FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one[Read More…]
Author: Godwin Anyebe
NAFDAC arrests businessman for revalidating expired cosmetics
The National Agency for Food and Drug Administration and Control has arrested the owner of Precious Jewel Int’l Nigeria Limited, Kingsley Awuh for revalidating expired cosmetics in Lagos State. Precious Jewel Int’l Nigeria Limited was found altering expiration dates on cosmetics. NAFDAC made this known on his X handle recently.[Read More…]
Access Bank Rated ‘Most Valuable Brand’ In Nigeria
Access Bank has been named Nigeria’s most valuable brand once again, according to the latest Brand Finance report. The 2024 analysis showed a significant 73 per cent increase in Access Bank’s brand value, reinforcing its status as the leading banking brand in Nigeria for the third consecutive year in Brand[Read More…]
Dangote refinery to list on NGX, London Stock Exchange
Dangote Petroleum Refinery says it has plans for a dual listing on the London Stock Exchange (LSE) and Nigerian Exchange (NGX) Limited. Devakumar Edwin, executive director of Dangote Group, made this known in a Reuters report on May 28. Aliko Dangote, the founder of the refiner, was quoted in reports[Read More…]
Alia commissions fertiliser plant, promises 10 industries in 4 years
Benue state governor, Rev Fr.Hyacinth Alia, Tuesday, said his administration is working on revamping and building a minimum of 10 industries within the first 4 years of his administration. The governor also said he is aware that the Benue Investment and Property Company (BIPC) needs liquidity of not less than[Read More…]
Oladipupo, Ajose, join Digitas Nigeria as COO, creative director
Year 2024 marks a period of hierarchical transition and growth for the Integrated Marketing Communications industry, and Digitas Nigeria is at the forefront of this movement. In a strategic move to bolster its leadership, the agency announces the appointments of Omotayo Oladipupo as Chief Operating Officer (COO)/Head of Business and[Read More…]
FCCPC working to protect consumers against sharp practices – Otti
The Chief Consumer and Business Education Officer, Federal Competition and Consumer Protection Commission (FCCPC), Mrs. Olubunmi Otti, has said the commission was working assiduously to ensure that consumers were adequately protected against sharp practices. Mrs. Otti stated this recently during separate sensitization visits to Tilley Gyado College and Grams Schools[Read More…]
CBN vs SERAP: Court rules NGOs “cannot call itself pressure group”
The Federal High Court in Abuja ruled that Non-Governmental Organizations (NGOs) cannot act as pressure groups to win court cases, as seen in the suit filed by SERAP and HEDA against the Central Bank of Nigeria (CBN) demanding transparency on COVID-19 donations. The court sided with the CBN, stating that[Read More…]
Rites Food Intensifies On Importance of Education, Consumer Empowerment
Africa’s top food and beverage company, Rite Foods Limited, celebrated Africa Day 2024 alongside people worldwide. It emphasized how crucial it is to give education and consumer empowerment top priority in order to hasten the continent’s growth. Rite Foods’ dedication to excellence and empowerment is strongly reflected in this year’s[Read More…]
FG blames tomato scarcity, price increases across Nigeria on farm infestation
The Minister of Agriculture, Senator Abubakar Kyari, has said that a severe infestation of the tomato crop is the reason for the scarcity and elevated prices of the essential commodity in the country. In a statement recently via his official X (formerly Twitter) account, Kyari referred to the infestation causing[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…]