Business

NAFDAC ALERTS NIGERIANS OVER ADULTERATED SPRITE

Published

2 years ago

June 29, 2023

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The National Agency for Food and Drug Administration and Control, NAFDAC, has issued a public notification regarding a batch of adulterated Sprite 50cl glass bottles circulating in Nigeria.

According to a statement released on Wednesday, the agency’s post-marketing surveillance unit discovered the issue following a consumer complaint, leading to an investigation.

Upon investigation at the point of purchase and the supplier’s address, NAFDAC found that over five crates of the implicated batch of Sprite 50cl glass bottles were contaminated with particles.

The agency has taken samples from the affected batch for laboratory analysis at the NAFDAC laboratory. It has also instructed all zonal directors and state coordinators to conduct surveillance and remove the contaminated batch from circulation.

To address the situation, NAFDAC will conduct a comprehensive inspection of the manufacturing site to identify the root cause of the adultration and ensure compliance with marketing authorization.

Furthermore, the Nigerian Bottling Company Limited (Abuja plant), the manufacturer of the product, has been directed to recall the adulterated batch and cooperate with NAFDAC for monitoring purposes.

The specific details of the affected product are as follows:

Product name: Sprite 50cl glass bottles Product manufacturer: Nigerian Bottling Company Limited (Abuja plant) Batch Number (BN): AZ6 22:32 Manufacturing Date (MFD): 180423 Best Before Date (BB): 180424

NAFDAC urges distributors, retailers, and consumers to exercise caution and vigilance to avoid consuming, selling, or distributing the adulterated product. It advises carefully checking the authenticity and physical condition of the products.

Individuals in possession of the mentioned batch of Sprite 50cl glass bottles are advised to submit their stock to the nearest NAFDAC office. Anyone who has consumed the product or experienced adverse reactions after consumption is urged to seek immediate medical advice from a qualified healthcare professional.

The public is encouraged to report any suspicions of the distribution and sale of contaminated packaged food products to the nearest NAFDAC office, contact NAFDAC directly at 0800-162-3322 or via email at sf.alert@nafdac.gov.ng.

Consumers are also encouraged to report any adverse events or side effects related to the consumption of adulterated packaged food products to the nearest NAFDAC office or through the available e-reporting platforms on the NAFDAC website (www.nafdac.gov.ng). They can also use the Med-safety application, available for download on Android and iOS stores, or email: pharmacovigilance@nafdac.gov.ng .

Business

OPEC+ Output Dips as Nigeria, Libya, Venezuela Miss Targets

Published

1 week ago

November 5, 2025

By Onyeanya Ebere Immaculata

Crude oil production in Nigeria, Libya, and Venezuela fell in October, slowing overall OPEC+ output and undermining the group’s monthly targets.

Reuters reported that OPEC+ added only 30,000 barrels per day (bpd), in October, down sharply from September’s 330,000 bpd increase. Nigeria’s output, which briefly reached 1.5 million bpd in July, slipped back to 1.3 million bpd in September.

NNPCL CEO Bayo Ojulari attributed the decline to industrial disputes involving Dangote Refinery and petroleum unions NUPENG and PENGASSAN.

Oil prices fell amid global market weakness and a stronger U.S. dollar. Brent crude dropped 6 cents to $64.38 per barrel, WTI lost 10 cents to $60.46, and the OPEC Basket fell 0.26 cents to $66.72.

Analysts noted that rising U.S. crude inventories and negative risk sentiment pressured the market.

OPEC+ plans to raise output by 137,000 bpd in December but will pause increases in early 2026, a move analysts say is unlikely to boost prices in the near term.

Business

Onafowokan Unveils Africa’s Largest Fibre-Optic Cable Plant in Ogun

Published

2 weeks ago

November 4, 2025

By Samson Adeyanju

Chairman of Coleman Technical Industries, Asiwaju Solomon Onafowokan, has inaugurated Africa’s largest fibre-optic cable factory in Sagamu, Ogun State, to boost Nigeria’s digital infrastructure and reduce reliance on imports.

The launch, which marked Coleman’s 50th anniversary, drew senior government officials and telecom executives.

The 350,000-square-metre facility can produce 9 million kilometres of fibre-optic cable yearly, alongside smelting units for aluminium and copper.

Onafowokan said the project reinforces Coleman’s commitment to local manufacturing and supports the government’s digital economy agenda, targeting ₦15 trillion in domestic and export revenue.

President Bola Tinubu, represented at the event, lauded the project as a milestone for industrial diversification and broadband expansion.

The Minister of Communications, Dr. Bosun Tijani, also announced a $500 million World Bank-backed partnership to deploy 90,000 kilometres of fibre nationwide.

Business

Private Sector Key to Africa’s Growth Under AfCFTA -Randle

Published

2 weeks ago

October 29, 2025

By Omoniyi David

Chairman of the NEPAD Business Group Nigeria (NBGN), Bashorun J. K. Randle, has emphasized the vital role of the private sector in driving Africa’s economic growth under the African Continental Free Trade Area (AfCFTA).

Randle made the remark ahead of a high-level business forum scheduled for October 30, 2025, at Eko Hotels & Suites, Lagos, themed “Mobilising Africa’s Private Sector for AfCFTA towards Africa’s Economic Development Amid Global Uncertainty.”

He said Africa’s economic transformation depends on the active participation of private enterprises, noting that the forum seeks to develop strategies to boost intra-African trade, industrial competitiveness, and inclusive prosperity.

According to NBGN, the event will promote partnerships and dialogue on policy alignment, trade facilitation, investment promotion, and value-chain development among African economies.

Participants are expected from government agencies, financial institutions, business associations, and regional economic communities across the continent.