WEDNESDAY 27TH MAY 2020

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Barkindo Cautions against Flouting OPEC Production Cuts Shell shuts Bonga oilfield for maintenance Ejiofor Alike in Lagos and Emmanuel Addeh in Abuja with agency reports Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC),

Mr. Mohammed Barkindo, has urged member countries not to flout last April’s deal to cut their crude oil production quotas, despite recent noticeable improvement in the international market.

However, to ensure that statutory activities that would guarantee continuous optimum operations at the Bonga export terminal are executed, Shell Nigeria Exploration and Production Company

(SNEPCo) has shut down the terminal used to evacuate crude oil from the 225,000 barrels per day capacity Bonga deepwater oilfield for routine maintenance. Barkindo, who spoke with

Energy Intelligence, according to the international oil cartel yesterday, also advised OPEC+ members to remain committed to the pact, triggered by a number of factors, including the COVID-19 pandemic, not

to “take their foot off the gas,” now that things appear to be picking up. Nigeria announced in April that it will join OPEC+ to cut Continued on page 9

Capital Importation Rises by 54% to $5.85bn in Q1... Page 5 Wednesday 27 May, 2020 Vol 25. No 9179. Price: N250

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NAFDAC Disagrees with WHO on Chloroquine Clinical Trials Says data shows drug effective in early stages of COVID-19 Tests end in September Jonathan asks Africa to look inward for solutions FG increases testing laboratories to 28 276 new infections raise tally to 8,344 with 2,385 persons discharged, 249 dead US company begins clinical trial of vaccine Martins Ifijeh Notwithstanding the decision of the World Health Organisation (WHO) to suspend clinical trials of Hydroxychloroquine and Chloroquine for the treatment of COVID-19, the National Agency for Food and Drug

Administration and Control (NAFDAC) will continue the experiment in Nigeria, the agency's Director-General, Prof. Mojisola Adeyeye, has said. She said yesterday on a Lagos-based private broadcast Continued on page 9

INEC Rules out Electronic Voting until Constitution is Amended Chuks Okocha in Abuja

The Independent National Electoral Commission (INEC) yesterday clarified that there cannot be any electronic voting in Nigeria until the 1999 Constitution as amended is further amended to authorise it. The commission also said the COVID-19 pandemic had increased the cost of elections

in the country and conversely reduced sources of government revenue. It, however, promised to find a balance between the increased cost of elections and reduced revenue to conduct the Edo and Ondo States governorship elections. Reacting to reports that the commission will introduce Continued on page 9

RAGE OF FIRE... Delta State Governor, Senator Ifeanyi Okowa, during his inspection of Ogbeogonogo Modern Market, Asaba, gutted by fire…yesterday

Presidency Dismisses Alleged Cancellation of Kyari's Memos by Buhari... Page 5


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