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Punch Newspapers Sections Published 7 June 2021 Shareholders of May & Baker Nigeria Plc have approved a dividend of 30 kobo for every 50 kobo share recommended by the company’s board of directors for the 2020 financial year. The dividend, which amounts to N517.6m, was approved at the company’s 70th Annual General Meeting in Lagos, according to a statement on Sunday. The Chairman, Board of Directors, Senator Daisy Danjuma, was quoted as saying at the AGM that she was glad that the company recorded growth in both turnover and profit, despite the challenging operating environment in the busi...

By Peter Egwuatu Despite the challenges in the operating environment, May & Baker Nigeria Plc has been able to weather the storm in the last decade as it is now in a strong liquidity position following its proactive measures in sourcing long term credit facilities as well accessing the Central Bank of Nigeria, CBN, intervention facilities among others. The Managing Director/CEO, Mr Nnamdi Okafor disclosed this at a media luncheon in Lagos. saying:“ Taking over from  a company a decade ago when  Profit Before Tax, PBT was barely a third of a billion naira and to triple this to becoming a b...

Punch Newspapers Sections Published 23 December 2020 The Managing Director, May & Baker Nigeria Plc, Mr Nnamdi Okafor, is set to retire by the end of 2020 financial year, after almost a decade-long tenure. This was disclosed during a press briefing by the company in Lagos on Friday. The company said Okafor, who was appointed in February 2011, recorded several milestones and did further consolidation of the pharmaceutical company into one of Africa’s globally certified centres of excellence in pharmaceutical manufacturing. It said the board of directors of the company had notified the Nigeri...

By Goddy Egene The Managing Director, May & Baker Nigeria Plc, Mr. Nnamdi Okafor, is to retire by the end of this business year, after almost a decade-long tenure. Under him, the company recorded several milestones and transformed into one of few Africa’s globally certified centres of excellence in pharmaceutical manufacturing. Precisely, Okafor, who was appointed in February 2011, will be retiring by December 31, 2020. And Mr. Patrick Ajah, who resumed on December 1, 2020 as an executive director, will take over as the new MD/CEO. Ajah is a vastly experienced pharmacist and business manage...

ON THE GO Doctors embark on strike — despite FG’s appeal The National Association of Resident Doctors (NARD) has embarked on a nationwide strike despite an appeal by the federal government.Advertisement Uyilawa Okhuaihesuyi, the association’s president, confirmed the action on Channels... NAFDAC: Substances behind strange illness in Kano illegally imported The National Agency for Food and Drug Administration and Control (NAFDAC) has presented a preliminary result of clinical tests it conducted on the substances that caused the recent strange illness... PDP fixes April ...