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COVID’s Omicron Variant is High Risk — Here’s Are all You Need to Know
Researchers are still learning about Covid’s new omicron variant, but one expert has a stark prediction.
“All the scientists I’ve talked to… are like, ‘This is not going to be good,’” Moderna CEO Stéphane Bancel told the Financial Times on Tuesday.
On Sunday, at least two omicron cases were detected in Canada, marking its arrival in North America — roughly two weeks after the variant was first detected in South Africa, on November 9.
White House chief medical advisor Dr. Anthony Fauci said he “would not be surprised” if omicron is already in the United States, in an interview with NBC’s “Weekend TODAY” on Saturday.
The next few weeks will be telling, as scientists analyze how effective the Covid vaccines are against omicron and countries crack down on testing and tracing to identify where the variant is. The World Health Organization said Monday that omicron poses a “very high” global risk.
In the meantime, multiple states have warned people to stay vigilant. New York City is back to “strongly recommending” masks in all indoor public settings, regardless of vaccination status, Dr. David Chokshi, commissioner of the New York City Department of Health and Mental Hygiene, told reporters Monday.
Here’s What you Need to Know:
Is omicron more dangerous than other variants?
Omicron contains troubling characteristics that might make it more transmissible — particularly among people who have already gotten and recovered from Covid, according to the WHO.
Most notably, the variant contains “a disturbingly large number of mutations in the spike protein,” Fauci told ABC’s “This Week” on Sunday.
The spike protein is the part of the virus that latches onto and penetrates cells in your body, leading to a Covid infection.
Omicron has more than 30 spike protein mutations, compared with the original virus — significantly more than the delta variant. The function of those mutations isn’t fully known yet, but some of them could make it easier for the virus to infiltrate human cells.
The WHO noted on Friday that “infections have increased steeply” in South Africa, in tandem with the discovery of omicron.
Only 24% of the population in South Africa is vaccinated, compared to 59% of the U.S. population.
Still, other countries can expect a similar pattern to unfold as the variant spreads, Fauci said.
Potentially Good News:
So far, omicron hasn’t caused any known deaths, and its symptoms appear to be “extremely mild,” Dr. Angelique Coetzee, chair of the South African Medical Association that discovered the variant, told the BBC on Sunday.
If true, that could mean omicron’s mutations make it more easily transmissible, but less severe. (According to the WHO, there’s no consensus yet that omicron symptoms differ from other variants.)
Do the vaccines already protect against omicron?
It’s too soon to tell — which isn’t reason for panic. It just means scientists are working on finding out.
Given omicron’s plentiful mutations, it could theoretically evade vaccine-induced protection. Bancel said he anticipates a drop in vaccine effectiveness. Researchers will likely have answers within the next two weeks by testing antibodies from people who are vaccinated, and seeing if they are capable of neutralizing the virus.
Even if omicron can evade those antibodies, the vaccines are still likely to protect against severe illness, BioNTech CEO and co-founder Dr. Ugur Sahin told the Wall Street Journal on Tuesday.
because omicron will “hardly be able to completely evade T-cells,” which are the body’s second line of defense against the virus, Sahin said.
Still, President Joe Biden instructed the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention on Monday to use the “fastest process available without cutting any corners,” to make omicron-specific vaccines available, if necessary.
It’s unclear who would be eligible for those vaccines, if they eventually get approved.
Moderna says it’s already working on one, which could be ready to ship by early 2022, if necessary. On Monday, Pfizer CEO Albert Bourla told CNBC’s “Squawk Box” that his company is waiting for more data before acting — but could have its version ready in 100 days.
Non-vaccine treatments could also be a mixed bag. Pfizer’s Covid antiviral pill, Paxlovid — which has yet to be approved by the FDA — might work against variants like omicron, because it’s designed to address spike mutations, Bourla said.
But fellow drugmaker Regeneron said Tuesday that its monoclonal antibody cocktail, along with any other similar drugs, could be less effective against omicron than other variants. The company said it’s exploring other alternatives.
Should you wait on getting a booster until there’s an omicron-specific shot?
No. Get your booster as soon as you’re eligible, regardless of any omicron developments.
Even partial protection is better than no protection, and the longer you wait, the more you risk getting infected by another Covid variant — including delta, which remains dangerous.
Plus, if the current Covid vaccines prove effective against the new variant, omicron-specific shots may never be deemed necessary. Waiting for that answer is a gamble akin to playing “mind games,” Fauci told “Meet the Press.”
In a statement on Monday, CDC director Dr. Rochelle Walensky specifically cited omicron as a reason why eligible people should get their boosters. Since the booster shot lifts your body’s level of antibodies high enough to protect against every other known variant, it should give you “at least some degree, and maybe a lot of protection” against omicron, Fauci said.
What should you do differently to protect yourself against omicron?
Getting vaccinated and boosted, plus wearing a mask in public indoor settings, remain the best ways to protect yourself and the people around you.
“Do not pull back on your guard,” Fauci told NBC’s “Weekend TODAY.”
On Monday, the Biden administration restricted most air travel from South Africa and seven other countries: Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe.
Travel bans cannot completely prevent the virus from entering the country, but they “delay it enough to get us better prepared,” Fauci said. Lockdowns aren’t currently being discussed, Biden said Monday.
Even if omicron gets bad, it probably won’t undo the world’s Covid-fighting progress.
Tests can easily detect omicron, promising therapeutics like the antiviral pills are on the horizon and scientists know much more about the disease than they did in March 2020, Dr. Ashish Jha, dean of the Brown University School of Public Health, tweeted on Sunday.
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core registrar business, technology-driven solutions and increased activity in Nigeria’s capital market.
Speaking during the company’s H1 2026 Investor Call on Tuesday, the management outlined plans to deepen revenue diversification and accelerate innovation as part of efforts to reduce reliance on interest income and strengthen long-term profitability.
The company reported gross earnings of ₦4.28 billion for the first half of 2026, representing a 27 per cent increase from ₦3.34 billion recorded in the corresponding period of 2025.
Profit before tax rose by 22 per cent to ₦2.41 billion, while profit after tax climbed 18 per cent to ₦1.59 billion.
Net operating income also increased by 27 per cent to ₦4.21 billion, while total assets grew by 13 per cent to ₦46.53 billion. Shareholders’ funds similarly rose by 13 per cent to ₦12.52 billion.
According to the company, the impressive performance was driven by sustained growth in its registrar business, increased corporate actions across the Nigerian capital market, stronger treasury earnings supported by the prevailing interest rate environment and rising adoption of its technology-enabled products and services.African Mineral Wealth
Managing Director and Chief Executive Officer, Dr. Catherine Nwosu, said Africa Prudential is steadily evolving from a traditional share registrar into a diversified technology and business solutions provider serving the broader capital market ecosystem.
Addressing concerns from investors about the sustainability of earnings if interest rates decline, Nwosu said the company was deliberately expanding its non-interest income sources.
“Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, Know Your Customer (KYC) services, AGM technology, probate services and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.
She noted that increasing activity in the Nigerian capital market presents fresh opportunities for technology-driven solutions.
“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency and stronger compliance standards continues to grow. We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.
Looking ahead, the company identified five strategic priorities for the second half of 2026, including driving sustainable growth through its core registrar business and new revenue streams, accelerating technology-led product innovation, strengthening brand leadership, investing in talent development and reinforcing corporate governance.
The investor call attracted institutional investors, shareholders, analysts, regulators and other capital market stakeholders, reflecting strong interest in Africa Prudential’s earnings outlook, revenue diversification strategy and long-term growth plans.
News
IHS Nigeria Donates Business-Support Equipment to Empower People with Disabilities in Abuja Community
Communications infrastructure company, IHS Nigeria, has donated business support equipment to empower people with disabilities within the Karonmajiji community in the Federal Capital Territory, Abuja. This is part of the company’s commitment to drive inclusive community development and sustainable livelihood support under its Project Empower initiative.
The equipment was distributed to beneficiaries during a ceremony held in the community on Monday, July 27. The initiative was conceived following a community needs assessment and is designed to empower active traders by providing them with business tools rather than cash grants, thereby strengthening their businesses and ensuring long-term economic impact and accountability.
Speaking at the event, Director, Sustainability, IHS Nigeria, Titilope Oguntuga, described the initiative as a reflection of the company’s commitment to advancing inclusive development by equipping persons with disabilities with the tools and opportunities needed to build resilient livelihoods.
She explained that rather than providing short-term financial assistance, IHS Nigeria adopted an asset-based approach by donating 50 pieces of business support equipment, including sewing machines, freezers, generators and hairdressing kits, to the selected beneficiaries.
According to her, the intervention is designed to create lasting value by supporting entrepreneurship, promoting self-reliance and strengthening household incomes, while contributing to the achievement of the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth) and SDG 10 (Reduced Inequalities).
In his opening remarks, the Chief of the Karonmajiji Disabled Community, Alhaji Sulaiman Muhammed Katsina, represented by the Secretary of the Community, Alhaji Mohammed Dantani commended IHS Nigeria for its commitment to empowering persons with disabilities through practical and sustainable interventions.
He described the initiative as a demonstration of genuine partnership with the community and expressed appreciation for the company’s continued engagement with the Association, noting that the donation of the equipment was a significant investment in improving the livelihoods of persons with disabilities and would create meaningful economic opportunities for the beneficiaries and their families.
The event brought together traditional rulers, government representatives, leaders and members of the Karonmajiji Disabled Community Association, implementing partners, including Field of Skills and Dreams Vocational Technical and Entrepreneurship (FSD VTE) Training Institute and other community stakeholders, reaffirming a shared commitment to promoting inclusion and sustainable community development.
Project Empower reinforces IHS Nigeria’s commitment to advancing sustainable development through strategic partnerships that promote economic inclusion, strengthen community resilience and create opportunities for underserved communities.
The Chartered Institute of Bankers (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women’s empowerment and sustained growth through strategic mandates and frameworks, aimed at closing the financial gap and empowering more small, and medium enterprise (MSME) owners.
Both organisations made this call during a courtesy visit to the newly invested 24th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Dele Alabi, Ph.D, FCIB, as part of plans to congratulate him on his investiture as well as seek a stronger alliance between both bodies.
The visit followed Alabi’s investiture where he unveiled his “IMPACT” Vision, themed “Consolidating Our Local Impact, Enhancing Our Global Relevance.”
The vision rests on six pillars: Inclusion across geographic, gender, and generational lines; Membership growth and quality; Professionalism and ethics; Accountability; Competencies and skills development; Technology, automation, and innovation. Other areas of shared interest, include women empowerment, financial inclusion and literacy, as well as MSME clinics, all of which are top on his agenda.
Alabi explained that under him, the institute will be prioritising financial inclusion and women empowerment, because of its realisation that women are often the primary financial managers and caregivers in families. Access to savings, micro-credit, and insurance acts as a safety net during crisis and allows them to significantly improve living conditions.
He added that CIBN would be happy to drive joint knowledge sharing and exchange sessions with CBN and ACAMB across various platforms. “Educating the public through public awareness programmes, with ACAMB as the rallying point, is central to what we do,” he noted.
ACAMB President, Jide Sipe, who led the delegation, spoke in unison with the CIBN president, as he noted that, closing the inbalances in financial access help economies grow faster, reduces inequality, and encourages greater civic participation by all.
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