ALL THE RELEVANT NEWS: Monday

ALL THE RELEVANT NEWS: Monday

🌍Brent crude above $74 even as oil prices fell on Monday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, and concerns over a rise in oil output from OPEC producers. The blend’s futures slid by 74 cents, or 1%, to $74.67 a barrel by 0653 GMT, after dropping to a low of $74.10 earlier in the day.

🌍NNPC has announced that its downstream subsidiary, PPMC, recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the ₦188.15billion sales recorded in the previous month of February 2021.

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🌍COVID-19 Update: Nigeria gets boost of 4m doses of Moderna vaccine from the US. The doses, which arrived on two planes on Sunday, were received by UNICEF officials on behalf of Nigeria at the Nnamdi Azikiwe International Airport, Abuja, according to the AFP.
* Sunday Caseload: Nigeria reported 407 new cases in 17 states on Monday, with 160 cases in Lagos. There are now 174315 confirmed cases, 165005 recoveries and 2149 deaths in 36 states and the Federal Capital Territory

🌍MTN Nigeria Communications Plc (MTN Nigeria) says it will invest N600 billion to expand its network across the country in the next three years.

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🌍The 2021 Annual Convention of the Redeemed Christian Church of God (RCCG) starts today, August 2, and runs through August 8.

🌍First Bank of Nigeria has affirmed its support for the expansion plans of WACOT Ltd as the company prepares to double the capacity of its 120,000-ton rice mill in Argungu, Kebbi State.

🌍NDLEA has recovered 35 wraps of cocaine from a lady passenger at the Murtala Mohammed International Airport, Lagos.

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🌍Nigeria Customs Service says 30 out of 65 private airplanes verified so far are liable to pay required duties to the federal government.

🌍Gunmen have reportedly killed seven persons and razed over 250 houses in some communities in Miango chiefdom of Bassa LGA of Plateau state.

🌍Aggrieved youths, who shut down the deplorable Eleme section of the East-West road, on Sunday, dismantled their barricades after seven days of protest following the intervention of stakeholders.

🌍The Police Service Commission (PSC) has suspended a Deputy Commissioner of Police Abba Kyari over his alleged involvement in a $1.1 million loot by internet fraudster Husspuppi.

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