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President Tinubu Hails NGX for Crossing ₦100 Trillion Market Capitalisation Milestone

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Urges Deeper Local Investments

President Bola Tinubu has commended corporate Nigeria, investors, and stakeholders in the capital market for propelling the Nigerian Exchange (NGX) beyond the historic ₦100 trillion market capitalisation threshold.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described the achievement as a “new economic reality and rejuvenation,” signalling strong investor confidence in Nigeria’s reforming economy.

“With the Nigerian Exchange crossing the historic N100 trillion mark, the country is witnessing the birth of a new economic reality,” President Tinubu said. He highlighted the NGX All-Share Index’s impressive 51.19% return in 2025 — outperforming the previous year’s 37.65% and ranking among the world’s top performers — even as many global markets faced stagnation.

The President noted year-to-date gains surpassing benchmarks like the S&P 500 and FTSE 100, positioning Nigeria as an attractive investment destination rather than a overlooked frontier market.

He praised resilient performances across sectors, from industrial giants localising supply chains to innovative banks, and anticipated further growth with upcoming listings in energy, tech, telecoms, and infrastructure.

President Tinubu linked the stock market’s success to broader reforms yielding macroeconomic stability. Inflation has declined for eight consecutive months, dropping from a peak of 34.8% in December 2024 to 14.45% in November 2025, with forecasts suggesting 12% in 2026 and potentially single digits by year-end.

Nigeria recorded a $16 billion current account surplus in 2024, projected to rise to $18.81 billion in 2026, driven by surging non-oil exports (up 48% to ₦9.2 trillion in Q3 2025) and manufacturing growth. Foreign reserves have exceeded $45 billion, with the naira stabilising and projections to surpass $50 billion in early 2026.

Infrastructure advances, including rail expansions, major highways like Lagos-Calabar and Sokoto-Badagry, and port revitalisation, were also highlighted, alongside improvements in healthcare, education loans via NELFUND, and research funding.

Urging Nigerians to invest more domestically, President Tinubu assured that “2026 will yield even greater returns” as reforms mature. He pledged continued efforts toward a transparent, egalitarian, high-growth economy, bolstered by tax and fiscal changes effective January 1, 2026.

“Nation-building is a process requiring hard work and focus. This ₦100 trillion milestone signals to the world that Nigeria’s economy is robust and productive,” he concluded.

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We ban alcohols in retail satchets for national interest – Prof Adeyeye

Placing a label to read not for children on the sachets and the small containers will not work. It cannot be enforced because of the peculiarity of the society.

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The National Agency for Food and Drug Administration and Control (NAFDAC) declared on Thursday that it only ban alcohol in sachet and small containers less than 200ml, and didn’t close down any company in the sector.

“The aim of the ban is to protect vulnerable population such as children and the youth,” said Prof Mojisola Christianah Adeyeye, Director-General, NAFDAC, asserting:”This ban is not punitive; it is protective.”

In a statement , the NAFDAC DG, emphasised that the ban was in line with the recent directive of the Senate of the Federal Republic of Nigeria, and backed by the Federal Ministry of Health and Social Welfare, underscores the agency’s statutory mandate to safeguard public health and protect vulnerable populations particularly children, adolescents, and young adults from the harmful use of alcohol.

The proliferation of high-alcohol-content beverages in sachets and small containers less than 200 ml has made such products easily accessible, affordable, and concealable, leading to widespread misuse and resultant addiction among minors and some commercial drivers.

This public health menace has been linked to increased incidences of domestic violence, road accidents, school dropouts, and social vices across communities.

Placing a label to read not for children on the sachets and the small containers will not work. It cannot be enforced because of the peculiarity of the society.

Many parents dont know their children take alcohol in sachet because the pack size can be easily concealed and the sachet is cheap. History of six years of moratorium given to manufacturers to reconfigure their product lines:

In December 2018, NAFDAC, the Federal Ministry of Health, and the Federal Competition and Consumer Protection Commission (FCCPC) signed a five-year Memorandum of Understanding (MoU) with the Association of Food, Beverage and Tobacco Employers (AFBTE) and the Distillers and Blenders Association of Nigeria (DIBAN) to phase out sachet and small-volume alcohol packaging by January 31, 2024.

The moratorium was later extended to December 2025 to allow industry operators to exhaust old stock and reconfigure production lines.

NAFDAC emphasizes that the current Senate resolution aligns with the spirit and letter of that agreement and with Nigeria’s commitment to the World Health Assembly Global Strategy Resolution to Reduce the Harmful Use of Alcohol (WHA63.13, 2010), to which Nigeria is a signatory since 2010.

The ban on sachet packaging and PET botttle less than 200 ml is to make it difficult for children to get to alcohol and its consumption.

NAFDAC approves alcohol in bigger pack sizes. The small size of the sachet makes it easier for underage to conceal from parents and teachers.

Report from schools show that children conceal the sachets. A teacher recently reported that a student said he couldnt take exam without taking sachet alcohol.

It is aimed at safeguarding the health and future of our children and youth by not allowing alcohol in small pack sizes.

The decision is rooted in scientific evidence and public health considerations. We cannot continue to sacrifice the wellbeing of Nigerians for economic gain.

The health of a nation is its true wealth.NAFDAC reiterates that only two packages of alcoholic beverages are affected by this regulation – spirit drinks packaged in sachets and small-volume PET/glass bottles below 200ml.

The Agency calls on all stakeholders, including manufacturers, distributors, and retailers, to comply fully with the phase-out deadline, as no further extension will be entertained beyond December 2025.

The Agency will continue to work collaboratively with the Federal Ministry of Health and Social Welfare, the Federal Competition and Consumer Protection Commission (FCCPC), and the National Orientation Agency (NOA) to implement nationwide sensitization campaigns on the health and social dangers associated with alcohol misuse.

NAFDAC remains resolute in its mission to ensure that only safe, wholesome, and properly regulated products are available to Nigerians.

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Chinese investors establish $20m Lithium plant in Kwara with pharmaceutical plant underway

According to Sun, the company currently employs more than 300 workers, most of whom are indigenes of Kwara State.

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Image: Lithium mineral

A Chinese firm, ER KANG Company Limited, has established a $20 million lithium processing factory in Kwara State.

ER KANG is also establishing a pharmaceutical manufacturing company in Kwara, valued at over $15 million, bringing the total Chinese investment in the state to approximately $35 million.

Team lead of the company, Sun Qing Rong, disclosed this in Ilorin during a meeting with Governor AbdulRahman AbdulRazaq on Wednesday.

He said the lithium plant is already operational and the investment is intended to prevent the export of raw minerals without processing.

Sun explained that the facility converts lithium into ready-to-use industrial materials, ensuring the mineral is processed locally rather than exported in its raw form.

He noted that the initiative aligns with government policies promoting value addition in the state.

According to Sun, the company currently employs more than 300 workers, most of whom are indigenes of Kwara State.

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NAFDAC misleads the Senate to ban sachet alcohol – MAN

Business is based on data and logic. Not sentiment. Data is key. Bring your data. Alcohol is not produced for children.

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Photo by Ochefa / Ohibaba.com; 28 January 2026

The leadership of the Manufacturers Association of Nigeria (MAN), on Wednesday accused the nafdac to have misled the Senate to approve the ban on sachet alcohol and PET bottles.

The leadership of the association made the accusations on the occasion of the 10th edition MAN Media Personality Awards/ Presidential Media Luncheon, held in Lagos.

Francis Meshioye, the president of the association, and Segun Ajayi-Kadir, Director -General of MAN, emphasised that NAFDAC didn’t provide the Senate with empirical data showing the negative impacts of alcohol on children.

“Business is based on data and logic. Not sentiment. Data is key. Bring your data. Alcohol is not produced for children.

It is clearly written on the sacrhet it is for people 18+;  the companies producing them have done the campaigns; they have NAFDAC numbers. So NAFDAC should do its job.

They misled the Senate they didn’t give enough information to the Senate,” said Ajayi – Kadir.

Meshioye urges the government to prevail on the regulator to suspend the ban, because, “When manufacturing thrives, Nigeria thrives..when manufacturing wins, government wins.”

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