Minister of Agriculture and Rural Development, Audu Ogbeh, yesterday June 2nd, released details of the 2011 National Agricultural Sample Survey, which shows an estimated number of livestock in the country. At a news conference in Abuja, Ogbeh said the 2011 census on Nigeria’s livestock showed that the country had an …
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Unilever Nigeria declares N1.04b profit in Q1 2016
The financial results of Unilever Nigeria Plc for the first quarter (Q1) ending 31st March 2016 show an impressive growth for the multinational. The company posted a Turnover and Profit after Tax of N16.78 billion and N1.04 billion respectively with improvements across board. A statement released by the company said …
Read More »My China trip yielded over $6bn investments,says Buhari
Amidst criticisms of his frequent overseas trip, President Muhammadu Buhari on Friday expressed satisfaction that his just-concluded one week official trip to China had yielded over $6bn additional investments for Nigeria. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement …
Read More »35 ships laden with petroleum products, food items to arrive Lagos
Thirty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from April 4 to April 26. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available …
Read More »Nigeria, China trade volume hits N2.9trn
The trade volume between Nigeria and China has hit N2.9 trillion. This was revealed during a courtesy visit by the Chinese ambassador to Nigeria,Xiaojie Gu , to the Minister of Science and Technology, Dr. Ogbonnaya Onu in Abuja. According to the envoy, the latest trade volume was recorded as at …
Read More »Unilever Nigeria plc’s PAT run rate improves in Q4 over Q3
Unilever Nigeria Plc released its results for the year ended 31st December 2015 where it recorded a considerable leap in Profit After Tax (PAT) from its third quarter (Q3) 2015 position of N141million to close the year with PAT of N1.19billion. The company also recorded turnover of N59.2 billion for …
Read More »Dangote opens Tomato Factory to compete with Chinese Imports
Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China. “We have fully started operations today and the target is 1,200 metric tons per day,” Abdulkareem Kaita, managing director of …
Read More »Nigeria loses $1.5 bn annually to vitamin, mineral deficiencies, says World Bank
A World Bank Specialist on Welfare Economics, Prof. Foluso Okunmadewa says Nigeria loses 1.5 billion dollars in Gross Domestic Product (GDP) annually to vitamin and mineral deficiencies. Okunmadewa said this at the Stakeholders’ Dialogue on the reviewed Draft National Policy on Food and Nutrition (NPFN) by the Federal Ministry of …
Read More »We’ve not unbundled NNPC,says Kachikwu
Minister of State for Petroleum Resources, Ibe Kachikwu has said government has not unbundled the Nigeria National Petroleum Cooperation, NNPC yet. Explaining the development at the oil sector in an interview with State House correspondents after the meeting of the Federal Executive Council, FEC, at the Presidential Villa, Abuja, the …
Read More »100 Indian pupils in hospital after eating school meal-Police
Nearly 100 Indian schoolchildren were hospitalised with suspected food poisoning Thursday after eating a free midday meal at a government-run school near Mumbai, police said, adding that some were in a critical condition. “Ninety-seven have been admitted to hospital, a few of them are critical. They started vomiting after eating …
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