Several companies have been using shrinkflation to rip off customers for years. In 2015, @Pepsi_Naija and @CocaCola employed it until @getbigi and @BigCola9ja disrupted the market—a move that reversed both household brands into default setting. However, Pepsi and Coca-cola aren't the only FMCG involved in shrinkflation, as this deceptive but legal activity dates back to over a decade in the Nigerian market.
@cenbank will be offering N223.2 billion T-bills in the first August 2019 #PMA.
Operatives of the EFCC from its Ilorin Zonal office have apprehended about 6 bank MDs over an alleged fraud of N2 billion.
CEO's of some of the largest publicly quoted companies on the Nigerian Stock Exchange earned a whopping N5.459 billion in 2018
Canal+, a French film/TV studio, and distributor made a move to penetrate the African movie market with its acquisition of ROK, one of the leading film studios and international TV networks in Africa.
@cenbank has revealed that milk importation is not banned as against widespread reports.
$1billion military spending shrinks Excess Crude Account to $480 million
Here is why @ugodre loves to look at the revenue reserves of a company. Find out
President Muhammadu Buhari's ministerial list is finally out. The Senate President, Ahmed Lawan, read the full list on the Floor of the Senate on...
The Central Bank of Nigeria (CBN) has finally confirmed the licensing of three new banks. This is revealed in the information obtained from the...
The latest household survey carried out by Nairametrics Research has shown a sudden spike in the prices of locally made palm oil, while the prices of Melon and Tomatoes are easing off.
Thie list contains the best performing PFA's in Nigeria since the introduction of the multi-fund structure for pension funds.
HOT MONEY: Foreign Investors ship-out N257 billion from Nigerian stock market
Although, Femi Otedola’s decision to divest his shares in Forte Oil came as a surprise to many Nigerians, it was more surprising that it was acquired by Nigerian company, Prudent Energy & Services Limited, owned by a Nigerian businessman and oil mogul.
If Dangote gives you a substantial check (amen!), do not change the wedding venue to the moon. Instead, invest the gift. Marriage is more than the wedding and more about the many years ahead. And it's expensive, literally.
@SankoreInvests has increased its business portfolio with the introduction of Real Wealth Fund and Sankore Agricultural Fund. Both funds have been created to financially support the capital needs of growth companies in the real estate business and agric market in Nigeria.
There is a general belief that you cannot be rich working for someone else. Here is how to prove that wrong.
Three quick ways to find out if a stock is overvalued #Stock
Nigeria's rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk of the country's revenue to service debts.
We often hear stories of people being defrauded of thousands, or even millions of Naira. As scary as the stories sound, we oftentimes still fail to take certain precautions to ensure we don’t fall victim.
From the late 1970s to early 2000s, @mrbiggsng was the most sought-after fast food restaurant, but 33 years later, the company is gradually winding up, becoming a fading memory in an era of competition; the fall of this giant will, however, cost Nigerians a lot.
@vfdgroup may take a key stake in Abbey Mortgage Bank Plc, through a private placement. Shareholders of the bank gave approval at its AGM held this week.
The National Bureau of Statistics released its June 2019 Consumer Price Index showing inflation rate rose 11.22% year on year, the slowest rise in...