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Nigeria To Get 3.93 Million Doses Of Covax
Nigeria is expected to receive 3.92 million doses of AstraZeneca vaccine from the COVAX facility between the end of July and early August. Meanwhile, the administration of the second dose of Oxford AstraZeneca Covid-19 vaccine in the country will also end by 25th June 2021. The Executive Director of the National Primary Healthcare Development Agency…
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Nigeria Suffers Electricity Deficit, Clean Fuel, Others
The World Bank has said that Nigeria is among the three countries in the world with the largest electricity deficits in the world. The apex bank said during the last decade, a greater share of the global population gained access to electricity than ever before, however, the number of people without electricity in Sub-Saharan Africa…
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Nigeria To Sell Unused Power To 4 Countries
About four West African countries are in talks with Nigeria to sell unused electricity to them. The electricity would be sold through a planned $570 million Northcore Power Transmission Line. This was disclosed by the acting Managing Director of the Transmission Company of Nigeria (TCN) and Chairman, Executive Board of the West African Power Pool…
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AfDB: $10bn COVID-19 Fund Boosting Africa’s Recovery
The African Development Bank has said the intervention package of its $10 billion COVID-19 relief facility which has it began disbursing since the heat of the pandemic in 2020 is boosting the recovery of several African countries. The Vice President, Regional Development, Integration and Business Delivery Complex, Khaled Sherif, stated this at the bank’s pre-annual…
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OPEC Members Loses $1tr in Revenue In Two Years
Members of the Organization of the Petroleum Exporting Countries, including Nigeria, lost about $1trillion in revenue due to the plunge in oil prices in 2015 and 2016. OPEC’s Secretary-General, Sanusi Barkindo, who disclosed this at the 2021 Nigeria International Petroleum Summit said oil sector investments during the period crashed by $300billion. “In terms of foregone…
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38 Million Nigerian Adults Financially Excluded
A survey has reported that 36 percent of Nigerian adults, or 38 million adults, remained completely financially excluded at the end of 2020. According to a new report by Enhancing Financial Innovation & Access, titled ‘New data from EFInA’, said financial inclusion grew, adding that there was a need for more action. Part of the…
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How Insecurity, Poverty Threaten Education In Nigeria
“I’ve never felt this much pain in my life — it’s unimaginable .At first, they were demanding 800 million naira from the families of the kidnapped students … then they started killing the students to show they were serious,” Ojotun, whose 18 year-old sister was among students kidnapped in Greenfield University, Kaduna, had explained. He…
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How Twitter Promoted Movements In Nigeria (Part 2)
While the ‘indefinite suspension’ of Twitter has generated a lot of concerns in Nigeria, the microblogging platform had, in time’s past, been used to drive opinions of the people to the government or affected agencies. With an estimate of 40 million Nigerians operating on the platform, several movements have been staged through the use of…
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Foreign Stock Investors Withdraw N99.94bn
Foreign investors from the Nigerian stock market pulled out a total of N99.94bn in the first four months of 2021. According to data from the Nigerian Exchange Limited, the foreign portfolio investors injected N78.31bn into the market from January to April. Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the…
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Nigeria Loses More To #TwitterBan (Part 1)
The Nigerian Government on June 4 announced – through the Ministry of Information and Culture– the indefinite suspension of Twitter’s operations in the country. “The Federal Government has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria,” the statements reads This suspension came after Twitter deleted a tweet by President…