ALL THE RELEVANT NEWS: TUESDAY

ALL THE RELEVANT NEWS: TUESDAY

🌍The Lagos state police command has arrested three students of Dowen College in connection to the death of Sylvester Oromoni jnr.

🌍President Buhari said at the opening of the chief of army staff (COAS) conference 2021, that the war against terrorism and insurgency is intelligence driven, “requiring gathering of information and processing it into actionable intelligence for the conduct of operations”.

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🌍Oil Monitor: Prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude. Brent crude futures rose $1.12, or 1.5%, to $74.20 a barrel at 0720 GMT
* The World Petroleum Conference kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.

🌍COVID-19 Update: At national COVID-19 summit, SGF Mustapha said Omicron shows the world still vulnerable to COVID-19 and “highlights how fragile and vulnerable we are globally”.
* Monday Caseload: There was another surge in infections on Monday with 167 new cases in Nigeria. There were, however, no deaths. The country now has a total of 214789 confirmed, 207478 recoveries and 2980 deaths.
* MTN Nigeria has said it is set to implement MTN Group’s mandatory vaccination policy for staff from January 2022.
* In an update, the United Kingdom has said visa applications in other categories such as for persons who wish to study, work or live permanently, will continue to be processed.

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🌗Nigeria recorded N3.032 trillion trade deficits in the third quarter (Q3) of 2021. (5) FG has begun the installation of equipment for virtual court proceedings in custodial centres nationwide.

The Deputy Governor, Financial System Stability, CBN and Chairman FITC Board, Mrs. Aisha Ahmad, has stated that the Loan-to-Deposit ratio (LDR), which the bank had restricted since 2019 till now, has resulted in unprecedented growth and financial stability to the nation’s financial sector.
🌍Ecobank Group has appointed Jubril Mobolaji Lawal as the managing director designate of its Nigeria operations and its regional executive; subject to the approval of the Central Bank of Nigeria. He succeeds Patrick Akinwuntan, who will retire after reaching retirement age in January 2022.
* Meanwhile, Ecobank Transnational Incorporated (ETI) posted, for the nine-month period to September, a profit after tax more than eight times higher than the figure it reported a year earlier.
🌍The Executive Chairman of Federal Inland Revenue Service, FIRS, Muhammad Nami, has faulted the computation of the nation’s tax-to- GDP which captures only FG taxes. He said it does not represent the true picture of the nation’s total revenue. 🌍FBN Holdings Plc posted profit after tax (PAT) of N40.7billion as for Q3, 2021. 🌍The National Union of Electricity Employees (NUEE) has suspended its strike in Abuja after the federal government intervened in its dispute with the Abuja Electricity Distribution Company.
🌍Zenith Bank’s Group Managing Director/CEO, Ebenezer Onyeagwu, has emerged CEO of the Year for a second consecutive year at the Sustainability, Enterprise and Responsibility (SERAS) CSR Africa Awards.
🌍Suspected sea pirates have abducted an operative of the NSCDC and four civilians attached to the kitchen contractor working with the Conoil Plc located in Bayelsa State.

🌍President Buhari returned to Abuja on Sunday after participating in the Dubai EXPO 2020, held in the United Arab Emirates.

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🌍VP Osinbajo will depart Abuja today to participate at the World Liquified Petroleum Gas Association forum in Dubai, United Arab Emirates, where he will be delivering the keynote address; he returns on Thursday.

 

🌍COVID-19 Update: Minister of Health Ehanire has expressed disappointment over the United Kingdom government’s placement of Nigeria on its red list following the detection of the COVID-19 Omicron variant.

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* Dr Anthony Fauci, the Chief Medical Adviser to the U.S. President Joe Biden, as well as Director, the National Institute of Allergy and Infectious Diseases, U.S. will be speaking at the Nigerian COVID-19 Summit, organized by the Presidential Steering Committee (PSC) on COVID-19 between December 6 and December 8, 2021 in Abuja.

* Nigeria Caseload: Nigeria reported 55 new cases, 23 recoveries and zero deaths on Sunday. So the national caseload is 214622 confirmed cases, and 207450 recoveries, while the death toll remains 2980.

 

🌍Oil Monitor: Prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse. Brent crude futures for February gained $1.61, or 2.3%, to $71.49 a barrel by 0720 GMT

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🌍82 Civil Society Organisations (CSOs), under the aegis of Civil Society Coalition for Economic Development (CED), have welcomed President Buhari’s plan to end the oil subsidy in Nigeria and appealed to Labour not to oppose it.

 

 

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🌍CBN Governor, Emefiele, has said the project aimed at revamping the National Arts Theatre will cost the Bankers’ Committee $100m.

 

🌍President Buhari has directed Nigeria’s High Commissioner to Britain, Ambassador Sarafa Tunji Isola, to return Benin artworks which were recently repatriated from Jesus College, Cambridge and University of Aberdeen, Scotland, to the Benin Palace.

 

🎯Emirates flights touched down in both Abuja and Lagos on Sunday, marking the resumption of daily services to Nigeria from Dubai.

 

FG says the Agbara-Seme border section of the Lagos-Badagry expressway project will receive N15 billion of the NNPC tax credit fund.

 

 

NDLEA has arrested a 44-year-old father of three, Gabriel Patrick, for allegedly ingesting 96 pellets of cocaine, which he excreted in the custody of the agency at the Nnamdi Azikiwe International Airport in Abuja.

 

Incumbent president of The Gambia, Adama Barrow, has won the country’s presidential election held on Saturday December 4.

 

The Lagos State Government has released the two volumes of the report of the Judicial Panel of Inquiry (JPI), on the #EndSARS protests in October last year.

EVC of NCC Umar Garba Danbatta, has extolled the virtues of the Late Sarkin Bai of Kano, Alhaji Mukhtar Adnan, who passed away at the age of 95.

 

A court in military-ruled Myanmar jailed deposed leader Aung San Suu Kyi for four years on Monday on charges of incitement and breaching coronavirus restrictions

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