[BUSINESS NEWS] NIGERIA DISTRIBUTES IMPROVED TOMATO SEEDS TO VEGETABLE FARMERS

THE FEDERAL GOVERNMENT THROUGH THE RAW MATERIAL RESEARCH AND DEVELOPMENT COUNCIL ON MONDAY DISTRIBUTED IMPROVED TOMATO SEEDS TO VEGETABLE FARMERS IN OYO STATE. ACCORDING TO THE COUNCIL’S DIRECTOR-GENERAL, HUSSAINI IBRAHIM, A MAJOR PILLAR OF THE FEDERAL GOVERNMENT’S ECONOMIC RECOVERY AND GROWTH PLAN IS INDUSTRIAL DEVELOPMENT AND MANUFACTURING THROUGH THE PROCESSING OF LOCAL RAW MATERIALS. ALSO SPEAKING, AT THE EVENT IN IBADAN, OYO STATE COMMISSIONER FOR AGRICULTURE AND RURAL DEVELOPMENT, OYEWOLE OYEWUMI, DISCLOSED THAT THE STATE…

"[BUSINESS NEWS] NIGERIA DISTRIBUTES IMPROVED TOMATO SEEDS TO VEGETABLE FARMERS"

[BUSINESS NEWS] NNPC TARGETS 20% IN FERTILIZER COMPANY

THE NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) IS BILLED TO TAKE 20% EQUITY IN THE PROJECT NAGARJUNA FERTILIZER PROJECT TO PROVIDE THE GAS FEEDSTOCK.   NNPC’S GROUP MANAGING DIRECTOR, MAIKANTI BARU, HOWEVER ON MONDAY CHARGED MEMBERS OF THE JOINT MANAGEMENT COMMITTEE OF THE PROJECT TO WORK HARD TO ACHIEVE EARLY FINAL INVESTMENT DECISION FOR EVENTUAL TAKE-OFF OF THE PROJECT.   THE COMPANY’S GROUP GENERAL MANAGER, GROUP PUBLIC AFFAIRS DIVISION, NDU UGHAMADU, WHO DISCLOSED THIS IN A…

"[BUSINESS NEWS] NNPC TARGETS 20% IN FERTILIZER COMPANY"

[BUSINESS NEWS] EXPERT: NIGERIA’S AGRICULTURAL SECTOR VALUE TO HIT N91 TRILLION BY 2050

THE FISHERY SOCIETY OF NIGERIA (FISON) SAYS THE VALUE OF THE COUNTRY AGRICULTURAL SECTOR IS ESTIMATED TO REACH OVER N91 TRILLION BY 2050. FIRST VICE-PRESIDENT OF FISON, BOLA ADEKOYA, DISCLOSED THIS AT THE AGRICULTURAL VALUE CHAINS STAKEHOLDER’S CAPACITY DEVELOPMENT WORKSHOP ON MONDAY IN LAGOS. ADEKOYA SAYS THE SECTOR CURRENTLY CONTRIBUTED ABOUT 47 PER CENT TO THE NATION GROSS DOMESTIC PRODUCT AND OVER 10 PER CENT TO THE EXPORT EARNINGS.

"[BUSINESS NEWS] EXPERT: NIGERIA’S AGRICULTURAL SECTOR VALUE TO HIT N91 TRILLION BY 2050"

[BUSINESS NEWS] BPE MOVES TO REVIVE ‘DORMANT’ PRIVATIZED FIRMS

THE BUREAU OF PUBLIC ENTERPRISES (BPE) SAYS IT HAS COMMENCED MOVES TO REVIVE FIRMS THAT ARE NON-PERFORMING, 10 YEARS AFTER THEIR PRIVATIZATION TO DIFFERENT CORE INVESTORS. BPE’S DIRECTOR GENERAL, ALEX OKOH, WHO DISCLOSED THIS DURING THE ENTERPRISE STAKEHOLDERS/INVESTORS FORUM IN ABUJA, ON MONDAY, DISCLOSED THAT IF THE FIRMS ARE REJUVENATED, IT WILL BENEFIT THE HOST COMMUNITY WHERE THEY ARE LOCATED AND THE GOVERNMENT OF SUCH AREAS IN TERM OF EMPLOYMENT GENERATION AND TAXES. HE SAYS…

"[BUSINESS NEWS] BPE MOVES TO REVIVE ‘DORMANT’ PRIVATIZED FIRMS"

[BUSINESS NEWS] NACCIMA URGES FG TO SIGN AFCTFA

THE NIGERIAN ASSOCIATION OF CHAMBERS OF COMMERCE, INDUSTRY, MINES AND AGRICULTURE HAS ASKED THE FEDERAL GOVERNMENT TO IMMEDIATELY SIGN THE AFRICA CONTINENTAL FREE TRADE AREA AGREEMENT TO MAKE THE ECONOMY MORE COMPETITIVE.   THE NATIONAL PRESIDENT, ALABA LAWSON, MADE THE CALL AT A PRESS CONFERENCE ON MONDAY IN LAGOS, URGING THE FEDERAL GOVERNMENT TO TAKE FULL ADVANTAGE OF THE TRADE AGREEMENT AND ERADICATE NON-TARIFF AND REGULATORY BARRIERS TO INTERNATIONAL TRADE.   ADDRESSING OTHER ECONOMIC ISSUES,…

"[BUSINESS NEWS] NACCIMA URGES FG TO SIGN AFCTFA"

[BUSINESS NEWS] INFLATION DROPS 17TH CONSECUTIVE MONTHS TO 11.23% – NBS

THE NATIONAL BUREAU OF STATISTICS SAYS THE CONSUMER PRICE INDEX, CPI, WHICH MEASURES INFLATION RATE DROPPED BY 0.37 PERCENTAGE POINTS FROM 11.61 PER CENT IN MAY TO 11.23 PER CENT IN JUNE 2018.   THE BUREAU SAID THIS IN IT’S CPI REPORT WHICH WAS MADE AVAILABLE TO JOURNALISTS IN ABUJA, ON MONDAY, ADDING THAT IT IS THE SEVENTEENTH MONTH SINCE JANUARY 2017 THAT THE INDEX WILL BE RECORDING CONTINUOUS DECLINE.   THE REPORT SAYS URBAN…

"[BUSINESS NEWS] INFLATION DROPS 17TH CONSECUTIVE MONTHS TO 11.23% – NBS"

[NEWS] 75 ILLEGAL IMMIGRANTS REPATRIATED FROM ENUGU

‎ENUGU STATE COMMAND OF THE NIGERIA IMMIGRATION SERVICE HAS REPATRIATED 75 ILLEGAL IMMIGRANTS ARRESTED IN PARTS OF THE STATE. THE IMMIGRANTS WERE MOSTLY FROM THE NIGER REPUBLIC AND CAMEROUN. COMPTROLLER OF IMMIGRATION IN ENUGU STATE, DORA AMAHIAN, INFORMED JOURNALISTS ON ‎MONDAY THAT THE ILLEGAL ALIENS WERE ARRESTED IN PARTS OF THE STATE DURING A RAID CARRIED OUT BY OPERATIVES OF THE COMMAND DURING THE WEEKEND. SHE ADDED THAT THE COMMAND IS ON THE TRAIL OF…

"[NEWS] 75 ILLEGAL IMMIGRANTS REPATRIATED FROM ENUGU"

[NEWS] APAPA GRIDLOCK: LASG SUSPENDS APPROVAL FOR DEVELOPMENT OF TANK FARMS

FOLLOWING, THE TRAFFIC SITUATION IN LAGOS CAUSED BY INDISCRIMINATE PARKING OF TRAILERS AND TANKERS, LAGOS STATE GOVERNMENT HAS SUSPENDED FURTHER APPROVAL FOR DEVELOPMENT OF TANK FARMS AND HAS ALSO GIVEN TANK FARMS CURRENTLY OPERATING 30 DAYS WITHIN WHICH TO HAVE ADEQUATE HOLDING BAY.   THIS WAS PART OF A 10-POINT RESOLUTION READ BY LAGOS STATE, GOVERNOR AKINWUNMI AMBODE, THROUGH THE STATE COMMISSIONER FOR TRANSPORTATION, LADI LAWANSON, AFTER A MEETING WITH CRITICAL STAKEHOLDERS ON MONDAY AT…

"[NEWS] APAPA GRIDLOCK: LASG SUSPENDS APPROVAL FOR DEVELOPMENT OF TANK FARMS"

[NEWS] OVER 5,000 NIGERIAN DOCTORS IN SOUTH AFRICA, SAYS ENVOY

THE CONSUL GENERAL OF NIGERIA IN SOUTH AFRICA, GODWIN ADAMA, SAYS ABOUT 5,000 NIGERIAN MEDICAL PRACTITIONERS ARE IN SOUTH AFRICA. ADAMA DISCLOSED THIS KNOWN IN A STATEMENT ISSUED BY THE VICE CONSUL, INFORMATION, AND CULTURE, DAVID ABRAHAM, ON MONDAY IN ABUJA. THE CONSUL GENERAL, WHO MADE THIS KNOWN WHEN NIGERIAN DOCTORS’ FORUM SOUTH AFRICA, VISITED HIM AT THE NIGERIAN CONSULATE IN JOHANNESBURG, NOTED THAT THE MEDICAL PRACTITIONERS ARE IN VARIOUS TEACHING, PUBLIC AND PRIVATE HOSPITALS…

"[NEWS] OVER 5,000 NIGERIAN DOCTORS IN SOUTH AFRICA, SAYS ENVOY"

[NEWS] NORTH-EAST: 2.8M DISPLACED PERSONS GET FOOD, FERTILISERS – UN AGENCY

THE UN OFFICE FOR COORDINATION OF HUMANITARIAN AFFAIRS SAYS HUMANITARIAN ORGANISATIONS HAVE PROVIDED AGRICULTURAL AND LIVELIHOOD SUPPORT TO MORE THAN 2.8 MILLION DISPLACED PERSONS IN NIGERIA’S NORTH-EAST IN THE PAST SIX MONTHS. IT DISCLOSED IN ITS HUMANITARIAN SITUATION REPORT THAT BENEFICIARIES DRAWN FROM ADAMAWA, BORNO AND YOBE HAVE BEEN PROVIDED WITH FOOD ITEMS, SEEDS, FERTILISERS AND OTHER FARM INPUTS. THE JUNE 2018 REPORT SHOWED THAT ABOUT TWO MILLION DISPLACED PERSONS WERE SUPPORTED WITH FOOD INTERVENTION…

"[NEWS] NORTH-EAST: 2.8M DISPLACED PERSONS GET FOOD, FERTILISERS – UN AGENCY"