Sterling Bank, LASHMA Expand Healthcare Coverage in Lagos

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 Modupe Gbadeyanka The management of the Lagos University Teaching Hospital (LUTH) has been praised for maintaining the N200 million WARD-A Block renovated by Airtel Nigeria two years ago. The telco, led by its chief executive, Mr Carl Cruz, inspected the facility last week and was impressed with the high maintenance culture of the health institution. “We are pleased to observe that the collaboration with LUTH has continued to touch the lives of so many Nigerians. “The outstanding leadership of LUTH also deserves our commendation for how well they have kept the equipment and building for the past two years.

By Aduragbemi Omiyale This news from Fidson Healthcare Plc will excite the more than 1.9 million HIV-infected people in Nigeria as the company has signed a strategic deal with a Chinese firm, Aidea Pharmaceutical Company Limited for the production of innovative drugs for the treatment of the disease. The Nigerian company, in a statement, said it sealed the agreement in Yangzhou, China, on Monday, November 13, 2023, to address the medical challenges faced by infected persons in the country. Fidson said it would collaborate with Aidea to manufacture, promote and sell products that would help with the treatment of HIV.

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 A gas explosion that rocked the Baruwa community in the Alimosho Local Government Area of Lagos State in the early hours of Thursday has so far claimed the lives of eight persons. The explosion, which reportedly emanated from a gas outlet known as Best Roof Cooking Gas, occurred around 5.45 am today. Giving details, the Director-General, Lagos State Emergency Management Agency (LASEMA), Mr Olufemi Oke-Osanyintolu, said the agency’s emergency response unit had been deployed in the area, adding that the explosion razed houses, shops and a primary school. He said, “The explosion occurred and the agency activated

By Investors Hub Asian stocks closed mostly higher on Thursday on expectations that U.S. threats to expand tariffs are bluff and bluster and trade agreements will ultimately be reached. Oil steadied after going into free fall on Wednesday amid supply concerns and the yen weakened ahead of U.S. consumer price inflation due tonight, while gold held steady near a one-week low. China’s Shanghai Composite Index soared 60.53 points or 2.2 percent to 2,838.30 after plunging 1.8 percent in the previous session on trade worries. China has vowed to take countermeasures in response to the new U.S. tariffs, which will not

By Adedapo Adesanya The Vice President, Mr Yemi Osinbajo has called on academics to take a keen interest, especially in issues of education and healthcare, exploring options for reform and innovation in those human capital development sectors. This was the highlight of a virtual meeting between the VP and a team of professors drawn from the six geo-political zones under the auspices of the Progressive Intellectuals Advisory Group (PIAG). According to his media aide, Mr Laolu Akande, in a statement on Monday, Mr Osinbajo interacted with the dons on a number of topical national development issues and urged stakeholders, especially

By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.51 per cent, as investors reacted positively to the half-year earnings of a few companies, which released the financial statements for the period ended June 30, 2023. One of the latest to drop its earnings is Stanbic IBTC, which is paying an interim dividend to its shareholders. This spurred interests in banking stocks on Tuesday, resulting in the All-Share Index (ASI) rising to a 15-year high after it moved up by 338.96 points to 66,490.34 points from 66,151.38 points. Similarly, the market capitalisation of the bourse increased during the session

By Aduragbemi Omiyale The former chief executive officer of the National Bureau of Statistics (NBS), Mr Yemi Kale, has joined a leading audit firm, KPMG Nigeria, as a partner and chief economist. Mr Kale was also Nigeria’s Statistician General of the Federation between 2011 and 2021 and was very respected for how he projected the agency as a reputable stats agency. In a post on Thursday, KPMG said Mr Kale would lead the company’s view on macroeconomics and enhance the breadth of our solutions involving economic modelling and macroeconomic analysis in private and public sector clients. “The partners and staff

By Adedapo Adesanya Oil rose nearly 2 per cent on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset. Brent crude settled higher by $1.44 or 1.8 per cent at $83.89 a barrel, while the US West Texas Intermediate (WTI) crude futures gained $1.37 or 1.8 per cent to close at $77.05 a barrel. For the month of February, Brent fell about 0.7 per cent, while WTI dropped about 2.5 per cent. Expectations of demand recovery in China underpinned gains, with the market awaiting key data this week. There is anticipation that factory

By Adedapo Adesanya For the third straight session, the NASD Over-the-Counter (OTC) Securities Exchange remained in positive territory as it recorded a marginal rise of 0.02 per cent on Wednesday, March 1. At the Monday and Tuesday sessions, the market had risen by a small margin and this continued into the midweek session with the NASD Unlisted Securities Index (NSI) growing by 0.11 points to wrap the session at 715.40 points compared with 715.29 points of the previous session. Also, the valuation of the NASD OTC exchange increased yesterday by N150 million to settle at N940.02 billion, in contrast to

By Modupe Gbadeyanka Steps are presently being taken to bring on board about 40 million Nigerians currently excluded from financial services. To make this a reality, the Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), the Bill and Melinda Gates Foundation (BMGF) and other stakeholders in the country have come together to join forces. According to the Deputy Director, Financial Services for the Poor, BMGF, Mr Kosta Peric, it is important that such persons are equipped with the capacity to transact financial services, which will further expose them to broader financial deals like micro credits, loans and capital market