Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States and the Federal Government. According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic. “Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (...
Zimbabwe’s President Emmerson Mnangagwa and some opposition politicians received China’s Sinovac Covid-19 vaccine in the tourist resort of Victoria Falls on Wednesday as part of efforts to encourage citizens to get inoculated. Zimbabwe has registered vaccines from China, India and Russia for emergency use but none so far from Western manufacturers. In a country where suspicion and scepticism often trump facts, Mnangagwa’s vaccination at a public event, together with opposition leaders, was meant to assure citizens that the vaccines were safe. The southern African nation had planned to administer the Sinopharm vaccine to 53 000 health workers and selected security forces when it rolled out the first phase of its programme on 18 February, but only 44 135 people had been vaccinated by Tuesday...
Water has many values that are just not priced, Sasha Koo-Oshima, the Deputy Director, Land and Water Division, UN Food and Agriculture Organisation (FAO), told Xinhua ahead of the World Water Day on March 29. The official highlighted that with the coronavirus (COVID-19) pandemic, a large part of the world population still lacks access to handwashing facilities at home. “This is the first line of defence against this virus and the value of water is very evident in this progression. “The first thing we realised is handwashing. Many countries just don’t have clean water to even just wash hands,” she said. The UN on Monday warned that more than two billion people do not have direct access to water, the “blue gold” which is essential in defeating the pandemic. In its World Water Development Re...
Russia said it hoped international talks in Moscow on Thursday would breathe new life into the Afghan peace process, after a high-level U.S. official joined the Russian-hosted talks for the first time. The talks, which also include representatives of Pakistan and China, are designed to give a boost to negotiations between the Afghan government and the Taliban in Qatar’s capital Doha, stalled lately by government accusations that the insurgents have done too little to halt violence. “We regret that so far the efforts to launch a political process in Doha have yet to yield a positive result,” Foreign Minister Sergei Lavrov said in his opening remarks at the talks. “We hope today’s talks will facilitate the creation of conditions to achieve progress in intra-Afghan negotiations.” U.S. envoy Z...
File Photo Telecoms company Nokia has announced its plan to cut between 5,000 and 10,000 jobs globally in the next two years. It said the move will enable it reduce cost, catch up on 5G, and invest in cloud computing and digital infrastructure research. Nokia said on Tuesday that the restructuring is aimed at boosting its performance against opponents such as Sweden’s Ericsson and China’s Huawei. The company did not indicate regions affected by the measure, but said about 96 jobs in the UK were under threat as part of the €600m (£518m) cost cuts, BBC reported. A Nokia spokesperson was quoted as saying, “We currently expect the consultation process in the UK to cover an estimated 96 roles.” “At this stage, however, these are only estimates. It is too early to comment in detail, as we have o...