Tag: COVID-19

Uganda to destroy $7.3m worth of expired Covid vaccines
News

Uganda to destroy $7.3m worth of expired Covid vaccines

An audit report has revealed that Covid vaccinations worth 28.1 billion Ugandan shillings ($7.3 million; £5.8 million) are due to be withdrawn from health facilities and destroyed. According to the report, the Ugandan government obtained around 5.6 million doses of these COVID-19 vaccines through a World Bank loan. The report submitted to parliament on Tuesday by Uganda’s Auditor General, […]

Boris Johnson hands over WhatsApp messages to COVID inquiry
News

Boris Johnson hands over WhatsApp messages to COVID inquiry

Former Prime Minister of The United Kingdom, Boris Johnson’s long-awaited WhatsApp messages from his old phone will finally be handed over unredacted to the COVID inquiry, as confirmed by his spokesperson. The spokesperson stated, “The timing of any further progress on delivery to the inquiry is therefore under the Cabinet Office’s control.” The COVID inquiry, […]

IATA welcomes CBN's release of $265m to airlines
Aviation

Ukraine: Nigerian airlines, others to lose $700m, says IATA

The International Air Transport Association has said that Nigerian airlines and others across Africa will lose $700 million in 2022 due to a combination of the Russia-Ukraine war and COVID-19. This was disclosed at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar. IATA said that inflation, interest and […]

Economy

Inflation to push 15 million Nigerians into poverty –World Bank

The World Bank has said that inflation shock is projected to push about 15 million more Nigerians into poverty between 2020 and 2022. The Washington-based bank said this in its latest Nigeria Development Update report, titled, ‘The Continuing Urgency of Business Unusual’. The report read in part, “Overall, the ‘inflation shock’ is estimated to result […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN’s intervention funds fuelling inflation, World Bank warns

The World Bank has said the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the short term and weakening the ability of the apex bank to control inflation. According to the global bank, the CBN’s continued provision of subsidised funding to certain sectors has to slow down as it is undermining the […]

Investment Real Estate

Canada to ban Nigerians, others from buying homes

Canada is set to ban Nigerians and other foreigners from buying homes for two years as prices of real estate properties soar in the North American country. The measure will help the country provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market, Bloomberg reported Thursday. According […]