News
COVID-19: CBN Dangles N100Bn for Homegrown Vaccine
Mr. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has announced that the apex bank is ready to support researchers, science-based institutions, and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight Corona Virus Disease in Nigeria.
The apex bank governor, who spoke at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja, said the pandemic has had an unprecedented effect on the global economy, impacting all nations big and small.
According to him, so far, the Coalition Against COVID-19, (CACOVID) has raised over N27 billion to fund this initiative.
He said the donations received so far are being used to build well-equipped isolation centres across the 36 states of the federation.
“The ThisDay Dome Testing, Treating, Tracing and Isolation Centre being launched today, represents a part of the support being provided by the CACOVID alliance. So far, CACOVID has equipped and handed over isolation centres in Rivers, Enugu, Kwara, Ondo, and Borno.
”It is expected that other isolation centres will be handed over in the other states of the country including FCT, by May 23, 2020. As part of measures put in place to cushion the effect of the COVID-19, CACOVID has provided food items to poor and Indigents Nigerians”, he said.
He said Nigeria’s economy is exposed to triple shock following the spread of the disease.
”In Nigeria, our economy is exposed to triple. Shock in supply and demand and shock revenue. Permit me to say that we are currently faced with public health and economy crises of unprecedented proportion driven primarily, by a 55% drop in crude oil between January and May 2020.
”This unparalleled shock requires that the federal and the state government along with the private sector work together to address these challenges in order to preserve life and restore economic activities and reset the economy of our dear county.
”I which to acknowledge, however, that our ability to restore the growth of our economy is dependent on how we address our public health crises occasioned by the COVID 19.
”It is in the realization of this fact that the CBN recently launched a N100 billion Nara health care intervention fund. Practitioners in the pharmaceutical and health care sector will be able to access finance at a single-digit interest rate through these funds.
”Needless to say that if we wait for other countries to develop a vaccine, we will be the last to receive curative remedy for our teeming population.
”The CBN, today, challenges Nigerian scientist to go back into their laboratories and develop Nigeria homegrown vaccine. Once validated by the authorities, the CBN will step in and do the needful for the sake of 200m Nigerians now confronted by COVID 19”, he said.
Also, speaking at the event, Mr. Boss Mustapha, secretary to the Government of the Federation said the facility being commissioned is 300-bed space which will be increased to 500-bed space and 54 gene testing facilities.
He also said from January 30th till date, there has been 4.2 million confirmed cases, 287, 000 fatalities and 1.5 million recovery globally.
According to him, in Africa, 62,000 confirmed cases have been recorded with 2,200 fatalities across 53 countries.
Dr. Osagie Ehanire, minister of health, who also spoke at the event said it takes all hands on deck to tackle the worst single public health emergency of our generation.
”The nature of this virus makes the identification and isolation of infected persons and their contacts a public health imperative and the importance cannot be over-emphasized” he said.
News
Substandard CNG Cylinder is Recipe for Disaster- SON
Standards Organisation of Nigeria (SON) has warned the public against the use of substandard and uncertified Compressed Natural Gas (CNG) cylinders.
The warning is coming in the wake of the unfortunate recent incident of CNG cylinder explosion at the NIPCO CNG Refueling Station in Benin City, Edo State.
In a statement, the organisation said it has put robust and effective regulatory measures in place to ensure that all CNG equipment and conversion kits conform to approved standards before being certified for public use.
“The conformity assessment schemes are designed to prevent the import, manufacturing, and use of substandard products,” it stated.
In addition, SON said it is collaborating with the Presidential Initiatives on CNG and other relevant government bodies to finalise the Nigerian Gas Vehicle Monitoring System (NGVMS) – a platform that will provide centralized monitoring and surveillance of CNG systems to ensure that only vehicles equipped with certified conversion kits can access gas at retail outlets.
“The NGVMS will also offer a database of approved CNG equipment and suppliers which will go a long way in preventing the substandard installations and further mitigating the associated risks.”
News
Access Bank Wins Best Digital, Best Website at 2024 Digital Jurist Awards
Access Bank PLC has been named the 2024 Best Digital Award Winner in the Commercial Banks Category at the Digital Jurist Awards, organized by Phillips Consulting (pcl.).
In addition to this top honour, the Bank also secured the Best Website Award, achieving an impressive score of 201 points for its engaging and user-friendly digital experience. Access Bank’s cumulative score of 380 points reflects its excellence across digital touchpoints, including its website, web portal, mobile app, and social media.
Commenting on the recognition, Amaechi Okobi, Chief Communications Officer of Access Holdings PLC, said, “We are honoured to receive the Best Digital and Best Website Awards at this year’s Digital Jurist Awards. At Access, our focus on digital innovation is driven by our commitment to deliver seamless, secure, and customer-centric solutions across all touchpoints.
This recognition validates our ongoing efforts to enhance our digital platforms, making financial services more accessible and efficient for our customers. We thank Phillips Consulting for recognising our efforts and will continue to raise the bar in digital excellence.”
Phillips Consulting has long served as a development partner to Nigerian financial institutions and other organisations with an online presence. Leveraging its proprietary Digital Jurist platform, the firm has conducted assessments of digital touchpoints in various sectors, from financial services and insurance to telecommunications and government agencies, over the past 17 years.
Originally established as Web Jurist®, the platform was reimagined as Digital Jurist to assess new and diversified digital channels in the evolving digital economy. Digital Jurist’s evaluation framework examines a range of factors, including user experience, accessibility, performance, functionality, security, customer service, support, marketing, and content engagement across digital platforms.
These awards reinforce Access Bank’s leadership in digital banking, adding to recent accolades including 2024 Best Digital Bank and Best Mobile Banking App by World Finance, Best Mobile Banking App and Best Digital Bank by The Digital Banker Awards, and Best Digital Banking Initiative at the Global Retail Banking Innovation Awards 2024.
News
Foreign Secretary Lammy Unveils Flagship UK-Nigeria Soft Power Campaign
Rt Hon David Lammy MP, has launched a flagship soft power campaign ‘Jollof and Tea’, which celebrates the UK and Nigeria’s cultural and creative ties.
He unveiled the campaign at a reception yesterday in Lagos, on his first visit to Africa as UK Foreign Secretary.
Hosted by the British Deputy High Commissioner in Lagos, Mr Jonny Baxter, the reception was attended by, the Nigerian Minister of Art, Culture, Tourism & Creative Economy, Hon. Musawa Hannatu, the British High Commissioner to Nigeria, Dr Richard Montgomery, CEO of British Film Institute (BFI), Ben Roberts, and other key figures in the creative industry.
At the launch, the UK Foreign Secretary unveiled a first of its kind phone booth, designed by Frederick ‘Dricky’ Stickman, a young, talented Nigerian graffiti and visual artist, based in Lagos.
He reiterated the UK’s commitment to encouraging talent in Nigeria and diaspora, pledging the UK’s support to strengthen partnerships in the creatives sector to benefit both our economies, including through the British Council which celebrated its 80th anniversary in Nigeria (and 90 years globally) this year.
Commenting on the campaign, the British Deputy High Commissioner in Lagos, Mr. Jonny Baxter said: “The ‘Jollof and Tea’ campaign is designed to showcase the length and breadth of the UK – Nigeria partnership including the creative and cultural sectors.
“It will help raise awareness about the existing connections between the UK and Nigeria and take forward ongoing efforts by both our countries to strengthen our people-to-people links.”
While in Lagos, the Foreign Secretary attended the closing evening of Art X West Africa’s leading art fair and took a tour of the exhibition alongside Tokini Peterside-Schwebig, founder of Art X.
He also had a mini- bilateral meeting with Hon. Minister Hannatu, to understand Nigeria’s ideas for collaboration with the UK, and how the recently launched UK-Nigeria Enhanced Trade & Investment Partnership (ETIP) can help drive growth in the creative industries.
- News2 days ago
FG to Deploy Drones to Curb Oil Theft in Niger Delta – Lokpobiri
- Telecom2 days ago
MobileCoreX Taps Wireless Technology Labs in Multi-Million Dollar Deal to Build New Mobile Core Network across Nigeria
- Broadcasting2 days ago
Ngozi Anyaegbunam, Veteran Journalist, Dies At 67
- E-Financial16 hours ago
Cybersecurity Expert Raises Alarm, Warns against Use ATM Card PIN for Online Transactions
- News2 days ago
Hydro Electric Core Generator Bags Renewable Energy Innovation Challenge 2024
- Broadcasting2 days ago
Fire Razes 3 Radio Stations in Abia
- E-Business16 hours ago
Firm Identifies Key Signs of AI Usage in Phishing Attacks
- E-Business16 hours ago
How to Choose the Best Site to Convert BTC to Naira: The Key Features to Consider