News Category - Business
Up Tobacco Control Budget to Curb Rising Youth-Targeted Campaign - CAPPA Urges FG
CAPPA’s Executive Director, AKINBODE OLUWAFEMI, reasoned that the rapid spread of these products, combined with weak enforcement and limited funding, poses a serious public health risk.
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Telecoms Subscribers to Enjoy Compensation for Service Disruption - NCC
The NCC spokeswoman noted that poor service delivery has far-reaching consequences, affecting productivity, business activities, and public confidence in the communications system.
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EFCC Secures Final Forfeiture of $13M Traced to AISHA ACHIMUGU
The Judge dismissed the claims that AISHA ACHIMUGU received the $13m as gifts through the bank accounts of Oceangate Engineering Company, as she never showed up in court to show cause why the funds should not be forfeited to the federal government.
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Iran War: Lack of Planning Exposes Nig to Global Economic Shocks – PETER OBI
The former governor of Anambra State, who is now a chieftain of the Africa Democratic Congress, ADC, said most countries, whether they are oil-producing or non-oil-producing, maintain strategic petroleum reserves to cushion against supply or price shocks.
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Police Partners Bank Executives on Fight Against Financial Crimes and Cybercrimes
He stressed that effective collaboration with financial institutions remains critical in addressing cybercrime, noting that financial systems are often exploited as channels for cybercriminal activities, just as he outlined the core mandates of the NPF-NCCC, which include:
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$25m Debt: H-PTL Appoints Interim Administrator for Green Energy, Lekoil
Green Energy and Lekoil are Joint Venture Partners in Okatikpa Field under Petroleum Mining Lease (PML) – 11, located in Andoni, River State. They are indebted to H-PTL Energy Services Limited in the sum of $25.5m since mid-2025, and have been unable to liquidate the overdue debt.
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RMAFC Dismisses Claims of Ceding of Disputed Oil Wells as False and Misleading
In a statement, RMAFC Chairman, Mohammed Bello Shehu, says no final decision has been reached, explaining that only a draft report has been received.
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Unhealthy Food Hijack of Festive Periods: CAPPA Advocates Tightening of Regulations on Advertising, Promotion and Sponsorship
CAPPA’s position is based on the outcome of a survey conducted during the recent end-of-year festive season, which shows how food and beverage companies hijacked the season to promote unhealthy sugary drinks and ultra-processed foods, through undue exploitation of the hi-impact marketing window.
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Onitsha Main Market Closure: Anambra State Governor Attracts Praise and Criticism
The Monday sit-at-home was imposed by the Indigenous People of Biafra, and the violent enforcement by armed wing of the group has disrupted economic and social activities in the South-East.
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Failed Airtime-Data Transactions: NCC, CBN to Roll Out Refund Framework
The NCC spokesperson said under the new framework, where a purchaser is debited but fails to receive value for airtime or data — whether the failure occurs at the bank level or with an NCC licensee — the purchaser is entitled to a refund within thirty seconds, except ...
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Front-of-Package Labels: A Vital Tool for a Healthier Nigeria!
Beyond shifting consumer behaviour, FOP labels also push food manufacturers to reformulate their products. Companies often reduce sugar, salt, and saturated fat levels to avoid bearing a prominent “HIGH IN...” warning on their packaging, which in turn contributes to a healthier national food supply.
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CBN Revises Cash Policy; Sets 3%, 5% Fees For Exceeding Weekly Withdrawal Limits for Individuals, Corporates
Withdrawals above these limits will attract excess withdrawal fees of three percent for individuals and five percent for corporates, which is shared in the ratio of forty percent for the CBN and sixty percent for the financial institution.
Read More →EFCC Hands Over N104.1m Recovered Fund to Niger State Government
The funds were recovered from Kiara Rice Mills Limited, located in Kpatsuwa Village, Mokwa Local Government Area of Niger State, representing the company’s unremitted tax liabilities that accrued between 2021 and 2024.
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Nigeria Slips 2 Spots in 2025 Global Tobacco Industry Interference Index
The Tobacco Industry Interference (TII) Index assesses countries that are protecting their public health policies from tobacco industry influence. Out of 100 countries assessed globally, Nigeria also ranks 54th on the Global TII Index.
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Senate Confirms Idris Ibikunle Olorunimbe As NCC Chairman, Other Board Members
These newly confirmed members join the Executive Vice Chairman, Dr. Aminu Maida (North West), and two other Executive Commissioner whose appointments were previously confirmed by the Senate to serve on the NCC Board.
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NAFDAC Uncovers Counterfeit Cialis 20mg Tablets Selling at N47,000 Less Market Value for Original
The agency disclosed that the counterfeit Cialis 20mg tablets are being sold openly in the market at an average price of Eight Thousand Naira per pack, as against the genuine product, which is retailed at about Fifty-Five Thousand per pack.
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Rivers High Court Upholds 'Post-No-Debit' Order on Customer's Bank Account
The Court also held that the constitutional duty of a bank to enforce court orders supersedes, overrides and displaces the duty the bank owes to its customer.
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TRADE FAIR DEMOLITION: LASG DEFENDS ACTION, ACCUSES OBI OF DISINFORMATION
The Commissioner of Information and Strategy said owners of the demolished buildings shunned invitation of the state government to discuss the situation, adding that their defence was that the Management Board of the Trade Fair had granted them permits to build the structures.
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FG GAZETTES NEW TAX LAWS, PREPARATORY FOR IMPLEMENTATION 2026
This comes less than three months after President BOLA AHMED TINUBU signed into the tax reforms laws on June 26, 2025.
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LAGOS BALOGUN MARKET VIOLENCE: ONE PERSON KILLED, ANOTHER HOSPITALISED
The Police spokesman said that the incident at the Balogun Market, which occurred at about 11am, had nothing to do with tribe or ethnicity.
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COURT FREEZES BANK ACCOUNTS OF FORMER NNPLC GMD, MELE KYARI
Part of the revelations in the affidavit indicate that the sum of over Six Hundred and Sixty-Six Million Naira found in the bank accounts are suspected to be proceeds of unlawful activities.
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RAISE TOBACCO TAX TO 100 PERCENT, SAVE LIVES, HEALTHCARE COSTS - CAPPA
“We urge the government to act fast and raise the taxes on tobacco and related products to 100 percent. This is a proven way to not only discourage tobacco and e-cigarette use, but also save billions in healthcare costs.”
Read More →NAFDAC SEIZES N1.5B ILLICIT PRODUCTS IN LAGOS TRADE FAIR MARKET
He said the NAFDAC’s enforcement operations are ongoing simultaneously nationwide, with the aim of safeguarding public health by removing hazardous items from the market.
Read More →6.8 MILLION WHATSAPP ACCOUNTS OPENED BY SCAMMERS DELETED
Meta noted that most of the six-point-eight million blocked Whatsapp accounts were operated from Southeast Asia.
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COUPLE JAILED 22YRS PLUS FOR ILLICIT DRUG DEALINGS,AS NDLEA SECURES FINAL FORFEITURE OF LAGOS HOTEL LINKED TO DRUG CARTEL
AJAH JOHNSON UCHENNA and his wife, ROSEMARY, were first arrested in Ojo area of the state on June 13, by operatives of the Department of State Security with two hundred and seventy-seven-point-five kilograms of skunk, a strain of cannabis.
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WOMAN ARRESTED AT LAGOS TRADE FAIR MARKET OVER COCAINE CONCEALED IN LIPSTICKS
“Two cargo agents linked to the shipment were earlier arrested before the eventual arrest of Nneka, who runs the criminal trade as a family business with her husband Remigus Nwafor."
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HIGH DEATH RATE FROM NCD: EXPERTS EXPLORE MEDIA ROLE IN ENFORCING ‘SALT TARGET AND FRONT OF PACK WARNING’ ON PROCESSED FOODS
People are consuming foods that are heavily processed, high in salt and sugar, and poorly labelled. In other words, illness is no longer just a consequence of poverty or other factors. Akinbode Oluwafemi, Executive Director, CAPPA.
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LAGOS STATE LAUNCHES 'PRODUCE FOR LAGOS' FOOD INITIATIVE, BACKED WITH N500B OFFTAKE FUND
The Governor said that through the programme, food will be grown, jobs created, wastage reduced, and people will receive help to earn a living from agriculture.
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I'M VINDICATED, SAYS ONASANYA, AS COURT THROWS OUT LOAN CONTROVERSY CASE
Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 struck out the case after the anti-graft agency, the Economic and Financial Crimes Commission, EFCC, withdrew the suit following an out-of-court settlement among the parties.
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NATIONAL SINGLE WINDOW PROJECT TAKES OFF Q1 2026 - PRESIDENT TINUBU
President TINUBU handed out the directive through his Chief of Staff, FEMI GBAJABIAMILA, during the fifth meeting of the NSW Steering Committee at the State House in Abuja.
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