RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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RECESSION: SENATE SEEKS HARMONIZATION OF FINANCIAL,MONETARY POLICIES.

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                          The Senate has urged the Ministry of Finance and the Central BanK of Nigeria {CBN} to harmonize the Federal Government's financial and monetary policies as one of the ways to end the current economic recession.The Upper Chamber also enjoined the Executive to urgently negotiate external concessionary borrowing to finance aspects of deficit in the 2016 Appropriation Act.These were part of the recommendations adopted by the Red Chamber after its two-day exhaustive debate to proffer solutions to the present harsh economic realities confronting the country.According to the Senate Plan which will be officially transmitted to President Muhammadu Buhari by Senate President,Dr. Abubakar Bukola Saraki and other leaders of the federal legislature any time soon,''the fiscal and monetary authorities must harmonize all policies that lower interest rates for investors in the real sector and small/medium scale farmers.The Federal Government should negotiate foreign concessionary borrowing agreements to cover shortfalls in the 2016 budget and the government's accelerated infrastructural development programme,''.Other measures that can help reflate the economy if immediately implemented by the Federal Government according to the Senate,including the payment of genuine domestic debts owed local contractors,settled of salary arrears and pension obligations.Thee Senate also urged the Federal Government to utilize pension and insurance funds to finance long term capital lending for agriculture,industry and housing projects as a way of putting money in the pockets of Nigerians.
The Senate said: ''The Federal Government should ensure the payment of all genuine domestic debts owed to local contractors who have completed their jobs,settle all salaries and pension liabilities and leverage the use of pension and insurance funds to provide long term capital lending for agriculture,industry,and housing projects,''.
The Lawmakers further urged the Executive to urgently reconstitute the Board of the Central Bank of Nigeria {CBN} and all other critical agencies in order to ensure that they operate in accordance to their enabling laws.
''The Federal Government should retool its export promotion policies scheme with export incentives like the Export Expansion Grant {EEG} and the export financing initiatives,'' the Senate added.

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