Business

NAFDAC warns Nigerians against use of recalled Nivea Deodorant

Published

1 month ago

November 1, 2024

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NAFDAC warns Nigerians against use of recalled Nivea Deodorant

The National Agency for Food and Drug Administration and Control has warned Nigerians against the use of a recalled batch of Nivea Black & White Invisible Roll-on deodorant.

NAFDAC issued a warning against the product labelled as providing 48-hour protection in African climates, following an equal warning from the European Union Rapid Alert System for Dangerous Non-Food Products in Brussels.

In a statement released on Thursday, October 31, NAFDAC stated that the product’s batch number is 93529610.

“The recalled Nivea product is reported to contain 2-(4-tert-Butylbenzyl) propionaldehyde, a chemical prohibited in cosmetic products due to its potential to cause harm to the reproductive system, impair the health of an unborn child, and cause skin irritation and burns to users,” the agency explained

NAFDAC added that the product is manufactured in Germany with Bar Code Number 42299882. It advised importers, distributors, retailers, and consumers to exercise caution and vigilance within the supply chain to prevent the importation, distribution, sale, and use of the affected Nivea Roll-on with the specified batch.

“Members of the public in possession of the affected batch should cease sale or use and submit stock to the nearest NAFDAC office.

Healthcare professionals and consumers are encouraged to report any adverse events experienced with the use of regulated products to the nearest NAFDAC office, via pharmacovigilance@nafdac.gov.ng, E-reporting platforms available at www.nafdac.gov.ng, or through the Med-safety application available for download on Android and iOS,” it added

Business

First Bank Denies Losing N7 Billion To Fraud Incident, Says Report Is Unfounded

Published

60 mins ago

December 14, 2024

Ekwutos Blog

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Ekwutosblog has gathered that the First Bank of Nigeria (FBN) has denied losing N7 Billion to a fraud incident in the course of the year.

This was a response to an earlier report by a news platform (not CITyNEWS) that the bank lost the aforementioned amount to a massive fraud incident that affected customers’ funds.

“First Bank, Nigeria’s oldest bank, was hit by a massive fraud incident that led to the theft of ₦7 billion from customer accounts by unknown persons, according to one person with direct knowledge of the matter. Three other persons who asked not to be named discussing sensitive company matters confirmed the incident.”

In a statement sent to this publication, First Bank described the report as unfounded as it wasn’t based on any factual event.

“Correction of Misleading Information Regarding Fraud Allegations.

“We have been made aware of a recent publication by Tech Cabal containing allegations of fraud involving our institution. We wish to categorically state that the story is entirely unfounded and not supported by any factual evidence.”

Over the years, First Bank has built a strong reputation around seamless banking, safety of customers’ funds, excellent customer service, and several others.

For six consecutive years (2011 – 2016), FirstBank was named “Most Valuable Bank Brand in Nigeria” by the globally renowned The Banker Magazine of the Financial Times Group and “Best Retail Bank in Nigeria” eight times in a row, 2011 – 2018, by the Asian Banker International Excellence in Retail Financial Services Awards.

In 2023, FirstBank received notable awards including “Best Private Bank for Sustainable Investing in Africa 2023” by Global Finance Awards; “Best Sustainable Bank in Nigeria 2023” by International Investors Awards; “Best Bespoke Banking Services in Nigeria 2023” by International Investors Awards; “Best Financial Inclusion Service Provider in Nigeria 2023” by ’ by Euromoney Awards and ‘’Most Innovative Banking Brand – Nigeria 2023’’ by Global Brands Award.

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Business

Some foodstuff traders and consumers in Lagos state have expressed excitement over the recent drop in the price of beans.

Published

15 hours ago

December 13, 2024

Ekwutos Blog

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Some foodstuff traders and consumers in Lagos state have expressed excitement over the recent drop in the price of beans.

The traders expressed their joy in separate interviews with NAN on Friday in Lagos.

According to the report, there has been a slight drop in the price of beans that has consistently risen in the past few months…

Business

Naira Gains ₦14.94 in Official Market, Improves in Parallel Trade

Published

16 hours ago

December 13, 2024

Ekwutos Blog

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The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday.

According to data from the Central Bank of Nigeria, CBN, the naira closed at N1,532 per dollar on Thursday, improving from N1,545 recorded on Wednesday.

Similarly, data from FMDQ showed that the naira strengthened to N1,534.35 per dollar on Thursday, compared to N1,549.29 traded the previous day. This represents an appreciation of N14.94 against the dollar.

At the parallel market, the naira also gained trading between N1,640 and N1,680 per dollar on Thursday, compared to N1,710 on Wednesday, according to Abubakar Alhassan, a Bureau de Change operator in Wuse 4, Abuja.

Akelicious reports that the naira has experienced fluctuations throughout the week.

This volatility follows the recent introduction of the Electronic Foreign Exchange Matching System, EFEMS, by the CBN, aimed at ensuring more transparent FX transactions.

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