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Fidson Healthcare Signs MoU with Japanese Firm Ohara, Highlights Partnership Benefits

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Fidson Healthcare Signs MoU with Japanese Firm Ohara, Highlights Partnership Benefits

Fidson Healthcare Plc has entered into a Memorandum of Understanding (MoU) with Japanese pharmaceutical company, Ohara Pharmaceutical Co. Ltd, in a move expected to strengthen research, production, and distribution capacity in Nigeria’s healthcare sector.

The agreement, signed in Lagos on Thursday, will facilitate collaboration in the areas of technology transfer, joint product development, and capacity building for local pharmaceutical manufacturing. Fidson said the partnership would enable it to expand its product portfolio, improve access to essential medicines, and enhance quality assurance in line with international standards.

Managing Director and Chief Executive Officer of Fidson Healthcare, Dr. Fidelis Ayebae, described the deal as a milestone that underscores the company’s commitment to innovation and global partnerships. He noted that the collaboration with Ohara would help address Nigeria’s drug supply challenges while boosting self-sufficiency in local production.

Representatives of Ohara emphasized that the partnership reflects their long-term interest in African markets, with Nigeria serving as a strategic entry point. They added that the alliance would contribute to knowledge sharing, workforce training, and broader investment opportunities in the pharmaceutical space.

Analysts believe the MoU could position Fidson more competitively within the Nigerian healthcare market by improving product availability and affordability. It also aligns with the Federal Government’s drive to encourage local manufacturing and reduce dependence on imported medicines.

 

Toyin Abraham Celebrates Birthday, Promotes Alakada Bad and Boujee

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Toyin Abraham Celebrates Birthday, Promotes Alakada Bad and Boujee

Nollywood actress and producer Toyin Abraham marked her birthday with a cheerful message to fans, describing herself as “the one and only Oversabi Aunty of Nigeria.”

In a celebratory post on Thursday, the popular actress expressed gratitude while also using the occasion to promote her latest comedy project, Alakada Bad and Boujee. She urged her supporters to stream the film on the digital platform Kava.tv, calling it her special gift to them.

“Happy Birthday to me — the one and only Oversabi Aunty of Nigeria! Fam, as my birthday gift to you, go watch Alakada Bad and Boujee now on www.kava.tv. Let’s laugh, learn, and enjoy together,” Abraham wrote.

The actress, widely known for her vibrant on-screen personality, added hashtags highlighting the film’s themes and release campaign, including #AlakadaBadAndBoujeeOnKava, #OversabiAunty, and #1BillionLoading.

Alakada Bad and Boujee, which opened in cinemas on December 19, has been described as a light-hearted comedy with social commentary, continuing Abraham’s streak of commercially successful productions.

Her birthday announcement reflects her signature blend of personal celebration and fan engagement, reinforcing her position as one of Nollywood’s most marketable stars.

 

Dangote Cement Posts N2.07 Trillion Half-Year Revenue, Surpasses 57% of 2024 Turnover

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Dangote Cement Posts N2.07 Trillion Half-Year Revenue, Surpasses 57% of 2024 Turnover

Dangote Cement Plc has reported a remarkable N2.07 trillion in revenue for the first six months of 2025, underscoring its position as Africa’s largest cement producer and reinforcing expectations for another record-breaking year.

The company’s half-year revenue represents 57.86 percent of its full-year turnover for 2024, a performance achieved despite volume declines and rising operational costs across its plants. Analysts note that the figures highlight Dangote Cement’s resilience and ability to maintain profitability in a challenging macroeconomic environment.

Dangote Cement manufactures and distributes cement, a key raw material for housing, road, and infrastructure projects. Its flagship plants include the Obajana facility in Kogi State—one of the largest in Africa—alongside operations in Gboko, Benue State, and Ibese, Ogun State.

Industry observers point out that while cost pressures and weaker demand have affected output, Dangote’s pricing power, extensive distribution network, and export strategy continue to drive revenue growth. The performance is also seen as a signal of strong construction activity in Nigeria and across its other African markets.

With six months still remaining in the financial year, investors and market analysts are closely watching whether Dangote Cement will outperform its 2024 full-year earnings, further solidifying its dominance in the continent’s cement industry.

 

Finance Minister Wale Edun Calls for Sustainable Health Financing, Expanded Insurance Coverage in Nigeria

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Finance Minister Wale Edun Calls for Sustainable Health Financing, Expanded Insurance Coverage in Nigeria

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for urgent reforms in the country’s healthcare financing system to ensure broader access, reduced costs, and stronger infrastructure.

Edun made the remarks on Thursday while speaking at the National Health Financing Dialogue in Abuja, an event organized by the National Health Insurance Authority (NHIA) under the theme “Reimagining the Future of Health Financing in Nigeria.”

He emphasized that sustainable financing, expanded health insurance coverage, and targeted investments in healthcare infrastructure are critical to transforming Nigeria’s health sector. According to him, such reforms are essential to reduce the financial burden on households and strengthen the resilience of the health system.

“We must prioritize innovative financing models, expand insurance to cover more Nigerians, and invest in the infrastructure needed to deliver quality healthcare,” Edun said.

The minister added that without these steps, Nigeria risks widening inequalities in access to care, as out-of-pocket spending continues to account for a large share of healthcare expenses. He underscored that building a more equitable and efficient health system requires collaboration between government, private sector stakeholders, and development partners.

The dialogue brought together policymakers, healthcare professionals, and international partners to discuss strategies for mobilizing resources and improving the efficiency of health spending in Africa’s most populous nation.

Observers note that the call for reform comes at a time when Nigeria faces rising healthcare costs, underfunded public facilities, and the urgent need to meet universal health coverage targets.

 

Polytope Labs Co-Founder Says Inflation Fuels Blockchain Adoption in Nigeria

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Polytope Labs Co-Founder Says Inflation Fuels Blockchain Adoption in Nigeria

Rising inflation is accelerating the adoption of blockchain technology and decentralized finance (DeFi) solutions in Nigeria, according to Seun Lanlege, co-founder of Polytope Labs.

Lanlege noted that while Africa is often perceived globally as lagging in digital finance, Nigeria is quietly leading a revolution in blockchain usage. He explained that citizens are increasingly embracing decentralized protocols as a hedge against currency depreciation and as a means of accessing alternative financial opportunities.

“With inflation in Nigeria hovering just below 22%, stablecoins such as USDT and USDC have become vital tools for preserving value,” Lanlege said. “Nigerians are also actively using DeFi platforms like Aave, Compound, and Morpho to earn yields and safeguard their wealth.”

Industry analysts point out that blockchain adoption in Nigeria has grown beyond speculative trading, moving toward practical applications in savings, payments, and remittances. This trend is bolstered by the country’s young tech-savvy population and high smartphone penetration, making digital assets more accessible.

The growing interest underscores Nigeria’s position as one of the leading crypto and blockchain markets globally, despite regulatory uncertainties.

 

Gateway International Airport Becomes First in Nigeria to Secure Aerodrome Operational Permit

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Gateway International Airport Becomes First in Nigeria to Secure Aerodrome Operational Permit

The Gateway International Airport in Ilisan-Iperu, Ogun State, has achieved a historic milestone by becoming the first airport in Nigeria to secure an Aerodrome Operational Permit (AOP) from the Nigerian Civil Aviation Authority (NCAA).

The certification, granted under the NCAA’s enhanced regulatory framework, positions the newly constructed airport as a trailblazer in compliance and operational standards within the country’s aviation industry.

In a related development, the Nigerian Airspace Management Agency (NAMA) has declared the Instrument Landing System/Distance Measuring Equipment (ILS/DME) installed on Runway 23 of the airport as “totally satisfactory in all respects.” The clearance, which followed a successful flight inspection on September 4, authorizes the unrestricted use of the navigation system, boosting the airport’s readiness for safe and efficient flight operations.

Governor Dapo Abiodun, CON, described the dual approvals as a major endorsement of his administration’s vision to establish Ogun State as a hub for commerce, industry, and global connectivity.

“This achievement is not just for Ogun State but for Nigeria as a whole. The Gateway International Airport is a symbol of progress and a new benchmark for aviation infrastructure,” Governor Abiodun said.

Aviation experts say the certifications will significantly strengthen the airport’s role as a catalyst for regional and national development. The facility is expected to ease congestion at Lagos airports, create direct international market access for farmers, and open up job opportunities for young people across the state.

The Gateway International Airport, which was commissioned earlier this year, is part of a broader infrastructure agenda aimed at positioning Ogun as an economic powerhouse. With the NCAA and NAMA clearances, the airport is now fully set to commence expanded commercial operations and international flights.

Observers describe the development as a turning point for Nigeria’s aviation sector, with the Gateway International Airport now seen as a model for future airport projects across the country.

 

PRESS RELEASE ‎IGP APPOINTS CSP BENJAMIN HUNDEYIN AS FORCE PUBLIC RELATIONS OFFICER

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‎PRESS RELEASE
‎IGP APPOINTS CSP BENJAMIN HUNDEYIN AS FORCE PUBLIC RELATIONS OFFICER
‎
‎The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, NPM, Ph.D., has approved the appointment of CSP Benjamin Hundeyin as the new Force Public Relations Officer (FPRO).
‎
‎CSP Hundeyin holds a BA (Hons) in English Language from Lagos State University and an MSc in Legal Criminology & Security Psychology from the University of Ibadan. He also obtained a Certificate in Civil-Military Coordination from the Martin Luther Agwai International Leadership and Peacekeeping Training Centre, Jaji, Kaduna State. He is an Associate of the Nigerian Institute of Public Relations (NIPR), a Member of the International Public Relations Association (IPRA), and an Associate of the Chartered Institute of Personnel Management of Nigeria (CIPM).
‎
‎A seasoned communicator, CSP Hundeyin previously served as the Police Public Relations Officer at Zone 2 Command Headquarters, Onikan, Lagos, was part of the Nigerian contingent to the United Nations Peacekeeping Mission in Darfur, Sudan (UNAMID) in 2020, and served as the Administration Officer at the Force Public Relations Department, Force Headquarters, Abuja. Until his present appointment, he was the Police Public Relations Officer for the Lagos State Police Command.
‎
‎The Inspector-General of Police has charged him to leverage on his communications and security experience to bolster the Force Public Relations activities and ensure continuous positive relations with the public.
‎
‎He can be reached on 07062606717 or benjamin@hundeyin.com.
‎
DCP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,
OUTGOING FORCE PUBLIC RELATIONS OFFICER,
‎Force Headquarters,
‎Abuja.
‎
‎4th September, 2025
‎
‎

Nigerian Oil Blends Hold Above $71 as Global Crude Prices Slide Ahead of OPEC+ Meeting

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Nigerian Oil Blends Hold Above $71 as Global Crude Prices Slide Ahead of OPEC+ Meeting

Nigerian crude oil grades recorded stable gains at mid-week trading, even as global benchmarks came under renewed pressure. Data from Wednesday’s session showed that key Nigerian blends, including Bonny Light and Brass River, settled at $71.4 per barrel, maintaining momentum despite volatility in the broader oil market.

By contrast, international crude prices slipped further on Thursday, extending losses from earlier in the week. Brent crude dropped 1 percent to $67 per barrel, after shedding more than 2 percent in the previous session. U.S. West Texas Intermediate (WTI) also fell 1 percent, trading at $63.4 per barrel.

Analysts attributed the decline in global benchmarks to heightened caution among traders ahead of this weekend’s OPEC+ meeting, where producers are expected to revisit output targets. Market sentiment suggests the group could consider raising production quotas once again, a move that could add downward pressure on prices in the near term.

The divergence between Nigerian crude and global benchmarks underscores the resilient demand for West African grades, which remain attractive to refiners due to their high quality and low sulphur content. Market watchers note that sustained performance of Nigerian blends could provide a buffer for the country’s foreign exchange earnings, particularly at a time of fiscal pressure at home.

However, the overall outlook for oil remains uncertain, as supply-side decisions by OPEC+ and shifting global demand patterns continue to weigh heavily on investor confidence.

 

BPE to List Power Firms on Stock Exchange as Part of ₦312 Billion 2025 Revenue Plan

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BPE to List Power Firms on Stock Exchange as Part of ₦312 Billion 2025 Revenue Plan

The Bureau of Public Enterprises (BPE) has unveiled plans to list two electricity distribution companies (DisCos) and one generation company (GenCo) on the Nigerian Exchange (NGX) as part of a wider strategy to raise ₦312.3 billion in 2025.

BPE Director-General, Mr. Ayodeji Gbeleyi, disclosed the plan at a media briefing in Abuja, explaining that the move is central to the agency’s reform and revenue objectives for the year. He noted that the listings would involve the sale of government-held equity, with 40% belonging to the Federal Government and 30% to state governments.

According to him, the share sales will be conducted through public offerings and Initial Public Offers (IPOs), with valuations determined through transparent book-building processes in line with global market practices. While Gbeleyi did not reveal the specific companies to be listed, he emphasized that the transaction is aimed at deepening public participation in the ownership of critical national infrastructure.

“We are opening a window for Nigerians to invest directly in power sector companies, which not only promotes inclusivity but also strengthens corporate governance and accountability in the electricity market,” he said.

The move comes as part of BPE’s broader mandate under the government’s Renewed Hope Agenda, which prioritises unlocking value from public assets, stimulating private sector investment, and generating jobs.

So far in 2025, the Bureau has raised ₦170.74 billion through completed transactions, including the concession of the Zungeru Hydropower Plant valued at ₦101.5 billion and the Afam III Fast Power project which contributed ₦53.92 billion.

BPE has carried out 243 transactions since inception, with 109 entities fully or partially privatized or commercialized. However, 91 enterprises—including refineries, airports, railways, and steel complexes—remain under government ownership.

Market analysts say the proposed listings could unlock more than ₦2 trillion in market value, citing comparable assets already trading on the NGX.

The announcement reflects the government’s efforts to improve efficiency and attract long-term investment in Nigeria’s struggling power sector, while also meeting ambitious fiscal targets without heavy borrowing.

 

U.N. Halts Critical Air Service in Northeast Nigeria Amid Funding Shortages

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U.N. Halts Critical Air Service in Northeast Nigeria Amid Funding Shortages

The United Nations has suspended a vital air transport service in northeast Nigeria, raising concerns over the delivery of humanitarian aid in one of Africa’s most protracted crises.

The U.N. Humanitarian Air Service (UNHAS), operated by the World Food Programme (WFP), officially ended its fixed-wing operations in the country last week due to severe funding shortfalls. The decision, confirmed by U.N. spokesperson Stéphane Dujarric during a press briefing in New York on Wednesday, underscores the financial strain that shrinking donor support is placing on relief missions.

“For nearly a decade, UNHAS flights have been a lifeline for aid workers and relief supplies reaching conflict-affected communities,” Dujarric said. “In 2024 alone, the service carried more than 9,000 passengers. Already this year, 4,500 humanitarian staff have depended on these flights to reach affected areas.”

The closure is expected to significantly disrupt humanitarian access across Borno, Adamawa, and Yobe States, where insecurity, poor infrastructure, and long travel distances often make road movements unsafe or impossible. UNHAS aircraft had provided reliable transport for aid workers, medicines, and food assistance into towns otherwise cut off by armed conflict and banditry.

Humanitarian organisations warn that without the service, ongoing relief operations—including nutrition, health, and food security programmes—will face delays, potentially putting millions of vulnerable people at further risk. The northeast has endured over a decade of insurgency and displacement, with the U.N. estimating that more than 8 million people remain in urgent need of assistance.

The U.N. has appealed to donors to urgently mobilise funds to restore the flights, stressing that the suspension is not only a logistical setback but also a threat to the safety of humanitarian personnel who may now be forced to rely on more dangerous transport routes.

Observers say the development highlights a broader challenge for global humanitarian funding, as conflicts and disasters worldwide stretch limited resources and force difficult trade-offs.

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