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…
The Centre for the Promotion of Private Enterprise (CPPE) says that the implementation of the Federal Government’s new Expatriate Employment Levy [EEL] policy will gravely affect foreign direct investment, and the African Continental Free Trade Area [AfCFTA] that is gaining traction. Muda Yusuf, the CPPE CEO, who expressed this concern, noted that although the broad…
By leveraging renewable energy technologies and innovative financing models, we can drive sustainable growth and create a more equitable playing field.
We are not getting the needed patronage from the Nigerian market, which explains why our plant is assembling below capacity at the moment.
Nestlé Nigeria recently launched a fully ready-to-eat cereal – Golden Morn 3in1 into the markets. This product combines Nigeria’s favourite Maize and Soya cereal with milk, requiring only the addition of water to serve a complete meal that can be enjoyed at any time of the day. Wassim Elhusseini, the Managing Director and CEO of…
Severe droughts and searing heat across vast swathes of southern Europe destroyed large parts of the olive oil harvest, culminating in a dizzying price rally that shocked industry veterans and consumers alike.
▪︎Sustainability footprint Beta Glass PLC has expanded its efforts to champion a greener Nigeria with initiatives focused on recycling, sustainability, and educating the public about environmental responsibility. Business Insider reports that this includes a collaboration with the Food and Beverage Recycling Alliance (FBRA) and Recycling Scheme for Women and Youth Empowerment (RESWAYE) to establish glass…
▪︎Image: President Bola Tinubu; Aliko Dangote, and Wale Edun. Source : State House photo ” As a nation, it is so shameful that we are still generating 4.5GW of electricity,” said President Tinubu, today, during the launch of Presidential Economic Coordination Council (PECC) and the Economic Stabilization Programme to ensure food security, improved power supply,…
Ribadu wrote on X, emphasising that the discussions focused on strengthening the long-standing partnership between Nigeria and the United States, particularly in the area of security cooperation.
” I have instructed my lawyers to immediately commence legal process to clear my name from the defamatory statements contained in the report headlined “Re: EMEFIELE , OTHERS STOLE BILLIONS, ILLEGALLY KEPT NIGERIA’S FUNDS IN FOREIGN BANKS“, and by extension the publications.” That’s Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN)…
