The Development Bank of Nigeria said it has provided N112bn loan to 11,859 businesses operating in the manufact uring and agricultural sectors of the economy. The DBN Managing Director, Tony Okpanachi gave this figure at its 4th DBN Annual Service Ambassadors Award ceremony, where he commended partnering banks for their contributions to facilitating access to…
Traders across the country have one month within which they are to bring down the prices of commodities. Failure to do that would result in prosecution. That is the order from the Federal Competition and Consumer Protection Commission (FCCPC). The Executive Vice Chairman of FCCPC, Mr Tunji Bello, issued the order on Thursday at…
The Project Coordination Office (PCO) of the Hydrocarbon Carbon Pollution Remediation Project (HYPREP) said it has planted Over 810,726 mangrove seedlings in its first Phase of the Mangrove Restoration Project in Ogoniland. The PCO said it targets to restore 560 hectares of lost mangrove areas destroyed by oil extractive activities in Ogoniland. This was disclosed…
The Lagos State Government will on Sunday September 1 commence Phase 2 of the sale of selected food items, including rice, beans, garri, bread, eggs, tomatoes, pepper, tatashe, and onions at discounted rates. The food items will be sold at a discounted rate of 25 per cent aimed at alleviating the impact of rising food…
The government of Namibia has a unique approach to the nagging issue of food insecurity. It has decided to kill 700 wild animals to address hunger in the country. The controversial animal culling program targets wild animals like elephants, zebras, and hippos. The authorities plan to distribute the meat to struggling residents as the country…
The Kaduna State government is taking measures to ensure that further damages owing to flooding in the state is reduced, if not totally prevented. That is why it has started to alert farmers and residents of the need to evacuate the areas that are prone to flood in the state. The state government made the…
A Lagos-based agricultural commodities exchange company has given kudos to the federal government on the recent decision to suspend import duties on some food items to address the hardship in the country. The Lagos Commodities and Futures Exchange, LCFE, through its managing director and chief executive officer, Akin Akeredolu-Ale, has commended the Federal Government gave…
The National Agency for Food and Drug Administration and Control (NAFDAC) has refuted claims that it advised Nigerians to avoid bread baked and sold in the country due to the presence of saccharine, a banned sweetener. The Director-General of the agency, Professor Mojisola Adeyeye in a statement, said NAFDAC never issued any statement suggesting that…
It seems to be a financially unfavourable year for Inland Container Nigeria Limited as the Nigerian Shippers’ Council has directed the firm to cover 70 percent of liabilities amounting to $72,777 following a dispute arising from a damaged bean export. This shows that the firm is in debt of over N116m using the Central Bank…
The Nigerian military has vowed to not limit its commitment to the war against insecurity in the country. It says that it will also give the necessary muscle to the battle against food insecurity. The Chief of Army Staff, COAS, Lt Gen. Taoreed Lagbaja, said this in Akwa Ibom on Tuesday. He spoke about the…
