Naira Exchange Rates •Commodity Prices Friday, August 21
Commodity Price (US$)
Soybeans 1216.40
Wheat 677.22
Palm Oil 5018.00
Sugar 17.38
Cocoa 5975.81
NPA issues 72hrs policy access for export cargoes
The Nigerian Ports Authority (NPA), says: ” Effective from Monday, April 22, 2024, a policy will be implemented regarding access to the port terminals for designated export trucks.” NPA, in the statement, said: ” “All designated export trucks will now have only 72 hours to access the designated terminal after leaving the Export Processing Terminal,…
FIRS: The New Powerhouse Fueling Nigeria’s Fiscal Sustainability
By Dare Adekanmbi LONG before Nigeria claimed its independence in 1960, agriculture was the heartbeat of its economy. The stories of the First Republic highlight how various regions flourished— from the North’s bustling groundnut pyramids to the fertile cocoa farms in the West, and the East’s thriving rubber and palm oil production. Each region carved…
Lebara Enters Nigerian Telecom Arena to compete with MTN, Airtel ,Glo and 9mobile
“You buy minutes, not airtime. If your call ends in 30 seconds, you still have 99 minutes and 30 seconds left. “ Lebara, a new telecom operator has made its entry into the Nigerian market with the introduction of its unique 0724 number. Nigerian Communication Week reports that Lebara is leveraging its status as a…
LG Shares Five Stay At Home Ways To Spice Up Romantic and Fun Ideas For Couples
Cover Image Credit: Google Are you looking for some romantic ideas for a relationship that will make your partner feel special and loved? Do you want to break the routine and add some excitement and fun to your relationship? If you answered yes, then this blog post is for you! We will share with you…
Premium Steel Management Blames Delay in Full Takeoff on Iron Ore
“I have the mandate of Mr. President to intervene and resolve all issues holding these assets down and ensure that the noble vision of our founding fathers is realized in these projects.”
Iron Dealers Await Outcomes of SON Reports on Substandard Steel to NASS
The Iron Rod and Steel Distributors Employers of Nigeria (IRSDEUN) is demanding the outcome of the reports on suspected iron rod producers from the Standard Organization of Nigeria and Tax laws from the Federal Inland Revenue Service, as mandated by the House of Representatives Committee on Steel Development. Industrial Times, learned that in a letter…
NACCIMA’s Oye Advocates Economic Sovereignty for Nigeria *What’s Economic Sovereignty?
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
BUA Lauds AFC for providing long-term financing for industrial projects
Drawing from BUA Group’s experience, Rabiu recounted the company’s transition from cement importation to local production in Nigeria over sixteen years ago.
Fan Milk To Off-take Raw Milk From Obasanjo Farms
Fan Milk PLC, a subsidiary of Danone Company, has signed a partnership agreement with Obasanjo Farms Nigeria Limited, to supply raw milk for its operations. Chief Olusegun Obasanjo, the Chairman of Obasanjo Farms Limited, signed on behalf of the Farms, while Mr Vikram Agarwal, Global Chief Operations Officer Danone, signed for Fan Milk PLC. In…