Economy

Nestle admits delayed alert after detecting toxin in baby milk

Swiss food giant Nestle has acknowledged that it waited days for a health-risk analysis before alerting authorities after detecting a toxin in its baby...

Government borrowing crowds out private sector in 2025: CBN

The Federal Government’s domestic borrowings from financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public and private...

NAFDAC resumes sachet alcohol ban, cites public health risks

The National Agency for Food and Drug Administration and Control (NAFDAC) has resumed enforcement of the ban on the production and sale of alcoholic...

2026 budget: FG sets aside ₦13.12bn for arms procurement

The Federal Government has earmarked over ₦13.12 billion for the procurement of arms, ammunition and related equipment for Nigeria’s security agencies in the 2026...

Imports: CBN allows temporary use of expired NAFDAC licences

The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and...

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