Cross-border trading of foreign airlines Inventories, which has impacted negatively on Nigeria’s travel economy, has been described as a monster that must be tackled frontally and destroyed. Alhaji Adamu Abdullahi of the Federal Competition and Consumer Protection Commission ( FCCPC), stated that the trend if left unchecked, is dangerous, worrisome,[Read More…]
Author: Godwin Anyebe
Nigerian Court strikes out Advertising Regulatory Council of Nigeria’s N30 billion ‘illegal advert’ suit against Meta Platforms
The Federal High Court sitting in Abuja has struck out a N30 billion alleged illegal advertisement lawsuit instituted against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited by the Advertising Regulatory Council of Nigeria (ARCON). Justice Peter Lifu struck out ARCON’s case[Read More…]
Dangote Group targets $30bn revenue to strengthen naira
The President of Dangote Group, Aliko Dangote, has said that his businesses’ $30bn revenue target by the end of 2025 will boost the naira. Dangote said this on Sunday during a tour of Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited by media executives, indicating a plan to attain[Read More…]
NAFDAC shuts Sokoto bakery for using saccharine, bromate
The National Agency for Food Drug Administration and Control (NAFDAC) has shut down a bakery for using unfortified sugar and banned bromate in Sokoto. The NAFDAC State Coordinator, Mr Garba Adamu, told the News Agency of Nigeria (NAN) on Friday that the bakery was detected during a special raid by[Read More…]
Challenges of Weight and Measure for Nigerian Consumers and the Way Forward
In Nigeria, the issue of accurate weight and measure poses significant challenges for consumers across various sectors, from food and beverages to commodities and retail products. The accuracy of measurements directly impacts consumer trust, fairness in trade, and overall economic stability. Addressing these challenges requires a concerted effort from regulatory[Read More…]
Navigating the Effects of Substandard Products: The Nigerian Consumer’s Battle
In Nigeria, the struggle against substandard products is a daily reality for consumers across the country. From counterfeit medicines to fake electrical appliances, the prevalence of substandard goods poses serious risks to public health, safety, and economic stability. This pervasive issue not only undermines consumer confidence but also challenges regulatory[Read More…]
Nigerian Universities and the Electricity Conundrum: Navigating Challenges to Academic Excellence
In Nigeria, the pursuit of academic excellence often meets an enduring challenge: the unpredictable and unreliable supply of electricity. This issue is particularly acute in the country’s universities, where power outages frequently disrupt teaching, research, and administrative activities. The impact of this electricity conundrum extends far beyond inconvenience, shaping the[Read More…]
Esili Eigbe: Nigeria Cannot Experience Real Growth Until It Deals With Inflation
Economist and Director at Escap Management, Esili Eigbe, has sounded a dire warning about Nigeria’s economic trajectory,citing high inflation and a soaring national debt as major concerns. Eigbe in an interview with ARISE NEWS on Wednesday, emphasised the urgent need to address the twin challenges of high inflation and a[Read More…]
Von-Kemedi: Cost of Production Main Reason for Food Inflation, Not Insecurity
Dimieari Von-Kemedi, Managing Director of Arila, has addressed the complex causes of the current food crisis in Nigeria, emphasising that while insecurity is a factor, it is not the decisive reason for the soaring food inflation. Speaking on the issue, Von-Kemedi in an interview with ARISE NEWS on Thursday, pointed[Read More…]
Dollar Bonds, Debt Servicing, FX Volatility Pose Risks to Nigeria’s Economic Recovery, Expert Warns
CEO of Sonora Capital & Investment Limited, DR. Kunle Alonge, has shared his insights on the federal government’s plan to issue dollar bonds, aimed at enhancing Nigeria’s purchasing power and attracting diaspora investment, pointing out both the advantages and potential drawbacks. According to Alonge in an interview with ARISE NEWS[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…]