archiveApril 5, 2024

Nigeria's economy has gone through very challenging times over the past year. Inflation reached 28.92% in December 2023, the highest in 27 years. Food inflation rose to 33.93% in December 2023. The naira depreciated significantly, losing 25% of value in a single day in June 2023 when the government removed...

  President Bola Tinubu has placed  Nigeria’s economic growth on a flourishing organised private sector, just as he sought their support to drive his administration’s resolve to revamp the struggling economy. Tinubu said the economy was at a turning point and would require the steadfast support of the private sector...

    The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N200 million on Abuja Electricity Distribution Plc (AEDC) over non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distribution companies (DisCos).   NERC, in a letter addressed to AEDC acting Managing...

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, (EFCC) have commenced investigation of Idris Okuneye, a.k.a Bobrisky, for allegedly spraying Naira notes. The  EFCC had invited the 31-year old following a video report of spraying and flaunting wads of new Naira notes at the premiere...

  Rite Foods Limited's Bigi Beef and Rite Spicy Beef Sausage Rolls spiced up April Fools' Day with a social media contest “Why Did the Bull Cross the Road?” awarding a lucky winner N100,000 cash, sausage rolls, and merchandise. The first and second runners-up also received consolation prizes of products...

Justice Emeka Nwite of the Federal High Court sitting in Maitama, Abuja on Thursday, April 4, 2024 adjourned  arraignment of Binance Holdings Limited to April 8, 2024 for a ruling on the service of charges on the company. The Economic and Financial Crimes Commission, EFCC, is prosecuting Binance alongside Tigran...

  Reinforcing her commitment to a delightful consumer experience, Bigi Carbonated Soft Drinks, a leading brand from Rite Foods Limited, hosted 40 lucky fans to an impressive Easter celebration. This exciting Easter movie hangout took place at Silverbird Cinemas, Ikeja City Mall, Lagos, and featured a screening of the movie,...