The challenges in the country’s economy forced unprecedented production costs on major food processing companies in Nigeria in the past year. The development also affected the prices of commodities in the market, as the affected companies passed the costs to the consumers. For instance, BUA Foods Plc and Dangote Sugar Refinery Plc reported that they…
Nigeria’s economic stability faces a fresh challenge following the Trump administration’s announcement of a 14 per cent tariff on Nigerian exports to the United States. The measure is part of a broader protectionist initiative aimed at rebalancing trade relationships globally, and has raised alarm over the future of the African Growth and Opportunity Act (AGOA),…
President Bola Tinubu has approved the appointment of Nasir Naeem Abdulsalam as the Managing Director, Ajaokuta Steel Company. Segun Imohiosen, Director of Information and Public Relations at the office of the Secretary to the Government of the Federation (SGF), announced the appointment on Friday. The statement said, “The appointment takes effect from 3rd April, 2025…
No fewer than 60,000 small business owners and entrepreneurs have registered their interest in the upcoming National MSMEs Award by submitting compelling videos to showcase their achievements and innovations. The Special Adviser to the President on Job Creation and MSME, Temitola Adekunle-Johnson, disclosed this in a statement on Monday. Recall that on March 2, the…
The Federal Capital Territory (FCT) Command of the Nigeria Customs Service (NCS) has intercepted $193,000 undeclared foreign currency. The money was concealed in a carton of yoghurt as part of the luggage of a traveler who flew into the country through the Nnamdi Azikiwe International Airport, Abuja. The interception on Thursday resulted from credible intelligence…
Nigeria will soon partner the United Kingdom’s Zander Corporation to combat desertification and restore degraded lands in key ecological zones. As part of the collaboration, the UK-based bio-technology firm has donated £250,000 worth of afforestation technology to support Nigeria’s efforts in sustainable land use and agricultural transformation. Vice President Kashim Shettima, speaking during a meeting…
The Sokoto State Executive Council has approved the procurement of security equipment including Armoured Personnel Carriers aimed at strengthening security in the eastern part of the state. The state’s Commissioner for Information and Orientation, Sambo Bello Danchadi, disclosed this to newsmen after the first council meeting of 2025 at the Government House. The approved apparatus…
The European Union (EU) has announced its decision to impose a wave of retaliatory tariffs on the United States after President Donald Trump imposed a sweeping 25% duty on all steel and aluminum imports into the country. The EU’s response comes just hours after Trump’s move, targeting $28bn worth of American exports, including bourbon, motorcycles,…
The Gwaram Local Government Council in Jigawa State has purchased 100 bundles of fabric to distribute to 600 male orphans to enable them to celebrate the forthcoming Sallah with joy. According to Prof Abdurrahman Lawan, chairman of the council, “This initiative aims to ensure that the orphans have a memorable Sallah celebration like others”. Lawan,…
The National Agency for Food and Drug Administration and Control (NAFDAC) task force has arrested a man identified as Anthony Chidi at Mile 3 Market, Diobu, Port Harcourt, for producing fake alcoholic beverages under unsanitary conditions. Chidi was caught inside a filthy shop where he was washing used bottles of various alcoholic brands and refilling…
