Saturday, October 18, 2025
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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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LASG Plans Vaccine Research, Mental Facility to Combat COVID-19

Babajide Sanwa-Olu
Executive Governor
Lagos State

The Lagos State Government is set to establish a world-class and best-in-Africa vaccine research centre to avoid depending on western nations for COVID-19 vaccines in addition to a mental health facility as part of critical measures to combat the COVID-19 pandemic in the State.
Mr. Gbenga Omotosho, the Lagos State Commissioner for Information & Strategy said at the 5th Annual Conference of the Guild of Corporate Online Publishers (GOCOP) in Lagos that the State Government also disbursed over N1 billion to Small & Medium Scale Enterprises (SMEs) affected by the pandemic through the Lagos State Employment Trust.
Omotosho, who represented Mr. Babajide Sanwa-Olu, Executive Governor of Lagos State at the conference was emphatic that businesses are gradually coming back to life even as he conceded that full recovery would be difficult to predict given the still dangerous mode of the virus.
“During the outbreak of the pandemic, the Lagos State Government set up the Lagos Incident Command to collate vital information and data on the pandemic and thereafter kept Lagosians informed on regular basis. Today, we have 150 vaccination centres from the initial 65 as well as stepped up advocacy on the need for Lagosians to go for vaccination.”
He lamented that Africa has been unable to achieve herd immunity, which translates to 60 percent vaccination of the population partly due to fake news and conspiracy theories about the pandemic on the continent.
“We have the problem of fake news of the vaccine killing people and therefore not the solution to the COVID-19 pandemic. That is why we appreciate the support of the media in terms of information dissemination about the pandemic. We also need such critical support to combat the fake news about the virus, vaccination and recovery from the pandemic.”
Omotosho congratulated the EXCO and members of GOCOP for the 5th Annual Conference and pledged the support of the State Government going forward.

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Topics

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Breaking News: Etisalat Now Open for Foreign Investment

Foreigners can now investment in Etisalat as the UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country's largest telco, Etisalat. There is however a 20 percent limit on how much of the company can be owned by foreigners. Currently, Etisalat is 60 percent owned by the government, with a 40 percent stake listed, but restricted to UAE nationals. "The federal government decided to lift the restriction of Etisalat stock ownership by local institutions, foreign institutions and expatriate individuals provided that such ownership does not exceed 20 percent," Etisalat said in a statement to Abu Dhabi Securities Exchange. Etisalat added that the Emirates Investment Authority (EIA) does not intend to reduce its 60 percent stake at the moment.

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