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-Crude Oil Prices Drop Below $40/Barrel

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Crude Oil Prices Drop Below $40/Barrel

-Crude oil prices dropped below the $40/barrel at Asia’s trading session. The price slide was triggered by the surge in covid-19 caseloads globally and the U.S dollar gaining strength.

At the time this report was drafted, Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel for the first time since June. West Texas intermediate crude lost about 0.73% to trade at $36.49 per barrel.

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Covid-19 caseloads continue to rise in many parts of the U.S, larger parts of Europe, and India where the infection rates has not been capped, in spite of restrictions observed in the affected geopolitical zones. The number of global cases as now approached 27.5 million as of September 9, according to johns Hopkins university data.

The Covid-19 onslaught has faded the hopes of oil traders envisaging a quick economic recovery that would fuel demand for gasoline and other oil derivatives.

After months of a gradual low volatility price melt-up, the rapid fall in prices has hit the complex like a sledgehammer.

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Customs Corner

Nigeria Customs office adamawa Under attack by hoodlums

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Suspected Hoodlums, on Monday, looted Adamawa Custom Office, the eye witness said hoodlums where seen in their numbers breaking anything that stand in their way, carting away consumable and non-consumable items.

 

residents of Lagos and Ogun state turn vigilantes  as hoodlums raids

nigeria customs checkpoint at agbara attacked by suspected hoodlums/

attack on akbc and facilities in uyo watch video

lagos task-force arrests hoodlums cultists seize motorcycles

 

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Naija News

NBC Fines Channels, AIT, Arise TV Over #EndSARS Coverage

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The National Broadcasting Commission, NBC, has sanctioned Africa Independent Television, AIT, Arise Television, and Channels Television for what it called a gross violation of the broadcast code, top of which is the use of unverifiable online video footages on social media.

The sanction, according to the Acting Director-General of the Commission, Armstrong Idachaba, will be a fine not less than two million Naira.

He warned that this will be the last warning before a heavier sanction will be introduced.

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Governors Forum Sues for Accurate Dissemination of Information

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Governors Forum Sues for Accurate Dissemination of Information

The Nigeria governors’ forum (NGF) have refuted claims of hoarding palliatives meant for distribution in various states of the country.

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In a statement by the head, media & public affairs of the NGF, Abdulrazaque Bello-Barkindo, the forum while pleading with the public to desist from spreading rumors said a lot of the information circulating the social media needs to be fact checked.

The statement said “the NGF reemphasizes and corrects the impression that palliatives found in warehouses that were broken into in Lagos and some other states were kept in storage for members of the society especially our vulnerable citizens.”

According to the statement, the erroneous impression in the public domain that these palliatives were hoarded is not just inaccurate, entirely erroneous and untrue but also mischievous, to say the least.

Until mid-October, when the NGF  had its last meeting, up to ten states had not participated in the flag-off ceremonies for the distribution of palliatives in their states. This was because the items meant for distribution in these states had not been completely received from CACOVID, the forum said.

The governors also explained that some other states that still had palliatives in their warehouses chose to keep a strategic reserve ahead of a projected second wave of covid-19.

The NGF assures all contributors to the palliatives that prior to the looting of these ware houses, states had kept full accounts of all the items received and distributed.

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#EndSARS: 23 Police Officers on Trial for Human Right Violation in Lagos State

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COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

GALLANT OFFICER

Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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