Rivers Gets Ambulance from Capital Market Committee

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 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.

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 Nigeria has started the introduction of the human papillomavirus (HPV) vaccine into its routine immunization system, aiming to reach 7.7 million girls in a drive against the virus that causes nearly all cases of cervical cancer. Girls aged 9–14 years will receive a single dose of the vaccine, which is highly efficacious in preventing infection with HPV types 16 and 18 that are known to cause at least 70 per cent of cervical cancers. In Nigeria, cervical cancer is the third most common cancer and the second most frequent cause of cancer deaths among women aged between

By Dipo Olowookere Lagos State government has announced that all public and private primary and secondary schools operating in the state are to resume on Tuesday, April 18, 2017. In view of this, all schools, both public and private, have been advised to adhere strictly to the Y2016/17 Academic Calendar jointly agreed upon at the stakeholders meeting held prior to the commencement of the academic year. A statement issued by the Ministry of Education noted that there was a need for keep to a uniform calendar for proper planning and ensures that pupils and students attend school for the number

By Adedapo Adesanya The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged on Friday, August 19. Business Post reports that the value of unlisted stocks in Nigeria retained the previous session’s N992.63 billion as the NASD Unlisted Securities Index (NSI) remained unchanged at 754.04 basis points. The stalemate witnessed at the session came as there was no price advancer or decliner at the week’s final session. But the level of activity changed, with the volume of transactions receding by 99.6 per cent during the session to 57,506 units from the preceding session’s 2.7 million units. Likewise,

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange grew by 0.94 per cent in five trading sessions last week, with N8.72 billion gained by investors at the close of transactions. This moved the market capitalisation of the NASD Exchange higher to N935.93 billion from the N927.21 billion achieved in the preceding week, which was the 6th trading week of the year. In the same vein, the NASD Securities Index (NSI) increased in the week by 6.64 points to settle at 712.28 points as against the 705.64 points it recorded a week earlier. Last week, the bourse had four advancers,

By Modupe Gbadeyanka The N70.6 billion needed by the Nigeria Communications Commission (NCC) as its budget in 2016 has been approved by the House of Representatives. This followed the consideration and approval of the report submitted by the House Committee on Communications led by Mr Saheed Fijabi. According to the report which was considered by the Committee on Supply chaired by the Speaker, Mr Yakubu Dogara, the lower legislative chamber of the National Assembly authorised the issue from the Statutory Revenue Fund of the NCC, N70,672,492,000. From this total, N22,211,186,000 is for recurrent expenditure while N15,651,475,000 is for Capital Expenditure.

By Modupe Gbadeyanka From June 1, 2019, Zenith Bank Plc, one of the top five banks in Nigeria, will have a new Group Managing Director/CEO. A statement issued by the lender on Monday disclosed that its board has approved the appointment of Mr Ebenezer Onyeagwu as its new head. He will be taking charge of the financial institution from its present leader, Mr Peter Amangbo, whose tenure expires on May 31, 2019. However, his appointment is still subject to the approval of the Central Bank of Nigeria (CBN), the banking industry regulator in the country. “We write to inform you

By Adedapo Adesanya The bulls tightened their grip on the NASD Over-the-Counter (OTC) Securities Exchange on Thursday on the back of a 0.33 per cent growth posted at the close of transactions. The stay of the bulls was influenced by the 2.5 per cent of N3 growth printed by FrieslandCampina WAMCO Nigeria Plc as its share price ended at N118.00 per unit as against N115.00 per unit of the last session. This helped to overpower the loss reported by Acorn Petroleum Plc, which depreciated by 7.1 per cent or one kobo to close at 14 kobo per share in contrast

By Investors Hub Asian stocks closed Thursday’s session on a muted note as falling oil prices coupled with worries about Catalonia’s independence vote from Spain kept investor appetite in check. Market participants also awaited the U.S. government’s non-farm payrolls report due out Friday for further clues as to the timing of the next interest rate increase. Japanese shares ended little changed near two-year highs as the yen strengthened slightly versus the greenback. The Nikkei 225 Index closed marginally higher at 20,628.56, while the broader Topix index slid 2 points to finish at 1,682.49. Financial and technology stocks led the decliners,

By Adedapo Adesanya Mondia, a leading mobile technology company specialising in the marketing and distribution of digital content, has announced the launch of the ground-breaking time-based entertainment platform, Monsooq, in Nigeria. According to a statement, the launch, which took place on Wednesday, is the second one on the African continent following the initial launch in South Africa. Monsooq is the first-of-its-kind model which utilises time as the currency. Users pay only for the time they spend consuming content and are not required to take out any contracts or subscriptions. Monsooq’s unique time-based model allows consumers to buy entertainment time just