Data from the Central Bank of Nigeria has shown that Nigeria’s diaspora remittances rose in the first quarter of the year, Q1’22, by 20.3 percent, Year-on-Year. This is an increase to $5.16 billion from $4.29 billion in the same period of last year, Q1’21. CBN’s data shows that remittances from Nigerians working abroad have been […]Read More
Shortly after Covid-19’s destructive impact on the global economy, the Russian invasion hit the world, further worsening the economic outlook for vulnerable economies. Africa, already drowning in debt is left with no choice but to borrow more if it must survive these challenging times. According to the African Development Bank… You must be registered to […]Read More
In November 2021, a mid-to-late stage study showed that an antiviral medication was nearly 90% effective in preventing hospitalisations and deaths in adults at high risk of severe illness. By December, the Paxlovid was cleared for Emergency Use Authorization (EUA) by the Food and Drug Administration (FDA) in America and… You must be registered to […]Read More
South Africa is the latest country on the continent to repeal Covid-19 restrictions, signalling an end to the fifth wave of the virus in the country. Health Minister, Joe Phaahla told relevant authorities to ease off on enforcing covid-19 restrictions, including limiting the size of gatherings and mandatory indoor masks, as Covid-19 cases and reported […]Read More
According to the World Health Organisation, in its 2022 Energy Progress report, 568 million Africans are living without access to electricity and clean energy. WHO said the impact of the COVID-19 pandemic is adversely affecting the progress of universal energy access, designed to attain the Sustainable Development Goal of ensuring access to affordable, reliable, sustainable […]Read More
Comoros is an archipelago of four islands located at the northern end of the Mozambique Channel between Madagascar and the eastern coast of Africa. The economy of Comoros was hit hard by the adverse effects of the COVID–19 in 2020 after being hit hard in 2019 by Cyclone Kenneth. Covid-19 restrictions and curfews enforced in the […]Read More
The World Bank has projected that the number of poor people in Sub-Saharan African countries can hit 463.6 million in 2022. This, the apex bank said, is due to the COVID-19 pandemic and the ongoing war in Ukraine. The projection was made through research by a group of World Bank economists, with the findings published […]Read More
The World Bank has estimated that the number of poor Nigerians is projected to hit 95.1 million in 2022. This projection is coming as the number of Nigerians falling below poverty line continued to increase since 2015, the Washington-based bank said. It said this in its report titled, ‘A Better Future for All Nigerians: 2022 […]Read More
Despite an exceptionally high deposit of natural resources, immense biodiversity and hydropower potential, the Democratic Republic of Congo(DRC) have the third-largest population living below poverty lines. Internal conflict, economic downtimes and the global hike in fuel prices have sparked the worst inflation rates in DRC since the peak of the… You must be registered to […]Read More
On the night of Feb. 27, 2020, Nigeria reported its first case of COVID-19 in the country. The case was an Italian citizen who works in Nigeria and returned from Milan, Italy to Lagos, Nigeria on the 25th of February 2020. He was confirmed by the Virology Laboratory of the… You must be registered to […]Read More
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