Business Archives - Page 4 of 31 - Independent Digital News Network

Shettima to Lead FG Delegation to Kano After Singer Market Fire

Vice President Kashim Shettima will lead a Federal Government delegation to Kano following the devastating Singer Market fire Kano incident that reportedly destroyed goods worth billions of naira. President Bola Tinubu has ordered financial support for affected traders and a full investigation into recurring market fires in the state.

How Phone Interception Is Legally Authorised in Nigeria

IDNN3 months ago3 months ago0

Phone interception in Nigeria is tightly regulated under constitutional and statutory law. While the technology exists, access is restricted and subject to judicial authorisation. This explainer outlines who can legally intercept communications, under what conditions, and what safeguards exist to prevent abuse within Nigeria’s security and intelligence framework.

Soludo Says Sit-at-Home Suspension Is Driving Monday Trade Rebound in Onitsha

IDNN3 months ago3 months ago0

Anambra Governor Charles Soludo says the sit-at-home suspension trade rebound is becoming visible in Onitsha, with increased Monday market activity following recent security enforcement. He linked improved commercial turnout to restored public confidence, though no independent economic data has yet quantified the scale of recovery.

NAFDAC Denies FG Order Suspending Sachet Alcohol Ban, Calls Reports Misleading

IDNN3 months ago3 months ago0

The National Agency for Food and Drug Administration and Control (NAFDAC) has denied reports that the Federal Government suspended its sachet alcohol ban, describing circulating claims as misleading. The agency clarified that regulatory timelines remain unchanged and urged the public to rely only on official communications regarding enforcement decisions.

Arik Air Flight Returns to Lagos After Engine Anomaly, NSIB Opens Probe

IDNN3 months ago3 months ago0

An Arik Air engine anomaly forced a flight to return to Lagos shortly after takeoff, prompting a safety investigation by the Nigerian Safety Investigation Bureau (NSIB). The aircraft landed safely with no reported injuries, while regulators confirmed that standard aviation protocols were activated immediately.

Electricity Workers Issue 21-Day Strike Notice Over NESI Wage and Pension Dispute

IDNN3 months ago3 months ago0

Electricity workers have issued a 21-day strike notice over unresolved wage and pension claims within Nigeria’s power sector. The electricity workers strike notice affects operators across the Nigerian Electricity Supply Industry (NESI) and could disrupt national power supply if negotiations fail before the deadline.

NAFDAC Uncovers ₦3bn Fake Drug Syndicate in Lagos, Seizes Over 10 Million Doses

IDNN3 months ago3 months ago0

Nigeria’s drug regulator has uncovered one of the largest counterfeit medicine operations in recent years, seizing over 10 million fake and banned drug doses worth more than ₦3 billion in Lagos. The bust exposes a sophisticated international syndicate cloning life-saving medicines and pushing them into local markets, raising fresh alarms about public health safety and regulatory enforcement.

IMF Growth List Sparks Debate After Elon Musk Reacts to Nigeria Ranking

IDNN3 months ago3 months ago0

Nigeria’s inclusion on an International Monetary Fund list of top global growth contributors has triggered online debate after billionaire Elon Musk reacted to the ranking. While the IMF data reflects projected contributions to global growth, economists caution that headline figures often mask domestic pressures, turning the spotlight on how global metrics intersect with local realities.

Oshiomhole Says Viral Private Jet Clip Is AI-Generated

IDNN3 months ago3 months ago0

Former Edo State governor Adams Oshiomhole has dismissed a viral private-jet clip circulating online as an AI-generated fabrication, rejecting allegations implied by the footage. The claim has intensified scrutiny of manipulated media, as observers weigh the responsibilities of platforms, the speed of online amplification and the difficulty of verifying content in high-profile political disputes.

World Bank Praises Nigeria’s Reform Consistency as Tinubu Says ‘No Turning Back’

IDNN3 months ago3 months ago0

The World Bank has commended Nigeria for maintaining consistency in its ongoing economic reforms, while President Bola Tinubu reaffirmed his administration’s commitment to staying the course despite short-term pressures. The remarks come as the government pushes fiscal and monetary adjustments aimed at stabilisation, investor confidence and long-term growth.