Moderna gave its mRNA-based seasonal flu vaccine to the first set of volunteers in a clinical trial, the pharmaceutical company announced today. The start of the trial marks the next stage of the company’s work on this type of vaccine technology after the overwhelming success of its COVID-19 vaccine, which was built using the same strategy. Before the COVID-19 pandemic, mRNA vaccines were still largely experimental, even as they were heralded as the future of vaccine development. People who get an mRNA vaccine are injected with tiny snippets of genetic material from the target virus. Their cells use that genetic information to build bits of the virus, which the body’s immune system learns to fight against. The high efficacy of the mRNA COVID-19 vaccines made by Moderna and Pfizer / BioNTec...
Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. In a statement on Tuesday, the cement producer said the bonds were issued on May 26, 2021 at coupon rates of 11.25 percent, 12.50 percent and 13.50 percent for the three, five and seven-year tranches respectively. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange. Dangote Cement said that the proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements. “Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme ena...
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...
Governor of Oyo State, ‘Seyi Makinde, has declared that God will redeem Nigeria from its current challenges of insecurity, ethnic and religious tension starting from Oyo State. The governor, who dwelt on the uniqueness of figure seven, said that God will use the seventh election in the Fourth Republic coming up in 2023 to get Nigeria to perfection. According to him, the fact that Oyo State currently produced the Seventh President of the Christian Association of Nigeria (CAN), the Pentecostal Fellowship of Nigeria (PFN), as well as the Worldwide President of the Christ Apostolic Church (CAC) is a sign that God loves Oyo State and would redeem the country starting from Oyo. A statement by the Chief Press Secretary to the governor, Taiwo Adisa, indicated that the governor also challenged Nige...
The International Criminal Police Organisation (INTERPOL) has warned against the purchase of COVID-19 vaccines online. INTERPOL noted that criminals have started producing and selling fake vaccines through online platforms. The law enforcement organisation, in a statement published on its website, said members of the public that purchase such fake vaccines are at risk of serious health hazards. “With criminal groups producing, distributing and selling fake vaccines, the risks to the public are clear: these can include buying a product which not only does not protect against COVID-19, but poses a serious health hazard if ingested or injected. Such products are not tested, regulated or safety-checked,” the statement read. “Legitimate vaccines are not for sale. They are strictly administered ...
Yoruba monarchs warn Nigerians to stop making inflammatory comments
Alaafin of Oyo, Oba Lamidi Adeyemi, and the Oluwo of Iwoland, Oba Abdul-Rasheed Akanbi, yesterday, cautioned Nigerians against making inflammatory statements that could ignite ethnoreligious crisis in the country. The monarchs gave the warning during the visit of Oba Akanbi to the Alaafin’s palace, in Oyo. Asking those stoking ethno-religious crises to have a retrospective look at the past, the monarchs advised that anything that could fan the embers of discord should be avoided. They said: “Nigerians must exercise restraints; they must bear in mind Nigeria’s long history of ethno-religious conflicts, as people use this type of deep-seated animosity in their speech precisely because of the culture of impunity which reigns in the country.” “What is more, hate speech is an agent provocateur ...