ALL THE RELEVANT NEWS: MONDAY

ALL THE RELEVANT NEWS: MONDAY

* Relief as Nigeria Labour Congress and the Trade Union Congress suspend strike following an agreement reached with the FG at a meeting which ended early this morning.

* COVID-19 Update: FCT recorded the most cases on Sunday as the NCDC confirmed 126 new coronavirus infections; “Till date, 58324 cases have been confirmed, with 49794 recoveries and 1108 deaths recorded in 36 states and the FCT,” the Centre reported last night.

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* At the 60th independence anniversary interdenominational church service, VP Osinbajo, represented by SGF Mustapha, called for urgent collective action to mend existing cracks to fully unify Nigeria

* Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand; Brent crude fell 37 cents, or 0.9%, to $41.55 a barrel by 0652 GMT after dropping 2.9% last week.

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* A report says President Buhari has transmitted the Petroleum Industry Bill 2020 to the National Assembly; he proposes the creation of the Nigerian National Petroleum Company Limited to replace NNPC; the new bill also technically scraps the PPPRA with the creation of the new agencies that will now carry out its functions.

* Power generation hits 4,312MW, as 16 plants record increase.

* Emefiele says CBN will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained.

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* Nigeria’s foreign exchange reserves dropped by $47.33 million to close weekend at $35.77 billion.

* NDIC Academy recertified by CIBN as training provider for the banking industry. * The First City Monument Bank (FCMB) has apologised to both Emmanuel Omale, the General Overseer of the Divine Hand of God Ministries and Ibrahim Magu, over N573 million mistakenly ‘credited’ into Mr Omale’s account.

* A PDP committee on Sunday evening held talks with former President Obasanjo in Abeokuta, in what they called an advocacy visit to the former leader.

* Some 48 hours after Boko Haram ambushed convoy of Governor Babagana Zulum along Cross Kauwa-Baga road in Borno state, another set of insurgents attacked the returning convoy on Sunday evening.

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* To the joy of many and in a display of inverted values to many others, a Big Brother Naija contestant, Laycon (Olamilekan Agbeleshe) is awarded the coveted N85 million grand prize as the winner of this season.

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