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CBN Restricts Sugar Importation To Dangote, BUA, FMN

Central Bank of Nigeria (CBN)
Says the three firms have made reasonable progress in backward integration The Central Bank of Nigeria (CBN) yesterday stated that sugar importation in the country can only be done by Dangote Sugar Refinery Plc, Golden Sugar Company, owned by Flour Mills of Nigeria Plc and BUA Sugar Refinery Limited. The central bank disclosed this in a circular dated July 16, titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, a copy of which was posted on the regulator’s website yesterday. The CBN hinged its reason for selecting the aforementioned sugar manufacturers onRead More

FG Approves N6.25bn To Start Cattle Ranching In Katsina

Senior Special Assistant to the President on Media & Publicity, Garba Shehu
The Federal Government has approved N6.25 billion to kick start cattle ranching in the country with Katsina State serving as the pilot scheme. Presidential spokesman, Garba Shehu, in a releaseRead More

China Backs Nigeria’s Industrial Growth, Receives Automobiles From GAC Motors

Chinese flag
The Peoples Republic of China at the weekend expressed its readiness to support Nigeria’s industrial growth, especially in the area of automobile manufacturing. The Chinese Ambassador to Nigeria, Mr. CuiRead More

Osinbajo: Digital Platform Will Revive Nigeria’s Hospitality Industry, Grow Small Businesses

Vice President Yemi Osinbajo
Vice-President Yemi Osinbajo has declared that a digital platform will revive Nigeria’s hospitality industry and provide a major avenue for other small businesses in the value chain to grow especiallyRead More

REVEALED: One Kilogramme Rice Sells For N290 In Jigawa, Bauchi, N950 In Lagos, Anambra As Food Prices Rise In Southern States

Bags of rice
Food prices are beginning to rise at an alarming rate in most of the southern states as 1kg of Nigerian locally planted rice sells for about N290 in Nasarawa toRead More

Southwest IPMAN Dissociates Self From Planned Nationwide Strike

Independent Petroleum Marketers Association of Nigeria (IPMAN)
The Southwest Zonal chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday dissociated itself from the purported nationwide strike directed by the leadership of the association, overRead More

Buhari Tells MTN To Reduce Tarrifs, Provide Quality Service To Nigerians

President Muhammadu Buhari and the MTN Group
Osinbajo: Corporate bodies must ensure accountability in service provision President Muhammadu Buhari yesterday charged the MTN Group to make its services affordable and in high quality to its Nigerian subscribers.Read More

ABCON Mobilises Forex Dealers Against Hoarding

Forex
In an apparent response to the sustained spike in the foreign exchange rate in the country, the Association of Bureaux de Change Operators of Nigeria (ABCON) has begun the mobilisationRead More

MTN Warns Of Disruption Of Services Over Rising Insecurity

MTN Nigeria
The local unit of MTN Group in South Africa yesterday raised the alarm that its services in Nigeria could be disrupted due to the rising insecurity in the country. MTNRead More

Falana: Old Grazing Reserves Law Applied Only To Northern States

Mr. Femi Falana (SAN)
Human rights lawyer, Mr. Femi Falana (SAN), has disclosed that the Grazing Reserves Act of 1964 which President Muhammadu Buhari was bent on reviving was only applicable to northern NigeriaRead More