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LUTH Collaborates With SCFN To Launch Bone Marrow Transplant Program

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The Lagos University Teaching Hospital (LUTH), in collaboration with the Sickle Cell Foundation Nigeria (SCFN), has launched a bone marrow transplant program to cure sickle cell disease in Nigeria.

In a statement jointly signed by the Chief Medical Director of LUTH, Prof. Wasiu Adeyemo, and the National Director of SCFN, Dr. Annette Akinsete, where they emphasize the critical need for the program

Sickle cell disease poses significant health challenges in Nigeria, resulting in life-threatening complications, organ damage, and reduced life expectancy for affected individuals. “Recognizing the gaps in care for individuals affected by the disease in Nigeria, SCFN and LUTH established a bone marrow transplant programme at LUTH.” 

“Bone marrow transplant using a donor from a family member is an established cure for this disease.” They said.

The statement also outlined the comprehensive care programs established, such as newborn screening, penicillin prophylaxis, and Transcranial Doppler screening in children to identify those at risk of stroke.

“This is followed by chronic blood transfusion therapy and the increasing use of hydroxyurea therapy, which has improved the proportion of children surviving into adulthood. But it has not improved the proportion of adults living to older age, especially for the most severely affected.”, the statement added.

The program builds on previous initiatives, including the establishment of a post-transplant clinic in 2019, which was the first of its kind in sub-Saharan Africa. LUTH provided post-transplant care to patients who had previously traveled abroad for treatments.

The statement also confirmed that the first set of patients has begun undergoing bone marrow transplants at LUTH. “They received a treatment regimen of exchange blood transfusions, chemotherapy, and anti-infective prophylaxis to prepare them for the infusion of bone marrow stem cells harvested from family donors.”

The stem cell infusions took place on September 17 and September 19, 2024.

Currently, both patients are receiving immediate post-transplant care within the transplant unit at LUTH.

Expected Challenges 

Bone marrow transplant, is recognized as an established cure for sickle cell disease. It comes with its own set of complications, including infection, graft-versus-host disease, infertility, and even death.

However, advancements over the last 20 years have significantly improved the procedure, making it a viable option for both children and adults with severe cases. The statement noted, “Bone marrow transplant is now an approved therapy… requiring a multidisciplinary team approach and involves treatment and close follow-up for approximately 12 months.” 

Despite its effectiveness, the complexity and high costs of bone marrow transplants have pushed many patients to seek treatment abroad, causing financial and emotional strain on families.

LUTH’s bone marrow transplant program is supported by a multidisciplinary team comprising pediatricians, adult hematologists, psychiatrists, anesthesiologists, nurses, dieticians, pharmacists, and other health personnel.

The program is guided by experts, including Prof. Adetola Kassim from Vanderbilt University Medical Center and Prof. Josudela Fuente from the Imperial College London Healthcare NHS Trust, who joined the team in 2022.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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