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Nairaland Pulse | News

20 Dec, 14:20

🗣Mayotte Receives Emergency Relief from Macron After Cyclone Chido

President Emmanuel Macron has landed in Mayotte, bringing essential food and medical aid following the devastation caused by Cyclone Chido. The cyclone, with winds over 225 km/h, claimed 31 lives and displaced thousands.

A state of exceptional natural disaster has been declared to speed up relief efforts. Many residents, especially migrants in informal settlements, have been severely impacted. Half the territory remains without power.

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20 Dec, 12:19

🗣UK Targets Georgian Officials Over Violent Suppression of Protests

The UK has sanctioned top Georgian officials for violating human rights during pro-European demonstrations. Interior Minister Vakhtang Gomelauri and four other officials face travel bans and asset freezes.

The sanctions come after violent clashes between police and protesters, who oppose the government’s decision to delay EU membership talks. The UK Foreign Office called the crackdown a direct attack on democracy.

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20 Dec, 02:54

🗣Putin Highlights Russian Sovereignty and Military Strength

President Putin’s annual press conference focused on Russian sovereignty and military success in Ukraine. He admitted the invasion should have happened sooner and touted Russia's nuclear capabilities. Putin also touched on Russia's economic stability, noting growth despite inflation and Western sanctions.

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20 Dec, 00:43

🗣Dangote Refinery Lowers Petrol Price to ₦899.50 per Litre

Dangote Petroleum Refinery has reduced its ex-depot petrol price to ₦899.50 per litre, aiming to provide relief during the holiday season. This marks a drop from ₦970 per litre set in November.

Anthony Chiejina, Dangote Group’s Communications Officer, announced the reduction and highlighted a special offer: customers paying in cash can buy an additional litre on credit, supported by bank guarantees from Access Bank, First Bank, or Zenith Bank.

The refinery, Africa’s largest, is committed to supplying high-quality, environmentally friendly petrol and reducing reliance on substandard imports. The price cut is expected to ease transport costs and benefit consumers during the festive period.

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19 Dec, 22:42

🗣Tinubu Proposes N49.7 Trillion 2025 Budget

President Tinubu presented a N49.7 trillion budget for 2025 with a N13 trillion deficit. Key allocations include:

🟠Defence: N4.91 trillion
🟠Infrastructure: N4.06 trillion
🟠Education: N3.5 trillion
🟠Health: N2.48 trillion
🟠Projections: Inflation to drop to 15%, exchange rate at N1,500/$, and oil production at 2.06 million barrels/day.

PDP Criticizes Budget
The PDP called the budget anti-people, citing a lack of support for key sectors and fears it will worsen poverty and inflation. They urged the National Assembly to revise it for greater public benefit.

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19 Dec, 20:41

🗣British Troop Deployment to Ukraine Under Review

Defence Secretary John Healey visited Kyiv to discuss bolstering Ukraine’s defence. While avoiding specifics, defence sources suggest the UK may send troops directly to Ukraine for training.

This would mark a significant shift, as UK training has so far been conducted domestically. The UK has also committed an additional £225 million in military aid to support Ukraine’s fight against Russia.

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19 Dec, 18:32

🗣 Nigeria’s $42 Billion Reserves Can Fund Nine Months of Imports – CBN

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the country’s external reserves, now at $42.01 billion, are sufficient to finance imports for over nine months. Speaking before the Senate Committee on Banking, Cardoso highlighted the reserves' rise from $38.35 billion on September 30, 2024, attributing the increase to oil-related tax receipts and third-party revenues.

Cardoso noted that Nigeria's reserves exceed the international benchmark of three months of import cover, providing a strong buffer against economic shocks. He expressed optimism for 2025, citing the stabilization of the forex market, banking sector recapitalization, and growth in the services sector as key indicators of economic recovery and stability.

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19 Dec, 16:29

🗣Dangote Refinery Clarifies 20% Stake Sale with NNPCL

The Dangote Petroleum Refinery clarified that the original agreement with NNPCL was for a 20% stake worth $2.76 billion, with $1 billion paid upfront and the balance to be recovered over five years through crude oil deductions and dividends.

Anthony Chiejina, Dangote Group’s Chief Branding Officer, dismissed claims that the $1 billion loan was due to liquidity issues, highlighting the generous, credit-based payment terms.

Due to NNPCL's failure to supply the agreed 300,000 barrels per day, their stake was reduced to 7.24% after missing a June 30, 2024 deadline. Chiejina emphasized that NNPCL remains a valued partner and called for accurate reporting of the situation.

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19 Dec, 14:25

🗣 Naira Falls to N1,670/$ in Parallel Market Amid Continued Depreciation

The Naira depreciated to N1,670 per dollar in the parallel market, down from N1,665 on Tuesday. In the official foreign exchange market, the Naira also weakened to N1,545 per dollar, reflecting a N5 drop compared to the previous day’s rate of N1,540.

Data from the Central Bank of Nigeria (CBN) and FMDQ confirmed the continued decline, with the official rate reaching N1,544.2 per dollar. This depreciation widened the gap between the parallel and official markets to N125 per dollar from N120.95.

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18 Dec, 22:25

🗣Nigerian Man Granted Pardon After 10 Years on Death Row for Stealing Hens

Segun Olowookere, who spent 10 years on death row for stealing hens and eggs, has been promised a pardon by the governor of Osun State. Arrested at 17 years old in 2010, Olowookere and his accomplice were sentenced to death by hanging in 2014. The harsh sentence sparked outrage across Nigeria.

Governor Ademola Adeleke announced the pardon, emphasizing the need to protect the sanctity of life. Olowookere is expected to be released in early 2025 after spending years in the Kirikiri maximum-security prison. The fate of his accomplice remains unclear.

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18 Dec, 20:51

🗣Mary Jane Veloso Returns Home After 15 Years on Death Row

Filipina Mary Jane Veloso, who spent almost 15 years on death row in Indonesia, is finally back in the Philippines. Convicted in 2010 for drug trafficking, she maintained her innocence, claiming she was tricked into carrying heroin. Her return follows a deal between the two governments.

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18 Dec, 15:12

🗣Assassination of Russian General Shakes Moscow’s Illusion of Normalcy

The targeted killing of Lt Gen Igor Kirillov in Moscow pierced the city’s facade of normal life. The explosion on an electric scooter reminded residents that Russia’s war on Ukraine is no longer distant. Many Muscovites are now feeling the direct consequences of the conflict.

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18 Dec, 02:53

🗣 Iceberg A23a Sets Sail After 40 Years

The world’s largest iceberg, A23a, which calved in 1986, is now moving northward after being trapped in Antarctic currents for decades. The British Antarctic Survey reports that it could impact marine ecosystems as it travels toward warmer waters.

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18 Dec, 00:47

🗣 Europe Targets Russia’s Shadow Fleet Over Oil Exports

European nations are cracking down on Russia’s fleet of disguised tankers that bypass sanctions. Countries like Poland, Denmark, and Sweden will inspect the insurance documents of suspicious vessels in key shipping routes, aiming to cut Moscow's war funding.

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17 Dec, 22:15

🗣Prehistoric Predator Fossils Found on Mallorca

Researchers have identified the earliest known Gorgonopsid on Mallorca. This ancient creature, living 270 million years ago, had vertical legs and saber-like teeth, suggesting it was a swift predator that hunted reptilian prey.

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17 Dec, 20:09

🗣US: North Koreans join combat in Russia, suffer casualties

North Korean troops with no prior combat experience have been killed or wounded fighting alongside Russian forces in Kursk, according to US and Ukrainian intelligence. This raises concerns about North Korea's deeper involvement in the conflict.

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17 Dec, 18:34

🗣Progress in Gaza ceasefire negotiations

A senior Palestinian official told the BBC that Gaza ceasefire talks are entering their final phase. Mediated by the US, Qatar, and Egypt, the proposed plan includes hostage releases, troop withdrawals, and displaced civilians returning to northern Gaza.

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17 Dec, 16:29

🗣Ukraine Claims Responsibility for Killing Russian Military Leader

Igor Kirillov, notorious for his role in Russia's chemical weapons program, died in an explosion in Moscow. Ukraine's SBU says Kirillov oversaw over 4,800 chemical attacks on Ukrainian territory and was a "legitimate target."

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17 Dec, 14:27

🗣Amazon, Meta, and OpenAI Donate $1M Each to Trump’s Fund

Major tech companies Amazon, Meta, and OpenAI have donated $1 million each to Donald Trump’s inauguration fund.
OpenAI’s Sam Altman justified the donation, stating Trump will “guide the country into the AI future.”

Despite prior disputes with Trump, Zuckerberg and Bezos are seeking to mend relations with the incoming administration.
Zuckerberg dined with Trump at Mar-a-Lago, while Bezos recently noted his optimism about Trump’s leadership and pledged support for deregulation efforts.

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17 Dec, 12:19

🗣South Korea's Constitutional Court Starts Yoon's Impeachment Trial

South Korea's Constitutional Court has officially started the impeachment trial of President Yoon Suk Yeol, who was suspended for declaring martial law. The court has up to six months to decide whether to remove or reinstate him.

Yoon's People Power Party (PPP) is in disarray, with party leader Han Dong-hoon resigning after the impeachment vote. Public hearings are set to begin on December 27, and protesters have vowed to continue demonstrations until a decision is reached. If upheld, new presidential elections must be held within 60 days.

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