News

Reps move to encourage local production of drugs

Ihesiulo Grace 3 March 2020 0

The House of Representatives on Tuesday mandated the committees on legislative compliance, health institutions, health care services, science and technology to immediately navigate ways and means for the development of locally made drugs.  This resolution was sequel to a motion promoted by

Business Headlines

CBN, NEXIM Bank to support local manufacturers with N500bn

Ihesiulo Grace 10 April 2018 0

…We must be vigilant to avoid sliding into another recession- Emefiele …Targets $50bn external reserves in 2018 In order to continue the success recorded in the nation’s local production, the Central Bank of Nigeria (CBN) has disclosed that plans have been concluded to float a N500 billion support funds for the local manufacturers in the […]

Health News

NAFDAC raids Lagos markets over fake liquor

Ihesiulo Grace 30 March 2017 0

The National Agency for Food and Drugs Administration and Control (NAFDAC), has raided shops in the popular Oke-Arin Market, Balogun and Suru Alaba, Apapa all in Lagos State where fake liquor were allegedly being bottled and registered brands counterfeited. The agency carried out the raid recently following a tip-off about some wine and spirits distributors, […]

Business

Stimulate economy to get out of recession – Economist tells CBN

Ihesiulo Grace 23 March 2017 0

  A financial expert, Dr Tunde Adeoye, on Wednesday urged the Central Bank of Nigeria (CBN) to stimulate the domestic economy and encourage local production. Adeoye, a Senior Lecturer, Department of Economics, University of Lagos, made this known in an interview with newsmen in Ota, Ogun State. He said that the steps were necessary to […]