Lagos Appoints Goncalves as Perm Sec of Health Ministry

 By Adedapo Adesanya A new report from SB Morgen Intelligence has shown that prices of drugs have skyrocketed by as much as 1,000 per cent in the last four years, raising worries about Nigerians being able to treat themselves using orthodox methods. In the report Paying the Price on Health, the firm analysed the impacts of the Nigerian economy and foreign exchange crisis on the prices of essential medicines in the country. It was found that between 2019 and 2023, there were massive surges across four broad categories of Antimalarial, Antibiotics, Painkillers and Common Cold medicines. The report indicates that antibiotics

By Adedapo Adesanya The Coordinating Minister of Health and Social Welfare, Dr Muhammad Pate, has said Nigeria could become a hub for vaccine production and distribution in Africa, banking on his experience at GAVI. According to him, this can be achieved with the country’s large population, skilled workforce, and existing pharmaceutical industry. “On local vaccine manufacturing, as you are all aware, until I came back as a Minister, I was going to work with GAVI, an international organisation created in 2000 to improve access to new and underused vaccines for children living in the world’s poorest countries. And GAVI also

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 Investors Hub Asian stocks rose on Monday despite conflicting signals from the U.S. and China on the trade front and a landslide victory by the pro-democracy camp in the Hong Kong district council election. China’s Shanghai Composite Index surged up20.88 points, or 0.7 percent, to 2,906.17 after a tabloid run by the ruling Communist Party discounted “negative” media reports and said both countries were “very close” to a phase one trade deal. China also remains committed to continuing talks for a phase two or even a phase three deal with the United States, the state-backed Global Times said on

By Investors Hub Asian stocks ended mixed on Tuesday as scant details about the partial U.S.-China trade deal announced last week as well as renewed Brexit uncertainty dented sentiment. In addition, investors adopted a cautious stance ahead of earnings results from the big U.S. banks this week. China’s Shanghai Composite Index dropped 16.84 points, or 0.6 percent, to 2,991.05 after the release of inflation data. Hong Kong’s Hang Seng Index finished marginally lower at 26,503.93. Chinese consumer price inflation accelerated to the highest since 2013 on food prices, while factory gate prices eased further in September as trade disputes with

By Aduragbemi Omiyale Since the coronavirus (COVID-19) disease struck in 2020, the world has not remained the same and the way people and organisations operate has changed. Recently, stakeholders gathered for the AfricaNXT2022 and the Future of Work was discussed with Phillips Consulting, a leading business and management consulting firm, providing deep insight into the paradigm by exploring emerging trends in the ecosystem. The company has, in the past two years re-imagine the future of work as the world comes to grips with the next normal, businesses and teams have to continue to adjust and react quickly to remain competitive.

By Dipo Olowookere The bullish trend at the Nigerian Stock Exchange (NSE) was sustained at the last trading session of the month of April 2020. Gains posted by equities in the insurance and energy sectors further strengthened the market last Thursday by 0.67 percent. The 1.22 percent and 1.04 percent growth printed by the insurance and oil/gas sector respectively erased the losses recorded by the industrial goods (0.47 percent), banking (0.37) and consumer goods (0.23). At the close of transactions, the All-Share Index (ASI) increased by 152.61 points to 23,021.01 points from 22,868.40 points. Also, the market capitalisation increased by

By Dipo Olowookere Five women are expected to grab the $50,000 put down by Standard Chartered Bank (Nigeria) Limited for the second edition of the SC Women in Technology Incubator programme. The initiative is aimed to support and promote the economic and social development of women in Nigeria through innovation or technology-led entrepreneurship. Through this scheme, the bank will be focusing on capacity building for women-owned small enterprises and sees this as a great opportunity to support greater diversity in gender representation within technology entrepreneurship for women in the country. The Standard Chartered Women in Tech programme targets female-led entrepreneurial

By Modupe Gbadeyanka The Nigeria Custom Service (NCS) has been asked to pay the sum of N10 billion as compensation within one month or be ready for a court action. This is the demand by the Automobile Dealers Association. The group, in a letter to the Comptroller General of NCS, Mr Hameed Ibrahim Ali, through its legal counsel, Ubani & Co, said this request became necessary because officials of the agency has rendered businesses of its members useless by constant harassment and unlawful sealing of their business premises. In the letter copied to the Senate President, Speaker of House of

By Adedapo Adesanya Ride-hailing giant, Uber, has announced the launch of multiple new products and features in Nigeria as well as other Sub-Saharan African countries like South Africa, Ghana, Kenya, and Côte d’Ivoire. The launch, which took place simultaneously across various locations in Sub-Saharan Africa markets, also showcased the latest addition to its suite of safety features. Speaking at the event, General Manager for Uber SSA, Mr Kagiso Khaole, said the brand was pleased to be expanding into eight more cities during September across Kenya, Nigeria and Ghana. “As we gear ourselves to mark our 10th year anniversary next year,

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