FG Receives First Set Of MTN Donation Of 1.4 Million Doses Of COVID-19 Vaccine

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The Nigerian government has taken delivery of the first set of 300,000 doses of COVID-19 vaccines out of a total of 1.4 million doses designated for Nigeria by the AU/MTN.

The vaccines are a combination of doses of AstraZeneca vaccines from the COVAX facility, and from the African Union’s (AU) COVID-19 vaccination programme, towards which the MTN Group contributed $25 million. The vaccines will be distributed among health workers in Nigeria by the National Primary Healthcare Development Agency.

Commenting on the vaccines, Dr Faisal Shuaib, Director-General of the National Primary Healthcare Development Agency (NPHDA) said, “On behalf of health care workers in Nigeria, we commend the efforts of the Nigerian government and the African Union in the fight against COVID-19, and we thank MTN for their collaboration. The arrival of these vaccines is a major step, as we try to stay ahead of the virus. We need all the collaboration we can get, and I implore more organisations to join this drive for the Nigerian people.”

Also Speaking, the Director-General of the Nigerian Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu expressed appreciation on behalf of the government.

“The donation of COVID-19 vaccines is truly helpful, and we are grateful. We can only succeed against COVID-19 when we fight together. These vaccines will go a long way in protecting health workers, who are on the frontline, and need all the protection they can get at this critical moment, hence the prioritisation of their vaccinations.”

Expanding on the power of partnership and collaboration, Chief Executive Officer, MTN Nigeria, Karl Toriola said, “I thank the Nigerian government and the African Union for the opportunity they granted MTN to collaborate and contribute towards the delivery of these vaccines.

“The ongoing threat of COVID-19 requires a vast and accelerated effort by both the private and public sectors. Partnerships like this practically demonstrate what can be achieved when we work together for Africa’s (and indeed Nigeria’s) progress. We are truly privileged to have been able to play our part in contributing to the government’s efforts to protect and save lives.”

At the start of the pandemic, MTN Nigeria collaborated with the government to curb the spread of the virus, in large part via the introduction of MTN’s Y’ello Hope platform. Y’ello Hope encompasses a broad range of interventions and programmes valued at approximately N25 billion, which are designed to offer relief where it is needed most.

These are aimed at supporting Nigeria’s people, customers, communities, and the various levels of government.

Through Y’ello Hope the company provided free-to-access services (including SMS and data) to the most vulnerable, facilitated zero-rated access to healthcare websites, deployed the ‘Wear-it-­for-me’ campaign to help create awareness around the importance of wearing masks, and made a N1 billion donation to the private sector-led Coalition Against COVID-19 CACOVID).

In addition, the MTN Foundation delivered more than 70,000 pieces of essential Personal Protection Equipment (PPE) to the Nigeria Centre for Disease Control (NCDC).

The delivery of COVID-19 vaccines to Nigeria, through MTN’s collaboration with its key partners, is another step taken as part of the Y’ello Hope platform, and MTN will continue to seek out ways to make a meaningful difference in Nigeria.

Meanwhile, Brand Spur Nigeria reports that the spread of COVID-19 in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 162,082 confirmed cases.

On the 23rd of March 2021, 214 new confirmed cases and 1 death was recorded in Nigeria.

To date, 162,076 cases have been confirmed, 148,530 cases have been discharged and 2,031 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.73 million tests have been carried out as of March 23rd, 2021 compared to 1.68 million tests a day earlier.

CBN Governor Disprove Rumours Of Flexible Exchange Rate

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has claimed that the rumors about Federal Government adopting a flexible exchange rate for its transactions are false.

Emefiele went further to explain the issue while addressing the media after the Monetary Policy Committee (MPC) briefing held in Abuja, Tuesday.

He said that the statement made by the Minister of Finance. Zainab Ahmed was misinterpreted, and further explanation should have been made from CBN to caution audiences hoping to profit from the misinformation.

Bloomberg had earlier reported that Ahmed said, “Within the government and the central bank, there is only one official rate and that’s the Nafex rate”.

Bloomberg also claimed that the Finance Minister told the media that the government would now engage in a flexible rate for transactions that have until now applied to investors and exporters.

The CBN Czar debunked these claims as ‘faulty reporting’, stating that Nigeria still operates a Managed Float exchange rate.

“The managed float is a policy that allows the CBN to watch the market operations and intervene when necessary.

“CBN has not intervened in the I&E window since January 2021.

“Constitutionally, the mandate of foreign exchange policy lies with the CBN. Hence, any assertion in this regard without comment from CBN may be seen as misleading.

Emefiele appealed to members of the press to work with CBN to promote more transparency and accurate reporting.

The Governor also added on foreign exchange scarcity in deposit money banks.

“CBN disburses no less than 80 million USD every week to the banks for payment of school fees, PTA, and business travel as part of the policy to address these issues.

“CBN was looking into setting up call centers where FX complaints can be sent and addressed.

The MPC voted to retain the MPR at 11.5% and other parameters constant.

GTBank Plans Kenyan Acquisition

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Guaranty Trust Bank (GTBank) Plc plans to acquire a Kenyan lender as part of its expansion on the continent, according to the managing director, Bloomberg reported.

This was disclosed at an investor call in Lagos by the lender’s Chief Executive Officer, Segun Agbaje. “I think the place we will still like to do business or do an acquisition is Kenya,”, he stated without giving a time-line for the acquisition.

GTBank Plans Kenyan Acquisition Brandspurng
Photographer: Issouf Sanogo/AFP/Getty Images

GTBank has offices in 10 countries outside Nigeria including Kenya. It wants to increase the contribution of African subsidiaries to the bank’s income to about 30% of profit-before-tax in the next three years from 15.3% in 2020.

GTB announced in November it had received an approval-in-principle from the Central Bank of Nigeria to transition to a holding company by way of a scheme of merger between the lender and its shareholders.

The move will see it tow the path of rival FBN Holdings and Stanbic IBTC Holdings.

The Holdco structure will enable a new corporate group known as a parent company to hold the outstanding stock of the companies making up the group while maintaining only oversight capacities over them without participating in the day-to-day running of the companies.

Banks in Africa’s most populous country are expanding on the continent and diversifying outside their core operations as they seek to grow after the coronavirus pandemic and two economic contractions in four years shuttered businesses and limited lending opportunities at home.

Guaranty Trust is expecting the approval by regulators of a move to transition into a financial holding company in the second half, which will enable it to start payments and asset management units, Agbaje said. It targets 10% growth in the loan book this year and pre-tax profit of 243 billion naira from 238.1 billion naira.

Dangote Cement Reports 37.7% Rise in Profit After Tax to ₦276.1B in 2020

Performance sustained by strong demand coupled with cost-saving measures

23rd March 2021: Dangote Cement PLC, Africa’s largest cement producer, released its audited results for the financial year ended 31st December 2020.

Financial Highlights

  • Group revenue increased by 16% to ₦1,034 billion (2019: ₦891.7 billion).
  • Group EBITDA up 20.9% to ₦478.1; 46.2% margin
  • Record high Pan-Africa EBITDA of ₦71.3B, up 49.0%; 22.4% margin
  • Earnings per share up 36.9% to ₦16.14
  • Proposed dividend maintained at ₦16.00 per share
  • Net debt of ₦337.3B; net debt/EBITDA of 0.71x
  • Group net profit increased by 38% to ₦276.1 billion (2019: ₦200.5 billion).
  • Group earnings per share increased by 37% to ₦16.14 (2019: ₦11.79).
  • Company revenue increased by 18% to ₦720 billion (2019: ₦610.3 billion)
  • Company net profit increased by 35% to ₦352.6 billion (2019: ₦261.4 billion).
  • Company earnings per share increased by 35% to N20.69 (2019: ₦15.34).

Operating Highlights

  • Group sales volumes up by 8.6% to 25.7 million tonnes
  • Total Nigerian volumes up 12.9% to 15.9Mt; domestic volumes up 14.3% at 15.6Mt
  • Pan-African volumes up 4.4% at 10.0 million tonnes
  • Clinker shipment from Nigeria via the Apapa Export Terminal
  • Commissioned Onne Export Terminal in Port Harcourt
  • The commissioned gas power plant in Tanzania

Share buyback

  • Completed a successful share buyback programme; repurchased 0.24% of shares outstanding

Michel Puchercos, Group Chief Executive Officer, said:

“Despite the impact of the COVID-19 pandemic, 2020 was a record year for Dangote Cement across the board. Several firsts made 2020 a productive year such as our maiden clinker shipment, maiden bond issuance and successful buyback programme. We increased our capacity by 3Mt in Nigeria, commissioned our two export terminals and commissioned our gas power plant in Tanzania. All this was achieved whilst we focused on protecting our people, customers, and communities from the impact of the pandemic.

Dangote Cement recorded strong top-line growth supported by strong cement demand. Profitability was further bolstered by our disciplined cost control measures in what we believed to have been a highly inflationary and volatile year. These measures resulted in a 37.7% increase in profit after tax to ₦276.1B.

I am delighted to report that Dangote Cement experienced its strongest year in terms of EBITDA and strongest year in terms of volumes. Despite a challenging environment, Group volumes for the year were up 8.6% and Group EBITDA was up 20.9%, at a 46.2% margin.

Looking ahead, we have strengthened our alternative fuel initiative which focuses on leveraging the circular economy business model and reducing exposure of our cost base to foreign currency fluctuations. We continue to embed Dangote Cement’s 7 sustainability pillars into every aspect of our operation and culture.

We remain committed to keeping our staff and communities safe by being fully compliant with health and safety measures in all our territories of operation. We are focused on adapting to the rapidly evolving markets in which we operate.”

Ericsson Launches 5G Core Policy Studio To Make Networks Smarter

  • Software solution for network programmability enables communications service providers to quickly design and deliver innovative 5G services to consumers and enterprises
  • Reduces complexity in network policy management
  • Delivers up to 70 percent savings in policy configuration operational expenditures

Ericsson (NASDAQ: ERIC) has launched a new network programmability tool, called 5G Core Policy Studio, to enable communications service providers (CSPs) to more easily capture 5G revenue through offering differentiation. The tool handles the central management of all core network policies and is fully integrated with Ericsson’s dual-mode 5G Core.

The 5G Core Policy Studio tool is a central provisioning engine that works at the core of the network. It enables access and control of all policies that manage different 5G and 4G services through one easy-to-use graphical user interface (GUI).

This ability allows communications service providers to dynamically configure innovative services within network slices for consumers and enterprise customers and tailor those offerings to specific user needs and network circumstances.

Ericsson testing shows that the tool can deliver savings of up to 70 percent in policy configuration operational expenditures by simplifying the design and configuration activities compared to similar network configuration execution without the tool.

Monica Zethzon, Head of Solution Area Cloud Packet Core, Ericsson, says: “Working at the core of 5G evolution, we see that 5G is a software game. Through our software, we make networks smarter because that in turn enables smart business. Smart networks are key for enabling communications service providers to offer customized services to consumers and enterprises.

With our 5G Core Policy Studio, they will be able to provide tailored connectivity services across their customer base. Ericsson’s 5G Core Policy Studio is a network programmability tool to adapt service performance depending on conditions such as the type of subscription, time of day, service area or device location.”

Andy Hicks, the Principal Analyst, GlobalData, says: “Ericsson 5G Core Policy Studio builds on the company’s strengths in converged policy control and feature support by introducing unified control of all policy enforcement mechanisms as well a new network programmability tool. GlobalData has assigned Ericsson’s policy control products a Leader ranking.

Integrated with these products, Ericsson 5G Core Policy Studio should help operators to monetize 4G and 5G services and network slices, by speeding innovation and adjusting network service characteristics both granularly and dynamically.”

2022 World Cup Qualifiers On StarTimes: Europeans Begin Road To Qatar

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For the 55 countries that are members of Europe’s governing football body, UEFA, the road to Qatar begins this week. Kylian Mbappe, Cristiano Ronaldo, Gareth Bale and all European stars will be facing each other during the coming days.

The European Qualifiers for the 2022 FIFA World Cup run from 24 March to 16 November 2021.

Football fans will see all matches on StarTimes Basic bouquet for N1700 monthly or N160 per day and on Smart Bouquet for N2200 or N200 per day. StarTimes recently moved ST World Football channel to lower bouquets to enable all football lovers to gain access to premium sports content without breaking the bank.

The world’s top two ranked countries – Belgium and France – begin their quest for a place at the 2022 finals in Qatar with tough home matches on Wednesday.

The reigning world champions France, who is ranked behind Belgium, are at home to Ukraine in the Stade de France in Paris.

Coach Didier Deschamps has recalled Barcelona forward Ousmane Dembele and Tottenham Hotspur midfielder Tanguy Ndombele into a star-studded squad, that includes the likes of Paul Pogba, Antoine Griezmann, Anthony Martial and Kylian Mbappe.

Belgium coach Roberto Martinez, whose side welcomes Wales to the King Baudouin Stadium in Brussels will be without captain Eden Hazard, who is still labouring with a recurring muscle injury that has severely restricted his playing time this year.

Turkey will host the Netherlands while reining European Champion, Portugal will play against Azerbaijan on Wednesday. All matches will kick-off at 8:45 pm.

On Thursday, Spain will open their quest against Greece, Italy will meet Northern Ireland, England vs San Marino and Germany vs Iceland at 8:45 pm.

 

Battle Of The Brands: Konga Confirms HP, Samsung, Infinix, Unilever, Zinox, Others

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A growing list of globally renowned brands have been confirmed for the inaugural edition of Battle of the Brands, a much-anticipated campaign exclusive to Nigeria’s leading composite e-commerce giant, Konga.

Battle of the Brands kicks off on Friday, March 26 and will run till Wednesday, March 31, 2021.

The exciting week-long campaign will see shoppers treated to the biggest offers and best deals from an array of top brands dominating their respective segments, cutting across Computing, Mobile Phones, Fast Moving Consumer Goods (FMCG), Home & Kitchen, Electronics, Fashion, Beverages, Wine & Spirits and much more. Konga will feature the star brands from various categories on a daily basis, with the best offers and deals from each brand highlighted for the benefit of potential shoppers.

Battle Of The Brands: Konga Confirms HP, Samsung, Infinix, Unilever, Zinox, Others
Battle of the Brands-Brand Spur Nigeria

Among the heavyweight cast of brands already confirmed to feature in the campaign are HP, Samsung, Infinix, Lenovo, Unilever, Zinox, Coca Cola, Reckitt Benckiser, Nokia, LG, Nexus, Hisense, Rite Foods, Oppo, NBC, Scanfrost, Polystar, Johnny Walker and Saisho. Others are Procter & Gamble, Jack Daniels, Maxi, Vivo, Midea, Panasonic, APC, Deekay, Bruhm, Royal and much more.

Targeted at exposing the biggest deals and most eye-catching offers from the brands on show, shoppers on the Konga platform are in for mouth-watering deals, unmatched discounts, daily Flash Sales, Treasure Hunts, free shipping and exclusive app-only deals throughout the duration of the campaign. Furthermore, Battle of the Brands will offer a unique opportunity for each participating brand to cash in on the heightened interest from eager shoppers and the massive traffic expected at Konga to showcase their most attractive deals, new offers and the best discounts on existing products.

More brands are also expected to join the line-up ahead of Friday’s commencement.

‘‘We have witnessed significant excitement from shoppers ahead of Friday,’’ said Kenny Oriola, VP, Konga Online. ‘‘Also, a number of brands have reached out, with a view to having their products and offers represented. We expect to add more names to the list of brands to look out for on Battle of the Brands, especially as we draw nearer to the commencement date. If you are a shopper looking for the best offers in the market from a wide array of top brands, there is no other place to be than on Konga.com,’’ he stated.

Battle of the Brands will run from Friday, March 26 and end on Wednesday, March 31, 2021.

COVID-19 Highlights Urgent Need To Reboot Global Effort To End Tuberculosis

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An estimated 1.4 million fewer people received care for tuberculosis (TB) in 2020 than in 2019, according to preliminary data compiled by the World Health Organization (WHO) from over 80 countries- a reduction of 21% from 2019. The countries with the biggest relative gaps were Indonesia (42%), South Africa (41%), Philippines (37%) and India (25%).

“The effects of COVID-19 go far beyond the death and disease caused by the virus itself. The disruption to essential services for people with TB is just one tragic example of the ways the pandemic is disproportionately affecting some of the world’s poorest people, who were already at higher risk for TB,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “These sobering data point to the need for countries to make universal health coverage a key priority as they respond to and recover from the pandemic, to ensure access to essential services for TB and all diseases.”

Building up health systems so everyone can get the services they need is key. Some countries have already taken steps to mitigate the impact of COVID-19 on service delivery, by strengthening infection control; expanding use of digital technologies to provide remote advice and support, and providing home-based TB prevention and care.

But many people who have TB are unable to access the care they need. WHO fears that over half a million more people may have died from TB in 2020, simply because they were unable to obtain a diagnosis.

This is not a new problem: before COVID-19 struck, the gap between the estimated number of people developing TB each year and the annual number of people officially reported as diagnosed with TB was about 3 million. The pandemic has greatly exacerbated the situation.

One way to address this is through restored and improved TB screening to rapidly identify people with TB infection or TB disease. New guidance issued by WHO on World TB Day aims to help countries identify the specific needs of communities, the populations at highest risk of TB, and the locations most affected to ensure people can access the most appropriate prevention and care services. This can be achieved through a more systematic use of screening approaches that employ novel tools.

These include the use of molecular rapid diagnostic tests, the use of computer-aided detection to interpret chest radiography and the use of a wider range of approaches for screening people living with HIV for TB. The recommendations are accompanied by an operational guide to facilitate roll-out.

But this will not be enough alone. In 2020, in his report to the United Nations General Assembly, the UN Secretary General issued a set of 10 priority recommendations that countries need to follow. These include activating high-level leadership and action across multiple sectors to urgently reduce TB deaths; increasing funding; advancing universal health coverage for TB prevention and care; addressing drug resistance, promoting human rights and intensifying TB research.

And critically, it will be vital to reduce health inequities.

“For centuries, people with TB have been among the most marginalized and vulnerable. COVID-19 has intensified the disparities in living conditions and ability to access services both within and between countries,” says Dr Tereza Kasaeva, Director of WHO’s Global TB Programme. “We must now make a renewed effort to work together to ensure that TB programmes are strong enough to deliver during any future emergency – and look for innovative ways to do this.”

Luckybet Launches Mobile App, Promises More Juicy Odds For Users

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In a bid to provide the finest betting experience for millions of Nigerians, leading gaming and entertainment company, Luckybet, has launched a new mobile app. 

Announcing the new app on Monday, Marketing Manager, Anthony Onyemauwa, disclosed that the app is designed to introduce users to the broadest range of offerings and opportunities in the sports betting market.

“From inception, our focus has been to creating new and richer experiences for our users by connecting them to a world of endless possibilities. Our new mobile app is not only a demonstration of this commitment, it is a call for users to take charge of their individual destiny by exploring the opportunities offered by our innovative technology,” Onyemauwa said.

“The app is safe, secure, easy to use and generally offers an incredible user experience.  It also boasts of a great variety of bets and competitive odds from both the domestic and global betting markets. By downloading the app, users are ushered into a world where they can change their own lives forever.”

Onyemauwa explained that the mobile betting app, which is also available on the web platform, provides users tons of betting options, including the highest odds on virtual games and a mouth-watering 250% accumulated bonus.

Licensed by the Lagos Lotteries Board and widely acclaimed by punters as one of the most reliable online betting platforms in Nigeria, Luckybet is committed to empowering users to become luckier and live the life of their dreams.

Download the app here [https://bit.ly/2P1F92y].

Only One In Five Believe Early Years Are Most Important For A Child’s Development

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A new 28 country study by Ipsos finds that one in five people (18%) believe the period from the start of pregnancy to age 5 is the most important period of a child and young person’s life for health and happiness in adulthood. The highest proportion of people say all periods are equally important (35%).

This is the first time that a global comparative survey looking at perceptions of the early years in different countries has taken place and builds off the work Ipsos conducted in the UK for The Royal Foundation in 2019 /2020.

The Importance Of The Early Years

The science is clear; the early years of a child’s life sets the foundations for their health and happiness as they grow up into an adult1.

Across all 28 countries included in the study, the early years are not seen as uniquely important for children and young people’s health and happiness, compared with other periods of life.

On average across the 28 countries surveyed, one in five people (18%) believe the period from the start of pregnancy to age 5 is the most important period of a child and young person’s life for health and happiness in adulthood. The highest proportion of people say all periods are equally important (35%).

The countries with the highest proportion of people believing the early years are the most important period are Peru (28%), followed by Germany (26%) and France (24%).
The country with the smallest proportion of people believing the early years are the most important period is China where just six percent say this is the case. People in China are more likely than those globally to believe the 11-16 period is most important (24% compared with 16% globally).

Other countries where the proportion of people believing in the primacy of the early years is lower than the global average are Brazil, Japan and Sweden (all 12%) and Spain (8%).
Great Britain is in line with the 28-country average (18% compared with 19%).
There is overwhelming recognition across all 28 countries that children’s development is not solely determined at birth and can be shaped by their environment.

On average across the 28 countries surveyed, only a small proportion of people (6%) believe how children develop from the start of pregnancy is wholly determined by their genes, with approaching half (49%) saying it’s both genetics and shaped by environment, and just over a third (37%) saying it’s mostly determined by their environment.

Countries with the highest proportions believing children’s development is mostly influenced by genes are India (14%), Saudi Arabia (11%), Brazil and Malaysia (both 10%). Just two percent of people in Canada, Poland the United States believe this to be the case.

The Role Of Wider Society

There are differences in attitudes towards the role of parents and wider society in bringing up children between countries.

On average across the 28 countries surveyed, similar proportions of people believe that it is mostly the responsibility of parents to give children aged 0-5 the best chance of health and happiness and believe parents and society are equally responsible (40% and 41% respectively). Just 13% believe it is the joint responsibility of everyone in society to give children aged 0-5 the best chance of health and happiness.

However, there are some large differences in people’s attitudes in different countries. Countries, where the highest proportions of people believe it is mostly the responsibility of parents, are: Poland (58%), the United States (55%), Australia (54%), Great Britain and Sweden (both 52%). This drops to fewer than three in ten in China (29%), Japan (27%) and South Korea (25%).

Save the Children. (2016). Lighting up young brains: How parents, carers and nurseries support children’s brain development in the first five years. Save the Children. Available at: https://resourcecentre.savethechildren.net/library/lightingyoung-brains-how-parents-carers-and-nurseries-support-childrens-braindevelopment

Technical Details

These are the results of a 28-market survey conducted by Ipsos on its Global Advisor online platform. Ipsos interviewed a total of 23,004 adults aged 18-74 in Singapore, 18-74 in the United States, Canada, Malaysia, South Africa and Turkey, 21-74 in Singapore and 16-74 in 22 other markets between 23 December 2020 and 8 January 2021.

The sample consists of approximately 1,000 individuals in each of Australia, Belgium, Brazil, Canada, mainland China, France, Germany, Great Britain, Italy, Japan, Spain and the US, and 500 individuals in each of Argentina, Chile, Hungary, India, Malaysia, Mexico, the Netherlands, Peru, Poland, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, and Turkey.

The samples in Argentina, Australia, Belgium, Canada, France, Germany, Great Britain, Hungary, Italy, Japan, the Netherlands, Poland, South Korea, Spain, Sweden and the US can be taken as representative of their general adult population under the age of 75.

The samples in Brazil, Chile, mainland China, India, Israel, Malaysia, Mexico, Peru, Russia, Saudi Arabia, Singapore, South Africa, and Turkey are more urban, more educated, and/or more affluent than the general population. The survey results for these markets should be viewed as reflecting the views of the more “connected” segment of their population.

The data is weighted so that each country’s sample composition best reflects the demographic profile of the adult population according to the most recent census data.
Where results do not sum to 100 or the ‘difference’ appears to be +/-1 more/less than the actual, this may be due to rounding, multiple responses, or the exclusion of “don’t know” or not stated responses.

The precision of Ipsos online polls is calculated using a credibility interval with a poll of 1,000 accurate to +/- 3.5 percentage points and of 500 accurate to +/- 5.0 percentage points. For more information on Ipsos’ use of credibility intervals, please visit the Ipsos website. The publication of these findings abides by local rules and regulations.