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COVID-19: Nirsal Microfinance Bank (NMFB) Loan – Covid19.nmfb.com.ng

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In a bid to ease the negative impact of COVID-19 on businesses and individuals across Nigeria, the Central Bank of Nigeria through Nirsal Microfinance Bank (NMFB) has reopened Targeted Credit Facility for COVID-19 loan to help struggling families, individuals and small businesses rebounded from the negative impact of COVID-19.

The facility provides individuals and businesses access to up to N25 million, according to a statement released by the Central Bank of Nigeria.

The statement reads “The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.”

“These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.

“In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.”

To apply for a COVID-19 NMFB loan click here to provide your details.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Oleksandr Usyk Defeats Anthony Joshua to Emerge the New Heavyweight Champion of the World

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Anthony Joshua vs Oleksandr Usyk

Oleksandr Usyk, Ukrainian undefeated unified Cruiserweight of the world, defeated Anthony Joshua in a largely one sided fight in Tottenham, United Kingdom.

The Ukrainian won unanimously on the three scorecards, 117-112, 116-112 and 115-113, to emerge the new heavyweight champion of the world.

Anthony Joshua was outboxed and outclassed from the very first round to the 12th round. Flat footed in the first half of the fight and seems confused and lost with Usyk’s classic movements, jab and the aggressiveness expected from Anthony Joshua.

Usyk was the one that imposed himself on Anthony Joshua and consistently push the former champion back while touching him with jabs.

Joshua was slower – although clearly more powerful – and he did hurt Usyk at times but not enough to break the Ukrainian confidence.

Usyk, in the final round, looks bouncier, more mobile, while Joshua seems to know that he needs to try and unload a big shot or two and knock this man out to have any chance. But it was Usyk who keeps coming forward and forces the former champion on to the back foot.

Joshua ducks and dives as Usyk, who is such an awkward figher, keeps coming forward and keeps throwing shots. Joshua winds up a big right hand but misses. The two trade blows before the bell and Joshua is rocked! Joshua was nearly knocked out in round 12.

Anthony Joshua’s manager, Eddie Hearn, who spoke after the fight said: “I spoke to him … obviously it was a tough fight, a gruelling fight … a devastating defeat. Congrats to Usyk, what a fighter, the better man won. The danger was you overthink it and try and be too technical and don’t use your attributes … it was all the things you worry about against a fighter like Usyk. No complaints from AJ, he’ll get up, and he’ll go again. This was just being beat by a better man on the night.”

Chris Eubank Jr, who works as Skysport pundit for the fight, said “I’m gobsmacked, flabbergasted … I didn’t see the fight going that way at all. It’s only his [Usyk’s] third heavyweight fight. It was a masterclass. One of the biggest statements in boxing for a very long time. Full credit to the guy.”

“It was just a boxing clinic,” adds another pundit.

Delighted former Ukrainian world’s heavyweight champion, Vitali Klitschko, told Sky“Excellent fight … very clever. I’m very happy. Actually he did a perfect job.” Usyk then arrives on the scene during the interview and Klitschko congratulates him heartily.

Anthony Joshua is now had 26 fights with 24 wins (22 KO) and 2 losses.

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President Buhari To Speak At The 76th UN General Assembly By 2 PM

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President Muhammadu Buhari - Investors King

President Muhammadu Buhari is set to address the 76th Session of the high-level General Debate of the UN General Assembly at the UN headquarters in New York on Friday, the News Agency of Nigeria reports.

The Nigerian leader will deliver his address at 2 PM Nigerian time (9 AM in New York) to other world leaders during the morning session.

Buhari will speak to the theme of the Assembly and other global issues.

The theme for the 76th session is, “Building Resilience Through Hope – To Recover from COVID-19, Rebuild Sustainably, Respond to the Needs of the Planet, Respect the Rights of People and Revitalise the United Nation’’.

Friday’s session will also include speeches by leaders from The Gambia, South Sudan, Republic of Benin, Senegal and Germany, among others.

The Nigerian leader has participated in some bilateral meetings with a number of leaders of other countries’ delegations and heads of International Development organisations.

Buhari has met with the President of Burundi, Evariste Ndayishimiye, held a meeting with Nigeria’s Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation and also attended the UN Food Systems Summit.

The Nigerian leaders also held a bilateral meeting with Her Majesty, Maxima Zorreguieta, Queen of The Netherlands and participated at a hybrid High-Level event, tagged “Transformative Actions for Nature and People”.

In addition, the President delegation had participated in other high-level meetings such as the Commemoration of the 20th Anniversary of the Adoption of the Durban Declaration and Programme of Action on Reparations, Racial Justice and Equality for People of African Descent.

The delegation is also attended the High-Level Plenary Meeting to commemorate and promote the International Day for the Total Elimination of Nuclear Weapons, among others.

(NAN)

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Over 8,000 Nigerian Doctors Now Work In UK, 353 Registered In The Last 100-Day

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The United Kingdom (UK) registered about 353 Nigerian doctors in the last 100 days, according to data from the General Medical Council – the body which licenses and maintains the official register of medical practitioners in the UK.

The GMC licensed at least 353 Nigerian-trained doctors between June 10, 2021, and September 20, 2021.

The statistics also showed that between July 24, 2020, and September 21, 2021, about 862 Nigeria-trained doctors were licensed in the UK despite the COVID-19 pandemic.

The data also showed that 8,737 doctors who obtained their degrees in Nigeria currently practice in the UK.

Officials of the National Association of Resident Doctors are speculating that the rate of migration might double in the coming weeks since doctors were not given the right remuneration.

They said that many Nigerian doctors are migrating to Saudi Arabia, which might be more than those moving to the UK.

A poll by NOI in 2018 showed that 88 percent of Nigerian doctors were considering work opportunities abroad, but experts say the figure may be higher due to the rising insecurity and economic crunch.

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