The Nigeria Customs Service (NCS) has signed a Customs Mutual Administrative Agreement (CMAA) with its Indian counterpart to bolster cross-border trade development. The agreement, as disclosed in a statement by the NCS, was signed at the Ministry of Foreign Affairs in Abuja. The Comptroller-General of Customs, Adewale Adeniyi, who represented the NCS at the event…
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…
Niger State says it is taking bold action against climate change by planning to plant one billion trees. The project, according to the Secretary to the State Government, Abubakar Usman, aims to combat the devastating effects of climate change, and aid the state’s broader strategy to go green. Abubakar who disclosed this at the State’s…
Director-General/CEO of the National Council on Climate Change (NCCC), Dr. Nkiruka Chidia-Maduekwe has emphasised that Africa will persist in advocating for changes to the climate finance framework. Maduekwe stated this during an interview with journalists at the Nigerian pavilion at the COP 29 in Baku Azerbaijan. She noted that change for climate change architecture is…
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…
There is no doubt that the federal government is having it tough with the management of the economy. The economic team has been grappling with the ailing economy but it appears that the its effort has not started paying off yet. This is because the inflation keeps rising, and so is the cost of living…
Some of the man-made factors inhibiting efforts at achieving food security in Nigeria are being tackled gradually. The National Agency for Food and Drug Administration and Control (NAFDAC), as part of the efforts to ensure quality in the Nigerian space, has discovered a warehouse where chemicals used for farming is produced. The discovery was made…
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 global food import bill is expected to increase by 2.2 per cent from the previous year to over “$2 trillion in 2024”, according to a report by the Food and Agriculture Organization of the United Nations (FAO) released Thursday. The FAO attributed the increase to higher prices for cocoa, coffee, and tea, accompanied by…
