NATIONAL BUREAU OF STATISTICS ATTRIBUTES A DOWNWARD SLIDE IN INFLATION TO MODERATION IN FOOD PRICES 

Nigeria’s headline inflation rate declined marginally to 15.39 per cent in August 2026, driven largely by a sharp slowdown in food price growth during the month. The latest figure was contained in the Consumer Price Index report for August 2026 released by the National Bureau of Statistics (NBS) on Tuesday. According to the report, the…

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NATIONAL COUNCIL ON CLIMATE CHANGE COLLABORATES WITH OTHER STAKEHOLDERS TO TACKLE THE FINANCING GAP IN CLIMATE GOALS

Nigeria will require an estimated $337bn in financing to implement its climate commitments across major sectors of the economy by 2035. This was disclosed by the National Council on Climate Change (NCCC), the federal agency responsible for policy formulation, agenda setting and coordination of climate matters in Nigeria. The council said more than 80 per…

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NAFDAC INDICTS CHINESE NATIONALS IN PRODUCTION OF FAKE GOODS IN NIGERIA 

The National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered a growing network of Chinese counterfeiters operating manufacturing plants and logistics facilities in Nigeria to produce and distribute fake and substandard products locally. NAFDAC Director of Investigation and Enforcement, Martins Iluyomade disclosed that the counterfeit trade has evolved from the traditional practice…

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NAFDAC POLICY INCREASES LOCAL DRUG MANUFACTURERS, AS DRUG IMPORTS TAKE A FREE FALL  

The importation of pharmaceutical products covered by the National Agency for Food and Drug Administration and Control’s (NAFDAC) import restriction policies has fallen by 70 per cent, the agency said. NAFDAC Director-General, Prof. Mojisola Adeyeye, disclosed this at the Lagos Chamber of Commerce and Industry (LCCI) Invest in Nigeria Conference and Expo 4.0, where she…

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STATES WARNED AGAINST PROMOTING CONFLICTING MINING RULES CAPABLE OF DISCOURAGING INVESTORS 

The Federal Government has cautioned state governments against creating independent mining regulations, saying conflicting policies could discourage investors and weaken ongoing reforms in Nigeria’s solid minerals sector. The Minister of Solid Minerals Development, Dr Henry Dele Alake, made this known in Abuja when he met with officials of the South-South Development Commission (SSDC), led by…

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FCTA LAUNCHES ANTI-RABIES CAMPAIGN IN ITS SIX AREA COUNCILS 

The Federal Capital Territory Administration (FCTA) is taking a bold step to protect the people and animals in the council areas under it against rabies. Towards this end, it has mobilised veterinary and animal health personnel for a two-week mass rabies vaccination exercise across the six Area Councils of the Territory. The Agriculture and Rural…

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HOW CUSTOMS’ GLOBAL REACH IMPROVES NIGERIA’S STAKE IN WORLD TRADE

For decades, the Nigeria Customs Service has largely been associated with revenue collection, import checks and the seizure of prohibited goods at the country’s borders. But the changing nature of international trade is forcing customs administrations to take on much wider responsibility. Today, the movement of goods across borders is increasingly intertwined with intelligence sharing,…

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