The National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed seized substandard, falsified, and expired products worth N1.367 billion. During the exercise yesterday in Abuja, the agency’s Director-General, Prof. Mojisola Adeyeye, said the destruction was a part of the NAFDAC’s commitment to ensuring public health safety and eliminating dangerous products from Nigeria’s supply chain. The items, seized …

Nigerians’ reliance on imported food products surged in the third quarter of 2024, as foreign exchange (FX) demand for the sector climbed by 16% quarter-on-quarter (q/q) to $633.6 million, according to data from the Central Bank of Nigeria (CBN)’s quarterly statistical bulletin. The sharp increase contrasts with an overall decline in FX demand across other sectors, underscoring rising costs or …