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10 top stories from Nigerian newspapers, Friday morning, November 20, 2020

  1. Senate President debunks allegation of N2b bribe to confirm INEC chairman The Senate President, Ahmad Lawan, has described the allegation that he collected N2 billion to facilitate the confirmation of Professor Mahmoud Yakubu for a second term as Chairman of the Independent National Electoral Commission (INEC) as spurious and existing only in the imagination of purveyors of fake news.
  2. FG to consider ASUU splinter group’s application for trade union membership The Federal Government on Thursday directed a ministerial committee to review within four weeks, the application filed by the Academic Staff Union of Universities (ASUU) splinter group, Congress of University Academics (CONUA), for registration as antrade union.
  3. ‘We stand by our report on shooting of #EndSARS protesters,’ CNN replies Nigerian govt The United States-based Cable News Network (CNN), said on Thursday its report on the October 20 shooting of #EndSARS protesters by soldiers in Lekki area of the state was “carefully and meticulously researched.”
  4. ASUU to ‘resist’ attempt to slow down integrity test on preferred payment platform. The Academic Staff Union of Universities (ASUU) on Thursday vowed to resist any attempt by the Federal Government to elongate the conduct of integrity test on its preferred payment platform, University Transparency and Accountability Solution
  5. Police release #EndSARS protester, Eromosele from detention Police on Thursday released an #EndSARS protester, Eromosele Adene, from custody in Lagos.
  6. NSE: Sell pressure in bank stocks steers market to N91.106bn loss Profit-taking in bank stocks on the Nigerian Stock Exchange (NSE) Thursday cost investors N91.06 billion, partly reversing the gain reported at the session before, with Stanbic, GTB and Zenith.accounting for much of the loss alongside Presco and Dangote Sugar.
  7. GTB’s nine month profit drops by 3.2% as loan impairment, operating costs hurt earnings Guaranty Trust Bank Plc has reported a marginal drop of 3.2% in profit after tax for the nine-month period to September 2020, compared to the corresponding period of 2019, with higher loan impairment charges and soaring operational costs hurting earnings.
  8. Nigeria’s LPG storage hits 69,698MT but remains well below local demand The domestic storage capacity of Nigeria’s Liquefied Petroleum Gas (LPG) now stands at 69,698 metric tonnes (mt), after the completion of construction works at a new terminal of Techno Oil Limited, Minister of State for Petroleum Timipre Sylva said on
  9. Oil dips as soaring COVID-19 cases dampen vaccine hope; Bonny Light gains $1.53 Oil prices weakened Thursday, with an uptick in COVID-19 infections and stricter curbs on economies around the world fuelling worries over weaker fuel demand, casting shadow on optimistic vaccine reports.
  10. Guardiola signs new deal with Man City, to stay until 2023 Manchester City manager, Pep Guardiola has signed a two-year deal that will see him remain at the club until the end of the 2022-23 season.