Nigeria’s leading breweries faced a staggering combined loss of N169.7 billion in the first quarter of 2024, as reported by BusinessDay’s comprehensive analysis of their financial statements. Rising interest rates and the ongoing devaluation of the naira inflicted significant financial strain on Champion Breweries Plc, Nigerian Breweries Plc, International Breweries[Read More…]
Author: Godwin Anyebe
Consumers fault Discos as meter price hits N147,000
Electricity consumers have kicked against the hike in the prices of prepaid meters as announced by the power distribution companies. The Electricity Consumers Protection and Advocacy Centre told our correspondent that the electricity sector in the country seems to have been structured to inflict hardships on the masses. The PUNCH[Read More…]
Streaming swells monthly internet spend to N216bn
Nigerians are consuming content on the internet at an unprecedented pace, with monthly usage up by more than 501.99 percent since 2019. This surge has been fueled by the growing appetite for streaming services and other online activities, accessible primarily through smartphones. According to data from the Nigerian Communication Commission[Read More…]
Nigeria Showcases Digital Social Investments at APRA 2024
Nigeria has displayed various digital social investments through the Nigerian Communications Commission (NCC) at the just-concluded 35th annual conference of the African Public Relations Association (APRA) in Abidjan, Côte d’Ivoire. A statement issued by the NCC noted that through a presentation by the Head of Media Management Relations at the[Read More…]
Ban on sachet alcohol: Reps C’ttee berates NAFDAC DG for disobeying motion to suspend directive
The House of Representatives Committee on National Agency for Food and Drugs Administration and Control, NAFDAC has accused the Director General of the agency, Professor Mojisola Adeyeye of blatantly refusing to suspend the ban on sachet alcohol as directed by the House. Briefing journalists at the National Assembly at the[Read More…]
NAFDAC seal shops with unwholesome drugs, others in Abuja, arrests owners
The National Agency for Food and Drug Administration and Control (NAFDAC), on Friday, sealed three shops at Kpaduma Community 2, Asokoro District and Nyanya Motor Park of the Federal Capital Territory (FCT). The News Agency of Nigeria (NAN) recalls that the agency on Thursday also raided drug hawkers at the[Read More…]
Stakeholders’ input, key in formulating telecoms regulatory instruments –NCC
The Nigerian Communications Commission (NCC) has tasked telecom industry stakeholders to make valuable inputs in formulating some regulatory frameworks for the industry. Speaking during the 2-day public inquiry into three regulatory instruments (also known as subsidiary regulations), which commenced on Friday, the Executive Vice Chairman of the Nigerian Communications (NCC),[Read More…]
Information Ministry, NOA Partner ARCON, NBC To Unveil TAM Platform
The Ministry of Information and National Orientation, in partnership with the Advertising Regulatory Council of Nigeria (ARCON) and the Nigeria Broadcasting Commission (NBC) has announced plans to unveil an advanced television audience measurement (TAM) platform. This cutting-edge system which aims to transform audience measurement in Nigeria by delivering precise and[Read More…]
Afforestation measures, campaigns needed to save Benue’s environment – NES Chairman
The Nigerian Environmental Society, NES, says there should be delibrate measures of afforestation, sustained campaigns and capacity building to save the Benue environment. The newly inaugurated Benue State Chairman of the NES, Dr. Timothy Ishi, who stated this at the weekend shortly after assuming office, assured that his leadership would[Read More…]
Firstbank Partners With PROPARCO on Climate Performance
First Bank of Nigeria Limited, in partnership with Proparco, a Development Finance Institution is mainstreaming climate initiatives into its business operations and strategy. This is aimed at achieving a holistic integration of climate action on Greenhouse Gas (GHG) emissions reduction through an articulated strategic pathway to position the Bank as[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…]