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NAFDAC destroys 828 cartons of contaminated Bioflex infusions over failed sterility tests Nexovant
The National Agency for Food and Drug Administration and Control (NAFDAC) said it has destroyed 828 cartons of Bioflex infusions over failed sterility tests. The infusions, supplied by Biomedical Company Limited, Ilorin, were flagged following a consumer complaint from Ahmadu Bello University Teaching Hospital (ABUTH), Shika. The complaint highlighted the presence of suspended particles in […]
Analysis: Why BDCs and retail participants need their own “EFEMS” Nexovant
Nigeria’s foreign exchange market is once again a tale of two worlds. The official market, bolstered by the Central Bank’s Enhanced Foreign Exchange Market Sytem (EFEMS) platform, trades at N1,535/$1, while the parallel market has slipped to N1,680/$1. The resulting 9% gap reflects growing inefficiencies in forex liquidity management. While EFEMS was designed to streamline […]
New fuel prices emerge as data shows Nigeria’s 4 most profitable oil firms Nexovant
Nigeria’s four listed oil companies, including Conoil, MRS Oil, Eterna, and TotalEnergies, recorded a massive profit in 2024 The company’s combined after-tax profit jumped 94%, hitting 45.89 billion in the first nine months of 2024 Their profits surged due to the petrol subsidy removal by the Nigerian government last year Legit.ng’s Pascal Oparada has reported […]
Julius Berger Leadership Shake Up and Fallout With FG Nexovant
In this episode of In Good Company, we examine the recent leadership shake-up at Julius Berger and its growing tension with the Federal Government (FG). Once a cornerstone of Nigeria’s infrastructure development, the company faces significant internal restructuring that could ripple across ongoing and future projects. We discuss the factors leading to the shake-up, including […]
Olabisi Onabanjo University Teaching Hospital generates N1.6 billion in 10 months Nexovant
The Management of the Olabisi Onabanjo University Teaching Hospital (OOUTH) said it has internally generated revenue of N1.6 billion in 10 months. Speaking during the institution’s 2025 budget defense at the Ogun State House of Assembly in Abeokuta, Chief Medical Director, Dr. Oluwabunmi Fatungase disclosed Monday that between January and October 2024 the hospital generated N1.6 […]
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