ECOWAS suspends single currency for political reasons

“We propose that Nigeria, along with Ghana, Liberia, Gambia, and Sierra Leone — the five English-speaking countries — could have one currency for now. “Then, the Francophone countries could have another currency. Over the years, these two currencies could potentially merge into a single currency”. This was disclosed by Edwin Melvin Snowe Junior, a prominent…

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2023 In Review : The Year of Multinational Manufacturers’ Exit From Nigeria

In Summary▪︎On March 17, 2023, Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc, announced it would fold up the production of its homecare and skin-cleansing brands ( Omo, Sunlight and Lux)in Nigeria. “The production for home care category ceased in June 2023, and sales ceased in September 2023. ▪︎ On…

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Customer Tells Erisco Foods ” Sorry” For Badmouthing Product On Social Media

Chioma Egodi, who was accused to have projected Erisco Foods Limited’s Nagiko Tomato Mix, in a bad light on a social media platform, has apologised to the company, said Human rights lawyer, Inibehe Effiong. Industrial Times learned that Egodi made a comment about the product that annoyed the manufacturer . Consequently, she was arrested by the…

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