Forecast
Celsius co-founder declares his equity is ‘worthless’ in court
A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless.” In a Monday document to the United States Bankruptcy Court, law firm Kirkland & Ellis LLP filed a declaration on behalf of Celsius Co-Founder Daniel Leon, confirming his status as a substantial shareholder and declaring that his 32,600 common shares are now considered worthless. #CelsiusNetwork #CelsiusBankruptcy Here’s a new one — a declaration of “wothlessness” was just filed by Daniel Leon , one of the cofounders. The Declaration was filed by K&E. https://t.co/OHldovdhBZ — David Adler (@DavidJAdler1991) September 5, 2022 A declaration that a particular stock or common share is “worthless” generally occurs when shareholders in a company...
Minister: Nigeria needs N1.89 trillion to eradicate malaria
The federal government has said that it will require N1.89 trillion to successfully implement the new five-year strategic plan aimed at eradicating malaria in Nigeria. It said that about N352 billion out of the amount is required for the year 2021 programme implementation. In his address to mark this year’s World Malaria Day, the Minister of Health, Dr. Osagie Ehanire, said the target set out in the National Malaria Strategic Plan of 2021 to 2025 is to achieve less than 10 per cent parasite prevalence and reduction in mortality attributable to malaria to less than 50 deaths per 1,000 live births by 2025. He said: “The implementation of the New Strategic Plan will cost N1.89 trillion. About 63.1% of the total amount will be used to support Chemoprevention, diagnosis and treatment, while 35....
Nigerian government gets revenue boost as oil prices near $60
File Photo Nigeria revenue profile may get a further boost in the days ahead as oil prices near $60 per barrel in a move propelled by the Organisation of Petroleum Exporting Countries (OPEC). U.S. West Texas Intermediate crude oil futures rose to their highest levels in nearly a year on Friday with Brent traders zeroing in on the psychological $60 a barrel level on economic revival hopes led by strong compliance with the planned output cuts by OPEC+. Also contributing to the gains were a government report that showed another draw in crude stockpiles, optimism over a speedier U.S. economic recovery on the prospect of additional stimulus from Washington and a successful rollout of the U.S. vaccination program. OPEC+ maintained its oil output policy at a meeting last Wednesday, a sign produce...
Scottish leader promises to hold ‘legal’ independence vote
Scotland’s First Minister Nicola Sturgeon has said she will push ahead with plans to hold a “legal” referendum on independence from Britain if her party secures a majority in polls later this year, despite London’s opposition. The post Scottish leader promises to hold ‘legal’ independence vote appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...
World Bank: Pandemic to push over 115 million people into extreme poverty
A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
Vietnam begins human trial of home-grown coronavirus vaccine
Human trials began on Thursday for Nanocovax, Vietnam’s first home-grown COVID-19 vaccine, a Director of a National Medical Research Centre said. “In the first phase, we will choose a group of 60 volunteers. This morning, we have finished vaccinating three people. “They will be monitored for three days, and if they remain in good condition, we will continue to vaccinate the rest.’’ Ho Anh Son, Deputy Director of the Military Medical Research Institute, told dpa. The trial is the first of three phases of testing for the vaccine. The second phase will involve testing on between 400 and 600 volunteers, according to the Health Ministry’s reports. Researchers told local media that an independent monitoring organisation will be hired to ensure the safety of volunteer participants and guarantee t...
