Public Enlightenment: COVID-19 Second Wave is no joke in Nigeria!

COVID-19 Second Wave

Public Enlightenment: COVID-19 Second Wave is no joke in Nigeria!   By Professor Adetokunbo Fabamwo It has been clear for some weeks that Nigeria is experiencing the second wave of the COVID-19 outbreak. There has been a rapid and steady rise in the number of positive cases reported daily as well as a rise in the positivity rate. The positivity rate rose from an average of about 8% in November and presently stands at an average of 28%. The disease is affecting both the young and the elderly and some…

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Immigration Service says NIN compulsory for e-passport issuance

NIN compulsory for e-passport issuance

Immigration Service says NIN compulsory for e-passport issuance   The Nigerian Immigration Service has clarified its position on the on-going registration of Nigerians on the National Identity Numbers (NIN), saying that obtaining the number is compulsory for issuance of enhanced e-Passport. Muhammad Babandede, The Comptroller General of the Service (CGIS) who announced this, said the NIN which is generated by the National Identity Management Commission (NIM) must be provided by all applicants for international passport. He explained that providing the NIN by all applicants for enhanced e-passport would “enable successful…

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Trump without Twitter: Will he move to the ‘Trumpnet’?

Trump Without Twitter

Trump without Twitter: Will he move to the ‘Trumpnet’?   By Brian Contreras Parler. Gab. Rumble. MeWe. DLive. Over the last four years, a small constellation of newish social media sites and web platforms has found favor with those on the political right who see the heavy hand of censorship in Facebook’s and Twitter’s tightening policies against hate speech and violent rhetoric. Now, with President Trump “permanently suspended” from Twitter and indefinitely locked out of Facebook in the final days of his presidency, this fringe ecosystem — call it the Trumpnet — may be poised to…

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IMF lowers China’s growth in 2021; warns of financial dangers

MF forecasts higher GDP growth for Nigeria at 2.5%

IMF lowers China’s growth in 2021; warns of financial dangers   The International Monetary Fund (IMF) on Friday lowered its 2021 growth forecast for China to 7.9 per cent, following a year of “significant human and economic costs” inflicted by the Covid-19 crisis. The figure is slightly below the 8.2 percent the IMF earlier predicted, although China has been pegged as the only major economy likely to expand in the face of the coronavirus. Also, China urgently needs to take steps to contain financial stability risks as the economy’s recovery…

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Oil price hits $55 per barrel; sets 11-month high record

Oil price hits $55 per barrel

Oil price hits $55 per barrel; sets 11-month high record Raises hope for Nigeria’s 2021 budget Saudi’s voluntary output cut to thank   The international oil benchmark, Brent crude, extended its gains on Friday, rising above $55 per barrel, in what is a potential boost to Nigeria’s crude oil export revenue. Brent crude, against which Nigeria’s oil is priced, hit an 11-month high of $55.41 per barrel as of 2:50pm Nigerian time on Friday, trading more than $15 higher than the Federal Government’s benchmark for the 2021 budget. The 2021…

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Who is the richest person in the world? It’s ELON MUSK!

Bitcoin surges 11% over $43,000 on Tesla News

Who is the richest person in the world? It’s ELON MUSK! A new answer has just been provided to the age long question: Who is the world’s richest person? Or who is the richest person in the world? To be the answer to this question is an arduous task and to remain the answer over time is even more difficult. A new record for the World’s richest person has just been set by Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX. He is now the richest person on…

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Earning Forecast: Unity Bank targets N341 profit in Q1 2021

Unity bank KPIs

Unity Bank targets N341 profit in Q1 2021 Projects N9.32bn Gross Earnings; N312m PAT   Unity Bank Plc has disclosed that it is expecting to rake in N341 million as pretax profit at the end of its first quarter operations in 2021. While the financial institution expects to fulfill tax obligations estimated at N28.99 million from the pretex gain, it has pegged profit after tax (PAT) for the period at N312 million. In its Q1 earning forecast obtained from the Nigerian Stock Exchange (NSE), Unity Bank has also said it…

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Crypto market cap surpasses $1trn for first time

Bitcoin Price

Crypto market cap surpasses $1trn for first time   The total market value of all cryptocurrencies rose above $1 trillion for the first time on Thursday as Bitcoin surged to a record high, according to data by crypto coin trackers CoinMarketCap and CoinGecko. Bitcoin has jumped more than 900% to $38,655 on Thursday, from $3,850 in March, as governments increase speeding to blunt the economic impact of the coronavirus. This has raised fears about rising inflation and U.S. dollar debasement. The cryptocurrency is also gaining traction with more mainstream investors…

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