Golden Penny Foods, offering quality nutrition to every Nigerian family, is an Associate Sponsor of the maiden edition of the popular family game show, Family Feud. The maiden edition of the show was launched in Nigeria in October 2022 and is hosted by the popular Nollywood Star, Bisola Aiyeola. You[Read More…]
Author: Godwin Anyebe
Domestic Gas Supply Rises by 14%, Says FG
The Federal Government has revealed that the estimated performance of Nigeria’s domestic gas supply obligation increased by 14.14 per cent to 64.8 per cent in 2021. It pointed out that the country’s gas supply volumes are set to grow further in 2022 compared with the 50.66 per cent achieved in[Read More…]
Marketers Threaten Strike, Protest N185/litre Fuel
The Independent Petroleum Marketers Association of Nigeria, says it will withdraw its service over constant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, recently, in a statement, blamed private depots for the hike in price. According to them, they were[Read More…]
First Bank Partners CFA Society Nigeria to Host Annual Flagship Event
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics[Read More…]
In 3 Years, Digital Economy Ministry Remitted 408bn to FG – Pantami
Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, said their Ministry, alone, made over N408 billion remittances to the Federal Government, in the last three years. He disclosed this at the ongoing Digital Nigeria Day 2022, holding at the International Conference Centre, ICC, in Abuja. According to[Read More…]
Naira Redesign Not Economic Priority — CISLAC
The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The Executive Director of CISLAC, Auwal Musa, made this known in a[Read More…]
In 2022, Airlines Spend $192bn on Jet-A1
The Nigerian aviation sector has spent $192bn in 2022 on aviation fuel alone, a report by Philips Consulting Limited said. According to the report titled, ‘Nigeria’s Aviation Industry Customer Satisfactory Survey Report 2022’, obtained by Newsmen, in the first six months of 2022, the jet fuel price rose to 70[Read More…]
CBN Grant Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollar
The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN’s decision to allow PSBs to sell dollars will go a long way in reducing the difficulties in getting dollars, especially for online transaction. CBN,[Read More…]
Press Release On The Illicit Use Of Herbal Intoxicant Popularly Called ‘Kurkura’ Gargle, Herbal Aphrodisiac, And Alcoholic Bitters In The Country
It is my pleasure to welcome you all to this Press briefing on the activities of NAFDAC. As you are all aware, NAFDAC was established by Act Cap N1 Laws of the Federation of Nigeria 2004 to regulate and control the manufacture, importation, exportation, advertisement, distribution, sale and use of[Read More…]
Press Release By Director General NAFDAC On The Presence Of Mercury In Vaccines Iin Nigeria
It has come to our knowledge that a statement was made that “children in Nigeria were being administered a vaccine that contains 40 percent mercury which was prescribed by foreign organisation.” This statement is not true Mercury is a metal and it is not used as an element as a[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…]