The Nation Newspaper Today Headline Monday 3rd August 2020
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 03/08/20
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304 new COVID-19 cases recorded in 14 states, FCT
By Alao Abiodun Nigeria’s confirmed cases of coronavirus reached 43,841 on Sunday night following 304 fresh infections, the Nigeria Centre for Disease Control (NCDC) said in an update. Lagos recorded 81 of the 304 cases, followed by FCT with 39, Abia with 31 and Kaduna 24. Read Also: COVID-19: Anxiety in states as schools get ready …
Ikpeazu sacks commissioner, three council chairmen
By Sunny Nwankwo, Umuahia Abia State Governor Okezie Ikpeazu has relieved the Commissioner of Transport, Ekele Nwaohammuo, of his duties. Transition Committee Chairmen of Aba North (Victor Ubani); Aba South (Cherechi Wogu) and Umunneochi (Mathew Ibe) were also sacked. General Manager of Traffic and Indiscipline Management Agency of Abia State (TIMAAS) Bright Ikeokwu was also …
INEC seeks more powers on election process, primaries
From Yusuf Alli, Managing Editor, Abuja The Independent national Electoral Commission (INEC) has proposed a range of amendments to Electoral Act 2010 (as amended), to enable it have a firmer grip on the conduct of general elections and the supervision of parties’ shadow polls. These proposals are in line with the vision of its chairman, …
Ka3na, Lilo evicted from #BBNaija
By Alao Abiodun The Big Brother Naija lockdown season saw its first evictions on Sunday night with housemates, Ka3na and Lilo leaving the house. As is expected with every season, the eviction show which started around 7:00 pm took an unusual twist. Without much waste of time, the show host, Ebuka announced the four housemates …
Reactions trail $9.5b reduction on imports
By Oluwakemi Dauda Discordant tunes have trailed the Federal Government’s decision to cut its external financing on imports by $9.5billion (17.93 per cent) from $53billion to $43.5billion. Importers, who spoke with The Nation at the weekend, lamented that their sources of foreign exchange were gravely threatened, saying they rely on Nigerians in foreign countries to …
Govt moves to reduce oil production cost to $10
By Taofik Salako, Deputy Group Business Editor The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva, who stated this yesterday at the Seplat Energy Summit 2020 to mark its 10th Anniversary, said …
‘Remove 2 per cent levy from courier, logistic regulation’
By Simeon Ebulu Lagos Chamber of Commerce and Industry (LCCI), has asked the Federal Government to expunge the regulation in the courier service that requires that courier service providers contribute two per cent of their total annual revenue to the Postal Fund which sum shall be used for postal development and delivery of postal services …
Shareholders approve Japaul’s $70m capital raising
By Taofik Salako, Deputy Group Business Editor Shareholders of Japaul Oil & Maritime Services Plc have approved major resolutions authorising the company to change it name, reconstruct its share capital and raise up to $70 million in new capital as part of significant redirection of the company towards growth and profitability. At the annual general …
Nigeria may find new economic strength as gold heads for $2000
By Taofik Salako, Deputy Group Business Editor Nigeria’s economic development may receive significant boost from gold mining as gold prices hit all-time highs, with about 30 per cent price gain so far this year. As part of the economic diversification and reforms in the solid minerals sector, Nigeria had for the first time recently refined …
Forex scarcity takes toll on manufacturing sector
By Collins Nweze The liquidity crisis in the foreign exchange (forex) market is becoming increasingly unbearable as many businesses face challenges with importation of raw materials, equipment, spare parties and other inputs, Director-General, Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf has said. The development, he added, has created a new dimension to the …
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