All The Relevant News: Tuesday

All The Relevant News: Tuesday

#ENDSARS Update:
The protest continued in major towns in Nigeria yesterday, crippling socio-economic activities as protesters blocked major road; Lagos was almost crippled.

* President Buhari has urged #EndSARS protesters to give FG time to address concerns; Minister of Youth and Sports, Sunday Dare made this disclosure after a meeting with the President; also that Buhari promised lasting reforms in the effort to deliver a police force Nigerians would be proud of.

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*The Nigeria Governors Forum on Monday said it would address the demands of Nigerian youth protesting police brutality.

* SGF Boss Mustapha has warned that the country’s health system may be overwhelmed if there’s a significant rise in COVID-19 infections as a result of the #EndSARS protests.

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* Edo declares curfew as hoodlums break into correctional centres, freeing inmates

* Lagos has directed all primary and secondary schools across the state to be closed from today.

* Twelve days after it started in some parts of the country, some youths in Kano on Monday joined the protest against police brutality.

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* Anonymous, a group of international ‘hacktivist’ backing #ENDSARS protesters has hacked the Nigerian Stock Exchange website; EFCC has admitted that there was an attempt on its website, which was later repelled.

* Former President Obasanjo has described the #EndSARS protest as the product of an extensive agitation by the Nigerian youth that needed to be attended to by the government; believes there are windows of opportunity for Govt to show that it cares about the people’s welfare.

> Oil Monitor: Oil prices were little changed later Tuesday, steadying after three days of declines due to worries that a resurgence of coronavirus cases globally is stifling a recovery in fuel demand, while growing output from Libya adds to plentiful supply.
Brent crude futures were trading down 4 cents, or 0.1%, at $42.58 a barrel by 0635 GMT.

* Timipre Sylva says Nigeria will raise local content in the oil and gas sector from its present 10 per cent to 40 percent by 2027.

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* NNPC reduces $4.6 billion negotiated joint venture (JV) oil production debt to IOCs to $1.58bn, pays off Mobil.

> CBN has asked all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools, in line with the red flags and emerging trends arising from the COVID-19 related financial crimes; CBN releases guidelines for accessing funding for the mass metering programme recently announced by FG; The Naira weakened by N1.00k as external reserves declined to $35.67 billion

> NDIC MD, Umaru Ibrahim, says strategic steps were taken to mitigate the impact of the COVID-19-induced lockdown on the Nigerian financial sector.

> COVID-19 Update: NCDC confirmed 118 new cases on Monday, taking total confirmed cases to 61558 with 56697 recoveries and 1125 deaths.

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> President Muhammad Buhari has approved the removal of the Board Chairman of the Nigerian Copyright Commission (NCC), Tonye Jaja. But he is resisting his removal, saying it wasn’t Buhari who sacked him but the Justice Ministry.

> FG to begin N75bn support fund disbursement this week.

> Court gives Ndume 21-day ultimatum to produce Maina

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