PRESCO INCREASES LEADERSHIP IN THE OIL PALM SECTOR WITH RECENT ACQUISITION OF 10,000 HECTARES 

Presco Plc has acquired 10,000 hectares of plantation assets across the Nsadop and Boki estates in Cross River State, in a move to significantly expand its production footprint and reinforce its leadership position in Nigeria’s palm oil industry. Announcing the transaction in a notice to NGX seen by the company described it as a major…

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BAKASSI DEEP SEAPORT GETS APPROVAL FROM ABUJA TO ENHANCE GROWTH OF BLUE ECONOMY 

The Federal Government has given the green light for the development of the Bakassi Deep Seaport, a strategic project expected to strengthen Nigeria’s blue economy and maritime sector. The Minister of Marine and Blue Economy, Adegboyega Oyetola, presented the project’s certificate of compliance to the Governor of Cross River State, Senator Bassey Otu, signaling a…

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SOKOTO SAYS NEW MODERN ONION STORAGE FACILITY SIGNALS BETTER INITIATIVES IN AGRICULTURE PRODUCTION 

The Sokoto State Government has inaugurated a modern onion cold-storage facility as part of an effort to boost the state’s agricultural economy. The project, developed in partnership with the Ministry of Finance Incorporated, is designed to reduce post-harvest losses, increase storage capacity and enhance profitability for thousands of onion farmers in the region. Governor Ahmed…

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FARMERS PREDICT THAT THE PRICE OF TOMATOES WILL FALL FURTHER DURING CHRISTMAS

Celebrations during the Christmas season promise to be pocket friendly. This is because food items and condiments may not be as expensive as they were last year. This assurance came from the Tomatoes Growers and Processors Association of Nigeria. The association predicted an increased supply of the produce ahead of Christmas and New Year celebrations….

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NAFDAC BECOMES MEMBER OF GLOBAL ELITE DRUG BODY,  RECOGNISED FOR STANDARD IN DRUG REGULATION 

The National Agency for Food and Drug Administration and Control (NAFDAC) has secured full membership of the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) NAFDAC described this as a major leap in the nation’s regulatory advancement. NAFDAC was formally admitted as a full member during the ICH Assembly meeting…

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EXPERTS RAISE ALARM ON COST OF LIVING DESPITE MODERATE GROWTH IN AGRICULTURE AND ECONOMIC INDICES IN Q3

Nigeria’s economy sustained its recovery momentum in the third quarter of 2025, recording a real Gross Domestic Product (GDP) growth of 3.98 per cent, according to the latest policy brief by the Centre for the Promotion of Private Enterprise (CPPE). Although slightly below the 4.3 per cent posted in the second quarter, the think tank…

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PRIVATE SECTOR, NATIONAL ASSEMBLY, FEDERAL GOVERNMENT, OTHERS, DIFFER OVER PROPOSED LAW ON HIGHER DUTY ON SUGAR PRODUCTS

The Manufacturers Association of Nigeria (MAN), Nigerian Employers Consultative Association (NECA) and the Federal Ministry of France, have kicked against a proposed increase in excise duty on sugar sweetened products. Stakeholders at a public hearing at the Senate wing on Thursday, took divergent positions on moves to increase duty on carbonated Sugar Sweetened Beverages (SSB)…

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