Nigerian Bottling Company marks 75yrs, reaffirms commitment to Nigeria
By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In 1951, Anastasios Leventis negotiated the rights for the whole […]
Power failure costs Nigeria jobs, investments — APFFLON
By Providence Ayanfeoluwa The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has challenged the Minister of Power, Joseph Tegbe, to translate recent assurances on electricity sector reforms into visible improvements in power supply. The group maintained that Nigerians can no longer afford the economic consequences of persistent electricity failures. In a statement […]
Fake NAFDAC registration used to smuggle drugs into Nigeria — Customs
Hands over N53bn worth of seized drugs, expired pharmaceuticals to NDLEA, NAFDAC By Efe Onodjae The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into Nigeria using a fake registration number of the National Agency for Food and Drug Administration and Control (NAFDAC). The Comptroller-General of Customs, Bashir Adeniyi, disclosed this […]
FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF
By Yinka Kolawole, with agency report The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in recent national budgets, creating a mismatch between the country’s reported fiscal deficit and its actual financing needs. IMF’s Resident Representative […]
NPA backs Abuja MoU on regional maritime cooperation
By Godwin Oritse Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Speaking at the programme’s launch in Abuja, Dantsoho reaffirmed […]
Stock market: Investors lose N13.3trn in June amid profit-taking
•FTSE Russell delays Nigeria’s Frontier Market status over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]
