03 Dec ALL THE RELEVANT NEWS :Thursday
🌍Highlights of FEC Meeting: The Federal Executive Council (FEC) meeting, chaired by President Buhari yesterday, approved N120,717,387,596 for the execution of projects in different parts of the country.
* About N117.5 billion of the total was for the reconstruction of roads and bridges. Other approvals include:
* Procurement of a core banking application software for Federal Mortgage Bank of Nigeria in the sum of N487, 394,285.71 to enable it provide all the frontline services that other banks now provide nationwide.
* Furnishing the newly completed technology building, a data and communication command and control centre; to also serve as the service headquarters of the Nigeria Immigration Service; and the purchase of 44 operational vehicles for newly promoted Nigeria Immigration Service (NIS) officers and patrol duties.
* Approval of N200,192,200 for irrigation projects along the banks of River Niger; and the award of contract for a dedicated power line for middle Oke-Ogun irrigation project phase one in Iseyin, Oyo State.
🌍NEW: Oil gains as OPEC+ resumes talks: Brent crude was up 21 cents, or 0.4%, at $48.46 a barrel by 0802 GMT. Prices were headed downward this morning but rose as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic
🌍Femi Gbajabiamila has said President Buhari has pledged to honour an invitation from the lower chamber to explain what he is doing about the rising wave of insecurity in the country.
🌍COVID-19 Update: Nigeria recorded 122 new cases , 409 recoveries and one death on Wednesday and FG constituted a vaccine committee. The new pandemic numbers are therefore, 67,960 confirmed cases; 63,839 recoveries; and 1,177 deaths.
🌍Minister of Health Ehanire has constituted a National Task Team on COVID-19 vaccine, with the responsibility to acquire and deploy vaccines in the country.
🌍Managing Director, Bank of Industry, Kayode Pitan has said the Federal Government’s Micro, Small and Medium Enterprise survival fund for the transport sector will benefit from all those people who transport businesses in each state across the federation.
🌍Education Minister Adamu Adamu, on Wednesday inaugurated a Federal Government committee to renegotiate the agreements it entered in 1999 with university-based unions.
🌍FG now says automobile owners will pay up to N250, 000 for conversion targeted at enabling their vehicles run on gas.
🌍FG has launched the Commodity and Export Department Young Professionals Programme (CED-YP) to enable young Nigerian professionals build and network skills needed for public administration expertise.
🌍CBN has introduced special bills as part of ongoing efforts to absorb excess liquidity and deepen the financial market ; also issued fresh guidelines on the management and payment of diaspora remittances to recipients, mandating the international money transfer operator (IMTO) to ensure that transfer funds are deposited in “the agent bank’s correspondent account”.
🌍The Naira on Wednesday exchanged to the dollar at 490/$ in the parallel market, after it had sold for N500 on Monday.
🌍IMF says all countries receiving emergency financing must commit to a safeguards assessment of their central banks.
🌍Amotekun arrest suspected killers of Ondo monarch.
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