The National Horticultural Research Institute (NIHORT) has announced that it will soon release new, pest-resistant pepper varieties to address pepper shortage and soaring prices in the markets. This development comes as a welcome relief to consumers and traders alike, who have witnessed an unprecedented surge in pepper prices. The price of a large bag of…
The Raw Materials Research and Development Council (RMRDC) has urged stakeholders in the rubber industry to support its efforts to review the Act that established the Council. Its Director-General, Prof. Nnayelugo Ike-Muonso, made the call at a one-day investment forum focused on developing and rehabilitating the rubber value chain in Owerri. Represented by the Director,…
The House of Representatives Committee on Public Petitions has opted for alternative dispute resolution on the dispute between the National Identity Management Commission (NIMC) and a private technology company, Truid Limited over payment for services. Chairman of the House of Representatives Committee on Public Petitions, Hon Mike Etaba said the matter has been stepped down…
Bi-Courtney Aviation Services Ltd., operator of the Murtala Muhammed Airport Terminal Two (MMA2), has expressed the hope that the new tax policy and stable forex market in Nigeria will facilitate trade and improve the businesses. The Head of Aeronautical and Cargo Services at Bi-Courtney, Mr Remi Jibodu, expressed the hope in an interview in Lagos….
The Lagos Chamber of Commerce & Industry (LCCI) has warned against the insatiable appetite of Nigeria for loans and it’s poor use of the facilities. Its Director-General, Dr Chinyere Almona in a statement raised concerns about the efficiency of fund allocation and utilization, given that only 16 per cent of previously approved World Bank loans…
Access Bank has provided a naira debt facility to partly fund the aircraft acquisition of Nigeria’s Lagos-based value airline – Green Africa Airways. The facility by the financial institution, the Green Africa Airways’ spokesperson / Brand Marketing Specialist, Omolora Kehinde, said is a significant step in the mission of the carrier to provide safe, affordable…
Global labour body, the International Labour Organisation (ILO) has said at the current pace, progress remains too slow and achieving gender parity in employment at the global level would take more than 190 years. The Beijing Declaration and Plan of Action (BPfA) recognised the critical role that women play in the economy and called for…
The Chief Executive Officer, Heirs Energies, Osayande Igiehon, has reiterated the firm’s commitment to continually contribute to the country’s oil production output. This commitment, he noted, ensured that within three months of acquiring OML 17 by the firm from its previous operator in 2021 doubled production from 25,000 barrels per day to over 50,000 barrels….
Standard Chartered Bank has expressed strong support for Nigeria’s far-reaching economic reforms, describing them as a catalyst for investment inflows and sustained growth. A statement from the Ministry of Finance said the endorsement came during a high-level meeting between a delegation from the bank and the Minister of Finance and Coordinating Minister of the Economy,…
