Business
Banks, Insurance Firms Erect Stands At Trade Fair
Five banks and two
insurance companies have erected stands on the first day of the ongoing Lagos International Trade Fair.
The Tide source reports that the banks are Union Bank, First Bank, Stanbic IBTC Bank, Bank of Industry (BoI) and LAPO Microfinance Bank.
The insurance companies at the fair are Nigeria Deposit Insurance Corporation (NDIC) and Cornerstone Insurance.
Most of them, however, are yet to commence operation.
A worker of Union Bank, who pleaded anonymity, said that the bank would commence operation before the end of the day.
Also, a First Bank worker said that the bank was accepting cash deposit but yet to commence over the-counter cash withdrawal and ATM withdrawal.
Our soruce reports that the fair, organised by the Lagos Chamber of Commerce and Industry (LCCI), began on November 4 and will end on November 13.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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