OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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FRENCH SUPERMARKET CARREFOUR PULLS PEPSICO PRODUCTS OVER 'UNACCEPTABLE PRICE INCREASES '.(PHOTO).

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French supermarket Carrefour pulls Pepsico products over 'unacceptable price increases'
Supermarket chain Carrefour has stopped selling Doritos, Pepsi and other Pepsico brands at its stores in France, Belgium, Italy and Spain amidst a dispute over price hikes, an industry source said Friday. 

We no longer sell this brand due to unacceptable price increases," say tags on shelves in Carrefour's French stores where the Pepsico products once stood. 

The source said the move also affected stores in Belgium, Italy and Spain.

It means consumers will no longer be able to find the iconic products alongside PepsiCo names such as Lay's potato chips, Lipton tea, Quaker Cereals and 7Up.

French retailers are locked in annual negotiations with big food industry firms on prices and other conditions regarding their sale in supermarkets.

"We've been in discussion with Carrefour for many months and we will continue to engage in good faith in order to try to ensure that our products are available," a PepsiCo spokeswoman said, declining to comment further on the talks.

Retailers say they are under pressure from food industry firms to raise prices.

Pepsi's main rival, Coca-Cola, said in November is was seeking to raise its prices an average of 7 percent.

PepsiCo reported in October its sales so far in 2023 had risen by 9 percent on slightly lower food sales and steady beverage sales, an indication it has also raised prices.

It said it expects to boost profits by 13 percent in 2023 and return around $7.7 billion to shareholders in dividends and share buybacks



 

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