Fidson Grow PAT by 26% to N203m in Q1 2018

By Dipo Olowookere An innovative food manufacturing company, Elkris Bio-Health, has introduced a new breakthrough anti-high blood pressure supplement into the Nigerian market. The natural organic all-in-one drug, Elkris Bio-Health Plus Supplement, according to the firm, has a noticeable reduction in BP reading within 15 to 25 minutes of ingestion. The bioceutical capsule was formulated to control high blood pressure, cholesterol and blood sugar levels, as well as neutralise pressure within blood vessels, and clean up excess glucose, harmful chemicals, and excess salt. “The EBP Bioceutical Capsule is designed as a guaranteed neutraceutical that brings blood pressure, cholesterol and blood

By Aduragbemi Omiyale This news from Fidson Healthcare Plc will excite the more than 1.9 million HIV-infected people in Nigeria as the company has signed a strategic deal with a Chinese firm, Aidea Pharmaceutical Company Limited for the production of innovative drugs for the treatment of the disease. The Nigerian company, in a statement, said it sealed the agreement in Yangzhou, China, on Monday, November 13, 2023, to address the medical challenges faced by infected persons in the country. Fidson said it would collaborate with Aidea to manufacture, promote and sell products that would help with the treatment of HIV.

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.

Every day across Africa, people turn to Google products like Search, YouTube and Fitbit for insights about their health and wellbeing. But many may not know that we have also been researching how AI can help improve healthcare outcomes for people, and how AI can empower our partners to deliver better health services — from improving maternal health outcomes to building useful digital tools for healthcare workers. To mark the upcoming Africa HealthTech Summit in Kigali, Rwanda — an event that brings together a diverse group of digital health innovators and public health experts to share knowledge and ideas to

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has accused 63 companies and agencies of government in 11 states of illegal occupation on the 5.4GHz frequency band in the country. The commission, which addressed a document to all the unauthorised users, said the 5.4GHz band spanning 5.430-5.725GHz frequency range has been licensed in Nigeria and stated that transmission of signals or use of equipment in any form on the band without a frequency license obtained from the NCC is illegal. In the document signed by NCC Director of Public Affairs, Henry Nkemadu, those discovered to be using the band in

By Adedapo Adesanya For yet another month, Nigerian crude oil production fell in January 2022 as the country produced 1.5 million barrels per day, 180,000 barrels per day lower than what it is permitted to supply to the global market, though its production last month was the highest in five months. Nigeria’s January output marked a recovery from the fourth quarter of last year when production was hit by a number of sabotage incidents and infrastructure issues. The Organisation of the Petroleum Exporting Countries (OPEC), which Nigeria is a member, saw its crude production increase again last month but the

By Dipo Olowookere A wholly owned subsidiary of Allianz SE, Societe Fonciere Europeenne B.V., has been given the approval to fully acquire 10 million ordinary shares of Ensure Insurance Plc. This approval was given by the Securities and Exchange Commission (SEC) and the acquisition is through a mandatory take-over. It gathered that the takeover was priced at 72 kobo and opened on the NASD Securities Exchange on September 26, 2018 and will close October 22, 2018. “In order to accommodate this exercise, the shares of Ensure Insurance Plc have been suspended from trading on the NASD OTC Securities Exchange for

By Modupe Gbadeyanka Millionaires have emerged in the draw held in April 2021 by Heritage Bank in collaboration with the CREAM Platform for its YNSPYRE product. Over N12 million was won during the second monthly raffle draw by YNSPYRE account holders who subscribed to the platform by dialling *745*463# on all networks. The promo was designed to support the Nigerian creative industry and the epoch-making event took place at the Balmoral Hall of Federal Palace Hotel in Lagos. It had in attendance the Divisional Head of Corporate Communications at Heritage Bank, Mr Fela Ibidapo; Dapo Oyebanjo a.k.a D’Banj and his

By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 2.28 per cent last week as a result of profit-taking by investors ahead of the Easter break. The bourse operated from Monday to Thursday and shut its doors on Friday for the Good Friday holiday, with the All-Share Index (ASI) and the market capitalisation closing lower at 52,994.13 points and N28.869 trillion, respectively. Similarly, all other indices finished lower with the exception of insurance, which appreciated by 2.19 per cent, while the ASeM and growth indices closed flat. In the week, 1.054 billion shares worth N10.050 billion were traded in

By Dipo Olowookere About 48 million children living through some of the world’s worst conflicts and other humanitarian emergencies will benefit from UNICEF’s 2017 appeal, which was launched today. From Syria to Yemen and Iraq, from South Sudan to Nigeria, children are under direct attack, their homes, schools and communities in ruins, their hopes and futures hanging in the balance. In total, almost one in four of the world’s children live in a country affected by conflict or disaster. “In country after country, war, natural disaster and climate change are driving ever more children from their homes, exposing them to

By Modupe Gbadeyanka A former lawmaker and businessman, Mr Ned Nwoko, has urged the government to provide free education to children of security personnel in the country to make them more efficient. Mr Nwoko gave this advice over the weekend at the maiden dinner of the National Association of Online Security Reporters (NAOSRE) held in Lagos. The philanthropist, who is the grand patron of the group, submitted that security operatives are not being taken care of well in Nigeria, noting that this could be one of the reasons they seem harsh on the citizens. “We are not happy with the

By Adedapo Adesanya Binance, the world’s largest crypto and blockchain infrastructure provider, has been granted a Digital Asset Service Provider (DASP) registration to operate in France. The green light was given by Autorité des marchés financiers (AMF), which regulates the French financial markets, with the approval of the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the authority responsible for supervising the banking and insurance sectors in France, especially AML Regulations. The landmark achievement for Binance represents its first DASP registration in the European Union and demonstrates its commitment to being a compliance-first exchange. The registration allows Binance France SAS