Business
MAN Calls on NAFDAC to Suspend Sachet Alcohol Ban
MAN urges NAFDAC to halt its sachet alcohol ban, warning it threatens jobs, indigenous producers, government revenue, and could boost illicit products
The Manufacturers Association of Nigeria (MAN) has called for restraint following NAFDAC’s renewed ban on sachet alcoholic beverages, warning the move could disrupt businesses, threaten jobs, and harm the Nigerian economy.
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MAN’s Director General, Segun Ajayi-Kadir, said the ban contradicts the Federal Government’s directive and earlier resolutions by the House of Representatives, which had restrained NAFDAC from taking punitive action against sachet and PET bottled alcohol.
He cautioned that banning the products would push consumers toward illicit, substandard alternatives, deny adult consumers affordable options, and reduce government revenue from local producers.
Ajayi-Kadir stressed that sachet alcohol is produced under hygienic conditions and certified by NAFDAC and other regulatory agencies.
The MAN DG also highlighted that the industry has actively promoted responsible consumption and spent over N1 billion on campaigns to prevent underage abuse.
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He urged the Federal Government to intervene and ensure NAFDAC suspends the ban, allowing local manufacturers to operate profitably while adhering to regulations.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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