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Warehouse With ₦3bn Fake, Banned Cosmetics Uncovered In Lagos.

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Over ₦3 billion worth of banned and counterfeit cosmetics has been seized from a warehouse at the APT Trade Fair Complex in Lagos State.....KINDLY READ THE FULL STORY HERE▶

The National Agency for Food and Drug Administration and Control (NAFDAC) said the warehouse, hidden in an unfinished building, was discovered during an enforcement operation.

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Officials recovered 728 cartons of Crusader soap, 718 cartons of E45 soap, and Extract Gold whitening soap—all prohibited by the Federal Government—alongside assorted perfumes, body oils, and cooking oils, which are now under regulatory review.

“All seized products have been evacuated to prevent distribution,” NAFDAC stated, adding that the warehouse manager has been invited for further questioning.

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The agency warned that using banned or counterfeit cosmetics poses serious health risks and urged the public to report suspicious activities to the nearest NAFDAC office to help curb the spread of unsafe products.

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National Security At Risk? Shehu Speaks On Poor Military Budgeting.

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Public commentator Mahdi Shehu has expressed concern over what he described as inadequate funding for military equipment, warning that it could endanger the lives of soldiers in active service.....KINDLY READ THE FULL STORY HERE▶

In a post shared on his official X account on Monday, Shehu reacted to reports suggesting that only a small fraction of the Nigerian Army’s 2025 budget for security equipment has been released.

He stated that although over ₦20 billion was approved for the procurement of security equipment, only about ₦1.7 billion—roughly 7 percent—has reportedly been disbursed so far.

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Shehu questioned the possible impact of the funding gap on troop safety, suggesting it could be linked to growing battlefield casualties.

He also raised concerns about reported cases of soldiers abandoning their posts, implying that insufficient equipment and support may be contributing factors.

The commentator further asked what had become of funds borrowed in the name of addressing insecurity, calling for accountability in their use.

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Shehu also suggested that delays or restrictions in releasing security funds could have serious consequences for both military personnel and civilians.

He expressed worry that different levels of government may not be fully meeting their responsibilities in ensuring the safety of lives and property.

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Nigeria Feels Heat As US–Israel–Iran Tension Sparks Economic Pressure — Edun.

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Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the ongoing tensions involving the United States, Israel, and Iran are triggering global energy shocks that are contributing to rising inflation in Nigeria.....KINDLY READ THE FULL STORY HERE▶

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Ambassador Unveils Bold Agenda To Boost Nigeria–Israel Trade Relations.

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Nigeria’s Ambassador to Israel, Nkechi Ufochukwu, has stated that efforts are ongoing to strengthen trade relations between Nigeria and Israel as part of wider plans to enhance bilateral cooperation and economic growth.....KINDLY READ THE FULL STORY HERE▶

Speaking at a forum held over the weekend in Abuja, the envoy explained that boosting trade between both countries remains a key priority in her diplomatic mission.

She emphasized that her focus is on expanding the existing trade framework between Nigeria and Israel, describing it as essential to deepening economic ties and improving collaboration between both nations.

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Ufochukwu also noted that her agenda extends beyond trade, including the promotion of Nigeria’s culture, agriculture, and investment opportunities, as well as supporting training programmes in cybersecurity and information technology.

She assured stakeholders of her commitment to fully delivering on her responsibilities, adding that sustained communication and cooperation would be important in achieving set goals.

Participants at the forum highlighted the need for Nigeria to address structural barriers affecting business growth, while pointing to Israel’s innovation-driven economy as a model worth studying.

One of the attendees, Pastor Henry Opara, called for formal bilateral agreements, stressing that most current business interactions between both countries are informal and based on personal relationships rather than structured government frameworks.

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He argued that stronger government-to-government agreements would provide clearer rules and more stable economic engagement.

Similarly, the National Coordinator of the Nigeria–Israel Business Forum, Mrs. Florence Osuji, urged both countries to renew official trade agreements, noting that some existing arrangements have expired, leaving current trade relations without strong institutional backing.

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