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Business

December, 2023

  • 20 December

    NAFDAC uncovers 240 fake wines inside factories

    The National Drug Law Enforcement Agency (NAFDAC) has uncovered factories in the popular Cemetery market in Abia State, where fake wines and fizzy drinks are being produced. The regulatory agency stormed the market on Monday, and discovered shops where products from other brands were being reproduced with fake NAFDAC numbers. Speaking during the raid, NAFDAC Director, South East zone, Mr ...

  • 18 December

    Mr. Ibu’s Two Legs Not Amputated, Family Debunks Rumours

    The family of the comic actor, John Okafor, aka Mr. Ibu, has addressed misconceptions surrounding Mr. Ibu’s health, stating that contrary to circulating reports on social media, the actor has undergone amputation on only one leg, not both. They added that the initial amputation proved insufficient to resolve his health challenges, leading to a subsequent amputation on the same leg. ...

  • 17 December

    Another look at Jumia food & Kano ShopRite Shutting down

    A second and perhaps deeper thoughts have been expressed , explaining the underlying reasons behindJumia food and Kano ShopRite Shutting down “Before anybody convince you that Nigeria’s economy is at an all-time low, please note that Jumia did not just stop food delivery in Nigeria. “They stopped it in seven African nations, including Nigeria, Morocco, Tunisia and Algeria. Note that ...

  • 15 December

    Omatsola Ogbe replaces Wabote at NCDMB, sets agenda

    The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board ,(NCDMB) Engr. Felix Omatsola Ogbe has assumed office and held his first official meeting with the Directors and management of the Board. Ogbe was appointed on Thursday by President Bola Tinubu, replacing Engr. Simbi Kesiye Wabote, who had served for seven and half years in office. At ...

  • 11 December

    CBN explains Naira Scarcity

    The Central Bank of Nigeria (CBN) has explained the reasons behind scarcity of naira notes in the country. This comes following a series of complaints by some bank customers on the scarcity of naira notes at the counters, Automated Teller Machines (ATMs), Points of Sale (PoS), and Bureaux de Change (BDCs). In a statement issued by the Corporate Communications Department ...

  • 9 December

    Why I invited Portable, Pasuma to praise night — Pastor

    The Founder of Celestial Church of Christ, Land of Goshen Cathedral, Lagos State, Aderemi Dabiri, has offered reasons why he invited controversial singer, Habeeb Okikiola, professional known as Portable; and Fuji singer, Wasiu Alabi, also known as Pasuma, to the church’s praise night. The Pastor has also given reasons why he would not stop the duo from attending the night ...

  • 5 December

    UK outlaws family dependants, set tougher visa rules for migrants

    Britain’s embattled Conservative government unveiled a raft of measures Monday aimed at cracking down on record levels of migration — a key battleground in a general election expected next year. The UK announced it would raise the minimum salary threshold for a skilled worker visa and prevent overseas health and social care staff from bringing family dependents to Britain. Prime ...

  • 4 December

    Obi Faults N15bn Allocation For VP’s Residence

    The 2023 presidential candidate of the Labour Party (LP), Peter Obi, has faulted a N15bn allocation for the construction of a new residence for the nation’s Vice President (VP). Obi said “99.9% of Nigerians can only dream of living” in the current residence of Vice President Kashim Shettima. In a post on X (formerly Twitter), the ex-governor of Anambra State ...

  • 4 December

    FG starts Palliative for business..how to qualify

    The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal. A statement on Sunday by the Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the programmes consisted of the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme. It stated, “In ...

  • 2 December

    Lawmakers punch holes in Budget

    President Bola Tinubu’s N27.5 trillion budget for the 2024 fiscal year is generating controversy…some particularly consider it sketchy ! Tinubu had on Wednesday presented budget to a joint session of the National Assembly, during which he asked the lawmakers to pass the document in 30 days. Some lawmakers are lamenting the failure of the executive to provide the details of ...