May, 2026 BusinessPointer.com.ng BusinessPointer.com.ng Page 6

NFVCB receives WHO special award for Leadership in Tobacco Control in Entertainment Media

Business Pointer Admin6 months ago05 mins

By Seun Ibiyemi The National Film and Video Censors Board has received the World Health Organization (WHO) Director-General’s Special Award for leadership in tobacco control advocacy and responsible entertainment media regulation in Nigeria. The recognition, presented by the Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, honoured the board’s efforts in regulating the depiction…

NAFDAC destroys counterfeit, expired products worth N1.8bn in Abuja

Business Pointer Admin6 months ago6 months ago05 mins

The National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit, expired and substandard products valued at N1.8 billion at its dumpsite in Kuje, Abuja, as part of efforts to protect public health and prevent harmful products from re-entering circulation. Speaking during the destruction exercise, the Director-General of National Agency for Food…

Wema Bank targets Tier-one status as profit rises to N221.9bn

Business Pointer Admin6 months ago6 months ago05 mins

By Seun Ibiyemi Wema Bank has reaffirmed its ambition to join Nigeria’s tier-one banking league in the near future following a strong rise in profitability and fresh capital injection aimed at accelerating growth. Speaking at the bank’s Annual General Meeting (AGM) in Lagos, the Managing Director of Wema Bank, Moruf Oseni, said the bank’s management…

CBN retains MPR at 26.5% as MPC concludes 305th meeting

Business Pointer Admin6 months ago6 months ago09 mins

… Nigeria’s external reserves rebound to $49.49 billion in May …CPPE lauds CBN for retaining interest rate at 26.5% amid global economic uncertainty By Seun Ibiyemi The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent following the conclusion of its 305th…

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Lagos unveils N10bn cooperative-based loan scheme to boost MSMEs

Business Pointer Admin6 months ago6 months ago14 mins

The Lagos State Government has inaugurated a N10 billion financing initiative aimed at expanding access to credit for Micro, Small and Medium Enterprises (MSMEs) through cooperative societies. The programme, known as the Lagos State Access to Finance for MSMEs (LASMECO), was announced on Wednesday by the Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade…

FAAN strengthens airport health surveillance amid Ebola concerns in Central Africa

Business Pointer Admin6 months ago03 mins

By Seun Ibiyemi The Federal Airports Authority of Nigeria (FAAN) has assured air travellers of enhanced preventive measures at international airports following concerns over reported cases of Ebola Virus Disease (EVD) in parts of Central Africa. The assurance was contained in a statement issued on Wednesday in Lagos by FAAN’s Director of Public Affairs and…

Naira records mixed stability amid FX pressures, CBN interventions

Business Pointer Admin6 months ago6 months ago03 mins

By Seun Ibiyemi The Nigerian Naira traded within a relatively stable range in today’s foreign exchange market, as continued interventions by the Central Bank of Nigeria (CBN) and steady dollar inflows helped cushion pressure on the local currency. Market data indicated that the naira hovered around ₦1,350–₦1,380 per US dollar across official and parallel market…

2027 Presidency: Obi pledges to prioritise national unity, security if elected

Business Pointer Admin6 months ago6 months ago04 mins

Presidential candidate of the Nigeria Democratic Congress, Peter Obi, has said restoring national unity and improving security would be his top priorities if elected president. Obi made the remarks after completing the party’s screening process, where he stressed that good governance should guarantee safety, inclusion and economic relief for ordinary Nigerians. According to him, many…

Desmond Elliot pulls out of Lagos APC Assembly primaries

Business Pointer Admin6 months ago6 months ago02 mins

By Sodiq Adelakun Actor-turned-politician Desmond Elliot has withdrawn from the All Progressives Congress primary election for Surulere Constituency 1 in the Lagos State House of Assembly. The lawmaker announced his withdrawal on Wednesday as party members prepared to vote in the APC shadow election across Lagos State. Elliot’s decision followed growing tension surrounding the primary…

Nigerian Navy seeks stronger maritime security collaboration

Business Pointer Admin6 months ago6 months ago18 mins

…As NIMASA graduates 177 trainees under the Deep Blue Project By Seun Ibiyemi The Chief of the Naval Staff, Vice Admiral Idi Abbas has reaffirmed the importance of sustained inter-agency collaboration in strengthening Nigeria’s maritime security architecture. The Naval Chief stated this at the graduation ceremony for personnel trained under the Nigerian Maritime Administration and…