Executive Officer
Moderna starts human trials of an mRNA-based flu shot
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 completes issuance of N50 billion bond programme
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...
PSG president replaces Juventus supremo as ECA chairman
Paris Saint-Germain president Nasser Al-Khelaifi has been appointed as the new European Club Association chairman, replacing Andrea Agnelli in the wake of the Juventus executive’s departure. Agnelli stepped down from the ECA in response to the formation of the Super League, assuming the role of the new competition’s chairman. Although the Super League is not set to go ahead, Al-Khelaifi has been named as Agnelli’s replacement after his club resisted an invite to join the new competition. “I am honoured and humbled to have been appointed by my fellow ECA Executive Board Members as Chairman,” he said in a statement. “The leadership, integrity and togetherness of our organisation has never been more required than at this pivotal moment in European football. “I will provide my unconditional co...
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
Reps speaker urges Nigerians not to believe conspiracy theories about coronavirus vaccine
The speaker of the house of representatives, Femi Gbajabiamila, has advised Nigerians not to believe conspiracy theories about the COVID-19 vaccines. Many Nigerians are wary about receiving the COVID-19 vaccine amid unverified claims that it contains microchips. Faisal Shuaib, chief executive officer of the National Primary Health Care Development Agency (NPHCDA), had recently dismissed the claims as false. The first shipment of the vaccines– 3.9 million doses– arrived in Nigeria on Tuesday and the first dose of the AstraZeneca vaccine was administered today. Speaking at the national flag-off ceremony for the COVID-19 vaccination in Abuja, Gbajabiamila urged Nigerians to rally behind the federal government to fight the pandemic. He also cautioned against playing politics with the vaccinati...
Nigerian government exempts Dangote from border closure – report
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, Bloomberg reports. This is despite the closure of all land borders by the government for over one year. The move has, however, raised hopes that Nigeria may be opening up trade with neighbors after a year-long blockade. The administration of the President Muhammadu Buhari gave its authorisation for Africa’s biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months, Michel Puchercos, chief executive officer, said on an investor call in Lagos. The export was made possible “through authorisation given by this administration,” he said. The exemption to Dangote Cement is seen as a softening of the government’s position on a border closure that started in ...
