CBN’s reforms are attracting more foreign investors, says global, Nigerian analysts Major financial analysts across the global have expressed optimism that Nigeria’s investment climate has significantly improved, paving way for foreign investors swooping on Nigeria assets. According to the analysts the development has largely been spurred by the impact of the Central Bank of Nigeria (CBN) reforms in the financial sector now spreading across key sectors of the economy. The country is now getting a favorable nod from investors, pushing stocks higher and bond yields lower as painful reforms restore confidence. Already, Nigeria’s sovereign risk spread has fallen to the lowest level since January 2020, erasing the premium accumulated during the pandemic and subsequent strain on its economy. While US President Donald Trump’s widening trade war has taken emerging markets on a wild ride, Nigeria has quietly held its own, attracting foreign capital reassured by currency reforms and other measur...
NAFDAC Introduces New Technologies to Combat Fake Medical Products The National Agency for Food and Drug Administration and Control (NAFDAC) has unveiled new technologies to tackle the growing menace of substandard and falsified medical products, particularly in Nigeria’s Northwest Zone. Speaking at a sensitisation workshop in Kano, NAFDAC’s Director-General, Prof. Mojisola Adeyeye, represented by the agency’s Director of Post-Marketing Surveillance, Mr Bitrus Fraden, introduced three key initiatives—the GreenBook, Traceability Project, and Pediatric Policy. The “GreenBook” serves as a digital tool to help consumers identify and avoid fake or substandard products. The “Traceability Project” establishes a legal framework to track pharmaceutical products along the supply chain, ensuring authenticity. Meanwhile, the “Pediatric Regulation 2024” addresses the special medical needs of children by ensuring the safety and efficacy of paediatric medicines. “With...