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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    Access Holdings Profit Surges 22% in Q1 2026

    Access Holdings H1 2026 Profit Rises 23.5% to ₦266.7bn

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

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    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

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    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

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    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

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    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

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    • Economic Data
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    • Companies
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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    Red Star Express Declares 35 Kobo Dividend, Approves Restructuring at 32nd AGM

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    Access Holdings Posts ₦474.2bn Nine-Month Profit, Lays Out Five-Point Scale-to-Value Plan

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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

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    Nigerian Exchange launches a WhatsApp subscription channel for public offers

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    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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U.S Congress: Measures to permanently stop U.S. debt payments to China over Covid-19

Thursday, 11 March 2021, 6:46 pm
in News, World
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U.S Congress: Measures to permanently stop U.S. debt payments to China over Covid-19
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Republican U.S Congressman, Brian Mast is seeking to punish the People’s Republic of China for its handling of the COVID-19 pandemic by introducing a measure to permanently withhold payments from the U.S. and other countries on debts owed to them.

The congressman is set to roll out legislation this week to this effect, on the one-year anniversary of the World Health Organization (WHO) designating the novel coronavirus a global pandemic.

Mast’s legislation claims that the Chinese Communist Party “actively engaged in a cover-up designed to obfuscate data and hide relevant public health information,” which continues to “limit efforts to identify the original source of COVID-19.”

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The measure states that the outbreak of COVID-19 is “a direct result” of China’s “appalling record of human rights abuses, including its suppression of the freedom of expression, as well as its aggressive domestic and global propaganda campaign.”

“The People’s Republic of China should be held accountable for its handling of the COVID-10,” the legislation states. “The United States and other countries should permanently withhold payments on debts owed to the People’s Republic of China in amounts equal to the public costs incurred by such countries relating to COVID-19.”

Mr. Mast of Florida told Fox News that the China’s total lack of transparency and mishandling of the coronavirus outbreak has cost hundreds of thousands of lives, millions of jobs, and left untold economic destruction in the United States.

“Congress must put America first and hold China accountable for their cover-up by forcing them to pay back the taxpayer dollars that have been spent as a result,” he said.

According to Mast’s office, as of November 2020, China owned $1.063 trillion of the total outstanding U.S. government debt issued by the U.S. Department of the Treasury.

Sen. Marsha Blackburn’s, R.-Tenn., plan last year to press China to waive debt payments was met with concern from some on Wall Street, including Bridgewater Associates founder Ray Dalio, who said withholding debt payments could spark a capital war.

Nearly 118 million people around the world have become infected with COVID-19 and more than 2.6 million people have died.

In the United States, 29.15 million Americans have been infected with COVID-19, and more than 529,000 Americans have died.

House Republicans last year accused China of ignoring rules requiring governments to report any information of a new SARS-like virus to the WHO within 24 hours.

In 2005, following the SARS outbreak, the WHO had updated the International Health Regulations (IHR), which were first adopted by the Health Assembly in 1969, acknowledging that the organization has “a central and historic responsibility” to manage “the control of the international spread of disease.”

According to Articles 6 and 7 of the revised IHR, members are obligated to provide the organization with all relevant public health information, including lab results, “within 24 hours of assessment … of all events which may constitute a public health emergency of international concern.” The document later cites SARS as an example.

Reports show that the first case of the virus in China came in November 2019, but the first human-to-human transmission of the virus was reported by Wuhan doctors on Dec. 8, 2019 and China failed to inform the WHO of the outbreak until Dec. 31, 2019.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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