Category: Business
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BENUE SITTING ON “AGRIC GOLDMINE” — EXPERT URGES STATE TO CASH IN
A former president of the Nigerian Veterinary Medical Association, Charles Ibe, is urging the Benue Government to stop relying heavily on federal allocations and fully tap into its rich agricultural and livestock resources. Speaking in Makurdi during World Veterinary Day events, Ibe described the state as a “goldmine” of crops like soybeans, sorghum, millet, and…
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CASHEW INDUSTRY CRIES OUT: “GIVE US SUPPORT OR LOSE GLOBAL EDGE”
The National Cashew Association of Nigeria is calling on the Federal Government to step in with incentives to revive Nigeria’s struggling cashew value chain. Its president, Joseph Ajanaku, says high production, storage, and processing costs are squeezing farmers and processors making it hard to compete globally. Top of the wishlist: low-interest loans (3–5%) for processors,…
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POLICE ALERT: POS OPERATORS TARGETED IN MULTI-MILLION NAIRA FRAUD
The Kwara State Police Command has warned POS operators to stay alert as fraud syndicates step up schemes involving huge cash transfers. According to police, scammers approach agents with requests to process millions—offering small commissions to make it look legit. But behind the scenes, the transactions are tied to organised financial crimes. The danger? Many…
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POULTRY FARMERS CRY OUT: ‘NO MONEY, NO EGGS’ IN LAGOS
Poultry farmers in Lagos are raising alarm over lack of financing, warning it’s crippling their ability to expand production. Farmers say stocking birds now costs millions, with one producer revealing she spent nearly ₦2 million just to fill her pens — a cost many can’t sustain, leaving some pens empty. To cope, many now raise…
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ENUGU BOOSTS AVIATION SKILLS AS EASTWING, GLOBAL FIRM LAUNCH 525 TRAINING COURSES
From Enugu to Europe-standard classrooms — a new aviation partnership is opening doors for Nigerians to train, certify, and compete globally. Aviation training just got a major lift in Nigeria as Eastwing Aviation Institute, Enugu, partners with Sofema Aviation Services (Bulgaria) to roll out over 525 internationally recognised courses. The programme, supported through a bursary…
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SAUDI ENVOY, DANGOTE MOVE TO BOOST INVESTMENT TIES BETWEEN BOTH ECONOMIES
Saudi Arabia’s Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, has met with billionaire businessman Aliko Dangote to deepen economic cooperation between both countries. The meeting, held at the envoy’s residence in Abuja’s Diplomatic Quarter, focused on expanding partnerships in energy, industry, infrastructure, and investment opportunities. Al-Balawi said the engagement reflects growing Saudi–Nigeria economic relations and…
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COCOA BOOM: OSUN PLANTS 400,000 SEEDLINGS IN 3 YEARS
Governor Ademola Adeleke says Osun has planted 400,000 cocoa seedlings since 2023, distributing them to farmers at subsidised rates as part of a broader plan to reclaim its spot among Nigeria’s top cocoa producers. But it’s not just cocoa—80,000 cashew and 60,000 oil palm seedlings have also gone into the ground, signaling a strong diversification…
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REGISTER NOW OR MISS OUT—FARMERS URGED AHEAD OF PLANTING SEASON
The Young Farmers’ Association is urging farmers in Enugu to register with the state Ministry of Agriculture to access subsidised inputs for the 2026 planting season. According to Chairman Kenneth Eze, registered farmers stand to benefit from fertilisers, seedlings, and even tractors—support that could boost productivity. With rains already setting in, farmers are also encouraged…
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CHINA BLACKLISTS 7 EU FIRMS IN EXPORT CRACKDOWN
China has added seven European Union companies to its export control list, tightening restrictions on the flow of critical materials and technology. The Ministry of Commerce says the move is to protect national security and enforce non-proliferation rules—meaning no more “dual-use” items (goods that can serve both civilian and military purposes) will be supplied to…
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GLOBAL SUPPLY SHOCK: CONDOM PRICES SET TO JUMP 30%, INTERNET REACTS
Karex, the world’s largest condom producer, has warned that prices could rise by up to 30% due to ongoing disruptions linked to the Middle East crisis. The announcement has ignited massive online reactions in China, where the topic “condom prices rising” has racked up over 60 million views, with users debating everything from cost-saving tips…
