Business
CBN injects $197.71m to boost forex liquidity

On Friday, the Central Bank of Nigeria (CBN) sold 197.71 million dollars to authorised dealers in the foreign exchange market.
The apex bank’s Director of Financial Markets Department, Dr Omolara Duke, disclosed this in a statement on Saturday in Abuja.
She noted that the intervention aligned with the apex bank’s ongoing commitment to ensuring adequate liquidity and supporting orderly market functioning.
According to Duke, the move reflects the CBN’s broader objective of fostering a stable, transparent, and efficient foreign exchange market.
She said the decision was largely influenced by recent movements in the FX market, driven by the announcement of new U.S. tariffs and declining crude oil prices.
“The CBN has observed recent fluctuations in the foreign exchange market between April 3 and April 4.
These are reflective of broader global macroeconomic shifts currently impacting several emerging markets and developing economies.
“These developments stem from the recent announcement by the United States government of new import tariffs on goods from several economies, triggering a period of adjustment across global markets,” she said.
Duke further said that crude oil prices had dropped by over 12 per cent, falling to approximately 65.50 dollars per barrel, introducing new challenges for oil-exporting nations like Nigeria.
She said that the CBN would continue to monitor both global and domestic market conditions.
She expressed confidence in the resilience of Nigeria’s foreign exchange framework, which is designed to adjust to evolving economic fundamentals.
“All authorised dealers are reminded to strictly adhere to the principles outlined in the Nigerian FX Market Code and uphold the highest standards in their dealings with clients and market counterparties,” she said.
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Business
The unhealthy side of unbranded MSG

The authenticity that comes with branded products in the endorsement of regulatory agencies is what stands them out from competing brands, even counterfeits. In Nigeria, the National Agency for Food Drug Administration and Control, NAFDAC, continues to take measures against counterfeit products for the well-being of Nigerians. The particular case of combating the sale and distribution of sub-standard, unbranded, and rewrapped monosodium glutamate (MSG) products comes to mind.
What is MSG?
Monosodium glutamate (MSG), also known as sodium glutamate, is a flavor enhancer that is widely used to promote/intensify and enhance savoury taste and flavors in sauces, meats, broths, soups, and many more foods. MSG is made by fermenting starch, sugar beets, sugar cane, or molasses. The fermentation process uses microbes that consume glucose, releasing glutamic acid. The glutamic acid is then neutralized and crystallized to produce MSG.
NAFDAC and the World Health Organization have classified MSG as a food ingredient that is safe and healthy for consumption. This has helped to bar many myths such as MSG causing severe headaches and other health challenges; also, that it’s only found in Asian food, Conversely, most scientific evidence indicates MSG is safe for consumption in typical amounts and glutamate is a naturally occurring amino acid found in many foods we eat, including tomatoes, meat, fish, eggs, cheese, corns and nuts.
NAFDAC’s Measures Against Unbranded MSG
In recent years, there has been a huge infiltration of some markets in the parts of Northern Nigeria with substandard, unbranded, and rewrapped MSG products which has led NAFDAC to implement painstaking measures.
Some of the measures include strict product registration requirements, rigorous market surveillance, consumer education campaigns, handheld technology for on-site testing (like TruScan), and the Mobile Authentication Service (MAS) which allows consumers to verify product authenticity through a unique scratch-off code and SMS verification.
All these measures are essentially to ensure all products are properly labelled and meet quality standards before reaching the market. Also to empower consumers to easily identify potentially fake products at the point of purchase.
Despite all of these thorough measures, unbranded and substandard MSG continues to flood the Northern market with health experts raising alarm over the impending health implications.
The Dangers of Unbranded MSG
Just as counterfeit products can be very dangerous to the health and safety of the customer, ingesting substandard, unbranded, and rewrapped MSG is unsafe, too.
It poses potential health risks in the use of second-rate materials or contaminated harmful substances that can cause serious health issues like liver and kidney damage to cardiovascular problems. Beyond the substandard quality is the unhygienic environment they are produced, stored and packaged; all of these points to serious health challenges.

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The challenges of counterfeit products are not new in Nigeria, only that its rise has been alarming lately, with the overwhelming counterfeiting of medicines, and alcoholic and non-alcoholic beverages- a very unfortunate situation that has raised serious concerns among health experts.
In 2024, it was reported that over N500m worth of fake drinks were seized in Lagos State, one can only imagine what must have happened in other parts of the country. The same goes for counterfeit medicines which had resulted in the deaths of many and closure of pharmaceutical stores nationwide.
The health risks of substandard and unbranded MSG begin with the fact that they are adulterated which can cause allergic reactions, organ damage in heart, kidney, and liver. It can also cause cancer due to the carcinogenic properties of some of the substandard materials used in their production. In all of these, the unsuspecting buyers are shortchanged because they are not getting real value and will also suffer severe health challenges causing harmful, and sometimes fatal, consequences.
The North and Unbranded MSG: Way Forward
The huge infiltration in the Northern market needs to be seriously attended to, bringing all-hands-on-deck to save unsuspecting buyers. The objective will be to ensure the safety of customers and ensuring they get their money’s worth in the purchase of MSG. To achieve this, NAFDAC needs to double-down on these merchants of death who are selling unbranded and substandard MSG in the markets.
The war against these unbranded and substandard MSG should involve the Nigeria Customs because some of them are illegally imported and criminally distributed in the market. The sad part is that the merchants know these but greedily prefer to make profit at the expense of their fellow men’s well-being.
In as much as we can’t leave out the economic challenges which fuelled the purchase of these products, the health implications are grave enough to continually sensitise the public. From their uninviting sights in the marketplace to the unhygienic displays in uncovered sacks and tin cans for measurements or on trays in transparent nylons are pointers to the fact that they are unhealthy.
Awareness should be created on the essence of quality above quantity with a message informing/educating on the purchase of branded MSG which comes in sachets and have NAFDAC approval- two factors that authenticate these brands. The various leading brands in the MSG segments too should pull their weight in this sensitisation campaign to save the industry because not only will it affect their revenues but also damage the image of their brands.
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Business
Premier League top-four race heats up in crucial weekend clashes

The battle for Champions League qualification intensifies this weekend with several high-stakes fixtures across the Premier League. The headline clash
read more Premier League top-four race heats up in crucial weekend clashes
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Business
Best sites to buy real & active Nigerian followers (Trusted 2025 List)

In 2025, growing an authentic social media presence in Nigeria has never been more competitive. Whether you’re an influencer, entrepreneur, or small business owner, visibility matters. With more Nigerians consuming digital content daily, standing out online is essential.
While organic growth is ideal, it can be slow and unpredictable. If you’re looking to boost your online presence quickly, buying real and active Nigerian followers can help you gain traction, improve your credibility, and even attract brand deals. But not all follower services are created equal.
To help you make the right choice, we’ve curated a trusted 2025 list of the best sites to buy real Instagram followers in Nigeria, with a focus on authenticity, fast delivery, and safety.
Why Buy Nigerian Followers in 2025?
The social media game has changed. Algorithms now favor accounts with high engagement and consistent growth. Buying followers, when done the right way, can give your page a much-needed push into trending territory.
However, the goal isn’t just numbers, it’s real people, real engagement, and real value. That’s why the sites listed below prioritize quality over bots and offer Nigerian-targeted followers that align with your brand.
Top 5 Trusted Platforms to Buy Real & Active Nigerian Followers
1. The Owlet ⭐ Top Pick
If you’re looking for the #1 platform for Nigerian creators, look no further. The Owlet is built specifically for African influencers and creatives.
100% real Nigerian users
Nigeria’s first-ever SMM platform since 2020
Fast delivery (often within minutes)
24/7 customer support
Money-back guarantee
Over 60 million orders completed
Add-on engagement options (likes, comments, shares)
Link up with The Owlet to kickstart your journey today!
🔗 the-owlet.com

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2. NaijaBoostsPlug
Known for its affordable tiered pricing and volume discounts, NaijaBoosts is great for those starting small or scaling big.
Packages range from 500 to 100,000+ followers
Nigerian-targeted audience
Optional auto-renewal for consistent growth
3. TheFastestBoost
This platform is all about speed and transparency. Once you place an order, you get real-time tracking of your follower delivery.
Multiple payment systems
Drip-feed feature
Delivery within 5–15 minutes
4. Cresthub
This platform is all about speed and transparency. Once you place an order, you get real-time tracking of your follower delivery.
Boosts visibility on the For You Page
Transparent tracking dashboard
Refill guarantee on any drops
5. Validnumbers
Validnumbers takes a hybrid approach, blending Nigerian and international audiences for influencers seeking a global reach.
Combines local + global followers
Offers comment/like bundles for better engagement
Manual review for authenticity before delivery
What to Look for When Boosting Followers
Not all platforms are safe or effective. Here are a few must-haves when choosing where to buy:
Real Users Only: Avoid bots or fake accounts that could get you flagged.
Targeted Demographics: Local followers perform better for engagement and brand alignment in Nigeria.
Fast but Safe Delivery: Instant drops are cool, but steady growth looks more natural.
Customer Support: Reliable help if anything goes wrong.
Refund or Refill Policies: Safety nets matter in case of drops or delays.
What People Are Saying
“I used The Owlet to grow my fashion page, and I got over 5,000 Nigerian followers in less than a week. My engagement also improved. Highly recommend it!” – @stylebyoma
“NaijaBoostPlug helped me cross the 10k follower mark right before a brand collab. The process was seamless and real followers kept coming in after.” – @chefdayo
“Been stuck at 30k followers for over 2 years on Twitter till i discovered owlet online, i’m almost at 40k now and still growing. Tap into this grace asap http://the-owlet.com” – @AWholeSalmanPR
Been stuck at 30k followers for over 2 years on Twitter till i discovered owlet online, i'm almost at 40k now and still growing. Tap into this grace asap pic.twitter.com/FHMx8DqN7U
— SALMAN👑 (@AWholeSalmanPR) February 28, 2025
Buying Nigerian followers in 2025 can be a game-changer, if done the right way. Whether you’re just getting started or trying to level up, these trusted platforms offer safe, fast, and effective ways to grow your social proof.
That said, don’t just rely on numbers. Combine this strategy with quality content and genuine engagement to build a powerful online presence that lasts.
Ready to grow? Join thousands of Nigerian creators using The Owlet to grow their audience today. Link up with The Owlet to kickstart your journey today!
_—_
#FeatureByTheOwlet
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