Economy
2024: Industrial, Medical Gases Nigeria Posts N1.6bn Profit

2024: Industrial, Medical Gases Nigeria Posts N1.6bn Profit
Industrial, medical gases Nigeria posts N1.6bn profit. The Industrial and Medical Gases Nigeria has recorded N1.622 billion profit for the financial year ended December 31, 2024.
The Industrial and Medical Gases Nigeria has recorded N1.622 billion profit for the financial year ended December 31, 2024. This is a 90 per cent increase from N852.75 million recorded in 2023.
On Tuesday, the company declared this in a corporate disclosure through the Nigerian Exchange Ltd.
While its revenue rose by 38 per cent from N6.064 billion in 2023 to N8.376 billion in 2024, the company’s profit before income tax also grew by 96 per cent from N1.247 billion in 2023 to N2.442 billion in 2024.
Its share capital remained the same at N249.75 million.
The total equity witnessed 41 per cent surge from N4.19 billion in 2023 to N5.91 billion in 2024.

Medical Gases Nigeria Posts
The company paid a N196.441 million dividend in 2024 against N157.031 million in 2023, recording a 25 per cent increment.
The company’s declared cash dividend during 2024 was N249.75 million, a 100 per cent increase from N199.79 million in 2023.
The results from operating activities rose by 92 per cent from N1.279 billion in 2023 to N2.449 billion in 2024.
Economy
Reps Pays N14.4m To Enrol 800 Constituents In Health Scheme

Reps Pays N14.4m To Enrol 800 Constituents In Health Scheme
Reps pays N14.4m to enrol 800 constituents in health scheme. Mr Etteh noted that with sound health, the people could maximise their potential and benefit more from government plans.
Okpolupm Etteh, the member (PDP) representing Eket/Esit Eket/Onna/Ibeno Federal Constituency in the House of Representatives, has presented a cheque of ₦14.4 million to the Akwa Ibom State Health Insurance Scheme for his constituents’ enrolment.
The lawmaker said the sum would cover the enrolment of 800 members of his constituents when he presented the cheque to the Health Insurance during his visit to the office in Uyo on Thursday.
Mr Etteh, represented by Kingsley Mbre, PDP Eket Central, Ward 1 Leader, said he was in support of the ARISE health policy of the Governor Umo Eno-led administration.
Mr Eno flagged off the scheme in the state on Friday, September 20, 2024. Mr Etteh noted that with sound health, the people could maximise their potential and benefit more from government plans and programmes.
The lawmaker urged the people of the constituency to partake and be beneficiaries of the scheme.
Mr Etteh commended the state governor for prioritising the health needs of the people by investing in primary and secondary health facilities across the state.
He added that with the effort, Akwa Ibom would become a haven for health tourists in a few years while assuring that the scheme would be sustained.
The chairman of the scheme, Edikan Ekwere, who, received the team, commended the lawmaker for redeeming the promise he made during the launch of the scheme by Mr Eno.

Reps
Mr Ekwere said the gesture was timely and thoughtful.
He said the scheme, aimed at pooling funds for strategic healthcare purchases, was to ensure all the residents of the state had access to efficient healthcare services to reduce catastrophic health expenditure.
He, however, commended the lawmaker for pledging to sustain the scheme.
Ogbeni Arthur, the executive secretary of the scheme, commended the lawmaker for partnering with the state government.
He assured that the team would embark on a visit for the biometric capturing of the beneficiaries once a suitable date and respective venues were selected.
Economy
PCN Arrests 7 Vendors, Seals 100 Pharmaceutical Premises In Gombe For Regulatory Violations

PCN Arrests 7 Vendors, Seals 100 Pharmaceutical Premises In Gombe For Regulatory Violations
PCN arrests 7 vendors, seals 100 pharmaceutical premises in Gombe for regulatory violations. Mr Chiroma said the arrested vendors had unlawfully broken the official PCN seals on their premises.
The Pharmacy Council of Nigeria (PCN) has arrested seven vendors and sealed 100 pharmaceutical premises in Gombe State for various regulatory violations.
The violations included the non-renewal of licences and the operation of illegal premises.
Head of Enforcement at PCN, Suleiman Chiroma, said this in Gombe on Thursday.
Mr Chiroma said the arrested vendors had unlawfully broken the official PCN seals on their premises and would be subjected to thorough investigation and prosecution.
According to Mr Chiroma, the enforcement team inspected 144 pharmaceutical premises across the state, of which 100 were found non-compliant and subsequently sealed.

PCN Arrests 7 Vendors
Mr Chiroma reaffirmed PCN’s commitment to ensuring compliance with pharmaceutical regulations in Nigeria.
He said that the council would take all necessary measures to implement the National Drug Distribution Guidelines, which are aimed at sanitising the drug distribution system and curbing the sale of unregulated and substandard medicines.
Mr Chiroma urged pharmacy operators in the state to adhere strictly to regulatory standards by ensuring proper licensing and compliance with pharmaceutical laws to avoid legal consequences.
Economy
Diri Praises Tinubu As ‘Grandmaster Of Partnerships’ For Coastal Road Project

Diri Praises Tinubu As ‘Grandmaster Of Partnerships’ For Coastal Road Project
Diri praises Tinubu as ‘grandmaster of partnerships’ for coastal road project. Bayelsa State Governor, Douye Diri, has hailed President Bola Tinubu as the “grandmaster of partnerships” for initiating the Lagos-Calabar coastal road project, a long-standing demand of the Ijaw people.
Speaking at an NDDC medical outreach in Yenagoa, Diri noted that despite multiple appeals to the previous administration, his requests for collaboration on critical road projects went unanswered.

Diri Praises Tinubu
However, under Tinubu’s leadership, the second phase of the Nembe-Brass road has been awarded, and contractors have mobilized to site.
The governor expressed confidence that Tinubu would see the coastal road project through to completion, emphasizing its significance for the region’s development.
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