Business news
President Bola Tinubu has approved the reappointment of Professor Moji Adeyeye as Chief Executive Officer of National Agency for Food and Drugs Administration and Control (NAFDAC). Dr. Mansur Kabir will serve as chairman of the agency. Adeyeye’s reappointment was among the CEOs and board chairmen announced for agencies under the Federal Ministry of Health and […]
The Nigerian Insurers Association is deeply saddened by the news of the passing away of the Group Chief Executive Officer of Access Holdings Plc, Dr. Herbert Wigwe, who died alongside his wife and son, in an helicopter crash in the United States on Friday. A former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, also […]
Representatives of the board and management of Nigerian Exchange Group (NGX) and key stakeholders from the capital market community paid condolence visits to the families of late Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe. Led by Alhaji (Dr) Umaru Kwairanga, Group Chairman of NGX Group, the delegation included representatives from Chartered Institute of Stockbrokers (CIS), […]
The National Agency for Food and Drug Administration and Control (NAFDAC) did not ban alcohol production in bigger bottles. According to a press signed by Sayo Akintola resident media consultant, NAFDAC , the Agency only banned alcohol in containers or packing that a child can easily conceal, I.e., sachet or PET bottles less than 200ml The […]
UN medics has said that they feared a humanitarian disaster “beyond imagination” if a full-scale incursion by the Israeli military happens in Rafah in southern Gaza. Echoing renewed deep concerns by the UN’s top humanitarian official, Martin Griffiths, that an assault on Rafah “could lead to a slaughter”, the World Health Organization (WHO) also firmly […]
Activist and lawyer, Mr. Femi Falana, SAN, has asked a Federal High Court sitting in Lagos to compel the federal government, the 36 states of the federation and Abuja to provide free and compulsory education up to junior secondary school level in the country. Falana and his co-plaintiff, Hauwa Mustapha, filed the suit for themselves […]
The intra-day high reached a peak of N1,582 against the US dollar on Wednesday, accompanied by a notable decline in forex turnover, which fell by 56.58% to $117.87 million. Both official and black-market exchange rates saw a marginal decrease in the value of the Nigerian naira against the dollar. Despite this, forex turnover has shown […]
The federal government has disclosed it had signed a Memorandum of Understanding (MoU) with an American firm John Deere where the company would supply Nigeria with around 2000 tractors yearly in the next five years. The move according to the Minister of Agriculture and Food Security, Sen. Abubakar Kyari is geared towards solving the problem […]
The Indian envoy has emphasized the significance of the Nigerian market, highlighting its substantial size, as the Director General of NAFDAC inaugurated a new pharmaceutical factory. Despite the exit of notable pharmaceutical companies, Shri Chandramouli Kumar Kern, the India Consul General, affirmed that Indian manufacturers remain committed to investing in Nigeria. As was contained in […]
The Federal University of Technology, Akure (FUTA) has responded to the overnight raid by the Economic and Financial Crimes Commission (EFCC) on some of its students living off-campus. ”However the University expresses strong reservations about the timing and mode of the operation said to have taken place around 2 AM on Wednesday, February 14, 2024,” […]