Dettol Urges Nigerians to Imbibe Handwashing Habit

By Modupe Gbadeyanka The management of the Lagos University Teaching Hospital (LUTH) has been praised for maintaining the N200 million WARD-A Block renovated by Airtel Nigeria two years ago. The telco, led by its chief executive, Mr Carl Cruz, inspected the facility last week and was impressed with the high maintenance culture of the health institution. “We are pleased to observe that the collaboration with LUTH has continued to touch the lives of so many Nigerians. “The outstanding leadership of LUTH also deserves our commendation for how well they have kept the equipment and building for the past two years.

By Aduragbemi Omiyale From February 2024, a leading pharmaceutical company, Sanofi-Aventi Nigeria Limited, will put a stop to its direct operations in the country, opting to hand over this business to a yet-to-be-named third party. In a statement signed by the Country Lead for Sanofi, Ms Folake Odediran, it was noted that this new business model was adopted for the “commercialisation of Sanofi portfolio of medicines” through a major distributor. This business model is also to be adopted by another player in the sector, GlaxoSmithKline (GSK) Nigeria Plc, which announced its planned exit from the Nigerian market a few months

By Adedapo Adesanya The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) and Speak Up Africa have announced the CEO of Nigeria’s healthtech startup, Mrs Teniola Adedeji, alongside Dr Ochora Moses (Uganda) as the winners of the second edition of the Africa Young Innovators for Health Award. The announcement was made at the Galien Forum Africa, which celebrates creativity and excellence in science in Africa. The Africa Young Innovators for Health Award supports pioneering young entrepreneurs with financial and in-kind opportunities they need to advance their innovations for better health outcomes in their communities. Mrs Izath Nura (Uganda) and Mr

By Modupe Gbadeyanka A campaign to create awareness of the benefits of insurance cover among Nigerians has been started by Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings. The firm has already contracted three entertainers; Kate Henshaw, Segun Arinze and Ric Hassani, to help drive its insurance cover awareness campaign themed The Good Life. The trio in a music video sang their hearts away to the tune of Insurance Cover Me to advocate the value that comes from having life insurance. At the launch of the initiative held recently at IBTC Place on Walter Carrington Crescent, Victoria Island, Lagos,

By Dipo Olowookere A renowned Agribusiness Consultant and Director of Marketing, Rome Business School, Nigeria, Pastor Toromade Francis, has revealed that sound knowledge of Agribusiness Management is the key to a successful, profitable agribusiness venture in Nigeria. He made this known while speaking during the just concluded Masters degree student’s welcome party organised by Rome Business School last week. Mr Toromade, who during the event was honoured by the founder of Rome Business School, Professor Antonio Ragusa, said the reason most agribusinesses fail in Nigeria was because farm owners and investors focus mainly on the technical aspect of the business

At the end of the year – especially this year, companies and management teams usually take stock of how the company has performed. With the tough times that many businesses have been plagued with recently, many aren’t able to afford big bonuses or any monetary rewards at all. There are, however, other ways that you can reward staff at the end of this year and even throughout next year. Gift vouchers If full bonuses are off the cards right now but your staff still deserve a reward, consider vouchers as a token of appreciation that can be given to employees.

By Adedapo Adesanya There was a heavy loss at the NASD Over-the-Counter (OTC) Securities Exchange in Week 17 of 2022 as the portfolios of NASD investors depleted by N97.15 billion to N911.73 billion from N1.01 trillion. Business Post reports that the NASD Unlisted Securities Index (NSI) also decreased by 9.6 per cent or 73.89 points to 693.39 points from the preceding week’s 767.28 points. It was gathered that the negative outcome was influenced by five depreciating stocks led by FrieslandCampina Wamco Nigeria Plc, which shed 49.4 per cent to trade at N94.15 per unit versus the previous close of N185.96

By Modupe Gbadeyanka This week, the Nigerian Stock Exchange (NSE) is expected to close in red territory amid sell pressure by speculators despite the attractive valuations and dividend yields, analysts at Cowry Asset have predicted. Business Post reports that in the first week after the conclusion of the relatively positive 9 months corporate earnings season, the local bourse ended on a positive note, appreciating by 0.23 percent week-on-week. This came on the back of bargain hunting by investors despite the weaker trading activity during trading last week. The overall market performance measure, NSE ASI, closed higher at 32,200.21 points while

By Adedapo Adesanya Brent crude hit $121.70 per barrel on Monday after rising by $2.24 or 1.88 per cent as traders turned their attention to whether the European Union (EU) will finally reach an agreement on banning Russian oil. Also, the US West Texas Intermediate (WTI) crude rose $2.10 or 1.82 per cent to $117.20 per barrel as the bloc continues talks on Tuesday on the sixth package of sanctions against Russia for its invasion of Ukraine. Any further ban on Russian oil would tighten a crude market already strained for supply amid rising demand for petrol, diesel, and jet

By Dipo Olowookere The Central Bank of Nigeria (CBN) has announced N5 billion as the minimum capital requirement for national microfinance bank in the country. In a circular released and signed by the CBN Director of Financial Policy and Regulation Department, Mr Kevin Amugo, it was disclosed that the capital base for unit microfinance bank is N200 million, while for state microfinance bank is N1 billion. According to the circular, “the new minimum capital requirement takes immediate effect for new applications while existing microfinance banks shall be required to FULLY comply with effect from April 01, 2020.” The CBN explained

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested the village head of Gidan Abba in the Bodinga local government area of Sokoto State, Mr Abubakar Ibrahim, for his alleged role in drug trafficking. This was disclosed in a statement on Sunday by the spokesman of the NDLEA, Mr Femi Babafemi. The agency revealed that Mr Ibrahim was among 11 suspects arrested in interdiction operations in which 991,320 pills of pharmaceutical opioids and 1,251kgs of cannabis and khat, as well as 46.637 kilograms of methamphetamine, cocaine and heroin, were recovered by operatives across seven states.