The global food import bill is expected to increase by 2.2 per cent from the previous year to over “$2 trillion in 2024”, according to a report by the Food and Agriculture Organization of the United Nations (FAO) released Thursday. The FAO attributed the increase to higher prices for cocoa, coffee, and tea, accompanied by…
The federal government on Thursday announced the collection of a $134m loan from the African Development Bank (AfDB) to produce 1.2 million metric tonnes of wheat and rice by 2025. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, disclosed this at the flag-off of the 2024/2025 National Dry Season Farming in Calabar, Cross…
The World Health Organization (WHO) has raised the alarm over rising cases of diabetes worldwide. The body, in a statement on X, said global diabetes cases have skyrocketed, exceeding 800 million adults, a four-fold increase since 1990, as revealed in a recent study published on Thursday by The Lancet in commemoration of the World Diabetes…
Dealers of illicit drugs in the Nigerian market would have it tough going forward. This is because there is going to be a mix of the scientific approach with the kinetic in stopping them at their track. This was the takeaway from an event at the Transcorp Hilton Hotel in Abuja recently. There the Nigeria…
The removal of fuel price subsidies and the unification of official foreign exchange windows into a single rate, among other economic reforms by President Bola Tinubu, have been commended by 42 World Trade Organization (WTO) Member countries. This commendation comes in light of Nigeria’s policy review at the WTO Trade Policy Review exercise in Geneva,…
The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935 trillion. Similarly, the All-Share Index (ASI)…
The Project Coordination Office of the Hydrocarbon Pollution Remediation Project (HYPREP) said it is forging ahead with its mission to restore and revitalise communities impacted by hydrocarbon pollution, with a primary focus on the Ogoniland in Rivers State. It has, however, discovered that it may be a difficult task to accomplish, if foreign countries and…
Vice President Kashim Shettima on Tuesday called for a collective effort to reform the economy, through accelerated diversification, industrialization, digitization, creative arts, manufacturing, and innovation, all of which are targeted toward sustained inclusive economic growth. This is as the vice president vowed to not relent in implementing fiscal reforms on the economic structure of the…
In a bid to achieve food security, and employment generation amongst others, the federal government has reiterated its commitment to ensure the availability of food. This it plans to do through the sustainability of high agricultural yields in the country as part of efforts to curtail the high cost of food. The development comes as…
The Chief Executive Officer of the Nigeria Export Promotion Council (NEPC), Mrs. Nonye Ayeni, says things are looking up for Nigeria in the area of export, thus bringing about hope for a balance of trade that will be favorable to the country. She said this at the third national conference on non-oil export in Abuja,…
