SOCIO-ECONOMIC Rights and Accountability Project (SERAP) has sued the federal government of Nigeria at the Federal High Court in Lagos over failure to probe over $15 billion oil revenue and N200 billion alleged budget to fix refineries between 2020 and 2021. The claims are contained in the 2021 report by[Read More…]
Author: Godwin Anyebe
Customers to Pay More from November 6 as Multichoce Raises Subscription Fees
Multichoce Nigeria, the owners of DSTV and GOTV, has announced another increase in its subscription fees for different bouquets, effective from Monday, November 6, 2023. This is the second time the company has hiked its prices this year, causing more financial burden for its customers. According to a notice sent[Read More…]
FCCPC approves more loan apps as company list grows to 211
The Federal Competition and Consumer Protection Commission (FCCPC) has registered and approved more digital money lenders, otherwise known as loan apps, bringing the list of approved companies to 211 at the end of October. The 211 companies comprise 172 that have received full approval from the Commission and 39 others[Read More…]
CSR: Stanbic IBTC gears up for its 9th annual Together4ALimb Walk
Stanbic IBTC Holdings is set to host the 9th annual Together4ALimb Walk, its flagship corporate social investment (CSI) initiative that supports children with limb loss. Scheduled for Saturday, 25 November 2023, the event is more than just a charity walk; it demonstrates Stanbic IBTC’s commitment to raising awareness about supporting[Read More…]
Hilda Baci Bags Brand Ambassador Deal
Foremost culinary brand, GBFoods has announced Nigerian Guinness World Record holder, Hilda Baci as new brand ambassador for two of its flagship brands, Gino and Bama Mayonnaise. This step according to the organisation will further drive the promotion of local culinary and put Nigeria’s flavors on global map. Speaking at[Read More…]
Lagos cancels 50% discount on public transport, reverses to old rate
The Lagos State Government has announced reversion to the old rates of public transport from Sunday. “The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday,” the Lagos Metropolitan Area Transport Authority said in a statement on Saturday. The statement informed commuters that starting[Read More…]
BSG, FRSC Launch 2023 “Don’t Drink & Drive” Campaign, Park Rallies
The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN) and the Federal Road Safety Corps (FRSC) launched the 2023 edition of their annual Don’t Drink & Drive campaign on the 1st of November 2023, at the Movenpick Hotel, Ikoyi, Lagos. The BSG comprises International Breweries Plc, Guinness[Read More…]
Court Grants SERAP Leave To Compel Tinubu To Reverse Electricity Tariff Hike
A Federal High Court sitting in Lagos has granted the prayers of the Incorporated Trustees of Socio-Economic Rights and Accountability Project (SERAP) against the President of the Federal Republic of Nigeria as a first respondent. Other Respondents in the suit numbered FHC/L/CS/99/2023 are the Attorney General of the Federation; Nigerian[Read More…]
CBN says high volume withdrawals causing cash scarcity in some locations
The Central Bank of Nigeria (CBN) says there is sufficient cash for economic activities after reports of scarcity in some locations. In a statement by Isa AbdulMumin, CBN director, corporate communications, the apex bank said the scarcity experienced in some locations was due to high volume withdrawals from its branches[Read More…]
Golden Penny Unveils New and Improved Spread Product, Enriching Homes With A Nutritious Experience.
Golden Penny, a trusted name in the Nigerian fast moving consumer goods industry is thrilled to announce the relaunch of its renowned Spread brand, ushering in a remarkable improvement in taste, versatility and nutritional value. As a household name, the brand is passionate and firm about its commitment to offering[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…]