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    Dangote ends naira sales, Begins petrol Sales in Dollar

    Petrol Jumps ₦110 per Litre as Dangote Ends Naira Pricing

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    FG Suspends Planned N50,000 WAEC, NECO Fee Hike

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    Oil prices surge as US-Iran tensions reignite

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    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria’s Long-Term Rating Upgraded to Aaa by Agusto & Co., Highest on National Scale

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    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    FG Suspends Planned N50,000 WAEC, NECO Fee Hike

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

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    Oil prices surge as US-Iran tensions reignite

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote, Marketers Cut Petrol Depot Prices as FG Pushes for Lower Pump Prices

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    Dangote Slashes Petrol Price to ₦1,125/Litre

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    UAC of Nigeria Proposes ₦1.00 Final Dividend

    UAC Restructures Board as Badejo Moves to UPDC

    Dangote ends naira sales, Begins petrol Sales in Dollar

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High Mobility Artillery Rocket Systems (HIMARS) part of USA’s $675m new military support to Ukraine

Friday, 9 September 2022, 9:02 am
in News, World
1
Our biological programs abroad are for peaceful purposes – US State Department
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On Thursday, the U.S Department of Defense (DoD) announced the authorisation of a Presidential Drawdown of security assistance valued at up to $675 million to meet “Ukraine’s critical security and defence needs.”

According to the publication by the DoD seen by Investogist, this authorisation is the Biden Administration’s twentieth drawdown of equipment from DoD inventories for Ukraine since August 2021.

The drawdown which started months before Russia’s “Special Military Operations” in Ukraine, has accelerated since the Russian army invaded Ukraine in February 2022.

Capabilities in this package include:

  • Additional ammunition for High Mobility Artillery Rocket Systems (HIMARS);
  • Four 105mm Howitzers and 36,000 105mm artillery rounds;
  • Additional High-speed Anti-radiation missiles (HARM);
  • 100 Armored High-Mobility Multipurpose Wheeled Vehicles (HMMWV);
  • 1.5 million rounds of small arms ammunition;
  • More than 5,000 anti-armor systems;
  • 1,000 155mm rounds of Remote Anti-Armor Mine (RAAM) Systems;
  • Additional grenade launchers and small arms;
  • 50 armored medical treatment vehicles;
  • Night vision devices and other field equipment.

In total, the United States has committed approximately $15.2 billion in security assistance to Ukraine since January 2021. Since 2014, the United States has committed more than $17.2 billion in security assistanc ofe to Ukraine and more than $14.5 billion since the beginning of Russia’s unprovoked and brutal invasion on February 24.

The U.S State Department has also notified the U.S Congress, according to the press release, of its intent to make US$2 billion available in long-term investments in Foreign Military Financing.

US$1 billion is expected to go to bolster the security of Ukraine while US$1 billion will go to 17 nations that are in Ukraine’s region.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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