Ibadan

Procter & Gamble (P&G), the multinational consumer goods manufacturer which launched its Nigerian subsidiary in 1993, is shutting down manufacturing activity in Nigeria, joining the fast-expanding ranks of foreign companies that are unable to muddle through the tough business conditions in the country. The company’s chief financial officer (CFO), Andre Schulten, said Tuesday in New York that P&G is taking the decision because it is pretty difficult for his company, as a U.S. dollar-denominated…

Motorists and commuters in Ibadan are having a hard time as gridlocks caused by fuel queues hinder free vehicular movement in the Oyo State capital.Speaking with the News Agency of Nigeria (NAN) on Tuesday, Sanni Olatunde, an employee of a private company, said no-one had been able to explain the cause of the fuel scarcity. He said the situation had been a source of concern as every aspect of work life had been affected. “Fuel stations sell at different prices per litre of petrol and there is no regulator to…

The EFCC has arrested Sunday Adepoju, owner of the De Rock Club in Ibadan and 21 others over alleged internet-related fraud. Its spokesperson, Wilson Uwujaren, stated in Ibadan on Monday that the suspects were arrested at the club located on the popular Ring Road in Ibadan during an intelligence-driven operation. Also arrested were a couple Aladenusi Ayodeji and Aladenusi Sadiat (a.k.a Bonnie and Clyde). Others, according to the EFCC spokesperson were Ajuwon Ibrahim, Ogunniyi Stephen, Bolaji Quadri, Olajire…

In 2001, Mr Ade bought a plot of land in a place in Ibadan called Aduloju village. The first problem he encountered was some people coming to claim ownership of the property after some time. He soon got to know that the person he did business with was not supposed to sell the property and some of the documents he received were fake. He had to pay twice as much to the people that approached him just to retain the land. As if that was not enough, a few weeks after construction started,…