Business
NAFDAC Shuts Down Bakery in Sokoto for Using Unfortified Sugar and Banned Bromate
The National Agency for Food and Drug Administration and Control (NAFDAC) has taken significant action by shutting down a bakery in Sokoto State due to its use of unfortified sugar and prohibited bromate. This decision follows a targeted raid conducted by NAFDAC officials.
Mr. Garba Adamu, the NAFDAC State Coordinator, announced on Friday that the bakery was found to be in violation of regulations that mandate the use of only fortified sugar, which must contain Vitamin A and other essential micronutrients.
This regulation is part of a broader Federal Government policy aimed at maximizing the nutritional benefits and health advantages of food products consumed within the country.
In addition to this bakery, six other establishments were also penalized for failing to maintain proper hygiene standards. Enforcement actions were led by Mr. Buhari Manzo as part of a heightened inspection effort across the state’s bakeries.
These inspections are crucial to ensure that bakeries do not use unauthorized substitutes such as saccharine in place of the regulated, fortified ingredients.
Mr. Adamu emphasized that NAFDAC is committed to rigorous enforcement to prevent the use of adulterated, counterfeit, unregistered, and expired products.
The agency plans to extend its monitoring operations to local government areas to further ensure that only hygienically prepared and correctly labeled food products are available to consumers.
He urged the public to be cautious when buying products and to report any suspicious or questionable practices to NAFDAC.
This ongoing vigilance is part of the agency’s mission to protect public health and ensure the safety and quality of food products throughout Nigeria.
Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
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