Author: Ifetayo Adeniyi

Manny Ita  – The National Agency for Food and Drug Administration and Control (NAFDAC) has warned the public about counterfeit HIV diagnostic test kits circulating in Nigeria and urged healthcare providers and distributors to exercise caution. The agency said investigations revealed that the counterfeit product differs significantly from the authentic version approved for use in the country. According to NAFDAC, the fake test kit is manufactured by Omega Diagnostics Ltd. and bears the address Omega House, Hillfoots Business Village, Alva, FK12 5DQ, Scotland, United Kingdom. “By contrast, the counterfeit version is manufactured by OMEGA DIAGNOSTICS LTD., Omega House Hillfoots Business…

Manny Ita  – The Federal Executive Council has approved the implementation of a GIS-enabled alphanumeric digital postcode system aimed at modernising Nigeria’s national addressing framework. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed the development in a post shared on X on Tuesday, noting that the approval was granted under the leadership of President Bola Ahmed Tinubu as part of efforts to implement the ministry’s strategic blueprint for the country’s digital transformation. Mr Tijani explained that the new system will be developed in collaboration with the Nigerian Postal Service, working closely with the Postmaster General, Tola Odeyemi,…

Manny Ita  – The Federal Government of Nigeria has approved an amendment that will allow medical professionals to use medical fellowships as the equivalent of a PhD for academic promotion and career progression in universities. The Minister of Education, Tunji Alausa, disclosed the decision on Wednesday after a meeting of the Federal Executive Council presided over by President Bola Ahmed Tinubu. Mr Alausa said the council reviewed and approved amendments to the National Postgraduate Medical College Act to recognise medical fellowships as an equivalent qualification to a PhD for medical professionals working in academia. He added that the proposed changes…

Manny Ita  – Efforts by China to expand its media influence across Africa have yielded limited results, with audiences across the continent continuing to favor established international broadcasters over Chinese state outlets despite years of investment and expansion. In Nairobi, Kenya, Davis Moroko, who works at a print shop in the leafy suburb of Gigiri, says he regularly follows global news through platforms such as BBC and YouTube. However, he says he has little awareness of Chinese broadcasters operating in the region. “I never watch Chinese media at all,” he said. “I didn’t even know they had a studio here.”…

Manny Ita  – The Senate Committee on Banking, Insurance and Other Financial Institutions has urged the Central Bank of Nigeria (CBN) to strengthen its oversight of Nigeria’s rapidly expanding fintech sector in order to curb increasing cases of financial fraud within the country’s banking system. The chairman of the committee, Adetokunbo Abiru, made the call on Wednesday during an investigative hearing into the operations of Ponzi schemes in Nigeria, with particular reference to the recent activities of Crypto Bullion Exchange (CBEX). The hearing was jointly organised by the Senate Committees on ICT and Cyber Security, Capital Market, and Anti-Corruption and…

Manny Ita  – Nigeria’s Federal Executive Council (FEC), chaired by President Bola Tinubu, has approved six major road projects across the country, including the planned demolition and reconstruction of the Carter Bridge in Lagos. The Minister of Works, David Umahi, disclosed this while briefing State House correspondents after the council meeting on Wednesday. According to him, the projects approved include the reconstruction of the 103-kilometre Ibadan–Ife–Ilesa dual carriageway, which has been re-awarded for ₦427 billion after minimal progress was recorded by the previous contractor. He also announced the review and redesign of the 132-kilometre Kano–Kongolam road linking Kano, Jigawa State…

Zenith Bank Plc will commemorate the 2026 International Women’s Day with a renewed call to purposeful action and leadership. As part of preparations to celebrate this significant occasion, the Bank is set to hold its annual International Women’s Day Seminar on Monday, March 9, 2026, at The Civic Centre, Victoria Island, Lagos. Aligned with the global theme ‘Give to Gain” which underscores the principle that sustainable progress is achieved when individuals and institutions invest intentionally in women, Zenith Bank’s 2026 IWD seminar is themed “Take It, You Own It.” The theme reflects the Bank’s belief that while institutions must give…

Institutional investors, corporate leaders and economic experts gained practical insights into portfolio positioning at the recently held Stanbic IBTC Economic Summit. Delivered virtually under the theme ‘From policy to pockets: How 2026 economic shifts will shape your financial decisions’, the summit explored how Nigeria’s shift from economic stabilisation to growth consolidation is redefining opportunities and risks for decision-makers. Discussions examined monetary policy transmission, sectoral opportunities, equity valuations and institutional risk frameworks. Speaking on the objective of the webinar, Busola Jejelowo, Chief Executive, Stanbic IBTC Asset Management, said: “Stanbic IBTC brings a distinct perspective to this conversation. As an integrated financial…

Guaranty Trust Holding Company Plc (GTCO) has announced the appointment of Mrs. Marie Namias as an Independent Non-Executive Director of the company. The notification was made to the Nigerian Exchange Limited, shareholders and the investing public, with the company confirming that regulatory approval has been obtained from the Central Bank of Nigeria. Mrs. Namias, a French national, brings over 25 years of experience spanning retail banking, corporate banking, digital banking and strategy consulting. She previously served as a member of the Executive Board of Caisse d’Epargne Bretagne Pays de Loire (Groupe BPCE), where she led both the Retail and Corporate…

Manny Ita  – President Bola Ahmed Tinubu has directed the immediate suspension of the cashless payment system recently introduced at the nation’s airports by the Federal Airports Authority of Nigeria (FAAN). The directive was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, while briefing State House correspondents after the Federal Executive Council meeting held at the Presidential Villa in Abuja on Wednesday. Mr Keyamo said the president instructed him to “go back to the drawing board, suspend the present system and perfect a system that will work perfectly without putting unnecessary pressure on citizens.” The minister explained…