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NSIA Targets $100Mn Investment In Nigeria’s Health Sector

Following the positive impact of its interventions in Nigeria’s healthcare system over the past two years, the Nigerian Sovereign Investment Authority (NSIA) on Thursday disclosed that it planned to invest, in collaboration with its partners, about $100 million in its Diagnostics and Oncology Expansion Programme for critical medical facilities in the country. The NSIA’s Managing […]

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World Bank Supports Countries With $31.7Bn For Climate Change

The World Bank Group has disclosed that it committed the sum of $31.7 billion this financial year (FY2022) to help countries address climate change challenges. The Washington D.C-based multilateral finance institution in a statement hoisted on its website on Thursday indicated that the amount represented a 19 percent increase over the $26.6 billion financing by […]

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Ehanire Tasks African Govts On Capacity For Drug Manufacturing

Nigeria’s Minister of Health, Dr. Osagie Ehanire, has advised African governments to develop fiscal and other business-supporting policy frameworks to increase Sub-Saharan Africa’s (SSA’s) manufacturing capacity of essential pharmaceuticals to improve the regional health system. The minister was quoted in a statement issued on Wednesday by the Deputy Director/Head (Media & Public Relations Unit) of […]

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MICS-NICS Report Key To Nigeria’s Socio-Economic Devt – Ahmed

…lauds NBS, development partners on quality of report The Minister of Finance, Budget and National Planning, Mrs. (Dr.) Zainab Ahmed has described the Nigerian 2021 Multiple Indicator Cluster Survey and the National Immunization Cluster Survey (MICS/NICS) report as vital to the nation’s socio-economic development, especially as its relates to policy measures to address children and […]

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FG Supports Local Manufacturers Of Pharmaceuticals With N100Bn Loan

President Muhammadu Buhari on Tuesday disclosed the Federal Government had released a total of N100 billion loan to indigenous pharmaceuticals manufacturers and healthcare investors as part of his administration’s efforts to improve their capital base and increase local production of drugs and medical consumables. President Buhari, who was quoted in a statement issued by his […]

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Global Insured Losses From Catastrophes Hit $39bn In H1 2022

Data from insurance and reinsurance broker Aon finds that globally, insured losses from natural disaster events totalled $39 billion in the first half of 2022, which is roughly 18% above the 21st century average. According to a news report by Reinsurance News, in contrast to the above average volume of catastrophe losses experienced in the […]

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COVID-19 Pandemic Spurs Financial Inclusion Globally – World Bank

The World Bank Group has reported that despite its devastating impacts on the global economic system, the COVID-19 pandemic encouraged financial inclusion and also led to increase in digital payments globally. The multilateral financial institution gave this hint on Wednesday in its latest Global Findex 2021 database, noting that the expansion creates new economic opportunities […]

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AfDB Earmarks $1.5Bn For Africa’s Emergency Food Plan

As the Russia-Ukraine war continues to take huge toll on global food supply, the Africa Development Bank (AfDB) Group has earmarked $1.5 billion for Africa Emergency Food Plan as part of its efforts to mitigate the impact of the projected war-triggered food crisis on Africans The President of the AfDB, Dr. Akinwumi Adesina, who gave […]

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AfDB, ECOWAS Seal $3.56mn Mou To Boost Sub-Regional Pharma Industries

The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding (MoU) for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. The Managing Director of the Bank for Nigeria, Lamin Barrow, and ECOWAS Commissioner in charge of Industry and […]

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Telecom Mast Radiation Not Risky To People – NATCOMS

The Chairman of National Association of Telecommunications Subscribers (NATCOMS), Mr. Adeolu Ogunbanjo, on Friday dispelled the impression by people that telecom mast radiation is risky, pointing out that there is no health risk associated with erecting telecoms mast in residential areas. The NATCOMS’ leader was quoted by the News Agency of Nigeria (NAN) as saying […]