Nigeria’s downstream oil sector, operators have disclosed that the Federal Government has successfully saved approximately ₦400 billion since the removal of subsidy on Premium Motor Spirit (PMS). While this move has garnered mixed reactions from industry stakeholders, it has resulted in substantial savings for the government and raised discussions on […]

In response to the potential risks associated with contactless payments, the Central Bank of Nigeria (CBN) has introduced transaction limits that require verification and authorization for higher-value transactions. The CBN issued guidelines on contactless payments and outlined the restrictions to safeguard the financial system. Effective immediately, the transaction limit for […]

The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public alert regarding the presence of counterfeit Dostinex (Cabergolin) 0.5mg tablets in circulation. The alert was prompted by a complaint received from Pfizer Specialties Limited, the manufacturer of the authentic product, regarding a patient’s concern. Although […]