Dangote Sugar Refinery Unveils New Packaging, Pledges to Meet Nigeria’s Demand

KADUNA — The Dangote Sugar Refinery (DSR) says it is making concerted efforts to meet the country’s industrial and household sugar demands. Alhaji Abdulsalam Waya, the DSR Head of Sales and Marketing, Northern Region, made the pledge at a trade briefing and unveiling of a new sugar packaging, in Kaduna. Waya, who tagged the unveiling as “New Look, Same Great Quality”, gave the assurance that DRS was committed to meeting the sugar needs of households...

Aero Airline Commences Flight Operations in Bauchi

BAUCHI — The Aero Airline, on Wednesday commenced its maiden commercial flight operations from Bauchi to Abuja. Speaking during the launching ceremony of the flight operations at the Sir Abubakar Tafawa Balewa International Airport, Bauchi, Mr. Abdullahi Mahmood, the Managing Director of Aero Airline, said that the decision was as a result of the state governor’s resolve in revamping the economic activities of the state. He said Bauchi state was chosen due to the governor’s...

Northern Governors Agrees To Adopt Open Ranching

KADUNA — The Northern Governors Forum (NGF) has agreed to adopt ranching and asked the federal government to release funds for the implementation of the National Livestock Transformation Plan (NLTP). Plateau State Governor, Senator Simon Lalong and Chairman of the forum made this disclosure yesterday during the seventh Annual Lecture of Sir Ahmadu Bello Memorial Foundation in Kaduna, saying open grazing is unsustainable and initiated measures to end it. At the annual lecture yesterday, Lalong...

Nasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

The Nasarawa State will construct a neighborhood market in the Akwanga Local Government Area at the cost of N349.7million. Flagging off the construction of the market in Akwanga on Saturday, the governor, Abdullahi Sule said it would boost the socio-economic activities and enhance the standard of living of the people of the area and the state in general. He said the construction of the market was part of activities to mark his two years in...

No Plan To Increase Price Of Petrol-Minister

ABUJA — The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol in June. In a statement in Abuja on Friday, the Minister was reacting to recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol. “Once again, it has become necessary to assure Nigerians that despite...

The Nigeria Inflation Rate Drops for the First Time in 20 Months

The Nigeria inflation rate has dropped for the first time in 20 consecutive months; it recorded 18.12 percent decrease in April year-on-year from 18.17 percent reported in March. The National Bureau of Statistics (NBS) disclosed this in the Consumer Price Index (CPI) April 2021 report published on Monday. Latest data by the agency revealed that food, urban, and rural inflation also dropped, leaving core inflation on the high at 12.74 per cent which rose due...

French President Host African Leaders on Post-Covid African Financing

France President, Emmanuel Macron, on Tuesday, hosted African leaders and global financial institutions for a summit seeking to provide Africa with critical financing after the coronavirus pandemic that drained the coffers of the continent. Africa has so far been less badly hit by the pandemic than other global regions — with a total of 130,000 dead across the continent, compared with 3.4 million worldwide. But the economic cost is only too apparent, with the International...

Avoid Past Mistakes With Sale of GenCos, Group Advises FG

LAGOS — A group, the All Electricity Consumers Protection Forum (AECPF), has advised the Federal Government to avoid mistakes of the past in its plan to sell five power Generation Companies (GenCos) to investors. Mr. Adeola Samuel-Ilori, National Coordinator, AECPF, gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports that the Bureau of Public Enterprises (BPE) had recently called for investors to acquire 100 per...

NGX Opens Week With 0.44% Loss

The Nigerian stock market began trading for the week on Monday with 0.44 per cent loss, amid losses recorded by some blue chips. Specifically, the All-Share Index decreased by 175 points or 0.44 per cent to close at 39,306.47 from 39,431.47 achieved on Friday. Similarly, the market capitalisation which opened at N20.579 trillion lost N92 billion to close at N20.487 trillion. The downtrend was driven by price depreciation in medium and large capitalised stocks amongst...

ICPC Hunts Buhari’s Inlaw, Two Others Over $65m National Housing Funds

ABUJA — The Independent Corrupt Practices and other related offenses Commission (ICPC) has declared Gimba Kumo, former managing director of the Federal Mortgage Bank of Nigeria a son-in-law of President Muhammadu Buhari, and two others wanted over alleged misappropriation of $65 million National Housing Funds. In the notice signed by its spokesperson Azuka Ogugua, the ICPC declared Mr. Kumo wanted alongside Tarry Rufus and Bola Ogunsola over the alleged fraud. “The persons whose pictures appear...

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