Minister Confirms Case of Lassa Fever in Ogun

By Modupe Gbadeyanka The Lagos State House of Assembly has called for the immediate arrest of a doctor who performed surgery on a boy, Adebola Akin-Bright, whose intestines went missing in the process of going under the knife. At the plenary on Tuesday, the parliament urged the Lagos State Governor, Mr Babajide Sanwo-Olu, to provide funds for the treatment of the boy outside the country. It was alleged that the 12-year-old Adebola underwent surgery at a private hospital, Obitoks Medical Centre, in the Alimosho area of the state. He is currently at the Lagos State University Teaching Hospital (LASUTH) receiving

By Aduragbemi Omiyale A smart recycling hub has been unveiled at the Ojoo terminal in Ibadan, the Oyo State capital, courtesy of a waste management consultant, Mottainai Recycling Limited. The facility was opened on Monday at a ceremony attended by the representatives of the state government, the consultant, and the Akinyele Local Government, among others. The Director of Environment of the local council, Mrs Ahmed B.D., said the initiative was aimed to raise awareness among traders, market women, and the general public about climate change, stressing the hazards and consequences of indiscriminate waste disposal, and other undesirable waste management practices.

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 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 NASD Over-the-Counter OTC Securities Exchange grew by 1.85 per cent on Thursday to reach a record high in the 2021 trading year. At the session, the NASD Unlisted Security Index increased by 14.35 points to hit 789.19 points, its highest peak in the year compared with the 774.84 points it closed on Wednesday This development boosted the portfolios of investors as the market capitalisation of the exchange expanded by N10.2 billion to close at N560.96 billion in contrast to N550.76 billion of the preceding session. Three stocks led by the Nigerian Exchange (NGX) Group Plc were

By Adedapo Adesanya The sum of N28 billion is to be injected into Yola Electricity Distribution Company (YEDC) over a period of two years, the Bureau of Public Entreprises (BPE) has said. Yola Disco was recently acquired by Quest Electricity Nigeria for N19 billion and the company is preparing to use its expertise to transform the energy firm. The Director-General of the BPE, Mr Alex Okoh, in a statement signed by Mrs Amina Othman, the agency’s Head of Public Communications, said the new investor was committed to improving the quality of life of the inhabitants in the North-East geopolitical zone

By Dipo Olowookere Largest financial institution in the Middle East and Africa (MEA) region, QNB Group, has announced its results for the year ended December 31, 2017. However, the financial results for 2017 along with the profit distribution are subject to Qatar Central Bank (QCB) approval. A breakdown of the financial statements showed that the lender, for the year ended 2017, grew its net profit by 6 percent compared to last year to $3.6 billion (QAR13.1 billion). Also, its total assets increased by 13 percent from December 2016 to reach $223 billion (QAR811 billion), the highest ever achieved by the

By Modupe Gbadeyanka Foremost consultancy firm in Nigeria, Intermarc Consulting, will hold a National Waste Management Conference 2016 tagged CleaNigeria2016 next month. Business Post gathered that Intermac came up with this programme due to poor the concrete national waste management plan in Nigeria. The event, slated to hold on November 1 and 2 at the Civic Centre, Lagos, is themed ‘Developing a Sustainable Framework for Waste Management.’ During the conference, professionals, researchers, government departments and local authorities will have the opportunity to exchange ideas and discuss the work regarding the current situation in waste management as well as an anticipated

By Adedapo Adesanya  Crude oil settled lower on Wednesday as traders weighed concerns over a surge in COVID-19 cases in China, the world’s top oil importer. Brent crude futures fell by $1.07 or 1.3 per cent to settle at $83.26 a barrel, while the US West Texas Intermediate (WTI) crude futures lost 57 cents or 0.7 per cent to trade at $78.96 per barrel. China has said it will stop requiring inbound travellers to quarantine from January 8, a major step towards relaxing stringent curbs on its borders. However, Chinese hospitals have been under intense pressure due to a surge

By Modupe Gbadeyanka The sum of $40 million has been injected into one of the leading online travel agencies based in Nigeria, Wakanow.com Limited. The amount is aimed at making the firm take a leading role in the sector, which boasts of other strong competitors. This investment adds to Carlyle’s experience in the online travel sector, where it has invested in companies such as C-trip, one of the major online travel agencies operating across China, the Latin American travel and tour operator CVC Brasil, and Vasco Turismo, one of the largest travel operations groups in Peru. Managing Director of Carlyle

By Adedapo Adesanya It has been predicted that the recent acquisition of 50 percent stake in the Brazilian oil company in Nigeria, Petrobras Oil and Gas B.V. (POGBV) by Africa Oil Corporation will cause a surge in mergers and acquisitions in the oil and gas sector in sub-Saharan Africa. Earlier in the year, Africa Oil completed the acquisition of a 50 percent equity stake in POGBV in a deal worth $1.5 billion, with the total cash consideration being approximately $520 million. The deal saw Standard Bank Group as the sole advisor to Africa Oil, a Canadian group with exploration assets

By Modupe Gbadeyanka As part of its Corporate Social Responsibility initiatives, a leading financial institution, Fidelity Bank Plc, recently facilitated a free medical outreach in the Lagos Island East Local Council Development Area (LCDA) through its Fidelity Helping Hand’s Programme (FHHP). Held on Thursday, December 22, 2022, the outreach afforded members of the community an opportunity to undertake breast cancer screening, cervical cancer screening, cryotherapy, malaria test, blood pressure test, eye tests and diabetes screening, as well as a deworming exercise and treatment of detected ailments at no cost. Welcoming guests to the event, Branch Leader, Kofo Abayomi-Apapa SBU, Fidelity