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Neimeth

Strong Topline, FX Gain Help Neimeth Return To Profitability

Neimeth International Pharmaceuticals Plc recovered from a 2024 pretax loss following a strong topline growth and return to foreign exchange (FX) gain, which shielded the drugmaker from rising expenses. The pharmaceutical company’s revenue grew by 64.28 percent to N7.36 billion in 2025,

February 24, 2026

Business·Top Stories

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Neimeth International Pharmaceuticals Plc generated N5 billion in the first nine months of 2025, surpassing the N3.09 billion turnover recorded in the corresponding period in 2024, representing a 62 percent growth. The drug maker, in its financial statements for the period ended

December 16, 2025

Business·Top Stories

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Between January and June 2025, Neimeth International Pharmaceuticals recorded N2.90 billion turnover, compared to the N1.65 billion revenue filed in the first half (H1) of 2025, indicating an increase of 76 percent. According to the company’s financial statements for H1 2025, Neimeth’s

August 28, 2025

Business·Top Stories

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Over N458.41 billion was added to the Nigerian Exchange Limited (NGX) market capitalisation on Tuesday, August 5, as it moved to N91.60 trillion from N91.14 trillion reported on Monday, August 4. NGX added that the all-share index (ASI) appreciated from 144,071.78 ASI

August 5, 2025

Business·Top Stories

Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

Over N1.20 billion was recorded as revenue by Neimeth International Pharmaceuticals Plc in the first quarter (Q1) of 2025, exceeding the N648.25 million turnover reported in Q1 2024, reflecting an increase of 86 percent. However, the cost of sales increased threefold or

July 3, 2025

Business·Top Stories

Stock Market Records N278.49bn Gain As Neimeth, Beta Glass Shares Appreciate

The stock market capitalisation increased by N278.49 billion on Monday, June 23, after the all-share index (ASI) appreciated by 0.37 percent at the end of trading. According to data obtained from the Nigerian Exchange Limited (NGX), the market capitalisation grew to N74.81

June 23, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

An improvement in the share value of Multiverse, Neimeth, amongst others led to the stock market capitalisation increasing from N70.46 trillion reported on Friday, May 30, to N70.63 trillion on Monday, June 2. The bourse’s valuation grew by N172.74 billion after the

June 2, 2025

Business·Top Stories

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth International Pharmaceuticals Plc grew its top line by triple-digits or 102.98 percent in 2024, after generating N4.48 billion, surpassing the N2.20 billion turnover recorded in 2023. According to the company’s financial statements for the year ending December 31, 2024, Neimeth spent

May 28, 2025

Business

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Following a poor financial performance during his tenure, the Acting Managing Director and Chief Executive Officer of Neimeth International Pharmaceuticals, Gerald Oputa, has resigned. Oputa was promoted from his previous position of Executive Director, Sales & Marketing, to acting MD/CEO in March

August 17, 2023

Business·Insights

Fidson Leads Top Five Largest Drug Makers In Nigeria

The Nigerian pharmaceutical market generated over N65.36 billion between January and September 2022 based on the financials of the six largest drug makers operating in the country. Prime Business Africa gathered Pharma Deko, Fidson Healthcare, Glaxo Smithkline, Neimeth, Morison, and May &

December 27, 2022

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Neimeth

Strong Topline, FX Gain Help Neimeth Return To Profitability

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

Stock Market Records N278.49bn Gain As Neimeth, Beta Glass Shares Appreciate

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Fidson Leads Top Five Largest Drug Makers In Nigeria

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