Chinese Sentenced To Two Years Imprisonment For Tearing Naira Notes

Law & JusticeMoneyNewsChinese Sentenced To Two Years Imprisonment For Tearing Naira Notes

By Ezinwanne Onwuka (Senior Reporter)June 2, 2022

LAGOS — Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos has sentenced a Chinese man to 24 months imprisonment for ripping up Naira notes. The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC), secured the conviction of the Chinese national, identified as Li Lei Lei, on Tuesday. Li was arrested after “mutilating the Nigerian currency” during an altercation with airport officials while he was trying to board a...

CONTINUE READING
Sabinus Sues Peak Milk N1bn, Gala N100m Over Unauthorised Trademark Use

BusinessNewsSabinus Sues Peak Milk N1bn, Gala N100m Over Unauthorised Trademark Use

By Ezinwanne Onwuka (Senior Reporter)May 31, 2022

Mr. Funny has issued a 14-day ultimatum to two popular food brands to pay him for using his intellectual property or face court actions. In an Instagram post last Tuesday, May 24, Friesland Food Wamco Nigerian PLC, producers of Peak Milk, had used the phrase ‘something hooge’ in an advertisement. Displeased with the advert, the skit maker, born Chukwuemeka Emmanuel, sued the popular brand, demanding N1 billion in compensation and damages, noting that the phrase...

CONTINUE READING
Rihanna Launches Skincare Brands In Nigeria, Ghana, Other African Countries

BeautyBusinessFashionNewsRihanna Launches Skincare Brands In Nigeria, Ghana, Other African Countries

By Ezinwanne Onwuka (Senior Reporter)May 29, 2022

Pop superstar, Rihanna launched her iconic beauty line, Fenty Beauty and Fenty Skincare brand in Nigeria and seven other African countries on Friday. The Barbadian singer, who recently welcomed her first child had earlier announced that her skincare products will launch in Africa on May 27, 2022. “I’ve been waiting for this moment!! @fentybeauty and @fentyskin are finally dropping in AFRICA!!! “Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia, Zimbabwe. We coming at you on...

CONTINUE READING
Three Tiers Of Government Shares ₦636.6 Billion

EconomyNewsThree Tiers Of Government Shares ₦636.6 Billion

Hassan Umar Shallpella (Regional Correspondent)May 26, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦636.6 billion for April 2022 Federation Account Revenue with the Federal Government, States, and Local Government Councils. This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for May 2022. The Federal Government received ₦257.6 billion, the State Governments received ₦201.2 billion and the Local Government Councils received ₦149.2 billion. The sum...

CONTINUE READING
NBS: Loaf Of Sliced Bread, Beans Costliest In South-East

EconomyNewsNBS: Loaf Of Sliced Bread, Beans Costliest In South-East

By Ezinwanne Onwuka (Senior Reporter)May 26, 2022

The National Bureau of Statistics (NBS), reports that the price of selected food items have increased in the last 12 months, with the price of a loaf of sliced bread and beans costliest in the South-East. This is according to the NBS Selected Food Price Watch Report for April 2022 released on Thursday. The report showed that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis by...

CONTINUE READING
Nigeria’s GDP Records 3.11% Increase In The First Quarter of 2022

EconomyNigeriaNigeria’s GDP Records 3.11% Increase In The First Quarter of 2022

PilotnewsMay 24, 2022

ABUJA — Nigeria’s Gross Domestic Product (GDP) has recorded 3.11 percent (year-on-year) in real terms in the first quarter (Q1) of 2022, according to the National Bureau of Statistics (NBS). This was disclosed in the latest report of the NBS published on Monday, the figure showed sustained positive growth for the sixth consecutive quarter since the recession experienced in 2020, when negative growth rates were recorded in quarters two and three of that year. “The...

CONTINUE READING
EFCC Arrests Advertisement Executive in Coal City, Pulls Down Advert

BusinessNewsEFCC Arrests Advertisement Executive in Coal City, Pulls Down Advert

Ije Ulasi (Regional Correspondent)May 23, 2022

ENUGU — Two billboards located at the popular Otigba and Ziks Avenue junctions in the Coal City, Enugu have been pulled down and the outdoor advertisement Executive was arrested for hosting the billboards. The controversial message on the board bearing the Economic and Financial Crimes Commission’s logo read “2023: Enugu PDP learn from 2007 election. EFCC is coming with koboko on corrupt candidates,” with a picture of a man wearing a jacket with the inscription...

CONTINUE READING
NNPC Weekly: High Expectations as Buhari Unveils New NNPC

BusinessNigeriaOil & GasNNPC Weekly: High Expectations as Buhari Unveils New NNPC

PilotnewsMay 23, 2022

By Edith Ike-Eboh and Emmanuel Afonne Activities for the week at the Nigerian National Petroleum Company Limited (NNPC Ltd), started with a cheering news that President Muhammadu Buhari will unveil the new NNPC on July 18. This was disclosed within the week by the Group Managing Director/Chief Executive Officer of NNPC, Malam Mele Kyari, at the opening ceremony of the 8th African Petroleum Congress and Exhibition (CAPE VIII) which held in Luanda, Angola. Kyari said...

CONTINUE READING
N5, N10, N20 Will Be Out Of Circulation Soon — CBN

MoneyNewsNigeriaN5, N10, N20 Will Be Out Of Circulation Soon — CBN

By Ezinwanne Onwuka (Senior Reporter)May 23, 2022

ABUJA — The Central Bank of Nigeria (CBN) has disclosed that the N5, N10 and N20 denominations of the naira notes will be phased out of circulation. CBN consultant on e-Naira, Dr. Aminu Bizi made the disclosure at a sensitisation exercise on Friday at the popular Ogbogonogo Market, Asaba, the Delta State capital. Dr Bizi explained that the lower denominations have been weakened owing to the declining purchasing power of the naira, adding that the...

CONTINUE READING
Experts Foresee Nigerians Saving 40% of Energy Cost from Autogas Conversion

EconomyNewsOil & GasExperts Foresee Nigerians Saving 40% of Energy Cost from Autogas Conversion

Bada Yusuf Amoo (Correspondent)May 22, 2022

ABUJA — Automobile experts have expressed optimism that Nigerians will be able to save about 40% of energy cost with the taking off of the Autogas conversion initiative which sought to convert ordinary PMS/gasoline vehicles to run on the LGP and LPG Gases. The Federal Government, through the office of the Minister of State for Petroleum Resources, Timipre Sylva, had in January 2022, said that Nigeria would begin the conversion of petrol-powered vehicles to Autogas...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com