The smuggling of rice through the land borders has continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s ban on the practice. The News Agency of Nigeria (NAN) reports that markets along Badagry Expressway close to Seme border, are stocked with various varieties of smuggled rice, especially as the […]
Continue ReadingAhead of Christmas and New Year celebrations, prices of tomatoes and pepper have reduced by 55 per cent in most Lagos markets. At Mile 12 and Iddo markets, a basket of tomatoes which previously cost N9,000 now sells for N5,000, while tatashe and chilli pepper cost N4, 500 and N4,000 respectively, as against N8,000 in […]
Continue ReadingThe Nigerian Civil Aviation Authority (NCAA) has given its verdict on the wrangle between the management of Arik Air and some 40 passengers who have been protesting the non-arrival of their baggage for five days since arriving Nigeria from London. On Wednesday, NCAA directed Arik Air to return all the delayed baggage within the next 24 […]
Continue ReadingCrude rose above $55 a barrel as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday’s gains took the rally since the Organization of the Petroleum Exporting Countries’ agreement was struck on Wednesday to 19 per cent for […]
Continue ReadingPan-African financial services group, United Bank for Africa Plc, UBA, has announced the commencement of its annual end of year campaign, Cashless December. This year’s edition has been themed “25 Days of Awesomeness” and it seeks to reward cashless living. Customers who use UBA internet banking or cards stand a chance to win amazing prizes […]
Continue ReadingThe Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20ft container of “READY TO EAT FOODS’’ like Egusi Soup, Jollof Rice, Ogbono, Yam Porridge imported from India. The Customs Area Controller, Comptroller Bashar Yusuf, disclosed this in a statement made available to newsmen on Monday in Lagos by the Public Relations Officer […]
Continue ReadingAfrican Development Bank (AfDB) has resolved to launch $800 million scheme to support the agriculture sector in Nigeria. The Pesident of AfDB, Dr. Akinwumi Adesina, said in Abuja on Monday that the support is on the platform of the AfDB’s initiative called Technology for African Agriculture Transformation (TAAT). It is part of the efforts to […]
Continue ReadingThe Federal Republic of Nigeria and the Kingdom of Morocco have signed twenty-one bilateral agreements during the three-day official visit of the Moroccan King Mohammed VI to Nigeria.The agreements included, the Memorandum of Understanding Relating to Potential Collaboration Between Heirs Holdings and Banque Centrale Populaire and Memorandum of Understanding between United Bank for Africa Plc […]
Continue ReadingThe Association of Licenced Telecommunications Operators of Nigeria (ALTON) on Thursday informed consumers to expect poor data services, without the review of the Data Tariff Floor. The Chairman of ALTON, Mr Gbenga Adebayo said in a statement in Lagos, that there was the need for an upward review, so as to offer better data services […]
Continue ReadingAn agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring in record trading volumes on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday its first oil output reduction since 2008 after de-facto leader Saudi Arabia accepted “a big hit” and dropped […]
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