoral Commission, citing the lack of evidence that the stolen data was misused and the limited nature of the data involved. The ICO’s decision aligns with a current policy to avoid large fines for public sector bodies. The Commission has since taken steps to improve security, including updating infrastructure and implementing better password controls.

Mourinho targets ex-Man Utd star for Fenerbahce

By
David Abi
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0

Mourinho targets ex-Man Utd star for Fenerbahce

Jose Mourinho, newly appointed manager of Fenerbahce, is keen to recruit Sofyan Amrabat, the Moroccan midfielder who had a stint at Manchester United. Despite a mixed performance during his loan at Old Trafford, Mourinho sees Amrabat as a key addition to bolster Fenerbahce’s midfield.

Mourinho has already made significant moves in the transfer market, with Fenerbahce signing eight new players this summer. Amrabat, who impressed during his time with Fiorentina and Manchester United, is seen as a crucial asset for the Turkish club as they aim for both domestic and European success.

However, Fenerbahce will need to negotiate with Fiorentina, who are expected to demand a high fee for Amrabat. Manchester United also remains interested in re-signing him if their pursuit of PSG’s Manuel Ugarte falls through.

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Chelsea’s Romelu Lukaku has turned down a Champions League team WHY

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David Abi
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Chelsea’s Romelu Lukaku has turned down a Champions League team to join Napoli as Victor Osimhen’s replacement.

Chelsea’s Romelu Lukaku has turned down a move to Aston Villa, despite Chelsea agreeing on a transfer fee, in favor of joining Napoli. Lukaku’s decision is influenced by his desire to reunite with his former Inter Milan coach, Antonio Conte, now managing Napoli. Although Lukaku has had previous loan spells with Inter and Roma, neither club is pursuing him at the moment, prompting him to seek a new opportunity. His focus is now on Napoli, where he hopes to revive his career under Conte’s guidance.

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