Category: Business
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COCONUT PROCESSING NOW AMONG NIGERIA’S MOST PROFITABLE AGRO-BUSINESSES — EX-LASCODA BOSS
A former Managing Director of the Lagos State Coconut Development Authority (LASCODA), Mr Dapo Olakulehin, says coconut processing has become one of Nigeria’s most profitable agro-processing businesses. Speaking in Lagos, Olakulehin said growing awareness of the health benefits of coconut products has continued to increase demand across the country. He noted that the coconut value…
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AFAN CALLS FOR REVIVAL OF NIGERI’S COCOA SECTOR TO BOOST ECONOMY
AFAN has called for urgent efforts to revive Nigeria’s cocoa sector and restore its contribution to the country’s economy. Speaking in Lagos, the association said cocoa was once one of Nigeria’s leading cash crops but has lost its former prominence despite strong global demand. AFAN urged government support for farmers and renewed investment in cocoa…
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CUSTOMS BOSS PUSHES FOR WIDER USE OF AI TO STRENGTHEN NIGERIA’S ECONOMY
The Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, has urged Nigeria to embrace disruptive technologies and artificial intelligence to improve governance, trade administration and revenue generation across the country. Adeniyi made the call while delivering the keynote address at the 4th Biennial International Conference organised by the Faculty of Communication and Information Sciences…
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NIGERIAN CELEBRITIES AND DESIGNERS DRIVE GLOBAL RISE OF AFRO-FASHION
Nigerian celebrities and designers are playing a growing role in pushing Afro-fashion onto the global stage, with African-inspired styles gaining wider international recognition. From Adire and Aso-Oke to Ankara and Akwete, designers are blending traditional fabrics with modern luxury to create bold fashion statements seen at red carpets, music tours and global events. Stars like…
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NSDC SAYS NIGERIA’S SUGAR SECTOR COULD CREATE ABOUT 1 MILLION JOBS
The National Sugar Development Council (NSDC) says Nigeria’s sugar sector has the potential to generate about one million jobs if fully developed. The Executive Secretary/CEO of NSDC, Mr Kamar Bakrin, made this known during a strategic meeting with the Nigeria Customs Service in Abuja. He said the sector could create both direct and indirect jobs,…
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LAGOS RESIDENTS STRUGGLE AS MEAT PRICES CONTINUE TO RISE
Meat prices in Lagos are rising sharply, and many residents say the increase is putting pressure on family budgets. A NAN market survey found that beef, goat meat and frozen chicken now cost significantly more than they did last year. Some residents say they have reduced meat consumption and are switching to fish and eggs…
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AFRICAN EXPORTERS SEE GROWTH POTENTIAL IN CHINA’S ZERO-TARIFF POLICY
African experts say China’s zero-tariff policy presents a major opportunity for African countries to expand exports and strengthen trade ties. The policy, which covers 53 African countries, took effect on May 1 and was discussed during a webinar hosted by the Sino-SA Media Club. Experts noted that Africa can benefit significantly if countries improve production…
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NIGERIA TO DRIVE ECONOMIC GROWTH THROUGH INNOVATION — FG
The Federal Government says Nigeria will continue to use innovation as a key driver of economic growth and national development. The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, represented by the Permanent Secretary, Amb. Dunoma Ahmed, stated this at the 18th BRICS Foreign Ministers Meeting in India. She noted that Nigeria’s tech ecosystem—covering fintech, digital…
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SEC: T+1 SETTLEMENT TO CUT FAILED TRADES, BOOST NIGERIAN MARKET STABILITY
The Securities and Exchange Commission (SEC) says Nigeria’s planned shift to the T+1 settlement cycle will help reduce failed trades and strengthen stability in the capital market. According to SEC Director-General, Dr Emomotimi Agama, the new system will shorten the time between trade execution and settlement, allowing investors to receive their funds faster and improving…
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CSOs CALL FOR NUPRC REFORMS, GREATER BENEFITS FOR OIL HOST COMMUNITIES
Civil society organisations in Akwa Ibom have called for the unbundling of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to improve efficiency and strengthen benefits for oil-producing host communities. The groups made the call in a communique issued after a two-day advocacy workshop for traditional rulers on impact assessments in oil-producing regions. The organisations also…
