TUESDAY 2ND JUNE 2020

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Nigeria Loses N160bn to OPEC Production Cut PPPRA reduces pump price of petrol to N121.50 Emmanuel Addeh in Abuja Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by

members of the Organisation of Petroleum Exporting Countries (OPEC) in May, THISDAY has learnt. However, the impact on gross receipts may be reduced

as the country is expected to close the revenue gap with a substantial increase in the international price of the product, which averaged $37 as of yesterday, following the

relaxation of lockdowns by countries. This is coming as the Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new pump

price band of N121.50 to N123.50 per litre for petrol to reflect the market dynamics in line with the government’s deregulation policy. OPEC+ had agreed to

reduce their overall crude oil production by 9.7 million barrels per day, starting May 1, for an initial period of two Continued on page 9

Presidency Rejects Umar's Allegations against Buhari... Page 8 Tuesday 2 June, 2020 Vol 25. No 9185. Price: N250

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Buhari Relaxes Restrictions on Churches, Mosques, Banks, Hotels Maintains closure of schools, reopens airports to domestic flights June 21 Curfew now 10 pm to 4 am, retains interstate travel ban Kogi gov bows to pressure, locks down Kabba/Bunu LGA 416 fresh cases raise tally to 10,578 with 3,122 discharged, 299 deaths Olawale Ajimotokan, Onyebuchi Ezigbo, Kasim Sumaina in Abuja, Chinedu Eze in Lagos, Ibrahim Oyewale in Lokoja, and Emmanuel Ugwu in Umuahia President Muhammadu Buhari has approved the relaxation of the restriction on places of worship based on guidelines issued by the Presidential Task Force (PTF) on COVID-19 and protocols

agreed by state governments. He has also approved reopening of hotels and the resumption of full banking operation in the financial sector, which hitherto had operated skeletal services in the last two months as a result of measures put in place to mitigate the spread of the virus in the country. These measures are aimed Continued on page 9

Edo APC Crisis Persists as Oshiomhole Insists on Direct Primary National chairman misguided, says Obaseki Iyobosa Uwugiaren, Omololu Ogunmade and Adedayo Akinwale in Abuja The relationship between the Edo State Governor, Mr. Godwin Obaseki, and the National Chairman of the All Progressives Congress (APC), Mr. Adams Oshiomhole, has remained frosty despite the intervention of governors

elected on the platform of the party yesterday. Some of the APC governors, who met with the National Leader of the party, Senator Bola Tinubu in Lagos on Sunday, had also met with the National Working Committee (NWC) of the party in Abuja yesterday. Continued on page 25

SEEKING PRESIDENTIAL BLESSING... Edo State Governor, Mr. Godwin Obaseki (left), and President Muhammadu Buhari, when the governor went to intimate the president with his intention to contest for the All Progressives Congress ticket for the September governorship election in Abuja‌yesterday

INEC: Edo, Ondo Gov Aspirants to File Nomination Electronically... Page 5


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