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NAFDAC has testing laboratories for fortification – DG
Lagos, Oct 3, 2023 – The National Agency for Food and Drug Administration and Control (NAFDAC) has denied media reports that it had no testing laboratories for fortification. Prof. Mojisola Adeyeye, NAFDAC Director-General, said in a statement on Monday that contrary to the reports, the agency had laboratories for analyses of micronutrients in food and had been conducting annual survey on food fortification in Nigeria for the past years. She said that the agency’s Central Food Laboratory had internationally accredited micronutrient laboratory units with the state-of-the-art equipment. “The laboratory has …
Oil steadies on strong US dollar, mixed supply cues
London, Oct. 3, 2023 – Oil prices stabilised on Tuesday after falling to a three-week low in the previous session on a stronger U.S. dollar, a darkening global macroeconomic outlook and mixed supply signals. Brent futures crept up 2 cents to $90.73 a barrel by 1006 GMT, while U.S. West Texas Intermediate crude (WTI), edged 12 cents higher to $88.94 per barrel. Earlier in the session, prices fell by more than 1%. “(Brent) crude oil prices slid to (around) $90 a barrel as rising US yields and a stronger US …
Transactions dropped on NGX last week – official
Lagos, Oct. 3, 2023- Transactions on the Nigerian Exchange (NGX) dropped in value and volume terms last week as 1.339 billion shares worth N17.916 billion were traded in 27,874 deals. This was against the 3.911 billion shares valued at N30.379 billion that exchanged hands in 38,536 deals in the previous week. The Financial Services Industry, measured by volume, led the activity chart with 940.539 million shares valued at N11.370 billion traded in 14,627 deals. The sector, last week, contributed 70.25% and 63.46% to the total equity turnover volume and value, …
Nigeria at 63: Collective actions to foster nation building
By Tony Elumelu Lagos, Oct. 2, 2023 – Happy independence everyone! As we celebrate another year of independence, it is time to reflect, to look in the mirror for our nation and ourselves. We know Nigeria, we love Nigeria, Nigeria is one of Africa’s most diverse and dynamic countries. We are a nation that excites, beguiles, and dreams. Yet, amidst our diversity and that potential that we all feel, we have faced so many challenges. These challenges ask us to answer a fundamental question: What is our collective responsibility in …
SERAP sues 36 states for failure to account for N72b subsidy fund
Abuja, Oct. 1, 2023 – The Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against the 36 state governors for failure to account for the N72 billion for palliatives collected from federal government. The 36 states were given N2 billion each by the federal government for palliatives in their respective states. Kolawole Oluwadare, its Deputy Director, said in a statement on Sunday that the governors failed to give the details of the beneficiaries and the reliefs they provided with the money. In the suit FHC/L/CS/1943/2023 filed last Friday at …
NDLEA arrests suspected drug kingpin while exporting 3.5kg drugs
Lagos, Oct. 1, 2023 – Obiorah Chigozie Samuel, a suspected drug kingpin, was arrested in Lagos on Thursday by the Nigerian Drug Law Enforcement Agency (NDLEA) while attempting to export 3.5 kilogrammes of illicit drugs to London. Femi Babafemi, the NDLEA Spokesman, said in a statement on Sunday that the drug suspect had been on the wanted list of the anti-narcotics agency since September 15, 2023. He said the suspected had been wanted since when a consignment of 1.500kg skunk concealed in flour going to London, UK, was intercepted at …
Court overrules Tinubu, orders release of his records to Atiku
Illinois (U.S.), Oct. 1, 2023 – A U.S. court has given Chicago State University (CSU) up to 48 hours to release academic records of President Bola Tinubu to Atiku Abubakar, the Presidential Candidate of the opposition PDP in the 2023 Presidential Elections. The United States District Court in Northern Illinois gave the order on Saturday in its ruling in a suit brought by Atiku to order the Chicago State University to release academic records of Tinubu to him to prove his case against Tinubu in the ongoing presential tussle. The …
Independence Broadcast: Text of President Tinubu’s broadcast
Dear Compatriots, It is my unique honour to address you on this day, the 63rd anniversary of our nation’s independence, both as the President of our dear country and, simply, as a fellow Nigerian. On this solemn yet hopeful day, let us commend our founding fathers and mothers. Without them, there would be no modern Nigeria. From the fading embers of colonialism, their activism, dedication and leadership gave life to the belief in Nigeria as a sovereign and independent nation. Let us, at this very moment, affirm that as Nigerians, …
FG announces N25,000 salary increase for low grade workers
Abuja, Oct. 1, 2023 – The federal government has announced a N25,000 salary increase for low grade workers for the next six months. President Bola Tinubu announced this on Sunday in his national broadcast on the occasion of Nigeria’s 63rd Independence Anniversary. He said the package would be a provisional wage increment to enhance the federal minimum wage without causing undue inflation. “For the next six months, the average low-grade worker shall receive an additional N25,000 per month “We have embarked on several public sector reforms to stabilise the economy, …
Tinubu finally back in Abuja
Abuja, Sept. 29, 2023- President Bola Tinubu arrived in Nigeria on Friday night after a week of absence after attending the United Nations General Assembly in New York, U.S. last week. He arrived in Abuja Airport around 9.00 pm on Friday evening. Tinubu arrived in New York for the United Nations meetings on Sunday, Sept 17 and departed New York on Thursday, Sept. 21 after the U.N. meeting, but no official reasons have been given for his absence in the country. While in New York, Tinubu participated in high-level events and bilateral …