Malaria: Nova Diamond Launches Give A Net Campaign

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 Dipo Olowookere A unified platform for healthcare claims and payment integrity, CoverSelf, has obtained an $8.2 million seed round to expand its operations in the United States and drive healthcare claims and payment accuracy. It was gathered that existing investors in the firm, BEENEXT and 3one4 Capital, led the funding round, with Z21 ventures and healthtech leaders coming in to invest in the organisation. CoverSelf intends to use the fresh capital to build generative AI capabilities and increase headcount in sales and marketing as the business scales, especially at a time when the exponential growth of costs in healthcare

By Aduragbemi Omiyale It was a moment of joy that would not be forgotten for a long time for residents of Rivers State on Saturday, September 23, 2023, as the O.B. Lulu-Briggs Foundation distributed some blood pressure monitors to them. The organisation gave out the items to celebrate its 22nd anniversary. Apart from the items distributed, the company also carried out free screenings and high blood medication. It was gathered that almost 400 persons benefitted from the gesture, including the young and old at the La Sien Pavilion, Old GRA Port Harcourt, the state capital. The Chairman of the O.B.

While rhinoplasty procedures vary in complexity and expected recovery times, everyone wants to heal faster and minimise downtime after the procedure. The success of the procedure will not only depend on the skill of the surgeon but also the patient’s ability to heal properly. In the past few years, a group of molecules, known as peptides, have increasingly gained significant attention in the medical field for their incredible potential in bolstering the healing process. Simply put, they are a group of naturally occurring or synthetic amino acids that have been shown to optimise healing and recovery times. Let’s take a

By Modupe Gbadeyanka Few days ago, the Central Bank of Nigeria (CBN) released the list of beneficiary banks that received the $660 million it disbursed to the manufacturing sector through the interbank market over a one month period. From the list released on the CBN website, it was observed that the banks received a total of $660,173,976.46. The apex bank revealed few weeks ago that the release of the money followed claims in some quarters that manufacturers were finding it difficult to access forex. The $660 million was made available to the manufacturers through the interbank market to source for

By Modupe Gbadeyanka Philip Morris International Inc. (PMI) has announced an investment of approximately €300 million to convert the cigarette factory of Papastratos, PMI’s affiliate in Greece, into a manufacturing plant for the tobacco sticks to be used with its smoke-free product IQOS. These tobacco sticks are currently commercialized as Heets or HeatSticks. Since the equipment necessary to manufacture tobacco sticks for IQOS is larger than that required for cigarette manufacturing, the current facility area will be expanded. Once fully operational, the plant will have an annual capacity of around 20 billion tobacco sticks. The investment will create 400 new

By Adedapo Adesanya When you think of exceptional Nigerian fashion entrepreneurs, Ugonna Bryant Iriele has to cross your mind. His creativity has manifested itself in the design and execution of his luxury fashion brand Lykos Gonna which is becoming the toast of Los Angeles. The designer comes from a family of means and is parented by Dr Clifford Ifeanyi Iriele from Awo Idmeili, and Chinelo Virginia Iriele, (Iloanya) Eziawa both from the eastern region of Nigeria. The designer has been able to make a name for himself in the highly competitive world of streetwear and high fashion. Ugonna Bryant Irele

**Offers Juicy Packages, Targets Top 5 Spot By Nathan Ekpo Stanbic IBTC Insurance Brokers Limited, a subsidiary of Stanbic IBTC Holdings Plc, has expressed its desire to become one of the top five firms in the industry. At a media parley on Thursday in Lagos, the company said its main aim of joining the industry was to allay the fears of Nigerians about insurance. It is a known fact that many Nigerians do not subscribe to insurance policies because they feel it is unnecessary and a waste of money. In some cases, they go spiritual and sentimental; thinking subscribing to

By Dipo Olowookere The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) closed above 29,000 points on Wednesday after it appreciated by 1.58 per cent or 457.31 points to finish at 29,437.60 points as against Tuesday’s 28,980.29 points. Buying interest mainly in consumer goods, energy and banking stocks contributed to the growth achieved during the session as their respective indices went up by 5.66 per cent, 2.14 per cent and 1.18 per cent. These sectors were not the only gainers on Wednesday as the insurance sector appreciated by 1.52 per cent, while the industrial goods space rose by 1.12

By Dipo Olowookere Talk of airlines that take customers’ satisfaction as priority as well as being in business because of them (customers), Delta Air will definitely top the list. Over the years, the airline has made a name for itself in the highly competitive aviation industry that customers must be treated like kings and queens and that their flight experience must be superb. No wonder its customer base continues to swell daily. Business Post has reliably gathered that Delta’s Master Sommelier, Andrea Robinson, has hand-picked her 2017 Wine selections, offering exclusive choices to Delta One customers flying between Nigeria and

By Adedapo Adesanya Consultancy firm, PricewaterhouseCoopers (PwC), has forecast that recent developments will see Nigeria’s economy grow by 2.8 per cent in 2023 and by 3 per cent in 2024. In its latest report, it showed that the Nigerian gross domestic product (GDP) would slow, a move that started the first quarter of the year with through to the end and expand at virtually the same rate next year, “The marginal growth in GDP by 2.5 per cent in Q2 2023 from 2.3 per cent in Q1 2023 was caused by the lingering effect of the cash crunch. PwC projects

By Dipo Olowookere A former Head of Operations at the Head Office of Union Bank Plc in Marina, Lagos, Mr Paul Onwughalu, has been sentenced to three years imprisonment for his involvement in fraud to the tune of N450 million. Mr Onwughalu was arraigned by the Economic and Financial Crimes Commission (EFCC) in February 2014 before Justice S.S. Ogunsanya of the Lagos High Court, Ikeja on a four-count charge bordering on failure to conduct due diligence in financial transactions. Ruling on the matter in March 2018, Justice Ogunsanya found the accused guilty of the offence and sentenced him to three