GUINEA-BISSAU STOPS VACCINE STUDY FUNDED BY TRUMP ADMINISTRATION. (PHOTO).

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 Guinea-Bissau stops vaccine study funded by Trump administration Guinea-Bissau's foreign minister has said his government has stopped a study funded by the Trump administration aiming to evaluate side effects of the life-saving hepatitis B vaccine, including any links to autism. The West African country, one of the region's poorest, has high rates of hepatitis B, and the prospective study had drawn an outcry from scientists and international health bodies because only half the newborns in the trial would get the vaccine at birth. World Health Organization Director-General Tedros Ghebreyesus said it was not ethical. Guinea-Bissau last month suspended the trial pending an ethical review. Critics had said it was being used to test theories linking vaccines to autism, long promoted by U.S. Health Secretary Robert F. Kennedy Jr but contradicted by scientific evidence. Foreign Minister Joao Bernardo Vieira said in an interview on Tuesday that the study had been closed, citing concer...

NAIRA WEAKENS TO N1, 590 AGAINST THE DOLLAR IN THE PARALLEL MARKET. (PHOTO).


 Naira weakens to N1,590 against the dollar in the parallel market.



The Naira dropped to N1,590 per dollar in the parallel market, down from N1,580 per dollar on Monday. In addition, the Naira fell to N1,582.09 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,582.09 per dollar from N1,570.99 per dollar on Monday, indicating an N11.1 depreciation for the Naira. The volume of dollars traded in the market declined by 18.2 percent to $201.43 million from $246.44 million traded on Monday.


As a result, the gap between the parallel market and NAFEM rate narrowed to N7.91 per dollar from N10.8 per dollar on Monday.


Isa Garba, a currency trader, attributed the Naira's depreciation to increased demand and low supply of the dollar.


Today, the Naira depreciated against the dollar by N10. I bought a dollar at N1580 and sold it for N1,590, compared to yesterday's rate. Today, there is less supply of dollars. The dollar was traded at N1,600 per dollar this morning and closed at N1,590.


"Due to the low supply, few traders were present in the market, adding to the demand and supply pressure."

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