The National Agency for Food and Drugs Administration and Control (NAFDAC) has pumped over N6 billion of internally generated revenue in the last 8 years on developing infrastructure necessary to facilitate global trading of Nigeria’s pharmaceutical products, Mojisola Adeyeye, NAFDAC’s director has said. The agency in a sweeping restructuring of strategies to discharge its function has utilised this fund on the expansion of its laboratory capacity across the country, setting it on track to achieve the World Health Organisation Maturity Level (ML4) and the World Listed Authority Status by 2025, Adeyeye said at BusinessDay’s policy intervention series centred on NAFDAC…
Author: Elvis Eromosele
The eagerly awaited national finals of the 24th Milo Basketball Championship (MBC) wrapped up at the Indoor Sports Hall of the National Stadium in Lagos. Ijaiye Housing Estate Grammar School of Lagos State and Dom Domigos College of Delta State emerged as champions in the male and female categories, respectively. In an intense and thrilling match in the male category, Ijaiye Housing Estate Grammar School triumphed over Father O’Connell, Niger State. The game, which ended 38-38 in the fourth quarter, went into extra time, where Ijaiye Housing Estate Grammar School finally edged out the boys from Niger State with a…
Nestlé Professional, the Out of Home business arm of Nestlé Nigeria and a leading provider of food solutions, continued its initiative to boost the local economy among food vendors in Nigeria through the Business of Food workshop in Sokoto. Now in its 8th edition, this empowerment program has transformed and equipped over 1,900 food businesses across seven states with essential skills and knowledge to enhance their businesses and increase their income. Canteens, grillers, Maishais, and bukas play an essential role in serving low-income communities in Nigeria, making this one of the fastest-growing sectors catering to the needs of Nigerian consumers.…
President Tinubu on Thursday announced measures, expected to run concurrently with the National Construction and Household Support Programme, to stabilize the economy, enhance job creation, and foster economic security. A breakdown of the N2 trillion package shows that the government is investing about N350 billion into Health and Social Welfare; N500b into Agriculture and Food Security; N500 billion for the Energy and Power sector and general business support of about N650 billion. These packages were unveiled by the President at the inauguration of the Presidential Economic Coordination Council (PECC) and launched the Economic Stabilization Programme to ensure food security, improved…
The lack of gender diversity in tech, especially in Africa, is a glaring issue that can no longer be ignored. As a woman who has spent years navigating this male-dominated industry, I can attest to the systemic barriers and unconscious biases that persist. The numbers speak volumes: only 30 per cent of tech roles in Africa are occupied by women, with an abysmal 14 per cent in software engineering and 25 per cent in computer science-related roles. There needs to be more entry points for women i.e. apprenticeships, as this inequality is unacceptable. According to the UN, it could take a staggering 140 years…
The Nigeria Civil Aviation Authority (NCAA) has suspended the Permit for Non-Commercial Flights (PNCF) of 10 operators over failure to commence their recertification process. The suspended private jet operators include Azikel Dredging Nigeria Ltd, Bli-Aviation Safety Services, Ferry Aviation Developments Ltd, Matrix Energy Ltd, Marrietta Management Services Ltd, Worldwide Skypaths Services, Mattini Airline Services Ltd, Aero Lead Ltd, Sky Bird Air Ltd and Ezuma Jets Ltd. The suspension was due to a flagrant disregard of the Nigeria Civil Aviation Regulations 2023 Part 18.3.4. This regulation forbids PNCF license holders from using their aircraft for the carriage of passengers, cargo, or…
…Appoints Dangote, Elumelu, into the presidential coordination council President Bola Tinubu on Thursday, said his administration will inject about N2 trillion into the economy within the next six months The President stated this while inaugurating the Presidential Economic Coordination Council (PECC) which has Africa’s richest man, Aliko Dangote and Tony Elumelu and other notable private sector players as members, on Thursday in Abuja. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while briefing State House Journalists after the event, said members of the Council are made up of the top talents and stakeholders available in…
MultiChoice has attained 6,000 hours of local content production annually, catering to a diverse audience across Africa. These contents, broadcast in 40 languages, reach over 50 countries and 100 million viewers daily. MultiChoice provides a platform for Africans to see their rich cultural heritage and their own experiences reflected on screen. This provides entertainment and promotes a sense of national identity and pride, which is important for building a cohesive and inclusive society. John Ugbe, CEO West Africa, MultiChoice, in a statement, stated that one of the motivations of MultiChoice Africa was to help shape the cultural landscape. “We recognise…
The highly anticipated Titans of Tech Conference and Exhibition (TOTCE) is set to take place on July 26 and 27, 2024, marking a significant milestone as it celebrates its 20th anniversary. This year’s event promises to be more impactful than ever, with the unveiling of the new book, “50 Most Influential ICT Innovators in Nigeria,” as a key highlight. The book, commemorating two decades of the conference, shines a spotlight on the trailblazers shaping the ICT landscape in Nigeria today. Don Pedro Aganbi, Lead Consultant at Tech TV, emphasized the importance of this milestone event. “The Titans of Tech Conference…
Sundry Markets Limited, owners of Marketsquare, a leading indigenous retail chain in Nigeria, has been recognized as one of Africa’s top 50 fastest-growing companies for 2024 by the Financial Times. The FT-Statista ranking highlights companies that have demonstrated exceptional growth, even amidst economic hardships. While many African economies grapple with post-pandemic recovery, Sundry Markets stands out for its ability to overcome both pandemic challenges and the continent’s broader economic struggles. In its third edition, the report identifies Nigeria, Africa’s third-largest economy, as experiencing a 2023 economic crisis marked by inflation and currency devaluation. Despite these difficulties, Nigeria boasts the second-highest…