Kano State Government Supports 14,250 Small Holder Farmers

KANO — Over 14,250 small holder farmers received inputs under its Agro-Pastoral Development Project (KSADP), supported by the Islamic Development Bank (IsDB) from the Kano State government. Gov. Abdullahi Ganduje while speaking at the event in Kano said the empowerment was also to assist in ensuring food security in the state. “The inputs worth millions of naira for livestock fattening and reproduction schemes, were given to 3,000 women and youths while inputs for crop residue...

Nigeria Loses Rank as Africa’s Largest Oil Producer to Libya

Nigeria has lost its tank as the top Africa oil producing country to Libya as its crude oil production further fell last month amid lingering supply disruptions. This was according to a news report by the Organization of the Petroleum Exporting Countries (OPEC). According to the report, Nigeria told OPEC that its oil production fell to about 1.23 million barrels per day in October from about 1.23 million bpd in the previous month. This was...

Marketers Halt Importation of Cooking Gas as Price Jumps by 240%

LAGOS — Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg, jumping from N3,000 to N10,200 between January and October. About 65 per cent of LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the halt in imports could further shoot up cooking gas price if the situation is...

Agric Minister Says Nigeria Customs Cannot Fight Rice Smuggling Alone

Mohammed Abubakar, the minister of agriculture and rural development, has vowed to ensure that his ministry maintains a good relation with security agencies to reduce the illegal importation of rice through land borders. He said this at a meeting of the steering committee of the national task force on illegal importation. This is according to a statement from the ministry’s senior information officer, signed by Mabel Mbosire. Abubakar stated that the improvement of the rice...

Foundation Empowers Over 1,000 Women With Starter Packs Worth 10 Million

KEFFI — Peugeot Automobile Nigeria (PAN) has trained no fewer than 1,000 women in different skills in Nasarawa West Senatorial District and empowered them with starter packs worth 10 Million. Alhaji Ahmed Wadada, chairman of the company, while presenting the packs to the beneficiaries, who recently completed an intensive five-day training on Saturday in Keffi, Nasarawa State, said the gesture aimed to reduce poverty among rural women in Nasarawa West. “The empowerment programme was organised...

Taaooma Under Serious Attack From the Youths for Meeting With the Vice President of Nigeria, Yemi Osinbajo Behind Closed Doors

A Nigerian comedienne, Apaokagi Adedoyin Maryam, popularly known as Taaooma has been castigated by the youths for meeting with Vice President Yemi Osibanjo at the Presidential Villa, Abuja. The Vice President on Wednesday received on a courtesy call, a delegation of young Nigerian (comedy) Skit Industry practitioners under the aegis of the Nigeria Skits Industry Awards (NSIA), led by its promoter, Bimbo Daramola. The delegation also included Josh Alfred (Josh2funny); Ayo Ajewole (Woli Agba); Adebamiro...

Nigeria’s Seaports Operating far Above Installed Capacity – NPA MD

LAGOS — Mr. Mohammed Bello-Koko, Acting Managing Director of Nigerian Ports Authority (NPA), has said that the two Lagos seaports located in Lekki and Tin Can Island were operating “far beyond their installed capacities”. “What it simply means is that if they were built to handle 500,000 Twenty-Foot Equivalent Units (TEUs), for instance, probably they are now handling about 700, 000 TEUs,” he told newsmen on Sunday in Lagos. He said that the situation had...

NNPC Weekly Review: Nigeria’s LNG Cargo Arrives Global Market After 22 Years

ABUJA —  The Nigeria National Petroleum Company (NNPC) Limited, started its new week on a cheerful note as the country on Monday stepped into the global Liquefied Natural Gas (LNG) market for the first time in 22 years. It was a step expected to strengthen Nigeria’s footprint in the global LNG market after the lifting that occurred from Bonny Island, Rivers State. The maiden LNG export from NNPC LNG Ltd, an arm of the NNPC...

MTN to Sell $242 Worth of Shares in Nigerian Business – Official

LAGOS — MTN Group said it is planning to sell shares worth about $241.7million from its Nigeria business. MTN on Thursday said it will offer 575 million shares in MTN Nigeria, which is listed in Lagos in 2019. “Today we announce our intention to proceed with a public offer for sale of up to 575 million shares in MTN Nigeria, by way of a bookbuild to institutional investors and fixed price to retail investors,” MTN...

Why FG Sells Electricity to Neighboring Countries – NBET

LAGOS — The Nigerian Bulk Electricity Trading (NBET) has disclosed that Nigeria is selling electricity to neighboring countries for strategic reasons. Nnaemeka Ewelukwa, managing director, NBET, said this when he appeared before the house of representatives committee on finance on Tuesday. According to him, only six percent of the electricity generated in the country is sold to neighboring countries. “Nigeria sells electricity to Niger Republic and Benin Republic. Those transactions recent have been more driven...

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