The company was incorporated in Nigeria on 30th November, 1972 under the name Afrik Enterprise Nigeria Limited. Its name was changed to Afrik Pharmaceuticals Limited on August, 1990. The company became a public limited company in December, 1990 and subsequently granted a listing on the Nigerian Stock Exchange. The company engages in the manufacture of infusion (drip), Chloroquine injection and other pharmaceutical services. The company's products are highly in demand.