The highest financial institution in the country, Central Bank of Nigeria, has has made it known that it’s website is working perfectly and not under any form of attack. The Central Bank of Nigeria thereby noted that it’s website is secured.In a post signed the bank promised stakeholders and the entire populace that the CBN’ website is properly functioning and that members of the public should disregard any contrary news in this regard. The CBN thereby urged members of the online community to desist from spreading fake news targeted at questioning the CBN’ integrity. According to the bank, Central Bank…
Author: Adebimpe A.
In his annual general meetings one of the principal staff of the World Bank, David Malpass, has noted that resilient recovery in terms of poverty and inequality reveals the need to double efforts to help the world’s poorest recover from the pandemic. On human capital he noted that COVID19 response will enhance health and education in developing countries. As regards debt burden greater debts and investment transparency should be effected and a debt stock reduction for the poorest countries. He also stated that an inclusive resilient recovery of economies must be initiated and people must allow and embrace change.
A total allocation of #6039.901 billion has been shared to the federal, states and local governments by the Federal Accounts Allocation Committee. The total revenue allocation constituted Statutory Revenue of #341.501 billion, VAT Revenue of 141.858 billion, Forex Equalisation #39.542 billion, Non-oil Excessive Revenue #45 billion, and #72 billion Federal Government Intervention Revenue. The gross statutory revenue was lower than the #531.830 billion realized in the previous month by #190.329 billion. The VAT revenue was also lower than the #150.230 billion available in the previous month by #8.372 billion. Subject to the communique the federal government received #255.748 billion, the…
The Nigerian stock exchange after carefully trading for two days recorded #164 billion growth subject to renewed investors interest.The market capitalization opened at #14.815 trillion and rose by 1.1%. and closed at #14.979 trillion. All- Share index rose by 315.41 points and closed at 28659.45, from 28344.04 yesterday. Total Nigeria has the highest number of shares growing by #10.20 per share and closed at #112.20 per share. Presco followed with #5.40 per share and closed at #65.90 while, Zenith Bank share rose from #1.55 and closed at #21.55 per share. Nasco profited 90k to close at #13, while Guarantee Trust…
The Lagos State Ministry of Health has today released an update on COVID19 situation in the state. The Ministry in a post revealed that a case of COVID19 infection has been discovered in a private school in the state. The Lagos State Ministry of Health confirmed the positive COVID19 case in a boarding school in lekki.The Commissioner For Health in the state, Prof Akin Abayomi, noted that 181 students and staff of a private school situated at lekki have tested positive to the novel coronavirus following the surveillance and medical investigation carried out in the school. According to Prof Akin…
To mark 2020 World Hypertension Day, the World Health Organization (WHO) has today revealed that more than 1 billion people globally live with hypertension (hbp). According to WHO high blood pressure is a major cause of cardiovascular disease and premature death globally.WHO noted that the burden is mostly felt in low to middle income countries where half of those who have the disease are unaware that they have the disease this putting them at the risk of medical complications and eventual death which is avoidable. In lieu of this, the World Health Organization, have released safety medical tips to prevent…
The World Health Organization has created an awarenesses about cervical cancer. According to the World Health Organization, cervical cancer is a cancer that arises from the cervix due to the abnormal growth of cells spread to other part of the body. Even though cervical cancer disease is largely presentable, it is however one of the prominent causes of cancer death in women globally with cervical cancer deaths common in low to middle income countries. The primary cause of cervical cancer is chronic infection with the “HumanPapiloma Virus (HPV), which is very common in adolescents after the first act of sexual…
In a research by the United kingdom’ National Institute For Health it was revealed that a large number of people might be living with a “Long Covid”. Which is a long lasting effect of a Covid-19 infection that affects people psychologically and socially. The research stated that common symptoms of “Long Covid” , are fatigue, malfunctioning of the mental health, irregular breathing, irregularities in cardiovascular health. Subject to the research four different syndromes are responsible for the symptoms of “Long Covid” which are post intensive care syndrome, post viral fatigue syndrome, long-term covid symptoms, and damage to the lungs and…
Morgan Stanley, an American multinational investment bank and financial services company in the Newyork city, has today October 15 2020, rounded up a week of wall street earning reports with results that exceeds analyst expectations in revenue and profits amidst the economic down turn affecting businesses globally. According to the Forbes, the investment bank, generated a third-quarter profit of $2.7 billion, which is $0.5 billion higher than the profit it made last year. The bank drew $11.7 billion revenue in the third-quarter, thus outrunning analyst’ expectation by over $1billion. The profits realized from revenue were orchestrated by the trading division…
The adverse effect of Covid-19 is hitting hard the economies of the world. South- Asia’ economy is one of the economies badly affected by the disease and this affects mostly the informal workers. The recently released economic focus revealed a deeper economic devastation in the region. The South-Asia’ regional growth which is expected to be 7.7% in 2020, is far below the expected percentage. While india, the region’ largest economy is expected to contract by 9.6% in the fiscal year, the regional growth is expected to rebound to 4.5% in 2021. Considering the growth in population, per capital income in…