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MAN Slams NAFDAC Over Sachet Alcohol Ban, Warns of Job Losses and Economic Fallout

The Manufacturers Association of Nigeria (MAN) has criticised the National Agency for Food and Drug Administration and Control (NAFDAC) over its renewed enforcement of a ban on sachet and small PET-bottled alcoholic beverages, warning that the action is disrupting legitimate businesses and threatening jobs. MAN said the move contradicts existing federal directives and legislative resolutions,…

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FG Raises ₦501bn Genco Bond as Nigeria Battles Fresh National Grid Failure

The Federal Government has successfully issued a ₦501 billion inaugural bond to settle legacy debts owed to power generation companies (Gencos) under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100 per cent subscription from pension funds, banks and asset managers. The landmark financing move comes amid renewed concerns over grid stability after Nigeria…

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