THE  National Agency for Food, Drug AdministraTion and Control (NAFDAC) in Southeast has reduced by 50 per cent the cost of registering products. Its Assistant Director, Food Safety and Applied Nutrition,  Mr Venatus lhekire, in a statement,  explained that it was contained in a lecture titled: MSME registration and Ease of Doing Businessdelivered in Enugu  at […]

The Authority of Economic Community of West African States (ECOWAS) Heads of State and Government has adopted a flexible currency regime after making considerable progress on plans for a single currency. The body said the bloc had made considerable progress on the single currency and has adopted “ECO” as its name. But the region would […]

Shareholders of Prestige Assurance Plc are meeting later this month to consider creation of additional new 14 billion ordinary shares and a new capital raising exercise to boost the capital base of the insurance company. Prestige Assurance plans to increase its authorised share capital from N3 billion of 6.0 billion ordinary shares of 50 kobo […]

Osun State Government is set to begin the disbursement of over N615 million to micro and small businesses, General Manager of Osun Micro-credit Agency, Mr. Dayo Babaranti said at the weekend. Babaranti added that the state had so far given out about N4.8 billion to about 28,000 residents to support their businesses. He said the […]

The ongoing move to recapitalise Nigerian insurance sector will lead to emergence of a more virile, productive and competitive insurance sector that will contribute more to national development. Managing Director Sunu Assurances Nigeria Plc  Mr Samuel Ogbodu, at the weekend praised the new policy on minimum capital requirements for insurance functions recently released by the […]

The Nigerian Ports Authority has set up a committee to look at the contending issues surrounding the Apapa gridlock, its effect on stakeholders and mitigating steps. The General Manager, Corporate and Strategic Communications, NPA, Jatto Adams, disclosed this to our correspondent over the weekend. Also during the weekend, reports had surfaced that the agency might […]

The Ghanaian government has denied signing a contract with the China Railway Construction Company (International) Nigeria Limited to develop and modernise the country’s railway network. The Minister of Railway Development, Joe Ghartey (MP), disclosed this in a letter while reacting to an online report (not Saturday PUNCH) which alleged that the country had reached an […]

The National Agency for Food and Drug Administration and Control has suspended the implementation of the new tariffs on pharmaceutical, food and allied products. NAFDAC disclosed this on Friday in a statement signed by its Director of Public Affairs, Dr Abubakar Jimoh. It said the decision became necessary following the agitations against the new tariffs. […]

The Nigerian Civil Aviation Authority (NCAA) yesterday warned pilots and airline operators to exercise caution during flight operations as the rainy season sets in because of thunderstorms. Spokesman of NCAA, Sam Adurogboye, in a statement, warned that the rainy season, prevalent in the Southern and Northern parts of the country was usually accompanied by thunderstorms […]

Barring any unforeseen contingencies, shareholders of Jaiz Bank Plc will receive their first-ever dividend from the bank by next year. The dividend, when eventually paid, would be coming eight years after the commencement of operations of the first full-fledged non-interest bank in Nigeria. Speaking during the seventh Annual General Meeting of the bank on Wednesday […]