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Herbal, Traditional Medicine Potential FOREIGN Earner- NAFDAC

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The National Agency for Food and Drugs Administration and Control (NAFDAC) has said that sensitising herbal and traditional medicine practitioners on best practices would make the trade earn foreign exchange for the country. Mr Anikoh Ibrahim, NAFDAC Coordinator in Niger disclosed this on Saturday in an interview with  Newsmen in Minna. NAFDAC Ibrahim said that clear-cut policies must be enacted for herbal and traditional medicine practitioners to adhere to international best practices in their trade. `Right now NAFDAC is collaborating with herbal and traditional medicine practitioners in Niger state to achieve the standardisation of herbal medicine products through workshops for the practitioners. “The workshops will provide government with ideas to come up with policies that will bring our herbal and traditional medicines practices to better acceptance in international commerce as an alternative foreign exchange earner for the nation,’’ he said. Ibrahim said that the agency has certified some of these herbal and traditional medicines brought for clinical trials, while many others were yet to get the mark of Nigerian Industrial Standards (NIS) owing to lukewarm attitude of the practitioners. The coordinator said that the recent global increase in the use and acceptance of herbal and traditional medicines has raised a lot of issues. “The fact that herbal medicines have a long history of use in many cultures in the world has given credence to the massive acceptance of various formulations and diverse presentations,’’ he said. According to Ibrahim: “recent World Health Organisation survey reveals that over 70 per cent of the world’s population depends on herbal or traditional medicine’’. He stressed the need to investigate and understand what constitutes herbal medicine, its relevance in Nigeria and the agency’s role in its regulation. The coordinator explained that prior to the advent of orthodox medicine in the country; lack of written records of formula, methods and practices of traditional medicine has set back its development. He said this was in spite of the potential benefits inherent in its application especially in the area of primary healthcare delivery. He said that several concerns on the safety status of herbal and traditional medicine have emanated over the years making Federal Government to intervene by enacting various legislations to control its manufacture, advertisement, sale and use. “The Federal Ministry of Health in 1994 mandated all states of the federation to establish Boards of Traditional Medicines in order to enhance the development of herbal and traditional medicine practices and facilitate its contribution to the National Health System,’’ he said. Ibrahim noted that the regulation of these products was primarily focused on the label claims on finished products instead of clinical trials for its efficacy. “The development of herbal and traditional medicine is encumbered by numerous challenges such as absence of good national policies in the country. “It also included safety, effectiveness and quality, international diversity of traditional medicine practices, spurious and unsubstantiated labelling and advertisement claims by practitioners on their products,’’ he said. NAN reports that NAFDAC was established in 1994 to regulate and control the manufacture, importation, exportation, distribution, advertisement, sale and use of foods, drugs, chemicals, cosmetics, medical devices and packaged water. Related NAFDAC makes case for trado-medicine THE reluctance of herbal medicine practitioners and inadequate coordination of their activities have been identified as being largely responsible for non-integration of herbal medicine into the nation’s health care system. Director General of the National Agency for Food, Drugs Administration and Control (NAFDAC) Dr. Paul Orhii, who disclosed this in… December 1, 2009 NAFDAC to begin herbal medicine trial THE National Agency for Food and Drug Administration Control, NAFDAC, and Nigeria Institute of Pharmaceutical Research and Development, NIPRID, plan to commence limited clinical trial on some Nigerian herbal medicines used for life-threatening ailments like HIV/AIDS among others. September 2, 2013 NAFDAC warns against consumption of unregistered herbal drugs August 26, 2016 UROWAYINO WARAMI View all posts by

 

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AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

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AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The France Nigeria Business Council (FNBC) stands as a pivotal coalition of Nigerian private sector business leaders, committed to enhancing bilateral relations between Nigeria and France. Its core objectives revolve around the facilitation of trade, investments, infrastructural development, job creation, and cultural integration between the two nations.

Since its establishment in June 2021 under the auspices of President Emmanuel Macron, the FNBC has diligently utilised its member network to champion investments across key business sectors, fostering cultural understanding and driving economic growth between Nigeria and France. Notably, it has catalysed Nigerian businesses’ ventures into investment opportunities within France.

Comprising 13 distinguished members, the Council boasts prominent figures including Aigboje Aig-Imoukhuede (President), Abdul Samad Rabiu, Gilbert Chagoury, Mike Adenuga, Aliko Dangote, Jim Ovia, Tony Elumelu, and John Coumantaros. Additionally, Kola Karim, Leo Stan Ekeh, Daisy Danjuma, Gbenga Agboola, and Jean Haas serve as integral members, with Jean Haas holding the position of Secretary.

Aig-Imoukhuede’s appointment follows the passing of Herbert Wigwe, the Council’s former President, in February 2024.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The Choose France Summit is an annual gathering that convenes business magnates, investors, and governmental dignitaries to explore investment prospects within France. The highlight of the Summit was the Presidential Dinner, characterised by high-level engagements and mutual commitments between participating parties.

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ACCESS BANK (SL) LTD STRENGTHENS LEADERSHIP TEAM WITH KEY BOARD APPOINTMENTS, NAMES NEW CHAIRMAN

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy.

These appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko.

The appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.

Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank.”

Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

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Access Holdings Vests 23.8 million Units of Shares on Senior Executives

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary.

This is in pursuant of the terms of its shareholders approved Employees Performance Share Plan.


Bolaji Agbede, the Acting Group Chief Executive Officer of Access Holdings, Roosevelt Ogbonna, the Managing Director/Chief Executive Officer of Access Bank, and six others were vested with 23,883,790 units of the Group’s shares, worth a combined N427.13 million.


This was disclosed via notices duly filed with the Nigerian Exchange Limited on Tuesday.


According to the filings, Ogbonna got the highest amount of shares totalling 12,345,679 units and worth N220.37 million, having been traded at N17.85 per share.


Agbede was vested with 2,216,992 units of shares, valued at N39.795 million.


Other directors, who had shares vested include Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 worth N22.16 million; Iyabo Soji-Okusanya, Executive Director, Commercial and Investment Banking Division, Access Bank, with 1,691,308 at N17.95 per share.

Her vested shares are valued at N30.36 million, and Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, who got 1,728,395 units valued at N30.85 million.


Dr Gregory Jobome, Executive Director, Risk Management, and Hadiza Ambursa, Executive Director, Commercial Banking, were each vested with 1,728,395 valued at N30.85 and N31.02m respectively.

Access Holdings’ Company Secretary, Sunday Ekwochi, was vested with 1,210,058 units of the Group’s shares worth N21.72m.


The shares were vested on May 3rd and May 6th.


The vesting of the shares is not a purchase or sale transaction in the context of the Exchange’s Rules.

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