Summary of the Story African civil society organizations released a report, “Sweetened Profits,” exposing Big Soda’s tactics to undermine sugar-sweetened beverage taxes. The report reveals five strategies used by Big Soda: economic alarmism, exploiting social concerns, manipulating tax designs, mounting…
Summary of the Story Global Public Debt Projection: The IMF forecasts global public debt to exceed $100 trillion by the end of 2024, accounting for approximately 93% of the world’s gross domestic product (GDP). Debt Increase Drivers: China and the…
By Royal Ibeh | Vivo has officially unveiled its latest flagship smartphone, the Vivo V40, boasting significant advancements in mobile portrait photography. CEO of vivo Nigeria, Mr. Toni liu, “With V40, we’ve focused on blending powerful mobile portrait photography, lasting…
Story Summary: Nigerian petroleum marketers are demanding transparency from Dangote Refinery regarding the price at which it sold petrol to the Nigerian National Petroleum Company Limited (NNPCL). NNPCL announced new petrol prices, with costs ranging from N950.22 per litre in…
Story Summary: Human rights lawyer, Femi Falana, SAN, has criticised the Nigerian National Petroleum Company Limited (NNPCL) for setting the price of petrol produced by the Dangote Refinery, stating that it violates Section 205 of the Petroleum Industry Act (PIA),…
Story Summary: Inflation Eases: Nigeria’s inflation rate fell to 32.15% in August 2024 from 33.40% in July, marking a 1.25% decrease in headline inflation. Food Inflation Declines: Food inflation dropped to 37.52% in August, down from 39.53% in July, showing…
Story Summary: Approximately 300 trucks from the Nigerian National Petroleum Company Limited (NNPC) have arrived at the Dangote Refinery in preparation for a major petrol loading scheduled for Sunday, September 15, 2024. NNPC spokesperson Olufemi Soneye confirmed the arrival of…
The Corporate Affairs Commission (CAC) has announced it will take severe measures, including shutting down Point of Sales (PoS) businesses that failed to register by the September 5 deadline. In a public notice released on Friday, the CAC highlighted the…
Story Summary: Dangote Group Denies Reports: The Dangote Group has refuted claims that the Nigerian National Petroleum Company Limited (NNPCL) has begun lifting fuel from its new refinery. False Report: Reports suggested that NNPCL was selling petrol from the Dangote…
Story Summary : NNPCL Warning: Adedapo Segun, Executive VP (Downstream) of NNPCL, alerts Nigerians to brace for more fuel scarcity. Price Increase: Fuel prices have risen to ₦855 per litre at NNPC stations. Market Stabilization: Segun emphasizes the need for…
