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Business News

COVID-19 Update in Nigeria

On the 15th of April 2021, 80 new confirmed cases were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 164,000 confirmed cases.

On the 15th of April 2021, 80 new confirmed cases were recorded in Nigeria.

To date, 164,080 cases have been confirmed, 154,285 cases have been discharged and 2,061 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.8 million tests have been carried out as of April 15th, 2021 compared to 1.7 million tests a day earlier.

COVID-19 Case Updates- 15th April 2021,

  • Total Number of Cases – 164,080
  • Total Number Discharged – 154,285
  • Total Deaths – 2,061
  • Total Tests Carried out – 1,838,174

According to the NCDC, the 80 new cases were reported from 10 states- Lagos (29), Rivers (19), Zamfara (6), Akwa Ibom (4), Edo (4), Osun (4), Plateau (4), Ogun (3), Kano (3), Nasarawa (2). Abuja (1), and Oyo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 58,033, followed by Abuja (19,742), Plateau (9,041), Kaduna (8,998), Rivers (7,007), Oyo (6,838), Edo (4,893), Ogun (4,627), Kano (3,935), Ondo (3,226), Kwara (3,120), Delta (2,617), Osun (2,563), Nasarawa (2,378), Enugu (2,259), Katsina (2,097), Gombe (2,034), Ebonyi (2,017), Anambra (1,909), Akwa Ibom (1,810), and Abia (1,683).

Imo State has recorded 1,655 cases, Bauchi (1,540), Borno (1,337), Benue (1,188), Adamawa (1,051), Niger (930), Taraba (910), Bayelsa (878), Ekiti (868), Sokoto (775), Jigawa (527), Kebbi (450), Cross River (385), Yobe (365), Zamfara (234), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

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Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

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On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

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Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

On Tuesday, 2nd March 2021, the National Primary health Care Development Agency announced the arrival of the expected COVX Astrazeneca/Oxford covid-19 vaccines.

On Saturday, 6th March 2021, President Muhammadu Buhari and his vice, Yemi Osinbajo received vaccination against the covid-19 as the State House in Abuja.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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                  Reviews

                  Review of the V bank version 3.0: Nigeria’s first intelligent digital banking app

                  V Bank has upgraded its application to offer new services to its users and improve operational efficiency.

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                  Review of the V bank version 3.0: Nigeria's first intelligent Digital banking App

                  Nigeria’s fully digital bank, V Bank, a product of VFD microfinance bank Launched March 8, 2020, has upgraded its application to offer new services to its users and improve operational efficiency.

                  The new VBank app will enable users to securely access their accounts to automate recurring bills, manage multiple cards from different banks, send and receive funds using a unique QR code, track spending, generate virtual cards for online payments, buy airtime and data, fix deposits and make free transfers, all within a sleek, responsive and easy-to-use interface.

                  This review explains how to download and use the new V bank version 3.0 app. During the review, we took into consideration the design, user experience, usability, new features of the App, and how it functions well.

                  The device used for the review: Apple iPhone Xsmax

                  Getting started with V bank

                  These are the following information required for successfully registering as a user on the V bank app:

                  • Sign Up by downloading the V bank app and creating your account
                  • Input your BVN-linked phone number on the app and date of birth
                  • Take a photo with a white background to Validate your identity
                  • Verify your identity by inputting your BVN number on the app or use your existing bank account.
                  • Finally, a signature for validation and a four-digit pin password.

                  What’s New on the V bank App?

                  The new app, version 3.0 comes with some new cool features that are rather unique. Let’s talk about all the new features and our experience while setting up and performing different transactions.

                  New V bank Interface

                  After you log in or sign up, the first thing you see is the V bank dashboard and it is pretty cool. The UI and interactions are super neat. The use of colours and components under the analytics section is simple and clean. This is perfect!!

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                  New V bank interface

                  Send and receive money using Proximity payments and QR payment features

                  V bank users can now send or receive money easily through the proximity or QR payment features. You can pay or receive money from a nearby V bank app user using the proximity payment feature. Click on the proximity payment icon and start searching for a nearby user to pay while receiving payment wait for the user to start searching.

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                  Recipients using the proximity payment feature must have their phones at close range.

                   

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                  Another interesting way you can make a transfer easily is by scanning the QR code of the user receiving the payment.

                  To receive a payment, each user must generate a QR code which will be used to scan while making a transfer.

                  The QR payment feature is actually unique as it enables users to make or receive payments from near and far locations. The only requirement is to have the QR code to scan for payment.

                  QR Code

                  Intelligent Mobile Top-up feature

                  We always want to send airtime or data to people as a surprise and most times we have the mobile number but don’t know the network provider. The new V bank app comes with an intelligent mobile top-up feature that detects each network provider automatically with just the phone number. You don’t need to call the recipient asking for his network provider, the app does that for you.

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                  Airtime top-up

                  Cardless Withdrawal

                  It is not always convenient and secure to carry a wallet or purse with ATM cards. You can make a careless withdrawal without your ATM cards using the V bank app by generating a code. The app also helps you in locating the nearest ATM locations for your careless withdrawal. This feature is convenient and more secure.

                  Transfer funds to multiple recipients at once

                  Imagine how tired Don Jazzy will feel after paying each follower that won his giveaway separately. It actually is exhausting but the V bank eliminates that stress with the new multiple beneficiary feature. You can send money with just one transaction to up to 5 people.

                  Multiple transfer feature

                  Track your spending

                  The Analytics dashboard shows a beautiful interface with total inflow (payment made) and total outflow (Amount withdraw or debited). This gives you a clear pictorial overview of your income and expenses.

                  app

                  Under categories, users can track their spending such as online/POS, utility, mobile, family. work, lifestyle, food, utility, transport, and more on a monthly basis. This feature enables you to Identify bad spending habits and make adjustments to improve your finances.

                  Overview of income flow, expenses, and budget

                  Manage Multiple cards from different accounts

                  One of the App’s latest features is managing multiple cards from different accounts.

                  We requested a new virtual card which cost 500 Naira ($1) for a new one and it expires in three years. You can also request and activate V bank physical card using the app. The new feature enables users to add ATM cards from different bank accounts on the app and all the debit cards can be managed using the V bank app under the cards section.

                  Managing your cards section

                  Automate Recurring Transactions

                  The new feature allows users to automate recurring transactions weekly, monthly, or on a yearly basis depending on the type of service requested. You can easily schedule payment for your DSTV bill on a monthly basis.

                  Other features you would be interested in

                  • Make free transfers i.e there are no hidden transfer/ transaction fees.
                  • You can open a target savings account, fixed deposit account, or a joint account using the V bank App.
                  • Request a loan
                  • Chat with a customer care representative using the app
                  • Earn money when you invite your friends
                  • Become a Veelager and earn profit

                  Final thoughts

                  The new version of V bank is well designed for both new and existing users of digital banking. The app enables users to easily navigate and perform seamless transactions. The design interface and user experience make it a great option for anyone looking for a perfect digital bank.

                  With the rise of technology, everything is possible with just a few clicks on the mobile phone. In the next version, we expect to see a voice-activated virtual assistant feature on the app.

                  The new V bank 3.0 app comes with innovative and sophisticated digital banking features which will help V bank users manage their money effectively, spend wisely and perform transactions easily with guaranteed security.

                  VBank 3.0 is available as V by VFD on the Play Store and Apple store. For more information, visit vbank.ng

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                  Business

                  CBN includes sugar, wheat on FX restriction list

                  The CBN is set to include sugar and wheat in the forex restriction list.

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                  CBN forex restrictions on food itemsCBN approves new cheque standard for banks

                  The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list.

                  The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele.

                  The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them. #Emefiele.”

                  It would be recalled that over the years, the CBN has been reviewing its list of restricted food items to include more items, with the most recent being the addition of maize, a widely-consumed staple food in the country.

                  What you should know

                  • The CBN governor, Mr Godwin Emefiele, had earlier (on Thursday) given this hint while on an inspection visit to the proposed $500 million sugar processing facility in Nasarawa state, belonging to Dangote Sugar.
                  • In 2015, the CBN listed 41 items that had been placed on its FX restriction list citing that the move was necessary to conserve the nation’s foreign reserve and boost local production of the items on the restriction list.
                  • Some of the items which made the 2015 list are margarine, poultry and eggs, rice, and cement.
                  • In 2020, the apex bank included maize in its FX restriction list as it directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into the country.
                  • Nairametrics had also earlier explained in its publication following the new policy shift, that the government’s premise for deciding to restrict FOREX on food is faulty, especially since Nigeria has not attained full food security and the agricultural sector is still struggling.

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