Category: Business
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FINAL PHASE OF POST-BREXIT “NOT FOR EU” FOOD LABELS ROLLS OUT
FINAL PHASE OF POST-BREXIT “NOT FOR EU” FOOD LABELS ROLLS OUTThe UK has launched the final phase of “Not for EU” food labelling on products shipped from Great Britain to Northern Ireland under the Windsor Framework. Since 2023, these labels have marked goods to prevent onward movement into the EU. Now extended to eggs, fish,…
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SRI LANKAN NAVY ARRESTS 7 INDIAN FISHERMEN FOR POACHING
SRI LANKAN NAVY ARRESTS 7 INDIAN FISHERMEN FOR POACHINGThe Sri Lankan navy detained seven Indian fishermen poaching near Talaimannar in the Northern province on Monday night, marking the second arrest in two days. Earlier, eight Indian fishermen and a boat were seized off Mannar. The navy handed over the suspects and vessel to fisheries officials…
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NIGERIA TAPS ONLY 40% OF RUBBER POTENTIAL
Nigeria Taps Only 40% of Rubber Potential, Calls for Industry RevampThe National Rubber Producers, Processors and Marketers Association (NARPPMAN) says Nigeria is exploiting just 40% of its vast rubber potential, with 60% still untapped. National President Peter Igbinosun highlighted that only 160,000 hectares of the 20 million suitable hectares are cultivated, limiting export earnings and…
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PRESIDENT TINUBU KNIGHTED IN LUCIA
President Tinubu Knighted in Saint Lucia for Strengthening Africa-Caribbean TiesPresident Bola Tinubu has been awarded Saint Lucia’s highest national honour, the Knight Commander of the Order of Saint Lucia (KCOSL), in recognition of his efforts to deepen historical and cultural bonds between Africa and the Caribbean. The investiture, performed by Governor-General Errol Charles, now gives…
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LAGOS BEGINS STRICT BAN ON SINGLE-USE PLASTICS
Lagos Begins Strict Ban on Single-Use Plastics Under 40 MicronsLagos State has officially started enforcing its ban on single-use plastics (SUPs) below 40 microns, including styrofoam packs, plastic straws, disposable cups, cutlery, and lightweight nylon bags. Environment Commissioner Tokunbo Wahab warned that any store or market found selling or storing these items will be sealed…
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NIGERIA AND ST LUCIA MOVE TO FORMALIZE DIPLOMATIC TIES
Nigeria and Saint Lucia Move to Formalize Diplomatic TiesPresident Bola Tinubu and Saint Lucia’s Prime Minister Philip Pierre have agreed to formalize diplomatic relations during Tinubu’s state visit to the Caribbean nation. Speaking at a courtesy meeting, Tinubu highlighted the deep historical and cultural bonds between Africa and the Caribbean and emphasized expanding cooperation in…
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FG MAINTAINS PAUSE ON N25 MILLION FRCN LEVY
FG Maintains Pause on N25 Million FRCN Levy Amid Calls for Legislative ReviewThe Federal Government has confirmed that the 60-day pause on the Financial Reporting Council of Nigeria’s (FRCN) controversial N25 million annual levy for Public Interest Entities (PIEs) will continue until a broader legislative review is completed. Trade Minister Dr. Jumoke Oduwole explained the…
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TCN BOOSTS POWER SUPPLY WITH NEW TRANSFORMERS
TCN Boosts Power Supply with New Transformers at Birnin Kebbi SubstationThe Transmission Company of Nigeria (TCN) has energized two new transformers at its 330/132/33 KV Birnin Kebbi Transmission Substation, increasing its capacity from 300MVA to 450MVA. The 100 and 150 MVA transformers, energized last Friday, add 120MW of bulk power to Kaduna Electricity Distribution Company…
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FEDERAL GOVERNMENT PLANS LOCAL BOAT MANUFACTURING
FG Plans Local Boat Manufacturing to Curb Waterway AccidentsThe Federal Government is set to start manufacturing safer boats locally to replace unstable wooden vessels causing frequent accidents on Nigeria’s inland waterways. Pius Akutah, Executive Secretary of the Nigeria Shippers Council, said the Ministry of Marine and Blue Economy and NIWA are working hard to professionalize…
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EBONYI PARTNERS WITH L-PRES TO BOOST LIVESTOCK FARMING
Ebonyi Partners with L-PRES to Boost Livestock Farming, Launches N150m Integrated RanchThe Ebonyi State Government is teaming up with the Livestock Productivity and Resilience Project (L-PRES) to transform livestock farming. The state has released N150 million to kickstart the project, which includes an integrated ranch at Ezzangbo, Ohaukwu LGA, featuring a vet lab, cold chain,…
