The US is to distribute half a billion shots of the Pfizer vaccine to nearly 100 poorer countries. Some 200 million doses will be given out this year and 300 million in 2022. It comes as US President Joe Biden said before leaving for the G7 summit in Cornwall that he would be announcing a vaccine strategy for the world. The US would pay for the doses at a “not-for-profit” price, according to the New York Times, which said the plan could be officially announced on Thursday. The shots will go to 92 lower-income countries and the African Union, sources told the Reuters news agency. Pfizer and the White House have so far not officially commented. America is well advanced in its vaccine rollout but campaigners have called for richer countries to do more to help protect developing nations. It’s ...
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...