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Police Burst Factories in Anambra for Destroying Returnable Packaging Materials

These Returnable Packaging Materials (RPMs) are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them.

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The Nigeria Police Force, in collaboration with Beverage manufacturers, stormed a number of illegal sites in Onitsha, Anambra State, and its environs, and apprehended some persons for destroying returnable packaging materials, including glass bottles and plastic crates belonging to various beverage manufacturing companies.

The Director -General of Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, explained that the police, working with member companies, acted on credible intelligence and stormed the factories to crack down on illegal disposal, theft, and unauthorised recycling of the returnable packaging materials of the affected companies, notably returnable glass bottles and plastic crates.

Mr. Ajayi-Kadir noted that the association was alerted by its members that owners of these untoward factories were involved in destroying returnable packaging materials for reuse, thereby causing the businesses to lose millions of naira in investments.

He stated that the group had engaged relevant security and regulatory authorities through formal petitions and intelligence-sharing, seeking lawful intervention to curb the illegal practices, recover company assets, and dismantle unauthorised recycling operations.

According to him, member companies identified multiple illegal locations in the South-East where they crush our bottles and crates for resale as raw materials.

He added that investigations by the police had revealed that significant quantities were being diverted from legitimate channels into informal recycling networks.

He also disclosed that, in several instances, reusable bottles were deliberately broken and crates were intentionally shredded for sale as raw materials, undermining the beverage companies’ circular packaging model.

“The recent raid is the outcome of sustained engagements and intelligence-led investigations and represents a decisive step by authorities to protect legitimate business operations, uphold environmental standards, and deter further illegal activity”, he said.

He described the act as criminal and a serious economic sabotage, noting that these assets remain the property of beverage companies that have invested heavily in these sustainable packaging materials to protect the environment.

He warned those involved in the act to desist, as the Association will continue to collaborate with law enforcement agencies to ensure that offenders are held liable and made to face the wrath of the law.

He stressed further that, beyond the asset loss, the activities of these individuals pose significant risks to businesses, including supply chain disruptions, increased operational costs, environmental risks arising from unsafe recycling practices, and threats to public safety.

“These Returnable Packaging Materials (RPMs) are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them”, he added.

He urged the relevant government agencies to move against the illegal destruction and diversion of returnable packaging material outside the value chain and encouraged the public to remain vigilant and report any suspicious activity of this nature to the police or call the consumer care lines of the beverage companies.

Over the years, beverage companies have been contending with a sustained challenge involving illegal disposal, theft, and unauthorised recycling of their returnable packaging materials.

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Business

Cybercriminals cloning DStv, other brands to steal bank accounts across Africa

According to cybersecurity company NordVPN, the campaign distributes Remote Access Trojans (RATs) and banking trojans, forms of malware that can give criminals control over infected devices and access to sensitive information.

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Cybercriminals are impersonating popular companies and government agencies across Africa in a campaign designed to take over smartphones and bank accounts.

More than 100 fake websites linked to the malware campaign have been identified since August 2025.

Brands including DStv, Takealot and South African Airways, as well as the South African Revenue Service (SARS), are being used to make fraudulent messages and websites appear legitimate.

According to cybersecurity company NordVPN, the campaign distributes Remote Access Trojans (RATs) and banking trojans, forms of malware that can give criminals control over infected devices and access to sensitive information.

The attacks are particularly concerning in South Africa, where Android dominates the mobile operating system market.

NordVPN said the attacks typically begin with social engineering, where criminals send convincing messages through SMS, WhatsApp or social media.

The messages may contain urgent offers or requests involving job opportunities, tax refunds, identity renewals or pension verification.

Victims are then directed to fake websites designed to closely resemble the official websites of trusted organisations.

The sites encourage users to download an Android application. Once installed, the malicious software can operate quietly in the background, including after the smartphone is restarted.

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Business

Cement price hits N16,000 per bag

The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.

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• Chairman of BUA cement, Abdul Samad Rabiu (ASR)

Cement dealers across Nigeria have announced fresh price increases, with a 50kg bag now selling for as much as N16,000 in some markets, up from N13,000 recorded by buyers just days earlier.

The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.

By the third quarter of 2025, that had risen to about N9,000 before reaching the N12,000 to N16,000 range now seen across different locations.

Other building materials have followed a similar upward path. Blocks have climbed from around N600 to N1,100 each.

Sand has gone from N165,000 to N250,000 per 30 tonnes. Granite has risen from N530,000 to N780,000 per 30 tonnes.

Reinforcing steel now costs N1.15 million per tonne, up from N850,000.

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Business

Naira Exchange Rates Friday, August 21

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BLACK MARKET RATES

US Dollar (USD) Buy ₦1,405 Sell ₦1,410

Great British Pound(GBP) Buy ₦1,890 Sell: ₦1,915

EURO (EUR) Buy ₦1,590 Sell ₦1,610

Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080

South African Rand (ZAR) Buy ₦75 Sell ₦90Ghana CEDI (GHS) Buy ₦95 Sell ₦110

West African CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

CBN Exchange Rates

US Dollar (USD) ₦1,374.63

Great British Pound (GBP) ₦1,838.70

EURO (EUR) ₦1,574.97

Swiss Franc (CHF) ₦1,687.70

Chinese Yuan (CNY) ₦200.42

Japanese Yen (Yen) ₦8.49

West African CFA (XOF) ₦2.37

West African Unit Account (WAUA) ₦1,848.41

Saudi Riyal (SAR) ₦358.91

South African Rand (ZAR) ₦83.35

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