The Bigi carbonated soft drink produced by Rite Foods Limited, a world-class and proudly-Nigerian company, that revitalises consumers with its 13 variants, has unveiled a new mantra, Bigi for Every Moment’ as the most refreshing brand that suits all occasions.
The new slogan highlights the idea that there is a perfect flavour to suit every moment for all demographics, whether for a celebration…
The Manufacturers Association of Nigeria (MAN) is working towards raising the contribution of the sector to the nation’s Gross Domestic Product (GDP) to 20 percent by 2030, representing a giant leap from its current average contribution of about 9 percent.
President of…
Jaiz Bank, the Premier Non-Interest Bank in Nigeria has recorded a N.67 billion Profit Before Tax, at the close of its 2022 operation year.
The figure, according to the statement by the bank, yesterday, represented a significant increase in Profit Before Tax (PBT) by 52.63%…
Old Naira Note: We will follow the decision of the Supreme Court. FG said
February 10, 2023
The Federal Government has said it would obey the ruling of the Supreme Court suspending the February 10 deadline given by the Central Bank of Nigeria, CBN on the exchange of naira notes.
Recall that the apex court in its ruling on Wednesday, suspended the February 10 deadline on the old naira notes which expires today.
The Attorney General of the Federation, Abubakar Malami, who confirmed this in…
The Central Bank of Nigeria (CBN) has accepted culpability for the resultant chaos of the naira redesign and cash withdrawal policy, saying it didn’t anticipate them.
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Recall that angry Nigerians have been staging protests and attacking banks across the country amid…
The Federal Government said yesterday that Nigeria Air will soon start flying, having got the aircraft ready and painted in its colours.
The Minister of Aviation, Senator Hadi Sirika, disclosed this while briefing State House correspondents at the end of the weekly Federal…
Old Naira: Supreme Court decision overturned, invoke Executive Order- CSO's Buhari said.
February 9, 2023
The Civil Society Central Coordinating Council, the apex body of all civil society groups in Nigeria, has rejected the exparte order made by the Supreme Court restraining the CBN and President Muhammadu Buhari from terminating the use of the old N200, N500 and N1000 bank notes.
The group therefore called on President Buhari to immediately consider issuing Executive Orders to bring to effect the…
President Muhammadu Buhari has received the Governor Godwin Emefiele of the Central Bank of Nigeria, CBN, in Aso Rock, Abuja.
The meeting is holding hours after the Supreme Court, on Wednesday, ruled to stop the February 10 deadline for the validity of three old naira…
Oil marketers, on Wednesday, said the supply of Premium Motor Spirit, popularly called petrol, had not yet stabilise and this was why queues were still prevalent in many parts of Nigeria, aside Abuja where it had reduced.
Reacting to the statement of the Group Chief…
As the shortage of new banknotes continues, more and more banks are closing.
February 9, 2023
As the naira shortage continued, more banks began closing their branches.
Even on Wednesday there were still long queues outside the ATMs of many commercial banks in Lagos, Ogun, Abuja and elsewhere. As the February 10 deadline for the old N1000, N500 and N200 banknotes approaches, more Nigerians are frustrated that they cannot use cash for regular transactions. Subsequently, this led to protests…