At the backdrop of ongoing altercations between Erisco Foods and an aggrieved customer, the Manufacturers Association of Nigeria (MAN) has charged regulators and the consuming public to promote an environment that safeguards the interest of consumers and protects the business and integrity of manufacturers in the country. Drawing from the recent incident involving the indigenous manufacturer… Read more

Despite the hardship in the country, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola maintained their top ranking in the Forbes World’s Billionaire list 2024 . Topping the list are Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola.  Aliko Dangote leads the pack with an impressive net worth of $13.4 billion, followed by Mike… Read more

The Naira, today, Tuesday, appreciated to N1,270 per dollar in the parallel market, from N1,290 per dollar last week Thursday. Similarly, the Naira appreciated in the NAFEM to N1,278.58 per dollar.  Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating N30.81 appreciation… Read more

Nigeria to almost triple energy prices, keep subsidy for poor (ghanaweb.com) Read more

The Federal Government, yesterday, increased the wholesale price of gas to power plants by 11 per cent from $2.18 per MMBTU to $2.42/mmbtu (Million British Thermal Unit), leaving power generation companies with additional cost. The gas companies had since January this year reduced supply to power plants following years of unpaid invoices amounting to over $1.2… Read more

The Naira, today, Tuesday, appreciated to N1,270 per dollar in the parallel market, from N1,290 per dollar last week Thursday. Similarly, the Naira appreciated in the NAFEM to N1,278.58 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating N30.81 appreciation… Read more

THE Manufacturers Association of Nigeria (MAN) has cried out that the continuous adoption of tight monetary policy by the Central Bank of Nigeria (CBN) is worsening the competitiveness of Nigerian products in the global market.  Director General of MAN, Segun Ajayi-Kadir, raised the alarm in reaction to the decision of the Monetary Policy Committee (MPC) of… Read more

The Nigerian economy recorded $1.5 billion inflow within a week after the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate  (MPR) by 200 basis points to 24.75 percent on Tuesday. The Bank’s Acting Director of Corporate Communications Department, Mrs. Hakama Sidi Ali said in Abuja,  yesterday,  that the development was an indicarion that … Read more

The Minister of State for Health, Dr Tunji Alausa, has called for a total ban on the importation of medical syringes into the country to encourage local production and help to grow the nation’s economy. Alausa who made the call during an official visit to the ultra-modern Afrimedical Manufacturing and Supplies Limited Syringe factory at Karameh… Read more

Stakeholders have said that Nigerian pharmacists must lead the charge in innovation and value creation to unlock new opportunities and make Universal Health Coverage (UHC) a reality in Nigeria. The industry leaders, including Dr Kemi Ogunyemi, special adviser to the Lagos State Governor on health; Prof. Cyril Usifoh, President, PSN; Pharm. Wale Oladigbolu, National Chairman,… Read more