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COVID-19 Cases, Deaths Increase After 780m Vaccine Doses Administered
The Director-General of the World Health Organisation, Dr Tedros Ghebreyesus, has raised concerns over increasing cases of deaths and confirmed cases of COVID-19 across the globe. He noted that the increasing figures were being recorded despite 780 million doses of vaccine being administered globally. Ghebreyesus spoke at a media briefing on COVID-19 said that the…
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NBS: People Willing To Get COVID-19 Vaccine Declined
The number of people who are willing to be vaccinated has fallen from 86 percent in October 2020 to 83 percent in February, 2021. The National Bureau of Statistics revealed this in its report titled ‘COVID-19 impact monitoring February 2021’. The report read, “The vast majority of respondents report that they would agree to be…
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BoI Records N35.5bn Profit As Assets Hit N1.8tr
The Bank of Industry has recorded a profit after tax of N35.54 billion for the financial year ended December 31, 2020. Also, its total assets have hit a sum of N1.86 trillion in 2020 from N1.04trillion in 2019. The Managing Director of BoI, Mr Olukayode Pitan, in a statement said the performance demonstrates resilience and…
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PenCom: FG Yet To Comply With Pension Contribution
The National Pension Commission has revealed that the Federal Government is yet to comply with some statutory rate and increase of the pension contribution. PenCom said the Federal government is yet to agree with the new minimum statutory rate of pension contribution of 18 percent since 2014. Also, it was yet to pay approved…
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Report: Corruption, Unemployment, Insecurity Top Nigerians’ Woes
A pan-African survey research network, Afrobarometer, have identified 10 major woes of Nigerians saying corruption, unemployment, insecurity tops the chart. Afrobarometer provides data on African experiences and evaluations of democracy, governance and quality of life. The report, presented by CDD-Ghana through the head of Corporate Communications of NOIPolls, a data research company, Mrs Nelly…
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Expert: Nigeria’s Economy Can Grow Up By To 10% Annually
The former Director, Budgeting Department, Central Bank of Nigeria,Dr Titus Okunrounmu, says Nigeria’s economy can grow by between seven percent and 10 percent annually if the necessary measures are put in place. Okunrounmu made the projection reacting to the International Monetary Fund projection that Nigeria’s economy would grow by 2.5 per cent in 2021. The…
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COVID: Nigeria May Miss N2trn Oil Revenue Target
There are indications that the Federal Government may not meet the N2.01 trillion oil and gas revenue target as captured in the 2021 budget. An expert, Mr Jimi Ogbobine, Head, Agusto Consulting, who spoke at a conference convened by First Bank of Nigeria said this is due to the low energy consumption occasioned by the…
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COVID-19: Only 2% Global Vaccination Done In Africa
The World Health Organization (WHO) said only two percent of global vaccination against COVID-19 has been done in Africa. The agency noted that Africa had less than two percent of 690 million COVID-19 vaccine doses administered globally. Of the 31.6 million vaccines delivered to the continent, only 13 million had been administered. While through the…
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14 States Cross 50% Vaccination Exercises
No fewer than 14 states in Nigeria have currently exceeded the 50 percent benchmark. This is coming after the directive by the Federal Government that states should only utilise half of the doses of the COVID-19 vaccines allocated to them. It explained that the reason for the directive was to ensure that those who…
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DBN Disburses N191.7 Billion Loans In 2020
The Development Bank of Nigeria has said that it the volume of loans disbursed rose from N101.5billion in 2019 to N191.7billion in 2020, a 89 percent increase recorded. It said this in its 2020 financial report explaining that the growth was in line with its mandate of facilitating socioeconomic development by improving financial access for…