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What We Know About The New C.1.2 Variant
A new coronavirus variant has been identified in South Africa referred to as the C.1.2 variant. Though not yet classified as a variant of interest or concern by the World Health Organization (WHO), the variant is drawing the attention of scientists due to the number and types of mutations it contains and the speed at…
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How Accurately Is Suicide Portrayed In Nigeria?
Taiwo’s decomposing corpse was found hanging from his rusty brown coloured ceiling fan in his one-bedroom apartment in Igando, a suburb in Lagos Nigeria. A short note was found two days later by his devasted younger sister. “I am sorry but my country has failed me,” the note read. One in every 100 deaths worldwide…
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How Countries Are Losing ‘dollars’ To Twitter Ban
Nigeria Since the Federal government has banned the operation of Twitter in Nigeria, the country has cumulatively lost over N200 billion. The ban which took effect in the country on June 5 has reached 3 months of shutdown. This figure was calculated based on the NetBlocks Cost of Shutdown Tool which reported that it costs…
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Tenets Of The Newly Signed Petroleum Industry Law
President Muhammadu Buhari on Monday, August 16, 2021, signed into law the long-awaited Petroleum Industry Bill as confirmed in a statement signed by Femi Adesina, Special Adviser on Media and Publicity to the President. Before now, there have been various iterations of the Petroleum Industry Law. The PIB started as an omnibus bill back in…
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Six Countries With The Highest Suicide Rate In Africa
About one person in 5,000–15,000 dies by suicide every year, with an estimated global rate of 10.5 per 100,000 population. According to the World Health Organization, one person takes their life every 40 seconds. In high-income countries, male and female rates of suicidal behaviours are different from the rest of the world. While women are reportedly more prone to…
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How Corruption In Nigeria’s Leading Sectors Drive-Up Poverty Rates
Would things get better? Every election term, Nigeria’s citizens vote in a new set of public office holders, again setting themselves up for the worse. As poverty rates climb higher and the gap between the rich and poor grows wider, one thing is unflinching; Corruption. Budget fraud, procurement fraud and outright embezzlement in sectors like…
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Which Are The Strongest African Currencies?
Factors such as interest rates, economic policies and stability influence the strength of any currency according to financial experts. Currencies with relatively higher interest rates attract foreign investors, increasing demand and price, thereby making them more robust and tradable. In Africa, some currencies fall in this category. A country’s economic policies also help to keep…
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Which Are The Weakest Currencies In Africa?
Africa’s economy like the rest of the world continues to face prolonged depression due to the breakdown in much-needed commerce as a result of the ongoing Covid-19 pandemic. Some countries have devalued their currencies in order to foster economic growth, but this has not done much good. A weakened currency gives rise to inflation and…
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INFOGRAPHICS: How GDP Rose In Three Months
The National Bureau of Statistics in its GDP Report for the second quarter of 2021 published that Nigeria’s Gross Domestic Product grew by 5.01 percent in the three month. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of…
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INFOGRAPHICS: How Capital Importation Fell In Three Months
The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021. Between January to March of the same year, Nigeria had a capital importation of $1.91 billion. The bureau stated that this represented a decrease of 54.06 percent compared to Q1…