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Nigerian kidnappers kill 3 abducted students in escalating violence

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Three abducted Nigerian students have been shot dead by their kidnappers, a local official said on Friday, three days after they were snatched by gunmen from their university in the northwest of the country.

The student killings were an escalation in the mass kidnappings that are plaguing northwest and central Nigeria, where criminal gangs who ransack villages have become an increasing security threat.

Gunmen attacked the private Greenfield University in Kaduna state on Tuesday, killing one staff member and taking an unknown number of students, in what was the fifth known attack on a school or college since December.

“The armed bandits who kidnapped students of Greenfield University, have shot dead three of the abducted students,” said Samuel Aruwan, Kaduna state’s internal security and home affairs commissioner, adding that “an unspecified number of students” had been taken.

The remains of the students were found in a village close to the university, he said in a statement.

Two university staff told AFP that 20 students along with three non-academic staff were kidnapped but state officials could not confirm those numbers.

Bandits have ramped up kidnapping attacks in recent months hoping to squeeze ransom payments.

But local authorities have said it would not pay any ransom to criminals.

“We will not give them any money and they will not make any profit from Kaduna,” governor Nasir Ahmad El-Rufai told local media earlier this month.

Rampage –


The announcement of the student deaths came hours after President Muhammadu Buhari had condemned the killing of “tens” of villagers early this week in neighbouring northwestern Zamfara state and ordered security forces to hunt down the perpetrators.

Local residents said as many as 60 people could have been killed in Wednesday’s rampage in about a dozen villages in the state but only nine bodies had been recovered.

Police and government officials could not immediately confirm the death toll.

In a statement late Thursday, Buhari said “such wanton disregard for life will be brought to an end sooner than later.”

He ordered security forces to rid the region of “frequent and horrifying bandit activities.”

“The violence against poor villagers who are struggling with poverty and other severe economic challenges is not going to be tolerated by this administration,” he said.

Gunmen on motorbikes –

Local residents said motorcycle-riding gunmen stormed 13 villages in Magami district of Zamfara state on Wednesday, shooting residents, looting and burning homes.

“These are neighbouring villages and the bandits rode in motorcycles, shooting anyone at sight,” resident Halliru Bala told AFP.

“Most of those killed were volunteers who mobilised to help fend off the attacks,” he said.

“We buried nine people yesterday (Wednesday) here in Magami but we are still looking for 51 others,” he said.

Another resident, Babangida Ilu said villagers had fled the communities.

“We are still afraid to go into our villages to pick the dead because the bandits are still around nearby bushes and would attack whoever goes back,” he said.

“Only nine out of the 60 people we lost in the attacks were recovered and buried. The rest are still scattered in the villages.”

Ilu said the gunmen looted food supplies and burnt homes during the attacks.

“The bandits went from village to village on a killing spree which made people to flee,” said Altine Musa, another resident.

NNPC, SEEPCO Seal Pact To Unlock 1.2TCF Gas

The Nigerian National Petroleum Corporation (NNPC) and Sterling Oil Exploration and Production Company (SEEPCO) have signed a pact to unlock 1.2 trillion cubic feet of gas from Oil Mining Lease (OML) 143.

According to the Group Managing Director of the NNPC, Mallam Mele Kyari,the Gas Development Agreement (GDA), is in sync with the Federal Government’s National Gas Expansion Programme (NGEP).

He disclosed yesterday that the resource from the project would be processed at the Ashtavinayak Hydrocarbon Limited’s (AHL) 125 million standard cubic feet (mmscf) of gas per day gas plant located in Kwale, Delta State.

The NNPC boss said the development of OML 143 would bring value for the Federal Government, NNPC and SEEPCO Group that would in turn boost the nation’s economy.

On his part, the Group Managing Director of SEEPCO, Tony Chukwueke, said the pact was a milestone for the country, because it was the “first agreement in Nigeria that fully separates gas development from oil production”, noting that the arrangement would promote holistic development of the gas potential in the block.

He explained that the GDA was a significant step, as it was the first of its kind to expressly include terms that “encourage the contractor to be effective in its cost management, thereby passing on significant revenue to the Federal Government, NNPC and other stakeholders.”

Brexit Fishing Tensions Flare After French Blockade

The French government called Friday for a quick implementation of a post-Brexit accord on mutual access to fishing waters, after French fisherman blocked trucks trying to bring in catches from Britain overnight.

“We’re acting within the spirit of European solidarity and cooperation with the UK, but the urgency demands an acceleration of our collective efforts,” Europe Minister Clement Beaune and Maritime Minister Annick Girardin said in a statement.

More than a hundred fisherman launched the blockade late Thursday at Boulogne-sur-Mer, France’s busiest fishing hub, to protest a “sham” deal on access in place since Britain left the European Union on January 1.

Despite a provisional trade accord, they say UK authorities have granted licences to only 22 of the 120 French boats seeking permission to fish between six and 12 nautical miles from the British coast.

“A full granting of access licenses for British waters, and a quick resolution of crucial questions including the use of forward bases, must be resolved as soon as possible,” the French ministers said.

Along with access to UK waters, the accord calls for French boats to be able to unload their catches at British ports so they can then be brought quickly to France by truck.

The European Parliament is to vote Tuesday on ratifying the EU-UK trade and cooperation agreement (TCA) that defines post-Brexit relations with Britain.

“It’s not enough to have a nice letter — we need action,” said Olivier Lepretre, head of the regional fishing committee, in response to the French ministers’ statement.

“For now it’s impossible to unload fish at English ports,” he said, saying French boats are instead having to unload catches from British waters in Denmark.

British authorities contested the industry’s claims, saying 87 French boats had received licenses for fishing within six to 12 nautical miles from its coast.

– Concerns raised

“The UK maintains a consistent, evidence-based approach to licensing EU vessels using information supplied by the European Commission,” a spokesman for the Department for Environment, Food and Rural Affairs (Defra) said in a statement.

“We do not recognise the figures that have been shared by the French fishing industry and consider this reaction to be unjustified,” the spokesman added.

“Our concerns regarding the protest action have been raised directly with the French authorities.”

Lepretre acknowledged that “very, very few” drivers tried to get past the blockade, just outside a checkpoint where trucks arriving from Britain at nearby Dunkirk or Calais must now undergo hygiene checks.

Most had advance warning and chose to unload their fish deliveries elsewhere, while several British-flagged Dutch ships also avoided the Boulogne fish market and instead headed to Belgium.

The protest was to end Thursday morning with a sale of fish at cut-rate prices, also aimed at denouncing EU policies on quota allotments.

Bitcoin Sinks Below $50,000 As Cryptos Stumble Over Biden Tax Plans

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets.

The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. read more

Bitcoin, the biggest and most popular cryptocurrency , slumped 5% to $48,8867, falling below the $50,000 mark for the first time since early March, while smaller rivals Ether and XRP fell around 7%.

The tax plans jolted markets, prompting investors to book profits in stocks and other risk assets, which have rallied massively on hopes of a solid economic recovery. Levies on investment gains were reported to be in line for record increases.

Bitcoin headed South today after President Biden signalled that he wanted to raise capital gains tax in the US.

Bitcoin is on track for a 15% loss on the week, though it is still up 65% since the start of the year read more . Ether dropped more than 10% on the day to as low as $2,107, a day after climbing to a record $2,645.97.

Zimbabwe Gold Output Down 30% In First Quarter

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Zimbabwe’s gold production fell 30% to 3.98 tonnes in the first quarter of this year, while export earnings from the yellow metal also declined, central bank data showed on Friday.

The Reserve Bank of Zimbabwe (RBZ) did not give a reason for the decline, but small-scale miners who produce half of the mineral say shafts were flooded by above normal rainfall during the period.

RBZ said the southern African nation, which faces perennial shortages of foreign currency, earned $200 million from gold exports in the January-March quarter, down from $226 million during the same period last year.

Total gold output tumbled nearly a third to 19 tonnes last year after small-scale producers diverted the metal to illegal private dealers who pay more than the central bank gold refining unit, which is the country’s sole buyer of bullion.

Israel Sends Jordan Extra Water Thanks To ‘US Pressure’

Jordan, reliant on Israel for water, has obtained additional supplies from the Jewish state ahead of an expected severe drought, a development Israeli media reported was spurred by US pressure.

“We have… obtained from Israel an additional quantity of eight million cubic metres” of water, after several weeks of waiting, Omar Salameh, a spokesman for the Jordanian government’s water and irrigation ministry, told Newsmen.

Salameh said that sufficient water supply from Israel was Jordan’s “right, in accordance with the peace agreement” between the two countries reached in 1994.

Israeli media has reported that Prime Minister Benjamin Netanyahu had sought to postpone delivery of additional water in retaliation for Jordan last month stalling permission for him to overfly the country en route to the United Arab Emirates.

It reported that Jordan’s request was therefore only satisfied after the US, an ally of both countries, exerted pressure on the Jewish state.

The bilateral peace agreement guarantees Jordan “55 million cubic metres of water annually” free of charge, he said. “As a general rule, in difficult years we request supplementary water, which they (Israel) agree to.”

Jordan has to pay a fee of $0.40 per cubic metre of additional water, according to Israeli media.

“The rainy season this year has been very poor,” Salameh said. “As a result… the kingdom faces a shortfall of between 10 and 15 million cubic metres.”

An Israeli official confirmed Jordan had been granted the supplementary water it asked for, but said that Israel provides 65 million cubic metres normally, and that the surplus provided this year is three million cubic metres.

Jordan’s water and irrigation ministry classifies the country as the third most “water poor” in the world.

US-British Firm To Build 3.5bn Euro Data Centre In Portugal

A British-US company announced Friday that it would invest up to 3.5 billion euros to build a massive data centre in Portugal by 2025 in response to demand for trans-Atlantic connections.

The company — “start campus” — has chosen a site in the port of Sines, southwestern Portugal, near a decommissioned coal power plant, and will “have a net zero carbon footprint”, a statement said.

Start campus is a joint venture of US investment firm Davidson Kempner Capital Management and Pioneer Point Partners of Britain.

“Sines 4.0”, as the project has been dubbed, “will be one of the largest data centre campus projects in Europe and will address the exploding demand of large international technology companies,” the statement said.

The firms’ previous projects include a similar but smaller data centre in Ireland and a biomethane energy plant in Denmark.

Sines 4.0 is to use existing infrastructure such as power lines and cooling systems that use readily available sea water.

The location also provides access to trans-Atlantic fibre-optic cables and would “contribute to Portugal’s revival as a key player in the international data and connectivity scene,” the statement said.

The campus is to consist of five buildings that house data servers with total power consumption of 450 megawatts, to be provided by renewable sources, the company said.

The project is expected to create up to 1,200 highly-qualified jobs.

“Data has been identified as the new ‘oil’ of the digital economy, and Portugal will benefit from this large investment in Sines that will place the country at the core of transatlantic and global data network,” said Sam Abboud of Pioneer Point Partners.

Ethiopia Signs $907m Financing Pact With World Bank

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Ethiopia’s finance ministry signed a $907 million financing agreement with the World Bank on Friday geared towards improving access to financing, the fight against COVID-19 and electricity investment, it said.

Some $700 million was a loan and $207 million a grant, the ministry said in a statement.

The ministry said that $200 million will go towards small and medium businesses affected by the pandemic with the aim of easing their financing challenges.

Another $207 million will be for the deployment of COVID-19 vaccines and the remaining $500 million will be invested in efforts to increase access to electricity in the Horn of Africa nation.

Like other countries around the world, Ethiopia’s economy has been hit hard by the pandemic.

In February, the International Monetary Fund said that Ethiopia’s economic growth is projected to be 2% in 2020/21, largely due to the effects of the coronavirus, but it is expected to rebound to 8.7% in 2021/22 in line with a global recovery.

New Death Probed Following Hospitalization After J&J Vaccine Shots – Officials

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The U.S. Centers for Disease Control and Prevention (CDC) is investigating the death of an Oregon woman and the hospitalization of another in Texas after receiving Johnson & Johnson’s (JNJ.N) COVID-19 vaccine, state health officials said.

The incidents come as advisers to the CDC are set to meet on Friday to consider whether it is safe to resume injections of the single-dose vaccine, while senior health officials prepare for a green light. 

CDC Director Rochelle Walensky had said on Monday the agency was reviewing reports of a handful of potential cases of severe side effects among people who received the shot, in addition to those that led to a pause in its use. 

The CDC notified Oregon about the incident on Tuesday and Texas on Wednesday, the two states’ health officials said.

The Oregon woman, who is in her 50s, received the vaccine before the pause order on its use was issued, the state’s health authority said in a statement.

She developed “a rare but serious blood clot within two weeks following vaccination,” seen in combination with very low platelets, the Oregon Health Authority added.

It warned that blame could not be assigned until its investigation was complete.

Separately, a woman in Texas who received J&J’s vaccine has been hospitalized for symptoms similar to those of six people who recently suffered blood clots after taking the shot in the United States, a Texas health agency spokesman said.

Last week, U.S. health agencies recommended a pause in the use of the vaccine after six rare cases of blood clots. 

On Tuesday, the European Medicines Agency (EMA) said it found a possible link between J&J’s vaccine and rare blood clotting issues in adults who got doses in the United States, but added that the benefits of the shot outweighed the risks.

Russia Begins Pulling Out Troops From Crimea After Drills

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Russia’s defence ministry said on Friday it had begun returning troops and military units from annexed Crimea to their permanent bases following a huge build-up near Ukraine’s border that had raised concerns in Kyiv and the West about the risk of war.

Russia announced on Thursday it had completed a “snap inspection” of military drills in its south and west after weeks of tensions with the West over its concentration of tens of thousands of troops near Ukraine. 

Ukraine gave a guarded welcome to the troop drawdown. 

“If Russia really pulls back from the border with Ukraine the enormous military force it has deployed there, this will already ease tensions,” Foreign Minister Dmytro Kuleba said in a statement.

“But we need to remember that this step would put an end neither to the current escalation, nor to the conflict between Ukraine and Russia in general.”

Washington has said it is waiting to see what actions follow Moscow’s announcement.