Home Blog Page 585

Should America Let Israel Wipe Out Hamas Once and for All?

0

“We stand with Israel,” President Joe Biden said Tuesday. “And we will make sure that Israel has what it needs to take care of its citizens, defend itself, and respond to this attack.”

Statement made by the American president showed the usual vocal support for Israel just like his processors only to be put under pressure to cease hostilities and agree to a cease-fire.

Analyst’s say that America’s support for Israel should go beyond rhetoric and there is a need to walk the talk. Which means true support would have seen Biden and Congress agree to support Israel with time, resources and diplomatic cover to vanquish the demon of Hamas once and for all.

This would entail the U.S vetoing any UN security council overtures for a cease-fire or negotiation except on Israels terms. While encouraging Israel to keep its conditions for a truce an unconditional surrender of Hamas.

Some analysts say it is time to get israel out of the suicidal habit of living in potential threat of annihilation from an unrelenting and unrepentant neighbor, Hamas.

This position on Hamas is informed by history recalling the way world war II began and how it ended. The U.S should remember that it to a concerted effort with Israel agreeing to keep fighting the Axis powers until they had laid down their arms in an unconditional surrender.

That, many say is the fate Hamas and its Palestinian supporters should be confronted with with the civilised world lending its support as Israel presses on.

Sadly Hamas dis not target Israelis alone. Citizens of many countries some holiday makers were killed brutally, turtured and taken hostage. This should be a wakeup call for those who have been playing to the gallery over the threat posed by Hamas refusing to identify it as a terrorist organisation by the military arm of Palestine.

The book may be thrown at Israel with many quoting international law where proportionality turns entirely on one military objective. Looking at what protocol I of the Geneva Conventions, which says combatants must generally avoid civilian casualties that are excessive in relation to the “concrete and direct military advantage” to be gained. It means that if the military objective is legitimate, so is any force that is “necessary and proportional to achieve the objective.

There is no doubt that Israel has a humanitarian obligation to avoid civilian casualties even as it has ordered over one million Palestinians to evacuate Gaza. However it is Hams that has a history of fighting with disregard to Palestinian lives by even using them as human shields.

From inside schools and next to hospitals, Hamas has spent years launching indiscriminate missile attacks against Israel. Need we say these are war crimes? yet the UN call continued to play the ostrich by asking Israel to call off the evacuation.

It is obvious that Palestinian lives (Women and children) to Hamas are seen only as propaganda tools and are most valuable when they are dead in their bid to drum up sentiments and turn the world against Israel.

The despicable strategy has worked till now, the world should not tolerate it any longer and see Hamas for what it truly is.

A totally defeated Hamas might pose challenges that Israel will have to confront which include the re-occupation of Gaza. Unavoidable some analyst say but Israel will cross that bridge when it gets there.

For now, the U.S and the international community must give their unequivocal support to ensure that the threat posed by Hamas to the region is finally dealt with.

Banks Record 117% Increase in Customers’ Complaints

0

The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as of the same period in 2022.

Financial claims arising from the various complaints in the review period stood at N326.11bn, up by 289 per cent compared with N83.78bn paid in claims in June 2022.

The reviewed Lenders’ reports obtained from the Nigerian Exchange Limited include United Bank for Africa, Fidelity Bank, Access Holdings, Zenith Bank Plc and Guaranty Trust Holding Company.

Customers’ complaints to UBA rose to 1,930,518 as of June 2023, from 475,121 in the same period in 2022. This marked a 306.32 per cent increase and the highest among the reviewed banks.

The amount involved in the complaints was N125.26bn from N4.39bn as of June 2022.

Access Holdings followed as it witnessed a 132.25 per cent jump in complaints between June 2022 and June 2023. Received complaints rose to 3,222,907 from 1,387,702 with the amount being disputed rising to N136.75bn from N57.87bn.

FG Orders DisCos on Handling Consumers’ Complaints

Fidelity Bank also saw its received complaints rising by 77.69 per cent to 1,010,586 from 568,738 with the amount being claimed standing at N55.20bn, a 268 per cent increment.

For Zenith Bank Plc, received complaints rose by 12.55 per cent to 247,685 from 220,067 as of June 2022. The amount involved in the complaints was N8.38bn, which is about 66 per cent appreciation on the H1 2022 figure of N5.04bn.

Of the reviewed financial institutions, only GTCO saw a decline in its received complaints, which went from 505,076 in H1 2022 to 453,575 in H1 2023, signaling about 10 per cent improvement. The disputed amount also dropped to N517.67m from N1.51bn.

During the period under review, the banking sector had to deal with the fall out of the Naira Redesign policy of the Central Bank of Nigeria which led to an increase in the volume of electronic transactions on the back of a cash crunch.

The Nigeria Inter-bank Settlement System in its e-payment data report released in April revealed that the value of electronic payment transactions rose year-on-year by 298 per cent to N135.52tn in the first quarter of the year from N34.04tn in Q1’22.

Meanwhile, the Managing Director of Financial Institutions Training Centre, Chizor Malize, has fingered the ‘Japa’ trend in the country as one of the reasons for poor services from banks.

Speaking during the launch of a collaboration with online varsity, Nexford University in Lagos to fill skill gaps in the sector, Malize said, “The finance sector is the worst hit when we talk about talent migration. Everyone in this room must have started to face some kind of significant reduction in the quality of services from their financial services providers and a lot of times, you hear that a lot of the people have left or migrated.”

The president of Bank Customers Association of Nigeria, Uju Ogubunka, also hammered on the knowledge gap in the financial sector which he said has led to the surge in customers’ complaints.

Speaking with our correspondent, Ogubunka said, “One of the reasons is the inexperience of the people who deal with customers at the banks in terms of skills and knowledge. In order words, the banks are hiring people without the knowledge of banking and experience.

“Unfortunately, they are not providing enough training.  If the staff don’t know what to do, the only thing that will result is putting customers in situations where they have to complain.”

“As far as we know, the critical aspect of the complaints is skill gap. Banking is not like other businesses, so before you go in to serve customers, you should be properly trained.”

Girl In Viral iPhone 8 Video Posts Her Apology Video

0

“Iphone 8 girl”, as the internet is currently referring to the girl who recorded her parent’s response to her request for a new phone, has released a new video, apologizing for the previous one.

She tagged the video, “the video quality is not that good but please listen to what I said”

Read Also : Apple In Two Days Loses $200 bn Market Value

She explained that she did not intend for the video to go viral and that it was just a prank that she played on her father.

She also clarified that her main priority is not the phone but her education.

Just like her previous video, the second one sparked a lot of conversation.

CBN Lifts Ban on 43 Items After 8 Years

0

The Central Bank of Nigeria, CBN has finally lifted the foreign exchange restrictions it placed on importers of 43 items eight years ago.

In a statement signed by CBN’s Director of Corporate Communications, Dr. Isa AbdulMumin, the bank said this is a significant change to the foreign exchange market policy.

According to the central bank, this action will boost liquidity in the Nigerian Foreign Exchange Market and intervene from time to time, stating that interventions will decrease as liquidity improves.

World Bank Warns CBN Against FX Control, Others

In a circular in June 2015, the CBN published a list of imported goods and services that will not be eligible for foreign exchange in the Nigerian foreign currency market. The list which was originally 41 was updated to include two more items.

Below is the list of the items:

Rice

Cement

Margarine

Palm kernel

Palm oil products

Vegetable oils

Meat and processed meat products

Vegetables and processed vegetable products

Poultry and processed poultry products

Tinned fish in sauce (Geisha)/sardine

Cold rolled steel sheets

Galvanized steel sheets

Roofing sheets

Wheelbarrows

Head pans

Metal boxes and containers

Enamelware

Steel drums

Steel pipes

Wire rods (deformed and not deformed)

Iron rods

Reinforcing bars

Wire mesh

Steel nails

Security and razor fencing and poles

Wood particle boards and panels

Wood fiberboards and panels

Plywood boards and panels

Wooden doors

Toothpicks

Glass and glassware

Kitchen utensils

Tableware

Tiles-vitrified and ceramic

Gas cylinders

Woven fabrics

Clothes

Plastic and rubber products

Polypropylene granules

Cellophane wrappers and bags

Soap and cosmetics

Tomatoes/tomato pastes

Eurobond/foreign currency bond/ share purchases

VP Shettima Promises 4 Months Steady Power Supply

0

The Nigerian Government has assured investors in the country of adequate power supply, especially in industrial clusters.

Vice President, Kashim Shettima, gave the assurance during a business roundtable held in Agbara, Ado-Odo-Ota Local Government Area of Ogun State, South West Nigeria. He said the nation holds tremendous opportunities for not only investors but also the people.

The event was to launch an initiative to ensure dedicated power supply to industrial clusters across the nation, starting with Agbara Industrial Estate.

Shettima said that it is embarrassing that the Agbara Cluster relies on other sources of power supply aside from the national grid, adding that the Nigerian Government through the Niger Delta Power Holding Company (NDPHC) is committed to ensuring that clusters like Agbara benefit from a cheaper means of generating power in their various factories.

The Vice President, who is the Chairman of the Board of Directors, of NDPHC promised that the Agbara Industrial Estate will have a steady power supply in the next four months.

He said: “I am here to reassure the business community that we mean business. I want to give you my word and my word is my bond, if you need 200 Megawatts, 300 Megawatts, we can give it to you.

 “Be rest assured we are going to supply your power needs with no strings attached. We are giving power to Togo, I think we are giving 100 Megawatts to Togo, and some of these nations are not even paying us. Why can’t we give to businesses that will pay us? It is just simple arithmetic; it is a matter of economics.”

 The Vice President charged the staff of NDPHC to double their effort by ensuring the delivery of the Agbara Industrial Cluster power program in three to four months.

Shettima spoke of the commitment of President Tinubu to make power available to the entire nation.

Pres. Tinubu Vows Steady Power Supply

“It is all about advocacy, it is about people believing in you and I have the confidence of my boss, such that I can talk authoritatively. He is very passionate about the Nigerian project. He is very committed to repositioning this nation,” he said.

The Ogun State Governor, Dapo Abiodun said that without electricity, all infrastructure provided for the use of the people of the state and the nation as a whole would be in vain.

Governor Abiodun said that his administration has established additional industrial clusters, saying that without stable and reliable power, all the initiatives would be in vain.

“We believe that such initiatives like this speak to ensuring the sustainability of competitive industrialisation and one must not but salute this initiative.

 “We as a state have gone ahead besides this Agbara Cluster, we have five other clusters. We have one by the Interchange called Remo Cluster, we are creating a new one called the Magboro Cluster. We are creating our own Aerotropolis which is our special agro-processing zone, which will be the first of its kind in Nigeria. We also have the Ijebu-Ode cluster because we believe that it is through these clusters that we can jump-start socio-economic activity.

 “These clusters, what do they seem to do, we provide the parcel of land, provide the needed infrastructure and this attracts industrial activities.

 “But, without a doubt, without stable, reliable and clean power, all these initiatives will be in vain. So, to that extent, we are extremely excited,” he said.

Lagos State Governor, Babajide Sanwoolu represented by his Deputy, Obafemi Hamzat said ensuring adequate power supply in the nation is complex because of the attitudes of Nigerians.

Hamzat regretted that out of about 13,000 Megawatts available, Nigeria could only transmit 4,000 Megawatts.

“The issue of our power is complex and why it is complex is because of bad behaviour among all of us, the stakeholders, the distribution companies and the generating companies.

 “For me, the biggest challenge that we see in Nigeria now is public commentary. We have a lot of people that go out there to just say things, demeaning our institutions and that is the biggest challenge.

 “When the international community does surveys, they listen to your news and then you keep killing your nation. The truth of the matter is that Lagos and Ogun states are safer than New York. The possibility of being shot in New York is higher than being in Lagos.

Minister of Power, Bayo Adelabu on his part said the event marked a pivotal moment in the collective endeavour to fortify one of the backbones of the industrial landscape of  Nigeria.

He noted that the project stands as the first of many projects in the federal government’s light-up initiative to deliver reliable electricity to industrial and heavy user clusters across the nation.

Adelabu stressed that Agbara is a cluster where dreams are forged, industries thrive and where opportunities are limitless, adding that the ambitious endeavour when completed will bolster the power supply within the industrial estate by ensuring a reliable and uninterrupted flow of electricity to meet the demands of the industries.

Earlier in his welcome address, the MD/CEO, of NDPHC, Chiedu Ugbo disclosed that the event signifies the commitment of the present administration through NDPHC to ensure consistent and reliable power supply to industrial concerns.

He noted that the company is the only government-owned company responsible for implementing the integrated power project of the government which aims to enhance electricity generation.

Ugbo said that the primary objective of the initiative was to ensure a consistent, reliable and cost-effective supply of electricity from power plants across Nigeria to the extensive industrial and business clusters in Agbara and across the nation.

He noted that NDPHC has successfully constructed about 8 power plants with a combined capacity of approximately 4,000 Megawatts.

Technology Development Agency Seeks Safer Cyberspace

0

The National Information Technology Development Agency has campaigned for a safer cyberspace as it plans for this year’s cybersecurity awareness month.

It said this in a statement on Monday by NITDA’s Head, Corporate Affairs and External Relations, Hadiza Umar.

The agency noted that it had trained 3,242 on basic and intermediate cyber security skills in partnership with CISCO.

It stated, “The Cybersecurity Awareness Month held every October, is a month set aside globally to educate and create cybersecurity awareness. This year marks the 20th in the series of collaborative awareness campaigns between public and private sector organisations globally.

NITDA Charges Startups To Solve Local Problems With Technologies

“To mark the 2023 National Cybersecurity Awareness Month, NITDA has lined up series of programmes specifically focused on sensitising the general public on cybersecurity threats and steps necessary to protect ourselves in the ever-growing digital space.

“The theme for this year’s celebration is, ‘See Yourself in Cyber’, which highlights that cybersecurity is everyone’s responsibility. The main purpose of this awareness campaign is to encourage the adoption of safe cyber hygiene. To achieve this effectively, citizens need to accept, understand and be willing to apply these security measures to stay secure.”

It also noted that NITDA was partnering with key stakeholders to ensure grassroot awareness campaigns and sensitise the general public on these cyberthreats and how to protect themselves.

It was also disclosed that NITDA, alongside O-range Cybersecurity Training Service Limited, conducted cybersecurity training in Ilorin, Kwara State, where more than 5,000 youths from various states participated.

The statement added, “We, therefore, call on private and public sector organisations as well as the general public to join us in ensuring that the Nigerian cyberspace is safe and secure. Together, we can make the Nigerian cyberspace and the world at large safe and secure for all.”

Eye Health: Experts Commemorate World Sight Day 2023

68

World Sight Day is dedicated to raise public awareness of the importance of vision and eye health. It is observed on the second Thursday of every October. This year 2023, World Sight Day is celebrated on the 12th of October (Thursday).

This World Sight Day is aimed at educating individuals about the value of maintaining their eyesight at work and urging business leaders to give the eye health of employees worldwide top priority.

Visual impairments have a significant impact on a person’s quality of life in terms of its physical, emotional, social, and economic aspects. Nearly 220 billion people worldwide are visually handicapped, and 10 billion people have a vision impairment that could have been prevented or is still untreated.

The International Labour Organization (ILO) and International Agency for the Prevention of Blindness (IAPB) estimate that 350 million eye injuries occur at work each year, and that over 1.3 million people worldwide have vision impairment connected to their jobs. 90% of incidents of blindness can be prevented or treated if they are discovered early. As a result, raising public awareness is essential for stopping and slowing the course of eye illnesses. In order to raise awareness about eye health, advocate for better eye care, and support actions to avoid blindness and vision loss, the World Sight Day was established.

The World Sight Day theme for 2023 is “Love your eyes at work,” a worldwide urge to all corporate leaders to prioritize their employees’ eye health and recognize the value of vision at work.

Once Upon A Time – October 12 – 1609 – “Three Blind Mice” Is Published In London

4

539 BC Cyrus’ military takes Babylon

1492 Christopher Columbus’ undertaking makes landfall on a Caribbean island he names San Salvador (probable Watling Island, Bahamas). The adventurer accepts he has arrived at East Asia (operating system 21 Oct)

1864 Brazilian soldiers under the order of Gen. João Propício Mena Barreto attack Uruguay in a preface to the Conflict of the Triple Partnership

USS Holland (Submarine Torpedo Boat #1) in progress in 1900USS Holland (SS-1)

1900 The primary present day submarine is dispatched by the U.S. Naval force as the USS Holland, named for its architect John Philip Holland

https://ln247.news/exploring-the-abandoned-ss-ayrfield-shipwreck-in-australia/

1915 Portage Engine Organization under Henry Passage produces its 1 millionth car at the Waterway Rouge plant in Detroit

1999 The Day of Six Billion: the announced 6 billionth living human on the planet is conceived

========

Today’s Occasions in 2023

Today in Film and television

1960 Japanese legislator Inejiro Asanuma is killed with a sword during a broadcast banter live on television by 17-year old patriot Otoya Yamaguchi

Once Upon A Time – October 16 – 1986 – Reinhold Messner, First Person To Scale All Eight-Thousanders

======

Today in Music

1987 George Harrison discharges single “Got My Brain Set On You”, turns into his third independent #1 hit, and the last diagram clincher by any of the Beatles

======

Today in Games

1968 IXX Summer Olympic Games open at Mexico City, Mexico; first Olympics in Latin America

=======

1609 Kids’ rhyme “Three Blind Mice” is distributed in London in a book altered by and conceivably composed by Thomas Ravenscroft

=======

1216 Lord John of Britain loses his royal gems as flood tide overwhelms his carts, likely close to Fosdyke, maybe close to Sutton Extension

Oil Production Hits Highest Barrels/day in 2023

0

Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil so far since this year.

Latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission, on Wednesday, showed that the country’s output in September was about 14 per cent higher than what it pumped in the preceding month of August 2023.

Data from the commission indicated that in September, Nigeria’s crude oil production (excluding condensates) was precisely 1,346,562 barrels per day, which was a 165,429bpd increase when compared to the 1,181,133bpd produced in August this year.

23 Oil Blocks Fail To Produce Crude – FG

Further analysis of figures obtained from the NUPRC indicated that in January, February and March, the country’s oil outputs were 1,266,659bpd; 1,292,240bpd; and 1,266,737bpd respectively.

In the months of April, May, June and July, Nigeria produced 1,004,392bpd; 1,189,332bpd; 1,260,928bpd; and 1,089,089bpd respectively.

The above crude oil production figures therefore showed that Nigeria’s oil production in September was the highest output so far recorded by the country this year.

The Federal Government has been making concerted efforts to shore-up the country’s oil production, which is far below the about 1.8 million barrels per day quota approved for Nigeria by the Organisation of Petroleum Exporting Countries.

In another development, the NUPRC said it was very optimistic that Exxon Mobil’s asset sale to Seplat Energy could move forward.

NUPRC’s Chief Executive, Gbenga Komolafe, disclosed this to Reuters on Wednesday on the sidelines of Africa Oil Week in Cape Town.

The regulator last year refused to approve the $1.28bn sale, a deal some in the industry say was key to getting much-needed investment into Nigeria’s oil and gas sector.

“We are very optimistic that parties to the transaction will go back, look at the position of the regulator and come back by abiding by the provisions of Nigerian laws and the right thing will be done,” Komolafe stated.

Rising Costs Pose Threat To Manufacturers- MAN

0

The Manufacturers Association of Nigeria has said that the unrelenting increase in production costs is posing a serious threat to the existence of the manufacturing sector.

The president of MAN, Francis Meshioye made this disclosure in a statement on Wednesday, during the association’s pre-Annual General Meeting press conference held in Lagos.

The association’s 51st AGM, set to hold in Lagos is themed, “Setting the Agenda for Competitive Manufacturing Under the AfCFTA: What Nigeria Needs to do.”

Meshioye, while addressing the press conference said the theme was couched with a deep reflection over the growth trajectory of the manufacturing sector in Nigeria and Africa.

Manufacturers say positive GDP growth masks sector’s true health

Meshioye said, “Currently, the cost of manufacturing is daily rising owing to scarce and unavailable manufacturing inputs that continue to shrink profitability and threaten the existence of the critical sector of the economy.

“More worrisome is the fact that the sector that should propel job creation, productivity, and economic growth is enmeshed with a series of challenges that constantly limit its contribution to the Gross Domestic Product.”

Speaking further, Meshioye noted that such challenges as epileptic power supply, insecurity, inadequate infrastructure, shortage of forex and naira depreciation are prevailing issues that are impacting negatively on the sector.

He added that such challenges as epileptic power supply, insecurity, inadequate infrastructure, shortage of forex and naira depreciation are prevailing issues that are impacting negatively on the sector.

“The AfCFTA window should be maximised in such a way that products manufactured in Nigeria would be the preferred in terms of quality and pricing,” he said

According to him, the three-day event, which would feature an exhibition of Made-in-Nigeria products, would have Nigeria’s former Minister of Trade and Industry, Olusegun Aganga as a guest lecturer.

“Our goal is to brainstorm at the AGM, dwelling on the theme for the purpose of suggesting a policy direction for the new Government. Our distinguished Guest Speaker is a friend of the house and one who has a vast understanding of the sector and also the subject of discourse,” Meshioye added.