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Taking Fanta, Sprite with Vitamin C is Poisonous, Court Insists


A Lagos high court has insisted that the National Agency for Food, Drug Administration and Control (NAFDAC) must mandate the Nigeria Bottling Company (NBC) to include on all bottles of Fanta and Sprite soft drinks manufactured by the company a written warning that the content in such bottles of Fanta and Sprite cannot be taken with Vitamin C as same ...

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FG disburses fresh N243.7bn Paris Club refund to states


The Federal Government, on Tuesday, confirmed the release of N243.79bn as the second tranche of  Paris Club Refund to the 36 state governments and the Federal Capital Territory. The Director of Information in the Federal Ministry of Finance, Mr.  Salisu Dambatta, confirmed the release in a statement. With the fresh release of the second tranche of N243.79bn, the amount so ...

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Brand withdrawal: Change of name won’t affect operations – Etisalat Nigeria


Emerging Markets Telecommunication Services Ltd. trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. The Vice President, Regulatory and Corporate Affairs, EMTS, Mr Ibrahim Dikko, in a statement said that EMTS was aware of recent news reports regarding Etisalat Group’s withdrawal of the right to the continued use of ...

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BoI to Inject N1tr into local economy


The Bank of Industry (BOI) plans to inject N1trillion into the Nigerian economy through collaboration with financial institutions in the country and development institutions in Africa. The Managing Director of BOI, Mr. Olukayode Pitan disclosed this to journalists on Tuesday at the inauguration of the governing board of the bank at BOI’s headquarters in Abuja. The synergy, Pitan said was to ...

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EEDC awards N10bn pre-paid meters contract


The Enugu Electricity Distribution Company says it has awarded N10bn contract to commence the first phase of customer metering, in a bid to provide all customers with pre-paid meters. A Director and board member of the company, Dr. Stephen Dike, who made this known in Enugu on Friday, however, said that it would take the company five years to provide ...

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N541 billion Debt: Access Bank, others take over Etisalat Nigeria


A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring ...

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FG recruiting 7,500 graduates as Tax Officers – Adeosun

Minister of Finance, Mrs. Kemi Adeosun

The Minister of Finance, Kemi Adeosun, has disclosed that federal government is currently recruiting 7,500 graduates as Community Tax Liaison Officers (CTLOs) to raise tax awareness among citizens. According to her, the recruits would be expected to go to schools, churches, mosques, markets and other social places to educate people on the tax system and let them know their obligations. ...

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Enugu Government moves to revive Hotel Presidential

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The Enugu State government has announced some concrete steps towards restoring Hotel Presidential Enugu to its former glory. Briefing journalists on the outcome of the State Executive Council meeting held at the Government House, Enugu, the commissioner for information, Dr. Godwin Udeuhele, said that clearing works at the hotel had already commenced. “This directive was sequel to an exhaustive discussions ...

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CBN suspends nationwide implementation of cash-less policy

CBN House

Central Bank of Nigeria (CBN), Friday, suspended the nationwide implementation of the cash-less policy indefinitely. In a circular signed by Dipo Fatokun, Director, Banking and Payments System Department of CBN,, the apex bank instructed banks to revert to old charges and refund customers who had been debited. CBN had earlier announced new charges on deposit and withdrawals  above a threshold ...

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