NAFDAC says it has cleaned up and shutdown the Cemetery market Aba regarded as the most dreaded and hitherto safe haven for the largest cartel ring for the manufacture of fake wines and beverages in Africa. NAFDAC also confiscated adulterated wines, fake food, and beverages valued at over N5 billion. Prof Mojisola Adeyeye, the NAFDAC…
The Nigerian Communications Commission (NCC) has announced an important change on the deduction of charges for Unstructured Supplementary Service Data (USSD) transactions. Starting Tuesday, June 3, 2025, Deposit Money Banks (DMBs) will no longer be allowed to deduct these fees directly from customers’ bank accounts. Instead, the charges will be deducted from users’ mobile airtime…
Prof Mojisola Adeyeye, NAFDAC Director-General said, “This ban is not punitive; it is protective; she encourages manufacturers distributors, and retailers, to comply fully with the ban.
Both leaders, Aliko Dangote and Dr. Brook Taye, emphasised the project’s importance in transforming Ethiopia’s agricultural sector and promoting self-sufficiency.
• Ademola Akogun Zedcrest Group, a leading financial services company, has taken a significant step in its strategic expansion with its Board’s approval of Ademola Akogun’s appointment as Managing Director, Investment Banking. This milestone follows the successful acquisition of the company’s Issuing House license, marking a pivotal expansion of its capabilities. With this, Zedcrest is…
Dr Muda Yusuf, the CEO of the Centre for the Promotion of Private Enterprise [CPPE] has condemned the recent remarks on the floor of the House of Representatives on cement price which portrayed cement manufacturers (Dangote, BUA and Lafarge) in very bad light. ” For an economy seeking to industrialise, attract investors and create jobs,…
The National Sugar Development Council (NSDC) has commenced talks with the Abuja Chamber of Commerce and Industry (ACCI) for potential collaborations aimed at mobilising about $5 billion to drive investments in the sugar subsector. The proposed agreement followed the visit of ACCI President, Mr. Emeka Obegolu, to the Executive Secretary of NSDC, Mr. Kamar Bakrin,…
The Organised Private Sector of Nigeria (OPSN) comprises the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Manufacturers Association of Nigeria (MAN), the Nigeria Employers’ Consultative Association (NECA) the National Association of Small-Scale Industrialists ( NASSI), and the Nigerian Association of Small and Medium Enterprises ( NASME). Over the years, the…
The Manufacturers Association of Nigeria (MAN) has honoured the outgoing Regional Director of UNIDO West and Central Africa Sub-Region, H.E Amb. Jean Bakole, with a farewell cocktail party in Abuja, the FCT. The event was attended by Otunba Francis Meshioye, the President of MAN; the DG, Segun Ajayi-Kadir, members of Exco, and other distinguished personalities….
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 427 Sell ₦1,435 GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900 EURO (EUR) Buy ₦1, 585 Sell ₦1,605 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900 CBN OFFICIAL EXCHANGE RATES US DOLLAR (USD) ₦1,379.62 GREAT BRITISH POUND (GBP) ₦1,850.62 EURO (EUR) ₦1,575.66 SWISS FRANC (CHF) ₦1,707.45 JAPANESE YEN (JPN) ₦8. 52 CHINESE YUAN (CNY) ₦203.56 WEST AFRICAN CFA (XOF) ₦2.40 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,871. 05 SAUDI RIYAL (SAR) ₦367.44 SOUTH AFRICAN RAND (ZAR) ₦84.53
