UK Gives Nigeria £2m to Strengthen Health Workforce

By Ifeanyi Onuba The Nigerian Sovereign Investment Authority (NSIA) has convened critical oncology stakeholders and strategic partners at the maiden edition of the NSIA Oncology Summit in Lagos. The move, according to a statement from NSIA on Wednesday, is to drive collaborations amongst partners and improve overall patient outcomes in cancer care. Participants at the Summit included over 200 medical professionals in oncology, over 11 Nigerian tertiary hospitals, as well as over 10 external collaborators from the University of Chicago; American Oncology Institute India; American Society of Clinical Oncology (ASCO); Bio Ventures for Global Health (BVGH); Memorial Sloan Kettering Cancer

By Ifthakaar Shaik The African healthcare industry faces an immediate challenge: a dire shortage of skilled professionals, leading to alarmingly low doctor and nurse-to-population ratios in many countries. Training medical professionals, especially specialists like pathologists or oncologists, is a multi-year-long process. Moreover, foundational education at the primary and secondary levels is crucial to supply tertiary institutions with a stream of candidates equipped with the necessary aptitude, literacy, and numeracy skills to pursue medicine. Recent technological leaps catalysed by the COVID-19 pandemic and expanding telecommunications infrastructure, including ventures like Starlink, have bridged some of the distance between communities in need of

Thrombosis, or blood clotting, can affect people of all ages, races, and genders. And while both men and women are at risk of getting a blood clot, there are several stages in a woman’s life when that risk may be higher. Thrombosis is the formation of blood clots in the circulatory system, which can be dangerous if the clot blocks blood flow to vital organs, causing serious complications, such as deep vein thrombosis (DVT) or pulmonary embolism (PE). According to the World Thrombosis Day (WTD) campaign, blood clots can happen to anyone at any time. Surgery, hospitalisation, and cancer raise

By Adedapo Adesanya The federal government, through the Federal Ministry of Agriculture and Rural Development (FMARD), has donated 50,000 free doses of Anthrax vaccines to the Lagos State Government (LASG) to mitigate the spread of the Anthrax Disease to animals and humans and ensure the safety of the livestock sub-sector. Speaking during the courtesy visit to the state’s Ministry of Agriculture recently, the Permanent Secretary in the Ministry of Agriculture and Rural Development, Dr Ernest Afolabi Umakhihe, represented by the Deputy Director of Veterinary and Pests Control Services, Dr Abdulkareem Durosinlorun, said that donation of the vaccines would fast track

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has disclosed that one of its functions under the law is printing money to support the government whenever there is a crisis. The Governor of the CBN, Mr Godwin Emefiele, while speaking on Thursday in Tunga, Awe Local Government Area of Nasarawa State, said one of its key mandates is to print currency. Mr Emefiele was reacting to questions posed to him on the revelation by the Governor of Edo State, Mr Godwin Obaseki, that the federal government printed N60 billion last month to shore the shortfall in revenue generated in

By Dipo Olowookere Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has urged Indian investors to consider coming to Nigeria for investment opportunities with a promise that they will not regret taking the decision. Mr Ogbeh made this call while speaking during his tour to the Asian nation to explore new partnerships on agricultural development between Nigeria and India. While at the Jute Mills Association of India, the Minister declared that Nigeria was open for Agribusiness, with incentives for investors, noting that with the Africa’s largest economy’s increased He discussed collaborations for Nigeria’s large scale cultivation of Jute and

By Modupe Gbadeyanka The Debt Management Office (DMO) will from today, Monday, March 13, 2017, begin the issuance of the first Federal Government’s Savings Bond to investors. The debt office disclosed that the retail savings bond product will be accessible to all income groups for subscription at N5,000 per unit, with a maximum subscription of N50 million and a tenor ranging from two to three years. The offer will be open for five days beginning from today and would exclusively be available on the Nigerian Stock Exchange (NSE). To enable a smooth exercise, the DMO has accredited 87 stockbroking firms

By Modupe Gbadeyanka In a bid to boost food self-sufficiency in the country, Dangote Group has revealed plans to invest about $10 billion in rice cultivation in five states. The conglomerate made this disclosure at the just concluded 2017 Gateway Trade fair held in Abeokuta, where it emerged the second most patronised exhibitor. A director at Dangote Group, Mr Tunde Mabogunje, noted that, “We have been contributing our quota to the growth and development of the Nigerian economy. Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State. When completed, farmers will have

By Quantitative Financial Analytics Traditionally, investors’ appetite and need for income comes from fixed income instruments like treasury bills and bonds. Until recently, 10-year Nigeria treasuries have delivered an average yield in the upwards of 15 percent thereby providing a high level of income to investors with a relatively minimal level of risk. However, current economic events are giving rise to low interest rates. Yield curves have been falling across all tenors. The 10-year yield fell by 6 percent between January and October while the 20-year yield decreased by 8 percent to 15.07 percent and 14.74 percent respectively. Granting that

By Adedapo Adesanya Nigerian gig economy fintech startup, ImaliPay, has raised a $3 million seed round to deepen its financial services infrastructure across Nigeria and its other Sub-Saharan present markets – Kenya and South Africa. The seed round includes participation from Leonnis Investments, a follow-on from Ten 13, as well Uncovered Fund, MyAsia VC, Sajid Rahman, KSK Angels, Jedar Capital, and Logos Ventures. Others include Plug N Play Ventures, Untapped Global, Latam Ventures, Cliff Angels, Chandaria Capital, Changecom, and other angels from Serbia, Kenya and Norway. Co-founded in 2020 by Mr Tatenda Furusa and Mr Sanmi Akinmusire, ImaliPay offers both

By Adedapo Adesanya Nigeria’s consumer price index (CPI), which measures inflation, increased by 15.70 per cent year-on-year for the month of February, according to the National Bureau of Statistics, which disclosed this in its CPI and Inflation Report on Tuesday. The report stated that “this is 1.63 per cent points lower compared to the rate recorded in February 2021 (17.33) per cent,” indicative that the headline inflation rate slowed down in February when compared to the same month in the previous year, but higher than the 15.60 per cent reported in the preceding month. Also detailed in the report were

By Dipo Olowookere President Muhammadu Buhari will on Tuesday, November 7, 2017 (today) present the 2018 Appropriation Bill to a joint session of the National Assembly. The 2018 budget presentation, according to a letter sent to the House of Representatives last week by the President, would be done by 2pm today. Speaker of the House of Representatives, Mr Yakubu Dogara, had read the letter at the green chamber last week, informing his colleagues of Mr Buhari’s intention to meet with them today for the function. The 2017 Appropriation Bill was presented to the parliament by the President in December 2016,