The Federal Competition and Consumer Pricing Commission (FCCPC) has stated that disproportionate pricing of imported goods mostly among retailers is mostly responsible for inflation in consumer goods in the country. In a statement by the FCCPC’s Executive Vice Chairman/Chief Executive Officer, Tunji Bello where the commission stated its intention to[Read More…]
Author: Godwin Anyebe
FCCPC to engage market leaders nationwide to curb ‘exploitative pricing’
The Federal Competition and Consumer Protection Commission (FCCPC) says it will engage market leaders nationwide to curb ‘exploitative pricing’ of consumer goods. In a statement on Monday, Tunji Bello, FCCPC’s executive vice-chairman and chief executive officer (CEO), said the commission’s advocacy for consumers aligns with President Bola Tinubu’s ‘Renewed Hope’[Read More…]
Nestlé Nigeria Plc: Championing a Sustainable Environment Through Community Engagement
By Godwin Anyebe In an era where environmental sustainability has become a critical concern globally, Nestlé Nigeria Plc stands out as a beacon of corporate responsibility and community engagement. As a leading player in the food and beverage industry, Nestlé Nigeria is not just focused on delivering high-quality products but[Read More…]
Underscoring Nestlé’s Giant Strides in Youth Development in Nigeria
By Godwin Anyebe Nestlé has long been a titan in the global food and beverage industry, but its impact extends far beyond just providing products. In Nigeria, Nestlé has demonstrated a profound commitment to youth development, with initiatives that have shaped and empowered the younger generation. In fact, Nestlé’s commitment[Read More…]
Navigating the Hurdles of Nigeria’s Petroleum Price Hikes: A Consumer’s Dilemma
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…]
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…]
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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…]