Al Jazeera Reports on Erisco Vs Chioma’s saga

On September 16, 2023, Chioma Okoli posted a review of the Nagiko tomato puree she bought at a street market in Sangotedo, Lagos, on her Facebook page. She was telling the few thousand followers on her small-business page that it tasted more sugary than other products, asking those who had tried it what they thought. The post

Guinness Looks to be Exiting Nigeria, sells Major stakes

Diageo Plc, the UK-based majority owner of Guinness Nigeria, looks to be exiting Nigeria after selling its 58.02% stake to Tolaram Group, the consumer food giant. Tolaram paid ₦81.60 for those shares, implying around a 60% premium on Guinness Nigeria’s Monday closing price of ₦50. Diageo will retain ownership of the Guinness brand it will be licenced to Guinness

CBN Dissolves Board, Management of Another 3 Prominent Banks in Nigeria

The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. In a press statement signed by the Ag. Director, Corporate Communications, Sidi Ali, Hakama (Mrs.), the CBN said; “this action became necessary due to the non-compliance of these banks and their respective boards with the