Category: Business
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CSO COALITION URGES FG TO PROTECT SMALLHOLDER FARMERS FROM AGRO-INDUSTRIAL GIANTS
A coalition of civil society organisations has called on the Federal Government to shield Nigeria’s smallholder farmers—the backbone producing up to 70% of the nation’s food—from the risks posed by expanding agro-industrial corporations. Speaking at an Abuja rally, the group urged lawmakers and the Livestock Ministry to establish strong land protection laws, ensure thorough Environmental…
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INDIGENOUS CONTRACTORS SUSPEND PROTEST AFTER SENATE INTERVENTION, DEMAND PAYMENT OF 2024 DEBTS
The All Indigenous Contractors Association of Nigeria (AICAN) has paused its nationwide protest following the intervention of the Senate, led by spokesperson Sen. Adeyemi Adaramodu. The protest, demanding payment for over $3 billion worth of capital projects completed in 2024, had disrupted activities around the National Assembly. AICAN President Jackson Nwosu and Vice President Fredrick…
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FG TARGETS CLIMATE-RESILIENT CROPS TO BOOST FOOD SECURITY
The Federal Government is stepping up efforts to increase sustainable crop yields by focusing on climate-resilient and disease-tolerant crops that can withstand pests, diseases, and extreme weather. Minister of State for Agriculture, Sen. Aliyu Abdullahi, outlined these commitments at the 47th National Council on Agricultural and Food Security meeting in Kaduna, themed “Food Sovereignty and…
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BAUCHI STATE AGRICULTURAL DEVELOPMENT PROGRAMME (BSADP) RAISES ALARM OVER POST-HARVEST LOSSES
The Bauchi State Agricultural Development Programme (BSADP) has voiced concern about increasing post-harvest losses that greatly affect farmers’ incomes and food security. Mr Rafilawus Iliya, Director of Agricultural Technical Services at BSADP, highlighted poor harvesting timing, inadequate tools, and bad transportation as key contributors to these losses. He revealed that many farmers lose up to…
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NIGERIAN STOCK MARKET RECORDS 4TH CONSECUTIVE LOSS, INVESTORS LOSE N348 BILLION
The Nigerian equities market slumped for the fourth straight session on Thursday, resulting in a staggering loss of N348 billion for investors. Key stock selloffs including Legend Internet, Champion Breweries, and Tantalizer triggered a 0.36% dip in market capitalisation, which closed at N95.316 trillion compared to an opening of N95.664 trillion. The All-Share Index similarly…
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AFRICA LOSES $75 BILLION ANNUALLY TO BIASED CREDIT RATINGS—EXPERTS SOUND ALARM AT DAKAR CONFERENCE
Experts at a major two-day conference in Dakar, Senegal, have issued a stark warning that Africa is losing approximately $75 billion every year due to biased credit ratings imposed by foreign agencies. Organized by AfriCatalyst, SAIIA, UNDP, and AUDA-NEPAD, the event gathered top policymakers, economists, and financial experts focusing on how Africa can amplify its…
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SEN. NED NWOKO CALLS FOR STRONGER ACTION TO TRACK AND RECOVER STOLEN CRUDE OIL PROCEEDS WORTH BILLIONS
Senator Ned Nwoko, representing Delta North and Chairman of the Senate Ad hoc Committee on Oil Theft and Sabotage, has pressed for an expanded mandate to trace, track, and recover billions of dollars lost to crude oil theft both within Nigeria and internationally. Speaking in Abuja, Nwoko revealed forensic audits uncovered over $300 billion in…
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MAN SUPPORTS 15% IMPORT TARIFF ON PETROL AND DIESEL TO BOOST LOCAL INDUSTRY AND ENERGY SECURITY
The Manufacturers Association of Nigeria (MAN) has expressed strong support for the recently approved 15% import tariff on petrol and diesel, viewing it as a patriotic policy aligned with the Nigeria-First agenda. MAN Director-General Segun Ajayi-Kadir said the tariff will strengthen local content, promote value addition, and boost refinery capacity. Ajayi-Kadir highlighted that the tariff…
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INDIGENOUS CONTRACTORS PROTEST AT NATIONAL ASSEMBLY DEMANDING PAYMENT OF OUTSTANDING 2024 CONTRACTS
The All Indigenous Contractors Association of Nigeria (AICAN) has staged peaceful protests at the National Assembly in Abuja calling on the Federal Government to clear overdue payments for fully executed 2024 contracts. President Jackson Nwosu highlighted that the prolonged delay has caused severe financial distress for many contractors, with some facing health issues due to…
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OYO GOVERNOR MAKINDE COMMITS TO AVIATION FOR ECONOMIC GROWTH, EMPOWERS WOMEN IN SECTOR
Oyo State Governor Seyi Makinde has reaffirmed his administration’s dedication to harnessing the aviation industry as a driver for infrastructure development and economic expansion. Speaking during the Women in Aviation International Nigeria Chapter conference in Ibadan, Makinde, represented by Deputy Governor Bayo Lawal, praised the vital roles women play in the aviation sector. Highlighting the…
