Prof Fabanwo Lists Major Causes of Maternal Mortality

By Bliss Okperan The Bill Gates Foundation has selected nine Nigerian health startups, along with 20 others from other parts of Africa, for a $50,000 equity-free grant to boost the healthcare supply chain on the continent. The nine Nigerian small firms were chosen as part of Investing in Innovation Africa (i3), a pan-African initiative for startups in the healthcare supply chain. The Nigerian companies which make up the second cohort include Famasi, Aimcare, Afia, Drugstore Nigeria, Healthtracka, Octosoft Technologies Limited, Pharmarun, Pharmaserv Health Project Nigeria Ltd, and Wella Health. The cohort includes startups that are building online pharmacies and telemedicine

By Adedapo Adesanya  The Lagos State Chapter of the Nigeria Medical Association (NMA) on Wednesday directed doctors working in three hospitals, General Hospital Lagos, Lagos Island Maternity Hospital, and Massey Street Children Hospital, to commence an indefinite strike action. This followed the tragic death of their colleague, Dr Diaso Vwaere, a medical house officer, from injuries sustained when a faulty elevator crashed at the hospital. The occurrence which is generating buzz and conversation around the handling of medical practitioners, happened at the Lagos General Hospital on Tuesday night. The deceased was reportedly trapped for more than 40 minutes. The medical

By Adedapo Adesanya The federal government, through the Federal Ministry of Agriculture and Rural Development (FMARD), has donated 50,000 free doses of Anthrax vaccines to the Lagos State Government (LASG) to mitigate the spread of the Anthrax Disease to animals and humans and ensure the safety of the livestock sub-sector. Speaking during the courtesy visit to the state’s Ministry of Agriculture recently, the Permanent Secretary in the Ministry of Agriculture and Rural Development, Dr Ernest Afolabi Umakhihe, represented by the Deputy Director of Veterinary and Pests Control Services, Dr Abdulkareem Durosinlorun, said that donation of the vaccines would fast track

By Aduragbemi Omiyale Residents of Lagos will soon begin to enjoy quality healthcare services at their doorsteps with the collaboration between the Sterling Bank and the Lagos State government. The financial institution is funding the building of some Ilera Eko Virtual Booths across the state to ensure busy residents of the metropolis access health services with ease. The Lagos State government came up with Ilera Eko as part of its efforts to ensure citizens of the aquatic city have access to cheaper healthcare and deepen health insurance. But despite this initiative, some residents, because of their busy schedules, have not

By Dipo Olowookere Despite efforts put in place by the management of Flour Mills of Nigeria Plc to improve its performance, the company suffered a 40.40 percent decline in its profit for the nine months ended December 31, 2018. In its financial statements released yesterday, the flour miller declared a post-tax profit of N7.7 billion compared with the N12 billion achieved in the first nine months of 2017. This was as the pre-tax profit depreciated by 42.17 percent to N11.3 billion from N19.5 billion. In the period under review, the revenue fell by 6.28 percent to N400.6 billion from N427.5

By Adedapo Adesanya  The global manufacturing output growth slowed down by 1.2 percent in the third quarter of 2019, a report by the United Nations Industrial Organisation (UNIDO) has revealed. According to the report, the slow development was caused by rising tensions over international trade between major economies of the world as production declined in major industrialised countries including Germany, Japan, and the United States. Business Post gathered that in industrialised countries, manufacturing output fell by 0.7 percent, compared to the same quarter in the previous year, with the production of general machinery, electrical goods and automobiles the sectors mainly

By Modupe Gbadeyanka A gas agreement has been signed by Egbin Power Plc last Wednesday in a bid to boost power generation in Nigeria. Business Post gathered that the Side Letter to the 2011 Gas Sale and Aggregation Agreement (GSAA) was sealed by Egbin Power with Chevron Nigeria Limited (CNL) and Gas Aggregation Company of Nigeria (GACN). The signing ceremony happened at the Transcorp Hilton Hotel in Abuja on Wednesday, October 31, 2018. Formalizing the agreement on behalf of the three companies were Dallas Peavey Jr., Morgan Okwoche and Sanjay Narasimhalu who are Managing Director of Egbin Plc, Director Downstream

By Dipo Olowookere Situations at the Nigerian Stock Exchange (NSE) remained unconvincing on Tuesday as the market closed 0.49 percent lower despite the release of inflation data by the National Bureau of Statistics (NBS), which said things got better to 11.22 percent from 11.40 percent. At the market yesterday, investors continued with the panic sell off of their holdings, resulting into 32 equities finishing in the red zone against the 10 stocks that ended green. Okomu Oil was the heaviest price loser on Tuesday, with N6.15k of its share price lost to settle for the day at N55.80k per share.

By Modupe Gbadeyanka Mid-tier lender, Diamond Bank Plc, has released its unaudited financial statements for the period ended June 30, 2018. During the period, the profit after tax went down by N6.2 billion or 77.6 percent to N1.8 billion from N8 billion, while the profit before tax declined by 69.3 percent from N9.5 billion to N2.9 billion. However, the gross earnings grew by 0.62 percent to N98.5 billion in H1 2018 from N97.9 billion in H1 2017. In the analysis of the financial results, the bank, which posted a disappointing full year 2017 results, said its interest and similar went

A young and upwardly mobile images expert, Bright Izuwa, has built a photography studio in Lagos believed to be worth about N30 million. The facility is expected to be unveiled on June 4, 2020, which coincides with his 30th birthday. It was gathered that the studio, which is named June 4th Studios, is situated in the heart of Ikeja, Lagos, precisely on 13B, Ladipo Kuku Street, Allen-Avenue Ikeja. For those who know the Abia State-born photographer very well, he has done well for himself and is very dedicated to his job. The serial entrepreneur horned his photography skills from a

By Adedapo Adesanya Oil prices closed in the bearish territory on Friday, falling for another session pressured by an unexpected rise in US crude and fuel inventories after investors took profits after the benchmarks touched seven-year highs earlier in the week. Brent crude dropped 49 cents or 0.55 per cent to trade at $87.89 per barrel while the US West Texas Intermediate (WTI) lost 41 cents or 0.48 per cent to settle at $85.14 per barrel. However, both crude benchmarks rose for a fifth week in a row, gaining around 2 per cent this week, showing that prices were up

By Adedapo Adesanya The Naira performed badly against the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday, January 6. The Nigerian Naira depreciated by 25 kobo or 0.06 per cent during the session as the exchange rate closed at N416.25/$1 versus N416.00/$1 of the previous session. This is the first time that the local currency depreciated this year after appreciating back-to-back at the opening two sessions of the 2022 trading year. This occurred as the forex turnover fell marginally at the session by 1.1 per cent or $1.3 million as