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President Uhuru Kenyatta Urges World To Invest In Education

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At a global education summit in London hosted by British prime minister Boris Johnson and Kenyan president Uhuru Kenyatta, governments, businesses and philanthropists are being asked to invest in the future of children by raising more than $5bn (£3.5bn).

This comes at a time when charities have criticised the British government’s decision to make significant aid cuts around the world.

At this summit in London billions of dollars will be raised to help transform education in dozens of countries.

In wealthier countries with broadband and computers available, some virtual learning has continued.

But for many young students in rural Nigeria or Zambia for example, school closures have been far more harmful – especially for girls who are less likely to ever return to the classroom.

Even before the pandemic more than a 130 million girls across the world were out of school.

World leaders will be asked to commit a fifth of their national budgets to education.

President Buhari Approves N8.5bn For TETFUND Medical Research

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President Muhammadu Buhari has approved the sum of N8.5 billion for the conduct of ground-breaking research in medicine and other areas in 2021, under the National Research Fund, NRF, scheme funded by the Tertiary Education Trust, TETFUND.

The executive secretary of TETFUND, Suleiman Bogoro, disclosed this at a 3-day workshop for directors of research and development of public universities in Nigeria held at the Central Bank of Nigeria, CBN, training institute, Maitama, Abuja.

Bogoro said the fund intends to put money in the Nigerian Medical Research Institute, NMIR to resuscitate their vaccine production.

He added that he has scheduled a meeting with the Director General of NMIR, Prof Babatunde Salako, to be joined by professors of medicine from some universities across the country for the purpose of achieving specific research objectives.

Bogoro however decried the failure of research institutes to have the appetite to establish a good relationship with universities for the purpose of promoting research and development, stating that universities are also guilty of disregarding them.

He stressed the need for collaboration between the universities and research institutes to know what the institutes are doing and offer assistance where necessary.

Will Smith Portrays Venus, Serena’s Dad In ‘King Richard’ Trailer

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Will Smith stars as the father of legendary tennis champions Venus Williams and Serena Williams in the trailer for “King Richard,” which was released Wednesday.

Smith portrays Richard Williams in the film, which shows his journey as “an undeterred father instrumental in raising two of the most extraordinarily gifted athletes of all time, who will end up changing the sport of tennis forever,” a description for the film reads, in part.

The clip begins with a glimpse into the family’s life in Compton, California, with Richard Williams discussing his future visions for Venus, Serena and their siblings: “We got future doctors, lawyers, plus a couple of tennis stars in this house.”

Later in the trailer, Smith is seen talking to Demi Singleton ― who portrays Serena Williams in the film ― about the impact she could make as a young Black girl playing tennis, a sport plagued with a history of racial barriers.

“This next step you about to take, you not gonna be just representing you, you’re gonna be representing every little Black girl on Earth,” he says.

“I’m not gonna let you down,” Singleton replies.

“How could you?” Smith says, adding, “This world ain’t never had no respect for Richard Williams, but they’re going to respect y’all.”

Serena Williams, Venus Williams and their sister Isha Price are among the executive producers of the film.

“King Richard” was directed by Reinaldo Marcus Green and written by Zach Baylin. Other stars in the movie include Saniyya Sidney as Venus Williams and Aunjanue Ellis as the tennis stars’ mother, Oracene “Brandi” Williams.

Speaking about her father’s determination to make her and her sister tennis legends from a young age, Serena Williams once told The Associated Press: “He’s been the most important person in my career.”

“It all started with an idea,” she later added. “It was his idea. It’s changed sports. It’s changed history.”

“King Richard” is set to hit U.S. theaters on Nov. 19.

World Hepatitis Day: W.H.O Calls for More Awareness and Testing

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The World Health Organisation has called for increased awareness on Hepatitis as it marks World Hepatitis Day.

The call was contained in a message to mark the day by the W.H.O Regional Director for Africa, Dr Matshidiso Moeti.

She said that in Africa, hepatitis is a silent epidemic and that more than 90 million people are living with hepatitis in the Region, accounting for 26% of the global total.

“This year’s theme is “hepatitis can’t wait” and we call on all countries to rapidly improve access to services to prevent, diagnose and treat hepatitis. More than 124,000 Africans are dying every year from the consequences of undetected and untreated hepatitis. Around 4.5 million African children under five years old are infected with chronic hepatitis B, reflecting an enormous 70% of the global burden in this age group. The global target of less than 1% incidence of hepatitis B in children under 5 years has been reached, but the African Region is lagging behind at 2.5%”. Dr Moeti said.

The Regional Director also said most of the cases could be prevented by eliminating mother-to-child transmission of the disease, during or shortly after birth and in early childhood. Noting that key interventions against hepatitis B include vaccination at birth and in early childhood, screening pregnant women, and providing timely treatment.

“So, in the W.H.O African Region, we are urging especially that “mothers can’t wait.

“We are encouraging countries to integrate the Hepatitis B PMTCT in the Ante-Natal Care package together with the HIV and Syphilis PMTCT program. Yet only 14 countries in the Region are implementing hepatitis B birth-dose vaccines. Among people who are infected, nine out of 10 have never been tested because of limited awareness and access to testing and treatment. Even among countries offering hepatitis B birth-dose vaccines, health systems are facing challenges in ensuring pregnant women and mothers are tested and that those who test positive are treated“. The Director said.

She noted that at the same time, there are many promising developments on hepatitis as with the launch of the first global strategy on hepatitis in 2016, along with increased advocacy in recent years, political will is starting to translate into action.

She said that Hepatitis medicines have become much more affordable, with prices as low as US$ 60 per patient for a 12-week treatment.

“Considering this advantage, African Heads of States have committed to address viral hepatitis as a public health threat in the Cairo Declaration in February 2020. In this line, the Egyptian Initiative planned to provide hepatitis C treatment for 1 million Africans. So far, this initiative has reached more than 50,000 people in South Sudan, Eritrea and Chad. A part of them, Rwanda, Uganda and Benin have established free testing and treatment programmes for hepatitis, and 16 other countries are starting pilot projects in this direction”. Dr Moeti noted.

She pointed out that to guide action on hepatitis, 28 African countries now have strategic plans in place and at the global level WHO guidelines were launched last year on prevention of mother-to-child transmission of hepatitis B, and that the WHO Regional Office for Africa is developing training materials in order to help countries to implement the five hepatitis core interventions and decentralize the diagnosis and treatment.

“Going forward, as W.H.O we are seeking to integrate hepatitis B interventions into antenatal care services. We also want to strengthen collaboration with key partners, such as the Organization of African First Ladies for Development, which have championed progress towards a HIV-free generation. By expanding programmes to incorporate hepatitis, action can be quickly scaled-up. So, this World Hepatitis Day, I urge all stakeholders in maternal and child health to consider how hepatitis can be integrated into existing initiatives such as the First Ladies “free to shine” initiative which is working in countries for an AIDS-free generation in Africa”. Dr. Moeti said.

She said that Health systems also play vital roles in preventing transmission by making sure blood donations are screened and that syringes are only used once and then safely disposed.

She also encourages individuals to seek testing and treatment for hepatitis and to learn more about this disease, to end the silent epidemic.

Hepatitis inflames the liver and can lead to liver cancer and cirrhosis.

OPEC, Stakeholders Raise Concern Over $12.6tr Oil, Gas Investment

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The Organisation of Petroleum Exporting Countries (OPEC) and experts said on Wednesday, Nigeria and other oil-producing nations might find it difficult to raise over $12.6 trillion needed for oil and gas investment before 2045.

The most populous nation in Africa has been struggling to finance oil and gas projects, as over $160 billion upstream projects remain in limbo, while major financiers are already declining to fund some programmes with Final Investment Decisions.

Coming few weeks after the International Energy Agency called for a halt to fossil fuels investment in an attempt to meet a net-zero emission by 2050, OPEC Secretary-General, Mohammed Barkindo, who spoke at the closing session of the 14th Nigerian Association for Energy Economics (NAEE) International Conference in Abuja, acknowledged the daunting challenges facing the sector.

He had said: “Cumulative investment of $12.6 trillion in the upstream, midstream and downstream is crucial through to 2045 in order to meet this need. Investment in 2020 dropped by more than a whopping 30 per cent in the face of COVID-19, even worse than the dramatic decline seen in the severe 2015-2016 industry downturn.”

According to him, the energy security risk that would result from the feeble investment would heavily impact both producers and consumers, adding that oil-bearing developing countries will be hard hit.

Weakening Of BDC Operations Weigh Heavily On Market As Naira Slides Further

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The Nigerian local currency Naira fell significantly against the U.S. dollar at the parallel market on Wednesday; Twenty four hours after the Central Bank of Nigeria (CBN) came down hard on Bureau De Change (BDC) operators for allegedly facilitating money laundering and other Forex infractions.

The naira crashed by about five per cent, as the weakening of the BDC operations weighed heavily on the market, raising concern about the near-term outlook of the local currency. 

Earlier on Wednesday, naira traded at about N510/$ in Lagos, but fell to around N525/$.

The CBN had, on Tuesday, announced stoppage of sale of foreign exchange (FX) to BDC operators, whom the Governor, Godwin Emefiele, accused of anti-market activities and serving as “money laundering agents.”

The CBN had been supplying each licensed BDC $20,000 per week at the rate of N393 with the instruction that they should sell with a margin of N2 but some of them sell as high as N505, making over N100 on every dollar sold. An operator, Nura who spoke to newsmen said they “buy dollar around N507 and N510 while they sell around N512 and N513.”

CBN Directs Commercial Banks To Set Up Teller Points For Forex Sale

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The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (forex) to Nigerian Citizens.

The News Agency of Nigeria (NAN) reports that the directive was sequel to CBN’s decision to discontinue the sale of forex to Nigerians through the Bureaux de Change operators.

The directive was contained in a letter to the DMBs by Haruna Mustafa, Director, Bank Supervision Department of the apex bank, on Thursday in Abuja the nation’s capital.

“Further to the Monetary Policy Committee briefing of July 27, all DMBs are hereby reminded to set up teller points at designated branches across the country.

This is to fulfil legitimate Forex requests for Personal Travel Allowance, Business Travel Allowance, tuition fees, medical payments and SMEs transactions, among others.

Kebbi State Governor Approves Renovation of 36 PHC’s

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Kebbi state Governor, Abubakar Bagudu, has approved the renovation of 36 Primary Healthcare Centres across the state to improve health care delivery.

This was announced by the Commissioner for Health, Jafar Muhammad he noted that the renovation of the 36 PHCs was under the auspices of the Saving One Million Lives Programme in the state towards achieving universal healthcare coverage for all.

“Already, 134 PHCs have been revitalized towards improving quality of healthcare service at the grassroots level. “The renovation of the 36 PHCs is going to improve healthcare services at the grass-roots level,” he said

EU And UK Criticised For ‘Flawed’ Protocol Approach – Brexit

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U.K and E.U have both taken a fundamentally flawed approach to the Northern Ireland Protocol.  Lord Jay of Ewelme, committee chairman, said it was an absolute necessity that the UK and EU urgently worked together to ensure Northern Ireland did not become a “permanent casualty of the Brexit process”.

The peers said there had been a lack of clarity, transparency and readiness on the part of the UK government.

The EU was described as lacking “balance, understanding and flexibility”.

The committee said both sides needed to be prepared to compromise.

Lord Jay of Ewelme, committee chairman, said it was an “absolute necessity” that the UK and EU urgently worked together to ensure Northern Ireland did not become a “permanent casualty of the Brexit process”.

He added that the political qualities of patience, dialogue and “most of all, trust”, which had been seen during the Northern Ireland peace process, needed to come to the fore.

The UK and EU agreed the Northern Ireland Protocol in 2019 as part of the Brexit withdrawal agreement.

It prevents a hard border in Ireland by keeping Northern Ireland in the EU single market for goods.

It began operating in January and has led to difficulties and increased costs when transporting goods from Great Britain to Northern Ireland.

Unionists say it also undermines Northern Ireland’s place in the UK.

U.S Economic Recovery Making Progress – Fed

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The U.S Federal Reserve kept interest rates on hold near zero, saying that inflation largely reflected factors that would pass in time.

The announcement, following the end of its two-day meeting, comes amid concerns that rising prices could prompt the Fed to push up interest rates, increasing the cost of borrowing for businesses and consumers.

The central bank will continue to monitor economic progress before easing pandemic support.

Inflation, which measures the rate at which the prices for goods and services increase, continued to surge in the US in June as the cost of energy and used cars in particular increased.

Consumer prices jumped 5.4% in the 12 months to the end of June, up from 5% the previous month.

It marked the biggest 12-month increase since August 2008, according to the US Labor Department.

The Fed’s chairman Jerome Powell has insisted, however, that cost increases would be “transitory” due to prices ticking up in areas associated with the economy reopening such as travel or hospitality, as well as supply bottlenecks.

Inflation is the rate at which the prices for goods and services increase.

It’s one of the key measures of financial well-being because it affects what consumers can buy for their money. If there is inflation, money doesn’t go as far.

It’s expressed as a percentage increase or decrease in prices over time. For example, if the inflation rate for the cost of a litre of petrol is 2% a year, motorists need to spend 2% more at the pump than 12 months earlier to get the same amount.

And if wages don’t keep up with inflation, purchasing power and the standard of living falls.