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CSCS reiterates commitment to deepening capital market

The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...

Women lament high cost of food items, consumables in Makurdi

Residents, particularly housewives in Makurdi, the Benue state capital, have lamented the increase in prices of food items. A survey conducted by NAN on Tuesday in Makurdi showed that prices of food items have been increasing on a daily basis. Many housewives interviewed by newsmen said that feeding their families has now become very difficult as the prices of essential food items have multiplied in the past few months. Mrs Rose Onazi, a housewife, said that the sharp rise in prices of various goods, especially food and household items, has made nonsense of the amount she receives as a monthly housekeeping allowance from her husband. Onazi said that many of the items she bought a week before had increased either by 50 per cent, 100 per cent or even more. She said that the development had s...

Resident doctors decry Nigerian government scrapping of officers, interns salary

The Nigerian Association of Resident Doctors (NARD) has decried the scrapping of the salary of medical house officers and other health interns by the Federal Government. Dr Uyilawa Okhuaihesuyi, the President of NARD, said this while speaking with newsmen on Saturday in Abuja Okhuaihesuyi said that the NARD was making its own investigation to confirm the veracity of the news, adding that it would be addressed appropriately. Newsmen report that the Federal Government through the National Council of Establishment (NCE) stopped the salaries of medical house officers. Others categories of officers affected include dental house officers, nurse interns, pharmacist interns, medical laboratory science interns, and NYSC doctors. Dr Folashade Yemi-Esaa, the Head of the Civil Service of the Federatio...

Southeast Asian leaders discuss Myanmar crisis with junta chief

Southeast Asian leaders began a crisis meeting on Myanmar on Saturday aiming to persuade Senior General Min Aung Hlaing, who led the military takeover that sparked turmoil in his country, to forge a path to end the violence. The gathering of leaders of the Association of Southeast Asian Nations (ASEAN) in Jakarta is the first coordinated international effort to ease the crisis in Myanmar, an impoverished country that neighbours China, India and Thailand. Myanmar is part of the 10-nation ASEAN. With participants attending in person despite the pandemic, Indonesia’s Foreign Minister Retno Marsudi said on Friday that the summit reflected the “deep concern about the situation in Myanmar and ASEAN’s determination to help Myanmar get out of this delicate situation”. It’s unusual for the leader o...

Guinea receives purchase of 300,000 Sinovac coronavirus vaccines

Guinea received on Sunday a shipment of 300,000 Sinovac COVID-19 vaccines purchased from China and is also set to receive a donation of 200,000 Sinopharm shots, Guinean Foreign Minister Ibrahima Khalil Kaba said. Kaba gave no further details on the Sinopharm donation. Guinea is reporting 93 new coronavirus infections on average each day, 59% of the peak in March. There have been 21,460 infections and 138 coronavirus-related deaths reported in the country since the pandemic began. The West African country has administered at least 109,296 doses of COVID vaccines so far, according to government data compiled by Reuters. Assuming every person needs two doses, that’s enough to have vaccinated about 0.4% of the country’s population. The World Health Organization will decide late this month or i...

Osun governor urges Muslims to embrace coronavirus vaccine

Gov. Ishaq Oyetola of Osun on Saturday urged Muslims to support government”s effort and embrace COVID-19 vaccination to curtail the spread of the life threatening virus. Oyetola gave the advice at the Ansar-Ud-Deen Society, Abuja Branch 26th Annual Ramadan Lecture and special prayer for the nation, held at the society’s Central Mosque at Maitama District, in Abuja. Newsmen report that the lecture has its theme: “Islamic Perspective on COVID-19 and Vaccination.” Represented by his Deputy Chief of Staff, Abdullah Binuyo, the governor enjoined Muslims to unite and fight COVID-19 that was threatening the life that Almighty Allah has given them to uphold and cherish. He noted that vaccination sustained life while coronavirus threatened it, saying that “as Muslims, we must rally round government...

Navy’s newest offshore survey vessel begins homeward voyage to Nigeria

The Nigerian Navy (NN), says its newest offshore survey vessel, NNS LANA, has began her homeward journey to the country. This is contained in a statement issued on Saturday in Abuja by the Director of Information, Naval Headquarters, Commodore Suleman Dahun. He, however, said the ship will visit ports in Lisbon, Las Palmas, Banjul and Tema-Ghana, before heading to Nigeria on May 17. According to Dahun, the Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, had addressed the ship’s company. The CNS noted that the foremost desire of every littoral state is to have a fleet with the right mix of platforms to meet its operational objectives. Gambo acknowledged that the homebound voyage of NNS LANA was another milestone in the NN’s fleet recapitalisation efforts. He added that the induction of N...

YPP provides girls with sexual reproductive health information

Young people, especially girls and young women faced significant barriers in accessing sexual reproductive health information and services before the COVID-19 crisis. Now, due to the pandemic, there is a risk that young people accessing this life-saving information will move even further from their reach. To address this risk, a one-day Community Forum for adolescent girls and young women was organised by the United Nations Population Fund (UNFPA) Youth Participatory Platform (YPP) in collaboration with the Lagos State Ministry of Youth in Abesan Youth Center, Alimosho, Lagos. At the event, the CDC Secretary, Mosan Okunola LCDA, Mr. Olufemo Ojo, said “We must continue to provide young girls with information that empowers them to make informed decisions regarding their health and wellbeing....

CAC aims to register new company within three hours

The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021. The commission tweeted this on Sunday via its verified Twitter handle. It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki. The commission announced last December the upgrade of its online registration portal for business. It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business. Newsmen had reported how the new regulation protocol has left businesses in the country s...

Kitchen Rave: Spotify Data Proves That Despite Uncertain Times, Dance Music Thrived During the Pandemic

This year in numbers has shown that dance music has the ability to meet any moment. A new data-driven blog post by Spotify takes us behind the scenes to showcase the dance music boom happening online, despite uncertainties posed by the global COVID-19 pandemic. There seems to be a new sense of optimism in the air, especially with vaccines in distribution, that life will once again return to normal. January seemed to mark the start of a meteoric trend, as 80,000 Spotify playlists have since been created worldwide with “dance” included in the title. In some areas like the UK, the trend towards dance streaming is accelerating, with a 26% increase in playlists containing “kitchen rave” in the title having been created in the last 90 days alone. Familiar faces are l...

Saudi Arabia announces Ramadan starts Tuesday

Saudi Arabia, home to Islam’s holiest shrines, announced that the holy fasting month of Ramadan will start on Tuesday, as Muslims worldwide face coronavirus curbs. “Tomorrow, Tuesday… is the beginning of the blessed month of Ramadan this year,” the kingdom’s supreme court said in a royal court statement. Other Muslim countries, including Sunni-majority Egypt and Lebanon, have also announced that Tuesday marks the start of Ramadan, while Shiite-majority countries like Iran are expected to start a day later. The daytime fasting month of Ramadan is one of the five pillars of Islam. Observant Muslims refrain from eating and drinking from dawn to dusk, and traditionally gather with family and friends to break their fast in the evening. It is also a time of prayers, during which Muslims typicall...

Israeli study: South African coronavirus variant may evade protection from Pfizer vaccine

The coronavirus variant discovered in South Africa may evade the protection provided by Pfizer/BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found, though its prevalence in the country is very low and the research has not been peer reviewed. The study, released on Saturday, compared almost 400 people who had tested positive for COVID-19, 14 days or more after they received one or two doses of the vaccine, against the same number of unvaccinated patients with the disease. It matched age and gender, among other characteristics. The South African variant, B.1.351, was found to make up about 1% of all the COVID-19 cases across all the people studied, according to the study by Tel Aviv University and Israel’s largest healthcare provider, Clalit. But among patient...