Buhari Waives Import Duties on Medical Equipment

By Ifeanyi Onuba The Nigerian Sovereign Investment Authority (NSIA) has convened critical oncology stakeholders and strategic partners at the maiden edition of the NSIA Oncology Summit in Lagos. The move, according to a statement from NSIA on Wednesday, is to drive collaborations amongst partners and improve overall patient outcomes in cancer care. Participants at the Summit included over 200 medical professionals in oncology, over 11 Nigerian tertiary hospitals, as well as over 10 external collaborators from the University of Chicago; American Oncology Institute India; American Society of Clinical Oncology (ASCO); Bio Ventures for Global Health (BVGH); Memorial Sloan Kettering Cancer

By Bliss Okperan The Bill Gates Foundation has selected nine Nigerian health startups, along with 20 others from other parts of Africa, for a $50,000 equity-free grant to boost the healthcare supply chain on the continent. The nine Nigerian small firms were chosen as part of Investing in Innovation Africa (i3), a pan-African initiative for startups in the healthcare supply chain. The Nigerian companies which make up the second cohort include Famasi, Aimcare, Afia, Drugstore Nigeria, Healthtracka, Octosoft Technologies Limited, Pharmarun, Pharmaserv Health Project Nigeria Ltd, and Wella Health. The cohort includes startups that are building online pharmacies and telemedicine

By Adedapo Adesanya  The Lagos State Chapter of the Nigeria Medical Association (NMA) on Wednesday directed doctors working in three hospitals, General Hospital Lagos, Lagos Island Maternity Hospital, and Massey Street Children Hospital, to commence an indefinite strike action. This followed the tragic death of their colleague, Dr Diaso Vwaere, a medical house officer, from injuries sustained when a faulty elevator crashed at the hospital. The occurrence which is generating buzz and conversation around the handling of medical practitioners, happened at the Lagos General Hospital on Tuesday night. The deceased was reportedly trapped for more than 40 minutes. The medical

By Adedapo Adesanya The federal government has pledged to increase domestic health financing to improve health condition of all Nigerians as part of President Bola Tinubu’s administration’s targets. The Vice President, Mr Kashim Shettima, on Tuesday made the pledge when a delegations from the Global Health Partners, the Global Fund, US President’s Malaria Initiative (PMI), and others, paid him a courtesy visit at the Presidential Villa, Abuja. The US President’s Emergency Plan For AIDS Relief (PEPFAR) was also part of the delegations. Mr Shettima emphasised that enhancing domestic health financing and improved health outcomes of Nigerians were topmost on the

By Adedapo Adesanya A 19.2 per cent moderation in the value of foreign exchange (forex) transactions recorded at the Investors and Exporters (I&E) window of the FX market helped the Naira with extra weight to push down the value of the Dollar by 0.01 per cent or 5 kobo on Friday, June 24. According to data obtained by Business Post from the FMDQ Securities Exchange, the exchange rate of the Naira to the Dollar at the market window was N420.12/$1 in contrast to N420.17/$1 it closed on Thursday. The value of FX trades at the window was $162.98 million, $38.83 million

By Olukayode Kolawole eCommerce and its continuous explosion – thanks to the internet – has forever changed the way we shop for products and services. We have witnessed – in the last 6 years of eCommerce debut in Nigeria – many impactful changes, such as the rise of online marketplaces; the seamless shift to using mobile devices for online shopping; the incredible growth of online and digital marketing and advertising; and the use of digital modifications in sales and mainstream consumer shopping. Despite this remarkable innovation, many still find it very challenging to use these eCommerce platforms because they hardly

By Modupe Gbadeyanka Residents of Kwara State have been urged by the state government to remain call following the recent clashes between herdsmen and farmers. In a statement issued by Secretary to the State Government (SSG), Mr Isiaka Sola Gold, the government said it was worried by the unfortunate incidents. Mr Gold stressed that the government was giving the needed support to the Kwara State Police Command and other security agencies to apprehend and prosecute the perpetrators of the acts of violence with a view to bringing them to justice. It however called on all parties aggrieved on account of

By Modupe Gbadeyanka The 2017 financial year was a great one for automaker, Groupe PSA, which boasts of five leading car brands in the world; Peugeot, Citroën, DS, Opel and Vauxhall. In its 2017 earnings, the group achieved historic results with 15.4 percent increase in its sales at 3.63 million vehicles sold in the period under review, while the revenue appreciated by 20.7 percent to €65.2 billion. In 2017, group revenue amounted to €65,210 million compared to €54,030 million in 2016 up 20.7 percent. At constant 2015 exchange rates and perimeter, 2017 Group cumulated revenue was up 12.9 percent. PCD

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has reacted to reports that it never gave Oando Plc any chance to defend the allegations levelled against it following a forensic audit conducted on the company. In a statement signed by the management, SEC said Oando was given the opportunity to react to the infractions discovered from the audit, but their responses were not just satisfactory. The commission noted that the sanctions against the company and its senior officials were mainly to protect investors and uphold the integrity of the Nigerian capital market. It hinted that the punishment will not

By Dipo Olowookere Customers of First City Monument Bank (FCMB) Limited will soon begin to get rewarded for their loyalty to the bank. This would be done in a reward promo recently unveiled by the financial institution. According to FCMB in a statement, the reward promo started on March 1 and will run till October 30, 2017, targeting all segments of the society, especially existing and potential savings account customers of the bank. The reward initiative, tagged ‘FCMB Millionaire Promo Season 4’ is designed to provide extra empowerment and create value for customers of the bank, while encouraging financial inclusion

By Hyther Nizam In today’s hyperconnected world, a bad shopping experience can drive a potential consumer to a competitor. While product and pricing used to be sufficient to separate a business from its competitors, this is no longer the case. Today’s consumers place a premium on speed, convenience, and professional and friendly service. According to a 2018 PwC survey, consumers are willing to pay a premium for an amazing customer experience, and disgruntled customers are much more inclined to transfer their business elsewhere than to seek to remedy a terrible experience. When people talk about customer experience, they frequently refer

Thanks to a steady rise in the number of Canadian online casino players, gaming platforms are constantly introducing new and even more convenient ways for gamblers to deposit and withdraw funds. In fact, it’s not only the game selection that can make or break a casino but also the payment methods available. The days of waiting at the ATM, making a bank wire,  eCheck transfer or using any other traditional payments are long gone thanks to modern mobile device technology. With this in mind, let’s take a look at each popular payment method to move funds in and out of