Experts fear more multinationals’ exit over forex challenges
The decision by Procter & Gamble to discontinue manufacturing operations in Nigeria, opting for an import-only model, is indicative of a broader trend that may see more companies shutting down due to the ongoing forex challenges. The American company said it was shutting down manufacturing operations due to challenges operating as a dollar-denominated organisation and attributed its strategic shift to the macroeconomic conditions in Nigeria. At least five multinationals have winded down operations in Nigeria in the last 10 months. One of these firms is GlaxoSmithKline Consumer Nigeria – the firm announced plans in August to exit the country after 51 years of operations. “They have many reasons; it could be because of high inflation, high exchange rate, and insecurity, the problems are humongous,” he said.
Source:Punch
December 10, 2023 14:20 UTC
Mark Magsayo scores one-punch KO of Isaac Avelar in 130-pound debut
Photo from Team MagsayoLONG BEACH, California – Mark Magsayo made a statement to the rest of the 130-pound division. Magsayo scored an emphatic one-punch knockout victory over Isaac Avelar Saturday night before a partisan crowd at the Infinite (also known as the Thunder) Studios. The pace of the fight slowed, but Magsayo connected with the more-effective punches. Avelar did have his moments, connected with the occasional counter hook or sweeping right cross to the head of Magsayo. Early in the third round, Magsayo connected with a combination that dropped Avelar to one knee.
Source:Punch
December 10, 2023 14:10 UTC
Manchester City set for heavyweight Luton fight after ‘punch in the face’
Sometimes, according to Pep Guardiola, “you need a punch in the face” to see how you react. Manchester City have received a metaphorical blow after four games without a win in the Premier League to derail their challenge for a fourth successive title. Given those fixtures, there is every chance City could enjoy three months of accumulating points after a difficult period. “For me as a manager I don’t say: ‘We lose games because you don’t run, you don’t fight, you are complacent, you don’t have character’ – it’s too simplistic. Rodri will be back in central midfield, adding the assurance Guardiola requires because without his compatriot in the Premier League, City have often fallen short.
Source:Punch
December 10, 2023 11:38 UTC
‘I was born a hero, lived the life of a hero’, Kokori’s last testament
Disclosing his last testament in a recorded video, as instructed by the octogenarian, Mr Barry Oke Atavwada, one of his aides, said he reiterated his mission on earth, that he was born a hero, lived as one, and died as one. I was born a hero, I have lived the life of a hero. Amid gasps for breath, he averred: “… a good man, a good man….he cherished my life” (apparently referring to Governor Oborevwori) before lapsing into a coma on Sunday, according to Mr Atavwada. Oborevwori wasn’t as close to him as some people, but Oborevwori showed love and concern as a good man. “He pleaded with Oborevwori to help four persons who were close to him, aside from the children.
Source:Nigerian Tribune
December 09, 2023 16:54 UTC
Infinix unleashes game-changing HOT 40 Series for ultimate mobile gaming
Infinix officially unveils the HOT 40 series, featuring the HOT 40 Pro, HOT 40, and HOT 40i models providing gamers of all budgets an action-packed smartphone to level up their mobile entertainment experience. “The HOT 40 SERIES leads the way with its exceptional performance and groundbreaking features, all packed in an aesthetically stunning design. The Pinnacle of Smartphone Gaming & EntertainmentThe HOT 40 SERIES is designed to deliver exceptional performance for everyday tasks, gaming, and entertainment. The HOT 40 Pro boasts an enhanced 5000mAh long-lasting battery, integrated with the exclusive Power Marathon solution. The HOT 40 Pro is available in Horizon Gold, Starlit Black, Palm Blue, and the newly introduced Starfall Green.
Source:The Guardian
December 09, 2023 14:47 UTC
Infinix Redefines Mobile Gaming with HOT 40 SERIES Global Launch
Infinix officially unveils the HOT 40 series, featuring the HOT 40 Pro, HOT 40, and HOT 40i models providing gamers of all budgets an action-packed smartphone to level up their mobile entertainment experience. “The HOT 40 SERIES leads the way with its exceptional performance and groundbreaking features, all packed in an aesthetically stunning design. The Pinnacle of Smartphone Gaming & EntertainmentThe HOT 40 SERIES is designed to deliver exceptional performance for everyday tasks, gaming, and entertainment. The HOT 40 Pro boasts an enhanced 5000mAh long-lasting battery, integrated with the exclusive Power Marathon solution. The HOT 40 Pro is available in Horizon Gold, Starlit Black, Palm Blue, and the newly introduced Starfall Green.
Source:Punch
December 09, 2023 14:21 UTC
Politics - Explain delay in appointment of judges, court orders Obaseki - Punch Newspaper
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Source:Punch
December 09, 2023 13:39 UTC
Entertainment - Josephine Ishola crowned as Face Of Zikel 2023 - GUARDIAN Newspapers
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Source:The Guardian
December 09, 2023 13:13 UTC
PUNCHING AMAZONS!
Adijat Gbadamosi (8-0-0)Gbadamosi boasts an impressive professional record of eight wins with no losses. Her resilience in the ring has earned her recognition as a promising force in the world of female boxing. Her consistency and strategic prowess have propelled her to the upper echelons of Nigerian female boxing. Her resilience in the face of challenges has cemented her reputation as a formidable female boxer. Celina Agwu (3-1-0)Celina Agwu has showcased her talent with 3 wins and 1 loss in her professional boxing career.
Source:Punch
December 09, 2023 12:14 UTC
I have six girlfriends, not eight, says husband who complains wife denies him s3x
According to Zambia Observer, A married man of Kazungula District, Zambia, has confessed to having only six girlfriends and not eight, attributing his extra-marital affairs to his wife’s habit of denying him his conjugal rights. This was heard in a case in which Sachaba Maimbolwa, 46, a fisherman of Kasaya village, was sued for divorce in Livingstone Local Court A1 by his wife, Lydia Mutalikelwa, of H 243 Zecco Township. The couple got married on December 18, 2006. The couple has five children. READ ALSO FROM NIGERIAN TRIBUNE
Source:Nigerian Tribune
December 09, 2023 12:04 UTC
Infused Kitchen: Cannabis-infused Holiday Cheer Punch
Infused Kitchen: Cannabis-infused Holiday Cheer PunchThe holiday season is a canvas of sparkling lights and hearty laughter, a time to create memories that warm the heart throughout the year. In this spirit, we introduce a unique addition to your festive repertoire – a Cannabis-Infused Holiday Cheer Punch. Stir in the cannabis-infused simple syrup, adjusting to your desired potency. Before serving, add ginger ale and sparkling juice for a festive fizz. This holiday punch is designed to warm hearts and elevate spirits, adding a touch of magic to every moment of your celebration.
Source:Punch
December 09, 2023 09:33 UTC
The Best Bottles to Gift This Holiday Season
If you have someone in your life who is a lover of Scotch, but not a lover of its prices, this one’s for you. The 10-year has crept up and up to its current resting place above $100. Couvreur is a Belgian who showed up in Burgundy in the ‘50s with the intention of making wine, and ended up blending and aging artisanal Scotch whisky instead (his family now runs the operation). This shows all of the dried fruit and slightly nutty profile of sherry cask whiskey paired with the high-toned, saline profile I seek from great Scotch. Easily one of the most unique whiskies I’ve tried under $100.
Source:Punch
December 09, 2023 06:19 UTC
Punch a pillow, hug your pet, write to your MP: 22 ways to deal with your anger
“It’s normal, healthy and evolutionarily important.”It can be a powerful force for good, says David Woolfson, anger specialist and psychotherapist. Then take it a step further: “Think about more vulnerable feelings like ‘let down’, ‘hurt’, ‘embarrassed’, ‘jealous’ – and write those down. … or do nothingThe urge may be to lash out, hit something or burst into tears, but Woolfson says: “If you can do nothing when you’re angry, you’re doing a lot because otherwise you’d be doing all those unpleasant things. “It depends on where you’re looking, what you’re reading and watching, and who you’re listening to,” says DeFoore. When we don’t pay attention to those, we build up the anger ourselves.”ExhaleThink you’re about to blow a fuse?
Source:Punch
December 08, 2023 23:51 UTC
Oyo anti-graft agency transfers seven corruption cases to Attorney-General
The Oyo State Anti-Corruption Agency (OYACA) has disclosed that it has received 263 petitions from government departments, institutions and individuals on different corruption cases out of which 159 cases have been investigated and concluded while 104 cases are under investigation. The agency added that seven corruption cases have been forwarded to the State’s Attorney-General’s office for prosecution while another 14 cases of fraud have been taken to Court by the State’s Ministry of Justice. “Oyo State Anti- Corruption Agency (OYACA) joins the entire world to mark the International Anti–Corruption day today to renew its commitment of working together with the good people of Oyo State and the whole world to end corruption and its devastating impacts on the society. This informed his decision to establish Oyo State Anti- Corruption Agency (OYACA). Oyo State Anti-Corruption Agency (OYACA) was inaugurated by His Excellency, Engr Seyi Makinde FNSE, on 22nd December and commenced full operations in April, 2021.
Source:Nigerian Tribune
December 08, 2023 21:37 UTC
Marketers lament as inflation, forex shoot up operating costs
Accelerating inflation and the foreign exchange shortage in the country have been having adverse impacts on the businesses of oil marketers, OPEOLUWANI AKINTAYO writesThe country’s high inflation trend and scarcity of foreign exchange are beginning to take a serious toll on the businesses of oil marketers. “The forex has been badly managed and this has impacted on the landing cost of PMS, and by extension the pump price. According to Akinrinade, the downstream business has been unstable as a result of the high cost of products. Bank lending rate is also very high, contributing to the high cost,” he said. According to Kyari, high production costs would impede the adoption of clean energy in Nigeria.
Source:Punch
December 08, 2023 19:40 UTC