FEC approves procurement of 2000 tractors, 1200 trailers, others to boost food security in Nigeria
The Federal Executive Council (FEC) has announced the approval of 2,000 tractors, 4,000 disc ploughs, and 1,200 tractor trailers among other equipment under the National Agricultural Mechanization Programme (NAMP) to promote food security in Nigeria. This is contained in…
FG plans N110bn youth enterprise clusters
Vice President Kashim Shettima has disclosed plans by the Federal Government to establish a Presidential Initiative on Youth Enterprise Clusters that will cost N110 billion. He stated this on Thursday at an event organised to commemorate the 2024 World Population…
FG, IOCs agree on crude supply to Dangote, local refineries
The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. Both parties said the aim of the commitment was to ensure that…
Presidency raises alarm over NNPC’s non-completion of PH refinery
The presidency has expressed concern about the Nigerian National Petroleum Company (NNPC) Limited’s failure to meet key milestones crucial to President Bola Tinubu’s administration’s goals. Sources from The Cable reveal that Hadiza Bala Usman, special adviser to President Tinubu on…
Nigeria risks losing $20bn in cocoa exports-FRC
The Executive Secretary and Chief Financial Officer of the Financial Reporting Council of Nigeria, Rabiu Olowo, has said Nigeria is at risk of losing over $20bn in cocoa exports within the next three years. He said the loss is likely…
‘Protectionism eroding global business’ – world trade chief
That is the admission of the director general of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala. “We are seeing increasing protectionism, some undermining of the WTO rules, and some of this is leading to fragmentation,” she tells the BBC….
FG suspends taxes on maize, wheat, rice, other staples
The Federal Government has announced the suspension of duties, tariffs, and taxes on some essential food items imported through land and sea borders. The Minister of Agriculture and Food Security, Abubakar Kyari, made this known during a press briefing at…
Dangote Refinery on track for July petrol supply – Official
The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has reiterated that the Dangote oil refinery will supply petrol in July as promised. Edwin said this when he took officials of the S&P Global on a…
Nigeria secures bid to host $5 billion Africa Energy Bank in Abuja
Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja. This is contained in a statement by the State Minister for Petroleum Resources (oil), Heineken…
NNPC unveils business opportunities for youth corps members
A total of 2,659 members of the National Youth Service Corps across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. According to a statement issued by the Chief Corporate Communications Officer NNPC Ltd,…