Healthcare Firm Wins Maiden Fidelity Bank SME Contest

In today’s world where modern technology has us glued to our screens, teens and adults alike are woefully inactive. According to the World Health Organisation (WHO), global estimates show that one in four adults and more than 80% of adolescents do not do enough physical activity. Physical activity is critical for human health, and adopting a healthy lifestyle that includes regular physical activity is one of the most important things a person can do to improve their health and well-being. Evidence is emerging that shows that physical inactivity is associated with a heightened risk of serious illness and death. On

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 Adedapo Adesanya One of the largest private tertiary healthcare organisations in West Africa, Iwosan Lagoon Hospital, has launched a new state-of-the-art medical facility in Victoria Island, Lagos as part of its bid to reduce medical tourism in the country. The multi-speciality hospital, founded in 1986, has a team of world-class healthcare experts and advanced technology-driven medical equipment, including a Catheterization Laboratory (Cath Lab) and a Magnetic Resonance Imaging (MRI) scan. The 27-bed facility offers a wide range of primary, secondary, and tertiary healthcare services and is positioned to be the Centre of Excellence for Advanced Cardiology & Cardiac Surgeries.

By Dipo Olowookere Managing Director of Capital Oil and Gas Limited, Mr Ifeanyi Ubah, has been apprehended by operatives of the Department of State Services (DSS) in connection with the petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation (NNPC) that developed wings. According to Mr Tony Opuiyo, spokesman of the DSS, Mr Ubah was arrested on Friday and he is furnishing the agency with information concerning the issue. The missing petrol is said to worth about N11 billion and is capable of having a negative “impact on national economy,” the DSS said in a

By Jerome-Mario Chijioke Utomi There is no doubt anymore that in Nigeria’s leadership corridor, once a direction is chosen, instead of examining the process meticulously and setting the right course; one that will allow us to overcome storm and reach safety before we can progress and achieve our goals, we obstinately persist with the execution of such plans regardless of a minor or major shift in circumstance. An eloquent example of the above assertion is the controversial water resources bill recently reintroduced in the House of Representatives and sponsored by the Chairman of the House Committee on Water Resources, Sada

By Modupe Gbadeyanka Governor Nasir El-Rufai has launched the Kaduna State Ease of Doing Business Charter at the second Kaduna Economic and Investment Summit (KADINVEST 2.0). The scheme is aimed to outline the state government’s commitment and measures, which in turn is to simplify business processes and operations in the state. According to Mr El-Rufai, the charter is further to demonstrate the state’s business-friendly environment that is also supported by a favourable legal framework. Speaking at the programme, the Governor said the major objective of the master plan was to create a conducive environment for public/private participation in infrastructure project

By Modupe Gbadeyanka Some medical supplies and equipment worth millions of Naira have been donated to four Primary Health Centres in Oluyole Federal Constituency by the lawmaker representing the region at the National Assembly, Ms Tolulope Akande-Sadipe. The items were given to the healthcare facilities by the parliamentarian in partnership with Amoke Foundation for public use on Monday, December 20, 2021, in Ibadan. The medical supplies, which were received by the matrons-in-charge of the PHCs, will cater for the wellbeing of the people of Oluyole Federal Constituency. The beneficiaries were Odo-Ona Primary Healthcare Centre, Idi-Ayunre Primary Healthcare Centre, Adaramagbo Primary

By Dipo Olowookere On Monday, the treasury bills market traded on a slightly bearish note due to the continued squeeze in system liquidity, following the OMO and FX sales by the Central Bank of Nigeria (CBN). The apex bank auctioned forex worth $210 million to foreign currency traders in the interbank market segment. It was gathered that treasury bills yields marginally increased at the market today by 0.13 percent to 15.38 percent. This occurred as the central bank sold a total of N17.96 billion worth of the 241-day bill to investors at 14.40 percent. The apex bank had offered N30

By Otori Emmanuel The fact that Nigeria’s debt profile keeps increasing without any corresponding economic growth is very concerning. In January 2023, President Muhammadu Buhari authorized the appropriation bill, originally proposed to be voted into law for N20.51 trillion, to be increased to N21.83 trillion. The president then announced a planned loan of N1 trillion that will be sourced by Ways and Means, totalling a bill of N23 trillion that will be securitized. According to the Debt Management Office (DMO), the incoming administration is expected to inherit a debt stock of N77 trillion in May or June 2023. The DMO

By Adedapo Adesanya The federal government has directed telecommunications operators to bar all outgoing calls of all Subscriber Identification Module (SIM) cards not yet linked with the National Identification Number (NIN) effective today, April 4, 2022. This was disclosed by the Minister of Communications and Digital Economy, Mr Isa Pantami, in a statement on Monday, saying that the move was part of the implementation of the NIN-SIM linkage policy of the government. The statement was jointly signed by the Director, Public Affairs, Nigerian Communications Commission, Mr Ikechukwu Adinde; and Head, Corporate Communications, National Identity Management Commission, Mr Kayode Adegoke. In

By Modupe Gbadeyanka The management of Japaul Oil and Maritime Services (Japaul Oil) Plc has announced its intention to pull out of the much-publicised $350 million equity injection deal with Milost Global Incorporated. Milost Global, a private equity company based in the United States, had earlier this year announced its intention to inject the above amount into the Nigerian firm. This was later confirmed by the management of Japual Oil and caused stocks of the company to experience sharp price appreciation on the floor of the Nigerian Stock Exchange (NSE). However, a report by Business Day newspaper, analysing the deal