Navigating the Hurdles of Nigeria’s Petroleum Price Hikes: A Consumer’s Dilemma In recent years, Nigeria has grappled with a recurring issue that affects millions of its citizens: fluctuating petroleum prices. These price changes, often termed “petroleum pump price hikes,” present a multifaceted challenge to Nigerian consumers. It is important to[Read More…]
Author: Godwin Anyebe
The Price Tag Paradox: When Retail Shelves and Checkout Prices Don’t Match
In the ever-competitive world of retail, one of the most frustrating experiences for shoppers is discovering that the price tags on items do not match the final price at checkout. This discrepancy more often than not lead to confusion, dissatisfaction, and sometimes even a loss of trust in a store’s[Read More…]
Guinness Nigeria records N73.68bn loss before tax, grows revenue by 31%
On account of currency devaluation and other economic challenges, Guinness Nigeria Plc recorded N73bn loss before tax for the financial year ended June 30, 2024. This is even as the company announced 31 per cent revenue growth for the period , up from the corresponding period in 2023. The brewer[Read More…]
Court tells Ecobank to pay N1bn to ex-Oceanic Bank workers
The National Industrial Court Lagos division has ordered Ecobank Nigeria Limited to pay the sum of N1,086,611,589.11 being judgment debt into the account of the Chief Registrar of the National Industrial Court, pending the hearing and determination of the appeal filed by Ecobank Bank against the judgment of the Court.[Read More…]
FCCPC’s heavy-handedness and the threat to Nigeria’s business and economic future
In a move that has raised eyebrows across Nigeria’s business landscape, the Federal Competition and Consumer Protection Commission (FCCPC) recently announced its intention to impose penalties on Coca-Cola Nigeria and Nigerian Bottling Company for alleged misleading trade descriptions and unfair marketing practices. This latest action is part of a worrying[Read More…]
Stanbic IBTC’s Bloom Weekend Reiterates Support for Women
Stanbic IBTC Holdings, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, has reaffirmed its commitment to supporting women by empowering and nurturing their growth. During the inaugural Bloom Weekend event held recently at Landmark Event Centre, Victoria Island, Lagos, the company demonstrated its dedication[Read More…]
Nigeria Approves First Banking Merger Under New Capital Rules
The Central Bank of Nigeria approved its first bank merger since increasing capital requirements four months ago and ordering lenders to consider equity offers and business consolidation to comply. The Abuja-based regulator sanctioned a tie-up between Providus Bank Ltd. and Unity Bank Plc. It said the merger was “contingent upon[Read More…]
Nigeria ranks 9th among African investment destinations – Report
Nigeria, known as the giant of Africa is ranked 9th among top African investment destinations with Seychelles and Mauritius leading the list. According to Bloomberg, the report evaluated 31 nations on the continent, assessing economic performance, market accessibility, investment climate, and social and human development. Nigeria, along with Ghana and[Read More…]
FG issue $500m denominated bonds, target 200% subscription rate
FG has introduced Series I Domestic USD Bond, aiming to raise at least $500 million from both local and international investors. However, this launch occurs amid a challenging backdrop where five of Nigeria’s Eurobonds have been ranked among the worst performers in a Bloomberg index of emerging and frontier sovereign[Read More…]
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[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…]