Rice prices are projected to decline by 11 per cent in 2025/2026 due to favourable weather conditions and increased global production, according to the 2025 annual commodities review and outlook report by AFEX, a leading commodity exchange platform. “The global rice market is poised for potential price relief in 2025, driven by expectations of strong…
Companies in the consumer goods segment of the Nigerian Exchange Ltd (NGX) paid a total of N603bn in taxes to the federal government. The Chief Executive Officer, NGX, Jude Chiemeka disclosed this during the fact behind the figures of PZ Cussons. Chiemeka revealed this in an appeal to the federal government to provide infrastructural support…
Kogi State has witnessed significant growth in its agricultural sector, with 76 farm clusters covering 10,000 hectares of land cultivated by over 8,000 farmers under Governor Ahmed Usman Ododo administration. This was disclosed by Ismaila Isah, the Media Aide to Governor Ahmed Usman Ododo of Kogi State, while speaking to journalists in Kaduna on Sunday….
The Valentine celebration may have come and gone but the way it was celebrated remains fresh in our memories. For instance, an institute did a research on preparation for it and a report has been released. It is contained in a fresh SBM Intelligence report, which is titled “Love in the Air: How Nigerian Consumers…
Minister of State for Agriculture and Food Security (FMAFS) Aliyu Abdullahi, has called for a comprehensive reform of Nigeria’s cooperative sector. The s, he said, was necessary to harness its full potential and tap into the $19.6tn global cooperative market. He made this statement during a technical strategy session on the implementation of the Cooperative…
The Managing Director of the Nigeria Railway Corporation (NRC), Mr. Kayode Opeifa, has reaffirmed the corporation’s commitment to achieving 100 per cent smooth movement of goods across the country. Speaking during an inspection tour of properties managed by Railway Property Management Company Limited (RPMCL) in Kaduna he stated that efforts are underway to enhance railway…
The United Nations, UN Emergency Relief Coordinator, Tom Fletcher, has approved a $5m allocation from the Central Emergency Response Fund (CERF) to support anticipatory action for expected floods in Nigeria. This was disclosed on Thursday by the UN’s Humanitarian Coordinator in Nigeria, Mohamed Malick Fall, in a statement released in Abuja. Anticipatory action mitigates predicted…
The President of Dangote Group, Aliko Dangote, has reiterated the company’s commitment to ending raw sugar importation in Nigeria through significant investments in local production. Speaking at the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun State, Dangote, disclosed that the company has committed over $700m to land acquisition, machinery, infrastructure, manpower, and other…
The Minister of State for Agriculture and Food Security, (FMAFS) Aliyu Abdullahi, has announced that the federal government is set to re-capitalise the Bank of Agriculture (BOA) to make food more accessible and affordable for Nigerians. Abdullahi disclosed this when he received the Emir of Borgu, Barr. Mohammed Sani Haliru, and his entourage on a…
The United Nations Children’s Fund (UNICEF), through the Child Nutrition Fund (CNF), has supplied 3 million bottles of Multiple Micronutrient Supplements (MMS) to enhance maternal health in Nigeria. The agencies said 3 million bottles will be delivered in 2025 to support more pregnant women. In a press statement shared on the UNICEF website on Tuesday,…
