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 Ekiti State Government is already taking a practical step towards fighting food insecurity in the State. By the time Governor Biodun Oyebanji and his cabinet rose from the State Executive Council (SEC) meeting on Monday a quantum amount of money had been voted for the clearing of about 325 hectares of farmland. The amount…
Despite complaints that the huge investments in the agricultural sector did not yield the desired outcome, the sector is said to have contributed to the national gross domestic products GDP in the second quarter of this year. This is the submission on Monday of the National Bureau of Statistics (NBS), which said that Nigeria’s Gross…
The Rites Foods Limited has proved that despite challenges, it is possible for an indigenous company in Nigeria to grow and be able to contribute meaningfully to the national economy. Mr. Seleem Adegunwa, Chief Executive Officer and Managing Director, Rite Foods Limited, said this recently . He said that the company is a 100 per…
No fewer than 1, 500 residents of Osun State went home happier recently after they encountered Fidelity food bank project. The beneficiaries comprise women, children, widows, and the elderly in a one-day feeding programme held at St. Benedict Catholic Church, Osogbo. It is part of the bank’s corporate social responsibility, CSR, and in this hard…
States and communities along the path of River Niger have been alerted to the rising water level of the river. The concerned authorities and people have therefore been warned to take preemptive measures, so as not to be caught unaware. The Director General Nigeria Hydrological Services Agency, NIHSA, Umar Ibrahim Mohammed issued the alert on…
The new commissioner in charge of Lands and Urban Development in Enugu State, Barr. Chimaobi Patrick Okorie, has his job cut out for him right from his inauguration. His principal, Governor Peter Mbah told him to lead the crusade for a radical reform in land administration in the state. The charge by the state Governor…
Traditional rulers and community leaders in Bauchi state have been warned to desist from encouraging or participating in efforts to deplete the forest in the state. Bala Mohammed, the state governor gave the warning on Thursday. He told the leaders to stop selling forests across the state. While lamenting that the development has exposed the…
The National Agency for Food and Drug Administration and Control (NAFDAC) has reported the seizures of three petrol tanker trucks in Apapa for allegedly transporting crude edible vegetable oil. The information was shared on Wednesday via its X handle, accompanied by a video, noting that the oil had reportedly been trans-loaded into the tankers from…
Though a marginal difference, a drop in inflation, according to reports last month raises hope of better days ahead. The National Bureau of Statistics (NBS) has said the July 2024 headline inflation eased to 33.40 per cent, the first drop since President Bola Tinubu’s assumption into power. This shows that inflation fell marginally by 0.79…
