Category: Consumer Watch

  • GTCO launches 2025 food and drink festival holiday edition

    GTCO launches 2025 food and drink festival holiday edition

    Guaranty Trust Holding Company [GTCO] has launched its first-ever food and drink holiday festival, a special end-of-year celebration designed to spotlight Africa’s vibrant culinary culture while delivering unforgettable holiday experiences for families, food lovers and entrepreneurs.

    Speaking during a press conference, Segun Agbaje, Group Chief Executive Officer, GTCO plc, said the maiden holiday edition, which will take place on 20th and 21st December at the GT Centre, Oniru, Lagos, is built on the success of the annual GTCO Food and Drink Festival, which had its eighth edition in April this year.

    According to Agbaje, “This special end-of-the-year celebration, apart from focusing on assorted culinarians, will drive community engagement, brand love, and SME empowerment. This edition leverages the festive season to deepen GTCO’s lifestyle positioning and reinforce the Group’s commitment to supporting enterprise and creativity.

    “The GTCO Food and Drink Festival has grown into a powerful platform for celebrating enterprise, creativity, and the richness of African cuisine. The Holiday edition reflects our commitment to creating joyful shared experiences while supporting SMEs across the food and beverage value chain. We look forward to hosting families, businesses, and visitors from across the world at this special festive celebration,” stated the CEO.

    Food and drink enthusiasts are expected to be tantalised by about 213 food and drink vendors who have been provided with free exhibition stalls by the organisers, giving SME’s a high visibility platform to showcase their offerings.

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    This maiden holiday exhibition, which is consumer-focused, will feature a large and immersive children’s play area, featuring safe, engaging activities for holiday-themed games and curated entertainment for kids of all ages.

    To add more colour to the festival and to celebrate the season, the organisers disclosed that there will be a vibrant Christmas Village with handcrafted gifts, festive treats and entertainment for families.

    Emphasising that the objective of the festivals has never been to make a profit, the CEO said, “it is to champion African culinary arts and showcase global food and drink experiences, to support SMEs by providing a world-class free platform for growth and visibility.

    “The objectives of the festival are also to strengthen GTCO’s brand positioning as the leading lifestyle brand in the financial services, drive positive press engagement and deepen emotional connection with our audiences while providing memorable holiday experiences for families, tourists, and the wider community.”

    However, this holiday edition will not feature Master Classes, unlike the regular annual GTCO Food and Drink festival, but there will be a lot of music as DJ Raves will be featuring two of Nigeria’s most exciting performers, delivering high-energy music experiences for festival goers.

    In all, over four thousand food vendors applied to participate in the event, but after careful selection, about 213 vendors and some other SMEs were shortlisted.

    The event, which is free to attend, is targeted at families, young professionals, students, holiday travellers, foodies, chefs, culinary entrepreneurs, influencers, local and international media, SMEs, Food and Beverage brands, GTCO customers and broader retail audiences.

  • Handbook of rebranding Nigeria launched in Lagos

    Handbook of rebranding Nigeria launched in Lagos

    The much-anticipated Handbook of Rebranding Nigeria: ‘An Anthology of Context, Critical Analyses, and Counsel'(Vol. 1), has been officially unveiled at a launch event held at The Sojourner in Lagos, recently.

    Edited by Ofuma Agali and Temi Abimbola (PhD), the anthology brings together 54 voices offering context, critique, and counsel for the Nigeria brand. Among the contributors are marketing communication practitioners, journalists, academics, public affairs analysts, and elder statesmen.

    In his remarks, Agali, Candella’s Lead Consultant and the anthology’s Lead Editor, said the book is a record and an intentional act of preservation.

    He noted that the country has been blessed with useful insights, brilliant argument, bold recommendations, and clear warnings, all of which appear in everyday speeches, conversations, essays, and in the media; yet, they appear to vanish after a while, getting lost in the grind of national existence, time, and forgetfulness.

    “The conscious and responsible preservation of our thoughts, stories, and projections, therefore, offer us a foundation, as a people, to harness the depths of hindsight so we can be equipped with the foresight that will lead us in the right direction.”

    Agali said that the book project was inspired by the debates of the 2009 ‘Good people, Great Nation’ campaign.

    He said the project is an assembly of narratives and thoughts around the Nigeria image question – from inception, amalgamation, and independence, to all the current national issues, including corruption, mediocrity, morality, and identity..

    “This is why you will find that more than 90 per cent of the essays in the book were previously published in newspapers, magazines, and blogs, or presented as papers; these contributions were curated, processed, organized, and formed into an anthology,” he said, adding that the book now exists so these important contributions to the Brand Nigeria conversation do not become invisible.

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    In his keynote address, Akin Adeoya, CEO of MarketingMix, said one of the book’s principal strengths is the clarity it provides on ‘Brand Nigeria’. “By tracing the events proceeding and following the 1924 amalgamation, it effectively documents the nation’s brand development from a period when the very concept of nation branding was unfamiliar,” he said.  While noting that it is this historical grounding that facilitates clearer understanding.

    In his review, Chido Nwakanma, Editor-at-Large, BusinessDay Media, described the Handbook of Rebranding Nigeria as a monumental and ambitious project. “The handbook’s most immediate feature is its extensive scope; covering nearly 400 pages, it analyses the Nigerian experience through the perspective of history, sociology, politics, culture, management, diplomacy, and communication,” he said, adding that it documents important branding campaigns from the fundamental ‘Heart of Africa’ to the widely-recognised ‘Good People, Great Nation’ initiative, offering a valuable record of the nation’s dialogue with its own image.

    Some of the contributions in the book were drawn from Prof. Kayode Soremekun, Prof. Emevwo Biakolo, Dr. Josef Bel-Molokwu, Dr. Lugard E. A. Aimiuwu, Dr. Jossy Nkwocha, Dr. Kayode Fayemi, Dr. Biodun Shobanjo, Dr. Uche Nworah, and Bishop Matthew Hassan Kukah and others

  • Wema Bank emerges fourth-time winner at Bankers’ Game

    Wema Bank emerges fourth-time winner at Bankers’ Game

    Wema Bank has emerged overall Winner at the just-concluded Nigeria Bankers Game (NBG) 2025 grand finale, marking the bank’s fourth consecutive win at the sporting event, setting a new industry record.

    With a tally of nine gold medals, Wema Bank clinched victories across various categories, including Table Tennis (Female Singles, Doubles, and Mixed Doubles), Volleyball, Scrabble, Video games, 100m Female, 200m Female, and the 4x100m Female Relay.

    This year’s NBG also celebrated individual excellence, with Oluwaseun Adewunmi an employee of Wema Bank earning the title of Nigeria Bankers Game 2025 Overall Outstanding Athlete.

    According to the bank, her performances across various disciplines reflect deep commitment, discipline, and resilience, making her stand out as one of the tournament’s finest competitors.

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    Managing Director and CEO of Wema Bank, Moruf Oseni, expressed his pride in the NBG achievement.

    He said: “Wema Bank Plc has once again won the Nigerian Bankers Games title for the fourth consecutive year. This remarkable feat sets a new benchmark in the Nigerian banking industry. As we commemorate 80 years of impact and service, this victory carries even deeper meaning for us as an institution.

    “We owe this incredible success to every staff who wore our colours and competed with passion, focus, and grit, our esteemed athletes, you are true champions. Your dedication to training and your stellar performance across all events showcased the absolute best of our institution. Thank you for making history.

    “This championship confirms that Wema Bank is a powerhouse, a place where excellence is not the exception but the standard. This victory is more than just a trophy. It is a profound reflection of our corporate DNA and a powerful testament to the spirit of excellence and determination that defines us.”

    Reacting to her recognition as the overall outstanding athlete of the year, Oluwaseun Adewunmi said, “I am deeply honored to receive this award. Competing across several events and representing Wema Bank has been an incredibly fulfilling experience. This achievement is a shared victory that belongs to my teammates and everyone who supported us throughout the tournament. I am grateful to Wema Bank for providing the platform, encouragement, and support that enabled us to perform at our very best.”

  • PocketMoni celebrates culture at Lagos festival

    PocketMoni celebrates culture at Lagos festival

    Lagos came alive recently as thousands thronged Muri Okunola Park for the 2025 Ofada Rice Day Festival, where headline sponsor PocketMoni stole the spotlight by unexpectedly doubling its planned ₦1m giveaway to ₦2m — a move that sent the crowd into wild celebration and triggered a surge in app downloads at the venue.

    The seventh edition of the festival, backed by the Lagos State Government, blended music, food, culture and community, but it was PocketMoni’s dramatic announcement that became the defining moment of the day.

    The decision, made on the spot by eTranzact Plc’s Managing Director/CEO, Niyi Toluwalope, sparked loud cheers, dancing and spontaneous excitement as attendees rushed toward the brand’s activation stand.

    Beyond the surprise gesture, the company said its presence at the festival was a deliberate effort to connect with everyday Nigerians in an environment that reflects their lives.

    The Ofada Rice Day Festival, known for celebrating tradition, family and indigenous flavours, offered the ideal setting for the digital wallet brand to amplify its identity as a simple, human-centred financial tool.

    PocketMoni’s team engaged directly with the diverse crowd of families, students, artisans, business owners and professionals, helping people download the app, onboarding new users, answering questions and demonstrating features in real time.

    Vovwe Enyoyi, Divisional Head of Digital Banking at eTranzact, said the on-ground engagement helped the brand “learn, listen and build something better—together.”

    Company officials emphasised that the sponsorship was not just a visibility exercise but a cultural alignment with the community it serves.

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    “This partnership with Ofada Rice Day is only the beginning,” said Omotayo Joseph-Ogiolu, Product Marketing Manager for PocketMoni, who affirmed the brand’s commitment to supporting community events, expanding financial inclusion and building intuitive products that allow users to manage money individually or within groups.

    The festival, one of Lagos’ most anticipated December events, transformed Muri Okunola Park into a vibrant hub of food, friendship and celebration, with the unmistakable aroma of Ofada rice filling the air.

    For PocketMoni, the event offered more than publicity—it delivered emotional connection, brand trust and real-time interaction with thousands of potential users.

    PocketMoni, a digital wallet developed by eTranzact Plc, enables secure payments, group savings, bulk buying, bill payments and everyday spending.

    The app is available for download on the Google Play Store and Apple App Store.

  • Creative leaders, industry experts converge as FSDH celebrates fifth anniversary of WIBI

    Creative leaders, industry experts converge as FSDH celebrates fifth anniversary of WIBI

    In line with its commitment to championing women’s economic advancement in Nigeria, FSDH Merchant Bank has reaffirmed its leadership role with the successful hosting of the 2025 Women in Business Initiative (WIBI) Summit.

    The milestone fifth edition, held at the Civic Centre, Victoria Island, Lagos, brought together hundreds of female entrepreneurs, corporate professionals, creatives, policymakers, and ecosystem leaders to celebrate women who continue to drive growth, innovation, and resilience across the economy.

    Themed, ‘Empowered – Celebrating Women in Motion,’ this year’s summit highlighted the real progress and persistent challenges shaping the female economy, while spotlighting FSDH’s expanding footprint in enabling women-led growth.

    Delivering her opening remarks, Bukola Smith, Managing Director of FSDH Merchant Bank, reaffirmed the bank’s dedication to removing structural barriers for women and creating pathways to sustainable economic inclusion.

    “WIBI was built on the belief that when women are equipped with the right systems, knowledge, and support, entire economies shift. Five years on, we are seeing that transformation play out, not just in individual success stories, but in the confidence, collaboration, and ambition now shaping our community. This year’s focus on the creative economy reinforces our commitment to backing women in sectors that define culture, influence markets, and shape Nigeria’s future,” she said.

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    This year’s keynote address was delivered by veteran actress, award-winning producer, and business leader Joke Silva, whose presence brought both depth and authenticity to the day’s conversations.

    Drawing from her decades-long career in Nigeria’s creative industry, she spoke passionately about the importance of resilience, reinvention, and emotional intelligence as tools for navigating and excelling in an evolving economy.

    Her message resonated strongly with emerging entrepreneurs, creatives, and corporate professionals seeking to build sustainable legacies, even as she emphasized the need for proper training and skills development to prepare young talents for global competitiveness.

    “Today, FSDH celebrates five years of impact for women in business — five years of grace, growth, and undeniable progress. Across history, women have stood as beacons of excellence in every industry, and their stories continue to inspire us to push boundaries and create room for even more women to rise. Nigeria is blessed with a large pool of young talent, particularly within the creative industry, which has the potential to absorb and empower thousands. However, the reality remains that while current training initiatives provide exposure, they often fall short in delivering the depth of skills required for global competitiveness,” she said.

    Joke added that “What is needed now is intentional selection, targeted skilling, and accelerated capacity building, so that young women and all creative talents are fully equipped to thrive, lead, and compete on the global stage.”

    The panel session featured a dynamic lineup of thought leaders who unpacked the realities facing women in business today. Jide Sipe, Group Head of Brand Transformation and Digital Marketing at the Bank of Industry, brought a development finance perspective, emphasizing the role of structured funding and capacity building in scaling women-led ventures. Award-winning filmmaker and producer Biodun Stephen provided insight into the creative and technical challenges facing women in film and media, underscoring the need for stronger institutional support for creatives.

    While sharing thoughts during the panel session, Blessing Obasi-Nze, an actress and CEO of Desperanza Media, shared the story of how she came to the limelight and her evolution since then, adding that young creative talents should focus on being original, authentic, and consistent in their pursuit of success. The session was moderated by TV host and media personality Olive Emodi, who guided a rich, high-energy discussion on leadership, brand-building, access and the shifting economic landscape for women.

    Across the conversations, a recurring theme emerged: women are not only participating more actively in Nigeria’s economic narrative—they are driving its next growth curve. From entrepreneurship and digital innovation to creative exports and corporate leadership, Nigerian women continue to demonstrate remarkable resilience and ingenuity. The WIBI Summit offered both a mirror and a megaphone for these stories, amplifying their visibility and providing a platform for meaningful dialogue.

    While speaking to the measurable impact of FSDH’s Women in Business Desk, Stella-Marie Omogbai, Executive Director, FSDH Merchant Bank, stated that over the past five years, the Bank had disbursed more than $3.9 million (₦3 billion+) in loans to women-led businesses, working closely with partners such as BOI, IFC, AGF, and WEAV Capital to deliver blended financial solutions and targeted interventions.

    “Our capacity-building programmes—including the Women Business Impact Programme delivered with the Enterprise Development Centre, the Female Founders Growth Programme run in collaboration with IFC and WEAV, and the WIBI Coaching Programme—have provided training, mentorship, and market access to over 500 women-led SMEs. With more than 2,000 women engaged across summits, masterclasses, coaching cohorts, and accelerator programmes, WIBI continues to serve as one of the country’s most influential platforms for female enterprise development,” she said.

    Throughout the event, speakers emphasized that unlocking the potential of the creative economy requires more than episodic support. It demands structural reforms, patient capital, industry collaboration, and platforms that recognize women as economic powerhouses—not just beneficiaries. FSDH’s approach, combining access to finance, capacity-building, market access, and community, was widely commended by panelists and participants alike.

    The energy across the summit reflected not only celebration but momentum, even as the WIBI platform awarded outstanding women in business across different industries. Participants expressed optimism about the future, citing improved access to information, shifts in social norms, and institutional support as enablers of women’s economic mobility. Many described the 2025 edition as the most inspiring and strategic yet, particularly as it marked the fifth anniversary of WIBI’s journey.

    With the successful hosting of the 2025 Summit, FSDH Merchant Bank continues to deepen its influence and reaffirm its commitment to gender-focused development, a commitment that aligns with both national and global ambitions to drive inclusive growth. As the Bank prepares for the next wave of interventions, the underlying message from the day was clear: when women are empowered, entire economies shift.

  • Excitement, worries, as rice price drops ahead of Christmas

    Excitement, worries, as rice price drops ahead of Christmas

    The price of rice, the staple food and soul of any party, and the most sought-after grain in Nigeria at one point, remained relatively high compared to what it was years before. However, to everyone’s pleasant amazement, the price has gradually and consistently been dropping.

    About ten to twelve years ago, Nigerians were purchasing a 50kg bag of long grain foreign rice for between N10,000 and N12,000. That sounds like a mirage or almost impossible. However, to the consternation of everyone, the price began to rise and reached approximately N100,000 by December 2024, when demand was at its peak due to the Christmas celebrations.

    Happily, from early this year, when the demand dropped, the price started reducing to about N90,000-N86,000. Just about two months ago, Funmi Ayomide said she bought a 50kg bag of long grain foreign rice for N86,000 at the Ogba Retail market in Lagos.

    Just as people were anticipating a surge in the price due to the Christmas and Yuletide seasons, which come with a lot of celebrations, and rice meals being the most popular food in the events, the price surprisingly came down.

    A caterer, Miss Alice Ayomide, said the same rice she bought for N86,000 two months ago, now sells for N60,000 at the same place. Currently, 50kg bags of local rice in Lagos sell for between N40,000 and N59,000, while long-grain imported rice sells for between N53,000 and N65,000. However, in areas outside Lagos, 50kg of local rice sells even lower than N40,000.

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    The price fall has been linked to many market forces. Investigations revealed that there have been increased imports due to loose border controls and policy changes, allowing more imports, particularly from India, after its export ban was lifted. Rice from there has flooded the market.

    The typical October-December harvest period also contributed to a rise in local supply, increasing competition and lowering prices.

    A rice farmer and dealer who pleaded anonymity attributed the price drop to the reopening of land borders, which has allowed increased inflow of rice from neighbouring rice-producing countries. He said the development has caused a flooding of the market with both imported and locally produced rice, leading to a temporary fall in prices.

    A trader at the Oyingbo Market attributed the development to improved supply and reduced market stockpiles. He said that the government’s renewed support for local farmers and improved distribution channels contributed to the glut.

    However, consumers are joyful with the majority of them already stockpiling ahead of Christmas and the Yuletide season.

    Mrs Ngozi Iheanacho said the price drop was timely. “At least many households will be able to celebrate the Christmas season with enough food.”

    “I just thank God for this fall in price. Usually, many people fix weddings, burials and other events during this period, mostly because you are sure to do your parties without the distraction of rain. Jollof rice is the most popular meal served at such parties,” said Chinelo Owa.

    “We have a burial and a marriage in December. We are not taking chances; we have already bought all the rice we will need for the occasions because the price may rise again. This is Nigeria, you cannot guarantee anything.”

    Mrs Oluwaseun Alade said she hoped the prices would remain low to enable people to enjoy their Christmas. “Rice is essential during Christmas and the New Year. This drop, if sustained, means more families can celebrate without worry,” she said.

    However, the fear that the price will go up again before Christmas is prompting people to stockpile. Some churches and organisations that engage in welfare activities have started stockpiling rice, as this is the most preferred gift for the majority of households.

    One of the Anglican churches told its welfare department to start purchasing rice that will be shared with the less-privileged people during the Christmas season before the price goes up again.

    Many organisations are also doing the same now. Mrs Miriam Udoh, a rice dealer at Iddo Market, Lagos, said that a lot of banks have placed orders for hundreds of bags of rice. “Some of these people did not give out rice as gifts last year because of the high price, but we are witnessing a surge in demand for the product

    “Three different banks on the Island paid me for 300 bags of 50kg long grain rice. The smaller organisations ask traders to bag the rice in 25kg and 10kg bags. We are really happy as the decline in price has increased the demand for rice.”

    A visibly excited Mama Jumbo, as she is fondly called at the popular rice market at Daleko, Mushin, said she had been getting increased orders from organisations than she did since the last previous years. “Last year, only very few organisations ordered rice. Even those that did asked us to re-bag the 50kg bags to 25kg, 12kg and 10kg bags, but this year, they are buying much.”

    However, while consumers and a few traders are happy, some other traders are complaining. “Alhaji Ibrahim at the Iddo Market said that the recent crash in the price has left many traders struggling to recover their investments.

    He said that some traders are selling at a loss. “I bought several bags at N80,000 and N85,000 early this year, and now I have to sell them for as low as N65,000. The fall came suddenly, and it is tough on some of us.”

    Speaking further, he said that the government needs to be intentional in stabilising the price of rice in the country through regular support to local farmers to boost the supply chain.

    Many families last year could not really celebrate Christmas as they would have wanted because of the high price of rice and other food items, but this Christmas is already looking rosy, with rice prices and prices of vegetable oil seeming to be coming down.

  • Wikimedia celebrates News Central TV, MD

    Wikimedia celebrates News Central TV, MD

    News Central Television and its Managing Director & Editor-in-Chief, Kayode Akintemi, have been honoured by Wikimedia at the Nigeria Wikimedia Community Distinguished Awards (NWCDA) 2025, held recently.

     Wikimedia, the global organization behind some of the world’s most widely used knowledge platforms, is deepening its footprint in Nigeria.

    With thousands of local volunteers documenting the country’s culture, history and identity, the group held a major awards ceremony in Lagos to celebrate outstanding contributors, including media organizations and industry leaders.

    The awards, which celebrate outstanding contributions to the advancement of open knowledge, digital literacy, and community empowerment, recognized News Central for its exceptional role in amplifying credible information, promoting media transparency, and supporting Wikimedia’s mission of accessible, freely-shared knowledge across Africa.

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    Akintemi received a special leadership award for his unwavering commitment to promoting fact-based storytelling, fostering newsroom excellence, and championing partnerships that strengthen the ecosystem of open knowledge and responsible digital media. Accepting the honor on behalf of the organization, Akintemi expressed deep appreciation to Wikimedia and the Nigerian Wikimedia community for the recognition.

     “We are truly humbled by this award. At News Central, we believe in the transformative power of information and the responsibility that comes with telling stories with truth and depth. This recognition reinforces our commitment to supporting free knowledge initiatives and building stronger bridges between journalism and the Wikimedia ecosystem,” he stated.

    Wikimedia organisers praised News Central for its contributions to public enlightenment, its support for research-driven reporting, and its readiness to collaborate on initiatives that promote digital education, fact-checking, and knowledge sharing across the continent. Under Akintemi’s leadership, News Central has continued to champion innovation in media practice, youth empowerment, and the responsible use of digital tools. The station’s focus on accuracy, transparency, and public service journalism aligns strongly with Wikimedia’s global vision of expanding access to reliable information. The award also highlights News Central’s growing role in supporting literacy and digital engagement in communities across Nigeria programming, editorial policies, and partnerships designed to elevate African narratives and ensure public access to verified information.

  • NAFDAC seeks production of vaccine in Nigeria

    NAFDAC seeks production of vaccine in Nigeria

    The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, has challenged manufacturers of pharmaceutical products in the country to take the necessary investment decisions that will facilitate the production of human vaccines in Nigeria.

    She warned that Nigeria should not wait for another pandemic before it gets prepared and avoid being caught unawares, as witnessed during COVID-19, when the country depended on international donors to survive the scourge.

    “When I came to NAFDAC, we had the Registration and Regulatory Affairs Directorate, which was in charge of registration of all NAFDAC-regulated products, meaning the registration of food, drugs, cosmetics, medical devices, herbal medicines, vaccines, veterinary products, pesticides, and other finished chemicals was under one Director, which made the system susceptible to ineffectiveness and corruption,” she said.

    NAFDAC became Maturity Level 3 in 2022 for medicines and imported vaccines. For NAFDAC to be benchmarked for vaccines, biologics and medical devices, she explained that we had to have a separate Directorate headed by a director to ensure that the country aligns with international best practices, adding that “we are operating at the same level as advanced countries of the world.”

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    She disclosed that the Agency had to separate vaccines, biologics, and medical devices in November 2024, to form one directorate, following the Head of Service of the Federation’s assessment, evaluation, and sanction, to ensure that it would be a viable Directorate with operating units.

    The DG expressed the hope that the nation would manufacture vaccines before she leaves office, saying that “It will be exciting news for me, because during the pandemic, we were too dependent on foreign countries. We couldn’t get any vaccines unless from outside the country. That was when the preparedness for epidemics became a reality for us.”

    She stated that the Agency now has guidelines for emergency preparedness for epidemics and pandemics.

    Still, she warned that if there’s another pandemic now and Nigeria is not yet manufacturing human vaccines, despite having manufactured veterinary vaccines since 1924, the country would again be at the mercy of other countries. “During the pandemic, we ran up and down to see whether we could start manufacturing vaccines, but things did not work out,” she said, adding that “we must decide as a country that we will not be too dependent on others. We will manufacture our own.”

     According to her, there has been a movement to do that, but this has not come to reality. “That’s why I pray that before my tenure is over, we will be manufacturing vaccines.”

    According to her, any country that wants to manufacture vaccines that will be pre-qualified by the WHO must have a regulatory system with at least Maturity Level 3 status.

    She added that the fact that the country now has ML3 for medicines and imported vaccines in 2022 brought it to the discussion of manufacturing vaccines.

    She explained that, as a country, Nigeria needs to fulfil the requirements of nine modules in the WHO Global Benchmarking Tool, one of which is Licensing Establishments for the Pharmacy Council of Nigeria (PCN), and NAFDAC had the remaining eight.

    She pointed out that the ML3 Nigeria achieved was for seven of the eight, emphasising that it had not been benchmarked for locally manufactured vaccines.

    Adeyeye noted that NAFDAC is the only National Regulatory Agency (NRA) in sub-Saharan Africa that has an in-house laboratory for vaccines, biologics, and medical devices.

    She said the South African Health Products Regulatory Authority (SAHPRA) has a laboratory for vaccines but contracted it out to private operators.

    “We are working towards getting our ML3 for locally manufactured vaccines. We already have ML3 for medicines and imported vaccines from 2022.  WHO came last year, they saw everything that we have as a regulatory agency on indicators for vaccine Lot Release; we have almost satisfied everything except that the country must manufacture vaccines because it’s when we manufacture vaccines that we can do local facility inspections.”

    She said NAFDAC had been conducting Lot Release testing on imported vaccines in her lab for years, adding that the WHO wants to know that we can also effectively monitor locally manufactured ones. This is where we are as a country, and I pray that within a short time, we will be able to manufacture our own vaccines.”

    Speaking in the same vein, Mrs Khadijah Ade-Abolade, Director of Vaccines, Biologics, and Medical Devices Registration and Regulatory Affairs, stated that the federal government was playing a strategic role to ensure that local vaccine manufacturing takes off in the country.

    She stated that the policy has been established, and support is being provided to ensure that vaccine manufacturing takes off in Nigeria. According to her, the important thing is the regulatory framework, which is already established by NAFDAC and is well-functioning for imported vaccines, and which will also be applied to local vaccines when manufacturing starts in the country.

    “All the required regulatory functions for the regulation of vaccines are already available. We have our market authorisation, which is the registration that we do; the Inspectorate arm of the Agency conducts regulatory inspections.

    We have Clinical trial oversight, which is crucial for vaccine regulation, as well as Post-Market Surveillance and Pharmacovigilance, because we need to monitor the safety and efficacy of our vaccines.”

    Ade-Abolade maintained that the regulatory system for local vaccine manufacture had already been  well-established in the country, stressing that “We are just waiting for the manufacturing operations to start by the manufacturers.”

    The Director General further emphasised that the country can manufacture vaccines. The country can start with “Fill and Finish” while planning the greenfield.

    “We have sound scientists. We have our President Bola Ahmed Tinubu, who is encouraging local manufacturing as part of the Renewed Hope Agenda. Now is the time to get it done, ” Ade-Abolade said.

  • FCCPC shuts five textile warehouses in Kano

    FCCPC shuts five textile warehouses in Kano

    In a major operation in Kano, operatives of the Federal Competition and Consumer Protection Commission (FCCPC) have shut down the warehouses of five textile distributors engaged in unethical business practices.

    They were engaged in deceptive sale of underweight and shortened fabric materials to unsuspecting consumers in breach of the provisions of the FCCPA (2018).

    In a press statement by its director of Corporate Affairs, Ondaje Ijagwu, the enforcement exercise by the Commission was led by its Director of Surveillance & Investigation, Mrs. Boladale Adeyinka.

    In a press statement by FCCPC “the action is a culmination of weeks-long surveillance around Kano markets by FCCPC and the establishment of the prevalence of the sale of fabric materials significantly below the standard length or measurement indicated by retailers, while charging consumers the full price.”

    According to him, “Section 123(1) of the FCCPA states that no retailer, trader or supplier shall, in the course of trade or for the purpose of promoting or marketing any goods, make any representation to a consumer in a manner that is false, misleading, erroneous, or deceptive in any way, including in respect of the quantity or price at which goods are supplied.

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    “Similarly, Section 125(1) prohibits any undertaking from engaging in conduct that directly or indirectly implies a false or misleading representation concerning a material fact to a consumer or prospective consumer.”

    The textile products involved in the sharp practices include LGR Product, U&Me Product, Nana Tex Product, V Levintus Product and Mama Africa Product, Hightex Product, UE Product, S-U Velt Product and Jisiki Product.

    Investigations revealed that the products were imported, marketed, distributed, advertised and warehoused at Nos 238, 249, 313, 315, 413 and 428 Gandun Abada Layout; Nos 38 & 40 Ibrahim Taiwo Road; No 87 Bua Rice Mills Street; Links I, II & III Ajasa Inuwa Wada Road and No 287 Gandun Albasa New Layout in Kano city.

    Speaking on the development, the EVC/CEO of FCCPC, Mr. Tunji Bello, reiterated the Commission’s zero tolerance for any practice that exploits Nigerian consumers or distorts the market or threatens fair competition.

    “By undermining honest traders and businesses that comply with lawful standards, this nefarious practice of selling underweight products can drive legitimate retailers out of the market, thereby reducing consumer choice and entrenching anti-competitive behaviour,” said the FCCPC boss.

    He reassured the public that the Commission will continue to deploy lawful means to deter such exploitative conduct in all markets across Nigeria. Retailers, distributors, and suppliers across the country were reminded of their obligation under the law to provide goods that conform to declared descriptions, measurements, and standards.

  • GTCO Fashion Weekend returns for eighth edition

    GTCO Fashion Weekend returns for eighth edition

    The 2025 edition of the Guaranty Trust Holding Company Plc (GTCO) Fashion Weekend kicked off yesterday with a huge crowd of consumers, retailers, business entrepreneurs and people from various walks of life in attendance.

    The roads leading to the venue was jam packed with vehicles, gaily dressed people of all ages, everyone seemed eager to troop to the venue for what is now termed the biggest fashion fair in Africa.

     The eight edition of the highly anticipated fashion weekend taking place at the GTCentre, Plot 1 Water Corporation Drive, Oniru, Lagos, has redefined style and elegance while propagating the local for the global trend.

    A visit to the massive electrifying arena throws light on why the fashion weekend is fast becoming one of the most anticipated events in Africa. The event defies age. It defies bureaucracy.

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    People of all ages are seen, beautifully and colorfully dressed without any air of inhibitions, networking and having fun.

    The GTCO is an annual free initiative by GTB designed to spotlight Africa’s fashion creativity on the global stage while supporting the growth of the continent’s fashion industry.

    The two-day event offers guests a captivating experience of Africa’s most exciting designs and trends.

    It also provides emerging fashion businesses in Nigeria with a valuable opportunity to reach more consumers and engage industry experts at no cost.

    The event will also include six masterclass sessions which will host internationally recognized professionals across fashion, modelling and makeup. Three masterclasses anchored by Bianco Saunders, Jade Oyateru and Melissa Butler  held yesterday while three others to be hosted by Maria Borges, Christina Tegbe and Patrick Ta will be holding today.

    Yesterday’s event closed with a series of epic runway shows featuring Africa’s finest designers and renowned international designers while today’s event will also end with the Runway shows.

    For this year’s edition, there are 12 runway shows. The designers taking the runway this year include Mulawwan, Sassy By Etty, Illona Atelier and Nya Lagos.

    Segun Agbaje, Group CEO of Guaranty Trust Holding Company Plc, disclosed that the fashion weekend aims to showcase talent and innovation across the continent and also to “inspire shared, sustainable, and people-centered growth.

    “Our focus every year remains Promoting Enterprise. By bringing together emerging and established voices in fashion, we continue to highlight the ingenuity and diversity that define African creativity, while reaffirming our commitment to promoting enterprise in ways that enrich lives and strengthen communities,” he said.

    “Looking ahead our goal is not only to showcase the remarkable talent, innovation, and enterprise that define the continent’s fashion landscape, but also to inspire shared, sustainable, and people-centered growth.”