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NNPC considers suspending crude oil operations as prices drop below production costs

NIGERIA is contemplating suspending oil production for the foreseeable future as a result of the collapse in global petroleum prices brought about by the coronavirus pandemic which has led to crude being produced below production costs.

 

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Historically, big plagues have always been followed by periods of unprecedented economic growth as the lifestyle changes they induce dictate that things are done in a new way

By Ayo Akinfe

(1) Today’s update on Covid-19 is that 2.92m people have been affected worldwide and there have been 203,299 unfortunate deaths. Although the figures are not coming down, at least the spread rate is slowing significantly. I actually believe we are seeing a ray of light at the end of the tunnel

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Author Nkem Akinsoto's charity Si4dev donates relief items to 1,000 families and PPE kits to health workers

NON-governmental organisation (NGO) the Strategy and Innovation for Development Initiative (Si4dev) has launched a N5m development fund to supply essential food items to need Nigerians as its contribution to the fight against the Covid-19 pandemic.

 

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Queen Elizabeth Hospital nurse Esther Akinsanya becomes the latest Nigerian to die in the UK as her sister goes into ICU

NIGERIAN nurse Esther Akinsanya has become the latest member of the UK diaspora to succumb to the coronavirus pandemic after contracting the virus in the London hospital where she worked.

 

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Oyo State to return 1,800 bags of rice to federal government after they were found to be contaminated

OYO State government is contemplating sending 1,800 bags of rice it received from the federal government back to Abuja after tests revealed that they were contaminated and unfit for human consumption.

 

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World Health Organisation appoints Ngozi Okonjo-Iweala as Covid-19 special envoy

FORMER Nigerian finance minister Dr Ngozi Okonjo-Iweala has been appointed as a special envoy for the newly inaugurated Access to Covid-19 Tools (ACT) Accelerator by the World Health Organisation (WHO).

 

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Nigerian laboratory joins the search for a coronavirus vaccine in conjunction with Cambridge University

NIGERIAN laboratory the African Centre of Excellence for Genomics of Infectious Diseases (Acegid) has joined the global race to find a coronavirus vaccine under a joint partnership with Cambridge University in the UK.

 

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Nigeria desperately needs to start using her burgeoning oil stocks to start manufacturing synthetic facemasks and similar products

By Ayo Akinfe

As nobody is interested in buying our crude oil anymore, the only thing we can do with it is start the mass manufacturing a raft of synthetic products and seek to export them.

Our production list should look something like this:

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Lagos State government increases the hazard allowances of health workers to N25,000 from N5,000

LAGOS State government has approved an increase in the hazard allowance paid out to its health workers in the public service in appreciating of their role in fighting the coronavirus pandemic upping their pay to N25,000 ($64) from N5,000 a month.

 

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Nollywood actress Caroline Danjuma sacks member of staff after she contracts Covid-19 from her son

NOLLYWOOD actress Caroline Danjuma has sacked her domestic househelp identified as Oyindamola Alexander after she checked into a Lagos clinic for treatment after allegedly contracting coronavirus from her boss's son.

 

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