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Spain, Portugal Reject EU Plan To Limit Natural Gas Use

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The European Union’s plan to reduce the bloc’s natural gas use by 15% to prepare for a potential cutoff by Russia this winter received sharp skepticism on Thursday from the governments of Spain and Portugal, which are usually big supporters of the bloc.

The governments in Madrid and Lisbon said they would not support the initiative announced by European Commission President Ursula von der Leyen on Wednesday. The proposal would start with voluntary reductions, but the EU’s head office also wants the power to make 15% savings mandatory in the event of an EU-wide energy emergency.

Spain and Portugal said making reductions obligatory was a non-starter. They noted that there are scant energy connections linking them to the rest of Europe and that they use very little Russian gas compared to fellow EU members such as Germany and Italy.

Spanish Ecological Transition Minister Teresa Ribera said, “We will defend European values, but we won’t accept a sacrifice regarding an issue that we have not even been allowed to give our opinion on,”

Americans Filing Unemployment Benefits At Highest Level In Eight Months

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The number of Americans applying for last week rose to the highest level in more than eight months in what may be a sign that the labor market is weakening.

Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000, up from the previous week’s 244,000, the Labor Department reported Thursday. That’s the most since Nov. 13, 2021 when 265,000 Americans applied for benefits.

First-time applications generally reflect layoffs.

The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 240,500.

The total number of Americans collecting jobless benefits for the week ending July 9 rose by 51,000 from the previous week, to 1,384,000. That figure has been near 50-year lows for months.

Earlier this month, the Labor Department reported that employers added 372,000 jobs in June, a surprisingly robust gain and similar to the pace of the previous two months. Economists had expected job growth to slow sharply last month given the broader signs of economic weakness.

The unemployment rate remained 3.6% for a fourth straight month, matching a near-50-year low that was reached before the pandemic struck in early 2020.

EU Imposes More Sanctions On Russia Over Ukraine Invasion

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The European Union imposed more sanctions on Russia over the war in Ukraine on after the bloc’s 27 members backed measures that include a ban on gold imports, further restrictions on the country’s biggest bank and tighter export controls on some high-technology goods.

European Commission Ursula von der Leyen said the “reinforced, prolonged EU sanctions against the Kremlin” send “a strong signal to Moscow: we will keep the pressure high for as long as it takes.”

The EU has described the new round of sanctions as minor adjustments and intended to align its actions with commitments from global partners. Any ban on Russian gas imports, which are still a lifeline to many of the EU’s juggernaut industries, is not under consideration.

EU officials worked all week to tighten the bloc’s extensive package of sanctions on Russia and looked at ways to add a ban on gold exports, hoping the measures might start to have a decisive impact on the war in Ukraine.

On Thursday, EU foreign policy chief Josep Borrell was able to say, “We are effectively banning Russia’s most significant export after energy – Russian gold.”

The Group of Seven leading industrial nations committed to a gold ban last month, arguing that Russia has used its gold to back up its currency and circumvent the impact of earlier sanctions nations around the world imposed after the Feb. 24 invasion of Ukraine.

AFDB Injects Over $20m To Support Zimbabwe Food Production

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The African Development Bank (AfDB) has injected a total US$25, 65 million grant drawn from the Transition Support Facility. This is to enhance domestic food production and mitigate against possible food crisis in Zimbabwe.

The funds were drawn from the African Development Fund, a concessional arm of the AfDB Group which granted the country an exemption from debt-related eligibility criteria, given the severity of its circumstances.

Under normal circumstances the Southern Africa nation would not qualify for the grant because it remains in arrears.

The development comes shortly after the AfDB president, Akinwumi Adesina committed to assist Zimbabwe with a strategy to clear off its US$13,5 billion debt owed to external financiers.

A fortnight ago, the World Food Program added Zimbabwe to the list of countries with hunger hotspots following a bad agricultural season due to poor rains received last year.

“This $25.65 million project aims to mitigate the food insecurity situation in Zimbabwe, which results from a poor agriculture season due to rainfall deficits and the impacts of the Russia/Ukraine conflict. The conflict has contributed to a sharp rise in commodity prices, including food and farm inputs, such as fertilizer and seed.

“This project is in line with the Bank’s Zimbabwe strategy to support the private sector and agriculture productivity and sustainability as well as developing related value chains,” said Leila Mokaddem, the Bank’s Director General in southern Africa.

Under the initiative , the African Emergency Food Production Facility will distribute certified seeds and fertilizer to 180,000 beneficiaries, including around 70,000 women, in the eight farming provinces of Zimbabwe, namely Mashonaland Central, Mashonaland West, Mashonaland East, Manicaland, Masvingo, Matabeleland North, Matabeleland South and the Midlands.

It will make use of ICT-based platforms and the existing private sector-based distribution channels.

The farming inputs will be delivered to beneficiary farmers through innovative financing, using a transparent and accountable electronic platform. To improve efficiency and productivity, it will employ extension systems based on the AfDB’s Technologies for African Agricultural Transformation Initiative (TAAT), which has boosted agricultural output in several countries.

The World Food Program has identified Zimbabwe as one of 20 countries globally that need the most urgent support due to rainfall deficits that cut 2022 cereal production below average and caused permanent crop wilting in four provinces.

The project will also support the Zimbabwean government’s implementation of agriculture and trade policy reforms that create an enabling environment to support market-led input distribution and import and export markets.

High Costs: Nigerian Bakers Suspend Bread Production

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Effective Thursday July 21, Bakers, under the aegis of the Premium Bread Makers Association of Nigeria  announced to halt production of their products,.

According to a statement signed by the President of the association, Emmanuel Onuorah, operating a bakery in Nigeria has become almost impossible as the incessant increases in the prices of baking materials and diesel have affected the industry negatively.

The Association President said bakeries were running in losses and the situation was no longer sustainable.

According to Onuorah , bread is a staple food and one of the cheapest ‘grab and go’ food that is available for both the poor and the rich.

“It, therefore, behooves the Federal Government to be mindful of this and ensure the survival and sustainability of the industry,” he said.

The statement read in part, “In a move to ensure the survival of the premium bread-making industry in Nigeria, we have decided to embark on a withdrawal of services beginning from Thursday 21st of July, 2022 for four days in the first instance and where there is no intervention from the government, we shall escalate the duration of the withdrawal.”

“The reasons for the withdrawal of services include an incessant increase in the price of baking materials, Federal Government’s 15 per cent wheat development levy on wheat import, NAFDAC’s N154,000 penalty charged for late renewal of certificates, the inability of its members to access grants and soft loans being given by the Central Bank of Nigeria to Micro, Small and Medium-Scale Enterprises and multi-agencies regulation of the bread-making industry.”

According to the statement, the association’s series of meetings with the Federal Ministry of Industry, Trade and Investment in 2021 did not the desired result hence its decision to embark on the strike.

Last month, the Association of Master Bakers and Caterers of Nigeria via a communique issued, and signed by the association’s executives, led by Mansur Umar, had declared that it would embark on two-week strike action in response to skyrocketing prices of baking materials.

ASUP Slams Abia Govt. Over Withdrawal of Poly Accreditation

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The National President, Academic Staff Union of Polytechnics (ASUP),  Anderson Ezeibe, has said that the withdrawal of Abia State Polytechnic’s accreditation is an indictment of the state government.

Ezeibe said this when he spoke with the News correspondents in Aba while reacting to the withdrawal of the polytechnic’s accreditation.

Recall that the institution’s accreditation was withdrawn by the National Board for Technical Education (NBTE) on Tuesday for alleged non-payment of workers’ salaries for over 30 months.

The ASUP president called on the state government to act quickly to save the future of students studying at the institution.

Ezeibe blamed the state government for failing to act after NBTE allegedly wrote letters to it on the matter.

He said that the NBTE also held meetings with ASUP and the government, after which a Memorandum of Understanding (MoU) was signed between the parties.

“Recall the intervention of our union two years ago, which resulted in a mini-summit to discuss the issues of lack of subvention, which made it difficult for salaries to be paid.

“It is as if we saw this day coming; what is going on now at Abia Polytechnic clearly vindicates the position of our union that acted to stop it.

“At that time, the salaries owed the Abia polytechnic staff was about 18 months, but today they are owed about 34 months.

“This means nothing improved in spite of the MOU signed at the end of the summit on the responsibilities of the state government to the institution.

“The government abandoned that agreement and continued on the path of starving the institution of funds,” he said.

According to Ezeibe, the step taken by NBTE on Abia Polytechnic is its way of saying that the action of the state government is offending their regulatory instruments.

The Secretary to the State Government, Chris Ezem, in a special announcement, said the governor, who described NBTE’s action as embarrassing, appealed to students of the institution and other well-meaning Abians to remain calm.

Copy Of Shakespeare’s First Folio Sells For $2.4m In New York

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A copy of Shakespeare’s First Folio has sold in New York for $2.4m (32m).

Published in 1623, seven years after the Stratford-upon-Avon writer’s death, it features 36 manuscripts.

They include 18 plays that would have otherwise been lost, such as Macbeth and The Tempest.

About 750 copies of the First Folio were originally printed, but only 232 have survived, auctioneers Sothebys said, and only a handful of those are in private collections.

It includes an engraved portrait of the author and poetical tributes by Ben Johnson and others.

The copy auctioned on Thursday in New York is estimated to be one of just 20 remaining in private ownership with the rest currently displayed in museums and libraries across the world.

John Heminges and Henry Condell, Shakespeare’s partners in the acting company the King’s Men, compiled and edited the pieces as a means of preserving half of the Bard’s plays.

Of the 39 plays written by Shakespeare, 18 including Antony and Cleopatra, The Tempest, Twelfth Night, Julius Caesar, The Taming of the Shrew, and All’s Well that Ends Well, are known due to being a part of the folio, Sotheby’s said.

Govt. Implements Mobile Flood Solution in Lagos Community

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The Lagos State Government has started implementation of the innovative mobile flood barrier and management solution called “SLAMDAM”.

Director, Lagos State Drainage and Planning Services, Tayo Fagbeku said in a statement on Tuesday in Lagos that the implementation began at Omojuwa Estate in Kosofe Local Government Area.

SLAMDAM is an easily deployable water-filled flood barrier.

The innovative project is implemented as part of the Adaptation Benefit Mechanism programmed by the African Development Bank Group (AfDB).

Fagbeku said that the state decided to be part of the project because it is not averse to innovative ideas that would be of benefit to the people.

“This innovative project will also contribute to the various solutions we have in managing floods in Lagos.

“We express our delight at this development and the result of this pilot has been excellent and encouraging.

“The project aims to implement innovative solutions to mitigate flood risks and strengthen resilience to climate change-induced flooding at the community level.

”The project is designed to implement a small-scale high-impact highly replicable climate change adaptation demonstration technique with a focus on the water sector in Nigeria,” he said.

Chief Executive Officer, Natural Eco Capital, Dr Eugene Itua said that the pilot started in Kosofe and Iponri communities in the state.

Itua said that SLAMDAM and other associated types of equipment were being given free of charge through the AfDB supported project.

He noted that an interesting aspect of the entire solution was that water was being used to fight water.

Also, The Project Lead Consultant and Chief Executive Officer, Zephyr, Omar Saleh, said that the location was selected through interaction with relevant stakeholders, field visits and hydrodynamic modeline software.

According to Saleh, this is followed by determining the deployment strategy and locations for the flood barrier.

He said that the project also developed and tested the ABM methodology, with an innovative method to support rapid mobilisation of funding to further scale-up climate adaptive measures such as SLAMDAM.

In his contribution, Community leader in Omojuwa Estate, Charles Otabor said that the project team trained some members of the community as the initial  flood response team.

Otabor said that the first responders who had been trained with hands-on demonstration of the technology showed the people that the technology was simple for anyone to use without a degree from the university.

He promised that the people would utilise the equipment appropriately for the benefit of the community and the state.

SLAMDAM is the only manufacturer of a TUV-certified temporary dam in the world and was  awarded the most effective solution against floods in 2018 in a defense competition.

Reps move to make JAMB result valid for 4yrs

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A Bill seeking to make Joint Admission and Matriculation Board (JAMB) results valid for four years has passed second reading in the House of Representatives.

The amendment of the JAMB Act was sponsored by Tolulope Sadipe (APC-Oyo), at the plenary on Thursday.

Leading the debate, Sadipe said many students sit for the JAMB examination, come up with good grades, but for one reason or the other, they ended up not being offered admission, for no fault of theirs.

She said these students and their parents, were made to bear the financial burden to sit for the examination the next year.

According to her, the excuse that JAMB allegedly keeps bringing up, in that regard, was that it was revenue generation for them.

EFCC ‘Mistakenly’ Names Min Of Finance In 109b Fraud Charge Against Suspended AGF Ahmed Idris, Others

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There was mild drama at the Federal Capital Territory High Court sitting in Abuja on Friday when the charge sheets were read before the Accountant-General of the Federation, Ahmed Idris, and the name of the permanent secretary of the Federal Ministry of Finance, Aliyu Ahmed, was listed in Count 11.

The EFCC arraigned Idris, Godfrey Olusegun Akindele, Mohammed Kudu Usman and Gezawa Commodity Market and Exchange Limited before the court.

They were charged on 14 counts of unlawful gratification, stealing and criminal breach of trust to the tune of N109, 485,572,691.9

However, when count 11 was read , the Registrar of the court said that Mohammed Kudus Usman while being a director in the AGF and Aliyu Ahmed, Permanent Secretary in the Federal Ministry of Finance , knowingly acquired a consultancy interest for their personal motive.

But EFCC lawyer, Rotimi Jacob expressed shock and prayed the court to expunge the phrase capturing the Ministry of Finance.