Taiwo Hassan The Lagos Chamber of Commerce and Industry (LCCI) has disclosed that Nigerians paid more for goods and services in 2022 than they did in July 2021 by relatively high rate of 19.64 per cent. The chamber noted that this was largely attributable to rise in food and energy prices, FOREX scarcity for […]
In light of the precarious situation that local manufacturers have currently found themselves, the Manufacturers Association of Nigeria (MAN) has charged the Federal Government to accelerate the process of recovery in order to revitalise the country’s real sector of the economy. Indeed, MAN posited that the macro-economic challenges in the country had trickled down manufacturers’ […]
With global value of citric acid expected to reach $4 billion in 2027, Nigeria has been urged to extract more economic value out of cashew by using their wastes to produce citric acid. A lecturer in Food Science, Ladoke Akintola University of Technology, Ogbomoso, Adeoye O. Adekunle (PhD), disclosed this to New Telegraph in an […]
The Trade Union Congress of Nigeria (TUC) has appointed Comrade Nuhu Toro as the Secretary General and Chief Executive of its Labour Centre effective August 12, 2022. The decision was taken at the National Executive Council (NEC) of the Comrade Festus Osifo-led National Executive Council (NEC) of Congress, held in Abuja, after the recommendation by […]
Indications have emerged that Nigeria and other countries in Africa could face increased food scarcity and an unprecedented rural-urban migration crisis if the climate change-induced flooding persists till this year ending. Already, the Nigerian Meteorological Agency has announced that prevailing weather pattern in Nigeria is going to cause above-normal rainfall in about 19 states between […]
There is a popular belief that consuming heart-friendly meals that will keep one’s heart strong and healthy should be the concern of older people who are the most susceptible to coronary heart diseases. But this is a misconception that may lead to a carefree attitude when it comes to the choice of healthy edible oil […]
Agricultural experts have urged Nigerian farmers to embrace the use of data to transform the poultry industry, saying lack of accurate information is hindering farmers from making headway in the business. The experts stated this at the launch of a web-based app designed to keep data on poultry farming. The Chief Executive Officer (CEO) of […]
The Nigeria Deposit Insurance Corporation (NDIC) is one of the few agencies of government that has been consistent in remitting 80 per cent operating surplus into the Consolidated Revenue Fund (CRF). Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, stated this on Thursday when she in-augurated the Executive Director (Corporate Services) of NDIC, […]
Distell Wines & Spirits Nigeria Limited, producers of wines and spirits, has urged its sales managers, sales representatives and brand ambassadors to redouble their efforts for enhanced and greater performance in the coming year. Country Managing Director of the company, Mr. Steve Ighorimoto, gave the charge during the company’s national sales conference 2022 with the […]
A combination of public and private sector financing will be required to produce the massive global investments needed to address the climate challenge, the International Monetary Fund (IMF) has said. The Fund, which stated this in a new blog post co-written by its Managing Director, Kristalina Georgieva, and the Head of its Monetary and Capital […]