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Abdul Samad Rabiu, Chairman of BUA Foods Plc, has leveled scathing accusations against competitors in the food industry, accusing them of deliberately creating shortages to raise prices. In a statement issued on Thursday, Rabiu revealed that his company faced significant challenges in maintaining lower product prices due to the actions of other manufacturers. Rabiu pointed out that the price of …

The Lagos Chamber of Commerce and Industry (LCCI) has issued a statement expressing cautious optimism regarding the recent small decline in Nigeria’s inflation rate. Although the headline inflation rate in August fell to 32.15 percent from 33.40 percent in July, the council warned that overall inflation conditions remained challenging. In a statement released on Thursday Dr. Chinyere Almona, Director General …

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The All Progressives Congress (APC) on Thursday accused the New Nigerian Peoples Party (NNPP) of planning to use funds diverted from local councils for next month’s elections in the state. The state government will hold elections in 44 local government areas of the state on October 26. The APC chairman in the state, Alhaji Abdullahi Abbas, made the allegation in …