The Lagos State Government says residents of the state are consuming food and agricultural produce worth about N5 trillion annually. Ms Abisola Olusanya, the Commissioner for Agriculture, made this known at a news conference on Thursday in Lagos to commemorate the second year in office of Gov. Babajide Sanwo-Olu’s administration.…

Nigeria moves to attain self-sufficiency in maize production by 2022

Loveth Okoli The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefele, says Nigeria is targeting to attain self-sufficiency in maize production by 2022. Emefele made the disclosure on Thursday in Katsina at the launch of the 2021 maize wet season farming and first maize pyramid in Nigeria. He…

Buhari approves probe of NPA, suspends MD

President Muhammadu Buhari has approved the suspension of the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman. The President also approved the setting up of an Administrative Panel of Inquiry to investigate the management of the Authority. The approvals were based on the recommendations of the Ministry of…

Old pension scheme beneficiaries get a boost in entitlements

The Federal Government has approved the adjustment in pensions of retirees under the defined benefit pension scheme arising from the implementation of the New National Minimum Wage Act 2019. Mr Ekpo Nta, Acting Chairman, National Salaries, Incomes and Wages Commission (NSIWC) said the approval would take effect from April 18,…

Is Nigeria implementing another hike in electricity tariff?

As Nigerians groan under heavy power tariff, fears for another hike in electricity tariff, is in the air but the Minister of Power, Mr Sale Mamman, has dismissed rumours of a major hike in tariff. According to him, there is no plan to significantly raise tariff. This clarification was made…

What AfDB, IFAD want to do to strengthen food security in Africa

The African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) have expressed their commitment to work with African leaders to redouble efforts at strengthening food security in the continent. This formed part of the decisions reached at a two-day virtual High-Level Dialogue on” Feeding Africa: Leadership to…

What Central Bank did to First Bank, experts excited as new directors emerge

The Central Bank of Nigeria (CBN) has announced the immediate removal of all directors of First Bank of Nigeria Ltd. and FBN Holdings Plc over purported management changes at the bank. The CBN Governor, Mr Godwin Emeifele said this in a statement titled “The Purported Management Change at the First…

Embattled Buhari meets U.S, calls for assistance to tackle insecurity

Tanko Mohammed Overwhelmed by the recent spike in national and regional insecurity, embattled President Muhammadu Buhari appealed to the United State for assistance to tackle insurgency, banditry, kidnapping and secessionists violence. 78-year-old President Buhari on April 27, 2021 had a virtual meeting with US Secretary of State, Mr Anthony Bilken,…

Don sees nothing wrong CBN printing money to shore-up shortages

Some Nigerians have stirred controversy over currency printing, but a don, sees nothing wrong in it, it is fundamental function of apex banks the world over.

Reject old, smaller denomination U.S dollars at your risk, CBN warns DMBs, BDCs

CBN moves to correct vexatious rejection of old, lower denomination of American currency, dollars.

Nigeria to sanction violators of Expatriate Quota rules

Tanko Mohammed The Minister of Interior, Rauf Aregbesola, has said that the Federal Government was set to sanction any foreign organisation who breached the country’s Expatriate Quota rule. Expatriate Quota is the total number of quota given to foreign companies within which to operate in the country. Aregbesola gave the…

Manufacturers seek creation of industrial clusters in Delta

Loveth Okoli The Manufacturers Association of Nigeria (MAN), Edo/Delta chapter, has called on the Delta Government to create industrial clusters with steady power supply across the state. Dr Okwara Udensi, the Chairman of the chapter, made the request during a courtesy visit to the Delta Commissioner for Trade and Investment,…

Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Tanko Mohammed Vice President Yemi Osinbajo has advised that in building a fairer world that takes into account the interest of the poor, the marginsalized, and a world that does not impose unfair burdens on developing countries, the principle of fairness must be applied by leaders in addressing challenges in…