CO
Facebook hits $1 trillion valuation for first time
Social media giant, Facebook, has hit a $1 trillion valuation, following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals against the social networking company. The FTC has claimed that Facebook is exercising monopoly as the social media giant controls over 60% of the social-networking market. In the ruling of the case, US District Judge James Boasberg in Washington dismissed the claim, as he explained that there was no proof to support their claim. In a separate case, 46 state attorneys general formed a coal...
PDP: OGSIEC plotting to shut us out of Ogun council poll
The Ogun chapter of Peoples Democratic Party has accused the Chairman of the State Independent Electoral Commission, OGSIEC, Barr. Babatunde Osibodu, of meddling in the affairs of the party. Alh Sikirulai Ogundele, Ogun chairman of PDP said this during a press conference at the Ogun NUJ Secretariat, Okelewo, Abeokuta. Ogundele who was accompanied by some aggrieved members of the party, said there was a renewed calculated attempt by OGSIEC to keep meddling in the affairs of the party by deliberately obstructing the cause of justice as far as PDP’s participation in the forthcoming LG election is concerned. He said this was in spite of the fact that that the party had gone through a phase of robust reconciliation of all interests while verifiable documents have been submitted to properly guid...
Seplat issues $650 million oil and gas bond
Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...
Oyo rolls out coronavirus vaccination programme
The Oyo State Government on Wednesday joined other states across Nigeria to rollout the COVID-19 vaccination exercise. The state flagged off the exercise in Ibadan with the first consignment of 127,740 doses it received from the Federal Government. Gov. Seyi Makinde was inoculated with Oxford/AstraZeneca vaccine at exactly 12.20 p.m. During the flag-off, Makinde said that the state had made decision on a sterility test of the vaccine as precautionary measure to ascertain its safety and efficacy. “I have very low tolerance for physical pain, but when duty calls you have to do what you have to do. “I am getting vaccinated today as a show of leadership and to let the people know that they have to be protected. “I ordered for sterility tests because when I asked questions about the origin of t...
RB Leipzig boss emerges as Tottenham’s ‘top target’ to replace Jose Mourinho
RB Leipzig boss Julian Nagelsmann has emerged as the likely candidate to replace Jose Mourinho, should Tottenham’s current slump continue. Spurs began the season in excellent form and even topped the table as recently as early December, yet just a few months later, Mourinho’s men find themselves 23 points behind leaders Manchester City and with a real job to do to secure a top-four spot. Their defeat to London rivals West Ham United on Sunday means they are now nine points behind the Hammers in fourth, albeit with a game in hand on David Moyes’ side. Despite a late rally in that game, inspired by half-time substitute Gareth Bale, Tottenham’s defensive woes once again came to the fore, the centre-back pairing of Eric Dier and Davinson Sanchez looking particularly shaky in recent weeks. With...
RB Leipzig boss emerges as Tottenham’s ‘top target’ to replace Jose Mourinho
RB Leipzig boss Julian Nagelsmann has emerged as the likely candidate to replace Jose Mourinho, should Tottenham’s current slump continue. Spurs began the season in excellent form and even topped the table as recently as early December, yet just a few months later, Mourinho’s men find themselves 23 points behind leaders Manchester City and with a real job to do to secure a top-four spot. Their defeat to London rivals West Ham United on Sunday means they are now nine points behind the Hammers in fourth, albeit with a game in hand on David Moyes’ side. Despite a late rally in that game, inspired by half-time substitute Gareth Bale, Tottenham’s defensive woes once again came to the fore, the centre-back pairing of Eric Dier and Davinson Sanchez looking particularly shaky in recent weeks. With...
US election: Republicans hold back Democrats, narrowing path to Senate control
The battle for power in the Senate tightened into Wednesday as Democrats picked up a seat in Colorado, but suffered a setback in Alabama, and Republicans held their own in high-profile races in South Carolina, Iowa, Texas and Kansas, dramatically narrowing the political map. Republicans fought to retain their Senate majority by turning back a surge of Democrats challenging allies of President Donald Trump, and the Democrats’ various paths to seizing control were growing more limited. With several contests still too early to call, and one Georgia race heading to a January runoff, the final verdict is expected to drag on. Democrats gained a seat when ex-Gov. John Hickenlooper ousted GOP Sen. Cory Gardner in Colorado, a must-win to flip the Senate, but couldn’t hold on in Alabama, where forme...
Pfizer, BioNTech dose U.S first participants of trial coronavirus vaccine
Pfizer Inc. and BioNTech SE announced on Wednesday, May 6, 2020, that the first participants have been dosed in the U.S in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. The trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week. The Phase 1/2 study is designed to determine the safety, immunogenicity and optimal dose level of four mRNA vaccine candidates evaluated in a single, continuous study. The dose level escalation portion (Stage 1) of the Phase 1/2 trial in the U.S will enrol up to 360 healthy subjects into two age cohorts (18-55 and 65-85 years of age). The first subjects immunized in Stage 1 of the study will be healthy adults 18-55 years of age. Older adults will only be immunized with ...
