tw News Headlines – January 6, 2016
Why govt may not raise intervention fund over fuel subsidy removal – The Guardian
- NLC canvasses sub-regional product swap
THERE are indications that the Federal Government may not establish any intervention fund to mitigate the impact of the now-to-be-adopted petrol price modulation mechanism.
The Guardian learnt in Abuja yesterday that the adoption of price modulation makes the establishment of any palliative body impossible to create.
FG to spend N65bn on warplanes, weapons, others – Punch
The Federal Government is proposing to spend N65.03bn for the acquisition of various military aircraft, combat equipment, trucks and maintenance of boats among others in the 2016 fiscal period.
Details of this amount are contained in the 2016 budget which President Muhammadu Buhari presented to a joint session of the National Assembly in December, 2015.
IMF to scrutinise FG’s 2016 budget—Lagarde; Vanguard
There were indications that the 2016 Appropriation Bill may be subjected to further scrutiny and amendments by the International Monetary Fund, IMF, despite being already presented to the National Assembly for legislative action.
Managing Director of IMF, Ms Christine Lagarde, who is visiting Nigeria, told newsmen in Abuja, yesterday, that the multilateral financial institution would be discussing the budget next week with Nigerian officials.
North Korea says it successfully conducts hydrogen bomb test – CNN
North Korea says it has successfully carried out a hydrogen bomb test, which if confirmed, will be a first for the reclusive regime and a significant advancement for its military ambitions.
A hydrogen bomb is more powerful than plutonium weapons, which is what North Korea used in its three previous underground nuclear tests.
Bangladesh Islamist Nizami’s death sentence upheld –BBC
Bangladesh’s highest court has upheld the death sentence for Motiur Rahman Nizami, head of the country’s largest Islamist party Jamaat-e-Islami.
Nizami was appealing against last year’s conviction for war crimes committed during the independence war against Pakistan in 1971.
The 72-year-old is accused of helping the Pakistani army identify and kill pro-independence activists.
Image Credit: Christine Lagarde