Nigeria’s health minister announced a second case of the novel coronavirus in the country on Monday. The second patient had come in contact with the first case, an Italian citizen who travelled to Africa’s most populous country last month, the health ministry said in a statement. The Italian man, who is said to be “clinically stable” by health officials, visited two states before he was diagnosed with the virus in late February. Health officials have been working against the clock to trace all those who came into contact with him. Those that have been traced will remain in isolation while tests are conducted, the country’s National Centre for Disease Control (NCDC) said. Meanwhile, the NCDC said it had contacted the United States Centers for Diseases Prevention and Control about a Nigerian citizen who tested positive in the country. “The patient’s travel history shows that the likelihood of his infection while in Nigeria is very low,” the NCDC said urging citizens to remain calm.
President Buhari has set up a committee to review the 2020 budget crude oil benchmark following an emergency meeting over the falling crude oil price. At a meeting attended by Godwin Emefiele, governor of the Central Bank of Nigeria and Zainab Ahmed, the minister of finance, budget and national planning; Timipre Sylva, the minister of state for petroleum; Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation, and Clement Agba, the minister of state for budget and national planning, the president set up the committee to be headed by Ahmed. The committee is expected to review the crude oil budget benchmark and submit its report on Wednesday at the federal executive council meeting. Other members of the committee are Emefiele, Sylva, Kyari and Agba. The 2020 budget proposal was prepared with $53 as the crude oil budget benchmark. The approved budget has $57 as the crude oil benchmark. Crude oil was trading at $36.85 per barrel as at 1620 hrs WAT on Monday
Sudan’s Prime Minister Abdalla Hamdok has survived an assassination attempt in the capital, Khartoum, according to state media. “An explosion hit as Prime Minister Abdalla Hamdok’s car was driving by but thank God no one was hurt,” Ali Bakhit, the prime minister’s office director, said on Monday. There was no immediate claim of responsibility. Footage posted online showed two white vehicles used by Sudan’s top officials parked on a street, damaged with their windows broken. Another vehicle was badly damaged in the blast. The convoy appeared to have been targeted from above, the witnesses said. Mr Hamdok is a respected former UN economist and says one of his main priorities is to solve Sudan’s economic crisis. He was appointed by Sudan’s Sovereign Council, made up of six civilians and five military officers, to lead a three-year transition to civilian rule after Mr Bashir was ousted.
Investors in Nigeria’s stock market lost ₦329 billion at the end of trading on Monday following the commencement of an oil price war amid rising cases of coronavirus. The All-Share Index of the Nigerian Stock Exchange dipped by 591 basis points or 2.4 per cent to close at 25,647.54 bps while the market capitalisation of equities depreciated from ₦13.69 trillion on Friday to ₦13.365 trillion as market sentiment remained negative. Thirty-nine companies recorded price depreciation at the close of trading on Monday while only one stock gained.Global stocks plunged and prices for crude oil tumbled as much as 31 per cent after Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for the safety of bonds and the yen.