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Nigeria’s $1.5bn Annual Spend On Diary Products Import Regrettable ― Minister

Alhaji Sabo Nanono,the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has regretted that Nigeria spends about $1.5 billion importing dairy products annually. He expressed that despite the potentials in the

4 years ago

by Mohammed Shosanya

Nigeria Spends $1bn On Sugar Importation Annually-CBN

The Central Bank of Nigeria(CBN),has said that Nigeria spends between $600m to $1 billion to import sugar into the country annually. Godwin Emefiele,the Governor of the apex bank,who disclosed this in Awe,

4 years ago

SME/Manufacturing

DPR,NEITI Bicker Over Nigeria’s Crude Oil Production Volume

The Department of Petroleum Resources (DPR) and the Nigeria Extractive Industries Transparency Initiative (NEITI) are not on the same page on the actual oil produced in the country. NEITI had claimed on

4 years ago

Oil&Gas

FG Approves Activation Of New SIM Registration

The Federal Government Thursday approved the activation of new SIM registration with mandatory National Identification Number(NIN) in line with the Revised National Digital Identity Policy for SIM Card Registration. Dr Femi Adeluyi,

4 years ago

IT&Telecoms

Lagos Airports Record 1million passenger- traffic In Q1-FAAN

The Federal Airport Authority of Nigeria (FAAN) has said that passenger traffic at the Murtala Muhammed Airport, MMA Lagos, in the first quarter of this year rose to over million with aircraft

4 years ago

Aviation

FG Moves To Privatise FMBN

The Federal Government has inaugurated an 8-man committee to reform the Federal Mortgage Bank of Nigeria (FMBN) for optimum performance through commercialization and recapitalisation. Mr.Alex Okoh,the Director-General, Bureau of Public Enterprises (BPE),

4 years ago

Property

SEC Insists On Eligible Operators In Capital Market

The Securities and Exchange Commission has justified its recent moves to ensure that only fit and proper persons continued to operate in the capital market. Mr Lamido Yuguda,the Director-General of the Security

4 years ago

Regulators

Why Nigeria Is Ignorant Of Crude Oil Volume It Produces- NEITI

The Nigeria Extractive Industries Transparency Initiative,has said that Nigeria is ignorant of the actual volume of crude oil it produces,especially at the deep offshore fields. Orji Ogbonnaya-Orji, the Executive Secretary, NEITI, Orji

4 years ago

Oil&Gas

Senate Summons Finance Minister, Ahmed, AGF Over Withdrawal Of N7.5bn From NAC’s Account

The Senate has summoned the Minister of Finance, Budget and National Planning, Ahmed Zainab and Accountant General of the Federation, Ahmed Idris over secret withdrawal of N7.5 billion from the two percent

4 years ago

Politics

NAFDAC Intercepts Truck Conveying Fake Medicines, Vaccines

Prof.Mojisola Adeyeye,the Director General of National Agency for Food and Drug Administration and Control, (NAFDAC), Mojisola Adeyeye, has impounded a Mercedes Truck laden with banned and unregistered medicinal products in Asaba, Delta

4 years ago

Health

Nigeria Has Stamina To Be Bunker Hub In Sub-Saharan Africa-NIMASA

Nigeria has what it takes to be the bunker hub for Sub-Saharan Africa,the Nigerian Maritime Administration and Safety Agency (NIMASA), The agency also tasked Nigerian businessmen to harness the opportunity created by

4 years ago

Maritime

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