MSF Nurse Wins HIV-TB Prize for Life-Saving Test Research

By Adedapo Adesanya The federal government has pledged to increase domestic health financing to improve health condition of all Nigerians as part of President Bola Tinubu’s administration’s targets. The Vice President, Mr Kashim Shettima, on Tuesday made the pledge when a delegations from the Global Health Partners, the Global Fund, US President’s Malaria Initiative (PMI), and others, paid him a courtesy visit at the Presidential Villa, Abuja. The US President’s Emergency Plan For AIDS Relief (PEPFAR) was also part of the delegations. Mr Shettima emphasised that enhancing domestic health financing and improved health outcomes of Nigerians were topmost on the

By Aduragbemi Omiyale A smart recycling hub has been unveiled at the Ojoo terminal in Ibadan, the Oyo State capital, courtesy of a waste management consultant, Mottainai Recycling Limited. The facility was opened on Monday at a ceremony attended by the representatives of the state government, the consultant, and the Akinyele Local Government, among others. The Director of Environment of the local council, Mrs Ahmed B.D., said the initiative was aimed to raise awareness among traders, market women, and the general public about climate change, stressing the hazards and consequences of indiscriminate waste disposal, and other undesirable waste management practices.

**As Authority’s Infrastructure Intervention Excites Reps Committee Chairman The Nigeria Sovereign Investment Authority on Monday received members of the House of Representatives who were in Lagos to inspect projects undertaken by the Authority and their impact on the economy. Key areas of focus for the Lagos visits were Healthcare, Infrastructure and Agriculture. The Ad-hoc Committee was constituted by the House of Representatives to investigate the activities of the Nigeria Sovereign Investment Authority (NSIA) since the inception of the Authority. The committee during the visit hailed the management of the NSIA on their intervention in the healthcare sector. The members of

By Modupe Gbadeyanka President Muhammadu Buhari has said Nigeria will surely overcome insecurity in the country with the full cooperation of its citizens. According to Mr Buhari, security is a responsibility of every member of the community and only through solidarity and cooperation with law enforcement agencies can defeat the problems finally. “The federal government is willing to strengthen support and cooperation with all the states. I believe that with the full cooperation of the citizens, we will surely overcome this problem,” a statement issued on Sunday by the Senior Special Assistant to the President on Media and Publicity, Mr

By Modupe Gbadeyanka Hundreds of families affected by floods in Kogi, Anambra, Delta, Bayelsa and Rivers States have been given relief materials by Stanbic IBTC Holdings Plc. The items donated by the company were non-food relief materials worth N20 million. About 650 families benefited from the gesture from the member of the Standard Bank Group. The support from Stanbic IBTC support came as the federal government had said that the floods had affected over 3 million people. A statement disclosed that the donations were made in support of the Nigerian government’s efforts to provide relief to flood victims in the

By Adedapo Adesanya Oil prices fell on Wednesday as data indicated that crude inventories in the United States fell lesser than what was expected amid worries about the demand that led to a steep selloff earlier in the week. Brent crude futures dropped 23 cents or 0.55 per cent to $41.53 per barrel while the US West Texas Intermediate (WTI) crude futures shed 28 cents or 0.65 per cent at $39.58 per barrel. The Energy Information Administration (EIA) data showed that crude inventories in the largest producing nation fell by 1.6 million barrels, less than the forecast of around 4

By Jerome-Mario Utomi It is not by any standard a palatable news report that the federal government made a total of N3.25 trillion in 2020 and out of which spent a total of N2.34 trillion on debt servicing within the year. This means, the report underlined, that 72 per cent of the government’s revenue was spent on debt servicing. It also puts the government’s debt servicing to revenue ratio at 72 per cent. According to the report, a review of the budget performance of the 2020 Appropriation Act in 2019 shows that the federal government made total revenue of N3.86

By Atedo Peterside Distinguished Ladies and Gentlemen, As part of their 14th Daily Trust Dialogue, the management of Daily Trust requested a presentation from me on “BEYOND RECESSION: TOWARDS A RESILIENT ECONOMY”. My focus will be on “Towards a resilient economy”, because virtually all the actions and policies that are required to help build a resilient economy are the exact same ones that will naturally take Nigeria well beyond today’s economic recession and unto a path of rapid and sustainable economic growth. If you aim for the skies you might end up at the ceiling. Likewise, if you do what

By Adedapo Adesanya NASD Plc and Central Securities Clearing Systems (CSCS) Plc championed the return of the NASD Over-the-Counter (OTC) Securities Exchange into the bullish territory after two straight sessions in red with a growth of 1.01 per cent on Thursday, October 28. The duo lifted the total value of stocks at the unlisted securities market yesterday by N6.16 million to N614.67 billion from N608.51 billion and increased the NASD Unlisted Security Index (NSI) by 7.46 points to 743.99 points from Wednesday’s 736.53 points. At the session, the share price of NASD Plc grew by N1.27 or 7.3 per cent to

The inequitable distribution of income is present at the global level where the nominal gross domestic product (GDP) of the top 10 economies adds up to over 66% of the world’s economy, and the top 15 economies add up to over 75%. The remaining 172 countries constitute only 25% of the world’s economy. Here’s the list of the top 10 economies based on the criteria of GDP, current prices (US dollars) which is simply known as nominal GDP. The rankings differ if the same list is prepared using the GDP based on purchasing-power-parity (PPP). As a general rule, developed countries

By Modupe Gbadeyanka The non-performing loan (NPL) ratio of First Bank of Nigeria (FBN) Limited has been rated credit negative by Moody’s Investors Service because it requires higher loan-loss provisions that will harm profitability. Moody’s said in a report on Thursday that, “We expected the bank’s NPL ratio to decline to 15 percent to 17 percent by year-end 2018 and to less than 15 percent this year. “Although management is confident that a large percentage of these NPLs will be resolved this year, Nigeria’s benign economic environment will likely delay defaulters’ recoveries.” First Bank, one of the five tier-one lenders