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EU Agrees To Link Rule Of Law To Budget Fund Access

The European Union (EU) has agreed that all its member states must uphold democratic standards to access the EU’s billion-euro emergency Coronavirus (COVID-19) relief package and budget. The continental block parliament and its 27 member-states agreed on Thursday to tie the bloc’s long-term budget access to a mechanism requiring countries to live up to Europe’s […]

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NAFDAC Partners MSMEs To Grow Nigeria’s Economy

In furtherance of its commitment to Nigeria’s economic growth, the National Agency for Food and Drug Administration and Control (NAFDAC) is poised to continue to encourage the Micro, Small, and Medium Enterprises (MSMEs) to harness the potentials of trade and investment for the nation’s economic growth and sustainability. The Director General of agency, Prof Mojisola […]

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Senate Moves To Bar Buhari, Others From Foreign Medical Trips

Apparently concerned with huge sums being expended by President Muhammadu Buhari and other top state officials on foreign medical treatments yearly, the Senate on Thursday cautioned against such medical trips by the affected officials in view of the deleterious effects on the nation’s public finance system. Specifically, the Senators kicked against the medical tourism practice […]

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Pharmaceutical Group Seeks Review Of N100Bn Health Sector Facility’s Terms

Pharmaceutical industry operators in the country are seeking a review of the terms and conditions for accessing and repaying the N100 billion Central Bank of Nigeria’s (CBN) Health Sector Support Facility as they contend with scarcity of foreign exchange (FX) and other fiscal challenges in their operations. The N100 billion credit support intervention fund is […]

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Nigeria To Flag Off Key Socio-Economic Devt Surveys

Nigeria is set to conduct the Multiple Indicator Cluster Survey (MICS6)/National Immunization Coverage Survey (NICS) with an inaugural meeting of the National Steering Committee virtually held yesterday. The task of the committee is to oversee the whole process of MICS6/NICS2020 to ensure that all activities concerning the survey are effectively carried out for a successful […]

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Climate Change: GCA opens Africa Office, as AfDB Assures $25Bn Support

The opening of a regional office by the Global Center on Adaptation (GCA) on Wednesday has elicited commendations from African leaders who expressed the hope that the step would spur the continent’s efforts to combat climate change. Several regional and global leaders attended the high-level virtual launch. Key speakers included the 8th UN Secretary-General Ban […]

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Nigeria, Others Require $1.2Trn For Citizens’ Social Protection – ILO

The International Labour Organisation (ILO) on Thursday said that to guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion, representing on average 3.8 per cent of their GDP. The global labour organization in its latest Policy brief, noted that since […]

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AfreximBank, ITFC, ARSO Partner On Harmonisation Of Health Devices Standards

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa. A news report on the initiative sourced from Africa Press Organisation […]

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AfDB Approves $27.33Mn To Support AU’s COVID-19 Fight

The African Development Bank’s (AfDB’s) Board of Directors on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic. A news report by African Press Organisation (APO) Group indicated that the approval follows a meeting of the extended Bureau of the Conference […]