Flowerbudnews (Abuja) The News Agency of Nigeria (NAN) Staff Multipurpose Cooperative Society Limited has declared N20,334 million as profit after expenses for the 2023 financial year. The President of the society, Mr Stephen Igiewe, announced the amount at the agency’s 12th Annual General Meeting (AGM) in Abuja on Thursday. HeContinue Reading
In a bid to revolutionize agriculture in Katsina State, Governor Dr. Dikko Umar Radda led a delegation to China to seal partnerships with leading agricultural equipment manufacturers. The visit, facilitated by Mr. Xu Xianrui, Managing Director of Woerka Nigeria Company Limited, and Ambassador Bernard Oshi of Ben 10 Equipment Inc.,Continue Reading
The Federal Government on Tuesday unveiled the zero draft of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP). The policy aims to address the pressing challenges within the Nigerian Electricity Supply Industry and set the nation on a path toward a robust, sustainable, and inclusive power sector.Continue Reading
Flowerbud News Vice-President Kashim Shettima has urged heads of agencies to be guided by the extant provisions that established their organisations in preparing their 2025 budget. Shettima, represented by Sen. Ibrahim Hadejia, made the call during a retreat for the Chief Executives of the Ministries Department and Agencies (MDAs) underContinue Reading
Flowerbud News The Nigerian Exchange Ltd. (NGX) has lifted the suspension placed on trading in the shares of Guinea Insurance Plc, effective Aug.12. NGX, in its weekly report made available to newsmen in Lagos, confimed that the suspension was lifted because the insurer had filed its audited financial statements forContinue Reading
Oyo Govt. Commences free distribution of 21,000 bags of fertilizers to 10,500 farmers By Adewale Owoade Oyo State Government, in collaboration with the Federal Government, has commenced the free distribution of 21,000 bags of assorted fertilizers to over 10,500 farmers in the state. The flag-off ceremony was held atContinue Reading
Federal Executive Council Orders NNPC to Sell Crude Oil to Local Refineries THE FEDERAL Executive Council (FEC) has directed the Nigerian National Petroleum Corporation (NNPC) to start selling crude oil to local refineries, including Dangote Refinery. This move aims to stabilize refined fuel prices and the dollar-Naira exchange rate.Continue Reading
Flowerbud News Equity investors on the Nigerian Exchange Ltd. (NGX) experienced a significant loss of N1.32 trillion in the just concluded week. The downward performance was driven by selloffs in Tier-one banking stocks namely: Zenith Bank, Guaranty Trust Holding Company (GTCO), and also Dangote Cement, Dangote Sugar, African Prudential, amongContinue Reading
Flowerbud News The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market (NFEM). According to Mrs Hakama Sidi-Ali, acting Director, Corporate Communications Department of the apex bank, the transactions were conducted on Monday and TuesdayContinue Reading
