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News Now on iBrandTV: NIGERIAN YOUTHS THREATEN FRESH PROTEST | PETROL PRICE HIT N190 – Crypto News

News Now on iBrandTV: NIGERIAN YOUTHS THREATEN FRESH PROTEST | PETROL PRICE HIT N190

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#NEWSNOW

#FGRESTATESCOMMITMENTONPOVERTY, #UNEMPLOYMENT

The Federal Government in the earlier hours of today reiterated its commitment to lift more Nigerians out of poverty and unemployment this year. The Manager, Small and Medium Enterprises Development Agency of Nigeria in Ekiti, Mr. #TomiIkuomola gave the assurance at the closing of the agency’s training for entrepreneurs.

#50YEARSANNIVERSARY: #BUHARIWRITESPRESIDENTOFCHINA

Meanwhile, President Muhammadu Buhari has written to his Chinese counterpart, President Xi Jinping to commemorate the 50th anniversary of the establishment of bilateral ties between Nigeria and the People’s Republic of China.

#AUMUSTBEREFORMED TO STAY RELEVANT – PRESIDENT BUHARI

And President Muhammadu Buhari has called for a comprehensive reform of the structures and operations of the African Union, to make it more functional in meeting targets, warning that the organization would become stale, except it becomes more result-oriented.

#NIGERIANYOUTHSTHREATENFRESHPROTEST

Following the decision to reopen the Lekki Tollgate by the Judicial Panel of Inquiry set up by the Lagos State government to investigate the October, 2020, #Lekkishootingincident, Nigerian youths earlier today took to one of the micro-blogging sites, ‘Twitter’ calling for a fresh protest, insisting that justice must be done before the reopening of the Tollgate. The call for the protest has led to the creation of #OccupyLekkiTollGate which has been trending on Twitter.

BUSINESS

#BITCOINHITSRECORDHIGH ABOVE $43,000 AFTER #TESLAINVESTMENT

And in business, #Bitoin hit a record-high above $43,000 in the early hours of today after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,700 before cooling slightly to $42,300.

#CRYPTOCURRENCIESBREEDILLEGALACTIVITIES, RAISE RISKS – CBN

In business, the #CentralBankofNigeria has expressed concerns over cryptocurrencies as channels for promoting illegal activities among other risks. It said this in a statement regarding various comments and reactions following its recent reminder to Deposit Money Banks to desist from transacting in/and with entities dealing in cryptocurrencies. The CBN stated that the recent regulatory directive became necessary to protect the financial system and the generality of Nigerians including the youth population from the risks inherent in crypto assets transactions, which have escalated in recent times, with dire consequences for the integrity of the financial system and financial stability.

PETROL PRICE TO HIT N190 AS OIL NEARS $60

The upturn in global oil prices last week has again brought to the fore marketers’ concerns over the non-implementation of the full deregulation of the downstream petroleum sector as the pump prices of petrol have been left unchanged for more than two months. Top officials of two major marketers’ associations who spoke with journalists said the continued increase in oil prices had brought back petrol subsidy. Meanwhile, the sustained increase in global crude oil prices had pushed up the landing cost of imported petrol closer to the current pump prices of the product in Nigeria, and appeared to have triggered a return to petrol subsidy era. Fuel marketers had in December expected another upward adjustment of PMS prices to reflect the further rise in crude oil prices, which closed at $51.2 per barrel on December 31.

FOREIGN

DR CONGO ANNOUNCES #RESURGENCEOFEBOLA

And the Democratic Republic of Congo on Sunday announced a “resurgence” of the Ebola virus in its troubled east after a woman had died of the disease, just three months after authorities declared the end of the country’s previous outbreak. The woman is said to have died on February 3, after which a sample of her blood tested positive for Ebola, according to the republic’s health ministry. The Democratic Republic of Congo declared on November 18 the end of its eleventh Ebola outbreak, which claimed 55 lives out of 130 cases over nearly six months in the northwestern province of Equateur.

SPORTS

#2022WORLDCUP TO BE PLAYED IN FULL STADIUMS – #QATAR

The Qatari 2022 World Cup organizers have insisted that matches will be staged in stadiums operating at 100 per cent of capacity even as the global fight against the coronavirus drags on. In Tokyo, organizers of this year’s rescheduled Olympics have insisted their tournament will go ahead, but infectious diseases experts question the safety of hosting it before the virus is comprehensively defeated. Meanwhile, Qatar is currently hosting the Club World Cup of regional champions as the country sees a spike in coronavirus cases and hospital admissions.

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