ALL THE RELEVANT NEWS: TUESDAY

ALL THE RELEVANT NEWS: TUESDAY

* COVID-19 Update: The NCDC confirmed 136 new COVID-19 cases and 3 deaths in Nigeria on Monday; Lagos topped the list of states with 71 new cases, followed by Rivers with 23, and Plateau with 12; so far there 58460 cases with 49, 895 recoveries and 1111 deaths. Globally, there are 33,547,896 confirmed cases, 24,876,292 recoveries and 1,006,351 deaths.

* After receiving an update on Mali from former President Goodluck Jonathan, President Buhari says Heads of State and Government of ECOWAS, at the behest of their Chairman, President Nana Akufo-Addo of Ghana, may confer again to discuss outstanding grey areas in the situation.

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*Buhari advocates for global cooperation amongst countries in the fight against illicit financial flows worldwide;

* Buhari to inaugurate Itakpe-Warri rail line virtually today.

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* VP Osinbajo calls for overhaul of international tax system to curb illicit financial flows

* Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the US economy; Brent crude futures also fell 17 cents, or 0.4%, to $42.26 a barrel at 0120 GMT, after rising 1% on Monday.

* Minister of State, Petroleum Timipre Sylva has explained that contrary to earlier reports, NNPC will not be scrapped but commercialized in the new Petroleum Industry Bill.

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* Nigeria’s foreign exchange reserves fell by $69.11 million week-on-week to $35.75 billion as of September 25, 2020.

* ICPC Chairman Bolaji Owasanoye says the Commission had found about N2.67 billion meant for school feeding during lockdown in private bank accounts.

* Humanitarian ministry dissociates self from diverted school feeding funds

* FG decries level of carnage on Nigerian roads; to ban oil trucks with capacity above 45,000 litres.

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* The National Bureau of Statistics (NBS) has started a census of commercial and industrial businesses to create a database for interventions that will ease the effects of the COVID-19.

* FG launches ‘digital Nigeria’ portal, mobile app. (8) Minister of State Clem Agba says FG has rolled out emergency agricultural projects to diversify the non-oil sector of the Niger Delta region.

* HealthPlus, Chicken Republic, others locked in ownership tussles with private equity investors and venture capitalists; Wakanow, AIC, PathCare on similar path as local founders allege forceful takeover by PEs, VCs.

* Farouk Salim has taken over at SON as the new Director-General/Chief Executive.

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*Representatives of Nigeria’s Organised Private Sector (OPS) have kicked against any move that would lead to the reversal of the new electricity tariffs and deregulation.

* Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to recover N10 trillion from FG agencies.

* The 36 states have approached the Supreme Court to set aside the Presidential Executive Order No. 00-10 of 2020 on the funding of the courts.

* Nigerian Immigration Service to deploy a 2,000-strong Special Force in the North-West.

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* INEC has commenced replacing manual voting with automated voting system, as part of the efforts to migrate fully to electronic voting as soon as enabling legislation is put in place.

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