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    NNPC acquires equipment to build 40 CNG filling stations

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    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

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    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

    • Nigeria
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    • All
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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries ₦42bn Public Offer Opens for Subscription

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    Airtel Africa Updates Share Capital and Voting Rights

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    Sunny Anene raises his stake in United Capital Plc

    JUST IN: Femi Otedola Exits Geregu Power in $750 Million Deal

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    Lasaco Assurance Plc announces delay in share reconstruction

    LASACO Assurance Plc Approves Capital Raise, Increases Share Capital to ₦36.08bn

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

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    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

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    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

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    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

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    How Donald Trump won the 2024 U.S Presidential Election

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

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China locks down its financial hub & economic capital, Shanghai

Monday, 28 March 2022, 6:21 pm
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China locks down its financial hub & economic capital, Shanghai
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On Monday, Shanghai, China’s financial hub and economic capital went into lock down in two stages over nine days while authorities carry out Covid-19 testing.

The lockdown will be conducted in two phases. First, Shanghai’s Pudong financial district and nearby areas will be quarantined from Monday to Friday. Second, Pudong will pass the baton to the vast downtown area west of the Huangpu River, which will start its own five-day lockdown on Friday.

To control the growing outbreak, the lockdown will be accompanied by a new round of mass nucleic acid testing across the city, China’s Xinhua reported, citing Shanghai officials. Beijing recorded 3,500 cases of the infection on Sunday.

Read also; Delisting of Access Bank Plc and listing of Access Holdings Plc

Public transport, including ride-hailing services, in these areas will be suspended when they are locked down, the city government said on its official WeChat account, adding that unapproved vehicles will not be allowed on the roads.

It also said that all companies and factories will suspend manufacturing or work remotely during the lockdown, apart from those involved in offering public services or supplying food. Groceries will be delivered and left at checkpoints.

The city government published the instructions on its WeChat account, asking the public “to support, understand and cooperate with the city’s epidemic prevention and control work”.

Shanghai has battled a new COVID-19 surge for nearly a month and on Saturday it reported its highest daily number of cases since the initial outbreak in China receded. The city recorded 2,631 new asymptomatic cases, which accounted for nearly 60 percent of China’s total new asymptomatic cases that day, plus 47 new cases with symptoms.

While the number of cases in Shanghai remains modest by global standards, the city of 26 million people has become a testing ground for China’s “zero-COVID” strategy.

 In line with the policy, China’s authorities are free to use public health measures such as mass testing, contact tracing, and lockdowns in order to stop community transmission of the virus as soon as it is detected.

The goal is to get the area of an outbreak back to zero new infections and resume normal economic and social activities as soon as possible. The policy has been criticized by many, however, who argue that it takes too much of an economic toll.

Shanghai authorities have previously resisted a broad lockdown of the city to avoid destabilizing its economy and opted for a more bespoke “slicing and gridding” approach, which involves screening neighbourhoods one by one.

Some Shanghai residents have complained about the seemingly endless cycles of testing, suggesting that the cost of zero-Covid had become too high.

China reported a total of 4,448 new asymptomatic infections on March 26, up from 4,430 a day earlier, including 1,007 new cases in the northeastern province of Jilin, currently under lockdown.

The country reported 1,254 new confirmed cases with symptoms, down from 1,335 a day earlier. Of the new cases, 1,217 were locally transmitted, versus 1,280 a day earlier.

There were no deaths reported on March 26, leaving the death toll at 4,638. As of March 26, mainland China had confirmed 143,240 cases of COVID-19.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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