News
COVID- 19 Vaccine Manufacturers’ Make $65,000 Every Minute – Report

Pfizer, BioNTech and Moderna are making combined profits of $65,000 every minute from their highly successful Covid-19 vaccines while the world’s poorest countries remain largely unvaccinated, according to a new analysis.

AFP reported that the companies have sold the vast majority of their doses to rich countries, leaving low-income nations in the lurch, said the People’s Vaccine Alliance (PVA), a coalition campaigning for wider access to Covid vaccines, which based its calculations on the firms’ own earning reports.
The Alliance estimates that the trio will make pre-tax profits of $34 billion this year between them, which works out to over $1,000 a second, $65,000 a minute or $93.5 million a day.
“It is obscene that just a few companies are making millions of dollars in profit every single hour, while just two percent of people in low-income countries have been fully vaccinated against coronavirus,” Maaza Seyoum of the African Alliance and People’s Vaccine Alliance Africa said.
“Pfizer, BioNTech and Moderna have used their monopolies to prioritise the most profitable contracts with the richest governments, leaving low-income countries out in the cold.”
Pfizer and BioNTech have delivered less than one percent of their total supplies to low-income countries while Moderna has delivered just 0.2 percent, the PVA said.
Currently, 98 percent of people in low-income countries have not been fully vaccinated.
The three companies’ actions are in contrast to AstraZeneca and Johnson & Johnson, which provided their vaccines on a not-for-profit basis, though both have announced they foresee ending this arrangement in the future as the pandemic winds down.
PVA said that despite receiving public funding of more than $8 billion, Pfizer, BioNTech and Moderna have refused calls to transfer vaccine technology to producers in low- and middle-income countries via the World Health Organization, “a move that could increase global supply, drive down prices and save millions of lives.”
“In Moderna’s case, this is despite explicit pressure from the White House and requests from the WHO that the company collaborate in and help accelerate its plan to replicate the Moderna vaccine for wider production at its mRNA hub in South Africa,” the group said.
While Pfizer CEO Albert Bourla has dismissed technology transfer as “dangerous nonsense,” the WHO’s decision to grant emergency use approval to the Indian-developed Covaxin earlier this month proves that developing countries have the capacity and expertise, PVA added.
PVA, whose 80 members include the African Alliance, Global Justice Now, Oxfam, and UNAIDS, is calling for pharmaceutical corporations to immediately suspend intellectual property rights for COVID vaccines by agreeing to a proposed waiver of the World Trade Organisation’s TRIPS agreement.
More than 100 nations, including the United States, back that move, but it is being blocked by rich countries including the UK and Germany.
News
FG Okays Biometric Upgrades @ Airports, Others

Federal government has a contactless biometric passenger verification system linked to the National Identification Number (NIN) across all airports in the country to tackle identity fraud and enhance security.

Festus Keyamo, minister of Aviation and Aerospace Development,
Festus Keyamo, minister of Aviation and Aerospace Development, announced this on Thursday, while briefing State House correspondents after the Federal Executive Council (FEC) meeting in Abuja.
“Too many people board aircraft using fake identities. This system will confirm passengers are who they claim to be,” Keyamo said.
The minister also said that the Council also ratified contracts under the 2024 budget to install airfield lighting at select airports so they can operate into late evening hours, helping airlines improve revenue.
“Some airports shut by 6 p.m. because they lack lighting. This upgrade will allow operations till 10–11 p.m.,” he noted.
Keyamo appealed to aviation unions to support ongoing reforms, stressing that while he remains pro-labour, “unions will not dictate government policy.”
Keyamo said the directive overrides interpretations linked to previous administrations’ asset disposal programmes, stressing that FAAN properties are strategic national assets that must remain under government control.
He explained that essential personnel, including firefighters and navigational officers, are required to reside within airport precincts to ensure rapid emergency response, making the retention of these facilities critical.
“We will not concede any of these properties to private individuals. Anyone who believes they have purchased such assets should take note,” he said.
The minister added that FEC granted eight approvals for the aviation ministry, covering airport safety, technology upgrades, concessions and security enhancements.
These include contracts for maintenance and support services for Aeronautical Information Management (AIM) solutions across five international airports — Abuja, Lagos, Kano, Port Harcourt and Enugu.
Council also approved the deployment of advanced Terrestrial Trunked Radio (TETRA) power systems nationwide, along with 14 VHF remote communication systems for the Nigerian Airspace Management Agency (NAMA) to boost navigational safety.
To meet International Civil Aviation Organisation (ICAO) standards, FEC endorsed the purchase of 15 airport rescue and firefighting vehicles for the five major international airports.
Keyamo further announced that NAMA, currently operating from rented offices in Abuja, will now have a purpose-built headquarters in the capital.
News
Lassa Fever’s Death Toll in Nigeria Hits 176- NCDC

Nigeria Centre for Disease Control and Prevention (NCDC) has reported that at least 176 people have died from Lassa fever across 21 states in 2025.

According to the NCDC; Ondo, Bauchi, Edo and Taraba remain the epicentres of the outbreak, accounting for 88 per cent of all confirmed cases recorded so far this year.
In total, Nigeria has recorded 955 confirmed cases from 8,367 suspected infections.
While confirmed cases are fewer than those seen in 2024, fatalities have increased.
This year’s case-fatality rate (CFR) is 18.4%, compared to 16.6% during the same period in 2024.
NCDC said the deaths are likely due to poor health-seeking behavior among patients who seek medical intervention too late, as well as poor environmental sanitation in affected communities.
Eighty-eight percent of all confirmed Lassa fever cases were reported from four states (Ondo, Bauchi, Edo, and Taraba), while 12% were reported from 17 states. Adults ages 21 to 30 years report the most infections.
Lassa virus is endemic in West Africa and spreads via contact with the urine or droppings of infected rodents.
Though not common, the virus can be transmitted person-to-person through direct contact with a sick person’s blood or other body fluids, mucous membranes, or sexual contact.
News
Tax Ombudsman is to Protect Businesses from Harassment—Oyedele

Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said that the creation of a new office of the Tax Ombudsman (OTO) is to protect businesses from harassment.

Dr. John Nwabueze, Nigeria’s tax ombudsman
Oyedele, who spoke Sat the 24th Annual Conference of the Women in Management, Business and Public Service (WIMBIZ) held in Lagos, said that the Tax Ombudsman, will serve as an independent body to mediate disputes and safeguard the rights of taxpayers.
“If anybody shows up to harass you, to collect tax, or to seal up your premises, you can call the Tax Ombudsman. They have the legal authority and obligation to protect your rights,” he stated.
Oyedele said that the new tax regime will favour compliant and formalised enterprises while protecting small and informal businesses from undue pressure and harassment by tax officials.
He said that the ongoing reforms are people-centred and designed to reward compliance, promote fairness, and support economic growth rather than overburden citizens or businesses.
During a panel session themed “The New Tax Law and You,” Oyedele urged entrepreneurs, especially small business owners, to formalise their operations to benefit from a range of incentives embedded in the new tax framework taking effect from January 2026.
“We started the tax and fiscal reform by looking at how people do business, how those businesses grow, and how finance is placed,” he explained. “You can’t knock on the door and say, ‘Tax me.’ Let’s have a conversation on how to create a business that can pay corporate tax. So, the reforms are people-centric.”
According to Oyedele, small companies with an annual turnover of ₦100m or less will enjoy a zero per cent corporate tax rate, in line with the government’s goal of allowing small businesses to expand before being taxed.
“If you run a small company where your annual turnover is ₦100m or less, your corporate tax rate will be zero per cent. What is even more interesting is that the Corporate Affairs Commission (CAC) will register 250,000 small companies free of charge,” he disclosed.
He also revealed that the reforms would ensure fairness in value-added tax (VAT) administration, adding that critical sectors such as food, water, education, pharmaceuticals, and medical services will be fully exempted from VAT from next year.
“From next year, January 1, this bottle of water will be zero-rated for VAT. The same explanation applies to food, education, pharmaceutical, and medical services,” he said.
Oyedele explained that the government’s decision to exempt essential goods and services from VAT was informed by data showing that low-income Nigerian households spend nearly 80 per cent of their income on food, health, rent, education, and transportation.
“If people spend their entire income on five basic items, food, education, health, rent, and transport, then we must remove the taxes on those,” he noted.
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