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Coronavirus: FRSC tasks transport stakeholders on adherence to protocols

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Coronavirus: FRSC tasks transport stakeholders on adherence to protocols

The Federal Road Safety Corps (FRSC) Akwa Ibom Command has urged transport unions and fleet operators in the state to ensure compliance with Nigeria Centre for Disease Control guidelines and protocols at motor parks.


The Command’s Sector Commander, Mr Oga Ochi, who made the call during a  meeting with the unions and operators in Uyo on Friday, urged them to also follow FRSC guidelines.

Ochi urged the groups at the meeting to collaborate with the agency in preventing the spread of Coronavirus pandemic.

He said that the lifting of ban on interstate travel by the federal government should be seen as a measure to revive the economy, which required all hands to be on deck.

“The transport operators, especially the executives of the transport unions, must endeavour to comply with the directives as FRSC is poised to partner with all relevant stakeholders in ensuring safety and strict compliance to the guidelines of the Presidential Task Force (PTF) on COVID-19,” Ochi said.

He listed observance of social distancing, reduction of loading capacity by 50 per cent, use of face mask by drivers and passengers, prohibition of use of air conditioner on public transport, intensive hygienic system and use of alcohol-based hand sanitisers.

The sector commander also cited washing of hand with soap under running water, starting from the entrance of the park.

He said there must be total compliance to all the guidelines to ensure safety at various parks.

Ochi said that the command would deploy operatives to monitor compliance level in all the motor parks and along the routes, stressing that defaulters would be apprehended.

In a remark, Mr Timothy Udoh, Chairman Itam Central Motor Park commended the Sector Commander and the agency for the sensitisation.

Udoh said that the transport unions would do their best in ensuring compliance with COVID-19 protocols.

He said that the major challenge would be operators of illegal motor parks who had the tendency of violating laid down guidelines.

The chairman called on the agency to assist in curbing the menace of illegal motor parks with its attendant consequences on the innocent commuters.

Edited By: Edwin Nwachukwu/Oluwole Sogunle (NAN)

Isaiah Eka: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Foreign

BP posts second-quarter post-tax loss of $16.8bn

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Global energy giant BP on Tuesday reported a post-tax loss of 16.8 billion dollars in the second quarter amid lower oil prices and writedowns.


The loss compared to a post-tax profit of 1.8 billion dollars in the April to June period a year ago.

The company said that costs for writedowns of inventories and exploration charges weighed heavily on the results.

Second-quarter oil prices were down by over one half compared to a year ago in the wake of the coronavirus pandemic and a oil price war between Saudi Arabia and Russia earlier this year.

“These headline results have been driven by another very challenging quarter, but also by the deliberate steps we have taken as we continue to reimagine energy and reinvent BP,” chief executive Bernard Looney said.

By the end of decade, Looney said BP would be investing around 5 billion dollars in low-carbon projects a year, and during the same period expected daily oil and gas production to drop by 40 per cent from 2019 levels.

The company said it would cut its dividend payout for the first time since the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.

Shareholders were to receive 5.25 United States cents per share, compared with the previous quarter’s 10.5 United States cents per share.

Edited By: Emmanuel Yashim (NAN)

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Economy

Revival of ailing industries will strengthen currency -Expert

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Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen the value of the Naira among world currencies.


Amahah stated while reacting to the fall of the Naira amid COVID-19 pandemic during an interview with the News Agency of Nigeria in Abuja on Tuesday.

The Naira exchanged for about N387 to a dollar in the foreign exchange market as at Aug. 3.

He advised the Federal Government to also sustain the tempo in its diversification drive in different sectors of the economic to further boost the economy.

He said that the revamping of all ailing industries in agriculture, textiles, IT, education among others would create more jobs, open investment as well as raise the value of the Naira.

“The fall of the Naira did not just happen overnight. When Naira was stronger was when we had Peugeot Automobile Nigeria, Volkswagen Nigeria, Dunlop Nigeria Ltd, Michelin Nigeria, Bata and Lennards.

“Our Naira had value when we had Nigerian Airways, Steel Rolling Mills; Osogbo Steel Rolling Mill, Ajaokuta steel, Arewa Textile Mill, BEREC Batteries, General Motors and Kingsway among others,” he said.

Amahah, who is the Chief Executive Officer of Strategy Worth and Technology (SWAT), lauded Federal Government for its move to revive Ajaokuta Steel Company.

The expert said the commitment by the Central Bank of Nigeria to revive Nigerian Cotton Textile and Garment industries was the right step in the right direction.

Edited By: Ismail Abdulaziz (NAN)

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Coronavirus

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

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Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns.


This is just as major producers ramp up output.

United States West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.7 per cent to $40.71 a barrel at 0414 GMT, while Brent crude futures fell 37 cents or 0.8 per cent to $43.78 a barrel.

The slide comes after WTI rose 1.8 per cent and Brent climbed 1.5 per cent on Monday on better-than-expected data on manufacturing activity in Asia, Europe and the United States.

The activity is showing factories were emerging from the worst of the early coronavirus pandemic impact.

“On the demand side, we had quite encouraging global manufacturing (data) … but there’s still quite a bit of evidence of the oil demand recovery stalling in quite a few markets with a resurgence of COVID-19,’’ said Lachlan Shaw, Head of commodity research at National Australia Bank (NAB).

Denting fuel demand, cities from Manila to Melbourne are tightening lockdowns to battle new infections, while Norway has stopped cruise ship traffic in the latest European travel alarm.

In a further sign of a patchy rebound in demand, analysts estimate United States refined product stockpiles rose last week, according to a preliminary Reuters’ poll ahead of data due from the American Petroleum Institute industry group later on Tuesday and the United States government on Wednesday.

Five analysts estimated, on average, that United States inventories of gasoline rose by 600,000 barrels.

Distillate stockpiles, which include diesel and heating oil, likely grew by 800,000 barrels, while crude stocks fell by 3.3 million barrels in the week to July 31.

At the same time producers in the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, are stepping up output this month, adding around 1.5 million barrels a day of supply.

United States producers also plan to restart shut-in production and inventories remain near historical highs.

“I think it is fair to say that most oil market participants expected more downward pressure on oil to start the week with COVID-19 ravaging the landscape and OPEC+ adding more barrels into play,’’ said Stephen Innes, Chief Global Markets Strategist at AxiCorp, in a daily note.

AIB

Edited By: Abdulfatah Babatunde (NAN)

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Foreign

Algeria to reopen mosques for public – President

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Algerian President Abdelmadjid Tebboune late on Monday announced that his country “is reviewing the possibility to reopen mosques for the public,’’ the official APS news agency reported.


The president made the remarks during a meeting of the High Security Council attended by top military and security officials as well as cabinet members to assess the COVID-19 epidemic inside the country.

Tebboune instructed Prime Minister Abdelaziz Djerad to programme a gradual reopening of mosques.

He added that the first phase of the programme will be limited to 1,000 large mosques in the country, which “will be able to allow the essential physical distancing with the imperative wearing of masks by all’’.

The prime minister was authorised to estimate the reopening of beaches and other places for recreation and relaxation.

Mosques, beaches and parks in the country have been closed since mid-March, as part of measures taken by the authorities to stem the spread of the COVID-19 epidemic.

AIB

Edited By: Abdulfatah Babatunde (NAN)

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Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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