Niger Raises Salary of Health Workers

By Adedapo Adesanya The founder of Nigeria’s Wellahealth Technologies, Mr Ikpeme Neto, has been selected among the top 10 finalists of Africa’s Business Heroes Prize Competition, the philanthropic programme sponsored by Chinese billionaire, Mr Jack Ma. The foundation, now in its fifth year, announced this year’s finalists after an intense round of semi-finale business pitches and judging held on September 1 and 2 at Norrsken House in Kigali, Rwanda. Mr Neto will be among these 10 entrepreneurs who will compete for their share of the final prize of $1.5 million in grant funding at the competition’s grand finale scheduled for

Thrombosis, or blood clotting, can affect people of all ages, races, and genders. And while both men and women are at risk of getting a blood clot, there are several stages in a woman’s life when that risk may be higher. Thrombosis is the formation of blood clots in the circulatory system, which can be dangerous if the clot blocks blood flow to vital organs, causing serious complications, such as deep vein thrombosis (DVT) or pulmonary embolism (PE). According to the World Thrombosis Day (WTD) campaign, blood clots can happen to anyone at any time. Surgery, hospitalisation, and cancer raise

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

**As Authority’s Infrastructure Intervention Excites Reps Committee Chairman The Nigeria Sovereign Investment Authority on Monday received members of the House of Representatives who were in Lagos to inspect projects undertaken by the Authority and their impact on the economy. Key areas of focus for the Lagos visits were Healthcare, Infrastructure and Agriculture. The Ad-hoc Committee was constituted by the House of Representatives to investigate the activities of the Nigeria Sovereign Investment Authority (NSIA) since the inception of the Authority. The committee during the visit hailed the management of the NSIA on their intervention in the healthcare sector. The members of

By Modupe Gbadeyanka Financial system liquidity in Nigeria is expected to be boosted this week by the N263.40 billion worth of treasury bills maturing at the market. Last week, bills worth N309 billion matured at the T-bills market, offsetting the outflow recorded when the when the Central Bank of  Nigeria (CBN) auctioned T-Bills worth N292.62 billion via Open Market Operations (OM0). According to analysts at Cowry Asset, this consequently made the Nigerian Inter-bank Offered Rate (NIBOR) for all maturities tracked to depreciate; overnight funds, 1 month, 3 months and 6 months tenor buckets fell w-o-w to 9.21 percent from 19.07

By Adedapo Adesanya Nigeria recorded the biggest decline in oil production among the Organisation of the Petroleum Exporting Countries (OPEC) output cut quota in August, according to a Reuters survey. The country’s output dropped by 100,000 barrels per day, the survey said, noting that it occurred as exports from the Forcados terminal were under force majeure due to a leak on August 15. A force majeure provides temporary reprieve to a party from performing its obligations under a contract upon the occurrence of an uncontrollable event. Oil output, however, rose to its highest since April 2020, as the involuntary losses

By Modupe Gbadeyanka FSDH Securities Ltd has predicted that Nigeria’s inflation rate for December 2016 is expected to “marginally to 18.44 percent from 18.48 percent recorded in the month of November 2016.” In its latest report, the firm explained this fall would be driven by lower than anticipated price increases within the Food and Non-Alcoholic Beverages division, as well as the base effect. The National Bureau of Statistics (NBS) is expected to release the inflation rate for the month of December 2016 on January 13, 2016 based on the information on the twitter handle of the Statistician General of the

By Dipo Olowookere Erstwhile National Legal Adviser of the ruling All Progressives Congress (APC) Mr Muiz Banire (SAN), has been appointed as Chairman of Asset Management Corporation of Nigeria (AMCON). Mr Banire was appointed for the position by President Muhammadu Buhari; however, this is subject to confirmation by the Senate. In a letter to the upper chamber of the National Assembly yesterday, the President said the appointment of Mr Banire was, “In compliance with section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act 2010.” Mr Buhari said, “It is my hope that the distinguished senate will consider and

By Investors Hub Asian stocks closed broadly higher on Thursday as oil prices rebounded, Italy’s political turmoil eased and Chinese data topped forecasts. Italian president Sergio Mattarella granted Italy’s two populist leaders more time to form a government, helping ease worries that another election will essentially be a referendum on the country’s membership in the European Union. Chinese shares posted strong gains as investors cheered upbeat manufacturing and non-manufacturing data. The benchmark Shanghai Composite index jumped 56.50 points or 1.9 percent to 3,099.94, while Hong Kong’s Hang Seng Index surged up 411.77 points or 1.4 percent to 30,468.56. The manufacturing

By Modupe Gbadeyanka Few days ago, Centrespread announced an affiliation with Grey Africa, bringing together two formidable brands in the marketing communication industry in Africa. The partnership brought about CentrespreadGrey. Chief Executive Officer of CentrespreadGrey, Mr Kola Ayanwale, in a chat with journalists in Lagos, described the partnership between Grey Africa and Centrespread as a demonstration of the readiness of Africans to foster seamless relationships that promote excellence across the continent. Mr Ayanwale, who himself is one of Nigeria’s most successful marketing communications moguls, noted that the affiliation became necessary to satisfy a growing search by discerning clients for strong

By Modupe Gbadeyanka A group known as National Youths Vanguard for Democracy has lambasted Akwa Ibom State Governor, Mr Udom Emmanuel, describing him as an ungrateful person. In a statement issued by the National Coordinator of the group, Barrister Innocent Edward, it said, “We read the statement attributed to the ungrateful governor of Akwa Ibom State, Mr Udom Emmanuel against uncommon Senator Godswill Akpabio with great shock and bewilderment.” “We had waited long for the ungrateful governor to denounce the story credited to him as saying uncommon Senator Godswill Akpabio is a greedy, arrogant and egocentric fellow but such was

By Modupe Gbadeyanka Shareholders of Honeywell Flour Mills Plc, a leading foods manufacturer in the country, have been assured a sustained growth in revenues through innovation and capacity expansion. This assurance was given by Chairman of the company, Dr Oba Otudeko, ahead of the 10th Annual General Meeting (AGM) of the firm scheduled for Thursday, September 26, in Lagos. In the 2019 Annual Reports and Accounts of the company, the Chairman also assured stakeholders that the future of the business would be shaped by innovation; introduction of new and unique food products whilst maintaining its commitment to increasing local content.