Sachet Alcohol Crisis: MAN, Labour Unions Fault NAFDAC, Say Ban Disrupts Jobs And Businesses
MAN and unions say NAFDAC’s sachet alcohol ban disrupts businesses, threatens jobs, fuels illicit trade, and hurts economy.
MAN and unions say NAFDAC’s sachet alcohol ban disrupts businesses, threatens jobs, fuels illicit trade, and hurts economy.
CBN allows expired NAFDAC licences to be used for Form M processing until February 28, 2026, preventing trade disruption.
Lawyer and current affairs analyst, Maxwell Opara, describes Anambra Governor Soludo’s closure of Onitsha Main Market as “executive recklessness.”
Ayodele Subair says LIRS is prioritising education and engagement to boost voluntary tax compliance, with enforcement only as a last resort.
Solomon Adebosin says satchet alcohol ban threatens jobs and local businesses, urging dialogue and moderation-focused regulation.
Stakeholders and unions are opposing NAFDAC’s ban on sachet and PET alcohol, warning it threatens jobs for Nigerians.
Energy analyst Nick Agunle says Nigerians now pay higher tariffs without corresponding improvement in electricity supply nationwide.
Emirates and Air Peace enhance Nigeria’s connectivity, linking more African cities with Dubai, London, and other global destinations.
Gold crosses $5,000 an ounce for first time as global uncertainty, inflation pressures and central bank buying fuel demand.
PINL commits to collaboration with government and communities to boost oil output to 2.5 million BPD, maintain pipeline security, and reduce vandalism in 2026.
Heirs Holdings names Obinna Ufudo and Sola Yomi-Ajayi to its board, strengthening corporate governance and strategic oversight.
NMDPRA says indigenous operators are driving midstream growth critical to industrialisation, energy security and competitive fuel pricing.
Nigeria’s external reserves hit $46.01 billion, the highest since 2018, strengthening forex buffers.
The International Energy Agency says Nigeria’s crude oil output is already at its maximum sustainable level, leaving no buffer for supply shocks.
Abba Aliyu says Nigeria is expanding solar panel production to compete internationally and reduce import dependence.
At WEF, Obasanjo called for a reset of global finance to tackle debt and shrinking aid, supporting Africa’s growth.
CBN will revise the forex manual to stabilise the naira amid record N11.9 trillion stock market transactions in 2025.
Afreximbank ends its relationship with Fitch, saying the rating process misunderstands its mandate, treaty protections, and pan-African mission.
TikTok finalises a deal separating its US app from global operations, allowing continued access for 200 million American users.
Lagos Chamber of Commerce urges coordinated AI strategy, stronger infrastructure and regulation to position Nigeria as regional artificial intelligence hub.
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