News
NAFDAC Denies Claims of Suspended Enforcement on Sachet Alcohol Products
The National Agency for Food and Drug Administration and Control (NAFDAC) has rejected reports claiming that the Federal Government instructed it to halt enforcement actions on sachet alcohol and 200ml PET bottle alcoholic products. The Agency labelled these reports as “false and misleading.” In an official statement released on Wednesday,…
Read More »Government Suspends NAFDAC’s Sachet Alcohol Ban
The Federal Government has ordered an immediate halt to the enforcement of the National Agency for Food and Drug Administration and Control (NAFDAC)’s ban on sachet alcohol and alcoholic beverages in 200 ml PET bottles. The agency must stop all related actions. This includes sealing factories and warehouses. The directive…
Read More »Why Fintechs are Struggling with CBN GSI Gaps Even After Six Years
Six years after its introduction, Nigeria’s Global Standing Instruction (GSI) continues to pose significant challenges for fintechs, microfinance banks (MFBs), and digital lenders. Originally designed by the Central Bank of Nigeria (CBN) to curb rising non-performing loans (NPLs), the GSI allows banks to recover overdue loans by directly debiting a…
Read More »What’s Next for U.S. and Nigeria’s Relations in Fighting Terrorism?
The U.S. government has agreed to send 200 American soldiers to Nigeria to help fight terrorism. This decision marks an important step in the relationship between the two countries, as they work together to fight violent extremist groups like Boko Haram and ISWAP. The U.S. soldiers will train Nigerian forces,…
Read More »Everything You Need to Know About the Senate’s New Rule on Results Transmission
The Nigerian Senate has recently amended a crucial part of the Electoral Act concerning how election results are uploaded from polling units to the Independent National Electoral Commission’s (INEC) Result Viewing Portal (IREV). This change could have a significant impact on the transparency of future elections. The key change is…
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