Nigeria’s rice hopes in tatters as imports atop global table
Onome Amuge
November 20, 2023
Exposes failure of Buhari’s rice programme Self-sufficiency pyramid campaign a ruse High domestic prices make import attractive ONOME AMUGE Nigeria’s hopes of taking charge of adequately feeding itself with home grown rice are in tatters today according to new data estimating that Nigeria’s rice imports will be atop a global league table of importers […]
Nigeria’s rice hopes in tatters as imports atop global table
Onome AmugeNovember 20, 2023
Exposes failure of Buhari’s rice programme Self-sufficiency pyramid campaign a ruse High domestic prices make import attractive Nigeria’s hopes of taking charge of adequately feeding itself with home grown rice are in tatters today according to new data estimating that Nigeria’s rice imports will be atop a global league table of importers in […]
US shows footprints of support for Nigeria, Africa tech growth
PHILLIP ISAKPANovember 20, 2023
Lagos, Akwa Ibom get world’s largest subsea cable Support Nigeria, Africa on its prosperity journey PHILLIP ISAKPA IN MANCHESTER, UK The world’s largest undersea cable system, 2Africa cable, owned by Meta, parent company of Facebook, the American multinational technology conglomerate, is coming to Nigeria and will land in Lagos and Akwa Ibom, […]
ACAMB advocates reforms in financial reporting, seeks enhanced collaboration with DMBs
Joy Agwunobi, Onome AmugeNovember 20, 2023
Onome Amuge & Joy Agwunobi The association of Corporate Affairs Managers of Banks (ACAMB) has called on media owners, particularly those operating in the digital space, to reevaluate and reform their business models to ensure long-term sustainability. ACAMB made the call at a media parley held at the Chartered Institute of Bankers of Nigeria […]
Post-harvest losses cost each Nigerian state N94.5bn annually, says ActionAid
Onome AmugeNovember 16, 2023
Onome Amuge A recent study by ActionAid Nigeria has found that an estimated N3.5 trillion is lost annually across the country due to post-harvest losses in the agricultural sector. This, according to the non-governmental organisation, translates to an average loss of N94.5 billion per state including the Federal Capital Territory. The study highlighted the significant […]
Old naira banknotes remain valid indefinitely, says CBN
Business a.m.November 15, 2023
Business a.m The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 notes indefinitely. This announcement comes in light of a subsisting court ruling on the same subject, and the bank has indicated that it is working with relevant authorities to address the matter. The […]
Nigeria’s inflation rises in 10th consecutive month to 27.33% in October
Onome AmugeNovember 15, 2023
Onome Amuge The continued depreciation of the naira and rising food and fuel prices has led to a tenth consecutive surge in Nigeria’s inflation rate which increased from 26.72 per cent in September 2023 to 27.33 per cent in October 2023,according to the latest figures from the Nigerian Bureau of Statistics (NBS). On […]
TotalEnergies not planning to leave Nigeria, says firm’s exec
BEN EGUZOZIENovember 14, 2023
Ben Eguzozie, in Port Harcourt TotalEnergies, French global energy company, with more than half a century petroleum business operations in Nigeria, says it is not thinking of leaving the country anytime soon, amid the exit of some other IOCs from the country. “We’re here for the long haul, even though some IOCs are […]
AfDB, partners burnish Africa as next frontier for global investors
Phillip IsakpaNovember 14, 2023
Showcase continent’s value chain at AIF AIF raises $34.82bn investment interest Plus $3bn off boardroom raise $177.42bn now raised in 5-years $11bn deals closed completely – Adesina Africa next frontier for global investors Africa’s economic landscape as the next frontier for global investments was on song for three days last week in Marrakech, […]
NNPCL restores oil production of 275,000 bpd at TotalEnergies
Business a.m.November 13, 2023
…Resolves PENGASSAN-Total Energies management rift Business a.m The Nigerian National Petroleum Company Limited (NNPCL) has successfully restored oil production at TotalEnergies’ operations to 275,000 barrels per day. Olufemi Soneye,NNPCL’s chief corporate communications officer, announced the restoration of production in a statement on November 12. Soneye,in the statement made available to Business a.m, explained that the […]