Korede Abdullah in Lagos Nigeria’s cocoa production is poised for a significant boost, with projections indicating a 10% increase in 2024, driven by historically high cocoa prices in the international market. According to the AFEX 2024 wet season report, the elevated prices have incentivized farmers to produce more, while cocoa seedling projects initiated in previous…
Hussaini Kafi in Kano Kano State Government has regretted the recent total blackout of electricity supply in Northern Nigeria, with significant economic loss worth billions of naira in Kano. Governor Abba Kabir Yusuf raised the concern when he received the Minister of Power, Chief Adebayo Adelabu on courtesy visit at Government House in Kano. The…
Korede Abdullah in Lagos Nigeria is set to receive a massive influx of wheat, with 688,793 metric tonnes scheduled to arrive at various seaports across the country by the end of October 2024. This significant importation is expected to reduce food prices, making essential commodities more affordable for citizens. The wheat, loaded into seven vessels,…
Hussaini Kafi in Kano Imrana Jino, a businessman in Kano, has announced plans to sue the Federal Government and the Transmission Company of Nigeria (TCN) in response to the ongoing national grid failures that have plunged Northern Nigeria into darkness. During a press briefing in Katsina, Jino expressed outrage over the persistent power outages, which…
Sultan Rabiu The Vice Chancellor of Elizade University in Ondo State, Professor Kayode Ijadunola has issued a dire warning about the future of Nigeria’s academic institutions. Speaking at a press conference on Wednesday in Ilara-Mokin, he emphasised that escalating electricity costs could lead to the collapse of the university system by 2025 if the government…
The Central Bank of Nigeria (CBN) reveals that 32 per cent of Nigerians remain unbanked, highlighting a significant gap in financial inclusion. Speaking on Wednesday at the Financial Literacy Fair in Abuja, the Acting Head of the Consumer, Ibrahim Yahaya Protection Department, shared that 52% of adults now have formal bank accounts, totaling about 54.2…
President Bola Tinubu has announced that fisheries and aquaculture will be central to Nigeria’s Blue Economy, aiming for self-sufficiency and major fish exports. The President’s message was conveyed by the Minister of Marine and Blue Economy, Adegboyega Oyetola during the 39th Annual National Conference of the Fisheries Society of Nigeria in Abuja. “The recent…
For the growing number of African asylum seekers and economic migrants in the US, the upcoming presidential election could reshape their entire future. “We deserve safety,” says Dr Yves Kaduli, a 38-year-old asylum seeker from the Democratic Republic of Congo who lives in the US. “I have a dream that I will defend those that…
Korede Abdullah in Lagos Nigeria’s 36 states and the Federal Capital Territory (FCT) have recorded a significant increase in internally generated revenue (IGR), reaching N2.43 trillion in 2023. This represents a 26.5% growth from the N1.92 trillion recorded in 2022, indicating improved internal revenue mobilization efforts. The National Bureau of Statistics (NBS) attributed the IGR…
Korede Abdullah in Lagos Nigeria’s internet consumption took a slight hit in September 2024, dropping 0.82% to 850,249.09 terabytes from the 853,954.05 terabytes recorded in August. This decline coincided with a decrease in the country’s subscriber base, largely attributed to the verification of National Identification Numbers linked with SIM cards. The verification exercise, which concluded…
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