Africa is heading into a third wave of coronavirus infections as the least-inoculated continent faces a shortage of vaccines. African nations reported 94,000 new cases in the week through June 6, a 26% increase. South Africa announced the most new cases, followed by Tunisia, Africa Centres for Disease Control & Prevention Director John Nkengasong said in an online briefing Thursday. “Fourteen or so of our member states are now heading toward the third wave, and aggressively so,” he said. “It really highlights the need for us to roll out vaccines at speed and at scale.” Only 2.8% of Africa’s population is inoculated, compared with a global average of 14.5%, according to Africa CDC and Bloomberg Economics data. The program has slowed because of interruptions to supply from India, where m...
Iran is temporarily banning cryptocurrency mining after some of the country’s major cities experienced repeated blackouts. President Hassan Rouhani said that the ban would last until September 22nd. The country has experienced summer blackouts in years past, and while the current round of outages is mostly being blamed on a drought that’s affecting the country’s ability to generate hydroelectric power, it seems that the Iranian government is eager to cut down on any aggravating factors. Power-hungry cryptocurrency mining operations, for instance. According to the BBC, Iran operates a program where Bitcoin miners must register with with the government, pay extra for electricity, and sell their coins to the central bank. President Rouhani stated that the legal mining operations in the countr...
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
All Progressives Congress chieftain, Bola Tinubu, says terrible people and strong forces want to break Nigeria’s appointment with its greater destiny by attacking “agricultural players” in the country, thereby creating food scarcity. He spoke on Saturday on the occasion of the 23rd to 25th convocation ceremonies of the Federal University of Agriculture, Makurdi, the Benue State capital. Tinubu was also awarded a honorary doctorate at the event by the university Senate and Governing Council. The former Lagos State governor said, “We approach a defining moment as a nation. A reckoning of special importance beckons. We must decide whether to give the truest meaning to our national motto “peace and unity” or we allow the agents of destruction and merchants of violence to have their way with us...
SpaceX launched its third crew of astronauts to the International Space Station early Friday morning, reusing a Crew Dragon space capsule to fly humans for the first time. The mission, dubbed Crew-2, is the latest flight under NASA’s Commercial Crew Program, and will add four more astronauts to the orbital space station. A used Falcon 9 rocket, last flown for SpaceX’s Crew-1 mission last year, lifted off at 5:49AM ET from Cape Canaveral, Florida carrying Endeavor, the same Crew Dragon capsule that first launched SpaceX’s debut astronaut mission nearly one year ago. For this flight, the Endeavor capsule carried four astronauts from three different countries — SpaceX’s most diverse NASA-managed crew yet. “Off the Earth, for the Earth, Endeavor is ready to go,” NASA astronaut Shane Kimbrough,...
The U.S. State Department on Friday said Washington will de-link its pause on some aid to Ethiopia from its policy on the giant Blue Nile hydropower dam that sparked a long-running dispute between Egypt, Ethiopia and Sudan. U.S. State Department spokesman Ned Price told reporters that President Joe Biden’s administration will review U.S. policy on the Grand Ethiopian Renaissance Dam (GERD) and will assess the role the administration can play in facilitating a solution between the countries. A bitter dispute between Egypt, Ethiopia and Sudan over the filling and operation of the dam remains unresolved even after the reservoir behind the dam began filling in July. “We continue to support collaborative and constructive efforts by Ethiopia, Egypt and Sudan to reach an agreement on the GERD,” P...
File Photo Ahead of the November 6 governorship election in Anambra State, the Chairman of the Pentecostal Fellowship of Nigeria (PFN) in the state, Bishop Moses Ezedebego, has declared that as part of efforts being made by PFN to make meaningful contributions to the development, peace and progress of the state, all eligible voters that worship in pentecostal churches across the 326 wards in the State would be at the polling booth to participate in electing the next governor of the State. Bishop Ezedebego made the declaration while addressing a press conference in respect of a 3-day camp meeting involving Christians leaders from across Nigeria and beyond organized by Maximum Impact Leadership Development Centre with a view to addressing the challenges facing Nigeria particularly poor leade...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...