The Federal Government on Tuesday says it would boost its cocoa production to 500,000 metric tonnes by 2025 from the 340,000 recorded in 2022. Amb. Nura Rimi, Permanent Secretary, Federal Ministry of Industry, Trade, and Investments, stated this at the Pre-National Trade Dialogue Series meeting in Abuja. The NewsContinue Reading
The Ooni of Ife, Oba Adeyeye Ogunwusi, and the Small and Medium Enterprise Development Agency of Nigeria, have launched a N1 billion endowment fund for female entrepreneurs in the country. is named Alhaja Habibatu Mogaji Tinubu Endowment Fund to honour of the mother of President Bola Tinubu. The FundContinue Reading
the Chief Executive of Dangote Group, says the Nigerian National Petroleum Company Limited (NNPCL) does not own 20% stake in Dangote Refinery. Dangote said this on Sunday in Lagos during a media tour of the refinery site. He said the original plan was for NNPCL to own 20% stakeContinue Reading
the Executive Secretary and Chief Financial Officer of the Financial Reporting Council of Nigeria, has advised the federal government to align with international processing and the reporting expectations on cocoa exports. He said Nigeria might lose over $20bn proceeds from cocoa exports within the next three years ifContinue Reading
Flowerbudnews Fisheries and Maritime experts have called for the review of relevant laws to place fisheries under the Ministry of Blue Economy . (Chief Executive Officer, Zoe Maritime, Mrs Tosan Edodo-emore, A maritime Expert and mentor, Barr. Gloria Kanabe, and Chief Executive Officer of Ocean Deep Maritime Services Ltd.,Continue Reading
The Nigeria Customs Service (NCS), Ogun 11 Area Command, generated more than N12.8 billion revenue between January and June. Mr Olusola Alade, the Area Controller of the command said this at a news conference in Abeokuta on Friday .Alade said that the figure represented a significant increase of 51Continue Reading
The total transaction value is approximately 8.3 billion dollars, including Spirit’s last reported net debt, according to Boeing. SAN FRANCISCO: (Xinhua)/Flowerbudnews: — Boeing on Monday announced it has entered into a definitive agreement to acquire Spirit AeroSystems. The merger is an all-stock transaction at an equity value of approximately 4.7Continue Reading
Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and the potential for economic volatility resulting from a changing political landscape. Brent crude futures rose 54 cents, or 0.64%, to $85.55 a barrel byContinue Reading
The naira depreciated against the dollar at the official market (NAFEM) to N1,490 on Monday. This was against the N1,485 to the dollar it closed at the segment on Friday. The currency had been relatively stable around N1,470 and N1,480 to the dollar in the segment since theContinue Reading
