All The Relevant News: Tuesday

All The Relevant News: Tuesday

SARS Update: protests continue today in some state capitals, despite assurances from Government on reforms.
* Yesterday President Buhari has said that disbanding of SARS is the first step to extensive police reforms by his administration and has directed that all those responsible for misconduct or wrongful acts be brought to justice.
* VP Osinbajo also told protesters demanding police reform that the Buhari administration is committed to it.
* IGP met popular musician, Davido, promised to investigate all videos of brutality.
* Nigeria Police Force to commence next week the training of a new unit to take over from the disbanded SARS.

* Buhari has assured Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation.


COVID-19 Update in Nigeria: Nigeria recorded an increase in the daily count as the NCDC confirmed 164 new cases in 14 states and the FCT on Monday. That is the highest daily count recorded so far in the month of October. A total of 208 people were discharged and no death was reported.
* At its bi-weekly briefing yesterday, the Presidential Task Force said it is glad that the economy is opening up the more, but warns that “ as we continue to study developments in Europe and other parts of the world, no nation can be said to be immune to a possible second wave, if the guidelines and protocols are not adhered to strictly.”
* Johnson & Johnson said Monday it has paused the advanced clinical trial of its experimental coronavirus vaccine because of an unexplained illness in one of the volunteers.
* Trump’s doctor says he has now tested negative to Covid, and the President says he is immune.
* Bill Gates says it is “inappropriate” to refer to the experimental coronavirus monoclonal-antibody treatment that Trump received earlier this month as a “cure.”

Oil Monitor: Oil prices rebounded from a fall in early trade on Tuesday, recovering some ground from falls of nearly 3% in the previous session, on support from robust China data, although concerns about supply resumption in Norway, the U.S. Gulf of Mexico and Libya still weighed on the market. At 0739 GMT Brent crude futures had risen 12 cents, or 0.29%, to $41.84 a barrel.
* GMD Kyari says the passage of the Petroleum Industry Bill, PIB, would effectively secure the future of Nigeria’s oil and gas industry and attract investments; NNPC is to join the global Extractive Industries Transparency Initiative (EITI) as a supporting company.


FG and Labour agree on 3 months subsidy on electricity tariff for consumers

The Naira weakened by N1.00k as the dollar traded at N458 compared with N487 traded on Friday on the black market; external reserves decline by $31.16m.

Minister Adegbite says FG has guaranteed five years tax holiday and waiver on imported mining equipment. for miners who operate in the nation’s mining sector


Maritime workers threaten strike over Apapa gridlock.

The Revenue Mobilization Allocation and Fiscal Commission says it has recovered over N474 million unremitted excise duty from Guinness Nigeria PLC in its drive to recover from all defaulters all unremitted revenues accruable to the Federation Account.

Air Peace has acquired a new ERJ-145 aircraft to boost its domestic and regional operations, raising its fleet capacity to 26 aircraft.

Many feared dead in another tanker explosion in Osun State

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