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Central Bank of Nigeria Reduces Cost Of Printing Local Currency

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The Central Bank of Nigeria has disclosed it spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020.

Disclosing this on Thursday in its Annual Currency Operations report for 2020, the apex bank also said it utilized $1.83 billion within the same year to fund Bureaux De Changes (BDCs) and Ministries, Agencies and Departments (MDAs) operations.

The currency printing cost, however, indicated a significant decrease Year-on-Year as it spent N75.5 billion and N64.04 billion in 2019 and 2018 respectively for the same purpose.

The Godwin Emefiele, leadership has been driving the cashless policy with a view to cutting the cost of printing bank notes and cash management, in the country. The new e-Naira was also initiated in line with the policy.

According to the report, “The total cost incurred on printing of banknotes in 2020 amounted to N58,618.50 million, compared with N75,523.50 million in 2019, indicating a decrease of ¦ 16,905.00 million or 28.84 per cent.”

CBN indicated in the report that the notes were printed in-country by the Nigerian Security Printing and Minting Plc (NSPM Plc).

The report indicated that CBN, “approved an indent of 2,518.68 million pieces of banknotes of various denominations in 2020 to satisfy the currency needs of the economy, compared with 3,830.94 million in the preceding year.

It put the total stock of currency (issuable & non-issuable) in the vaults of the bank at end December, 2020 at 2.747 billion pieces, compared with 2.641 billion pieces in 2019, indicating an increase of 105.73 million pieces or 4.00 per cent.”

The report also indicated that a total of $1.830 billion was procured over the course of 2020.

Namibia Nets N$400 Million From Fish Auction

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Namibian government Treasury has raked in about N$408 million, following a governmental objective quota auction held in June this year. Finance minister Iipumbu Shiimi on Tuesday said the outcome of the latest auction was an indication that government could realise huge profits if the process is done correctly.

Government in June this year made 15 948 metric tons of hake, 87 500 MT of horse mackerel and 392 MT of monk available on auction to the highest local and international bidders.

The remainder of the horse mackerel quota, 27 000 MT, was offered to the Democratic Republic of Congo, which paid N$85 million for the quota.

Briefing the National Assembly on the proceeds of the sale, Shiimi said the hake quota generated N$189 million, horse mackerel N$214 million and monk N$4.3 million.

Shiimi said the latest outcome has convinced government that auctioning remains the appropriate method of exploiting the quota allocated for governmental objectives.

“As you would recall, government decided to sell the fish quota through a competitive auction to the highest bidder.

The aim was to determine the correct value of Namibia’s fishery resources with the view to ensure that the country fully benefits from her natural resources,” Shiimi said.

He added that government after the first unsuccessful first auction last year, went back to the drawing board to fine-tune the process. “The finance and fisheries ministries conducted the auctions. The fisheries ministry consulted with the industry while the embassies were also used to invite interested international bidders to partake in the fishing.

China Pledges Boost In Policy Support For Consumer Services Sector

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China’s cabinet has issued guidelines to develop consumer services, including increasing financial support for small firms providing catering, housing, childcare, healthcare and services for the elderly.

In a notice on its website, the Council of State, or Cabinet, said the government would use monetary policy tools such as relief and redistribution facilities.

The statement comes as China has stepped up efforts to meet the needs of a broad spectrum of people in society under President Xi Jinping’s banner of “common prosperity”, including bridging the gap in social welfare between rural and urban areas. The focus is on doing.

In its statement, the State Council said that on the financial side, local governments are also being urged to comply with related tax incentives, and include public services infrastructure projects, with good yields, in those projects. which are funded by the local government. Bond.

Local authorities are being asked to set up an emergency mechanism in the event of a major disease outbreak, disaster or accident and take necessary measures to help consumer service firms, including rent cuts, subsidies and financial assistance.

The state council said that to deal with the shortage of services, professionals in the care of the elderly, nursing and housekeeping sectors, the government would allow qualified employees to obtain higher education degrees.

By 2025, the number of college graduates in nursing, rehabilitation, housekeeping and child care majors will increase to 100,000 by 2020.

11 States File Suit Against Biden’s Vaccine Mandate For Big Companies

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A woman holds a placard as people march to protest against New York City mandated vaccines against the coronavirus disease (COVID-19) in New York, U.S., October 25, 2021. REUTERS/Carlo Allegri

Attorneys general in 11 states of the United States of America filed suit against President Joe Biden’s administration on Friday, challenging the vaccine mandate for workers at companies with more than 100 employees.

The lawsuit, filed in the 8th US Circuit Court of Appeals in St. Louis, argues that the authority to force vaccination rests with the states, not the federal government.

“This mandate is unconstitutional, illegal and unwise,” said the court filing by Missouri Attorney General Eric Schmidt, one of several Republicans vying for the state’s open US Senate seat next year.

New rules from the Occupational Safety and Health Administration mandate that companies with more than 100 employees require their employees to be vaccinated against COVID-19 or tested for the virus weekly and wear masks at work. The requirement is to start on January 4. Failure to comply can result in a fine of approximately $14,000 per violation.

Missouri joined the lawsuit by Republican attorneys general for Alaska, Arizona, Arkansas, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming. The office of Iowa Attorney General Tom Miller, a Democrat, also joined the suit, along with several private, nonprofit and religious employers.

South Africans React To Historic Losses Of Ruling ANC Party

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The ANC logo sits atop an umbrella hat during the 54th national conference of the African National Congress party in Johannesburg, South Africa, on Sunday, Dec. 17, 2017. The leadership conference of South Africas ruling African National Congress party has accepted the credentials of the delegates, opening the way for the start of voting to choose the partys top officials, according to five people familiar with the deliberations. Photographer: Waldo Swiegers/Bloomberg via Getty Images

For the first time in the Democratic history, the majority of voters in South Africa have turned against the ruling African National Congress in municipal elections.

The ANC received 46% of national votes, down from 54% in the previous municipal elections five years earlier.

Widespread corruption, persistently high rates of unemployment, crippling power blackouts and ineffective delivery of government services were burning campaign issues.

In results announced Thursday night, the ANC saw an erosion of its support and as a result will control fewer councils and have fewer mayors in big and small cities across the country.

Not only did voters not support the ANC, most did not bother to vote. Although voting day was declared a public holiday, turnout was 47% of registered voters, more than 10% lower than in previous elections.

“There’s so much corruption and… there’s nothing being, 27 years down the line, they’re still using apartheid as an excuse. It’s not on. I mean hopefully this is a totally wake up call to get their house in order,” said Ivan Govender, Restaurant owner.

“I think people still have that thing for the ANC you see, they brought us where we are now. So if they can fix their mistakes, the corruption, he can still win… Or anyone in the ANC for that matter, ” added Thobile Khumalo.

Ethiopia Crisis: Thousands Fill Stadium To Support New Military Recruits

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Thousands of Ethiopians filled a stadium in the capital Addis Ababa to show their support for new military recruits, as the country’s year-long war escalates quickly.

“There is no victory without sacrifice,” Addis Ababa mayor Adanech Abebe said in her address to the crowds. “We are not allowed to get tired at this critical time.”

The event came as Ethiopia’s government lashed out in response to international alarm about hate speech, comparing rival Tigray forces to “a rat that strays far from its hole” and saying the country is close to “burying the evil forces.”

The war that has killed thousands of people and displaced millions since November 2020 threatens to engulf Addis Ababa.

Tigray forces seized key cities in recent days and linked up with another armed group, leading the government of Africa’s second-most populous country to declare a national state of emergency with sweeping detention powers.

In the meantime, Ethiopia’s parliament ratified the country’s state of emergency Thursday by an overwhelming majority, as rival Tigray forces threaten to move on the capital and the country’s yearlong war escalates quickly.

NSO Group: Israeli Spyware Company Added To U.S. Trade Blacklist

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FILE - This Thursday, Aug. 25, 2016 file photo shows the logo of the Israeli NSO Group company on a building where they had offices in Herzliya, Israel. Researchers say an increasingly notorious brand of Israeli surveillance software is being used further afield than previously known, with possible infections detected around the globe. (AP Photo/Daniella Cheslow, File)

The Israeli company behind the controversial Pegasus spyware has been added to a US trade blacklist.

Pegasus has reportedly been used by nation states to target the phones of rights activists and journalists.

The US has now put its maker, NSO Group, on its “entity list”, banning business dealings with them.

NSO Group said it was “dismayed” by the decision, adding that its technology helped maintain US national security by “preventing terrorism and crime”.

It has long maintained that its software is sold only to military, law enforcement and intelligence agencies from countries with good human rights records.

But earlier this year, it was accused of having sold its technology to authoritarian governments, which then targeted innocent people.

On the face of it this is a surprising move by the US government.

The US and Israel are close allies, with their respective cyber-experts having co-operated, for example, to restrain Iran’s nuclear programme.

Why parents should worry about children bedwetting again after six months

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A Consultant Paediatrician, Nephrology Division at the Federal Medical Centre, Katsina, Dr. Abdurrazzaq Alege, says parents should be worried if a child that has previously attained bladder control for more than six months suddenly starts bedwetting without any obvious sickness.

Alege said although stress is a common cause of bedwetting in children, physical, emotional and sexual abuse or even neglect could make children who have attained bladder control suddenly start bedwetting.

According to him, when this happens, parents should look around the home environment, playgroup as well as school to find out the form of abuse the child is going through rather than beating or abusing the child.

Speaking in an interview, the paediatrician said parents need to support their children’s bedwetting by all means. 

He told our correspondent that after attaining bladder control, bedwetting in children has a lot to do with emotional imbalance. 

Alege explained, “It majorly has to do with emotional imbalance. This could follow a traumatic experience as seen in Post-Traumatic Stress Disorder such as sudden deprivation of loved ones, witnessing a devastating event e.g fire or road traffic accident. 

“Others could be in form of abuse which could be physical, emotional, sexual abuse, or even neglect. This is more common in children with secondary forms of bedwetting. 

“A parent should worry when a child who has previously attained bladder control for more than half a year suddenly starts bed-wetting without any obvious sickness.

“One should look around the home environment, playgroup as well as the school. Tell-tale signs could include withdrawal from activities, moody appearance, loss of appetite, or poor school performance.

“Where the abuse is perpetrated by the parents, it may be difficult to make a diagnosis on time. Therefore, the teacher also has a big role to play to unravel the problems.”

The child health expert cautioned parents against the risk of beating or abusing their children’s bedwetting, warning that it will only worsen the problem.

“A very important thing for parents to know is that bedwetting is neither the fault of the child nor that of the parents. 

“The aftermath of the abuse may persist even after the bedwetting resolves. The child may develop low self-esteem, depression and develop poor academic performance. 

“Parents are strongly advised to desist from punishing or abusing children who bed wet but rather, they should provide all the necessary support to help them overcome the problem,” he added.

Alege affirmed that bedwetting is a curable disease, noting that most cases of bedwetting resolve spontaneously without any intervention. 

The paediatrician said, “Some affected children may have developed psychological complications during the period of bedwetting. All these have to be addressed.”

Commenting on the treatment, the physician said treatment options available vary from lifestyle modification, psychotherapy, alarm treatment, and drug therapy.

Read Also: Child marriage, teenage pregnancy rising, Gombe laments

“Lifestyle modification is usually tailored to advise on fluid intake and voiding (urinating) pattern.

“Fluid intake at night should be reduced generally. It is usually prudent to ask the child to urinate in the morning, at least twice during the school day, after school, at dinner time and just before turning out the lights and going to sleep,” the paediatrician said.

According to an online health portal, WebMD, emotional problems cause children to bed wet after attaining bladder control.

“A stressful home life, as in a home where the parents are in conflict, sometimes causes children to wet the bed. Children who are being physically or sexually abused sometimes begin bedwetting,” WebMD says.

U.S. Navy Sacks Commanding Officers Of Crashed Submarine

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The US Navy has sacked three top crew members aboard a nuclear submarine that crashed into an underwater mountain.

Commander Cameron Aljilani and two others were removed after an investigation into the incident in the disputed South China Sea.

The USS Connecticut struck the object last month, forcing the vessel to come to the surface for a week and sail to the US territory of Guam.

Navy officials say the crew members “could have prevented” the collision.

Last week, the navy said the submarine had hit an uncharted “seamount” while patrolling below the surface.

A seamount is a mountain that rises from the ocean floor.

Fifteen sailors suffered minor injuries. The submarine is currently being checked for damage at Guam in the Pacific before it returns to Washington for repairs.

The incident happened amid rising tensions in the region.

The USS Connecticut was operating in one of the most contested regions in the world. China claims most of the South China Sea, but surrounding countries and the US disagree.

The incident happened just weeks after the US, UK and Australia agreed a historic security pact to share submarine technology in the Asia-Pacific, widely seen as an effort to counter China’s power.

The crash angered officials in Beijing, who have questioned what the vessel was doing in the region, and said they were worried about possible nuclear leakage.

At a press briefing on Friday, a Chinese foreign ministry spokesperson said the US needed to give a full account of the incident and “stop its provocation”.

US Navy officials have yet to explain how the vessel hit the seamount.

Ryan Ramsey, a former British Royal Navy submarine captain, said he was shocked by the collision, which is relatively rare.

Ethiopia Recalls Retired Military Officers As Anti-Government Alliance Forms

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Ethiopian Prime Minister Abiy Ahmed attends his last campaign event ahead of Ethiopia's parliamentary and regional elections scheduled for June 21, in Jimma, Ethiopia, June 16, 2021. REUTERS/Tiksa Negeri/File Photo

The Ethiopian army on Friday called on former personnel to rejoin the military to fight the advance of Tigrayan forces, state media said, as nine anti-government factions formed a new alliance to push out Prime Minister Abiy Ahmed’s government.

Called the United Front of Ethiopian Federalist and Confederalist Forces, the alliance includes the Tigray People’s Liberation Front (TPLF), which has been fighting Abiy’s government for a year in a war that has killed thousands of people and forced more than two million more from their homes.

Faced with a spreading conflict and threats by Tigrayan and allied forces to march on the capital Addis Ababa, the federal armed forces appealed to retired soldiers and veterans to rejoin the military, setting a Nov. 24 deadline to register.

African and Western nations have called for an immediate ceasefire in Ethiopia after Tigrayan forces from the north said they had moved closer to Addis Ababa this week.

The new anti-government alliance includes political, military and diplomatic cooperation and expands an existing agreement between the TPLF and the Oromo Liberation Army (OLA), one of the organisers, the TPLF’s Yohanees Abraha, said.