Africa Covid19 

COVID-19: Niger records measles outbreak in 13 LGAs

Niger State recorded an outbreak of measles in 13 local government areas of the state during the Coronavirus pandemic lockdown imposed to contain the spread of the pandemic. The Director of Immunization and Diseases Control, Fatima Abdullah, disclosed this during a one-day media orientation on measles immunization awareness on Friday in Minna, the state capital. The event was organised by the Niger State Primary Healthcare Development Agency (NSPHCDA) in partnership with the United Nations Children Fund (UNICEF). She explained that during the lockdown, many caregivers did not take their children…

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Africa Oil and Gas 

Crude oil closes high, Nigeria to comply with output cut

Petroleum rates finished with a weekly gain of about 10% on Friday, as the sudden drop in U.S. production output of petroleum, together with OPEC output cuts, provides hope that the oil glut in the market will reduce significantly. International standard, Brent crude closed at $42.20 for a 9.5% weekly gain, after it opened on Monday at $38.80 a barrel. West Texas Intermediate (WTI) likewise completed the week on an excellent note, as it closed at $39.98 a barrel with an 11% weekly boost, after starting the week at $36.03…

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Africa Mining 

Heritage Bank, Dukia Gold boost Nigeria’s gold reserves

The Federal Government has indicated that Nigeria’s potential reserves of 200 million ounces of gold is set for growth with the private sector partnerships including the Heritage Bank Plc and Dukia Gold & Precious Metals Refining Co. Ltd. The Vice President, Yemi Osinbajo, who disclosed this yesterday during a virtual platform launch of Dukia-Heritage Bank Gold & Precious Metals Buying Centres nationwide, said the centre is a valuable new source of trade, jobs and foreign exchange. He also said the project will create primary employment for local artisanal miners and…

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Africa African Business News Retail 

Forbes Nigeria Summit Will Function Top Business from the 1st Digital Accelerator Program for Nigeria

Forbes revealed Nigeria’s First Digital Start-up Accelerator program powered by the International Start-up Ecosystem early this year and within 2 weeks got over 5000+ applications. 200 business were chosen for the 2020 program which used 4 weeks of complimentary virtual training from 50 worldwide speakers and access to $100k in complimentary credits and benefits from AWS, Google Cloud, IBM Cloud and Sendgrid. The program will culminate on June 25, 2020 from 12-3pm EST with the very first Forbes Nigeria Summit featuring the leading business from the friend. All 100+ environment…

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Africa Oil and Gas 

Producers hopeful of $50 oil cost, business sustainability from cuts Business

Although OPEC concurred at the weekend to extend 9.7 million barrels cuts in daily crude oil production through completion of July, providing oil rates some support, operators in the exploration market are enthusiastic that the cuts would be sustained to help production and organisation sustainability. In the course of international lock down, the occurring energy imbalance impacted oil manufacturers and rates such that service sustainability was threatened and capability to service over N3.4 trillion loans damaged. With the lock down raised and oil costs rebounding, African Energy Chamber thinks that…

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