Connect with us

News

Israel-Iran war: 330,000 flee Tehran, oil price drops 4%

Published

on

Black smoke billows from the headquarters of Iranian state television in Tehran following an Israeli attack on June 16, 2025. Kyodo/AP
Spread the love

• Iran seeks ceasefire as Israel targets more military facilities

In a dramatic turn of events yesterday, the Islamic Republic of Iran signalled its willingness to pursue a ceasefire in its ongoing war with Israel, even as heavy Israeli air raids continued to pound critical targets in and around Tehran, including the headquarters of Iran’s state television.

Witnesses described a deafening explosion followed by chaos in surrounding neighborhoods. “All we could see was smoke and broken glass,” said a Tehran resident. “People were running, children were screaming. We thought it was the end.”

The ongoing bombardment has triggered a mass evacuation of over 330,000 residents from the capital, with local authorities designating “red zones” around critical military and nuclear installations.

Meanwhile, the international markets reacted swiftly to signs of possible de-escalation, with global oil prices falling by nearly 4% yesterday afternoon, after trending upward earlier in the day.

Traders appear encouraged by reports of Iran’s diplomatic outreach and a potential pause in hostilities.
Financial analysts noted that while the risk of full-scale regional war has not been eliminated, “the prospect of a ceasefire—however tentative—has calmed fears of prolonged disruption to oil supply routes through the Strait of Hormuz.”

Maduka College Advert

Iran’s diplomatic overtures, according to credible media reports, are being channeled through Gulf Arab states—namely Qatar, Saudi Arabia, and Oman—which have been quietly engaging both Tehran and Tel Aviv in a bid to de-escalate a rapidly expanding conflict.

However, Tehran has made it clear that any potential truce is contingent on the United States staying out of the battlefield.

Despite its appeal for dialogue, Iran is still absorbing heavy losses. Israeli warplanes, under the banner of “Operation Rising Lion,” launched a fresh wave of attacks Monday morning, targeting missile stockpiles, suspected nuclear infrastructure, and notably, the national broadcasting complex of Islamic Republic of Iran Broadcasting (IRIB) in central Tehran.

The strike on IRIB dealt a symbolic and psychological blow to the regime, effectively knocking off national broadcasts for several hours and sending shockwaves through the capital.

Long queues formed at fuel stations, roads were choked with fleeing families, and emergency shelters filled to capacity as panic gripped the city.

Military sources believe the Israeli strikes have severely degraded Iran’s air defense systems, rendering its ability to counter further incursions increasingly ineffective.

The assessment has lent urgency to Iran’s move to explore diplomatic channels while projecting continued strength on the battlefield.

According to media reports, Iran is proposing an immediate ceasefire followed by a structured return to nuclear negotiations, facilitated by regional mediators.

In exchange, it is suggesting a temporary freeze on uranium enrichment, expanded IAEA monitoring, and a halt to ballistic missile testing.

However, Tehran insists that Washington must refrain from any military involvement or coercive tactics.
Inside Israel, Prime Minister Benjamin Netanyahu remains unmoved by Iran’s truce initiative, vowing that military operations would not cease until Iran’s “nuclear and missile threat is neutralized.”

Speaking during a press briefing yesterday, Netanyahu said: “This is not the time for half-measures. We will finish what we started.”

U.S. President Donald Trump, who continues to exert influence on the crisis, added his voice to the calls for caution.

In a separate address yesterday, he warned against escalation, stating: “If this continues, we risk World War III.”

Trump also reportedly rejected Israeli overtures for U.S. support in a covert operation to assassinate Iran’s Supreme Leader Ayatollah Ali Khamenei, warning that such a move could lead to an uncontrollable spiral of violence across the Middle East.

The war, now in its fourth day, erupted after Iran allegedly launched a cyberattack on Israeli nuclear command systems, prompting Israel to retaliate with a series of aerial strikes.

Since then, Iran has fired more than 150 missiles into Israel, targeting cities like Tel Aviv and Haifa. While Israel’s Iron Dome and David’s Sling systems have intercepted the majority of these projectiles, dozens have slipped through, causing civilian casualties and infrastructural damage.

So far, official reports indicate that 24 Israelis and 224 Iranians have died, with hundreds more injured on both sides. Hospitals in Tel Aviv and Tehran are overwhelmed, and both nations remain under strict emergency conditions.

Amid the military escalation, diplomatic activities have intensified behind the scenes. Sources say Oman has prepared a draft peace framework that includes a phased withdrawal of forces, mutual de-escalation pledges, and the establishment of a multinational monitoring mechanism under the auspices of the United Nations.

Meanwhile, the United Nations and European Union have welcomed Iran’s gesture, with U.N. Secretary-General António Guterres calling for “an immediate and unconditional ceasefire to prevent further civilian suffering.”

Despite the glimmer of hope, the situation on the ground remains perilous.

Israeli jets continue to hover over Iranian airspace, and Tehran has not officially ordered a halt to its retaliatory missile operations. As the war teeters on the edge of broader conflagration, the next 48 hours may determine whether diplomacy prevails—or the Middle East descends deeper into conflict. (Vanguard)

News

SDGs: Mbah moves Enugu beyond projects, targets lasting development impact

Published

on

Enugu SSG, Prof Chidiebere Onyia and Frank Nweke Jnr
Spread the love

…Unveils 25-year plan to sustain transformation beyond individual administrations

The Enugu State Government has unveiled a 25-year development plan aimed at ensuring that the state’s ongoing transformation outlives individual administrations, with Governor Peter Mbah declaring that the government’s focus is shifting from simply delivering projects to building strong institutions and achieving lasting improvements in the lives of citizens.

Mbah made the declaration at the 2026 Enugu State Global Goals Week Symposium, held at the International Conference Centre (ICC), Enugu, with the theme, “From Projects to Lasting Impact: Sustaining Enugu State’s Development Transformation.”

Governor Mbah, who was represented by the Secretary to the State Government, Prof. Chidiebere Onyia, said the state’s development agenda was being deliberately aligned with the Sustainable Development Goals (SDGs) to ensure that investments in infrastructure, human capital and critical services produced measurable and enduring impact.

He said the administration had continued to prioritise investments in education, healthcare, roads, agriculture, water, technology, security and other critical sectors, stressing that the projects were not ends in themselves but part of a broader strategy to build systems capable of sustaining development over the long term.

Maduka College Advert

“Our objective is not merely to execute projects, but to build systems and institutions capable of delivering enduring development and ensuring that the transformation we are driving today is sustained beyond the tenure of any single administration,” Mbah said.

He said the 25-year development plan would provide continuity, guide long-term investments, strengthen institutions, expand economic opportunities, improve human capital and promote inclusive development across the state.

Mbah noted that the state’s commitment to the SDGs was reflected in the spread of development interventions across the 260 electoral wards, particularly through the Smart Green Schools and Primary Healthcare Centres.

He assured that the government would continue to strengthen institutions, improve service delivery and put in place mechanisms to sustain the development gains achieved under the administration.

In a welcome address, the Senior Special Assistant to the Governor on Sustainable Development Goals and Enugu State SDGs Focal Person, Onyinye Akubuilo-Okpalanma, said the state’s transformation must remain people-centred, inclusive and sustainable.

She said government programmes should be judged not simply by the number of projects completed or funds spent, but by their impact on residents, the opportunities created and the communities strengthened.

“The success of government programmes should not be measured only by the number of projects completed or the amount of money spent, but by the extent to which those interventions improve the daily lives of our people, expand opportunities and strengthen communities,” she said.

Akubuilo-Okpalanma called for stronger community participation, continuous monitoring, reliable data and greater transparency in public finance and project implementation. She also urged greater attention to vulnerable groups and sustained investment in education, primary healthcare and environmental protection.

She called on development partners, civil society organisations, traditional institutions, the private sector and community leaders to work with government to sustain development gains, stressing the importance of continuity, institutional memory and long-term planning.

“Enugu’s transformation will be judged not only by the projects visible today, but also by the quality of institutions, opportunities and services available to future generations,” she said.

In a keynote address titled “From Projects to Lasting Impact: Sustaining Enugu State’s Development Transformation,” former Minister of Information, Frank Nweke Jnr., commended the scale and pace of public investment in the state over the past three years.

Nweke said the Mbah administration had reported more than 1,500 kilometres of roads constructed or reconstructed, over 7,000 classrooms and 260 Type-2 Primary Healthcare Centres.

He also cited the 2025 budget, in which ₦837.9 billion, representing 86 per cent of the budget, was allocated to capital expenditure, while ₦320.6 billion, representing more than one-third of the total budget, was allocated to education.

He stressed that improved domestic revenue mobilisation was essential to sustaining ambitious development, noting that the financial capacity to fund projects, maintain public assets and support institutions was critical to long-term transformation.

“Projects can transform places, but strong institutions are necessary to ensure that the transformation endures,” Nweke said.

He identified five priorities for sustaining Enugu’s development: linking investments to clearly defined problems and measurable outcomes; embedding the SDGs in planning and budgeting; measuring outcomes rather than expenditure alone; providing for the maintenance of public assets from the outset; and strengthening institutions, professional capacity and accountability mechanisms.

In separate goodwill messages, the UNICEF Field Office, Enugu representative, Juliet Chiluwe; the Special Adviser on Legislative Matters, Rt. Hon. Paul Nnajiofor; and Amb. Amaka Nweke commended the state’s development efforts and emphasised the need for inclusive, accountable and sustainable development that would continue to benefit present and future generations.

The event brought together government officials, development partners, traditional and community stakeholders, civil society representatives and members of the National Youth Service Corps (NYSC), among other participants.

Continue Reading

News

FG slashes interest rate on late tax payment

Published

on

Spread the love

The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026.

Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy Rate (MPR) plus one percentage point, down from the previous five-percentage-point penalty.

The measure is contained in the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, issued yesterday by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, pursuant to Section 65 of the Nigeria Tax Administration Act, 2025.

According to the minister, the new Order will apply uniformly to taxpayers dealing with federal, state and Federal Capital Territory (FCT) tax authorities.

However, the applicable interest rate on naira-denominated tax liabilities will not fall below the yield on 364-day Treasury Bills, reflecting the Federal Government’s cost of borrowing when tax payments are delayed.

Maduka College Advert

For tax liabilities payable in foreign currencies, interest will be charged at the Secured Overnight Financing Rate (SOFR) plus six percentage points.

The Order further provides that where SOFR is discontinued, its officially designated successor rate will apply.

Explaining the rationale for the new regime, Oyedele said the objective was to align the cost of late tax payments more closely with prevailing market conditions while providing taxpayers with greater certainty about their obligations.

“Tax that is due belongs to the public. When it is paid late, Government may have to borrow to fill the gap, and the cost falls on everyone.

“This Order ties the cost of late payment to real market rates, so that delaying tax does not become a cheaper form of credit than the market itself,” he stated.

Continue Reading

News

APC wins all Chairmanship, Councillorship seats in Enugu

Published

on

Spread the love

The All Progressives Congress (APC) has won all chairmanship and Councillorship seats contested in the Sept. 26 Local Government Election in Enugu State.

The Enugu State Independent Electoral Commission (ENSIEC) conducted election into the 17 Chairmanship and 260 Ward Councillorship positions in the state on Saturday.

Declaring the election results at the ENSIEC headquarters in Enugu on Sunday, the Chairman of the Commission, Prof Christian Ngwu, said that the election was free and fair.

Ngwu said that the election was conducted according to rules guiding the Commission, and “subsequently, we are issuing the winners with certificate of returns.”

Speaking after collecting his certificate of return, Chairman of Enugu South Local Government Area, Chief Caleb Ani, attributed the landslide victory of the candidates of APC to the massive developmental works of Gov. Peter Mbah.

Maduka College Advert

Ani urged the residents of the state to vote for Mbah en masse in the forthcoming 2027 General Election to continue the good works.

“Gov. Mbah has done well in all ramifications, this is partly while the APC candidates won overwhelmingly.

“I urge the people to vote for him, come 2027 General Elections so that he will continue with his good works and do more,” he said.

Reacting, the APC Chairman in Enugu State, Dr Martin Chukwunweike, said that the resounding victory at the polls indicated the dominance of the national ruling party, APC, in the state.

“We will not rest as we push the developmental efforts of President Bola Tinubu and our amiable governor, His Excellency Dr Peter Ndubuisi Mbah, for the world to see.

“Tinubu, Mbah and all the APC candidates will be reelected in 2027 as they have performed exceptionally well in the past three years,” he said.

In the numerical figures of the results pronounced, APC chairmanship candidates won with margins while the opposition parties trailed behind with minimal votes.

For instance, in Udenu, Igbo-Eze North and Igbo-Eze South local Government Areas respectively, the APC chairmen elect secured virtually the whole votes cast.

Continue Reading

Trending

Maduka College Advert