MAN kicks against N10 excise duty on soft drinks
The Manufacturers Association of Nigeria (MAN) says the introduction of excise duty on non-alcoholic beverages will cause a 0.43 per cent contraction in output and about 40 per cent drop on total industry revenues in the next five years. Mr. Segun Ajayi-Kadir, MAN Director-General, said this in Lagos while reacting to the introduction of N10 excise duty on carbonated drinks...
Ekiti 2022: PDP adjusts timetable, fixes guber primaries for January 26
The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has adjusted its timetable and schedule of activities for the party’s primaries ahead of the June 18 governorship election in Ekiti State. The latest development was made known via a statement by the National Organizing Secretary, Hon. Umar Bature, on Wednesday. Bature stated that the ward congress to elect three-man...
DHQ to politicians, others: Stop wearing military uniform
The Defence Headquarters (DHQ) has warned against wearing military uniforms and accoutrements for electioneering posters by some politicians and other unauthorised persons. The Acting Director, Defence Information, Air Commodore Wap Maigida, gave the warning in a statement on Thursday in Abuja. Maigida said that the campaign posters of some governors, dressed in military camouflage uniforms, were displayed in noticeable areas in...
Malami to S’West govs: Sanctity of law is not a matter of choice
The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), has explained why policemen were dispatched to Magodo Phase 2 Estate area of Lagos State. He said the action was taken because the state government refused to implement a Supreme Court judgement. Malami stated that “sanctity of the rule of law is not a matter of choice.” This is...
Burna Boy gifts self N253m Lamborghini
Grammy award-winning Nigerian singer, Damini Ogulu, fondly known as Burna Boy, has gifted himself a 2022 Lamborghini Urus Novitec Edition. The car, according to Carmart, is worth ₦253,946,000 excluding shipping and customs fees. The self-acclaimed African Giant announced the purchase of the new car on his Instagram page on Wednesday night. READ ALSO: Wizkid gets 2 nominations for 2022 Grammy Awards Burna Boy, who...
Yoruba actress, Iyabo Oko, wakes up three hours after pronounced dead
Veteran Nollywood actress, Sidikat Odukanwi, well known as Iyabo Oko, has been declared alive by her daughter, Bisi Aisha, saying the 62-year-old actress woke up after three hours she was announced dead. Aisha made this known via a post on her Instagram page in the early hours of Thursday. According to her, Iyabo Oko moved her hand after three hours she...
Dowen College: Oromoni family alleges cover-up, seeks justice
The family of the late Sylvester Oromoni (Jnr), has decried the legal advice reportedly issued by the Directorate of Public Prosecution (DPP), Lagos, over the death of their son. The 12-year-old Sylvester Oromoni, a student of Dowen College, Lagos died on November 30, 2021, after he was allegedly bullied and tortured by five senior students. His father had claimed that Sylvester...
BUA Foods adds N720bn to market capitalization, lists 18bn shares
BUA Foods on Wednesday joined the league of listed companies on the Nigerian Exchange Ltd (NGX) with the listing of 18 billion ordinary shares at N40 per share. The company listed by its introduction under the Consumer Goods sector of the NGX. Accordingly, the listing of BUA Foods’ shares added N720 billion to the market capitalisation of the NGX, further boosting...
PDP to Salami: Buhari, APC won’t implement your ideas
The Peoples Democratic Party (PDP) has described the appointment of Dr. Doyin Salami as the Chief Economic Adviser to the President as “a design to make the economist a scapegoat for the abysmal failures of the All Progressives Congress (APC) government.” The opposition party, in a statement by the PDP National Publicity Secretary, Hon. Debo Ologunagba, on Wednesday, said a...
NNPC targets 1.8m barrels per day, produces 1.74m
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has declared that the country now produces 1.74 million barrels of crude oil per day. Kyari gave the figure in Abuja on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act. “Three months ago we came down to 1.5 million barrels per day because of...
