Yesterday in a press briefing, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mrs Mojisola Christianah Adeyeye has revealed that to destroy a container load of Tramadol cost the agency between N1m and N2m.According to Mrs Adeyeye, “Don’t forget that for seven years, we were not at the port and importers of dangerous drugs were having a field day. Our children were going wacko due to drug abuse that was almost becom...

The Federation Accounts Allocation Committee, FAAC, has shared a total of N581.566 billion February 2020 Federation Account Revenue to the Federal, States and Local Governments in the country. This was announced after a rescheduled meeting of the Federation Account Allocation Committee, held in Abuja, yesterday. The N581.566 billion comprised Statutory Revenue, Value Added Tax (VAT), Exchange Gain, and revenue from Forex Equalization Account. It was announced that...

Nigerias Gross Domestic Product (GDP) fells to 2.24% in 3rd quarter of 2016, according to a new set of data released on Monday by the National Bureau of Statistics.Nigeria, seen as Africas largest economy shrunk by 2.06% in the third quarter as the country is hit by massive revenue shortage, foreign exchange shortage and volatile naira-dollar parity.The data released by the NBS indicates that Nigerias oil sector falls by a whooping 22.01% in the third q...