COVID-19: What you must do before travelling to the UK, by British Airways

British Airways

COVID-19: What you must do before travelling to the UK, by British Airways British Airways (BA) has advised Nigerians intending to travel to the United Kingdom from Lagos and Abuja to access up-to-date and compulsory COVID-19/ health information and requirements before departing Nigeria. The BA management in Lagos said the advice became necessary as many travellers come to the airport without the necessary requirements thereby causing unnecessary flight delays. “It is mind boggling to see that so many people still come to the airport without the requirements. Nigeria is not…

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Nestle declares N28.1bn dividend as pandemic impacts operations

Nestle declares N28.1bn dividend

Nestle declares N28.1bn dividend as pandemic impacts operations   Nestle Nigeria Plc, leading consumer goods company, has reported positive performance metrics for the year ended December 31, 2020, albeit the performance reflected the harsh economy environment caused by Coronavirus pandemic in the year. The company has just declared payment of N28.1 billion to its shareholders as the final dividend for the period ended 31st December 2020. According to the announcement made available to its shareholders and the investing public via the website of the Nigerian Stock Exchange, Nestle is expected to pay…

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Google.org’s new tracking tool leverages global health stats to tackle COVID-19

Google.org has joined hands with a consortium of COVID-19 researchers to announce the launch of Global.health. Global.health is an open-access epidemiological data platform that enables experts to track disease spread in real-time and to forecast future outbreaks, so informing effective government and public response. With the support of Google.org, researchers from Boston Children’s Hospital, Northeastern University and Oxford University created Global.health with the express purpose of leveraging anonymised data from open-access authoritative public health sources to track disease progression. “Data has always been a vital tool in understanding and fighting…

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Ramaphosa prioritizes recovery, vaccinations in speech to parliament

South African President Cyril Ramaphosa

Ramaphosa prioritizes recovery, vaccinations in speech to parliament   South African President Cyril Ramaphosa urged support for his government’s efforts to deal with the COVID-19 pandemic as it struggles to implement a vaccination program and an economic recovery plan. South Africa this week halted the use of the Oxford-AstraZeneca vaccine to start inoculating front-line healthcare workers after it was found to be minimally effective in preventing mild to moderate cases of the disease caused by the variant dominant in this country. Instead, the one-dose Johnson and Johnson vaccine will be…

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COVID-19: Subscriber group calls for immediate suspension of NIN Registration

JUST IN: FG relaxes ban on new SIM Card activation​

COVID-19: Subscriber group calls for immediate suspension of NIN Registration   The Association of Telephone, Cable TV and Internet Subscribers of Nigeria (ATCIS) has urged the Federal government to suspend the ongoing NIN registration by telephone subscribers nationwide immediately. Making the call while addressing newsmen in Lagos recently, Prince Sina Bilesanmi, the national president of the association, said the suspension becomes necessary as more Nigerians are on daily basis being exposed to the dangers of the dreaded Covid-19 pandemic as they throng the National Identity Management Commission (NIMC) offices in…

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Trump signs $900bn Covid relief bill

$900bn Covid relief bill

Trump signs $900bn Covid relief bill   After delaying for nearly a week and under pressure from all sides, US President Donald Trump finally signed a massive $900 billion stimulus bill Sunday, in a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic. The package “providing coronavirus emergency response and relief” is part of a larger spending bill that, with Trump’s signature, will avoid a government shutdown on Tuesday. “I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for…

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JUST IN: World Bank finally approves Nigeria’s $1.5bn loan request

World Bank cuts Nigeria’s 2021 growth forecast

The World Bank has finally approved Nigeria’s $1.5 billion loan request. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year country partnership framework (CPF) that will last from 2021 to 2024. The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). “This country partnership framework will guide our engagement for the next five years in supporting the government of Nigeria’s strategic priorities by taking a phased and adaptive approach,” Shubham Chaudhuri, World Bank…

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Emirates offers first ever $500,000 multi-risk travel coverage for passengers

Emirates Airlines suspends flights from Nigeria

Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the first of its kind in the airline and travel insurance industry. It is designed to provide all Emirates passengers a truly unique offer for stress-free and hassle-free travel. This new multi-risk travel insurance and COVID-19…

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Nigeria plunges into recession as COVID-19, oil prices bite

Nigeria plunges into recession as COVID-19, oil prices bite

Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to official data released. Africa’s biggest economy is in recession in less than five years with the 2016 recession four years ago, being its first in a generation, and the country emerged from it the following year, 2017. However, the growth of the Africa’s biggest economy has been fragile and this was further worsened by COVID-19 pandemic that disrupted both local and global economy amid low oil prices. The continent’s top oil producer…

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$3bn COVID-19 bond earns AfDB global recognition

AfDB commits $530m to renewable power transmission in Angola

The African Development Bank (AfDB) has been selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GlobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years. GlobalCapital is a leading source of information on global capital markets with coverage of all market segments. “We are grateful for the market’s recognition of the…

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