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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 […]

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AfDB Board Approves Debt Sustainability Policy For Low-Income Countries

The Board of Directors of the African Development Bank Group (AfDB) has approved a new policy that aims to strengthen debt sustainability among low-income African countries. A news report distributed by APO Group on behalf of the AfDB Group indicated that the Board approved the Sustainable Borrowing Policy (SBP) on 23 February 2022 The new […]

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USAID Approves $10.6Mn For Nigeria Under 2021 DOA Pact

The United States Agency for International Development (USAID) has announced an additional $10.6 million in development assistance to continue support for the goals outlined in a 2021 Development Objectives Assistance Agreement signed between the U.S. and Nigerian governments. The U.S’ agency stated that most of the new funding would be used to finance the Nigerian […]

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Functional healthcare system key to Nigeria’s socio-economic devt – Osinbajo

The Vice President, Prof. Yemi Osinbajo, has said that quality and affordable healthcare are central to Nigeria’s socio-economic development. The Vice President, this remark at the inauguration of the Health Sector Reform Committee recently. Osinbajo noted that “a society is probably only as prosperous, developed and happy as its healthcare system which is central to […]

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NAFDAC Seeks Improved Funding For Herbal Medicine Research

The National Agency for Food and Drug Administration and Control (NAFDAC) has called for more funding into research and development of herbal medicines to support universal health coverage in the country. Director-General of the agency, Prof. Mojisola Adeyeye, made the call at the Inaugural Symposium and Launching of the Africa Centre of Excellence for Drug […]

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London Global Reinsurance Market Share Dips 2%

Despite being the largest re/insurance market globally, the London Market has continued to face challenges and while primary business has expanded minimally over the past decade, its reinsurance market share has shrunk by 2%. Only yesterday, the House of Lords Industry and Regulators Committee opened its inquiry into the regulation of the UK commercial insurance […]

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UAE Lifts Entry Restrictions On Nigeria, Kenya, South Africa

The United Arab Emirates (UAE) on Wednesday indicated its readiness to lift its entry and transit ban on travellers who had recently visited South Africa, Kenya, Nigeria, Ethiopia and eight other African countries. Other countries to be affected by the lifting include, Tanzania, Republic of Congo, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe. The country’s […]

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NAFDAC Bans Sachet Alcoholic Drinks’ Registration

The National Agency for Food and Drug Administration and Control (NAFDAC) has banned the registration of alcohol drinks in sachets, small volume PET and glass bottles below 200ml. A statement signed by the agency’s Director General, Prof Mojisola Adeyeye, on the ban indicated that “the registration of new alcoholic drinks in sachets and small volume […]