NSE Approves May & Baker Nigeria’s N2.45b Rights Issue

By Dipo Olowookere An innovative food manufacturing company, Elkris Bio-Health, has introduced a new breakthrough anti-high blood pressure supplement into the Nigerian market. The natural organic all-in-one drug, Elkris Bio-Health Plus Supplement, according to the firm, has a noticeable reduction in BP reading within 15 to 25 minutes of ingestion. The bioceutical capsule was formulated to control high blood pressure, cholesterol and blood sugar levels, as well as neutralise pressure within blood vessels, and clean up excess glucose, harmful chemicals, and excess salt. “The EBP Bioceutical Capsule is designed as a guaranteed neutraceutical that brings blood pressure, cholesterol and blood

By Dipo Olowookere African governments have been charged to adopt “a more innovative model of primary health delivery with grassroots-focused universal health coverage structure that is customised to suit the peculiarities” of the continent. This advice was given by the Chairman and chief executive of Elkris Group, Dr Elliott Scott Omose, during a media chat with newsmen over the weekend. The healthcare practitioner, who described primary healthcare in Africa as non-existent, said the continent has the capacity to deliver quality service to its citizens. Mr Omose is also the founder of PreDiagnosis International, an innovative public healthcare management non-profit organisation

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.

By Modupe Gbadeyanka The medical practitioner who performed surgery on the late 12-year-old Adebola Akin-Bright at the Obitoks Hospital in the Alimosho area of Lagos State, Dr Abayomi Baiyewu, has been described as a quack surgeon. The Chairman of the Lagos State House of Assembly ad-hoc committee with the mandate to investigate the circumstances that led to the disappearance of Adebola’s small intestine, Mr Noheem Adams, said the doctor was not qualified to carry out the exercise. Adebola died on Tuesday at the Lagos State University Teaching Hospital (LASUTH), Ikeja, where he was receiving treatment after he underwent surgery two

By Adedapo Adesanya The Rivers State Government has assured investors of the safety of the $10 billion Train-7 project of the Nigeria Liquefied Natural Gas Limited, saying the successful commencement was enough proof that the state was safe contrary to negative opinions. The fear was allayed by Governor Nyesom Wike during a courtesy call by the Ambassador of the Republic of Korea to Nigeria, Mr Kim Young-Chae, at the Government House, Port Harcourt. The Governor explained that it was impossible for investors to stake $10 billion for the project if the state was insecure as peddled by those he described

By Modupe Gbadeyanka President Muhammadu Buhari on Friday drafted Minister of State Budget and National Planning, Mrs Zainab Ahmed, to the Ministry of Finance. This followed the resignation of Mrs Kemi Adeosun as the Minister of Finance yesterday over her fake National Youth Service Corps (NYSC) Exemption Certificate. Mrs Adeosun tendered her resignation letter to Mr Buhari on Friday after confirming that the certificate was truly not genuine and her resignation was accepted by the President. In his acceptance letter, Mr Buhari “thanked the Minister for her services to the nation and wished her well in her future pursuits.” “The

By Modupe Gbadeyanka A star-studded film produced by Mr Seun Oloketuyi, Dilemma, will premiere today, Thursday, April 14, 2022, on Youtube.com/yorubaplay. The latest Yoruba movie directed by award-winning Okiki Afolayan tells the story of a young lady who is focused, intelligent and hardworking but fell in love with an average-aged man. While the lady showered the man with love and generosity, rather than reciprocate the gesture, he decided to take advantage of her. While a serious misunderstanding ensued, the two lovers broke up, but lots of other intriguing things happened. According to the executive producer of the flick, Adedoyin Olaleye,

By Investors Hub Asian stocks finished broadly lower on Friday as uncertainty about the U.S. tax reform plan dented investor sentiment and boosted demand for safe-haven assets such as gold and the Japanese yen. Japanese shares led regional decliners, with a stronger yen and losses by technology stocks weighing on the markets. The Nikkei 225 Index fell 187.29 points or 0.8 percent to 22,681.42, while the broader Topix Index closed 0.7 percent lower at 1,800.44. Fanuc, Tokyo Electron and Advantest lost around 2 percent, and Toshiba plummeted 5.1 percent on equity dilution worries. Tire maker Bridgestone Corp slumped 7.7 percent

By Aduragbemi Omiyale Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank Plc, has introduced a savings campaign aimed to reward its customers for opening and depositing funds in their accounts. The campaign, according to a statement from the lender, is part of its commitment to promote a savings culture among its customers, which will eventually support economic growth. It was disclosed that the promo will run for three months, and the bank’s customers stand the chance of winning cash prizes ranging from N100,000 to N1 million. To qualify, existing customers are required to make a new deposit of N5,000

By Investors Hub Invictus MD Strategies Corporation has expressed its determination not to proceed with its previously announced offering of convertible debentures as set forth in a news release dated April 20, 2017 and instead will proceed with an offering of units with the same underwriting syndicate. It was learnt that Canaccord Genuity Corp. and Eventus Capital Corp., as co-lead underwriters and joint-bookrunners, on behalf of a syndicate of underwriters, have agreed to purchase, on a bought deal private placement basis, subject to adjustment pursuant to the Underwriters’ Option, 14,820,000 units of the company, at a price of $1.35 per

By Dipo Olowookere The Nigerian currency lost its strength against the Euro at the parallel segment of the foreign exchange (forex) market on Wednesday. This came after the Central Bank of Nigeria (CBN) released $195 million to the inter-bank segment of the market on Monday to sustain the flow of forex at the market. At the close of business today, the Naira depreciated by N1 against the Euro, finish at N425 to the Euro, compared with N424 it traded yesterday. However, the local currency stayed firm against the two other major foreign currencies, the Dollar and Pound Sterling. At the

By Dipo Olowookere The stock market in Nigeria depreciated by 0.25 per cent on Monday on the back of selloffs in some value equities like BUA Cement, GTCO, UBA, Zenith Bank and others. Profit-taking by investors brought down the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited by 97.95 points to 38,864.33 points from 38,962.28 points and depleted the market capitalisation by N51 billion to N20.249 trillion from N20.300 trillion. Business Post reports that two of the five key sectors of the exchange closed bearish yesterday and they were the insurance and industrial goods, which fell by 2.34 per