COVID-19: Sinovac Defends Efficacy of CoronaVac

By Modupe Gbadeyanka The management of the Lagos University Teaching Hospital (LUTH) has been praised for maintaining the N200 million WARD-A Block renovated by Airtel Nigeria two years ago. The telco, led by its chief executive, Mr Carl Cruz, inspected the facility last week and was impressed with the high maintenance culture of the health institution. “We are pleased to observe that the collaboration with LUTH has continued to touch the lives of so many Nigerians. “The outstanding leadership of LUTH also deserves our commendation for how well they have kept the equipment and building for the past two years.

By Aduragbemi Omiyale A smart recycling hub has been unveiled at the Ojoo terminal in Ibadan, the Oyo State capital, courtesy of a waste management consultant, Mottainai Recycling Limited. The facility was opened on Monday at a ceremony attended by the representatives of the state government, the consultant, and the Akinyele Local Government, among others. The Director of Environment of the local council, Mrs Ahmed B.D., said the initiative was aimed to raise awareness among traders, market women, and the general public about climate change, stressing the hazards and consequences of indiscriminate waste disposal, and other undesirable waste management practices.

By Aduragbemi Omiyale From February 2024, a leading pharmaceutical company, Sanofi-Aventi Nigeria Limited, will put a stop to its direct operations in the country, opting to hand over this business to a yet-to-be-named third party. In a statement signed by the Country Lead for Sanofi, Ms Folake Odediran, it was noted that this new business model was adopted for the “commercialisation of Sanofi portfolio of medicines” through a major distributor. This business model is also to be adopted by another player in the sector, GlaxoSmithKline (GSK) Nigeria Plc, which announced its planned exit from the Nigerian market a few months

By Adedapo Adesanya Scientists Katalin Kariko and Drew Weissman won the 2023 Nobel Prize in Physiology or Medicine for discoveries enabling the development of COVID-19 vaccines, the award-giving body said on Monday. The prize, among the most prestigious in the scientific world, is selected by the Nobel Assembly of Sweden’s Karolinska Institute Medical University and also comes with 11 million Swedish crowns (about $1 million). “The 2023 Nobel Prize in Physiology or Medicine has been awarded to Katalin Karikó and Drew Weissman for their discoveries concerning nucleoside base modifications that enabled the development of effective mRNA vaccines against COVID-19,” the

By Adedapo Adesanya The duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc stabbed the NASD Over-the-Counter (OTC) Securities Exchange by 1.43 per cent on Wednesday, January 25, reducing the market capitalisation of the bourse by N13.40 billion to N920.67 billion from N934.07 billion it closed in the preceding session. This also pulled the NASD Unlisted Securities Index (NSI) down by 10.19 points to wrap the session at 700.66 points compared with 710.85 points recorded in the previous session. During the session, the price of FrieslandCampina went down by N5.22 to settle at N62.18 per unit,

By Ashemiriogwa Emmanuel Over 17.5 million orphans in Nigeria are being catered for under the watch of the SOS Children’s Villages in Nigeria. The independent, non-governmental, non-profit international development organization, in addition, runs family strengthening programs, where children and families in need benefit from vocational training, care, medical and food assistance. The National Director of the SOS Children’s Villages in Nigeria, Mr Eghosa Erhumwunse, recently disclosed this in Isolo, Lagos, while receiving food items donated by Crown Flour Mill (CFM) Limited, producers of the popular Mama Gold flour and semolina brands and Crown Pasta food products. Thanking the firm for

By Adedapo Adesanya   **Minister Says 70% University Workers on IPPIS The federal government has said that over 70 percent of academic and non-academic members of the universities in Nigeria have already enrolled for the Integrated Payment and Personnel Information System (IPPIS). This was disclosed by the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, after members of the Academic Staff Union of Universities (ASUU) visited President Muhammadu Buhari in Abuja on Thursday. According to the Minister, out of the 137,016 accredited staff in the university system, 96,090 have signed up for the IPPIS scheme, leaving about over

By Modupe Gbadeyanka Activities on the Nigerian Stock Exchange (NSE) ended on a positive note on Wednesday, bouncing back immediately from the loss the market recorded the previous day. The all-share index improved by 2.57 points or 0.01 percent to close at 25,673.80 points, while the market capitalisation grew by N2.6 billion to end at N8.833 trillion. Business Post correspondent reports that the volume of shares sold at the market on Wednesday, December 7, 2016, went up compared to what was recorded the previous, however, the value dropped by N413 million. A total of 255.8 million shares were exchanged on

By Dipo Olowookere The Nigerian Exchange (NGX) Limited found itself in the red territory on Tuesday following the 0.48 per cent loss it posted at the close of transactions. Selling pressure on insurance stocks contributed to the decline suffered by the equity market yesterday as the sector’s index went down by 1.75 per cent due to the decision of traders to offload NEM Insurance and other underwriting equities. The share price of NEM Insurance depleted by 10.00 per cent during the session to close at N4.05, as Chellarams lost 9.90 per cent to trade at N1.82. Champion Breweries crashed by

By Modupe Gbadeyanka Trading activities resumed on Tuesday on the floor of the Nigerian Stock Exchange (NSE) after two trading days of public holiday to mark the Good Friday and Easter Monday celebrations. As investors settled for business, the stock market kicked off on a bearish trend, resulting into a loss of N105 billion at the first day of trading after the break. The All-Share Index depreciated by 302.94 points or by 1.19 percent to close at 25,207.07 points, while the market capitalisation dropped N104.8 billion to finish at N8.722 trillion with the year-to-date return ending at -6.16 percent. Though

By Dipo Olowookere Managing Director of Honeywell Flour Mills Plc, Mr Lanre Jaiyeola, says the company has identified some key areas to help the business stay on the path to growth and sustainability. Mr Jaiyeola made this disclosure at the firm’s annual customers’ forum and awards held recently in Lagos. According to him, the company plans to become a major player in the sector and make its products the preferred in various households in the country. Honeywell Flours Mills faces a stiff competition from Dangote Flour Mills, a major player in the industry with huge financial muscle. But Mr Jaiyeola

By Dipo Olowookere Oyo State government has explained why it used state funds for the ongoing reconstruction of the façade of the Music House, owned by the gospel musician, Mr Yinka Ayefele, which was partially demolished in August 2018. Part of the building, which houses the popular Fresh FM in Ibadan, was brought down for allegedly breaching state laws. The development generated mixed reactions across the country, leading to a truce between the state government led by the Governor, Mr Abiola Ajimobi, and owner of the property in question, Mr Ayefele. In a statement issued on Sunday by the Special