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Donald Trump sends stern warning to North Korea

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President of the United States of America, Donald Trump has told North Korea that it will be met “will be met with fire and fury” if it threatens the US.

He said this  after a Washington Post report, citing US intelligence officials, said Pyongyang had produced a nuclear warhead small enough to fit inside its missiles.

This would mean the North is developing nuclear weapons capable of striking the US at a much faster rate than expected.

The UN recently approved further economic sanctions against the country.

The Security Council unanimously agreed to ban North Korean exports and limit investments, prompting fury from North Korea and a vow to make the “US pay a price”.

The heated rhetoric between the two leaders intensified after Pyongyang tested two intercontinental ballistic missiles (ICBM) in July, claiming it now had the ability to hit the US.

Mr Trump told reporters on Tuesday: “North Korea best not make any more threats to the US. They will be met with fire and fury like the world has never seen.”

Donald Trump said that North Korean leader Kim Jong-un “has been very threatful, beyond a normal state”. So he responded with language that goes well beyond a normal statement for any US president.

Perhaps Mr Trump believes that no hyperbolic threats should go unmatched or that apocalyptic warnings are the only ones the North Korean leadership will understand. Perhaps he – intentionally or not – is pursuing a Nixonian “madman” style foreign policy, where adversaries will tread lightly to avoid triggering the wrath of an unpredictable US commander-in-chief.

When the leader of the world’s greatest superpower, the only nation ever to have used nuclear weapons on an enemy, talks of unprecedented “fire and fury”, however, those words have consequences.

During his presidential campaign Mr Trump criticised his predecessor Barack Obama for not enforcing a red line against Syria’s use of chemical weapons. Now President Trump has drawn a fiery bright line of his own with North Korea – one that could commit the US to a perilous course of action if his words go unheeded.

The Washington Post quoted an intelligence community report as saying it “assesses North Korea has produced nuclear weapons for ballistic missile delivery, to include delivery by ICBM-class missiles”.

It has previously been thought that the North was still years away from being able to fire a nuclear weapon, although it has long carried out separate nuclear tests and missile launches.

North Korea said on Monday, two days after the UN sanctions were passed, that it would continue with its nuclear weapons programme.

The state-run KCNA news agency said Pyongyang would “not put our self-defensive nuclear deterrent on the negotiating table” while it faces threats from the US.

It threatened to make the US “pay the price for its crime… thousands of times,” referring to America’s role in drafting the UN sanctions resolution.

Source: ( BBC )

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2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari

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President Muhammadu Buhari has revealed that the recently proposed 2020 Finance Bill will exempt workers earning the minimum wage from paying tax.

Buhari disclosed this on Monday in a speech delivered virtually by Vice President, Yemi Osinbajo at the opening session of the 26th Nigerian Economic Summit Group Conference themed: “Building Partnerships for Resilience.”

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

“We are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax,” he was quoted as saying in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Laolu Akande.

“These provisions which complement the tax breaks given to small businesses last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation and the impact of inflation on ordinary Nigerians.”

 

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Zainab Ahmed

Minister of Finance, Budget and National Planning, Zainab Ahmed has revealed that Nigeria would emerge from recession in the fourth quarter of this year or by the first quarter of 2021.

Recall that on Saturday, Nigeria officially went into recession for the second time under President Muhammadu Buhari‘s administration.

Speaking on Monday at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, Zainab said the current recession would be short-lived.

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

She blamed COVID-19 for the current recession, saying it followed the pattern across the world where many countries had entered an economic recession.

“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.

 

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Court Remands Nigerian Senator, Ali Ndume, In Prison

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Court Remands Nigerian Senator, Ali Ndume, In Prison

Ali Ndume

Senator Ali Ndume, the lawmaker representing Borno South Senatorial district has been ordered on Monday by a federal high court to be sent to prison.

The order follows his inability to produce Abdulrasheed Maina, the former Chairman of the defunct Pension Task Team, whom he stood as surety for in his corruption and money laundering trial.

The high court, sitting in Abuja was presided over by Justice Okon Abang and ordered Senator Ndume to be remanded in Kuje correctional centre.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

Justice Abang, however, gave three conditions upon which Ndume can regain his freedom namely payment of N500m bail bond into the Federation Account of the Federal Government and present evidence of such payment in court or the FG sells the property situated in Asokoro, Abuja which Ndume pledge as security for the bond and present evidence of sale and payment of the N500m realised into the Federation Account or he (Ndume) produces Maina, who is believed to have now jumped bail, in court.

Shortly after the pronouncement by the Judge, Senator Ndume was led away from the courtroom by security operatives.

 

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