The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public notification to healthcare providers regarding Abbott’s m-PIMA HIV-1/2 VL test kits that failed to meet performance claims for HIV-1 groups O and HIV-1 group M and N throughout their claimed shelf life. NAFDAC, in a[Read More…]
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NAFDAC bans the use of ethoxyquin in the feed of food-producing animals in Nigeria
The National Agency for Food and Drugs Administration and Control has banned the use of ethoxyquin as an antioxidant in the feed of food-producing animals in Nigeria. According to the policy released by the agency, the use of ethoxyquin as an antioxidant in the feed of animals is responsible for[Read More…]
FirstBank urges continuity, structure as family businesses contribute $200bn to GDP
The Group Executive, Private Banking and Wealth Management, FirstBank of Nigeria, Idowu Thompson, has called on family business stakeholders to ensure continuity and make sure that the next generation gets involved. He also called on family businesses to develop structure to ensure easy adaptation for succeeding generations. He added that[Read More…]
Cult Clash: 22 killed in rival gang war
No fewer than 22 persons have been killed in Chito and Tyo Akosu communities of Ukum Local Government Area of Benue State, following a rival gang fight and attack on a drinking spot. It was gathered from sources in the area that the gang supremacy fight, which erupted, weekend, in[Read More…]
Policy Innovation Centre Set to Host 2023 Gender and Inclusion Summit
The Policy Innovation Centre, today announced that the highly anticipated Gender and Inclusion Summit, with the theme “Building Bridges: Advancing Gender and Inclusion through the Intersection of Trade and Health”, will be held on November 28 and 29, 2023 in Abuja, Nigeria. This landmark event promises to be a catalyst[Read More…]
SERAP sues FG over alleged missing $15b, N200b oil funds
SOCIO-ECONOMIC Rights and Accountability Project (SERAP) has sued the federal government of Nigeria at the Federal High Court in Lagos over failure to probe over $15 billion oil revenue and N200 billion alleged budget to fix refineries between 2020 and 2021. The claims are contained in the 2021 report by[Read More…]
FCCPC approves more loan apps as company list grows to 211
The Federal Competition and Consumer Protection Commission (FCCPC) has registered and approved more digital money lenders, otherwise known as loan apps, bringing the list of approved companies to 211 at the end of October. The 211 companies comprise 172 that have received full approval from the Commission and 39 others[Read More…]
Lagos cancels 50% discount on public transport, reverses to old rate
The Lagos State Government has announced reversion to the old rates of public transport from Sunday. “The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday,” the Lagos Metropolitan Area Transport Authority said in a statement on Saturday. The statement informed commuters that starting[Read More…]
Court Grants SERAP Leave To Compel Tinubu To Reverse Electricity Tariff Hike
A Federal High Court sitting in Lagos has granted the prayers of the Incorporated Trustees of Socio-Economic Rights and Accountability Project (SERAP) against the President of the Federal Republic of Nigeria as a first respondent. Other Respondents in the suit numbered FHC/L/CS/99/2023 are the Attorney General of the Federation; Nigerian[Read More…]
CBN says high volume withdrawals causing cash scarcity in some locations
The Central Bank of Nigeria (CBN) says there is sufficient cash for economic activities after reports of scarcity in some locations. In a statement by Isa AbdulMumin, CBN director, corporate communications, the apex bank said the scarcity experienced in some locations was due to high volume withdrawals from its branches[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]