COVID-19: EU Donates Two Million Johnson & Johnson Doses to Nigeria

By Adedapo Adesanya The Coordinating Minister of Health and Social Welfare, Dr Muhammad Pate, has said Nigeria could become a hub for vaccine production and distribution in Africa, banking on his experience at GAVI. According to him, this can be achieved with the country’s large population, skilled workforce, and existing pharmaceutical industry. “On local vaccine manufacturing, as you are all aware, until I came back as a Minister, I was going to work with GAVI, an international organisation created in 2000 to improve access to new and underused vaccines for children living in the world’s poorest countries. And GAVI also

While rhinoplasty procedures vary in complexity and expected recovery times, everyone wants to heal faster and minimise downtime after the procedure. The success of the procedure will not only depend on the skill of the surgeon but also the patient’s ability to heal properly. In the past few years, a group of molecules, known as peptides, have increasingly gained significant attention in the medical field for their incredible potential in bolstering the healing process. Simply put, they are a group of naturally occurring or synthetic amino acids that have been shown to optimise healing and recovery times. Let’s take a

By Modupe Gbadeyanka The medical practitioner who performed surgery on the late 12-year-old Adebola Akin-Bright at the Obitoks Hospital in the Alimosho area of Lagos State, Dr Abayomi Baiyewu, has been described as a quack surgeon. The Chairman of the Lagos State House of Assembly ad-hoc committee with the mandate to investigate the circumstances that led to the disappearance of Adebola’s small intestine, Mr Noheem Adams, said the doctor was not qualified to carry out the exercise. Adebola died on Tuesday at the Lagos State University Teaching Hospital (LASUTH), Ikeja, where he was receiving treatment after he underwent surgery two

By Modupe Gbadeyanka Transactions resumed on the floor of the Nigerian Stock Exchange (NSE) for the first time in 2018 on Tuesday and the market closed in the green territory. This was mainly influenced by the huge buying pressures in the consumer goods stocks, which were enough to erase the losses recorded by the banking and oil shares. At the close of business today, the Nigerian stocks increased marginally by 0.06 percent with the All-Share Index (ASI) growing by 21.6 points to settle at 38,264.79 points, while the market capitalisation rose by N7.7 billion to finish at N13.617 trillion. Also,

By Dipo Olowookere As part of its reward system to customers this yuletide period, the management of Smile Nigeria has offered to double any data purchased by its subscribers. The 4G LTE broadband service provider said its customers will enjoy 100 percent bonus on every recharge within the four day duration of the offer with a validity period of 14days. Tagged the ‘Double Data Offer’, the reward system is available to all existing Smile subscribers from Saturday, December 23 to Tuesday, December 26, 2017. A statement issued by the Head of Brands and Communication at Smile Nigeria, Mr Lotanna Anajemba,

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Tuesday, November 06, 2018 conducted an unexpected Open Market Operations (OMO). Business Post observed that the sale of the treasury bills at the secondary market was generally not successful as the apex bank could only raise N316.23 billion from the N500 billion worth of the instruments auctioned to investors. From the N50 billion worth of the 121-day bills, the bank received subscriptions valued at N21 million, while from the N150 billion of the 184-day paper, the CBN got subscriptions worth N77.37 billion, and from the N300 billion worth of the

By Modupe Gbadeyanka Renowned and leading Fast-Moving Consumer Goods (FMCG) company, Procter and Gamble (P&G) is planning to shut down its newly commissioned production plant in Agbara Industrial Estate, Ogun State, Nigeria. A report by Premium Times said the factory, which gulped about $300 million to complete and was commissioned in June 2017 by Vice President Yemi Osinbajo, had been operating at loss since it started operations. Frustrated by this, the management has allegedly decided to sell off the plant. P&G produces popular products like Always sanitary pad, Pampers, Ariel detergent, Oral B toothpaste, Gillete shaving stick, among other products

By Dipo Olowookere The $450 million 9.5% five-year senior unsecured notes issued recently by Ecobank Transnational Incorporated has been assigned a final long-term rating of ‘B’ with a Recovery Rating of ‘RR4’ by top rating agency, Fitch. In a statement issued on Thursday and obtained by Business Post, it was disclosed that the final rating followed the receipt of documents conforming to information already received in line with the expected rating assigned on April 3, 2019. The senior notes are rated in line with Ecobank’s Long-Term Issuer Default Rating (IDR) of ‘B’, as they constitute the holding company’s direct, general,

By Dipo Olowookere Governor Godwin Obaseki of Edo State has advised the federal government to put an end to what he called “monetary rascality” in order to avert an economic crisis. Mr Obaseki was reacting to claims by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, that the Central Bank of Nigeria (CBN) did not print N60 billion to share to state governments in March 2021 to augment the allocation disbursed last month. Last week, at an event in Benin City, the Edo State capital, the Governor had revealed that due to a decline in revenue, the

By Adedapo Adesanya A Federal High Court sitting in Lagos, in a landmark judgment brought by the Socio-Economic Rights and Accountability Project (SERAP), has ordered the disclosure of the spending details of over N200 billion public funds collected by the government of former Delta State governor, Mr Ifeanyi Okowa, from the Universal Basic Education Commission (UBEC) fund and allocations from the Federation Accounts. The court ordered the current Delta State Governor, Mr  Sheriff Oborevwori, to “disclose details of budgetary allocations and actual spending by his predecessor between 2015 and 2019, including specific projects carried out to improve primary education in

By Modupe Gbadeyanka In a bid to encourage foreign investment in Nigeria, the Federal Government has launched an online system that will enable business executives apply for a visa online and collect it on arrival 48 hours later. Comptroller General of the Nigeria Immigration Service (NIS), Mr Mohammed Babandede, disclosed on Thursday that the move to ease visa rules in the country followed complaints from foreign executives that obstructive embassy officials made it difficult to enter the country. He said under the new system, travellers must register with the agency and provide details including travel document information, after which a