ArticleBy Alex C Boosting bilateral co-operation between Nigeria and other drug manufacturing countries like China and India, analysts believe will boost Nigeria’s quest to become self-sufficiency in drug production. Pride Magazine’s investigations reveal Nigeria and India signed a Memorandum of Understanding on cooperation in Pharmaceutical Sector in March 2011, with India exports pharmaceutical products, including Active Pharmaceutical Ingredients (API) and fine chemicals to Nigeria standing at $307 million as at March 31, 2012. Why implementing selected import ban on pharmaceutical drugs may lead to counterfeiting and shortages in medicine supplies, experts believe there is need to encourage joint ventures…
Author: Pride Team
ArticleBy Alex C Between 20 to 30 percent of Africa’s $30 billion opportunity in 2016 is set to be driven by the top 10 cities in the continent, defined by the percent of total country spend on pharmaceuticals. This revelation, contained in “IMS Health Market Prognosis Report”, noted that while Africa’s urban centres constitutes around 69 percent of the continent’s growth between 2007 and 2025, according to McKinsey report on global cities, a peep into the individual cities reveals drivers of attractiveness; wealth concentration alongside indicators of human development. Also, rising consumer incomes and corresponding ability to pay for…
ArticleBy Alex C ASO Savings and Loans Plc, a Primary Mortgage Institution (PMI), has expressed plans to expand its business operations to all states of the Federation. With footprints in the Federal Capital Territory (FCT,) Lagos, Cross Rivers and Oyo, providing mortgage opportunities to public servants and prospective clients, it aims to achieve its 3-year strategic plan following meeting the Central Bank of Nigeria’s N5 billion minimum requirement for Primary Mortgage Institution (PMIs). Mr Hassan Musa Usman, Managing Director, ASO Savings and Loans Plc, said that with the company’s robust capitalisation, asset base and capital projects across the country,…
ArticleBy Alex C Computer Warehouse Group Plc (CWG), a Nigerian technology company, is set to refocus its business portfolio toward cloud computing from hardware and software. Mr. Austin Okere, Chief Executive Officer/Managing Director, CWG, said that the company’s goal is to become the biggest cloud-computing provider in Africa by 2015. “In twelve to eighteen months time, we will approach the market again. By that time, we would have crystallized our transformation process. Our role is to be a trailblazer; to go to the exchange and show to people the value of going to the exchange. CWG plans to sell…
ArticleBy Alex C Dangote Cement Plc, Nigeria’s largest cement producer, has increased cement volumes in the country by 4.2% to nearly 3.5 million tonnes in the first three months ended 31 March 2014. While total Nigerian cement market grew by 1.3% to nearly 5.5million tonnes, Dangote Cement’s market share is about 63%, which is consistent to the average market share achieved across 2013. The Q1 2014 unaudited results reveal that the Consolidated Group revenue grew by 8.5% to ₦103.6billion(Q1 2013: ₦95.4bn) reflecting higher sales in Nigeria and an increase in the ex-factory price of cement of approximately 10% at…
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ArticleBy Alex C With about one million children dying annually from vaccine preventable diseases such as tuberculosis, diphtheria, pertussis, tetanus, poliomyelitis, measles and vaccines remaining the most cost-effective public health interventions, dearth in capital has hampered Nigerian pharmaceutical firms from investing into vaccine research and product development. While it takes years to deliver a licensed vaccine and requires funding commitment throughout the period of the vaccine research, investigations reveal that the cost of developing a vaccine (from research and discovery to testing, gaining regulatory approval, manufacture and product registration)-is estimated to cost between $200 million and $500 million per…
ArticleBy Ambassador (Prof) George Obiozor The Nigerian Political elites in general and the Federal Government in particular must be conscious of the necessity for the ultimate success of the on-going National Conference. The risk factors in Nigeria’s military/strategic, socio-economic, political,diplomatic and security levels have risen so astronomically high that it will only take one careless unintended event or utterance to send this country cascading into a national disaster or disintegration or at best anarchy. By politicizing all our national issues including the dangerous duo of RELIGION and National SECURITY, our political elites are now playing with the fire which could consume both…
ArticleBy Olu Victor It was not all singing and dancing for Nigerian Idol Season 4 contestants, as a day out with Pepsi provided them opportunity for a variety of tasks and entertainment. Out of the usual daily rehearsals and klieg lights, onto a sunny day in Lagos with Pepsi, the official beverage of the Music TV reality show, the contestants were quite excited to take on various tasks. The Pepsi Day Out with Nigerian Idol contestants started quite early with a gym session at the prestigious Eko Hotel & Suites, Victoria Island. While still at the gym, they were surprised…
Article By Olu Victor It was trills and frills as the audition for the maiden edition of Naija Street Champ- the street talent show aimed at discovering new acts in the Nigerian music industry kicked off last week with the first round of auditions which was held at Kuwait Playground Gowon Estate Ipaja for Ipaja/Ayobo zone on Saturday May 10, 2014 and at Emmanuel School Playground Ojota for Ketu/Ojota zone on Sunday May 11, 2014. The atmosphere was filled with lots of energy and excitement as budding street talents took to the stage to perform and trill the crowd to…