Tag Archives: worth

Who in the world’s just got richer? The 500 worth over $10 trillion

Who in the world's just got richer? The 500 worth over $10 trillion

Elon Musk’s backing of Donald Trump – now President-elect – ahead of the US elections proved to be a triumphant decision for the billionaire whose companies include Tesla Inc, SpaceX and xAI. ADVERTISEMENT The huge rise in the value of technology stocks in 2024 has vastly increased the already unimaginable wealth of the world’s 500 richest people, according to the …

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NAFDAC seizes unregistered Food products worth over N3.8 Billion in Lagos

NAFDAC seizes unregistered Food products worth over N3.8 Billion in Lagos

The National Agency for Food and drug Administration and Control’s Investigation & Enforcement Directorate have raided a warehouse at Apongbon Oke Arin Market, following a tip-off about the sale of unregistered food products.   Various unregistered items valued at N3,818,802,720 were seized during the operation and the facility has been placed on hold pending further investigation. The warehouse management has …

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NAFDAC seize N5bn worth of counterfeit rice

NAFDAC seize N5bn worth of counterfeit rice

In a major enforcement operation, the National Agency for Food and Drug Administration and Control NAFDAC has shut down eight rice shops and a warehouse in the Karu Local Government Area of Nasarawa State.    In a statement released today, the agency said the facilities were implicated in producing and distributing counterfeit rice, leading to the seizure of over 1,600 …

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NAFDAC shuts down Eziukwu market in Abia over fake and expired products worth N5 Billion.

The National Drug Agency for Food and Drug Administration and Control NAFDAC has shut down 150 shops at Eziukwu Market, Aba, Abia State, during a two-day operation on December 16 and 17, 2024.    The team uncovered large-scale production and distribution of fake and expired goods, including beverages, carbonated drinks, wines, spirits, vegetable oils, and revalidated food items such as …

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Woman reveals statement her father made to her that destroyed her self worth

Woman reveals statement her father made to her that destroyed her self worth

A woman has revealed that she is estranged from her biological father because of his attitude towards her.  She explained that he allegedly abused her when she was 13 and when she confronted him about it, he gaslighted her.  Then when she turned 18, she said her father whispered in her ear, “I almost forgot you were my daughter”.  She …

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NAFDAC bursts makeshift factory in in Lagos Island where fake alcoholic beverages are being produced; seize products worth N180m

NAFDAC bursts makeshift factory in in Lagos Island where fake alcoholic beverages are being produced; seize products worth N180m

Operatives of the National Agency for Food and Drug Administration and Control NAFDAC, have raided a makeshift factory in Oke Arin market, Lagos Island, following a complaint about the illegal production of alcoholic beverages.   A statement from the agency says three men were apprehended and various counterfeit alcoholic drinks, empty bottles, and packaging materials were seized. The products, valued …

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Two Nigerian men caught with drugs worth over N111m in South Africa

Two Nigerian men caught with drugs worth over N111m in South Africa

Two undocumented Nigerian nationals have been remanded in custody in South Africa for drug related charges.   The suspects, Ikemukwu Benjermin Ezirim, 39. and Christian Valentine Uchenna, 37, appeared in the Volkrust Magistrate’s Court in Mpumalanga on Friday, November 29, 2024.    Captain Dineo Sekgotodi, spokesperson of the Directorate for Priority Crime Investigation, also known as the Hawks, said the men …

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NAFDAC seizes N300 million worth of fake medicines in Lagos raid (photos)

NAFDAC seizes N300 million worth of fake medicines in Lagos raid (photos)

NAFDAC seizes N300 million worth of fake medicines in Lagos raid.   The Investigation & Enforcement team of the National Drug has uncovered a trove of counterfeit medicines during a raid at Tyre Village, Trade Fair Complex, Lagos State. The operation led to the seizure of fake pharmaceuticals, including Amoxicillin 500mg, Ampiclox capsules 500mg, and packaging materials for Augmentin capsules …

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