30 Sep ALL THE RELEVANT NEWS: WEDNESDAY
* Oil prices fell for a second day early today, extending large losses from the previous as rising coronavirus cases heading into the northern winter prompted concerns about further restrictions on activity that could curb fuel demand; Brent crude for November delivery dropped 40 cents, or 1%, to $40.63 per barrel by 0635 GMT.
* President Buhari, yesterday, inaugurated the 326 KM Itakpe-Ajaokuta-Warri rail line for commercial operation.as well as the ancillary facilities yard at the recently named Goodluck Jonathan Railway Complex in Agbor, Delta State.
* In separate letters to the National Assembly, he: requested the Senate to confirm the elevation of eight Justices to Supreme Court
* He sought the confirmation of appointment of eight nominees of the Federal Competition and Consumer Protection Commission
* Sought confirmation of the appointment of six nominees of the National Pension Commission.
* He replaced the nomination of Peter Gana (Niger) and Yusuf Mohammed (Yobe) with Muhammed Manta and Yusufu Yunusa from Niger and Yobe States respectively as ambassadors.
* He asked the National Assembly to approve the refund of N148 billion to Ondo, Bayelsa, Cross River, Osun and Rivers States for federal road projects the 5 states executed.
* Buhari to present 2021 budget next week; transmits the new Petroleum Industry Bill to the National Assembly.
* VP Osinbajo says in a bid to broaden and enhance the efficacy of FG’s whistle-blower policy, there should be an expansion of the scope of the current framework to include issues of public safety, security, gross mismanagement of the rights of people, and waste of resources, among others.
* Finance Minister Ahmed says FG has so far recovered over N700 billion from the use of the whistleblower policy as Nigeria moves to formalise it through legislation.
* P&ID: London Court orders release of $200m guarantee to Nigeria; CBN says that has led to a rise in the nation’s foreign reserves
* The Senate and House of Representatives resume after a two-month break; commit to speedy passage of the 2021 budget, the Petroleum Industry Bill; and to review of the constitution;
* House of Representatives withdraw Water Bill for reconsideration.
* NNPC says it is focusing on growing the nation’s domestic gas utilization for balanced economic growth.
* NERC suspends electricity tariff hike for 14 days.
* Shell says it will cut 7,000 to 9,000 jobs as part of a major restructuring plan to shift the oil and gas giant to low-carbon energy.
* Access Bank to adopt a Holding Company structure
* FG to embark on nationwide decongestion of Correctional Centres.
* Justice Isa Ayo Salami has described as false and mischievous, reports that he regretted serving as the chairman of the Judicial Commission of Inquiry investigating Ibrahim Magu.
* COVID-19 Update: Nigeria records 187 new cases on Tuesday; till date, 58, 647 cases have been confirmed, with 49, 937 recoveries and 1111 deaths; 509,555 of Nigeria’s 200 million have been tested.
* The Presidential Task Force again warns against being misled about low daily cases into complacency; calls for more testing in states.
* Nigeria Institute of Medical Research (NIMR) has developed a molecular test kit named the SARS-COV-2 Isothermal Molecular Assay (SIMA) to produce results in less than 40 minutes.
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