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COVID-19: Should You Believe What ECA Is Saying About Africa

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In one of his bestsellers, The Zahir, Paulo Coelho said there are two major problems in life: knowing when to begin and knowing when to stop. If, for example, Nigeria had closed its borders early on and enforced quarantine for all returning Nigerians, whoever they are, things might have been different today. I’m sure many others would say the same for their own countries as well. In between knowing when to begin and knowing when to stop, however, an agency of the United Nations, which ought to help Africa find its way out of the present crisis, is bandying figures about COVID-19 that can only compound the continent’s collective misery. Last week, the Economic Commission for Africa (ECA) said between 300,000 and 3.3million Africans may die from coronavirus, and expected us to take the figures like gospel. The commission gave five different possible scenarios (from no-intervention to suppression using intense social distancing) that could lead to – or mitigate – this

The world is "weeks to months" away from a drug that fights Covid-19, WHO says

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Anderson Cooper, Dr. Sanjay Gupta, and WHO technical lead Dr. Maria Van Kerkhove. Source: CNN The world is "weeks to months" away from knowing what drugs will work to fight Covid-19, said Dr. Maria Van Kerkhove, the technical lead for the World Health Organization's coronavirus response. The WHO is tracking a number of studies that are trying to determine exactly how many people have been infected around the world, Van Kerkhove said. According to one study in Germany, the number of people who have antibodies that show they've had the coronavirus infection ranges from 2% or 3% up to 14% of the population, she said during CNN's coronavirus town hall earlier tonight. "What’s interesting about this is that these numbers, this seroprevalence, is a lot lower than some of the earlier models had predicted that would have suggested that this virus was circulating a lot more, and that much more of the population was already infected." Van Kerkh

No plans to open schools now – Lagos

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The Lagos State Government on Thursday reaffirmed the closure of all private and public schools in the state to protect pupils from the scourge of the COVID-19 pandemic. The government said that rather than reopening schools and endangering the lives of students, efforts will be intensified on the ongoing free teachings on various media, especially radio and television. The Commissioner for Education, Mrs. Folasade Adefisayo, disclosed the government’s stance on the reopening of schools for the third-term academic session. She advised proprietors that have plans to commence academic session for third-term amid the Coronavirus outbreak to abandon the plans. Adefisayo said, “The Ministry wishes to state categorically that all schools in Lagos State remain closed and have not yet been opened for the third term. The State continues to offer free teachings on various media, especially radio and television”. She gave assurance that the State government will continue t

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Truck owners fight back over bribery allegations

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Truck owners fight back over bribery allegations THE leadership of truck owners operating in the Mile 2-Tin Can Port axis on the Oshodi-Apapa expressway has denied allegations that it was collecting money from truck owners before allowing them to access Lagos ports. They also called for a probe into the activities of those who levelled the allegations. Speaking to newsmen last weekend in Apapa, the truck owners also accused those who alleged extortion of being the mastermind of alleged unbridled extortion of truckers before the creation of the Task Team on Apapa gridlock, under the leadership of Dr Kayode Opeifa. The spokesperson of the truck owners in the Tin Can – Mile 2 axis; Mr Salami Ismail, said the petition was against the real owners of articulated vehicles in the axis and Presidential Task Team. Salami disclosed that, the petitioners were not happy that their source of illegal funds was cut-off by the Presidential Task Team, which has been dealing directly

Oil price falls below $5 amid epic supply glut

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The US benchmark crude oil price sank to its lowest level ever on Monday, falling below $5 a barrel amid an epic supply glut and the coronavirus pandemic’s hit to demand. After twice beating the record low, dropping to $4.04, West Texas Intermediate (WTI) for May delivery had recovered slightly at about 1720 GMT, and was trading at $5.18 a barrel in New York. The plunge defied a deal reached last week by OPEC and independent producers to slash output by nearly 10 million barrels per day starting May to boost prices. It also showed the enduring power of the pandemic, which has forced people to stay indoors to stop the spread of COVID-19, bringing much of the global economy to a halt. A price war between Saudi Arabia and Russia had accelerated the slide prior to the production deal, hurting US shale producers. And storage capacity is becoming scarce in the United States, with the main WTI facilities in Cushing, Oklahoma filling up. Wall Street was trading lower amid t