By Godwin Anyebe Nestlé Nigeria has been making headlines not just for its popular consumer products but also for its significant contributions to the agricultural sector. The multinational company’s strategic investments in local agriculture offer valuable lessons for other multinational corporations operating in Nigeria. By focusing on sustainable development, local[Read More…]
Author: Godwin Anyebe
Appreciation for Addressing Price Tag Discrepancies and Call for Daily Updates
Dear FCCPC Team, I am writing on behalf of Consumers Assembly to extend our heartfelt gratitude for your prompt and decisive action regarding the issue of price discrepancies in retail environments. We were pleased to see that, following our recent report titled “The Price Tag Paradox: When Retail Shelves and[Read More…]
Ngbede Adejo’s Plea: A Story of Desperation and Advocacy
Ngbede Adejo’s Plea: A Story of Desperation and Advocacy In the heart of Lagos, amidst the bustling streets of Iyanaipaja, a community that struggles with the fallout from a recent police task force raid. Ngbede Adejo, an Okada rider, found himself at the center of a heartbreaking story that has[Read More…]
Unwarranted Police Raid on Motorcycles in Lagos Hinterland Causes Hardship for Families
In recent weeks, the hinterland areas of Lagos State, particularly Okeodo and Iyanaipaja, have been the focal points of an intense and controversial police task force operation targeting motorcycle operators. While aimed at curbing illegal activities and enhancing public safety, the raid has faced backlash for its perceived overreach and[Read More…]
CBN reintroduces publication of key economic reports
The Central Bank of Nigeria (CBN) has announced its plans to reintroduce the publication of several economic reports, including the Purchasing Managers’ Index (PMI), inflation expectation report, and other macroeconomic indicators. According to a circular released on Tuesday and signed by Hakama Sidi Ali, acting director, corporate communications, this action[Read More…]
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital‘s suit
The Central Bank of Nigeria (CBN) and FBN Holdings Plc have asked a Federal High Court sitting in Lagos to dismiss a suit filed by an investment firm, Barbican Capital Ltd, over the alleged alteration of its alleged 5,386,397,202 units of shares in the bank, according to court documents seen[Read More…]
Nigeria’s economic activities drop for 13th straight month in July, says CBN
Economic activities in Nigeria fell for the thirteenth month in July as high costs reduced new orders and employment declined, Central Bank’s Purchasing Managers’ Index showed. According to the report released Wednesday, the composite PMI stood at 49.7 points indicating a contraction in economic activities for the thirteenth consecutive month.[Read More…]
Manufacturers’ losses drop to N223bn as FX pressure eases
Some of Nigerians’ biggest manufacturers have seen their losses reduce in the second quarter of 2024, largely on the back of a drop in finance costs (including foreign exchange costs) and other measures taken to stay afloat. This respite comes after the Federal Government reforms implemented last year negatively impacted[Read More…]
How Emmanuel Okonkwo allegedly stole N212.7m from Stanbic IBTC
Operatives of the Force Intelligence Department at the Force Headquarters Annex, Moloney, Obalende, Lagos have arrested a 29-year-old staffer of Stanbic IBTC Bank Headquarters located at Victoria Island, Lagos, Chukwudi Emmanuel Okonkwo for allegedly stealing the sum of N212.7m. Okonkwo was dragged before a Lagos Magistrates’ Court for allegedly fraudulently[Read More…]
How we grew from 5m to 33m customers in 5 years –Umeoji, CEO, Zenith Bank
Dame Adaora Umeoji, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has shed light on how the financial giant expanded its customer base from 5 million to 33 million in just five years. During the “Facts Behind the Offer” meeting at the Nigerian Stock Exchange (NGX)[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…]