Nigeria’s biggest food and agro-allied business, Flour Mills of Nigeria (FMN), has announced the launch of the new Golden Penny 400g Pasta. Golden Penny Spaghetti is a premium pasta made from quality durum wheat, which doesn’t get soggy or sticky and is enjoyed in a variety of ways. It can[Read More…]
Author: Godwin Anyebe
Get back-to-school with 10 scoops of sweetness at Cold Stone this September!
It’s the celebration of the Big 10 for Cold Stone Creamery Nigeria!!! Yayy…Happy Birthday Cold Stone! Cold Stone Creamery celebrates 10 years of bringing nothing but an indulgent family experience with the best of flavors and has consistently taken ice cream lovers on a roller coaster ride. You can boldly[Read More…]
Anticipation builds as Nigeria’s best Hi-life vie for N50 Million at Hi-Life Fest 2022
With the ever growing rate of youth restiveness on account of the prevailing socio-economic issues in Nigeria, most young and talented musicians have become more attuned to platforms that would help launch their musical careers. Offering a respite and giving the teeming youth population a platform to make progress, Life[Read More…]
SEC Declares N2.5bn Surplus, Reduces Workforce By 30%
The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has said the commission reduced its workforce by almost 30 per cent disclosing that at the end of the first half of 2022, it recorded a surplus of about N2.5billion. Speaking at the 2023-2025 Medium Term Expenditure[Read More…]
Fed Govt Grows VAT By 20%, Rakes In N1.2trn
The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. According to different reports by the National Bureau of Statistics, the total sum generated through VAT stood at N1.008tn[Read More…]
Currency In Circulation Drops To N3.24trn
Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed. According to the CBN, the CIC which stood at N3.33tn in May fell to N3.25tn in June. The CBN recently warned Deposit Money Banks[Read More…]
Akabueze Contradicts Pantami, Says 5% Tax Stands Telecom
Contrary to the pronouncement by the minister of communications and digital economy, Isa Ali Pantami, that the five percent telecom levy had been suspended, the director-general of the Budget Office, Ben Akabueze, has maintained that the tax remains in effect as the Budget Office of the Federation and the Federal[Read More…]
IPMAN announces warning strike, threat indefinite if FG fails to settle outstanding N500b
Fresh fuel scarcity is looming in northern states as independent marketers, yesterday, announced a three-day warning strike over non-payment of outstanding bridging costs In Kano, the Northern Independent Petroleum Marketers Forum (NIPMF) shutdown the depot of the Nigerian National Petroleum Company Limited (NNPC), obstructing the movement of tankers. NIPMF chairman,[Read More…]
FG Suspends Telecoms Tariff Hike, Excise Duty
President Muhammadu Buhari has approved the suspension of the proposed excise duty on telecommunications indefinitely and constituted a committee to look into the matter. The suspended scheme could have seen an added tax to the tariff for telecom network subscribers but the Minister of Communications and Digital Economy, Isa Ali[Read More…]
ARCON gives Turkish Firm ultimatum to pay N481m debt
The Advertising Regulatory Council of Nigeria (ARCON) has given a Turkish company, Hayat Kimya, a seven-day ultimatum to pay the N481 million debt it owes a Nigerian media planning and buying agency, Mainsail Media Limited. The Director General of ARCON, Dr Olalekan Fadolapo, issued the ultimatum in a statement made[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…]