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WHO renames Indian, UK, South African and Brazilian COVID 19 Variants.

The World Health Organization has announced its plans to simplify the way the public talks about the growing variants of the coronavirus by assigning easier-to-use language to each new mutation of the virus.[1] Under WHO’s new naming system, the names of the new variants of SARS-CoV-2, the virus that causes COVID-19, are simplified from confusing […]

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A Start-up Act for Nigeria: Necessity or Superfluous?

It is an undeniable fact that the acquisition of Paystack by Stripe being the first-ever start-up out of Nigeria to get into the Y Combinator accelerator program and the deal in which Flutterwave secured $170 million from a leading group of international investors as part of a successful Series C round, underscores two interesting points. 

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COVID-19 Health Protection Regulations 2021

President Muhammadu Buhari of Nigeria on the 27th day of January 2021 in exercise of the powers conferred by Section 4 of the Quarantine Act[1] signed the six (6) part Coronavirus Disease (COVID-19) Health Protection Regulations 2021[2] (the “Regulation”) in response to the serious and imminent threat to public health posed by the incidence and

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The SEC Press Release on Cryptocurrencies

The Securities and Exchange Commission (“SEC”) has through a Press Release dated 11 February 2021, clarified its earlier statement on the Classification of Cryptocurrencies in line with the Central Bank of Nigeria’s (“CBN”) ban on trading in these digital assets. CBN had through a circular dated February 5, 2021 prohibited dealing in cryptocurrencies or facilitating

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COVID-19: Pfizer/BioNTech Vaccine approved for use in the UK

The UK is the first country in the world to approve a vaccine for COVID-19. The approved vaccine is produced by Pfizer/BioNTech and this approval is paving the way for mass vaccination. The UK’s Medicines regulator, Medicines and Healthcare Products Regulatory Agency (MHRA), says the vaccine, which offers up to 95% protection against Covid-19 illness,

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The Securities and Exchange Commission (SEC) Statement on the Classification and Treatment of Digital Assets

  The Securities and Exchange Commission (“SEC” or “the Commission”) issued an official statement (“the Statement”) on 14 September 2020 on the classification and treatment of Digital Assets (crypto assets such as crypto currencies and tokens). The Statement which communicated SEC’s position, stated that crypto assets are securities which fall under the regulatory ambit of

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The Securities and Exchange Commission (SEC) Statement on the Classification and Treatment of Digital Assets

The Securities and Exchange Commission (SEC) issued an official statement on 14 September 2020 on the classification and treatment of Digital Assets (crypto assets such as crypto currencies and tokens). It communicated its position in a published statement (“the Statement”) stating that crypto assets are securities which fall under the regulation of the Commission. Download

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Covid-19 genome sequencing laboratory network launches in Africa

From World Health Organisation With several African countries now expanding COVID-19 testing, the World Health Organization (WHO) and the Africa Centres for Disease Control and Prevention (Africa CDC) have launched a network of laboratories to reinforce genome sequencing of the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19, in Africa. Twelve

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Our COVID-19 Resource Hub

African countries engaging in ground-breaking COVID-19 vaccine initiative From World Health Organisation While the race to find safe and effective COVID-19 vaccines continues, African countries are signing up to a ground-breaking initiative, which aims to secure at least 220 million doses of the vaccine for the continent, once licensed and approved. All 54 countries on

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DOING BUSINESS 2020: WORLD BANK GROUP RANKS NIGERIA

On the 24th day of October 2019, World Bank Group published “Doing Business 2020: Sustaining the pace of reforms”, its 17th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. In its annual report, Doing Business presents quantitative indicators on business regulations and the protection of

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