BUSINESS
Nigeria to export rice in two years – Minister of Agriculture
The closure of Nigeria’s land borders has caused an increase in domestic production of rice and the country is set to export the commodity, the Minister of Agriculture and Rural Development, Sabo Nanono, announced on Tuesday. Nanono said the closure of the land borders had resulted in increased output by many rice milling plants which were operating below capacities before...
Fubara Says He’s Committed To Welfare Of Rivers Workers
Gov. Siminialayi Fubara of Rivers has affirmed his resolve to pursue policies and programmes that will significantly enhance the welfare of the state civil servants. He made the remark on Thursday, when he addressed a group of workers, who were at the Government House to register their grievances over the non-payment of the N100,000 Christmas largesse he approved for state...
Nigerian Stock Exchange Suspends 6 Firms
The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with extant corporate governance rules and best practices that mandate them to submit their financial statements within a specified period. The suspended companies include: FTN Cocoa Processors Plc; Medview Airline Plc; Niger Insurance Plc; R.T. Briscoe (Nigeria) Plc; Union Dicon Salt Plc and Capital...
Price Of Bread To Rise In Nigeria As Russian-Ukrainian Face Off Continues
The price of bread, one of the most commonly eaten staples in most Nigerian homes is set to rise if the current Russian-Ukrainian war persists. Russia is the world’s largest exporter of wheat, accounting for more than 18 per cent of international exports. The downside to the war is that if supply from Russia is distorted for whatever reason, Nigeria could...
BEWARE: Criminals Increasingly Using Cryptocurrencies
Criminals in Italy and Germany are increasingly making use of cryptocurrencies, according to the customs directorate in Bonn, Germany. “The use of cryptocurrencies for online payment in the context of criminal offences is clearly on the rise,’’ the directorate said in a recent statement. According to investigators’ findings, in most cases, the perpetrators use Bitcoin and the currency Monero. READ ALSO: Germany...
Trade Fair: Benjamin Kalu Hails Made-In -Aba Products (Photos)
The Member representing Bende federal Constituency and the Spokesperson of the House joined the Made in Aba Trade Fair in Abuja with an assurance of facilitating access to loan facilities for the artisans. At the trade fair which commenced on the 8th of November, 2021 at the FCT Sports Centre, Area 10, the federal lawmaker was welcomed cheerfully by the...
CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy
The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cybersecurity levy. The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, of Financial Policy and Regulation, Department, and Chibuzo Efobi, Director, of the Payment System Management Department. The circular stated: “The Central Bank...
At N52 Per Litre, Libya Offers Cheapest Petrol Price In Africa
Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various countries. In comparison, petrol prices in Egypt, Algeria,...
Reduce External Borrowing, Lawan Begs Buhari
President of the Senate, Dr. Ahmad Lawan, has advised President Muhammadu Buhari to reduce borrowing from external lending houses to fund the country’s annual budgets. Lawan said the administration should, instead, focus on blocking financial leakages and avoiding wastage in all tiers of government. Lawan declared these on Monday in Abuja in a chat with newsmen after a close-door meeting...
Dr. Ogah Extols Contribution Of Engineers For National Development In Line With Buhari’s Vision
The Minister of State Mines and Steel Development Dr Uchechukwu Sampson Ogah has emphasized the need for engineering innovations and solutions to facilitate the development and adoption of appropriate technologies for national development in line with the vision of President Muhammadu Buhari. Dr Ogah made this emphasis during the the 2021 Annual Public Lecture, organized by the Nigerian Society of...
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-300x194.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-100x75.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")