Business Pointer Admin

NAFDAC conducts 213 raids, seals 179 establishments in eight months

By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) conducted 213 raids, sealed 179 establishments and recorded 52 arrests between January and August 2026 as part of efforts to curb the circulation of substandard, falsified and unsafe regulated products in Nigeria. The agency disclosed this in its eight-month enforcement report…

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Oyetola, Ghanaian minister move to strengthen regional fight against illegal fishing

By Seun Ibiyemi Nigeria’s Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has held talks with Ghana’s Minister for Fisheries and Aquaculture Development, Emelia Arthur, on strengthening bilateral cooperation to combat illegal fishing and promote sustainable management of fisheries resources across the West Central Gulf of Guinea. The meeting took place in Accra on…

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NSW processes 156,026 trade permits, targets export services in phase 2

Nigeria’s National Single Window (NSW) platform has processed 156,026 licences, permits and certificates since its launch on March 27, 2026, as the Federal Government advances plans to expand the digital trade facilitation system to cover export-related services. The project team disclosed this on Tuesday during a stakeholder engagement with the press in Abuja, where it…

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Senate probes Air Force aircraft maintenance funding after Igbokoda crash kills 25

By Seun Ibiyemi The Nigerian Senate has resolved to investigate budgetary allocations for the maintenance of Nigerian Air Force aircraft following the October 5 crash in Igbokoda, Ondo State, which claimed 25 lives. The resolution followed a motion sponsored by the Chairman of the Senate Committee on Air Force, Senator Osita Ngwu, who raised concerns…

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Court fixes November 20 to rule on Atiku’s bid to amend suit against Tinubu’s 2027 candidacy

By David Oluwatosin The Federal High Court in Abuja has fixed November 20 to deliver its ruling on an application by former Vice-President Atiku Abubakar and the African Democratic Congress (ADC) to amend their suit seeking to disqualify President Bola Ahmed Tinubu and the All Progressives Congress (APC) from the 2027 presidential election. Justice Inyang…

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Tinubu sends NDLEA, transport safety bills to Senate for consideration

President Bola Ahmed Tinubu has transmitted two bills to the Nigerian Senate seeking to strengthen drug law enforcement and establish an independent safety investigation authority covering multiple modes of transportation. The bills were read by Senate President Godswill Akpabio during Tuesday’s plenary session, pursuant to Section 58(2) of the Nigerian Constitution. The first legislation, the…

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No cleric can speak for entire North, Tinubu enjoys broad support – APC

By Seun Ibiyemi The National Secretary of the All Progressives Congress (APC), Senator Ajibola Basiru, has dismissed claims by some Islamic clerics to speak on behalf of Muslims and the entire northern region, insisting that President Bola Tinubu enjoys support across religious communities ahead of the 2027 general elections. Basiru, who is also the Deputy…

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INEC clarifies exclusion of Governorship candidates, gives parties October 24 deadline

By David Oluwatosin The Independent National Electoral Commission (INEC) has explained the exclusion of some candidates from the final list for the 2027 governorship elections, citing a Supreme Court judgment that upheld mandatory requirements for political parties to submit their membership registers before conducting valid primaries. The commission also gave political parties until October 24,…

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NAFDAC raids Lagos Trade Fair complex, seizes fake alcohol worth over ₦2bn

By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has raided the International Trade Fair Complex in Lagos, uncovering an alleged large-scale counterfeit alcoholic beverage operation and seizing products valued at more than ₦2 billion. The agency disclosed that operatives from its Investigation and Enforcement Directorate carried out the raid…

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‘Which market forces?’ energy expert challenges Nigeria’s global oil pricing model

Energy expert, Nick Agule has questioned Nigeria’s reliance on international oil price benchmarks for domestic petroleum pricing, arguing that the policy places a disproportionate burden on Nigerians whose incomes remain far below those of consumers in advanced economies. In an opinion piece dated October 13, 2026, Agule challenged the argument that domestic petroleum prices must…

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