Many businesses have shut down,” Buhari said. “Many of our citizens have lost their means of livelihood. The president acknowledged that this had partly informed the decision to ease the restrictions. ![]() The decision has taken a toll on economic activities, inflicting financial pain on millions of informal labourers who rely on daily pay to survive. The country first introduced measures to mitigate the spread of the coronavirus on March 30 by announcing a total lockdown of the commercial capital, Lagos, neighbouring Ogun and Abuja. Nigeria, Africa’s most populous country with some 200 million people, has recorded 1,273 cases of coronavirus and 40 deaths. The government in the northern state said preliminary investigations revealed the deaths were caused by complications from hypertension, diabetes, meningitis and acute malaria.Ī volunteer carries food parcels to distribute to vulnerable residents during a lockdown by the authorities in efforts to limit the spread of the coronavirus disease in Lagos Economic burden He also announced an immediate two-week lockdown in Kano, the country’s most populous state, after officials said they were investigating a series of “mysterious deaths”. In a televised speech on Monday, President Muhammadu Buhari said he had “approved a phased and gradual easing of lockdown measures in FCT, Lagos and Ogun states effective from Monday, May 4, 2020”. FCT stands for Federal Capital Territory and includes the national capital, Abuja.īuhari said “the federal and state governments have jointly and collaboratively worked hard on how to balance the need to protect health while also preserving livelihoods, leveraging global best practices while keeping in mind our peculiar circumstances”.īut the president also announced new measures including a nationwide 8pm-to-6am curfew, compulsory wearing of facemasks and a ban on “non-essential” travel between different regions. "It is not known if further restrictions may be imposed in future phases of the lockdown,” MSC said.Īt 5pm today, MSC’s share price closed unchanged at RM2.11, giving the company a market capitalisation of RM844 million.Nigeria has announced plans to ease movement restrictions imposed late last month on three key states in a bid to contain the spread of the coronavirus pandemic. The Government has announced that further phases of lockdown will be implemented, if required. "At this juncture, the company is unable to ascertain the extent of the impact. Today, MSC said the company as a key supplier to the global tin supply chain, has appealed to the relevant Government agencies to be allowed to operate at 60% workforce capacity in adherence with the standard operating procedures set by the Ministry of International Trade and Industry.Īccording to MSC, the temporary suspension of its operations is expected to have an impact on the company’s operations and financial performance for financial year ending December 31, 2021. The PMO said that during the total lockdown, all industries are not allowed to operate except "essential economic and service sectors” which are listed by the NSC. On May 28, the Prime Minister’s Office of Malaysia (PMO) said in a statement that the National Security Council (NSC) had decided to implement phase one of the total lockdown across the country from June 1 until June 14. "Appropriate updates will be furnished in due course as and when the need arises,” MSC said. The company will notify the customers of the termination or cessation of the force majeure notice as soon as we are able to resume the level of operations that will enable MSC to meet its contractual obligations. ![]() "Pursuant to this, all contractual obligations are immediately suspended. In a Bursa Malaysia filing today, MSC said it has issued a notice of force majeure to its customers as the disruption in production will lead to a slowdown in the company’s scheduled delivery of tin. KUALA LUMPUR (June 9): Malaysia Smelting Corp Bhd (MSC) has declared force majeure after suspending its tin mining and smelting operations from Friday (June 4) until Monday (June 14) in line with the Malaysian Government’s implementation of the total lockdown across the country to curb the spread of the Covid-19 pandemic.Ī force majeure declaration aims to free parties in a contract from their obligations due to extraordinary circumstances.
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