Many a consumer in Nigeria are angry, threatening and mobilising others to boycott Erisco Foods products. This is in connection with the latest alleged Police attack on Chioma Okoli over Erisco Tomato Review. Human Rights Lawyer- Inibehe Effiong, ESQ (Lead Counsel to Chioma) gave the update via his social media platform, headlined ‘ IGP OVERRULES…
▪︎Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, tour Dangote Sugar Refinery Plc, yesterday. Stakeholders in the manufacturing sector are pressuring Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, to pay the N75 billion for 75 industries Presidential loan . They made the demand when the Minister toured some leading manufacturing…
The 10 African countries with the lowest price of fuel at the start of 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on the 1st of January 2024. Picture: NNPCL GMD; Mele Kyari
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
Peter Obi, a former Governor of Anambra State/ LP Presidential Candidate, called on the federal government “to not only discourage more business shutdowns in Nigeria but also encourage a high inflow of foreign direct investment and local investment in the nation.” This’ s his reactions to the exit of Jubilee Syringe Manufacturing (JSM) (the largest…
An item is tagged N800, and when you pick some quantity with a known price, you will be shocked that the price at the pay counter will be over N1000 per item.
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
Don’t ever compete with your bosses. You will burn your fingers
▪︎Executive Secretary of NIPC, Mrs. Aisha Rimi. The Nigerian Investment Promotion Commission (NIPC) says it will investigate and publish the impacts assessment of the federal government’s tax holidays to industries. Tax holiday is an incentive granted by the government to qualifying industries exempting them from the payment of corporate income tax for an initial period…
(The East African)A sixth sugar factory has started production, boosting the Tanzania government’s efforts to cut down on sugar imports and control retail prices. The Mkulazi Sugar Factory, a joint venture by the National Social Security Fund (NSSF) and the Tanzania Prisons Service started production in December, aiming to produce 50,000 tonnes per year. The…
