Business

CBN denies introducing ₦5,000, ₦10,000 banknotes

The Central Bank of Nigeria (CBN) has debunked reports...

Fuel subsidy removal necessary, Nigerians should adjust spending — NIPPS Director-General

The Director-General of National Institute for Policy and Strategic...

LASBCA begins demolition of illegal structures as amnesty period ends

Lagos State Building Control Agency (LASBCA) has commenced the...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Education

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Toilet or restroom? Here’s why toilets have different names everywhere

Have you ever noticed that toilets aren’t always called...

How to differentiate phrases from clauses (Beyond finite verbs)

Many English learners struggle to tell the difference between...

NYSC’s N77,000 allowance: A reality check for corps members

The long-awaited increase in the NYSC allowance has finally...

JAMB reschedules 2025 Mock UTME to April 10

The Joint Admissions and Matriculation Board (JAMB) has announced...

Entertainment

Portable calls Zlatan Ibile an “up-and-coming artist”

Controversial Nigerian singer Portable has described his colleague Zlatan...

Segun Arinze reveals Nollywood’s biggest actor

Veteran Nollywood actor Segun Arinze has hailed Uzor Arukwe...

Top Gun and Batman actor Val Kilmer dies aged 65

Veteran Hollywood actor Val Kilmer has passed away at...

Oluwadolarz reveals how his stage name led to brand misconceptions

Content creator Oluwadolarz has shared the origin of his...

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Featured

Viral sweeper: The problem with Adetoun’s activism, outrage culture

I first came across the viral video posted by...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Ronaldo de Lima: The rise, fall, and triumph of one of football’s finest players ever

Ronaldo Luís Nazário de Lima’s path to greatness was...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Corps members and NYSC bye-laws

The recent controversy surrounding an NYSC corps member, Ushie...

Metro

LNSC apprehends two thieves in Lagos

While residents marked the Eid-el-Fitr celebrations, operatives of the...

Chess master Tunde Onakoya grants scholarship to daughter of viral sweeper

Renowned chess master and philanthropist Tunde Onakoya has stepped...

“It’s AI-generated” – Pastor Adeboye disowns videos of him advertising drugs

The General Overseer of the Redeemed Christian Church of...

“Hosts will do better, guests will do better” – Timi Dakolo, Apostle Lazarus settle differences

Timi Dakolo and Apostle Lazarus have reached an understanding...

Police foil ambush, arrest 13 kidnappers, recover arms, ammunition

The Nigeria Police has recorded a significant breakthrough in...

Technology

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Google unveils Gemini 2.5, an AI for advanced reasoning

The AI development at Google operates at full speed,...

Nigeria seeks Egypt’s expertise to strengthen power generation, rural electrification

The Federal Government has expressed its intention to learn...

3 simple ways to bypass YouTube ads without Premium

We all know YouTube ads can be distracting and...

Politics

Tinubu’s trip to France amid security crisis ‘shameful’ – Bode George

Former Deputy National Chairman of the Peoples Democratic Party...

Trump imposes 14% tariff on Nigerian imports amid global trade measures

U.S. President Donald Trump on Wednesday evening announced a...

Nationwide protest to repeal cybercrime act to begin April 7

A large-scale protest is scheduled to take place across...

Tinubu departs for working visit to Paris

President Bola Tinubu has departed Nigeria for Paris, France,...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

Health & Lifestyle

From diet to exercise: Home treatments to relieve arthritis pain, stiffness

Arthritis is a general term that describes a family...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

7 brain exercises to improve and boost your memory

Everyone experiences mental fog occasionally. Stress, aging, lack of...

LASHMA engages Lagos residents on Ilera-Eko

In a concerted effort to improve healthcare access and...

Lagos boosts family planning programme with donation from TCI

In a significant push for reproductive healthcare in Lagos...

Sports

Erling Haaland likely to miss the rest of the season due to injury

Manchester City striker, Erling Haaland is set to miss...

Tragedy in the ring: Nigerian boxer Olanrewaju ‘Success’ collapses and dies during bout in Ghana

Nigerian boxing has suffered a heartbreaking loss following the...

FKF hands goalkeeper Patrick Matasi 90-day suspension amid match-fixing probe

Kenyan goalkeeper Patrick Matasi is facing a provisional suspension...

Dani Alves acquitted as Catalonia High Court overturns conviction

The Catalonia High Court has acquitted Dani Alves following...

CAF confirms Egypt as 2025 U20 AFCON host after Ivory Coast withdrawal

The Confederation of African Football (CAF) has awarded Egypt...

Company

Business

CBN denies introducing ₦5,000, ₦10,000 banknotes

The Central Bank of Nigeria (CBN) has debunked reports...

Fuel subsidy removal necessary, Nigerians should adjust spending — NIPPS Director-General

The Director-General of National Institute for Policy and Strategic...

LASBCA begins demolition of illegal structures as amnesty period ends

Lagos State Building Control Agency (LASBCA) has commenced the...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Education

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Toilet or restroom? Here’s why toilets have different names everywhere

Have you ever noticed that toilets aren’t always called...

How to differentiate phrases from clauses (Beyond finite verbs)

Many English learners struggle to tell the difference between...

NYSC’s N77,000 allowance: A reality check for corps members

The long-awaited increase in the NYSC allowance has finally...

JAMB reschedules 2025 Mock UTME to April 10

The Joint Admissions and Matriculation Board (JAMB) has announced...

Entertainment

Portable calls Zlatan Ibile an “up-and-coming artist”

Controversial Nigerian singer Portable has described his colleague Zlatan...

Segun Arinze reveals Nollywood’s biggest actor

Veteran Nollywood actor Segun Arinze has hailed Uzor Arukwe...

Top Gun and Batman actor Val Kilmer dies aged 65

Veteran Hollywood actor Val Kilmer has passed away at...

Oluwadolarz reveals how his stage name led to brand misconceptions

Content creator Oluwadolarz has shared the origin of his...

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Featured

Viral sweeper: The problem with Adetoun’s activism, outrage culture

I first came across the viral video posted by...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Ronaldo de Lima: The rise, fall, and triumph of one of football’s finest players ever

Ronaldo Luís Nazário de Lima’s path to greatness was...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Corps members and NYSC bye-laws

The recent controversy surrounding an NYSC corps member, Ushie...

Metro

LNSC apprehends two thieves in Lagos

While residents marked the Eid-el-Fitr celebrations, operatives of the...

Chess master Tunde Onakoya grants scholarship to daughter of viral sweeper

Renowned chess master and philanthropist Tunde Onakoya has stepped...

“It’s AI-generated” – Pastor Adeboye disowns videos of him advertising drugs

The General Overseer of the Redeemed Christian Church of...

“Hosts will do better, guests will do better” – Timi Dakolo, Apostle Lazarus settle differences

Timi Dakolo and Apostle Lazarus have reached an understanding...

Police foil ambush, arrest 13 kidnappers, recover arms, ammunition

The Nigeria Police has recorded a significant breakthrough in...

Technology

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Google unveils Gemini 2.5, an AI for advanced reasoning

The AI development at Google operates at full speed,...

Nigeria seeks Egypt’s expertise to strengthen power generation, rural electrification

The Federal Government has expressed its intention to learn...

3 simple ways to bypass YouTube ads without Premium

We all know YouTube ads can be distracting and...

Politics

Tinubu’s trip to France amid security crisis ‘shameful’ – Bode George

Former Deputy National Chairman of the Peoples Democratic Party...

Trump imposes 14% tariff on Nigerian imports amid global trade measures

U.S. President Donald Trump on Wednesday evening announced a...

Nationwide protest to repeal cybercrime act to begin April 7

A large-scale protest is scheduled to take place across...

Tinubu departs for working visit to Paris

President Bola Tinubu has departed Nigeria for Paris, France,...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

Health & Lifestyle

From diet to exercise: Home treatments to relieve arthritis pain, stiffness

Arthritis is a general term that describes a family...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

7 brain exercises to improve and boost your memory

Everyone experiences mental fog occasionally. Stress, aging, lack of...

LASHMA engages Lagos residents on Ilera-Eko

In a concerted effort to improve healthcare access and...

Lagos boosts family planning programme with donation from TCI

In a significant push for reproductive healthcare in Lagos...

Sports

Erling Haaland likely to miss the rest of the season due to injury

Manchester City striker, Erling Haaland is set to miss...

Tragedy in the ring: Nigerian boxer Olanrewaju ‘Success’ collapses and dies during bout in Ghana

Nigerian boxing has suffered a heartbreaking loss following the...

FKF hands goalkeeper Patrick Matasi 90-day suspension amid match-fixing probe

Kenyan goalkeeper Patrick Matasi is facing a provisional suspension...

Dani Alves acquitted as Catalonia High Court overturns conviction

The Catalonia High Court has acquitted Dani Alves following...

CAF confirms Egypt as 2025 U20 AFCON host after Ivory Coast withdrawal

The Confederation of African Football (CAF) has awarded Egypt...

Company

Subscribe to newsletter

News Round The Clock

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Thursday, April 3, 2025
spot_img

More News

spot_img

Related Posts

Manufacturers reveal 300% increase in drug prices

The Pharmaceutical Manufacturing Group of the Manufacturers Association of Nigeria said pharmaceutical products (drugs) in the country have increased by 300 per cent.

According to the group, the challenges of foreign exchange, and the high cost of production are some of the factors responsible for the rise in costs of drugs.

Also Read: NBS REVEALS GOVT ACCRUED N2.3TN COMPANIES TAXES IN Q2 2023

Speaking in an interview on Sunday, the Chairman of PMGMAN, Oluwatosin Jolayemi, said pharmaceutical companies have difficulties accessing foreign exchange.

Jolayemi said, “Most pharmaceutical products have increased by 300 per cent because of the forex. We do not have the petrochemical industry and we do not have the Active Pharmaceutical Ingredient industry.

“For the API industry to survive, we need a petrochemical industry. The API cannot be easily achieved in Nigeria if we do not have the petrochemical industry because the API inputs that we will need to manufacture are still going to be imported and you still need forex, so forex is a major issue that is increasing the cost of drugs in the country.

“Most pharmaceutical companies, even before now have not been able to access forex in the banks so they have to access forex by export proceeds or parallel market, so the cost of goods will go up.

“The cost of production is going up, the cost of power is going up by 40 per cent.”

Mayowa Oladeji
Mayowa Oladeji
Mayowa is a senior writer at NRTC with many years experience as a multimedia journalist and news editor working with a range of high profile media platforms.

More to explore