CBN promises further drop in inflation

Nigeria Consumer News

Nigeria’s Central Bank Governor, Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single digit rates mid-next year. Speaking on a sideline of an investment conference at the London Stock Exchange, Emefiele said he was very optimistic that food prices would come down and as they […]

Business Prices of yam, tomato, others skyrocketed in June – NBS

The National Bureau of Statistics (NBS) has reported that prices of yam, tomato, and other foodstuffs skyrocketed in June. The Selected food price watch data for June 2017 released yesterday by the NBS revealed that the average price of 1 kilogram of tomato increased year-on-year by 9.74 per cent and month-on-month by 10.39 per cent […]

Bag of Rice To Sell For N9,000 By December

The Chairman, Alimosho Local Government in Lagos, Mr. Ganiyu Quadri, on Tuesday said the agro-business scheme run by the Lagos State government in Kebbi State will put an end to the high cost of foodstuff in the Southwest. Specifically, the council boss said the price of a bag of rice, which is N18,500, will drop […]

Alcatel upsets competition with Pixi 4 7-Inch

Alcatel-Lucent of France, makers ofAlcatel mobile phones and TCL Communication of China, have launched its latest brand, Pixi 4 7-Inch, to challenge other players to step up the game of creating new consumer experiences. The launch, according to a brand analyst, Joel Agbo, provides a litmus test that could spark a major brand switch among […]

InnJoo plans to open manufacturing plant in Nigeria

A new mobile phone entrant into the market, InJoo is set to build a phone assembling and manufacturing factory in the country. It said this would help promote technology transfer and open a new vista of employment and other opportunities for youths, adding that with a huge population of energetic young men/women, the country remains […]

Japanese Electronics brand Syinix Officially Launches its TV Sets in Nigeria

Electronics manufacturer, Syinix has launched into the Nigerian market, a new television set, technologically designed to function in English and local languages like Yoruba, Hausa and Igbo. Known as Syinix TV set; its manufacturer said it was a purposely designed to be “users-friendly with the adaptability for average. Nigerians who may not be lettered in […]

Pick n Pay Announces Plan To Enter Nigerian Market

South Africa’s local retail giant Pick n Pay has announced plans to enter the Nigerian market in a joint partnership with Nigerian stock exchange-listed AG Leventis. Making this announcement at the release of the group’s full-year results on Tuesday, CEO Richard Brasher noted that the Nigerian market is one the company can no longer afford […]

Home Appliances Giant, Bosch Enters Nigeria Market

Global home appliances giant, Bosch, has partnered a Nigeria company, Pedini Nigeria Limited, to compete and give consumers choices in the market. Speaking at the inauguration of the Bosch Centre in Lagos recently, the Chief Operational Officer of the company worldwide, Dr. Michael Schoellhorn, said Nigeria’s population and growth prospect is among other attractions that propelled […]

Oando introduces new lubricants into the market

Oando Marketing Plc has  spent  $400million to produce a wide range of lubricants. It also introduced a new lubricant for the automobile market. At the unveiling of the synthetic lubricant, Oleum SYN, in Lagos, its Chief Operating Officer, Mrs. Williams Olaposi, said the product was introduced to meet the needs of users of top-of-the-range cars. […]

Nigeria’s 5th Telecoms Player ‘NTEL’ Begins Operation

A fifth telecoms players, NTEL, yesterday has entered the Nigerian telecoms market, giving the sector a $32 bn boost. NTEL said it would operate offer its services via the GSM technology with a plan to run 4G technologies across the country. NATCOM Development and Investment Limited, which bought over NITEL through a guided liquidation process, […]

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