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COVID-19: British Airways Reports €7.4bn Loss In 2020

International Airlines Group, British Airways, one of the world’s biggest airlines, on Friday reported the biggest loss in its history as the COVID-19 pandemic closed borders and took huge toll on its flight revenues in 2020. The airline group, which also owns Iberia, Vueling, and Aer Lingus, reported a post-tax loss of €7.4bn loss in […]

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Chevron Unveils $300Mn Green Energy Investment Fund

Chevron, one of the world’s major hydrocarbon resources industry operators, on Thursday unveiled a $300 million fund focused on low-carbon technology, as most global oil and gas entities continue to intensify their investment drives in green energy and tackle climate change problems. Over the past few years, most major energy companies have set targets to […]

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Stockfish Dealers Seek Foreign Exchange To Boost Importation

The Stockfish Dealers Association on Thursday appealed to the Federal Government to grant its importer members access to the Foreign Exchange (forex) official windows to source foreign currencies needed to boost their stockfish importation business. A news report by the News Agency of Nigeria (NAN) indicated that the leadership of the association made the call […]

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Senate Orders Arrest Of NDDC Mgt Over Alleged N2.6Bn Misappropriation

The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]

Economy News Extra Health & Environment Latest News Water

NAFDAC Threatens Shutdown Of Substandard Water Facilities

The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend vowed to shut down packaged water production facilities that fail the Good Manufacturing Practice (GMP) requirements. The Director General of NAFDAC, Prof Mojisola Adeyeye, who disclosed the planned clampdown of substandard water facilities during at a virtual stakeholders’ meeting with packaged […]

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COVID-19: NAFDAC Approves AstraZeneca Vaccine For Use In Nigeria

The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the Oxford/AstraZeneca COVID-19 vaccine for use in the treatment and prevention of coronavirus in Nigeria. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, who gave this hint during a live briefing on Thursday, said that the vaccine can be stored at 2 to […]

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Senate Moves To Curb Revenue Wastages On Medical Tourism

The Senate has commenced legislative processes of plugging revenue wastages associated with foreign medical trips by Nigerians, particularly of top government functionaries, with the consideration of a bill sponsored for the purpose. The bill titled ‘Federal Medical Centres (Establishment) Bill, 2021’ was sponsored by Senator Aishatu Dahiru Ahmed. Leading debate on the bill, the sponsor […]

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Adesina Seeks Access To Vaccines, Debt Relief For African Countries

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans and debt relief for African countries to facilitate the recovery of their economies from the devastating impact of the pandemic. Adesina, who made the case for these reliefs while speaking at a virtual event […]

Economy News Extra Health & Environment Latest News Manufacturing

NAFDAC Seals Firm Over Expired Spices’ Repackaging

The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend confirmed that it shut down, Every Rose Limited, a food manufacturing company for allegedly revalidating expired curry and thyme spices. The clampdown of the firm by the agency followed a tip-off that led the operatives to storm the main warehouse and […]

Economy News Extra Health & Environment Latest News Manufacturing Privatisation & Commerce

NACCIMA, NAFDAC To Collaborate On Food, Drug Standardization

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has met with the National Agency for Food and Drug Administration and Control (NAFDAC) with a view to jointly working together to tackle the menace of sub-standard products in the country. Speaking during the virtual meeting, the Director General of the NACCIMA, Ambassador […]