ALL THE RELEVANT NEWS: Wednesday

ALL THE RELEVANT NEWS: Wednesday

๐ŸŸ  Oil prices dropped after President Trump claimed victory in tight U.S. election. Oil turned lower on Wednesday after Trump claimed victory in a tight U.S. election, despite millions of votes still to be counted and a final result not expected for days; Brent crude was off by 8 cents, or 0.2%, at $39.63, after trading between $39.85 and $40.80 at 0755GMT.

๐ŸŸ VP Osinbajo has charged corporate leaders on the adoption and entrenchment of high ethical standards and good governance to engender business sustainability.

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๐ŸŸ COVID-19 Update: Death toll in Nigeria rose by 4 to 1151 on Tuesday, when 137 new cases were recorded. So far, there are 63173 confirmed cases and 59634 recoveries.
* The Presidential Task Force says about 65 % of air passengers returning from abroad fail to present themselves for Polymerase Chain Reaction (PCR) test as required by guidelines.
* FG plans to set up a modern vaccine production company in Nigeria to encourage licensed indigenous production of the coronavirus vaccines.
* N50bn has been released to the states to fight the pandemic.
* WHO reports the number of deaths increased from 41,000 as at October 26 to 43,000 by November 3.
* Lagos state warns there might be another lockdown if there is a surge in COVID-19 cases.

๐ŸŸ Finance Minister Ahmed has projected that โ€œbased on existing approval, Nigeriaโ€™s debt could rise to N32.51 trillion by December 31, 2020, and N38.68 trillion by December 31, 2021.โ€

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๐ŸŸ NNPC confirms explosion at OML 40, says no casualties but a significant damage to the marine storage vessel, MT Harcourt, which will impact production by about 10,000barrels of oil per day.

๐ŸŸ NEC Ad-Hoc Committee to engage with youths, civil society organizations, and different strands of leadership across the nation in the wake of the recent protests has commenced work.

๐ŸŸ IGP Adamu visited Lagos on Tuesday, lamented the extent of damage caused by hoodlums and boosted the morale of policemen.
Lekki shooting: LCC tenders footage, says camera stopped recording at 8pm.

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๐ŸŸ FG says U.S. obtained Nigeriaโ€™s permission to rescue her citizen.

๐ŸŸ NCC has granted approval for MTN Nigeria and 9Mobile to carry out trials on the workability of e-SIMs in Nigeria; assigns 357 million telephone numbers to operators.

๐ŸŸ Defence Headquarters says the troops have eliminated 75 Boko Haram/Islamic State for West African Province (ISWAP) terrorists in North-East within one month.

๐ŸŸ  Gov Wike redeems N200m pledge to families of 10 security personnel killed in Rivers.

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๐ŸŸ Former FIRS chairman, Babatunde Fowler, has returned to EFCC for a second round of interrogation.

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