Shareholders of Flour Mills of Nigeria Plc (FMN) have approved a N86 per share buyout under a Scheme of Arrangement at a Court-ordered meeting. The resolution paves the way for the transfer of ownership of FMN shares to Excelsior Shipping Company Limited and its Nigerian subsidiary, Greywise Investment Solutions Limited. At the meeting, shareholders endorsed a…
The Access and Allocation Mechanism (AAM) for mpox has allocated an initial 899,000 vaccine doses to Nigeria and eight other African countries hit by the current mpox surge. The other eight countries are the Central African Republic, Cote d’Ivoire, the Democratic Republic of the Congo, Kenya, Liberia, Rwanda, South Africa and Uganda. A statement released…
Over 17, 000 farmers, drawn from the 17 local government areas of Enugu State, have received free fertilisers to enhance their farming activities. Aside from fertilisers, the farmers also received tilling machines, high-breed cassava stems, herbicides, among other farm inputs from the state government. The state Commissioner for Information, Mr Aka Eze Aka, said, “One…
The Minister of Agriculture and Food Security, Abubakar Kyari has said that the persistent food insecurity in the country reached its peak when traders and citizens decided to hoard food commodities while creating man-made scarcity. Kyari disclosed this in Abuja at a special Ramadan lecture/Iftar organised by the Special Assistant to the President on Agriculture…
The Minister of Agriculture and Food Security, Abubakar Kyari, has attributed the recent decline in food prices to increased supply meeting steady demand. In a video posted on his official X handle late Monday night, Kyari credited the price reduction to the 2024 harvest season, which significantly boosted food production. He also linked it to…
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…
. LAUDS NIGERIAN MONETARY POLICY The International Monetary Fund, IMF through its Director of Communications, Julie Kazak has advised the federal government on the importance of reducing the high prices of food, drugs and transportation. The world body said this could be done through the implementation of social protection measures. This is contained on its…
The National Orientation Agency (NOA) has urged Nigerians to take preventive measures against Tuberculosis (TB). The agency’s Director in Jigawa, Malam Tijjani Ahmad, made the appeal on Monday in Dutse at an event to commemorate the 2025 World TB Day. Ahmad noted that tuberculosis was a contagious disease caused by bacteria that mainly affects the…
Dr. Dele Alake Minister of Solid Minerals Development while hosting Dauda Lawal, Governor, Zamfara State in his office in Abuja on Friday reiterated the need to eliminate impediments stifling mining development in the state, stressing the importance of Zamfara State to the country’s mining sector.According to Segun Tomori, Special Assistant on Media, Alake assured his…
In a rather damning report, 22 corruption scandals worth over N12 billion have been discovered in the University of Agriculture, Umudike, Abia State. According to a 2020 audit of Nigerian ministries, departments and agencies (MDAs) by the Office of the Auditor-General of the Federation (OAuGF), released in December 2023 the Agriculture institution was discovered to…
