NAFDAC bans production of alcohol in small sachets, pet bottles
Kazeem Adeniran, Assistant Chief Regulator Officer, Investigation and Enforcement Department, NAFDAC, Lagos, made the call at a two-day enforcement exercise on Monday in Ota, Ogun. He said part of the agreement was that distillers, under the Distillers and Blenders Association of Nigeria (DIBAN), should stop the production of alcohol in sachets and pet bottles of less than 200ml with effect from January 31. "These companies were still producing those alcohols below 200ml at the time we carried this enforcement exercise, which is not supposed to be. It was clearly stated after the meeting in 2018 that they should stop the production of such alcohol in sachets and pet bottles by 2024 and embark on the production of alcohol above 200ml. "Therefore, we are not expecting to see these alcohol sachets and pet bottles in any Nigerian market for consumption," he said.
Source:The Guardian
February 05, 2024 14:19 UTC
How to get free One Punch Man World SSR heroes
With the community being abuzz since the announcement of the title’s launch, many players are looking for free One Punch Man World SSR heroes to progress in One Punch World faster. This article aims to help you in your quest to find free One Punch Man World SSR heroes. Get free One Punch Man World SSR heroes via the Serious Training eventComplete the Serious Training event to get some quality SSR heroes (Image via T3 STudio)The currently ongoing Serious Training Event is one way you can get free One Punch Man World SSR heroes. The Hero’s Journey event can also get you free One Punch Man World SSR heroesget free Genos by completing this event (Image via T3 Studio)Genos’ SSR card is available in One Punch Man World for free. Other game-related guidesOne Punch Man World Reroll Guide || One Punch Man World Tier list || One Punch Man World gacha
Source:Punch
February 05, 2024 12:46 UTC
Forex: Why manufacturing firms are declaring losses, banks declaring profits
A financial analyst, Kalu Ajah, has said the possible reasons manufacturing firms are declaring losses in the era of foreign exchange (FX) revaluation whereas banks are declaring profits in the same economy is because banks have better treasury teams. Banks, last year, recorded extra-ordinary profits against the backdrop of foreign exchange revaluation gains arising from depreciation of the naira. About 63.6 percent, amounting to N1.457 trillion of the profit came from foreign exchange related transactions. “The in-house treasury team will buy derivative products like Forwards and Swaps to hedge open dollar import positions,” the analyst wrote on his X handle. The treasury team can also borrow in FX offshore and sell in commodities from Nigeria.
Source:Nigerian Tribune
February 05, 2024 12:15 UTC
Experts proffer solution to grid collapse as Nigerians decry outage
Nigerians were, yesterday, plunged into darkness once again as the nation’s electricity grid collapsed. Kaduna Electric confirmed that the loss of bulk power supply left Kaduna, Sokoto, Zamfara and Kebbi states in darkness. Speaking with The Guardian in Ibadan, in separate interviews, the two experts called on government to decentralise power supply to address the perennial problem. On a post on his X handle, Odu Obodumu noted that amid privasation of the sector, power supply has not significantly improved. Elatuyi mentioned that power generation companies are owed about N1.3 trillion, adding that these companies, in turn, have outstanding debts to their gas suppliers.
Source:The Guardian
February 05, 2024 09:41 UTC
Neveah redeems N2.92bn commercial papers
A commodity trading company, Neveah Limited, has redeemed its obligation of the N2.92bn Series 7, 8 and 11 commercial papers issued between February and July 2023. The company, which deals in solid minerals and agricultural products, said the growth trajectory of the firm led to it issuing the CPs. Speaking on the CP redemption, Chief Executive Officer of Neveah, Mr Ibidapo Lawal, said, “We are steadfast in our pursuit to become the foremost indigenous export company for solid minerals and agricultural products in Nigeria. “Neveah has continuously shown its commitment to utilising funds from the capital markets to improve its revenue and profit. The company had also raised about N11.12bn via its Series 6-15 Commercial Paper Issuance to meet working capital requirements.
Source:Punch
February 05, 2024 09:39 UTC
Google commits to AI safety, expands services to Nigeria
Mastercard has collaborated with Boost to provide digital payment wallets and embedded supply chain finance to empower and expand small businesses in the Fast-Moving Consumer Goods sector in Africa. The firms stated that the partnership aimed to provide support to distributors, wholesalers, and retailers in the FMCG sector. They said the players would be provided with Boost’s platform as a service to access essential working capital and Mastercard’s acceptance solutions. “By digitising payments and creating a track record for their transactions, we will enable more MSMEs to access credit facilities and scale their businesses. Through the delivery of integrated digital payment solutions and supply chain finance, we believe we are empowering MSMEs with essential tools to not only survive but thrive.
Source:Punch
February 05, 2024 07:41 UTC
Lagos police arrest two with 70 cartons of expired drugs
Officers from the Okokomaiko Division of the Lagos State Police Command, on Saturday evening, intercepted a Volkswagen LT bus loaded with seventy cartons of expired drugs and arrested two suspects. According to the confession of the two occupants in the bus, they were transporting the expired drugs to an individual in Alaba to change the expiry dates after which the drugs would be taken to Port Harcourt for sale. Hundeyin wrote, “At about 5:40 pm yesterday, a patrol team from Okokomaiko Division stopped and searched a Volkswagen LT bus at Afromedia. “Found in the bus were seventy cartons of Feed Fine Cyproheptadine Caplets 4g, all with an expiry date of 2016. “Efforts are on to arrest the owner of the drugs, the individual altering expiry dates and other indicted persons.”The PUNCH reported a similar event in August 2023, when the Kano State Police Command confiscated 820 cartons of suspected fake and expired drugs at Mallam Kato Market in the Fagge Local Government Area of the state.
Source:Punch
February 04, 2024 22:10 UTC
Keep your marriages off social media, police urge couples
The Police Public Relations Officer, Federal Capital Territory Police Command, SP Josephine Adeh, has cautioned couples to keep details of their marriages off the social media space. Adeh who gave the notice on Sunday in a post on her X handle urged couples to instead use social media platforms to promote their businesses to avoid complaints. She posted, “All these married couples showing off love on social media. “Keep your happy homes off social media. A PCRU source who spoke with our correspondent on Sunday revealed that many couples in the FCT had been contacting the police to complain about the activities of their partners on social media and how it adversely affected their marriages.
Source:Punch
February 04, 2024 21:21 UTC
BREAKING: One killed as gunmen release kidnapped Ekiti school children, teachers
Abducted school children and teachers of the Apostolic Faith Group of School, Emure-Ekiti have regained their freedom after seven days in the kidnappers’ den. Tribune Online, however, gathered that the driver of the school bus, identified as Taye Rasaki, was killed by the kidnappers’ LL. Those who regained their freedom were five students and three teachers of the school. The Chairman of Emure Council Area of Ekiti State, Adebayo Oluwatosin who confirmed the development said that the victims are currently in the palace of Elemure of Emure Ekiti. He added that the driver, Rasaki, was killed while the other eight regained their freedom.
Source:Nigerian Tribune
February 04, 2024 20:36 UTC
EPL: Birthday boy Hojlund sparks Man Utd to 3-0 win
Finally emerging from a slow start to his first season with United following his move from Atalanta, Hojlund got his birthday party started in the 23rd minute at Old Trafford. After failing to score in the league until December 26, Hojlund now has five goals in his last six games in all competitions. Alejandro Garnacho was left unmarked in the area for a 49th minute shot that deflected in off West Ham defender Nayef Aguerd. Fittingly, it was Garnacho — United’s brightest young star — who wrapped up the points with a cool finish in the 84th minute. But Callum Hudson-Odoi hauled Forest level on the stroke of half-time with a curler from the edge of the area.
Source:Punch
February 04, 2024 19:19 UTC
Blackout in four northern states as DisCo loses power supply
Four northern states are currently experiencing power outages due loss of bulk power supply by the Kaduna Electricity Distribution Company. A statement by the Kaduna DisCo Head of Corporate Communications, Abdulazeez Abdullahi, confirmed the development on Sunday. According to Abdullahi, the power supply would be restored as soon as DisCo received bulk supply at load centres across its franchise. “Power supply shall be restored to our customers as soon as we receive same at load centres across our franchise. The PUNCH reports that the DisCo did not disclose the cause of the sudden loss of bulk power supply.
Source:Punch
February 04, 2024 19:17 UTC
Gombe govt seeks NASENI’s partnership to boost innovation
Gombe State government has sought partnership with the National Agency For Science and Engineering Infrastructure (NASENI) to harness the talent of its young people as well as develop research outputs and commercialise the prototypes produced in the state to support indigenous industrialisation. The state Commissioner of Science, Technology and Innovation, Dr Abdullahi Bappah Ahmed, gave this indication when he visited the Executive Vice Chairman/Chief Executive Officer of NASENI, Khalil Suleiman Halilu in Abuja. He said, “We are here to register our support and seek a partnership between the Gombe State Ministry of Science, Technology and Innovations and NASENI on areas of developing our research outputs and commercialization of our prototypes as well as harnessing the talent of Gombe State youths. “Gombe has been doing wonderfully well in so many areas, particularly innovations and talent discovery. Accompanying the Commissioner were the Permanent Secretary of the Ministry, Muhammad Muhammad Galadima, and Director of Innovation, Usman Muhammad Shehu, among others.
Source:Nigerian Tribune
February 04, 2024 18:09 UTC
Lenovo ThinkPad Z13 Gen 2 Review: Sturdy Business Ultraportable Packs a Punch
The ThinkPad Z13 Gen 2 is a marvel for its exceptional build quality and trim dimensions. The ThinkPad Z13 Gen 2 starts at £1,439 in the UK and AU$1,799 in Australia. In testing, the ThinkPad Z13 Gen 2 produced strong scores on our application benchmarks, Geekbench 6 and PCMark 10. The ThinkPad Z13 Gen 2 features the little, red nub but jettisons its mouse buttons. Matt Elliott/CNETIn the end, the ThinkPad Z13 Gen 2 is a superbly crafted laptop with strong overall performance, but it isn't for everyone.
Source:Punch
February 04, 2024 17:04 UTC
Nigeria in darkness as electricity grid collapses again
Nigeria has plunged into darkness once again as the nation’s electricity grid collapsed. The Transmission Company of Nigeria (TCN) managed grid went down at approximately 11:51 AM on Sunday, reducing the system’s capacity from 2,407 megawatts to a mere 31MW by noon and reaching zero by 1 PM. Despite the Federal Government privatizing the sector over eleven years ago, the grid remains unreliable, failing consumers on more than 141 occasions. Kaduna Electric confirmed that the loss of bulk power supply left Kaduna, Sokoto, Zamfara, and Kebbi states in darkness. According to the system operator’s platform, all 20 power plants, except Ibom Power with 31 megawatts, were offline by 11:51 AM.
Source:The Guardian
February 04, 2024 16:11 UTC
Tata Altroz and Punch price hiked, check details here
On the other hand, there has been a price increase of up to Rs. Tata Altroz and Punch price hikedAltrozDepending on the version that is selected, there is a different price increase. PunchThere are four trim levels for the Tata Punch: Pure, Adventure, Accomplished, and Creative. 13,000 price increase for the entry-level model. The Tata Punch has a 1.2-litre petrol engine with the option of a CNG kit installed by the business.
Source:Punch
February 04, 2024 13:36 UTC