Nigeria’s inflation surged to 24.08% in the month of July 2023, a 129 basis-point increase compared to 22.79% recorded in the previous month. This represents the sixth consecutive increase in the headline index this year. This is according to the recently released Consumer Price Index (CPI) report for July 2023[Read More…]
News
Russia Africa Sumit: FG promises speedy completion of Ajaokuta steel company
Due to the quest for rapid industrial revitalization, the Federal Government of Nigeria has stated that speedy completion of Ajaoknta steel company was a major motivation that encouraged her to attending the Russia African Sumit. The Vice President Kashim Shettima who stated this while addressing the Nigerian communties in Russia[Read More…]
Zero Emission: Nigeria Lost N373bn to Gas Flaring in H1’23
Despite the commitment of the Federal Government to achieve zero flaring by 2060, gas flaring has increased 10 percent in the first half (January – June) of 2023 to 138.7 million metric standard cubic feet, MSCF, of gas from 126.1 MSCF in the corresponding period of 2022. The flared gas[Read More…]
Forceful Conversion of Property: Court adjourns suit to October 31, 2023
The Suit challenging the alleged criminal intention to convert a multi-million naira property located at No. 24A, Ikoyi Crescent, Lagos, belonging to Chief Ralph Obiorah, purportedly by Mr. Yomi Tokosi, was adjourned by the Lagos High Court sitting in Ikeja last Thursday, and new hearing date has been set for[Read More…]
FG Constitutes the Advertising Offences Tribunal
The Federal Government has constituted the Advertising Offences Tribunal and appointed a chairman and four other members to adjudicate over offences created under Advertising Regulatory Council of Nigeria Act No.23 of 2022, Code of Advertising Practice, Standard of Practice, Proclamation, and other relevant enactments made pursuant to the Act. The[Read More…]
Transaction Errors: 4.6million Customers Groan, Demand N137bn From Banks
Six Deposit Banks in Nigeria received 4,595,628 million complaints from their customers within a period of one year with the total amount of refund being claimed hitting N137.62bn. This was disclosed in the banks’ audited financial reports for the year 2022 filed with the Nigerian Stock Exchange. An analysis of[Read More…]
Photo news
L-R Chairman,STB McCann, Sir. Steve Bamidele Omojafor, principal consultant, NECCI consulting, Nkechi Ali-Balogun, former president, National institute of marketing of Nigeria (NIMN), Managing Consultant at OE&E Consulting Ltd,. Tony Agenmonmen, chairman distinguished performance award, Joe Femi-Dagunro, publishers/CEO ,The industry newspaper, Mr Goddie Ofose, during the Industry Summit award 4.0 in[Read More…]
Photo News
L-R Regional group managing director OMG west& central African (WeCA), Mr Tolu Ogunkoya, Chairman,STB McCann, Sir. Steve Bamidele Omojafor, publisher/CEO The industry newspaper, Mr Goddie Ofose, past president National institute of marketing of Nigeria (NIMN), Managing Consultant at OE&E Consulting Ltd,. Tony Agenmonmen, chairman distinguish performance award, Joe Femi-Dagunro, during[Read More…]
Domestic Airfares Increase By 66% In 2022 – NBS
The National Bureau of Statistics (NBS) has revealed that domestic air transport fares increased by 66.36 per cent in the last one year. In its latest report titled ‘Transport Fare Watch (February 2023)’, the NBS stated that the average fare paid by air passengers in air travel for specified routes[Read More…]
FG Loses Suit To Recover N70trn Loot Over Poor Prosecution
Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed in 29 bank accounts by looters. The judge stated that the Federal Government’s lawyers and the private lawyers which it[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…]