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NAFDAC And Dignity For Herbal Products

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Notaby, just as the glo
bally detested fake, substandard and counterfeited pharmaceutical products are very harmful and highly destructive to human health, so also are traditional /herbal products of similar status. Indeed, the Nigeria alternative medicine market is in dire need of modern sophistications, dynamic development  and critical overhaul for global competitive practice in the sector.
Historically, the use of medicinal herbal products in the curing and prevention of numerous diseases and ailments is ancient in practice. However, the emergence of western civilisation  brought in its wake, orthodox or modern medical practice.
Despite the various enormous technological and scientific sophistications that have characterized this mode of medication, it could be simply considered as an improvement on the aged traditional and ancient approach to medicine practice.
Such is its dependability and effectiveness in both curative and preventive medicine practice  that the usage of herbs  for medication purpose is maximally acknowledged and embraced globally particularly in Britain, United States of America, Germany, India, China etc.
It is in this regard that Nigeria, a highly revered Giant in the Africa continent has expressed outright unwillingness to be shoved aside as the world progressively tilts towards blending modern with traditional /herbal cum alternative medicine in an attempt to proffer  varieties of suitable medications for the avalanche of deadly diseases which abounds in all the nooks and crannies of the world.
Apparently, this explains the current posture of Government in this regard through the Dr Paul B.Orhii led National Agency for Food, Drug Administration and Control (NAFDAC) .
Undoubtedly, Indeginous herbal preparations or mixtures emanates from the blending of plants medicinal properties such as flowers, bark,  leaves ,roots, berries, seeds, fruits etc .
The end products which could be in form of dry extracts {ie capsules or pills},tinctures ,liquid extracts, oil, syrups, teas etc are used for the treatment of various ailments  and diseases.
They are equally termed as alternative ,complimentary or supplementary in medicine practice and therefore not alien.
In Nigeria, for instance, the ancient/traditional and seeming hereditary nature of its practice over the years seems to have encouraged its massive infiltration by quacks, illiterates and saboteurs who are merely masquerading as  herbal experts.
More embarrassing is the unsubstantiated and non-verified effectiveness , efficacy and potency claims ascribed to herbal products by marketers such that users are misled to believe that a single product can cure a retinue of   diseases including AIDS,HIV while at the same time boost sexual libido etc
Some herbal practitioners and marketers have resorted to unauthorised, desperate and highly insincere means of advertisement in a deliberately calculated attempt to fraudulently garner mass patronage from unsuspecting buyers including using NAFDAC numbers as a guarantee for their claimed herbal products efficacy and reliability.
These obnoxious practices  has in turn made herbal medicine practice an all comer affair with an attendant negative consequence on the innocent consumers.
As a legally authorised healthcare regulator, the onus of sieving the grains from the shafts rest on NAFDAC  which is determined to bring to bear on the sector outright sanity through thorough examination and standardization of the various processes, preparations and products culminating into effective and efficient herbal medicine practice.
It is in this regard that the agency has evolved  modernised scientific techniques to adequately regulate and promote herbal products manufacturing and marketing with a view to according it due relevance through proper repositioning for outright acceptability both locally and internationally.
NAFDAC is indeed determined to ensure that herbal medical products being put across to the public for use or consumption as a reliable means of medication are non poisonous{non-toxic},safe, non –complicative ,efficacious and are in accordance with globally acceptable /specified good manufacturing practice standards.
It is in an attempt to maximally guarantee safety for the human life ,that NAFDAC has urged all herbal medicine practitioners nationwide to henceforth forward mandatorily to it ,herbal preparations and products for a proper cum professionalised scientific and medical examination before being accorded a partial approval status known as NAFDAC Listing status which is not a guarantee on herbal products curative and preventive capacity or effectiveness efficacy which constitutes the first approval stage.
In the same vein permission/authorisation is to be compulsorily obtained from the agency by practitioners for their herbal products before being advertised for public acceptance and patronage in the mass media-Radio,T elevision, Newspapers, Magazines,Bill boards,Electronic boards, etc.This is believed will entrench sanity in herbal products advertisement.
Similarly ,the agency is putting in place a dynamic second and final herbal products approval phase which comprise scientific based herbal products efficacy/effectiveness verification mechanism which will involve series of clinical trials.
To this end, a high powered committee comprising seasoned intellectuals and scientific egg heads duly  sourced from both the academia universities and research agencies eg NIBRID has been constituted .
These medical and scientific Think-Tanks are to among other things, thoroughly examine, assess and consider herbal composition , preparations and products to ascertain efficacy status or where necessary ,recommend appropriate rectification  measures.
They are also to unfold the nature of government support or assistance required to upgrade herbal medicine practice through herbal products development and standardisation to compete with international quality efficacy and safety  output standards.
Furthermore, the agency has resolved not to rest on its oars as it has restrenthened its public enlightenment approaches and measures aimed at ensuring that herbal medicals  are effectively and efficiently regulated thereby ensuring that they are safe for use.
Interestingly, the agency has remained consistent in the hosting and co-ordination of enlightenment and interactive workshops for herbal practitioners and other stakeholders in the sector in an attempt to adequately equip and update them with modern requirements/international best practices as well as standards and knowledge in the development and upliftment of the sector.
Obviously, the social, political and economic benefits accruable to a nation from the production and marketing of herbal products are indeed enormous.
Apart from boosting foreign exchange earnings, creating employment opportunities, dignifying our nation and herbal products,it will further empower government to provide social amenities,avail the citizenry a reliable alternative source of health care while helping to ensure that our pride as a progressively focused nation is maximally sustained through the production of standardised life saving herbal medical commodities to mention but a few of its advantages.
Ideally, herbal products ability and competence must be thoroughly substantiated through necessary laboratory analysis and other relevant medical experimentations for curative and preventive assurance before favourable public pronouncement can be made on such products capacity .
It is only by so doing that herbal medicine can be maximally and relevantly integrated into the Nation’s healthcare delivery system to provide the required complementary, supplementary or alternative role.
In all, the various numerous and scintillating advantages ascribable to embracing of herbal products could become outrightly elusive if adequate urgent measures are not adopted to regulate, control and standardise its production and administration such that only very competent persons who are knowledgeable in herbal medicine composition, preparation and use are allowed access to its practice which invariably, is the position of NAFDAC as it relates to herbal medicine practice.

 

Martins Ikhilae

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NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

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NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
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Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

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Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
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Wema Bank Admits 10 Startups into Hackaholics 2026

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Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
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