Russia on Tuesday became the first country to officially register a coronavirus vaccine and declare it ready for use, despite international skepticism. President Vladimir Putin said that one of his daughters has already been inoculated. Putin emphasized that the vaccine underwent the necessary tests and has proven efficient, offering a …
Read More »UK Investigates COVID-19 Risks for Black Citizens
Various studies are being undertaken in the United Kingdom (UK) to find out why black and ethnic minorities in the country appear to be more susceptible to COVID-19 than the white population. UK government statistics have shown that people from minority ethnic groups, particularly South Asian and Black and African …
Read More »Oil Prices Fall on Demand, Oversupply Concerns
WTI crude futures traded lower at $41.0 per barrel on Tuesday, as investors fear that a fresh wave of COVID-19 infections around the world could hamper the global economic recovery and fuel demand. Already, cities from Manila to Melbourne have announced a reversal of the latest reopening efforts to combat …
Read More »World Coronavirus Cases Top 18mn
The number of people infected with the coronavirus across the world surpassed 18 million, of which at least 689 thousand people have, according to data released by the Johns Hopkins University. In the US, the epicenter of the disease, the number of infections rose by 47.5 thousand in the last …
Read More »Nigeria Donates N67m PPEs to Sao Tome and Principe
Nigeria has donated protective equipment and other medical supplies worth N67 million to the government and people of Sao Tome and Principe. The donation followed a request by the government of that country to aid it in effectively managing the COVID-19 pandemic which is ravaging the World. Mr Tukur Maigari, …
Read More »South Africa Gets $4.3bn from IMF to Fight Pandemic, First Funding in 26 years
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $4.3 billion to help fight the coronavirus pandemic in South Africa. This amount, which represents 100% of South Africa’s quota in the Fund, was granted under the Rapid Financing Instrument to meet the country’s urgent balance of …
Read More »AfDB Approves $27mn to Boost African Union’s COVID-19 Response Initiative
The African Development Bank on Friday 24 July approved $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize continental response to curb the COVID-19 pandemic. The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and …
Read More »Oil Prices Swing on U.S Virus Concern
Oil prices were mixed on Tuesday, as investors weighed a weakening of the dollar that makes crude cheaper for global buyers as well as the prospect of further support from governments and central bankers to prop up their economies from the COVID-19 crisis against a resurgence of virus cases in …
Read More »Buhari Seeks Support from Nigerians in Diaspora as Remittances Hit $25bn
President Muhammadu Buhari has urged Nigerians in the Diaspora to actively participate in the country’s Post-COVID-19 economic recovery efforts, the presidency has disclosed. In a video message to commemorate this year’s Diaspora Day, observed on July 25 of every year, President Buhari appealed to his compatriots, whose home remittances exceeded …
Read More »Brazil Records over 50,000 Covid-19 Cases for Third Consecutive Day
Brazil has recorded over 50,000 new cases of the COVID-19 in a 24-hour period for the third day in a row, the Health Ministry said in Brasilia Friday. An increase of 55,891 cases was announced, as well as 1,156 more deaths from the virus. In total, more than 2.3 million …
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