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Minister: When Nigeria receives coronavirus vaccines doesn’t lie in our hands
Since the beginning of January 2021, Nigeria has been expecting the delivery of COVID-19 vaccines, but nothing has happened to date. The World Health Organisation, WHO and GAVI, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations, CEPI, came up with the COVAX initiative to ensure that low and middle-income countries have access to vaccines. But COVAX has not given a precise date for when it will begin distributing the vaccines. Nigeria has put all its hopes on the COVAX Facility. The federal government is also expecting some vaccines from the Africa Union arrangement, expected to deploy from March. This development has attracted criticisms about the government’s readiness and commitment towards ensuring the timely vaccination of Nigerians against the dreaded pande...
Red Cross: Ethiopia’s embattled Tigray region ‘largely inaccessible’
Ethiopia’s embattled northern region of Tigray remains largely inaccessible, the International Red Cross said Wednesday. The situation has led to starvation deaths, the organization said. “Eighty percent of the Tigray is unreachable at this particular time,” president of the Ethiopian Red Cross Society, Abera Tola, told a press conference. “People in Tigray need everything: food and food items, water and sanitation, medical supplies, and mobile clinics. And humanitarian organizations need access to Tigray to reach the most vulnerable. And this is a call to hold the parties involved: give us safe and unhindered access, respect our teams, respect the medical doctors, respect the health facilities, respect the health workers”, said Francesco Rocca, president of the International Federation of...
Apple’s App Store hosting multi-million dollar scams – developer
Mobile app developer Kosta Eleftheriou has a new calling that goes beyond software development: taking on what he sees as a rampant scam problem ruining the integrity of Apple’s App Store. Eleftheriou, who created the successful Apple Watch keyboard app FlickType, has for the last two weeks been publicly criticizing Apple for lax enforcement of its App Store rules that have allowed scam apps, as well as apps that clone popular software from other developers, to run rampant. These apps enjoy top billing in the iPhone marketplace, all thanks to glowing reviews and sterling five-star ratings that are largely fabricated, he says. Up to now, I’ve been in the “Apple *wants* to do the right thing” camp. My viewpoint is starting to change. How to spot a $5M/year scam on the @AppS...
32 killed in road pile-up in Uganda
Thirty-two people died and five were injured on Tuesday when a truck carrying mourners collided with a car and three other vehicles in Uganda, the Ugandan Red Cross said. The post 32 killed in road pile-up in Uganda appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Economist: Official exchange rate may depreciate to N420 to the dollar
The managing director of Financial Derivatives Company, Bismarck Rewane, has projected that the naira will depreciate to N420 against the dollar on the official window by the end of 2021. Rewane was speaking at a virtual event tagged ‘Vantage Forum 2021’, organised by The Elevation Church (TEC) on Saturday. The economist also projected that the naira will exchange at N470 to the dollar at the parallel market. At present, the naira trades at N480/$ at the parallel market and N380 at the official rate operated by the Central Bank of Nigeria. This, he said, is based on a worst-case scenario where Nigeria produces 1.5 million barrels per day (bpd) with an inflation rate of 16.15 percent in the full year. “In the worst-case scenario, it goes the other way, in all cases you find that the average...
NHIS: Sokoto received N518 million Health Intervention Fund
Nasir Sambo, the Executive Secretary, National Health Insurance Scheme (NHIS) said the Buhari administration has disbursed N518 million to Sokoto State Government in 2020 as National Healthcare Intervention Fund aimed at enhancing the lives of vulnerable persons in the society. Speaking to newsmen on the sidelines of the official commencement of the Basic Healthcare Provision Fund (BHCPF), Mr. Sambo said the federal government remained committed to attainment of mandatory Universal Health Coverage (UHC) toward ensuring improved healthcare to citizens. He stressed that the federal authorities was committed to achieving the global Sustainable Development Goals (SDGs). The executive secretary noted that the National Health Act enshrined one percent from accrued consolidated national revenue f...
#EndSARS: It’ll take long to rebuild destroyed property – Governor Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos State, said, yesterday, that it would take the state time to rebuild the properties destroyed during the EndSARS protests. This came on a day the Lagos State government disclosed that the 2021 budget of N1.164 trillion would be funded from a revenue estimate of N971.028 billion in the fiscal year, with a target on the expansion of tax nets. Governor Sanwo-Olu stated this while briefing State House correspondents, after meeting behind closed doors with President Muhammadu Buhari, at the Presidential Villa, Abuja. He said the meeting dwelt more on the second wave of the Coronavirus pandemic, security situation and the impact of the #EndSARS protests in the state. On rebuilding Lagos after the EndSARS protests, he said: “It is also some of the things I dis...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
Nigeria most expensive for upstream projects – NNPC chief
The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil production. Its activities include exploration, drilling, and extraction. Kyari made this known at the Nigerian Content Tower in Yenagoa, Bayelsa State during a review meeting with the Permanent Secretary, directors and chief executives of agencies in the Petroleum ministry. According to him, “Nigeria is one of the most expensive territories in the world for upstream projection and part of the corporation’s mandate is to reduce cost by at least five percent. “We have reduced costs substantiall...
