Day: February 7, 2024

Lagos bizman granted N30m bail over alleged N10m fraud

A Federal High Court sitting in Lagos on Tuesday granted N30m bail to a businessman, Lanre Smith, accused of N10m fraud. Justice Ibrahim Kala granted the bail following a motion filed and argued by the defendant’s lawyer, Akin Apara. Apara who pleaded with the court to admit the defendant to bail on liberal terms stated […]

FG: Why Some Pharmaceutical Firms Left Nigeria

The federal government has explained that the exit of pharmaceuticals from Nigeria was due to the non-domestication of their products in the country. The Minister of State for Health and Social Welfare, Dr. Tunji Alausa, made this disclosure at a World Cancer Day symposium organised by Project Pink Blue with the theme: “Economy, Tax and […]

Inflation, price hike push an egg a-day diet beyond Nigerians’ reach

• Children at risk of acute malnutrition as harsh environment cripples poultry industry• Cost of eggs triple in 15 months, farmers abandon business• Soybeans growers snub industry, take products to border to earn foreign currencies• 9 out of every 10 children lack access to egg Stakeholders in the poultry business are worried that unless urgent […]

Lagos TUC, others protest ban on sachet alcohol, cite potential 500,000 job loss

Trade Union Council (TUC), Food, Beverage and Tobacco Senior Staff Association (FOBTOB), and National Union of Food Beverages and Tobacco Employees (NUFBTE), yesterday, protested at the Lagos office of the National Agency for Food and Drug Administration and Control (NAFDAC) against the ban on manufacture and sale of alcoholic beverages in sachets. Vice chairman of […]

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