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Business

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Capital Market

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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Insurance

Leadway Spotlights Women Making Waves Through Hersurred Initiative

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Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

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Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

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NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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Business

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Capital Market

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

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Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

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NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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Sanofi Reinforces Commitment as Africa Becomes Free of Wild Poliovirus

The independent Africa Regional Certification Commission (ARCC), the body responsible for certifying the eradication of wild poliovirus in the WHO Africa Region (WHO-Afro), has granted the region ‘wild poliovirus free’ status.

This follows after Nigeria, the last wild poliovirus endemic country in the region, recorded no new cases in three years–the requisite period–since it last reported cases of wild poliovirus.

Sanofi Pasteur, the world’s single largest producers of vaccines, is proud to be associated with this major milestone for Nigeria, WHO Africa Region and the overall global efforts to free the world of polio.

In Nigeria, Sanofi Pasteur has been working in collaboration with stakeholders such as the National Primary Healthcare Development Agency (NPHCDA), WHO, UNICEF and several multi-lateral and non-governmental organizations in the national immunization programmes for children under 5 years ofage.

Charles Wolf, Vaccines Head for Africa, said:“The ambition to eradicate polio from the world has been a long journey. The recent declaration by ARCC certifying the WHO Africa region as free of wild poliovirus is a watershed for the WHO and all partners in the Global Polio Eradication Initiative (GPEI).For over three decades, we at Sanofi Pasteur have been supporting the global public health coalition on polio through our  expertise and the provision of innovative vaccines to support national, regional and global immunization programs for children under 5 years of age”.

Polio is a highly infectious viral disease that is transmitted from person to person, mainly through a fecal- oral route or, less frequently, through contaminated water or food and multiplies inside the intestines. Onein200infectionsleadstoirreversibleparalysis,usually in the legs.

Amongthoseparalyzed,5 to 10 per cent diewhentheirbreathingmusclesbecomeimmobilized.Poliomainlyaffectschildrenunder5yearsofage.

There is no cure for polio but the disease can be prevented through administration of a simple and effective vaccine, given multiple times. This is why efforts are underway across every country to rapidly boost immunity levels in children and protect them from polio paralysis.

Wild poliovirus cases have decreased by over 99 per cent since 1988, from an estimated 350,000 cases in more than125 endemic countries then to 33 reported cases in2018. Of the three strains of wild poliovirus (type1, type2andtype3), wild polio virus type2 was eradicated in 1999 and no case of wild polio virus type3 has been found since the last reported case in Nigeria in November2012.

In 1988, the Global Polio Eradication Initiative (GPEI) was launched by several stakeholders involved in global public health and led by the World Health Organization. At that time, polio was endemic in 125 countries with more than 350,000 children paralyzed each year. Since then, thanks to the strong collaborations across the GPEI, there has been a 99.9% decrease in paralytic cases.

The fight against polio worldwide is not yet over. Sanofi Pasteur remains committed to supporting the GPEI until the disease is eradicated worldwide. Once polio is eradicated, the world can celebrate the delivery of a major global public good that will benefit all people equally, no matter where they live. By then, no child will ever again suffer the terrible effects of lifelong polio-paralysis.

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Insurance Industry Reports N302bn Premium Income in 2014

The insurance industry in Nigeria has reported gross premium income of N302 billion in the financial year ended December 31, 2014, according to figures released by the National Insurance Commission (NAICOM). The industry also achieved premium income of N97 billion in the first quarter ended March 31, 2015. According to NAICOM, the industry’s total assets in 2014 was N711.4 billion, rising to N793.6 billion in the first quarter.
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