News
Progenics Updates Staff Knowledge, Promises Better Customer Experience
Progenics Corp Limited has set its sights to utilize new technology platforms to keep pace with the fast changing landscape in software and sundry technology systems.
To achieve this, the company recently concluded a five-week systems development training program for her systems developers to keep them up-to-date with global trends and to be abreast of challenges in developing complex upgraded solutions to satisfy their customers’ needs.
Consultants from various parts of the world were invited to train and introduce to the company’s staff the latest tools for application development.
Commenting on the rationale behind the training, Mr. Femi Akintoye, Progenics executive director stressed that since the firm is committed to bridging the gap caused by inadequate utilization of applications as a whole in the government and other sectors of the economy, constant staff training and re-training, as a matter of policy is at all times taken seriously by Progenics Corp Limited.
According to him, “manpower development is very important to us because the rate of technology change globally is very rapid. There are always new ways of doing things so one needs to remain up to-date as far as technology is concerned in Nigeria and the world at large.”
Speaking further, he insisted that constant training programmes conducted for staff of the company both within and outside the country, are part of the reasons the company can comfortably boast of a good number of staff that possess the highest levels of certifications including, but not limited to the Oracle and Cisco platforms.
Expected to benefit immensely from the regular knowledge upgrade are consumers of Progenics products and services.
The company promises that clients will experience a major upgrade that will significantly enhance their applications as a result of this training.
Mr. Akintoye reiterated that the company is set to fully meet the changing demands of its customers by providing relevant technologies that will also ensure that the company remains relevant in the market.
Mr. Remi Alabi, head, applications development Progenics, explained that “We are breaking down technology barriers by developing applications in a manner where if you want to use a device like laptop, desktop or mobile phones, you can access your applications and get the information you want. We want to empower our customers to be able to take business decisions on the move”.
Mr. Alabi explained that, as technology is evolving, Progenics is already in the forefront of harnessing current technology, which the training has impacted in their developers, making them currently ahead of their peers. “With the training, our developers are a step ahead of others in the industry”.
Progenics Corp Limited, the multiple award winning technology powerhouse in Nigeria, currently parades cutting edge solutions in the financial services, government and energy sectors with such top-rated solutions like SymbolsM, SymbolsInvestment, SymbolsFinancials, as well as leading e-government solution, GovAc.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
News
NRS Takes Over Mineral Royalties Collection Under New Tax Laws

Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS
The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.
Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.
NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.
Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.
The move aims to streamline revenue collection while fostering mining growth.
General News2 days agoFG, Others Say Nigeria Wastes 38m Tonnes of Food Annually
E-Financial2 days agoCBN, Banks, Fintechs Launch PSPC to Boost Nigeria’s Payment System
News2 days agoNITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth
E-Financial2 days agoCycleFlow, IFC Launch Supply Chain Finance Platform in Nigeria
E-Financial2 days agoAnchor Gets Nigerian, Canadian Licences as Transactions Crosses $2.5Bn
E-Financial2 days agoEcobank Assures of Seamless Easter Banking Services
News2 days agoNRS Takes Over Mineral Royalties Collection Under New Tax Laws
E-Financial2 days agoN4.65 Trillion in the Vault, but is the Real Economy Locked Out?













