THE National Agency for Food and Drug Administration and Control (NAFDAC) says it is probing a widely shared social media post in which a woman allegedly used polythene-laced oil to fry plantain chips. In a statement by NAFDAC’s resident media consultant, Sayo Akintola, on Saturday, January 20, the agency said it was taking a science-based…
Unilever Nigeria has announced that it has stopped production and sale of home care and skin cleansing products. This is coming 10 months after the company announced plans to exit both markets. The company made this known in its unaudited interim financial statements for the year ended December 31, 2023, published on the Nigerian Exchange…
Billionaire tycoon Femi Otedola has racked up shares worth N6 billion of Dangote Cement Plc, a source with knowledge of the transactions said Mr Otedola, the source said, acquired the shares in his name. Sub-Saharan Africa’s largest cement maker Dangote Cement recently leapfrogged telecommunications powerhouse Airtel Africa to become Nigeria’s biggest company by market capitalisation,…
Asset management Corporation of Nigeria AMCON has renewed its legal battle against Mobil workers (EKET) Multipurpose co-operative,in order to recover a debt of N14,733,502,334.06. The plaintiff, AMCON is a body established by an Act of the National Assembly of Nigeria to assist eligible financial institutions to efficiently acquire or dispose of eligible bank assets in accordance…
CBN has announced the date to hold its first MPC Meeting under Yemi Cardoso. CityNews reports that the Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting on February 26th and 27th. This is according to a tentative MPC meeting calendar for 2024 signed by the apex bank’s Director of…
President Muhammadu Buhari’s plane nearly crashed with him and his aides in November 2015, six months after being sworn in as Nigeria’s president, a new book released in Abuja on Tuesday, has revealed. In the book Working with Buhari: Reflections of a Special Adviser, Media and Publicity (2015-2023), written by Femi Adesina, Buhari is said…
With the signing of a tripartite agreement with DayStar Power Solutions Limited (Daystar Power) and The Wood Factory Limited (Wood Factory), Abuja Electricity Distribution Plc (AEDC) solidified its leadership in the provision of integrated power solutions on Thursday, January 18, 2023. AEDC will lead the delivery of its first grid-connected and solar hybrid power solution…
Using pornography, according to Pope Francis “undermines sexual pleasure that is a gift from God”, characterizing it as “satisfaction without a relationship”.In a homily on Wednesday, the Pope discussed the gift of sexual pleasure as a gift from God during a series on vices and virtues at the Vatican. The speech concentrated on what he claimed…
The Nigerian comedian AY Makun’s wife, Mabel, has expressed alarm about what she believes to be a danger to her life. On Thursday night, the businesswoman claimed that someone was attempting to take her life on her Instagram page. Mabel stated that “there is one person to be held responsible” if something were to happen…
The Nigerian singer Tiwa Savage claims that she was “robbed” in London, United Kingdom. The celebrated singer disclosed that the event happened on Wednesday in an Instagram post. “Damn London, una show me pepper o. I got robbed yesterday,” she wrote. But the musician didn’t give enough background information on the robbery incident. The post…
