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Golden Penny introduces new spicy noodles

Golden Penny has launched a new spicy noodles flavour called ‘Jollof Hot Hot’ to its collection of noodles.  The introduction of this new and tasty noodles variant is part of the company’s commitment to providing a wider range of superior quality food product options for consumers to satisfy their daily dietary needs.

The new flavour offers consumers and customers, an extra spicy, tantalizing and also nutritious Jollof noodle option. The Golden Penny Jollof Hot Hot noodles comes in a 70g pack, fortified with protein, vitamins, and minerals, and is a great source of energy.

Commenting on the timely and beneficial impact, the Head of Marketing, Flour Mills of Nigeria (FMN), owners of Golden Penny, Ilyas  Kazeem said, “As a leading food brand in Nigeria, our goal is to continuously innovate and provide good quality products that impact positively the lives of every Nigerian, as such Golden Penny affords Nigerians great tasting, superior quality, and nutritious food products. Our unwavering commitment to this mandate for over six decades endeared millions of consumers to our brand and product range. It is therefore based on this that we introduced this new flavour. Also, we launched it at the right time as it allows consumers to enjoy the special hot Jollof flavour with their families, especially during this festive season. We would continue to evolve and innovate across all our value chain in line with our consumers’ feedback and product needs”.

Also Highlighting the nutritional value and benefits to consumers, the Noodles Category Manager, Ayokunle Iyiola stated “Customary of all our products, it is made of superior quality prepared with our consumers dietary needs in mind. The new Golden Penny Jollof Hot Hot noodles flavour has a rich blend of unique ingredients that gives a spicy and tasty Jollof flavor and colour. It is convenient to cook as it can be prepared within three minutes and can be fully enjoyed with or without additional food ingredients. It is a non-sticky, non-soggy, spicy, tasty, and nutritious meal that can be eaten at any time of the day.”

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Golden Penny reiterated its commitment to delivering superior quality products that satisfy the different nutritional needs of families, groups, and communities as it contributes in improving the food value chain in the country.

The Debt Management Office (DMO) has discloed that Nigeria’s public debt reached N44.6 trillion in the third quarter of this year (Q3 in 2022). And this represents a 2.9 percent quarter-on-quarter decrease from the N42.84 trillion recorded in the second quarter of 2022.

The DMO in a press statement on its website on Friday noted that the increase in public debt was due to new borrowings by the Federal Government to part-finance the deficit in the 2022 Appropriation Act, as well as new borrowings by sub-nationals.

DMO said that the total public debt stock comprises domestic debt of N26.92 trillion and external debt of N17.5 trillion.

The statement read, “Total public debt stock which comprises the total domestic and external debt stock of the federal government of Nigeria (FGN), all State Governments and the Federal Capital Territory (FCT) stood at N44.06 trillion.

“In comparison, the total public debt figure as of June 30, 2022, was N42.84 trillion. The total domestic stock as of September 30, 2022, was N26.92 trillion while the total external debt stock as of September 30, 2022, was N17.15 trillion.

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“The increase in the Debt Stock was largely due to New Borrowings by the Federal Government to part-finance the deficit in the 2022 Appropriation Act, as well as, New Borrowings by sub-nationals.”

Data from the DMO’s external and domestic debt service also showed that the country spent N1.17 trillion on debt in Q3’22.

This comprises N820.59 billion for domestic debt service and N356.92 billion ($801.23 million) for external debt service.

Recently, the World Bank, in its International Debt Report, IDR, said that Nigeria spent $9.6 billion to service foreign debts in 12 years, from 2010 to 2021, adding that the nation’s debt stock is not reflected in the economy.”


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