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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.
DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.
In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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