NORTH KOREA FIRED SEVERAL BALLISTIC MISSILES INTO THE SEA. (PHOTO).

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 North Korea fired several ballistic missiles into the sea Monday, South Korea’s military said, hours after South Korean and U.S. troops kicked off their large annual combined drills, which the North views as an invasion rehearsal.  South Korea’s Joint Chiefs of Staff said the missile firings, North Korea’s fifth missile launch event this year, were detected from the North’s Hwanghae province but gave no further details such as how far they flew.  Earlier Monday, the South Korean and U.S. militaries began their annual joint military exercises, which are scheduled to last 11 days. The Freedom Shield command post exercise began after the South Korean and U.S. militaries paused live-fire training while Seoul investigates how two of its fighter jets mistakenly bombed a civilian area during a warm-up drill last week.  The drills' start drew the condemnation of nuclear-armed North Korea, which issued a government statement calling the exercises a “dangerous provocative act...

FEDERAL GOVERNMENT DISTRIBUTES 4.116 BUSES NATIONWIDE.{PHOTO}.

                 According to sources,a total of 4,116 buses valued N37 billion have been delivered to beneficiaries nationwide under the Federal Government's Public Mass Transit Revolving Fund {PMTF} Scheme.The Managing Director of The Infrastructure Bank,Mr Adekunle Oyinloye,state this in a paper he presented at a National Workshop for Chief Executive Officers of Mass Transit Companies in Abuja.Oyinloye said the buses were released to mass transit companies to provide cheap and affordable road transport services to Nigerians across the six geo-political zones and the FCT.According to him,the vehicles were provided under phase I and II of the N25 billion PMT scheme being managed by the Infrastructure Bank.He stated that the scheme has also empowered over 50,000 Nigerians,including bus drivers,bus assistants,auto-technicians and booking clerks,through direct employment.''In addition,the scheme has thrived in reducing poverty and enhancing regional integration,as more people are able to move easily across different regions of the country,and across the West African sub-region.The PMTF Scheme offers a single digit interest rate regime of five per cent per annum in Phase ! and zero percent per annum in Phase II.Thi has resulted in cost savings of about N10 billion when compared with the prevailing interest rate of about 25 percent per annum obtainable in other financial institution''.

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