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http://ift.tt/eA8V8J T o commemorate World Malaria Day 2017, Publix Pharmaceuticals Nigeria has introduced into the market a new anti malaria drug that is an Artemisinin Combination Therapy,   ACT, formulation   known as Publitem 80/480 tablets and suspension.  The new product which contains Artemether and Lumefantrin is formulated in convenient dosing for adults and children. Speaking during the launch in Lagos, the Chairman of the Company, Mr. Frank Owelle said the product introduced to ensure that people live a healthy life free from malaria attacks. “As part of our commitment to the fight against malaria epidemic in Nigeria and Africa as a whole, we are introducing our brand of top range high quality WHOrecomended ACT formulation 80/480 Publitem tablets. “The tablet shape and size make it most suitable for patients’ compliance. The flavoured suspension is a children’s delight. With the introduction, Publix is set to take the battle against malaria further a...

http://ift.tt/eA8V8J Investor sentiment pushes up capital gains By Emeka Anaeto, FOR one week running investors in the Nigerian Stock Exchange, NSE, have remained bullish on the shares of United Bank for Africa Plc (UBA) on the account of its impressive first quarter 2017 (Q1’17) results announcement previous week. Consequently, the bank’s stock ticked up about 18 percentage point increase in returns year-to-date (YtD), as the share price closed last weekend at N6.27, up from N5.50 pre-result announcement. YtD as at last weekend stood at 80.7%, one of the highest in the stock market. The bank released its unaudited Q1 2017 results, wherein gross earnings grew 37% year-on-year (y-o-y) with pre-tax profit expanding 41% y-o-y. The profit after tax, PAT, also grew by double-digit y-o-y (+62%) to N22.8 billion. The impressive results came on the backdrop of a 43% y-o-y growth in pre-provision profits to N72.6 billion. However, this indicated a significant spike in provision for loan l...

http://ift.tt/eA8V8J By Peter Egwuatu SHAREHOLDERS of  Fidelity Bank Plc have frowned at the high penalty fee imposed on banks for committing various offences   by the Central Bank of Nigeria, CBN,   even as they approved the bank’s proposed N4.1 billion dividend for the financial year 2017. The shareholders, at the 29th  Annual General Meeting (AGM) held in Lagos approved the N4.1 billion dividend, which translated to 14 kobo per 50 kobo share and ratified all resolutions put before them at the meeting. Speaking, the shareholders’ associations’ leaders such as Mr. Boniface Okezie,   Sir Sola Abodunrin, Mr. Alex Adio, Sir Sunny Nwosu and others commended the performance of the bank for the financial year under review, but tasked the board to   declare interim dividend once the bank performs   well in the first half of 2017. The shareholders also condemned the directive by the CBN for banks to set aside   five per cent of t...

http://ift.tt/eA8V8J ‎The Northern Youth Leaders Forum has berated the 19 northern governors for not doing enough to protect President Muhammadu Buhari in what it termed “his moment of trial.” The group, in a statement by its national  president, Alhaji Adamu Mahmuda, said it observed that the president has been left on his own since the controversy on the issues surrounding his health and wellbeing began. The youths said, instead of informing their citizens about the true situation surrounding the  president, the governors have engaged themselves in schemes and underhand deals meant to favour them to emerge as vice president in the event that Buhari does not complete his tenure. The youths describe this development as selfish, callous and insensitive saying this has exposed the  governor as people who do not mean well for the region but themselves alone. The group said apart from Governor Abdullahi Ganduje of Kano who organised a prayer session for the presiden...

http://ift.tt/eA8V8J Lagos – MFM FC on Sunday became the champions of Lagos FA Cup after they defeated Spartan FC by 3-1 at the Agege Township Stadium. The News Agency of Nigeria (NAN) reports that the Olukoya boys successfully defended the FA Cup they won last year. Chukwuma Onuwa scored the first goal for the champions on the 11th minute. Spartan Fc responded in the 24th minute with an equaliser. After the two teams resumed from the first half break, MFM’s efforts were rewarded with a goal from the penalty spot by captain Stanley Okorom in the 70 minutes. Then MFM striker Sikiru Olatunbosun scored in the 83rd minute, t to put the game out of contention for their rivals. MFM coach, Fidelis Ilechukwu said he was happy his team won the cup back to back. He hope the team will do better than last year, in the national campaign for the FA Cup. “Its good we are champions but we will like to surpass our last year’s campaign in the FA Cup. That should be the target now,” he said (NAN...

http://ift.tt/eA8V8J FBN  Merchant Bank  Limited, a subsidiary of FBN Holdings Plc, said it its profit before tax (PBT) rose by 29 per cent to ¦ 4.92 billion in the financial year ending December 31, 2016 from N3.83 billion in the previous year. The bank stated that this followed strong top-line growth driven by the diversified nature of its businesses, with key drivers of revenue being the fixed income,  Corporate  and  Investment Banking businesses. Chairman of the Bank, Mallam Bello Maccido, disclosed this during the bank’s 2017 annual general meeting noting that despite the challenging macroeconomic climate in 2016, the Bank remained resilient and focused on delivering strong results. Delivering  strong results The Managing Director/Chief Executive, Mr. Kayode Akinkugbe, expressed his appreciation to all staff for their hard work, passion, and commitment to fostering a culture with a winning mindset. He also thanked the shareholders and the Board o...

http://ift.tt/eA8V8J Abuja-The names below are the names of the 82 Chibok girls who were received on Sunday by president Muhammadu Buhari at the presidential villa, Abuja. The Girls were rescued on Saturday from Boko Haram terrorists. 1. Kwatah simon 2. Grace Dauda 3. Junmai Paul 4. Tabita Pogo 5. Yanke Shetima 6. Junmai Miutah 7. Juliana Yakubu 8. Mary Yakubu 9. Ruth Kolo 10. Mairawa Yahaya 11. Rachael Nkeke 12. Fibi Haruna 13. Asaba Manu 14. Esther Usman 15. Filo Dauda 16. Awa Abga 17. Lydia Joshua 18. Naomi Bitrus 19. Martha James 20. Falmata Musa 21. Aisha Ezekiel 22. Awa Yerima 23. Mwada Baba 24. Hannatu Ishaku 25. Mwa Daniel 26. Rifhatu Soloman 27. Maryanu Yakubu 28. Rebecca Joseph 29. Laid Audu 30. Amina Pogu 31. Sarah Nkeki 32. Esther Josiiuwa 33. Saraya Yanga 34. Ruth Amos 35. Hauwa Musa 36. Hauwa Ishaya 37. Glory Aji 38. Mary Ali 39. Rahilla Bitrus 40. Luggwa Mutah 41. Lataba Maman 42. Lydia Habila 43. Deborah Peter 44. Naomi Yaga...

http://ift.tt/eA8V8J THE contributions of Sterling Bank Plc to the growth of the Agriculture sector in the country has been recognised as the financial institution received the Agric Bank of the Year Award. The Bank was recognized at the third edition of the Nigeria Agriculture Awards held at Intercontinental Hotels, Victoria Island, Lagos last week Wednesday, attended by top government functionaries especially those in the agricultural and the banking sectors. The Award was received by Mrs. Bukola Awosanya, the Head of Agric Department of Sterling Bank. It will be recalled that Sterling Bank in 2015 won the Best Bank in Commercial Agriculture Credit Scheme (CACS), a testimony of its soaring pedigree in the business of agriculture finance in the country. Same year, it received the Agriculture Bank of the Year Award. The award which was powered by the Agriculture Policy Research Network (APRNet) and Agro Nigeria Limited was conferred on the Bank in recognition of its critical role ...

http://ift.tt/eA8V8J Mr Abdulkadir Azarema, Chairman, National Logistic Committee on Distribution of Relief Material to Internally Displaced Persons (IDPs), has called on agencies responsible for the duty to safeguard camps and unite to avoid sexual harassment. Azarema made the appeal in an intetvirw with the Newsmen on Sunday  in Benin The Chairman, who is also an  Assistant Comptroller of Customs, said that Benin IDPs camp had not recorded any case of sexual harassment like other camps in the Northeast. “The issue of social menace; we are happy here, the pastor has told us that there were no reports on social or sexual harassment. ”There were no cases of diseases but nevertheless in other places we have heard of some cases. “The agencies responsible for maintaining the camps, state governments, National Emergency Management Agency (NEMA) and health officials should put hands together to ensure that  IDPs camps are secure from insurgency. “They should be sure they...

http://ift.tt/2pVFcfA The prevailing economic situation in Nigeria is actually driving many to look inward by utilising indigenous resources and locally made goods especially in the textile industry. Some years ago, our traditional and culturally based fabrics were exported, dignifying the rich African culture in weaving, tie and dye, batik and others, with African motifs and symbols that were in high demand by foreigners because of their high quality, durability and aesthetics. It is the passion to revive this creative value and resource and to stimulate people’s interest in locally made fabrics that moved some young artists from the Textile Department of Yaba College of Technology to stage an all–textile art exhibition recently. The exhibition showcased the beauty and strength of made-in-Nigerian textile designs and how it can be explored for various functional purposes. Among the products designed with textiles and on display were cane chairs with local fabrics, assorted utility...

http://ift.tt/eA8V8J President Muhammadu Buhari who departed Nigeria for London Sunday night for follow-up medical consultation with his doctors has said that Vice President Yemi Osinbajo will take charge in his absence and that Government will continue to function smoothly and efficiently. Buhari made this known on his tweeter handle. More soon The post Breaking: Osinbajo will take charge in my absence – Buhari appeared first on Vanguard News . Vía Vanguard News http://ift.tt/2qPODgE

http://ift.tt/eA8V8J Nigeria’s President Muhammadu Buhari will leave for London on Sunday for a medical check up, his spokesman said. “PMB travels tonight for medical follow-up,” presidential spokesman Femi Adesina said on Twitter. “Length of stay to be determined by London doctors.Govt to function normally under VP.” Vía The Guardian Nigeria Newspaper http://ift.tt/2pkvOQF