•Segun Ajayi-Kadir The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has regretted the exit of multinational consumer goods manufacturer, Procter & Gamble from Nigeria, saying that more manufacturers may follow suit. He said until the federal government takes clear redefined measures to address chal...
•CBN governor, Yemi Cardoso The manufacturing sector suffered a 400 percent increase in net foreign exchange loss to N466 billion in nine months ending September, reflecting the severe impact of the foreign exchange (Forex) market regime. Sector operators said the current forex situation has compounded the pressures emanating from the removal ...
There is a scarcity of money in the commercial banks in Imo State, leading to commercial banks starting to make low cash payments to their customers. This situation has continued to cause concerns for bank customers as they are unable to withdraw the actual amounts they intended to collect from the bank, reports Sunday Tribune. […]
•Smugglers buying fuel Taiwo Josu, a young lady in her 20s, strapped a school bag on her back; another of such bag was fastened on her chest, while a sack sat on her head. She appeared like someone set for the space, as she walked slowly under the heavy weight of what she carried this […]
•Asue Ighodalo Nigerian Breweries Plc has announced changes to the composition of its board of directors with the resignation of the chairman, Mr Asue Ighodalo. The company’s secretary, Mr Uaboi Agbebaku, made this known via a notification to the Nigerian Exchange Ltd yesterday in Lagos. Agbebaku said Ighodalo informed the company of his decis...
Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria days after announcing a $72m loss in its financial statement for the third quarter of the year. Checks on the company’s reviewed price list showed a 20 per cent per cent hike in the company’s packages across the board, reports Saturday PUNCH. […]
The Organised Private Sector (OPS) is worried that the trend of increased mass exodus, plans to exit and a reduction in involvement in the Nigerian market by multinational corporations are a threat to the Nigerian economy. To this end, the OPS has advised the government to implement measures to stabilize and ensure the availability of [&hellip...
The Nigerian National Petroleum Company Limited (NNPCL) says it discovered over 4,800 illegal connections on oil pipelines in the country in what is a grim picture of the country’s major income earner. “We have over 4,800 illegal connections on our pipelines. That means in some lines, within 100 kilometres of pipelines, you have as much [&hell...
Director General of Debt Management Office (DMO), Ms. Patience, today, disclosed that the country’s debt stock stands at N87.37 trillion as at September 30, 2023. Ms. Oniha who disclosed this during an interactive session held at the instance of House Committee on Appropriations chaired by Hon. Abubakar Bichi, however, noted that while justify...