Vivian Ikemba

MAJOR SHAREHOLDER BUYS OUT FLOUR MILLS, PAYS OFF MINORITY SHAREHOLDERS  

Shareholders of Flour Mills of Nigeria Plc (FMN) have approved a N86 per share buyout under a Scheme of Arrangement at a Court-ordered meeting. The resolution paves the way for the transfer of ownership of FMN shares to Excelsior Shipping Company Limited and its Nigerian subsidiary, Greywise Investment Solutions Limited. At the meeting, shareholders endorsed…

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NIGER STATE SAYS ONE-BILLION-TREES PROGRAMME IS DESIGNED TO MITIGATE EFFECTS OF CLIMATE CHANGE, LEAD GREEN SOLUTIONS IN NIGERIA

Niger State says it is taking bold action against climate change by planning to plant one billion trees. The project, according to the Secretary to the State Government, Abubakar Usman, aims to combat the devastating effects of climate change, and aid the state’s broader strategy to go green. Abubakar who disclosed this  at the State’s…

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NIGERIA CALLS FOR A REVIEW OF CLIMATE FINANCE FRAMEWORK AS A FOSSIL FUEL PRODUCER

Director-General/CEO of the National Council on Climate Change (NCCC), Dr. Nkiruka Chidia-Maduekwe has emphasised that Africa will persist in advocating for changes to the climate finance framework. Maduekwe stated this during an interview with journalists at the Nigerian pavilion at the COP 29 in Baku Azerbaijan. She noted that change for climate change architecture is…

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NIGERIA SIGNS AGREEMENT WITH CHINA TO ADDRESS CLIMATE CHANGE

Nigeria has signed a landmark Memorandum of Understanding (MOU) with the People’s Republic of China, aimed to adopt and accelerate climate action through innovative solutions, mutual cooperation, and shared expertise in combating environmental challenges. The signing happened on the sidelines of the ongoing COP29, where Nigeria’s Minister of Environment, Malam Balarabe Abbas Lawal, participated in…

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MINISTRY OF WATER RESOURCES PLEDGES TO PROVIDE IRRIGATION TO STEM RISK TO SUGAR PRODUCTION

The Minister of Water Resources, Engr. Joseph Utsev, has pledged to provide lasting solutions to the water supply issues affecting sugar estates across the country. Utsev expressed his commitment to supporting the National Sugar Development Council (NSDC) in achieving self-sufficiency in sugar production. Utsev’s assurance was made when he hosted NSDC Executive Secretary and Chief…

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FEDERAL GOVERNMENT PROJECTS 20 MILLION FINGERLINGS ANNUALLY FROM CALABA FISH HATCHERY 

The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, on Thursday stated that the Ultra Modern Fish Hatchery facility would enhance the aquaculture sub-sector and generate revenue for Nigerian farmers. Speaking at the commissioning of the Ultra Modern fish facility in Calabar, Cross River State, Kyari said the facility has the capacity to produce…

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