Exchange
Egyptian TikTok influencer to appeal 10-year trafficking sentence
Egyptian TikTok influencer Haneen Hossam will appeal a 10-year prison sentence handed down by a Cairo court that found her guilty of human trafficking, her lawyer said on Monday. In the latest twist in a nearly year-long saga, the court also fined the 20-year-old Cairo University student 200 000 Egyptian pounds ($13 000) on Sunday for encouraging women to share footage on the video-sharing app in exchange for money. “We will demand restoration of the case proceedings because there are contradictions between the verdict and the merits on which the court’s decision is based,” said lawyer Hani Sameh. “We hope that she can get a reduced jail sentence or an acquittal,” he told the Thomson Reuters Foundation. Several women have been accused of “inciting debauchery” for challenging Egypt’s conser...
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
UK: Some countries are using coronavirus vaccines as a geopolitical tool
British foreign minister Dominic Raab said on Friday there was no doubt some countries were using vaccines as a diplomatic tool to secure influence but Britain did not support so-called vaccine diplomacy. Raab was speaking to Reuters on the sidelines of a G7 summit in Cornwall, southwestern England, that was likely to be dominated by the West’s attempts to reassert its influence as the world looks to rebuild from the COVID-19 pandemic. Western diplomats fear Russia and China are using their vaccines to gain influence across the world, especially in poorer countries that do not have their own production or the means to buy shots on the international market. Asked whether he was concerned that China and Russia could use vaccines in exchange for influence, Raab said: “There’s no doubt there’s...
NAF chief: Armed forces committed to end insecurity
The Chief of the Air Staff (CAS), Air Marshal Oladayo Amao, yesterday declared that the Armed Forces remained committed to ending the crisis of insecurity ravaging the nation. He said the expected delivery of six A-29 Super Tucano fighter jets by the United States in July and two drones from China, would be a “game changer” in the war against insurgency. The position of the air force chief is coming on a day the Minister of Transportation, Hon. Rotimi Amaechi, sought the assistance of the Chief of Army Staff, Maj. Gen. Farouk Yahaya, to provide security for train stations and railway construction sites across the country. Speaking at the graduation ceremony of 1,031 recruits of the Nigerian Air Force (NAF), Basic Military Training Course 41/2020, Amao affirmed that “the NAF in consonance w...
Taiwan says China seeking political gain with Honduras vaccine move
Taiwan condemned China on Wednesday for seeking to use vaccines for political gain after Taipei’s diplomatic ally Honduras said it was considering opening an office in China in a bid to acquire much needed COVID-19 shots. Honduras does not have formal relations with China and is one of a group of Latin American nations that have formal diplomatic ties with Taiwan, which Beijing considers part of its territory. Honduran President Juan Orlando Hernandez said that to buy Chinese vaccines, he would do as the Chinese had suggested and look for a “diplomatic bridge”. read more Several Latin American nations are receiving Chinese vaccines, but countries that have built ties with Taipei rather than Beijing, such as Honduras and Guatemala, are not. Taiwan Foreign Ministry spokeswoman Joanne Ou said...
Nigerian government establishes 20 new marriage registries
The Federal Government has established 20 new Federal Marriage Registries across the country in a bid to bring Federal Marriage Registry closer to the grassroots. Minister of Interior, Ogbeni Rauf Aregbesola disclosed this Friday in Abuja at a National Stakeholders’ Conference on the Administration and Conduct of Statutory Marriage in Nigeria. According to him, efforts are ongoing to have Federal Marriage Registries in all the State Capitals of the Federation. A statement issued by the ministry’s Department of Press and Public Relations and signed by Towoju Raphael added that the Minister was represented by the Permanent Secretary in the Ministry, Dr. Shuaib Belgore. He said the Conference was necessitated by need for the Ministry to inform stakeholders and enlighten the public on some new...
Washington denies Iran state media report saying prisoner swap agreed
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
Senator Tinubu: Nigeria must remain united to surmount current challenges
The myriad of challenges facing Nigeria as a nation has received the attention of a former Governor of Lagos State, Bola Ahmed Tinubu, who submitted that the nation must remain united for the problems to be tackled. The National Leader of the ruling All Progressives Congress (APC), while canvassing for people’s support for President Muhammadu Buhari as he address the nation’s challenges, also stressed that his personal relationship with the president remains very cordial. Speaking on Monday night after an hour closed-door meeting with President Buhari, Tinubu, who was in company with the former Interim National Chairman of the APC, Chief Bisi Akande, emphasised that a concerted and united response was what is needed presently to address the various crises facing Nigeria. According to him, ...
Ramadan: Israel, Palestinians clash on Gaza border as Jerusalem violence continues
Palestinian militants in the Gaza Strip fired dozens of rockets into Israel on Saturday drawing retaliatory air strikes, the Israeli military said, after nightly Ramadan clashes between Palestinians and Israeli police had resumed in Jerusalem. The pre-dawn exchange of fire broke months of relative quiet on the Israel-Gaza frontier, though it did not appear to signal a wider escalation after the military said it was not imposing any safety restrictions on Israelis living near the border. In Jerusalem, Israeli-Palestinian tension has been higher than usual during the Muslim holy month of Ramadan. Protests turned violent on Thursday with scores of arrests and injuries. The unrest resumed on Friday night, when Palestinian youths gathered outside the walled Old City and scuffled with hundreds o...
Navy’s newest offshore survey vessel begins homeward voyage to Nigeria
The Nigerian Navy (NN), says its newest offshore survey vessel, NNS LANA, has began her homeward journey to the country. This is contained in a statement issued on Saturday in Abuja by the Director of Information, Naval Headquarters, Commodore Suleman Dahun. He, however, said the ship will visit ports in Lisbon, Las Palmas, Banjul and Tema-Ghana, before heading to Nigeria on May 17. According to Dahun, the Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, had addressed the ship’s company. The CNS noted that the foremost desire of every littoral state is to have a fleet with the right mix of platforms to meet its operational objectives. Gambo acknowledged that the homebound voyage of NNS LANA was another milestone in the NN’s fleet recapitalisation efforts. He added that the induction of N...
UN projects Nigeria’s GDP to expand by 1.5 percent
Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest World Economic Situation and Prospects report, the UN noted, that tighter foreign exchange (forex) liquidity, mounting inflationary pressures and subdued domestic demand clouded the medium-term outlook. Although last year, the global economy shrank by 4.3 per cent, this year’s projected recovery of 4.7 per cent will barely offset the losses of 2020, according to the report. The World Economic Situation and Prospects 2021 is a report produced by the UN Department of Economic and Social Affairs (DESA), in partnership with the UN Conference on Trade and Development (UNCTAD), and the five UN regional ...
Presidency: President Buhari never promised to make N1 equal $1
The Presidency has said that there was not a time when President Muhammadu Buhari promised to make N1 equivalent to $1. The Special Adviser to the President on Media and Publicity, Femi Adesina, said this on a Channels Television programme, Sunday Politics, on Sunday. Adesina, who also addressed complaints about the economy by Nigerians, including former Vice President Atiku Abubakar, said of the often quoted promise by Buhari to make N1 exchange for $1: “It does not exist, it is fake, it is false, it is apocryphal, it doesn’t exist.” He further told Channels Television that the Minister of Information and Culture, Alhaji Lai Mohammed, has debunked the claim several times and challenged anyone with clips and publications of the President promising such to make them available. On the critic...
