ALL THE RELEVANT NEWS: MONDAY

05 Dec ALL THE RELEVANT NEWS: MONDAY

🌍President Buhari has called on the new management team at ECOWAS Commission, led by Dr. Omar Alieu Toure, to complete the review and harmonisation of ongoing reforms aimed at strengthening the sub-regional body. He spoke in Abuja in his welcome address at the 62nd Ordinary Session of the ECOWAS Authority of Heads of State and Government.

🌍Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. Brent crude futures were last up 49 cents, or 0.6%, to $86.06 a barrel at 0700 GMT.

🌍The cost of domestic debt instrument issued by the federal government increased by 40.74 per cent in the first half of the year, according to the financial market half year report of the Central Bank of Nigeria (CBN).

🌍MTN Nigeria Communication Plc has declared its intention to apply for another 5G license with the Nigerian Communications Commission (NCC). NCC is expected to auction two additional 3.5GHz spectrums on December 19 in Abuja.

🌍Niger Delta Power Holding Company Limited (NDPHC) has decried the incessant vandalisation of its transmission facilities thereby worsening power wheeling ability across the country.

🌍INEC has again assured Nigerians that the 2023 general election will be conducted despite attacks on its facilities.

🌍The number of active telecommunication subscribers hit 214.35 million in October, according to new industry statistics from the Nigerian Communications Commission.

🌍Access Bank Plc has denied launching any Bitcoin bank or introduced a cryptocurrency product, which was reported by an online paper.

🌍Security Stories: Chief Dennis Ekpe Ogbu, Benue State Commissioner for Housing and Urban Development has been kidnapped Ado-Otukpo road in the state.
* Troops of operation Hadin Kai have killed scores of Boko Haram terrorists during a raid on five of the terrorists’ hideouts.
* The Katsina State Police Command on Sunday confirmed the rescue of six victims earlier abducted by terrorists on Saturday night in Funtua Local Government Area of the state. The six victims were part of the 19 worshippers abducted by terrorists on Saturday from a mosque at Maigamji community in the Funtua LGA.
* The Niger State Police Command has arrested four persons in connection with invasion of the residence of Sani Musa, the senator representing Niger East Senatorial District.

🌍Russia-Ukraine War: The weekend witnessed more Russian attacks on eastern and southern Ukraine, local officials said, including a strike that killed a civilian in Kherson.
* The first ship from the humanitarian “Grain from Ukraine” initiative delivered 25,000 tons of wheat for Ethiopia. Dozens more will bring aid to other countries.
* With the EU’s price cap on Russian oil and other Western sanctions set to take effect, OPEC and its allies decided to maintain existing cuts to oil output.