Month: January 2024

Maize, paddy rice prices to rise in 2024 – AFEX

AFEX has projected that the prices of maize and paddy rice will rise by 25 per cent and 40 per cent, respectively, in Nigeria this year. The forecast was contained in the report which was released on Wednesday in Lagos. In 2023, maize prices fluctuated greatly, reaching a peak of N550,000/mt in Q3 and closing […]

Why SIMs are being barred despite linkage to NINs – NCC

The Nigerian Communications Commission, NCC, has said that the duplication of National Identification Numbers is responsible for the new wave of complaints from subscribers who have had their SIMs barred despite linking them to their NINs. This, according to NCC, is due to the activity of third-party agents who duplicate NINs for unsuspecting telecom subscribers. […]

US Establishes American Corner In Lekki, Lagos

The United States has established an ‘American Corner’ in the Lekki area of Nigeria’s commercial nerve centre, Lagos. ‘American Corners’ serve as regional resource centres for information and programs highlighting American culture, history, current events, and government. According to a statement on the US government official website, www.state.gov, the country’s Secretary of State, Antony Blinken, […]

Alert on Sale of Counterfeit Arla Dano Full Cream Milk Powder- 14g Sachet Across Nigerian Market

The National Agency for Food and Drug Administration and Control (NAFDAC) is notifying the public of the sale of counterfeit Arla Dano 14g full cream Milk Powder across states in Nigeria. Investigations by the TG Arla Dairy Product Enterprise company (Holder of Certificate of Registration) discovered that the counterfeited products were displayed openly in the market. The details of […]

How FG, others gain N1.05trn from Naira depreciation

The three tiers of government recorded N1.05 trillion in income from exchange rate gains into the Federation Account, in nine months to September 30th, 2023, triggered by the 71 per cent depreciation of the naira during the period. This represents a 10,400 per cent increase when compared with the N10.35 billion income from exchange rate […]

Japa: 32,462 Nigerians apply for passports in two weeks

The rush by Nigerians to leave the country for greener pasture reached its crescendo in the new year as 32,462 persons have so far applied for international passports and uploaded their documents from the Nigeria Immigration Service site between January 8 and 21,2024. Of these applications, 15,113 have reportedly been approved for biometric capture and […]

Lagos Plastic Ban: US-Nigeria Trade Council Warns Of Financial Strain On SMEs

The U.S.-Nigeria Trade Council (USTC) has raised alarms, stating that the abrupt prohibition of single-use plastic containers by the Lagos State Government will pose a significant financial burden on Small and Medium Scale Enterprises (SMEs) within the state. Mr. Titus Olowokere, the President of the council, expressed these concerns in a statement released on Tuesday […]

WAEC Holds First CBT Mock Exam On Tuesday

The West African Examinations Council (WAEC) has announced it will conduct the first-ever free computer-based mock exam for private candidates gearing up for the 2024 first-series West African Senior Secondary School Examination (WASSCE). The Acting Head of Public Affairs at WAEC national office in Lagos, Moyosola Adesina, disclosed this in a statement on the regulator’s […]

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