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Nigeria’s inflation drops to 17.93 percent

The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The 0.19 per cent decline in the headline index, makes it the second consecutive month that the rate had sustained its downward trajectory after 18 months of inflationary pressures on the economy. According to the CPI figures for May which was released by the statistical agency Tuesday, food inflation dropped to 22.28 per cent from 22.72 per cent in April. Price moderation was recorded in bread, cereals, milk, cheese, eggs, fish, soft drinks, coffee, tea and cocoa, fruits, meat, oils and fats and vegetables. On month-on-month basis, the food sub-index declined to 1.05 per cent in May ...

Nigerian government alerts health institutions of fake coronavirus vaccine in circulation

The Ministry of Health has alerted all tertiary health institutions in Nigeria of the circulation of fake COVID-19 vaccine in Africa and the need to be on the lookout. The ministry also dispelled any possibility of COVID-19 vaccines being available for sale or being administered by any unauthorised institution in the country. This was contained in a circular issued by the ministry’s Director, Department of Hospital Services, Dr. Adebimpe Adeblyi, on behalf of the minister, Osagie Ehanire. The circular dated March 26, 2021, a copy of which our correspondent sighted on Saturday was addressed to Chief Medical Directors/Medical Directors of federal tertiary health institutions. Titled “Report of fake COVID-19 vaccine destined for Africa arrested in China,” the circular has C.1693/P&P/T/22 ...

PTF: NAFDAC screening local cures for coronavirus

The Federal Government said yesterday it has evaluated claims by local researchers that they have manufactured curative drugs for COVID-19. It explained that having met preliminary requirements, the drugs had been forwarded to the National Agency for Food and Drug Administration and Control, NAFDAC, for listing. National Coordinator of the Presidential Task Force for COVID-19, Dr. Sani Aliyu, had restated the federal government’s position on Wednesday that no cure had been found for the disease. The government also expressed worries over the continued repatriation of Almajiriai by states, saying the development could fuel a spike in infections. On compliance with general safety protocols put in place against the virus, the federal government asked security agencies not to cut corners, addi...