Business

Juhel CEO-Dr Ifeanyi Okoye, Becomes MAN President

Before he was elected President, Dr. Okoye served the Association in various capacities, including as Chairman of the Enugu, Anambra and Ebonyi States Branches from 1998 to 2005, and as Vice President from 2006 to 2010.

Published

4 weeks ago

October 11, 2026

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The President of NECA Ifeanyi Okoye 1782748249

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The Manufacturers Association of Nigeria (MAN) has elected Dr. Ifeanyi Eric Okoye, as its 12th President at its just-concluded 54th Annual General Meeting held on Wednesday, 7th October 2026 at the Lagos Oriental Hotel, Lagos.

He succeeds Otunba Francis Meshioye, OFR, who completed his four-year tenure.

Dr. Okoye is the Chief Executive Officer of Juhel Nigeria Limited, a wholly indigenous pharmaceutical manufacturing company headquartered in Enugu, Enugu State.

Ifeanyi Eric Okoye holds a Bachelor’s degree in Pharmacy from the University of Ife (now Obafemi Awolowo University) with a Bachelor’s degree in Pharmacy and an M.Sc. and PhD in Pharmaceutical Technology and Industrial Pharmacy from the University of Nigeria, Nsukka, graduating as the best student in his class.

He established JUHEL Nigeria Limited in 1987, a wholly indigenous pharmaceutical manufacturing company with headquarters in Enugu, Enugu State. In December 1989.

JUHEL moved to its permanent site in Emene, Enugu, in 2001 and expanded its facilities to include syrups and capsules. In 2010, JUHEL opened a major parenteral manufacturing facility in Awka, Anambra State.

He is a Fellow of the Pharmaceutical Society of Nigeria and an alumnus of Harvard Business School in Boston, USA.

He is also a Member of the National Institute (mni), having attended the National Institute for Policy and Strategic Studies in Kuru, Plateau State.

In 2012, he was conferred the national honour of Officer of the Order of the Federal Republic (OFR).

He has served on several committees, including the Ministerial Committee on the Establishment of World-Class Hospitals and Diagnostic Centers from 2013 to 2015; Member of the Governing Council of the Standard Organization of Nigeria (SON) – 2009 to 2022.

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Naira Exchange Rates Thursday, 5 Nov 2026

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9 hours ago

November 5, 2026

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BLACK/ PARALLEL MARKET RATES

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₦950 CANADIAN DOLLAR (CAD)

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₦350 UAE DIRHAM (AED

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Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.