BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.

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 FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION  PRESS STATEMENT  BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY  The Federal Government of Nigeria is aware of attempts by Binance to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations. In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company.  This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria. The facts of this matter remain that Binance is being inve
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NIGERIAN BREWERIES ANNOUNCES HIKE IN PRICE OF BEERS AMID ECONOMIC CHALLENGES. (PHOTO).

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Nigerian Breweries announces hike in price of beers amid economic challenges

Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023.

In a letter seen by Nairametrics and dated 1st August 2023, the company established the need to review prices due to the soaring rise in input costs and the necessity to cushion its impact.

It partly reads, “This is to inform you that we will review the prices of some of our SKUs effective Thursday 10th August 2023.”

It is reported that the decision to increase prices is attributed to several factors that have bedevilled the Fast-Moving Consumer Goods (FMCG) industry.

This latest development in the beverage market is likely to affect consumer purchasing decision who might be forced to cut back on their beer consumption or seek more affordable alternatives.

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