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Top Current Affairs Today’s News Headlines — May 27, 2020

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Top Current Affairs Today’s News Headlines — May 27,  2020

Nigeria COVID-19 Update for May 26, 2020

  • As of 26 May 2020, Nigeria Centre for Disease Control (NCDC) reported 276 news cases, 2385 recoveries and 249 deaths. The total number of cases of COVID-19 in Nigeria is now 8344.

Africa COVID-19 Update for May 26, 2020

  • As of 26 May 2020, 54 African Union Member States through the Africa CDC reported 116,049 cases, 3,488 deaths, and 46,714 recoveries.

Herbal Cure Validation : The Presidential Task Force (PTF) on COVID-19 on Wednesday, May 27, 2020 announced that three out of the numerous claims of COVID-19 herbal cure have been validated and forwarded to relevant authorities for validation.

  • The Chairman of the PTF, Boss Mustapha made the announcement while briefing journalists in Abuja.
  • He said the validation was made by the Federal Ministry of Health after holding a virtual meeting with Nigerian Researchers and Scientists.

Viability Period of COVID-19: The Director-General of NCDC, Chikwe Ihekweazu on Wednesday, May 27, 2020, said the longest viability period of this coronavirus is ten days.

School Reopening Date

  • Minister of State for Education, Emeka Nwajiuba, on Wednesday, May 27, 2020 stated that June 8 school resumption date report is false.
  • He said will communicate through its official channels when it is safe to reopen schools.

International Current Affairs

  • South African researcher wins N215m French prize
  • A South African HIV researcher who found that a topical gel could stop many women catching the virus has been awarded one of France’s top science prizes.
  • Quarraisha Abdool Karim won the half a million-euro (N215m) Christophe Merieux Prize for her work for the Durban-based Centre for the AIDS Programme of Research in South Africa (CAPRISA), which she heads.

Business, Banking and Finance

  • The Central Bank of Nigeria (CBN), on Wednesday, May 27, 2020 approved regulatory forbearance for the restructuring of credit facilities in the Other Financial Institutions (OFI) sub-sector as follows:
  • CBN intervention facilities availed through participating OFls are granted a further one-year moratorium on all principal repayments, effective March 1 , 2020.
  • Interest rates on the CBN intervention facilities through participating OFls hereby reduced from 9% to 5% per annum for I-year effective March 1, 2020.
  • OFls are granted leave to consider temporary and time limited restructuring of the tenor and loan terms for households and businesses affected by COVID 19, subject to the recently issued guidelines for restructuring affected credit facilities in the OFI sub-sector.
  • The CBN promised to continue the monitoring of developments and implement appropriate measures to safeguard financial stability and support stakeholders impacted by the COVID-19 pandemic.

Sports

  • The President of the Nigeria Football Federation (NFF), Amaju Pinnick on Wednesday, May 27, 2020 revealed that Gernot Rohr will continue as the Super Eagles coach after he reached a new contract agreement with the NFF.
  • Rohr’s contract was supposed to expire in June 2020 with talks about a new deal which was handed to him in April, having to stall due to the inclusion of fresh terms.

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