The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, according to the sectoral analysis of banks’ credit by the Central Bank of Nigeria. Oil and gas firms, which received the biggest share of the credit from the banks, increased their debt by N600bn to N5.18tn in December 2020 from N4.58tn in December 2019. The debt owed by power firms to the banks rose to N763.22bn in December 2020 from N671.45bn in December 2019, the CBN data showed. Oil firms operating in the downstream, natural gas and crude oil refining subsectors owed N393tn as of December, up from N3.42t...
Verozil: Nigeria’s Top Herbal Drug Manufacturer Unveils COVID-19 Cure & Prevention Drug COVID-19 virus fear in Nigerian was again allayed last Thursday as the Ooni of Ife, Oba Adeyeye Ogunwusi, unveiled an indigenous drug for the cure and prevention of the viral infection. The drug named Verozil, which is available in capsules, blisters packs and liquid, was certified by the body regulating sales and use of drugs in Nigeria, the National Agency for Food and Drug Administration and Control (NAFDAC). Verozil, which was launched alongside other three indigenous drugs, was researched and produced by Yem-Kem International Group and Ooni Ojaja Global Outreach. It will be distributed by Organic Remedies. Oba Adeyeye, who spoke at the launch at the banquet hall, Ooni’s palace, Ile-Ife, said it...
The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country. Speaking on a Channels TV programme on Monday, Mamora said receiving the vaccine is not a license to disregard the already established COVID-19 travel protocol. “The protocol is there already. They need to produce evidence of taking a PCR test within the estimated time limit before boarding and the test certificate and when they come into the country, they would need to go into isolation and on the seventh day, they take the PCR test. “Having been vaccinated does not absolutely say that you can’t get the infection. What the vaccine guarantees is that if you get the infection, you are...
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday. South Africa has been the hardest-hit on the continent by the pandemic, recording almost half of the COVID-19 deaths and more than a third of reported infections. But daily cases have fallen below 2,000, from a peak above 20,000 last month during a second wave of infections. Ramaphosa said in a televised address that 2.8 million of the J&J doses would be delivered in the second quarter, with the rest spread throughout the year. South Africa started administering the single-dose J&J vaccine this month in a research study targeting healthcare workers but has not yet rolled out sh...
Music festivals in the UK are selling out in record numbers after the country’s government unveiled a timeline for ending lockdown restrictions before the summer. However, festival organizers are still wary of cancellations that could lead to detrimental financial losses without a government-backed insurance policy. On Monday, Boris Johnson announced his government’s plan to ease out of lockdown, which is set to conclude with the complete removal of social distancing restrictions on June 21st. As The Guardian reports, the news has led to major festivals like Field Day and Reading & Leeds selling out at historic rates, as demonstrated by a 600% rise in Ticketmaster traffic. “We’ve had around 2 million fans on our site with half a million visits to the Ticketmaster Festival Finder g...
The Commissioner for Health in Anambra State, Vincent Okpala, said on Thursday that the government, through its Ministry of Health, has introduced more aggressive measures, including mobile testing, in order to curb the spread of COVID-19 in the state. Mr Okpala, a medical doctor, told newsmen in Awka that the ministry has introduced a drive-through COVID-19 testing where samples would be collected while the residents go about their normal businesses. The commissioner said a mobile truck with medical officers would drive through the streets to collect samples from the people voluntarily. He appealed to the public to avail themselves of this opportunity and go out for free and voluntary testing. The mobile team would also visit churches in the state to counsel the people on the need to go f...