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Breaking News: Buhari extends phase two of COVID-19 lockdown by four Weeks

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Nigerian Government on Monday extended the second phased of the eased lockdown for another four weeks.

The chairman of the presidential task force on COVID-19 Boss Mustapha during the daily briefing said that President Muhammadu Buhari has approved the extension of the phased lockdown for four weeks.

Mustapha said his team is “committed to striking a delicate balance between lives and livelihood.”

“Mr. President has carefully considered and approved that with the exception of some modifications, Phase 2 of the Eased Lockdown will be extended for another 4 weeks : 30 June – 27 July 2020,” Mustapha said.

However, the government made some modifications of the phase 2 of the eased lockdown which include the reopening of airports for local flights “as soon as practicable,” reopening of schools for exiting students in secondary schools and the lift of ban on interstate travels.

Mustapha said the reopening of schools was meant to allow students in graduating classes to resume preparation for examinations.

According to him, nationwide curfew from 10pm to 4am is still intact while the use of face masks in public places is still mandatory.

Offices are still meant to be 75 per cent filled while banks retain it’s full working hours.

On Sunday, 490 new confirmed cases and 7 deaths of coronavirus were recorded in Nigeria, having carried out a total daily test of 3,006 samples across the country.

To date, 24567 cases have been confirmed, 9,007 cases have been discharged and 565 deaths have been recorded in 35 states and the Federal Capital Territory.

A total of 130,164 tests have been carried out as of June 28th, 2020 compared to 127,158 tests a day earlier.

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FG To Introduce Tollgates On 12 Highways (Full List)

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In its bid to ensure the regular maintenance of its road network across Nigeria, the Federal Ministry of Works and Housing plans to concession no fewer than 12 federal highways to private entities to manage.

The arrangement would enable the private companies to introduce toll gates on the 12 highways and collect revenue which they would use and regularly maintain such roads.

This information is contained in a document, which Vanguard obtained, yesterday, from the Federal Ministry of Works and Housing in Abuja.

The 12 highways to be concessioned under the Ministry’s “Highway Management Development Initiative”, HMDI, are: Benin-Asaba, Abuja-Lokoja, Kano-Katsina, Onitsha-Owerri, Shagamu-Benin and Abuja-Keffi-Akwanga.

Others are: Kano-Shuari, Potiskum-Damaturu, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta and Lagos-Badagry-Seme Border.

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Again, Elon Musk Becomes the Richest Man In the World

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Just days after Jeff Bezos was named as the richest man in the world, another businessman has overtaken him to reclaim the position.

Elon Musk became the richest man in the world on Friday.

The Tesla chief’s wealth surged to $200 billion after the rocket company, SpaceX he founded completed another funding round, pushing him atop the Bloomberg Billionaires Index for the second time in 2021.

He moved past, Amazon’s founder Jeff Bezos, who is now worth $194 billion and had some days ago earlier reclaimed the title as the world’s richest person this week after Tesla shares plunged.

Recent reports suggest SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.

 

November 15, 2016, filing with the Federal Communications Commission revealed the tech billionaire owned 54% of SpaceX.

Although Bloomberg’s analysis assumes he hasn’t sold his shares in subsequent rounds and that his stake has been diluted to about 47% in proportion to the amount raised. The value is reduced by 15% to account for typical discounts that shares in unicorns attract on the secondary market, according to two brokers.

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All markets in Lagos has been ordered to be closed

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The order was given by the Iyaloja-General, Chief Folashade Tinubu-Ojo as a sign of respect for the former Lagos state Governor, late Alhaji Lateef Jakande.

Chief Tinubu-Ojo told The Nation that the first civilian governor of Lagos state deserved more than that for his giant strides.

She said it was a mark of respect and solidarity in honour of the deceased.

“We are shutting down all markets tomorrow (today) to mourn our father. We all know he was the former governor of Lagos, who dedicated his time to develop the state, and dedicating a day in his honour is a good thing,” she said.

Confirming the directive, Chief Executive Officer of Bolswot Ventures at Oshodi Market, Alhaja Bola Olufowobi, said the Iyaloja-General’s initiative was a welcome idea.

The late Jakande, she said, deserved the honour.

“He was a good man. We are happy with the directive,” she said.

Most street traders around the Idimu axis were not aware, but Madam Beatrice, at Ikotun market, said an announcer went round the market to announce the closure.

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