NEWS
Russian Duma ratifies annexation of Ukrainian regions as West rallies
The Russian lower house of parliament ratified the incorporation of four occupied Ukrainian regions on Monday and fast-tracked the relevant legislation as the West rallied further to Kiev’s aid.
More than 400 deputies in the Russian Duma, in a move unrecognised by most of the international community, voted unanimously in favour of Luhansk, Donetsk, Zaporizhzhya, and Kherson becoming part of the Russian Federation as well as enacting various laws.
“The laws fully strengthen the main social and economic guarantees of people living in the territories and create a system of legal protection for citizens,” Pavel Krasheninnikov, head of the Duma legal committee, said according to the Interfax news agency.
Read also>>>INFLATION: More Nigerians Face Depression, Gastric Ulcers, Others – Expert
Russian citizenship is to be granted to all residents of the occupied regions who apply for a passport and take an oath to the country’s constitution, which will prompt pension payments and health care.
The Russian rouble will be introduced as the currency, but until the end of the year residents will still be able to pay with Ukrainian hryvnia.
By June 1, 2023, new administrative bodies will be created.
President Vladimir Putin, whose forces invaded Ukraine in February, signed the treaties of accession on Friday with the Duma having to approve them.
A similar rubber-stamping by the upper house – the Federation Council – is considered a formality.
Foreign Minister Sergei Lavrov was a guest at the Duma and accused the United States of moving against Russia just like Nazi dictator Adolf Hitler once did against the Soviet Union.
“The U.S. has subjugated practically the entire collective West and mobilised it to make Ukraine an instrument of war with Russia – just as Hitler gathered the majority of the countries of Europe for an invasion of the Soviet Union,” Lavrov said.
International condemnation in recent days included several European countries – including Italy, Germany, the Czech Republic, Poland, Lithuania, and Belgium – summoning the Russian ambassador to condemn Moscow’s illegal land grab.
Meanwhile, the European Union on Monday signed a memorandum of understanding on providing Ukraine with another €5 billion ($4.9 billion) in macro-financial aid.
German Foreign Minister Annalena Baerbock also said her country was well aware Putin’s threat of nuclear war could be real but would not allow itself to be blackmailed by Moscow.
“We take his words very seriously; anything else would be negligent,” she told the Neue Osnabrücker Zeitung newspaper.
Ukraine has been backed by massive Western arms and Putin has mentioned the possible use of nuclear weapons in the conflict, with his quest to capture the whole country having stalled.
Further nuclear worries have been exacerbated by fighting near the Zaporizhzhya nuclear power plant. On Monday, International Atomic Energy Agency (IAEA) chief Rafael Grossi tweeted that he had “received confirmation” that plant director Ihor Murashov had been “returned to his family” after having been abducted.
On the battlefield, Ukrainian troops again recorded successes in their counter-offensive, advancing against Russian invaders in the east and south.
In the Luhansk region, Ukrainian soldiers have already established themselves near the city of Lysychansk, a military spokesperson for the Moscow-controlled Luhansk separatists wrote on Monday on the Telegram news service.
But the Ukrainian units are nevertheless under constant fire from the Russian army.
Previously, President Volodymyr Zelensky had also confirmed an advance of Ukrainian forces in the southern region of Kherson and the recapture of the local towns of Archanhelske and Myrolyubivka
Faced with stiff Ukrainian resolve, Putin has called for a partial mobilization of new Russian troops. But the mobilization is plagued by organizational problems and a lack of enthusiasm among potential conscripts.
The Defense Ministry in Moscow said first recruits called up as part of the mobilization have been transferred to Donetsk and Luhansk.
“Mobilized servicemen are undergoing their combat training in the Donetsk People’s Republic,” the Defence Ministry said on its Telegram channel. It also posted a video showing soldiers conducting live-fire exercises.
But in the Khabarovsk region in Russia’s far east, Governor Mikhail Degtyarev said that half of the “several thousand” conscripts had returned home.
The men in question had been called up for duty even though they did not meet criteria. The governor did not explain how the mistakes could have happened.
The responsible head of the district military office had been dismissed, Degtyarev wrote on Telegram.
Meanwhile Putin loyalist Ramzan Kadyrov said he wants to send three of his underage sons to the war against Ukraine.
Kadyrov, the notorious head of the Russian republic of Chechnya, said that his boys Achmat, Selimchan and Adam – aged 14 to 16 – are ready to put the combat skills they have trained for to the test in Russia’s current “special military operation” in Ukraine.
“And I’m not joking,” he wrote on Telegram. “(…) Soon they will be sent to the front and will be in the most difficult sections of the contact line.” He also published a video showing his sons doing target practice.
At least 300,000 reservists are to be drafted from across Russia to fight in the occupied Ukrainian territories. Hundreds of thousands of Russians have fled abroad to avoid being sent into military service.
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,175 to N1,125 per litre.
A statement from the company on Thursday has it that this latest adjustment reflects the refinery’s ongoing commitment to ensuring price stability, improving affordability, and supporting Nigeria’s energy security objectives.
ALSO READ: NBS: Kerosene Price Dips as Diesel, Petrol Costs Rise
The price review underscores Dangote Refinery’s responsiveness to prevailing market conditions and its efforts to pass on cost efficiencies to downstream partners and consumers.
“Dangote Refinery remains focused on its broader mission of contributing to economic growth, enhancing fuel availability, and fostering a more competitive and sustainable petroleum sector in Nigeria,” the statement added.
The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.
In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.
ALSO READ: ‘Nigerian Marketers Import Dangote Fuel Via Lome Hub’
According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.
The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.
Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.
The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.
As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.
The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.
In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.
To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.
The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.
The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.
SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.
The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.
France has confirmed its first-ever case of Ebola virus disease, triggering concern across Europe as health authorities move swiftly to contain the deadly infection.
The French Health Ministry announced on Wednesday that a doctor returning from the Democratic Republic of Congo (DRC), which is currently battling a major Ebola outbreak, tested positive for the virus after arriving in France.
SEE ALSO: Fresh Ebola Alert: Lagos Tightens Airport Surveillance as Virus Threat Looms
According to officials, the patient was immediately isolated upon arrival, even before laboratory tests confirmed the diagnosis, helping to reduce the risk of transmission.
In a statement, the ministry confirmed the identification of “a first positive case of Ebola virus disease on national territory,” marking the first time the virus has been detected in France.
The development also represents the first confirmed Ebola case recorded outside Africa during the current outbreak, which has affected both the Democratic Republic of Congo and Uganda.
French authorities disclosed that the case was detected in mainland France, while Prime Minister Sebastien Lecornu is closely monitoring the situation as health agencies intensify surveillance and response measures.
The current outbreak in the DRC was officially declared on May 15 following a series of unexplained deaths in the eastern Ituri Province.
The outbreak involves the Bundibugyo strain of the Ebola virus, for which there is currently no approved vaccine or specific treatment.
Despite growing concerns, public health experts have stressed that the risk of widespread global transmission remains low because Ebola is less contagious than many airborne infectious diseases.
The virus spreads through direct contact with infected bodily fluids and contaminated materials.
Ebola is a severe and often fatal haemorrhagic fever that can cause symptoms including high fever, weakness, muscle pain, vomiting, diarrhoea, and in severe cases, internal and external bleeding.
French health authorities have assured the public that all necessary precautions are being taken to contain the case and prevent any further spread of the disease.
The announcement has nevertheless sparked anxiety across Europe, given the deadly nature of the virus and its emergence outside the African continent during the ongoing outbreak.
Africans Learn Nigeria’s Local Content Model – NCDMB
NLNG Train 7 Hits 90% Completion, Generates 16,000 Jobs
HOSCON Backs Tantita Security
Dangote Cement Ibese Commissions Cassava Processing Plant in Ogun
Again, Dangote Reduces PMS Gantry Price to N1,125/Litre
NBS: Kerosene Price Dips as Diesel, Petrol Costs Rise
Trump’s Family Unveils New Cryptocurrency Platform
Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees
Dangote Cement Lights Up Benue Host Communities With CSR Initiatives
Reps Recommend 3-year Jail Term For Aviation minister
Tems Sets New Record On Billboard Hot 100 Chart
