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Insight On The Implications Of Re-Opening The Lekki Toll Gate
On Saturday, February 7, 2020, the nine-man Lagos State Judiciary Panel authorised the reopening of the Lekki Toll Plaza just days after the Nigerian Army pulled out of the panel of inquiry. While the panel approved the re-opening of the toll, youth representatives on the panel have protested, insisting the toll gate “remains shut”. A…
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Could Crypto Trading Be Nigeria’s Economic Messiah?
Data sources from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data might alarm you if you still think crypto trading is scam, this data most definitely shows a high level of interest among the city’s approximately 21 million people. What…
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UK To Offer Help To 1.4M Firms Repaying Covid Loans
Chancellor of the Exchequer, Rishi Sunak has announced that small firms would get more time to repay state-backed loans taken out to help survive the coronavirus lockdown. The changes include giving companies an option to extend the length of the loan from six to ten years under a “pay-as-you-grow” initiative. Sunak said the move was…
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A New Pandemic? Here’s All You Need To Know About The Nipah Virus
While the world focuses on the novel coronavirus, new reports are cautioning on a potential outbreak of another virus called the Nipah Virus. First reported in Nipah, Malaysia in 1998, outbreaks have subsequently occurred in parts of North East India, Singapore, Philippines and most recently China. The Nipah virus outbreak in China had a fatality…
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A Look At Global Expectations For 2021
At the beginning of the year, many hoped for economic recovery and of course accessibility to vaccines. While some of our expectations might be slowly coming through, here is a look of the general public’s expectation for 2021 as researched by Ipsos. Despite the terrible loses of last year, 2020 and the first month into…
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Fact-Check : WHO Did Not Disqualify Nigeria From Global Vaccine Bid
Contrary to the news making the rounds, The World Health Organisation (WHO) has not disqualified Nigeria from the global vaccine bid. According to Public Health Epidemiologist and WHO Representative, Kazadi Mulombo, Nigeria as a member state of the COVAX facility can not be disqualified from accessing an approved vaccine for their population. The Truth? Matshidiso…
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Data On Common Types Of Cancer In Africa And The US
Cancer is one of the leading causes of morbidity and mortality worldwide, with approximately 14 million new cases in 2012 with the number of new cases expected to rise by about 70% over the next 2 decades. In 2015, cancer was the second leading cause of death, responsible for 8.8 million deaths globally. Approximately 70%…
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CBN Bans Crypto Trading In Nigeria
The Central Bank of Nigeria, CBN, has instructed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs), Non-Bank Financial Institutions (NBFIs) and local financial institutions to stop transactions in crypto or facilitate payments for crypto exchanges. The directive was given in a letter addressed to all DMBs, OFIs and NBFIs dated February 5, 2020. The circular…
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UK Fashion Industry Struggles For Survival Following Prolonged Travel Ban
Over 400 figures have signed an open letter to the prime minister warning that the post-Brexit red tape and travel restrictions threaten the survival of the UK fashion industry, insisting that most firms are now looking to relocate to the EU. The sector worth £35bn to the UK and employs one million people, majorly depends…
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Economic Consequence of Hike in Nigeria’s Unemployment Rates
In 2019, Nigeria’s unemployment rate stood at 23.1 percent of the workforce in the third quarter, up from 18.1 percent of the previous year. In 2020, Nigeria’s unemployment rate came in at 27.1 percent, the highest on record which the government blamed on the coronavirus pandemic and the fall in global oil price. Facts however still remain that restive…