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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Nigeria Confirms First Case of Coronavirus

                  Ehanire, Sanwo-Olu to hold press conferences on the case by 9am in Abuja and Lagos Friday

                  Agusto & Co. | February 28, 2020
                  Nigeria Confirms First Case of Coronavirus
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                  The federal government has confirmed the first case of coronavirus, officially known as COVID-19, in Nigeria.
                  The deadly virus was confirmed by the Minister of Health, Dr. Osagie Ehanire, in a statement issued in the wee hours of today that the case is an Italian citizen who works in Nigeria and returned from Milan, Italy to Lagos on February 25, 2020.

                  According to the minister, the case was confirmed by the Virology Laboratory of the Lagos University Teaching Hospital, which is part of the Laboratory Network of the Nigeria Centre for Disease Control (NCDC).
                  He, however, gave an assurance that it has already started working to identify all the contacts of the patient – an Italian, who arrived the country from Milan.

                  “The patient is clinically stable, with no serious symptoms, and is being managed at the Infectious Disease Hospital in Yaba, Lagos,” the minister said.

                  He further gave an assurance that the federal government, through the Federal Ministry of Health has been strengthening measures to ensure the outbreak in Nigeria is controlled and contained quickly.

                  “The multi-sectoral Coronavirus Preparedness Group led by the Nigeria Centre for Disease Control (NCDC) has immediately activated its national Emergency Operations Centre and will work closely with Lagos State Health authorities to respond to this case and implement firm control measures,” the minister explained.

                  “I wish to assure all Nigerians that we have been beefing up our preparedness capabilities since the first confirmation of the cases in China, and we will use all the resources made available by the government to respond to this case.

                  “We have already started working to identify all the contacts of the patient, since he entered Nigeria. Please be reminded that most people who become infected may experience only mild illness and recover easily, but it can be more severe in others, particularly the elderly and persons with other underlying chronic illnesses. All Nigerians should take care of their health and maintain hands and respiratory hygiene to protect themselves and others, including their own families, following the precautions below:

                  “Regularly and thoroughly wash your hands with soap and water, and use alcohol-based hand sanitizer.

                  “Maintain at least one and a half metres (five feet) distance between yourself and anyone who is coughing or sneezing.
                  “Persons with persistent cough or sneezing should stay home or keep a social distance, but not mix in crowd.

                  “Make sure you and people around you, follow good respiratory hygiene, meaning cover your mouth and nose with a tissue or into your sleeve at the bent elbow or tissue when you cough or sneeze. Then dispose of the used tissue immediately.

                  “Stay home if you feel unwell with symptoms like fever, cough and difficulty in breathing. Please call NCDC toll free number which is available day and night, for guidance- 0800-970000-10. Do not engage in self-medication

                  “Stay informed on the latest developments about COVID-19 through official channels on TV and Radio, including the Lagos State Ministry of Health, NCDC and Federal Ministry of Health,” the minister explained.

                  Ehanire urged Nigerians not to abuse social media and indulge in spreading misinformation that causes fear and panic.
                  He pledged that the ministry and NCDC will continue to provide updates and will also initiate all measures required to prevent the spread of any outbreak of the virus in Nigeria.

                  Also, the Lagos State Ministry of Health has confirmed the first case of the virus.
                  The state Commissioner for Health, Prof. Akin Abayomi, in a statement issued this morning, said the state government had reported it to the Federal Ministry of Health.

                  “The case, which was confirmed on February 27, 2020, is the first case to be reported in Nigeria since the outbreak in China in January 2020.
                  “The case is an Italian citizen who entered Nigeria February 25, from Milan, Italy, for a brief business visit.

                  “He fell ill on February 26 and was transferred to Lagos State Biosecurity Facilities for isolation and testing. COVID-19 infection was confirmed by the Virology Laboratory of the Lagos University Teaching Hospital, part of the Laboratory Network of the Nigeria Centre for Disease Control. The patient is clinically stable, with no serious symptoms, and is being managed at the Infectious Disease Hospital in Yaba, Lagos,” the statement added.

                  Meanwhile, THISDAY gathered that the health minister will hold a press conference in his office in Abuja today by 9a.m. to inform Nigerians on how the federal government and its agencies hope to tackle the spread of the deadly virus.

                  It was also gathered that the Lagos State Governor, Mr. Babajide Sanwo-Olu, will equally hold a press conference at the Lagos Marina by 9a.m. on measures and steps the state government will take to contain the virus.

                  Before yesterday’s confirmation of the virus, Ehanire had disclosed that the Lagos State, in collaboration with his ministry, was well prepared and ready to contain the infectious disease, if eventually it broke out in Nigeria.

                  Ehanire gave this assurance after inspecting facilities at the Emergency Response Readiness designated for the Coronavirus victims at the Mainland Hospital, Yaba in Lagos.

                  Responding to rumours of the suspected case of coronavirus, the Lagos State government had earlier yesterday said that the Chinese citizen who was presented at the Reddington Hospital, Ikeja and suspected to have COVID-19, had tested negative to the virus.

                  The Commissioner for Health, Abayomi who made this known through a press statement, noted that the likelihood of COVID-19 infection in this particular patient was very low, adding that the conclusion of investigations and sophisticated testing confirms that there is no case of Coronavirus in the state.

                  Before the clarification by the state government, the Reddington Hospital Group had also described as false, reports that a Chinese national had tested positive to COVID-19 in its hospital in Ikeja.

                  Before the virus was confirmed in Nigeria today, it had spread throughout China and to 31 other countries and territories, including the United States, infecting over 80,000 and killing more than 2,700, the vast majority in China.

                  Africa’s first COVID-19 case was reported earlier this month in Egypt but the country’s Ministry of Health and the WHO later announced that the foreign national who was found to be carrying the coronavirus in Egypt had tested negative for the disease.

                  However, Algeria’s health ministry reported the country’s first case of the virus officially, after tests indicated that an Italian who arrived in the country on February 17 had tested positive.

                  Nigeria and Algeria are among the 47 countries in the WHO African region.
                  Nigeria’s case, which was confirmed Thursday, February 27, is the first case to be reported since the beginning of the outbreak in China in January.

                  Lawan Decries Improper Screening for Virus at Airports

                  Meanwhile, earlier thursday, the President of the Senate, Dr. Ahmad Lawan, had accused the Federal Ministry of Health of not putting serious measures in place to screen passengers and prevent the outbreak of Covid-19 in Nigeria.

                  He urged the Senate Committee on Primary Healthcare to liaise with the ministry to intensify screening of passengers at the airports and seaports.
                  Meanwhile, President of the Senate, Lawan, earlier yesterday accused the Federal Ministry of Health of not putting serious measures in place to screen passengers and prevent the outbreak of Coronavirus, now known as Covid-19, in Nigeria.

                  He spoke following a point of order by the Deputy Senate Leader, Senator Ajayi Boroffice, who drew the attention of the Senate to the failure of health personnel at the airports and seaports to thoroughly screen incoming passengers.

                  The Senate president explained that he was subjected to screening for Coronavirus on arrival at a South African airport recently, adding that the screening in South African airports usually takes up to 30 minutes before passengers would be allowed to disembark from the aircraft.
                  He said the situation was different on his arrival in Nigeria as airport health officials merely issued a form for passengers to indicate if they were sick or not.

                  “When we arrived (at) the airport in South Africa, we were not allowed to exit the aircraft for good 30 minutes. Officers of the medical corps of the South African army came into the aircraft and screened everybody before we were allowed to go out.

                  “When I arrived yesterday at Nnamdi Azikiwe Airport, there was no screening. All we were given is a sheet of paper to indicate whether we were sick, whether we have been to one country or the other, how we’ll be contacted in (an) emergency. How do you know whether I fall sick after I left the airport? This is very frightening,” he said.

                  Boroffice said he brought the attention of the Senate to his experience for the Federal Ministry of Health and other concerned agencies to take note.
                  Lawan commended Boroffice for raising the issue.

                  He said every country in the world was making efforts to ensure that the virus did not cross their borders.

                  He said although the Federal Ministry of Health and other associated agencies were doing their best, their best was not good enough.
                  In a related development, a total of 11 suspected cases of Covid-19 have tested negative, a senior official with the NCDC said Thursday.

                  The NCDC Director General, Dr. Chikwe Ihekweazu, told reporters in Abuja that Nigerians need not worry about the virus as they are safe.
                  He said when a high-risk traveller with symptoms arrives in the country, the person would be taken from the airport to an isolation centre and samples would be collected immediately for testing.

                  “If confirmed, appropriate management will commence, but if negative, the person would still be monitored for 14 days and retested.
                  “When a high-risk traveller that is not symptomatic comes into the country, the person is advised to stay at home for 14 days and report immediately if he/she develops symptoms. We also ensure we collect contact details of the person while an official is attached to the person to monitor him/her daily for 14 days.

                  “If the person develops symptoms within 14 days of arrival in the country, samples would be collected for confirmation. If confirmed, the person goes into our isolation centre where he would be managed appropriately,” he said.

                  Ihekweazu described a high-risk traveller as someone who has had contact with a confirmed Covid-19 case or was travelling from China, particularly Wuhan.

                  According to him, four laboratories in Nigeria have the capacity to test for Covid-19, adding that these laboratories are within the NCDC laboratory network and are in contact 24/7.

                  “We are in close communication with the Lagos State Ministry of Health and other states, and will inform the public once there’s a confirmed case in Nigeria,” the director general said.

                  Ihekweazu assured Nigerians that the NCDC would continue to closely monitor the outbreak of the virus globally.

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