The Major Oil Marketers Association of Nigeria latest industry data report revealed that Ex-depot price of Premium Motor Spirit popularly known as petrol has risen by 110 per cent in four months. The data showed that the ex-depot price rose from N148 per litre last October to an average of[Read More…]
Author: Godwin Anyebe
Buhari Signs Business Facilitation Bill into Law
President Muhammadu Buhari has signed Business Facilitation (Miscellaneous Provisions) Bill 2022 and five other bills passed by the National Assembly. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, made this known in a statement issued on Monday and titled ‘President Muhammadu Buhari Assents[Read More…]
Naira swap: NMDPRA to sanction fuel stations not accepting POS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets. This is contained in a statement by Mr Kimchi Apollo, General Manager, Corporate Communications and Stakeholders Management, NMDPRA, recently[Read More…]
NAFDAC sensitises journalists on dangers of bleaching creams
The National Agency For Food and Drugs Administration and Control (NAFDAC) has urged journalists in the country to join the collective effort on the dangers of bleaching creams. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, made the call at a Media sensitisation workshop on dangers of bleaching creams and regulatory[Read More…]
CBN Raises N277.47bn From Treasury Bills Market In January
Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills (TBills) market in January 2023. The apex bank carried out TBills auction twice worth N55.39billion in the first auction and N220.53billion in the second auction. The breakdown disclosed that the CBN at[Read More…]
Fuel Pump Price To Skyrocket As Marketers Threaten Shutdown
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 Although the directive was later withdrawn, it was observed that the order triggered fuel queues in many parts of[Read More…]
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…]
Consumer TV
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…]