TUESDAY 31 MARCH 2020

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Buhari Exempts Financial Services Operators from Lockdown CBN suspends clearing of cheques Nigerian banks’ foreign subsidiaries post strong earnings Obinna Chima in Lagos and James Emejo in Abuja The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, and the

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said they had obtained exemptions from President Muhammadu Buhari to allow very skeletal

operations in the financial system and money markets in order to keep the system in light operations during the period of restriction in Lagos, Ogun, and Abuja.

The president had in a broadcast on Sunday locked down the two states and the federal capital, beginning from last night in order to curb the escalation of COVID-19 in the

country. The exemption comes as the boost in lending and other business activities have propelled higher earnings for the foreign subsidiaries of four

of Nigeria’s tier 1 banks, the full year audited results of the financial institutions have shown. Continued on page 9

NEITI: Nigeria Earned $32.63bn from Oil Sector in 2018...

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Tuesday 31 March, 2020 Vol 25. No 9122. Price: N250

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President Signs COVID-19 Regulations Our Correspondents

GLO JOINS THE FIGHT... Representative of Chairman, Globacom, Chief Mike Adenuga Jnr., Mrs. Bella Disu (left), and Lagos State Governor, Mr. Babajide Sanwo-Olu, during the presentation of N500m donation by Adenuga Jnr. to support the state government's fight against COVID-19 in Lagos...yesterday

president's media adviser, Mr. Femi Adesina, said the regulations, which took effect from yesterday, March 30, 2020, would serve as a legal backing to various measures unveiled by the president during his national broadcast on March 29, 2020. The statement also said such measures like the restriction/ cessation of movement in Lagos, Federal Capital Territory (FCT) and Ogun

President Muhammadu Buhari last night in Abuja gave legal teeth to his Sunday night directive that has locked down Lagos and Ogun States as well as the Federal Capital Territory (FCT), by signing the Covid-19 Regulations 2020 in accordance with Sections 2, 3 and 4 of the Quarantine Act (CAP Q2 LFN 2004). The regulations declared Covid-19 as a dangerous and State, among other decisions infectious disease. Continued on page 9 A statement by the

NCDC Traces 6,000 Contacts as COVID-19 Cases Rise to 131 Deaths increase to two Lagos discharges five more patients Oyo gov tests positive Buhari applauds Tinubu, Adenuga, Enenche, NNPC, others over contributions

Our Correspondents

The Nigeria Centre for Disease Control (NCDC) is now tracing 6,000 people in Lagos and Abuja suspected of having contact or being in proximity with those that have tested positive for COVID-19.

The figure, released yesterday by the agency, showed an increment of 1,630 over the number of people being traced as at last Thursday. Besides, the NCDC also Continued on page 9

Police IG Sets up Panel to Investigate Akure Explosion...

FIGHTING THE PANDEMIC... Page 8

New equipment in Ogun State COVID-19 Isolation and Treatment Centre, Ikenne. Inset: Ogun State Governor, Prince Dapo Abiodun (left), and Commissioner for Health, Dr. Tomi Coker, during the inspection of the 128-bed centre…yesterday


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