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The US Records 1.9% Rise In Trade Deficit Despite Trade War With China
The Biden’s administration has recorded a commendable win as new reports details the record-breaking rise in goods importation in January that pushed the trade deficit 1.9 percent higher despite Covid-19. The gap between imported goods and exported goods rose to $68.2bn from $67bn in December, the US Department of Commerce reported Friday. Exports rose 1…
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Interpol Seizes Fake Coronavirus Vaccines in China and South Africa
International police agency has revealed that 400 vials of vaccine doses were recovered from a warehouse in South Africa. The international police agency said in a statement on Wednesday that 400 vials, equivalent to about 2,400 doses, containing the fake vaccine were found at a warehouse in Germiston outside Johannesburg in South Africa, where officers…
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Facts On Nigeria’s N10.6 Billion Budget For Covid-19 Vaccine Distribution
A new document detailing a total of N10.6 Billion budgeted for the efficient distribution of the recently acquired Covid-19 vaccine has made the rounds in the news recently. The document titled, ‘Estimated Budget for States Rollout of COVID-19 Vaccines (end-to-end),’ was reportedly exclusively obtained by The Punch. While the document in question was not revealed,…
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New Research Finds Men More Likely To Die From Covid-19
According to a preliminary analysis by the World Health Organization (WHO) carried out in 28 African countries, women are slightly less likely to die from COVID-19 than men. The analysis which is based on gender-sensitive COVID-19 epidemiological data provided by countries revealed that women account for around 41 per cent of COVID-19 cases but with…
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Nigeria Relaunches First Electric Car In Abuja
Stallions Motors has launched Nigeria’s first fully assembled local electric car at an elaborate ceremony at the Sheraton Hotel, Abuja. The Hyundai KONA has an exceptional electric driving range of up to 300 miles, a 64 kWh battery life and a touch screen entertainment system. In attendance at the unveiling were dignitaries like the Minister…
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China Sets Economic Growth Target Above 6%
The Chinese government is aiming for an economic growth rate above 6% in 2021, after only managing a 2.3% growth in 2020. The second largest economy in the world is setting this target to mark its return to strong growth after the impact of the Covid-19 pandemic. The economy led a sharp 6.8% contraction in…
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Rwanda Becomes First African Country To Receive Pfizer Vaccine
On Wednesday, February 3, 2020, Rwanda became the first African country to receive the Pfizer-BioNTech coronavirus vaccine from the COVAX initiative. According to the Ministry of Health, a flight carrying 240,000 doses of the AstraZeneca/Oxford vaccine produced by the Serum Institute of India landed at the Kigali International Airport in the morning hours of Wednesday…
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COVAX Ships First Batch Of Covid-19 Vaccine To Nigeria
On Tuesday, March 2, 2021, Nigeria received its first batch of the AstraZeneca/Oxford vaccine, manufactured by the Serum Institute of India(SII) and shipped via the COVAX facility. As reported by the News Agency of Nigeria (NAN), the United Nations(UN) system in Nigeria told reporters that the COVAX initiative had fulfilled its shipping of 3.94 million…
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COVAX Has Delivered Over 9 Million Doses Of COVID-19 Vaccines To Africa
As Covid-19 vaccination continues to thrive globally, the COVAX initiative has so far shown done commendably well in leading the largest vaccine procurement and supply operation in history. As of the time of this publication, COVAX has shipped 9,044,000 doses of Covid-19 vaccines to African countries, reaching some of their target of 270 million doses…
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Experts Say Green Energy Could Cost Oil States $13 Trillion By 2040
As efforts to contain the rise in global temperatures drive the decarbonization of energy supplies, new report has shown that the shift to green energy could cost oil and gas producing countries $13 Trillion by 2040. It says some countries could lose at least 40% of total government revenue. Carbon Tracker’s report is likened to…