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Godwin Emefiele: Central bank ready to support home grown vaccine
Bloomberg Governor, Central Bank of Nigeria (CBN,), Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight COVID-19 in Nigeria. Emefiele, who spoke at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja, said the pandemic has had an unprecedented effect on the global economy, impacting all nations big and small. According to him, so far, the Coalition Against COVID-19, (CACOVID) has raised over N27billion to fund this initiative. He said the donation received so far are being used to build well-equipped isolation centres across the 36 states of the federation. ”’The ThisDay Dome Testing, Treating, Tra...
Trump vs. the skeptics: Reopening fight highlights polar opposite outcomes
A muddled, middle-ground scenario is also possible — one in which red states open faster and many blue states go slowly, a phenomena that is already showing up to some extent and giving the entire process a distinctly partisan overlay. Americans will need to wait weeks after the first state reopenings, throughout the incubation period for Covid-19, to gauge which approach is more likely to play out and determine the economic and political future of the nation for months and perhaps years to come. “There is a path here where the market just keeps going up and whatever second wave exists is within the capacity of the health care system to handle and the supply curve of available pharmaceutical treatments bends upward and we get closer to a vaccine,” said Michael Cembalest, chairman of market...
House of Reps order release of Benue coronavirus index case
The House of Representatives has resolved to come to the rescue of Benue State’s coronavirus index case, Susan Idoko, who has accused the government of refusing to release her from isolation despite “not” being infected with the disease. The action of the House followed the unanimous adoption of a motion moved by a member, Blessing Onuh, at plenary on Tuesday. It was entitled, ‘Urgent Need to Look into the Release of Mrs Susan Idoko Okpe, Nee Lawani, Who was Quarantined by the Government Following Misinformation and Diagnosis.’ Adopting the motion, the House resolved to “mandate the Nigeria Centre for Disease Control, through the Federal Ministry of Health, to critically evaluate her as a matter of urgency and if proved otherwise, should be allowed to go home.” The parliament also tasked t...
Scores flee as bandits sack Niger communities
File Photo Bandits on Tuesday sacked three communities in the Shiroro Local Government Area of Niger State. It was learnt that Galkogo, Farindoki and Rafin seyin communities, made up of about 1,500 people, were forced to abandon their homes as a result of the attack. A source close to one of the affected communities said it began about 12 noon. It was gathered the bandits, numbering about 60, blocked all the entry routes into the communities to prevent the people from escaping. “It is possible the bandits just wanted to show force and at the same time disrupt movement today, being our major market day in Zumba town. “Nobody could go to market today from these three communities because they blocked every road in and out as people scampered to safety, all the vehicles that were heading to Zu...
Nigeria’s coronavirus deaths jump to 158
Nigeria has recorded 158 Coronavirus deaths, with Lagos and Kano topping the chat. According to the Nigerian Centre for Disease Control, NCDC, on Tuesday, Lagos and Kano both have 33 coronavirus deaths each. Borno recorded 16 deaths while Sokoto rakes in 13 deaths from the deadly pandemic. Katsina ramps up 11 deaths, while FCT has seven and Ogun and Zamfara have five deaths each. Others are: Edo and Osun, four deaths; Bauchi, Kaduna, Kebbi, Rivers and Delta recorded three deaths respectively; Jigawa, Oyo, Akwa Ibom recorded three cases each, while Gombe, Kwara, Nasarawa, Yobe, Ondo and Ekiti have recorded one case each. Get more stories like this on Twitter
Chinese nationals arrested for alleged N50 million bribe
The Economic and Financial Crimes Commission has apprehended two Chinese nationals for allegedly offering bribe to the head of its Sokoto zonal office and his investigating team. The Chinese, Meng Wei Kun and Xu Kuoi of China Zhounghao Nigeria Limited, a construction company, were arrested in an operation that lasted four days. Parading the suspects on Tuesday, the zonal office head, Abdullahi Lawal, told newsmen the duo offered him and his investigating team the sum of one million naira to compromise him in an ongoing investigation into the company’s operations. “On May 7, 2020, I was contacted by the Managing Director, China Zhounghao Nig. Ltd, Mr Meng Wei Kun, in respect of an ongoing investigation against their company. I and my investigating team were offered the sum of N100m to compr...
Kwara records 10 fresh cases of coronavirus
The Nigeria Centre for Disease Control (NCDC) says 10 more people have tested positive to Coronavirus (COVID-19) in Kwara. This brings the total of confirmed cases of Coronavirus to 44, with nine patients discharged and one death recorded in the state. The State before now has 34 cases of the disease. The Special Assistant on New Media to the state governor, Mr Fafoluyi Olayinka, confirmed this on Tuesday in his verified official social media account. Olayinka said that the number of active cases as at 8 p.m is 34, while nine have so far been discharged and one death recorded. Get more stories like this on Twitter
Chelsea still keen on signing RB Leipzig forward Timo Werner
Chelsea are maintaining their interest in RB Leipzig forward Timo Werner despite the fact that Liverpool are leading the race to sign the Germany international, 90min reports. The 24-year-old has enjoyed a superb season with Leipzig where he has scored 27 goals and registered 12 assists across all competitions. Out of those, 25 goals and seven assists have come in the Bundesliga, where he has helped his team keep up with Bayern Munich in the race for the Bundesliga title. In recent months, Jurgen Klopp’s side have been touted as the favourites to sign the German forward but they have yet to make an official approach to land his signature. Werner currently has a £52m release clause on his contract but the Reds are yet to trigger the value, given they are assessing the financial impact of th...
House of Reps wants local airlines to evacuate stranded Nigerians abroad
The House of Representatives has urged President Muhammadu Buhari to direct the Federal Ministries of Foreign Affairs and Aviation to ensure that local airlines enjoy the right of first refusal, where Nigerians need to be evacuated. This was sequel to the unanimous adoption of a motion by Rep. Mohammed Bello (APC-Kano) and eight other lawmakers, at the plenary on Tuesday. While moving the motion, Bello said that the two ministries and the Presidential Task Force (PTF) on COVID–19 had engaged foreign airlines to evacuate Nigerians stranded in Dubai, London and America, due to the COVID-19 currently ravaging the world. He listed the airlines to include Ethiopian Airlines, British Airways and Emirates. According to the lawmaker, the economic objective of Nigeria, under the 1999 Constitution, ...
Nigeria records 146 new coronavirus cases, total now 4,787
The Nigeria Centre for Disease Control (NCDC) has confirmed 146 new cases of COVID-19 in the country, bringing the total number of confirmed cases to 4,787. The centre disclosed this on Tuesday night via its verified Twitter handle. It tweeted: “146 new cases of #COVID19; 57-Lagos 27-Kano 10-Kwara 9-Edo 8-Bauchi 7-Yobe 4-Kebbi 4-Oyo 3-Katsina 3-Niger 2-Plateau 2-Borno 2-Sokoto 2-Benue 1-Gombe 1-Enugu 1-Ebonyi 1-Ogun 1-FCT 1-Rivers.” 146 new cases of #COVID19; 57-Lagos27-Kano10-Kwara9-Edo8-Bauchi7-Yobe4-Kebbi4-Oyo3-Katsina3-Niger2-Plateau2-Borno2-Sokoto2-Benue1-Gombe1-Enugu1-Ebonyi1-Ogun1-FCT1-Rivers 4787 cases of #COVID19 in NigeriaDischarged: 959Deaths: 158 pic.twitter.com/vlqzSxqacq — NCDC (@NCDCgov) May 12, 2020 Get more stories like this on Twitter
Tencent Music Revenue Hit New Highs in Q1 as Coronavirus Spread Through China
The Chinese music streaming company took a hit, but still grew earnings 27.4% year-over-year. Tencent Music Entertainment (TME), the Chinese music streaming company with 657 million monthly listeners, took a hit from the coronavirus pandemic in the first quarter but was able to grow both music subscribers and revenue. According to the company’s earnings report released Monday, Q1 music revenues leapt 27.4% year over year to $288 million while monthly average users grew 0.5%. Even though the pandemic led people to spend more time with entertainment, TME’s social media revenue rose just 3.3% even though 256 million people, a 13.3% gain, used its social app, WeSing. Still, music is a relatively low earner for TME; social media delivered an average revenue per media revenue per user of $15.65 ...
Rivers PDP expels wanted youth leader
File Photo Ahead of Tuesday’s inauguration of new Rivers State Executive Committee of the Peoples Democratic Party (PDP), the party has expelled its Eleme Local Government Area (LGA) Youth Leader, Princewill Osaroejiji, who is wanted for alleged role in demolished Prodest Hotel’s saga. The development comes as elder statesman and PDP stalwart, Prince Emma Anyanwu chided leader of the Movement for Actualization of Sovereign State of Biafra (MASSOB), Ralph Uwazuruike, over “hate” comments against Governor Nyesom Wike. A statement by Felix Obuah, outgoing Chairman of Rivers PDP, noted that Osaroejiji of Eleme Alode Ward 2 of the party was being expelled for “insubordination, flagrant rascality, disobedience to directives of the State Government on COVID-19 and acts of criminality.” Obuah furt...
