The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered the availability of substandard and unregistered sugar products in Nigerian markets. The Commission said that the adulterated sugar were smuggled brands from Brazil, including Grupo Moreno, Terous, USI S. Joao, Alvean and Arapora Bionergia. The products, the FCCPC noted, failed to meet mandatory Vitamin A…
The Nigerian Society of Engineers (NSE) has signed a Memorandum of Understanding (MoU) with Asset Rise Limited and Lancaster Farms to enhance food security and create employment opportunities for Nigerians. The NSE President, Engr. Margaret Oguntala said, shortly after signing the MoU in Abuja, that the agreement would open more employment opportunities for the youths….
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…
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…
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…
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 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)…
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 government must give priority to technology for its efforts at promoting food security, health, climate stability and a secured environment to yield the good results. This view was expressed by the Minister of Innovation, Science, and Technology, Chief Uche Nnaji. He was speaking in Abuja to commemorate World Science Day for Peace and Development,…
Dangote Sugar Plc and BUA Foods Plc raked in a whopping N1.025trn from sales of sugar during the third quarter of 2024. This represents a 36.23 per cent increase from the N752.383bn realised by these two food giants in the corresponding period of 2023. The surge in the revenue is attributed to inflationary pressures and…
