The queues for Premium Motor Spirit, popularly called petrol, grew worse on Tuesday following an earlier directive to shut down filling stations by the Independent Petroleum Marketers Association of Nigeria (IPMAN). Although the directive was later withdrawn, it was observed that the order triggered fuel queues in many parts of[Read More…]
Author: Godwin Anyebe
FG Rakes In N3.63bn From Postal Service
The National Bureau of Statistics (NBS) said the Nigerian Postal Service raked in N3.63 billion in 2021. The collection, however, dipped by 22.79 per cent compared to the revenue that it earned the previous year, according to the document titled: ” Nigerian Domestic and amp; Foreign Debt Q3 2022.” The[Read More…]
Summit focuses on impact of data mining, policy shift on marketing, consumers
The fourth edition of ‘The Industry Summit/Awards’ has released the theme and topics for the 2023 summit, which focus on effective usage of data for intelligence in marketing and impact of government policy on fast moving consumer goods. This year’s theme is “How Marketers Should Handle 2023’ and the summit[Read More…]
Rite Foods Limited Leads in Sustainable Innovation with Refreshing Pan-African Brands
With a diverse range of unique products and a commitment to Africa, Rite Foods Limited, a Truly World-Class company in Nigeria’s food and beverage industry has continued to demonstrate its market leadership position as it embarks on adequate research and development to deliver unique brands that cater to the needs[Read More…]
Buhari seeks 7 days to decide on currency redesign crisis
Amidst the current crisis trailing the naira redesign and distribution, President Muhammadu Buhari has said he would in one week to take a major decision. A statement by his media aide, Garba Shehu on Friday, said Buhari’s request is sequel to a meeting he held with members of the Progressive[Read More…]
CSR: Rotary Club of Lagos Donates Boreholes to Ogun Community
In furtherance to its humanitarian services and ensuring that the world becomes a better place, the rotary club of Lagos has donated ten boreholes to Cocker community in Ifo local government, Ogun State. Speaking at the commissioning ceremony of the project yesterday in Ogun State, the President, Rotary Club of[Read More…]
Gofam Communications announces digital platform for MediaConsortium
MediaConsortium a brands, business and marketing magazine has gone online, with the url- www.mediaconsortiumng.com Gofam Communications, owners of the all gloss magazine, made this known via a statement on Wednesday in Lagos. It says the idea is to give the magazine an online presence and to enable it service the[Read More…]
OPEC Says Nigeria’s Oil Output Rises By 4% To 1.235 mb/d
Nigeria’s oil output rose by four per cent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November 2022. On Year-on-Year, YoY performance, the nation’s oil output also increased to 1.235 mb/d in December 2022, from 1.197 mb/d in the corresponding period of[Read More…]
Subsidy: Fed Govt Borrowing To Import Fuel – Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the[Read More…]
FCCPC to collaborate with SON, NAFDAC to enforce regulation, penalties
The Federal Competition and Consumer Protection Commission (FCCPC), through Babatunde Irukera, the Vice Chairman and Chief Executive Officer, said the commission moved into the 2023 activities with a plan to enforce more penalties. The Commission boss noted that there would be more collaboration with Standards Organisation of Nigeria (SON) and[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]