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    Gov. Elections: PDP’s Sim Fubara declared Rivers State’s Governor-Elect

    Gov. Elections: PDP’s Sim Fubara declared Rivers State’s Governor-Elect

    Businesses must accept eNaira as a form of payment – CBN

    List of companies licensed by CBN as mobile money operators

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    NNPP wins Kano Gov. Election, curfew declared by government

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    Chimaroke Nnamani loses Enugu East Senate Post to Labour Party

    Chimaroke Nnamani loses Enugu East Senate Post to Labour Party

    More than 70 feared dead as boat capsizes in Anambra

    Anambra state House of Assembly election results

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    • Africa
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    • All
    • Budgets
    • Economic Data
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    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    • Policies
    • Budgets
    • Economic Data
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    • All
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    • Cryptocurrencies
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    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI lost by 0.09%, as STANBIC loses 8.52%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI Lost By 1.04%, as banking sector drops 1%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Bourse declined by 0.42%, as FLOURMILL loses 5.92%

    Again DMO offers N360 billion FGN bond for February

    The DMO auctions 4 FGN Bonds worth N360bn in March

    Guaranty Trust Holding Company profit dips to N77.56 billion in H1 2022

    The NGX-ASI Declined by 0.12%, as GTCO loses 3.08%

    Why Bitcoin fell below $20,000 for the first time in nearly 2 months

    Bitcoin rises over 18% as cryptos surge in renewed hope

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What is in the new US$800 million U.S. aid to Ukraine announced by Biden?

Thursday, 17 March 2022, 8:55 am
in News, World
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What is in the new US$800 million U.S. aid to Ukraine announced by Biden?
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On Wednesday, shortly after the Ukrainian President Zelensky addressed the U.S. Congress, an additional US$800 million aid for Ukraine was announced.

The additional $800 million comes on top of the $200 million in funding that was announced Saturday.

Announcing the aid, President Biden thanked the U.S. Congress for appropriating the funds, stating that the new package on its own is going to provide unprecedented assistance to Ukraine.

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The new package of aids includes the following according to Fox News;

  • 800 Stinger anti-aircraft systems
  • 2,000 Javelins
  • 1,000 light anti-armor weapons
  • 6,000 AT-4 anti-amor systems
  • 100 unmanned drones
  • 100 grenade launchers
  • 5,000 riffles
  • 1,000 pistols
  • 400 machine guns
  • 400 shotguns
  • more than 20 million rounds of small arms ammunition and grenade launcher and mortar rounds
  • 25,000 sets of body armor
  • 25,000 helmets

These equipment according to the President will be transferred directly from the U.S. Department of Defense to the Ukrainian military.

Biden explained that the American people are supporting the people of Ukraine in the face of Putin’s immoral, unethical attacks on civilian populations.

“This could be a long and difficult battle,” the President warned.

“We are united in our abhorrence of Putin’s depraved onslaught. We’re going to continue to have their backs as they fight for their freedom, their democracy, very survival,” the president said. “We’re going to give Ukraine the arms to fight, to defend themselves through all the difficult days ahead.”

The United States have also been mobilizing humanitarian relief to support people within Ukraine and those who’ve been forced to flee Ukraine.

President Biden noted that in the last few weeks, the U.S. has provided $300 million of humanitarian assistance to the people in Ukraine and in neighboring countries.

The president vowed that the U.S., in coordination with allies and partners, “will keep up the pressure on Putin’s crumbling economy, isolating him on the global stage.”

“That’s our goal,” Biden said. “Make Putin pay the price, weaken his position while strengthening the hand of the Ukrainians on the battlefield, at the negotiating table, together with our allies and partners.”

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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