The Nigerian Communications Commission (NCC) said that the lack of patronage for its auctioned frequencies was responsible for the failure to meet the N387 billion revenue target for 2023. The commission’s Director of Financial Services, Yakubu Gontor, disclosed this when he appeared before the Senate Joint Committees on Finance, Appropriations,[Read More…]
Author: Godwin Anyebe
Brandlife Emerges Best Experiential Marketing Agency of the Year
Leading Nigerian Experiential Marketing Agency, Brandlife, has won the award for the best Experiential Marketing Agency of the Year recently at the prestigious Nigerian Marketing Awards (NMA). The Nigerian Marketing Awards recognises marketing excellence in Nigeria. It seeks to reward and celebrate outstanding brands, personalities and organisations in the Nigerian[Read More…]
ARCON says self regulation of advertising not working in Nigeria
THE Advertising Regulatory Council of Nigeria (ARCON) has said that self regulation of adverting has failed in the industry with the big stakeholders exploiting the weaker ones. The apex regulatory body gave this explanation, in a statement issued in its reactions to some of the reasons given by the Advertisers[Read More…]
McEnies CEO, Omolaraeni Conferred With Honorary Doctoral Degree, Excellence Business Leader Award From Overseas Institutions
A prestigious College of business and management in the UK MGIBES, in partnership with HonorCrest Institute, Canada and Theophany University, Hait, North America have jointly conferred on Omolaraeni Olaosebikan an honorary doctorate degree in Strategic Leadership and Business Management. Dr. Omolaraeni who is the CEO of McEnies Global Communications also[Read More…]
MTN Allegedly Forces Out Local Telecom SMEs From International Call Market
MTN Nigeria Communications PLC has seized virtually exclusive control from participating small and medium-scale local and international call market operators known as International Data Access Operators (IDA), and practically chased all of them out of the market by strong-arm tactics, including the illegal demand for payment for interconnected international traffic[Read More…]
Eight firms record N918.1bn loss on currency revaluation
Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June to allow the market to determine the value of the local[Read More…]
Adoption of TaaS will democratise access to cutting edge solutions for businesses – NCC
The Nigerian Communications Commission has said that the convergence of Technology-as-a-Service (TaaS) and infrastructure deployment would mark a new era in technological advancement adding that it is a paradigm that not only fosters innovation and growth but also democratises access to cutting edge solutions for businesses of all sizes. According[Read More…]
Comply with regulatory standards, ex-NAFDAC director urges breadmakers
A former Director, Food Registration and Regulatory Affairs at the National Agency for Food and Drug Administration and Control, Rev. William Effiok, has urged breadmakers under the aegis of the Premium Breadmakers Association of Nigeria to be prepared for better business opportunities in 2024 by complying with regulatory standards. Effiok[Read More…]
International Breweries Empower 50 Young Entrepreneurs with Over 60m Naira Seed
International Breweries Foundation has given out a combined sum of N60 million as seed capital to 50 promising entrepreneurs in line with its commitment to empowering Nigerian youths to be self-sufficient and employers of labour through its Kickstart initiative. The Foundation, which is the corporate social responsibility (CSR) arm of[Read More…]
NAFDAC alerts Nigerians on ban of Sheesha beauty creams, Dona White cream
The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public notification regarding the prohibition of Sheesha Beauty Cream and Dona White Extra Whitening Lotion by the European Union (EU). Following stringent testing against European standards, these products have been found non-compliant with the Cosmetic Products[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…]