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Business News

Coronavirus: Ogun State bans cinemas, night clubs, restaurants, others for 30 days

Ogun State Government has banned cinemas, and other businesses that involve large gathering in the state, after the new confirmed cases of coronavirus in Nigeria.

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Coronavirus: Ogun State bans cinemas, night clubs, restaurants, other businesses from operating, COVID 19: Ogun State launches digital classes for students

Cinemas, night clubs, restaurants, cafes and many other businesses that involve large gathering have been banned from operating in Ogun State, as the government announces stricter measures after the new confirmed cases of coronavirus in Nigeria.

The state government took the decision after fresh cases of coronavirus were recorded in Lagos and Ekiti. Note that the first confirmed case of coronavirus in Nigeria was discovered in Ogun State after arriving in Nigeria for a short business trip at Lafarge facility in the state.

Coronavirus blamed for Monday’s negative performance by Nigerian stocks, Experiment centre requests volunteers to infect with coronavirus and pay them N1.6 million, Airlines cut down capacity to raise capital, as Coronavirus takes a continuous hit at their revenue

Aside from the mentioned businesses, which were banned from operating to limit exposure to coronavirus, social clubs, halls and sports arenas were also placed on the ban list. Businesses that record 50 or more people during operating hours were directed to stop operation for the next 30 days.

This shutdown of businesses is part of stricter measures being employed by countries with high cases of coronavirus, but with the figure rising in Nigeria, the state government said the directive was a precaution needed to curb the spread of COVID-19 in Ogun State.

[READ MORE: Lagos to stop Sunday, Juma’at services)

Commenting on the decision taken by his government, Ogun State governor, Dapo Abiodun said in a press statement, “The safety of our people and their welfare are priorities that cannot be toyed with.

“Further to measures so far taken to ramp up its efforts to contain the spread of the coronavirus, the Ogun State Government has found it expedient to announce the following additional measures: Immediate ban of all high-density gatherings that would bring together 50 or more persons in the same place, such as social clubs, halls, cinemas, night clubs, restaurants, cafes, and sports arenas.”

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According to Governor Abiodun, “This measure will be in effect for the next 30 days in the first instance. The government will continue the surveillance initiatives and intensify sensitization on COVID-19. This is more so given the peculiarity of its location as the Nation’s Gateway State and its industrial capital.

“Our epidemiologists and other health workers are working round the clock with Federal agencies and international development agencies to stop the spread of coronavirus.”

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Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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    Business News

    BUA Group, French company announce progress in 200,000 bpd refinery project

    This is coming about 6 months after both firms signed an agreement for the supply of process technologies and the design of the facility.

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    The BUA Group and Axens, a French-based petroleum technology company, have both signed a progress acknowledgement statement for the proposed BUA multi-billion-dollar integrated 200,000 barrels per day refinery in Akwa Ibom State.

    This is coming about 6 months after both firms signed an agreement for the supply of process technologies and the design of the facility.

    BUA, while making the disclosure in a statement on Wednesday, April 14, 2021, said that the French President, Emmanuel Macron, commended its Chairman, Abdul Samad Rabiu, for his commitment to developing lasting relationships between French and Nigerian businesses.

    READ: What the $1.5 billion Port Harcourt refinery deal means to us – Maire Tecnimont

    The statement said that this came as the French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, paid a visit to the BUA Group Headquarters in Lagos where he handed over a personal invitation from Macron to Rabiu to attend the Choose France Summit in June in Paris representing business leaders from Nigeria and Africa.

    The French minister also witnessed the signing of a progress acknowledgement statement between BUA Group and Axens of France for the proposed refinery project, according to the statement.

    The statement also said that during the visit, it was announced that the BUA chairman had been appointed Chairman of the France Nigeria Investment Club.

    READ: FG reacts to reports of revoking 32 refinery licenses

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    While thanking the minister and Macron for their unwavering support in bringing BUA and French businesses together, Rabiu said BUA had so far initiated partnerships and had developed personal relationships with a few French businesses, including Axens.

    He expressed confidence in the quality of expertise and technical know-how of the French companies BUA had partnered with.

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    Rabiu pointed out that the BUA refinery would reduce the huge cost of transporting Nigerian crude offshore, refining it and bringing it back into the country when fully operational.

    READ: Abdulsamad Rabiu’s stake in BUA Cement has increased by N1.2 trillion in value since listing in 2020

    He said that the choice of Akwa Ibom for the refinery was due to the huge availability of raw materials and its proximity to export petroleum products to regional countries.

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    The President of Axens, Jean Sentenac, in his statement, said he was pleased that the project was advancing on schedule and expressed delight for the very good cooperation between all the involved parties, reiterating the commitment of Axens in delivering the BUA Refinery Project on time and with the highest standards.

    READ: FG to open LPG distribution channels in all local governments

    Bottom line

    The completion and take-off of the refinery owned by the BUA Group would come as a huge boost for the Federal Government’s effort to stop the importation of refined petroleum products, ensuring that the country becomes a net exporter of these products.

    This will also help to conserve the scarce foreign exchange as the completion and take-off of the Dangote refinery and other similar refinery projects will help ensure self-sufficiency in the country.

    The BUA Group, just a few days ago, was listed as one of the companies with an active refinery license from the Department of Petroleum Resources (DPR).

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    Coronavirus

    Covid-19: Nigeria records over 1 million vaccinations

    The NPHCDA has stated that it has vaccinated 1,043,737 persons, which is 51.9% of the targeted total proportion.

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    Covid-19: First world nations oppose waiving intellectual rights for vaccine development

    The National Primary Health Care Development Agency has disclosed that Nigeria, as of April 14th, 2021, had vaccinated 1,043,737 persons, which is 51.9% of the targeted total proportion.

    The NPHCDA revealed this in a statement on Wednesday evening.

    Kwara State leads in the vaccination percentage of target reached, at 110% with 30,708 vaccinations.

    READ: Only 10 countries have administered 75% of all vaccinations – UN Secretary-General

    Meanwhile, Lagos State has conducted the most vaccinations so far at 192,061 representing 75.7% of its percentage target reached so far.

    The Federal Capital has vaccinated 40.1% of its target so far at 44,098 and Kogi State has conducted the least number of vaccinations at 5,568.

    READ: Covid-19: Pope Francis set to get vaccinated, says its ethical

    In case you missed it

    Nairametrics reported earlier that the Nigerian government aimed to get 70 million Johnson and Johnson single-shot COVID-19 vaccines after the African Union recently announced a deal with the drugmaker for 400 million vaccine doses.

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