Author: Aishat Olalere

Spice extracts manufacturer, Freddy Hirsch Nigeria says it has introduced a new line of chicken flavours to cater to the diverse tastes sought after in the West African market. In a statement, the company said the new products were borne out of the increasing demand for authentic culinary experiences among African consumers. The new products include chicken tones, featuring BBQ chicken, Peri-Peri chicken, Pepper Soup chicken, Fried chicken, Suya chicken, Curry chicken, and Smoky Jollof chicken. According to the statement, the wide applications of Freddy Hirsch’s Chicken Flavors make them ideal for various culinary delights, including soups, bouillon, savoury snacks,…

Aisha Achimugu, Abuja-based socialite, has been asked by the FCT Internal Revenue Service to provide details of her annual tax reruns to the agency. It said, “The FCT Internal Revenue Service extends our warmest birthday wishes to you! In a now-deleted post on its official X (formerly Twitter) platform, the FCT-IRS had reached out to the socialite to avail the agency of her tax returns. “May this special day be filled with joy and blessing. Remember to fulfill your tax obligations by filing your annual tax returns.’’ The move by the tax agency was as a result of how Aishat…

Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar. On Friday, the naira plunged to N1,420/$ at the parallel window of the foreign exchange market. The President of the Manufacturers Association of Nigeria, Francis Meshioye, on Saturday said that the naira, which has now remained at over N1,400 in the parallel market for two days, would lead to price hikes in the economy. He said, “It is not possible to remain profitable with this exchange rate. The first challenge is breaking…

Burkina Faso, Mali and Niger Republic, which are currently under military rule, said they ceased to be members of ECOWAS as the regional body had allegedly “moved away from the ideals of its founding fathers and pan-Africanism.” The three countries, on Sunday, that they had quit their membership of the Economic Community of West African States. In a joint statement on Sunday “done in Ouagadougou, Bamako and Niamey” by their military leaders, Capt. Ibrahim Traoré (Burkina Faso), Col. Assimi Goita (Mali), and Brig. Gen. Abdourahamane Tiani (Niger Republic), the three countries announced their withdrawal from ECOWAS. But the ECOWAS Commission,…

The Federal Government (FG) says plans are on to evacuate the dormant 30 Megawatts (MW) in the Kashimbila hydropower plant to the national grid. The Kashimbila hydropower plant has an installed capacity of 40 megawatts but only 10 megawatts is presently being evacuated. Mr. Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media Relations, quoted the minister as saying this in a statement he issued in Abuja on Thursday. Tunji quoted the minister as saying this while on an inspection tour of the power plant in Taraba State and the 56 Kilo Meter (km) and…

A foremost professional services firm, PwC Nigeria, Thursday released its Nigeria Economic Outlook report for 2024, projecting a marginal decline in inflation and 3.1 per. The GDP projection by PwC is lower than the 3.4 which the Nigeria Economic Summit Group (NESG) projected a day before. The report also points to a gloomy 2024 with rising poverty levels and the lingering cost of living crisis in the country. It stated that achieving sustainable growth in 2024 “requires balancing ambitious fiscal reforms with effective budget implementation” while highlighting the importance of “aligning fiscal and monetary policy to stabilise prices and reach…

Mazi Eze, a Lecturer at the Department of English, University of Port Harcourt, shared his frustration after being denied a N5 million loan due to his monthly salary of N191,000. Eze expressed disappointment over the challenges faced by academic staff members at the institution, highlighting the significant salary gap compared to counterparts in other universities who reportedly receive monthly incomes ranging from N230,000 to N250,000. Narrating his experience in a post on his Facebook page on Thursday, Eze recalled his visit to First Bank, Choba, where he sought a loan to enhance his Public Speaking Academy Limited and acquire social…

The Federal Government has stated the need to ensure strict regulation of tobacco industry in accordance with the country’s legislation and global best practices. The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, disclosed this recently in Lagos at the formal lunch of the Federal Competition and Consumer Protection Commission tobacco control advocacy campaign, tagged ‘Don’t burn their future.’ Pate, who was represented at the event by the Chairman of the Tobacco Control Unit, Federal Ministry of Health, Dr Malau Toma, noted that for every $1 a country gains from tobacco, $3 more was expended on healthcare costs…

Former CBN Governor, Sanusi Lamido, in a statement on Thursday, deemed the move as “eminently sensible,” citing the larger infrastructure capacity in the Lagos office. The former Emir of Kano, has urged the Central Bank of Nigeria to go ahead with the move to relocate selected departments from Abuja headquarters to Lagos. They argued that such relocation may exacerbate economic disparities between the North and South. The apex bank’s decision to relocate some of its departments from Abuja to Lagos had ignited controversies in the past weeks, particularly from the Northern political class. Sanusi advised the CBN Governor, Olayemi Cardoso,…

The Lagos State Internal Revenue Service (LIRS) said it has embarked on enforcement exercise against tax defaulters in the state, with bench warrants already issued and executed against principal officers of some organizations. Mr. Seyi Alade, Director, Legal Services, LIRS, who disclosed this in an exclusive interview, said that the agency is set to extend the enforcement exercise to all tax-defaulting companies and individuals in the state. His words: “Bench warrants were issued and recently executed against principal officers of some companies for failing to file their annual returns and respond to the criminal summons issued against them by…