Business
Oyedele Chairs G-24 Call for Fairer Global Financial System, Affordable Development Financing
The meeting concluded that domestic reform alone will not shield developing economies from external shocks — affordable finance, effective debt resolution, fairer representation in international institutions, and sustained cooperation are equally necessary.
Business
NAFDAC scolds fake manufacturers: “You are killing Nigerians in order to make money”
He warned that the circulation of counterfeit drinks posed a serious public health concern, urging suspected manufacturers to abandon the illegal trade.
“You are killing Nigerians in order to make money,which is not good.”
That’s the National Agency for Food and Drug Administration and Control (NAFDAC) scolding Nigerians caught in the act of counterfeiting drinks.
The occasion was at Zamfara Plaza, BBA Trade Fair Complex, along the Badagry Expressway, Ojo, Lagos State.
The Assistant Director of the Investigation and Enforcement Directorate of NAFDAC, Mr Kunle Ojo, who led the enforcement said the agency caught some of the suspects in the act and recovered drums, filters, packaging materials, a heating device and other equipment allegedly used in the illicit production process.
The suspects, identified as Okafor and John, were arrested during an enforcement operation in a two-storey building where equipment and materials allegedly used to repackage and produce counterfeit alcoholic and energy drinks where discovered.
The raid, according to NAFDAC, followed credible intelligence and surveillance on suspected counterfeiters operating within the Trade Fair International Market.
He warned that the circulation of counterfeit drinks posed a serious public health concern, urging suspected manufacturers to abandon the illegal trade.
Business
BREAKING: Shell to Exit Nigeria’s Domestic Gas Distribution Business
Shell has agreed to sell its entire interest in the Shell Nigeria Gas Group, which runs a domestic natural gas distribution network, to Nigerian energy firm Vaaris Energy Limited.
The deal, announced on Tuesday, October 13, 2026, covers Shell Petroleum B.V.’s full stake in the business. Shell Nigeria Gas, established in 1998, operates about 170 kilometres of pipelines across Ogun, Abia and Rivers states and supplies more than 130 industrial and commercial customers. Financial terms were not disclosed. Completion remains subject to regulatory approvals and other conditions.
Shell said the business will continue operating as normal and serving customers until the transaction closes. The company does not participate in upstream production, LNG or international gas trading through this unit.
Elohor Aiboni, Shell’s Country Chair in Nigeria, said: “Shell Nigeria Gas has served industrial and commercial customers in Nigeria for more than 25 years, supported by the commitment and expertise of its people. We believe this agreement provides a much stronger platform for the business’ next chapter under new ownership. Shell continues to focus on strategic Deepwater and Integrated Gas positions in Nigeria.”
The sale forms part of Shell’s broader strategy under CEO Wael Sawan to simplify its portfolio and concentrate on higher-return assets. It follows the company’s completed exit from onshore oil production in Nigeria, when it sold the Shell Petroleum Development Company to the Renaissance consortium in 2025.
Vaaris Energy is a privately held Nigerian company with interests across the oil and gas value chain and an existing operational presence in the country.
Business
FAO Names 22 African Women Agrifood Heroes, Nigeria Missing
The UN agency recognises women from 22 African countries for contributions to agriculture, food security and rural development under its global Women Heroes initiative.
Image credit : FAO
By Ochefa
The Food and Agriculture Organization of the United Nations (FAO) has recognised 22 African women among its 100 Women Heroes in Agrifood Systems and Rural Development, with Nigeria conspicuously absent from the list.
The initiative, launched to mark the International Year of the Woman Farmer 2026, celebrates women whose contributions are advancing agriculture, strengthening food security and transforming rural communities worldwide.
The honourees represent diverse segments of the agrifood value chain, with achievements spanning market access, job creation, skills development, environmental conservation and the preservation of indigenous knowledge.
According to the initiative, their work demonstrates the critical role women play in building inclusive, sustainable and resilient agrifood systems.
22 African Honourees
The 22 women recognised come from different parts of the continent.
They include Teresa de Castro Vieira Mariz of Angola; Senait Gezahegn of Ethiopia; Lembie Tlhalerwa of Botswana; Simone Kountangni of Benin; and Amal Mekni of Tunisia.
Others are Grace Tumeo Bwanali of Zambia; Victoria Matebogo of South Africa; Didja Djaili Garga of Cameroon; Sanou Adiarra of Burkina Faso; and Zipporah Nyaguthii Gitonga of Kenya.
The list also features Sylvie Yakanandji of the Central African Republic; Pelegrinah Musingwini of Zimbabwe; Basamat Suliman Mursal Khalil of Sudan; Brenda Tsiba Djouassa of Gabon; and Alimata Coulibaly of Côte d’Ivoire.
Completing the list are Crescentia Mushobozi of the United Republic of Tanzania; Hasna Meeke Ahmed of Djibouti; Rozina Mebrahtu of Eritrea; Awa Jagne of The Gambia; Malerato Mary Khoeli of Lesotho; Berdiss Mohamed of Mauritania; and Nadege Uwamahoro of Rwanda.
Nigeria’s Absence Raises Questions
Despite agriculture’s importance to Nigeria’s economy and the livelihoods of millions of Nigerians, no Nigerian woman appears among the 22 African honourees identified in the list provided.
The omission raises questions about the visibility and international recognition of Nigerian women working across the agricultural value chain, from farming and processing to agribusiness, research and rural development.
-
Business2 days agoNigeria’s ₦33bn Fruit Import Bill Exposes Missed Opportunities in Jos
-
Business2 days agoNaira To Dollar, Pound ,Euro …Rates For Monday, October 12
-
International3 days ago‘Up to our people’ to pick leader, Zelenskyy responds to Trump’s pledge for new elections in Ukraine
-
Opinions2 days agoHuman Capital Africa Statement For International Day of the Girl Child 2026
-
Politics2 days ago2027: 119 Women Jostle For State’s Governors
-
Politics2 days agoBEWARE: Fake 2027 Gov’ Candidates List Circulating Online — INEC Raises Alarm
-
News2 days agoForbes Scores GTBank Best Employers 2026
-
Business1 day agoDangote Refinery IPO Attracts N8.61trn in Subscriptions, Four Times Offer
