Category: Business
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FCT TRADERS, RESIDENTS LAMENT RISING PRICES OF TOMATOES, PEPPER AND OTHER FOOD ITEMS
Traders and residents in the Federal Capital Territory (FCT) are expressing concern over the continued rise in prices of tomatoes, pepper, and other perishable food items. Many traders say prices have increased significantly in recent weeks, making it difficult for them to restock and for customers to afford basic ingredients. They attribute the situation to…
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LAGOS CAN’T MEET GROWING COCONUT DEMAND, SAYS FORMER LASCODA BOSS
Coconut demand in Lagos is growing faster than local production, according to former Lagos State Coconut Development Authority (LASCODA) Managing Director, Dapo Olakulehin. Speaking in Lagos, Olakulehin said increased awareness of the health benefits of coconut products has boosted consumption and processing activities across Nigeria. He noted that although Lagos now produces about 290,000 metric…
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LAGOS TRADERS, RESIDENTS LAMENT LOW SALLAH PATRONAGE AMID RISING FOOD PRICES
Traders and residents in Lagos say this year’s Eid-el-Kabir market activity is slower than expected as rising food and livestock prices continue to affect spending. Some traders told NAN that patronage has dropped compared to previous Sallah celebrations, with many customers complaining about limited funds. Food sellers also said prices of tomatoes, rice, pepper and…
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DANGOTE GROUP CREDITS FRSC SAFETY MEASURES FOR REDUCTION IN TRUCK CRASHES
Dangote Group says safety recommendations from the Federal Road Safety Corps (FRSC) are helping to reduce truck crashes linked to its cement transport operations across Nigeria. According to the company, a Safety System Gap Analysis conducted by the FRSC in 2025 identified issues such as speed limit violations, overloading, weak safety monitoring and poor driver…
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AFDB SEEKS URGENT REFORMS TO UNLOCK AFRICA’S $4 TRILLION SAVINGS
The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. According to him, Africa’s challenge is not…
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SALLAH: DUTSE RESIDENTS STRUGGLE AS RAM PRICES SURGE AHEAD OF EID-EL-KABIR
Residents of Dutse in Jigawa State are expressing concern over the rising cost of rams and other sacrificial animals ahead of the Eid-el-Kabir celebration. Market checks indicate that livestock prices have increased by over 300% compared to previous seasons. A large ram reportedly sells for about N500,000, while a well-bred bull goes for around N1…
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OVER 3,000 DELEGATES SET FOR AFDB MEETINGS IN CONGO AS AFRICA FACES $400BN FINANCING GAP
The African Development Bank (AfDB) says more than 3,000 delegates will gather in Brazzaville, Republic of Congo, for its 2026 Annual Meetings. The meeting, scheduled for May 25 to 29, will focus on addressing Africa’s widening development financing gap, estimated at $400 billion annually. Key discussions will cover infrastructure, energy, food security, climate adaptation and…
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MIYETTI ALLAH SEEKS FG LOAN SUPPORT FOR BUTCHERS TO REDUCE BEEF PRICES
The Miyetti-Allah Fulaku Yeso Yeso Development Association (MAFYDA) has appealed to the Federal Government to provide loan support for butchers nationwide to help reduce the rising cost of beef. The association said many butchers are unable to buy cows directly from livestock farmers because of limited funds, forcing them to depend on middlemen who resell…
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CHINA, NIGERIA STRENGTHEN CULTURAL DIPLOMACY THROUGH TEA, SILK ROAD HERITAGE EVENT
China and Nigeria have deepened cultural diplomacy through a heritage-focused event held in Abuja, showcasing traditional arts, music, and tea culture. The 2026 “Tea for Harmony Yaji Cultural Salon” featured performances such as tea ceremonies, guqin music, incense rituals, ceramic art, and tea tasting sessions. The event was organised by the Chinese Embassy in Nigeria…
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NASARAWA GOVT URGES ROADSIDE TRADERS TO RELOCATE TO MUHAMMADU BUHARI INTERNATIONAL MARKET
The Nasarawa State Government has urged roadside traders along the Mararaba/Karu axis to relocate their businesses to the Muhammadu Buhari International Market. Officials said the directive is part of ongoing efforts to decongest traffic and improve order around the flyover construction in the area. Authorities also warned that roadside trading and obstruction of access roads…
