Kaduna, Adamawa, Taraba now produces quality rubber – Institute

Dr Wuranti Vala, an official of the National Rubber Research Institute of Nigeria, has said that Kaduna, Adamawa and Taraba States are now producing quality rubber in commercial quantity. Vala disclosed this on Wednesday during a visit by students of Government Secondary School Zuturung Kari, Zangon Kataf, to the rubber plantations and nurseries in Manchok, […]

‘We didn’t say Nigeria doesn’t understand ACFTA’

The African Development Bank (AfDB) has debunked a report which alleged that an official of the bank said the Nigerian government has not signed the African Continental Free Trade Agreement because it does not understand it. The bank’s Director of Communications and External Relations, Mr Victor Oladokun, in a statement, on Monday, said Mr Mukhtar […]

Price of cooking gas drops in May — NBS

By Cecilia Ologunagba The National Bureau of Statistics (NBS) said that the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) dropped to N2,028.04 in May 2019 from N2,046.53 in April, 2019. The NBS made the disclosure in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for May released […]

Oil price to hit $100 – Iran

A senior Iranian commander has dismissed the United States’ aggressive posturing against Iran, reasoning that any potential confrontation in the Persian Gulf would instantly increase oil prices to over 100 dollars per barrel, something that Washington and its allies would not be able to endure.Major General Yahya Rahim Safavi, a top military adviser to Leader […]

NNPC to inaugurate largest cooking gas storage facility in Benin

By Edith Ike- Eboh The Nigerian National Petroleum Corporation (NNPC) says it will unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City. The Corporation disclosed this in a statement by its spokesman, Mr Ndu Ughamadu, in Abuja on Sunday. He said the corporation […]

DID YOU KNOW? Nigeria has a law that makes export of yam, beans illegal

☰ When President Muhammadu Buhari assumed office in 2015, he said his administration would focus on security, corruption and economic diversification through boosting the agricultural sector. Like he said, “We must eat what we produce”. In line with this directive, the Central Bank of Nigeria set up the Anchors Borrowers Programme to improve access to […]

The CBN cant explain away the tapes.

Copied: If the first tape left room for manoeuvre, the second didnt. The number of times Emefiele uttered “I don die” is enough to tell he was loitering in the valley of the shadow of death. The explanation that auditors picked up a bad loan, loan given to states, which they had to explain is […]

9mobile slashes roaming tarrif for customers on Hajj 2019

By Funmilola Gboteku 9mobile, a telecommunication network, on Monday announced that it had launched cheaper rates for its customers travelling for this year’s Hajj in Saudi Arabia. According to Mr Adebisi Idowu, the Vice President of Marketing, 9mobile, the Hajj Roaming offer would afford pilgrims the opportunity to make and receive calls, send and receive […]

Mozambique makes $25m from cotton

Mozambique produced 66 thousand tons of cotton and earned about $25 million from seed cotton in 2017/2018. The country’s Minister of Agriculture and Food Security, Higino Francisco, said the gains benefitted some 219,000 Mozambican families. According to him, this figure is the result of a cultivated area of 181 thousand hectares, which resulted in the […]