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Nigeria’s Foreign Investments Cut To $875m
Nigeria’s Foreign Direct Investment has dropped to $875 million in the second quarter of this year–the lowest since 2016. This is not unconnected to the consistent insecurity threat, tough policies and other important factors that the country faced within the quarter. This was contained in a presentation by the Chairman, Presidential Advisory Committee on the…
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Third Bomb Explosion Kills Two Children In Uganda
Two children have been killed in Nakaseke district, north of Uganda’s capital Kampala after a fruit-like bomb exploded in a children’s playground on Friday. According to reports, the device was shaped like an exotic “jackfruit” and was given to the children while they were playing. A 14-year-old and a second child with disabilities died from…
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Private Hospitals To Charge N6,000 For COVID Vaccines In Lagos
Residents of Lagos, Nigeria would now be charged N6,000 to receive free Covid-19 vaccines from private health facilities in Lagos. Governor Babajide Sanwo-Olu announced the launch of the state’s mass vaccination campaign on Wednesday, October 27, 2021. The governor added that the fee was agreed on as an administrative fee for the private facilities to…
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Military Air Raid In Tigray Kills 10, Including Children
Ethiopia’s military has reportedly carried out another air raid on the capital of the war-torn Tigray region killing ten people and wounding more than 20, according to hospital staff. The government of Ethiopia said the attack on Thursday, the latest in its campaign of air bombardments, hit a factory in Mekelle used by the Tigray…
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Ethiopia Declares State Of Emergency As Rebels Advance Capital
Ethiopia’s cabinet has declared a nationwide state of emergency after Tigrayan rebels seized two crucial towns in an apparent push to the capital. According to state-affiliated media, lawmakers are expected to approve the measure within 24 hours. “The state of emergency is aimed to protect civilians from atrocities being committed by the terrorist TPLF group…
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Climate Change: Global Temperature Rises To 2.7-Degree Celsius
The United Nations has again asked that G20 countries come through on their promise to reduce carbon pollution as the planet’s temperature rises to a catastrophic average of 2.7-degree Celsius in this century. Just days before the COP26 climate summit in Glasgow, the UN’s Environment Programme (UNEP) urged countries to be more committed to greenhouse…
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Transport Fares Rise By 41% Across Nigerian Cities
The National Bureau of Statistics has said that the average transport fare paid by commuters across Nigeria rose by 40.56 percent between September 2020 and September 2021. The average transport fare paid by commuters in September 2020 was N309.73, while the same fare went for N435.36 in September, 2021. NBS revealed this in its Transport…
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Could Syringe Shortage Slow Down Vaccination Drive In Africa?
The United Nation’s fund for children, UNICEF, is predicting an “imminent shortfall” of up to 2.2 billion of the single-use syringes used for Covid-19 vaccination, a report that poses a huge problem for the vaccination drive in Africa. As vaccines begin to flood the continent, the WHO shared that the shortage of both single-use syringes…
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FG Bond Subscription Drops By 25%
In the month of October 2021, the Federal Government bond subscription dropped by 25 percent from N334.32bn in September to N250.71bn. According to the Debt Management Office, the Federal Government’s bonds worth N150bn for October, which were auctioned on October 20, with a settlement date of October 22, were oversubscribed by N100.71bn. The total subscription…
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EU Blocks Funds To WHO in DRC Over Cases Of Sexual Abuse
The European Union has temporarily blocked funding for the WHO in the DRC, following several accounts of sexual abuse by employees of the organization in the central African country. The European Union’s executive in a statement last Friday said it “has temporarily suspended the payments and will refrain from awarding new funding related to the…