Business Archives -

Ondo will remain Nigeria’s leading cocoa producing state – Aiyedatiwa

August 26, 2025Olabanji AyoolaLeave a Comment

launches committee on EU deforestation-free regulation compliance Ondo State, Governor Lucky Aiyedatiwa has declared that the state will reman Nigeria’s leading cocoa-producing state. He gave this assurance while launching the state’s version of the Strategic Committee for European Union Deforestation-Free Regulation (EUDR) Compliance., charging to stakeholders to work towards aligning the state’s cocoa sector with […]

First HoldCo set to dispose shares after Otudeko’s exit

August 6, 2025Olabanji AyoolaLeave a Comment

First HoldCo Plc has announced plans to sell a 25 per cent stake in the company that was recently transferred to a special purpose vehicle, RC Investment Management Ltd. According to Bloomberg, the Managing Director of First HoldCo, Wale Oyedeji, disclosed the development during an investor conference call held in Lagos recently. “We will be […]

Ondo distributes 165 fodder choppers to livestock farmers

June 21, 2025Olabanji AyoolaLeave a Comment

Ondo state government has flagged off the distribution of 165 fodder choppers to livestock farmers in the state to enhance the quality of feeds and boost livestock production. This was in a statement by the Deputy Governor’s spokesman,John Akinduro. Fodder choppers are farm equipment used to cut various types of fodder, such as grass, hay […]

Tony Elumelu expands UBA ownership, buys N43.91bn shares

June 3, 2025June 3, 2025Olabanji AyoolaLeave a Comment

Mr. Tony Elumelu Tony Elumelu, Chairman of United Bank for Africa, has acquired an additional N43.91 billion worth of shares in the bank over a two-day period. According to a regulatory filing submitted to the Nigerian Exchange Group by UBA’s Group Company Secretary, Bili Odum, the transactions were carried out between May 29 and May […]

Dangote moves to crash rice price

May 27, 2025May 27, 2025Olabanji AyoolaLeave a Comment

Nigeria’s efforts to reduce food prices has received another major boost as Africa’s richest man, Aliko Dangote, unveiled a multi-billion naira rice production initiative in Niger state. This is coming days after fellow billionaire Abdul Samad Rabiu vowed to continue crashing rice prices across the country. Speaking at the opening of the 2025 Niger National […]

Dangote Cement PLC Set to Celebrate Top Distributors at 2025 Customers Awards and Gala Night

May 27, 2025Olabanji AyoolaLeave a Comment

As Africa’s leading cement manufacturer and one of the continent’s most valuable brands, Dangote Cement PLC continues to redefine excellence not just in production, but in partnership. With operations in over 10 African countries and a distribution network that fuels some of the continent’s most ambitious infrastructure projects, the company is as committed to people […]

Rice farmers cry as imports crash local industry

May 25, 2025Olabanji AyoolaLeave a Comment

Rice farmers have raised the alarm over the collapse of Nigeria’s rice industry, attributing the shutdown of local mills and mass job losses to cheap imports, insecurity, and lack of government support. Peter Dama, Chairman of the Competitive African Rice Forum Nigeria, lamented the closure of processing facilities and its devastating impact on workers in […]

Poultry farmers lament low egg consumption, blame greedy retailers

May 25, 2025Olabanji AyoolaLeave a Comment

Agency Report The Poultry Association of Nigeria, Lagos State chapter, has attributed the reduced patronage of eggs to low purchasing power, greedy retailers, and low consumption. The PAN Lagos Chairman, Mojeed Iyiola, made this known in an interview with the News Agency of Nigeria on Sunday in Lagos. Iyiola noted that eggs remain the cheapest […]

Aiyedatiwa pledges continuous support for farmers

May 20, 2025Olabanji AyoolaLeave a Comment

– promises to parley with Benin-Owena River Basin Authority on agric, water development – Govt mulls creation of farming zones for displaced local farmers Ondo State Hovernor Lucky Aiyedatiwa, has pledged his administration’s full support and collaboration with the Benin-Owena River Basin Development Authority (BORBDA) to boost agricultural production, enhance water resource management, and promote […]

Forex market speculators bleed amid fresh regulatory actions

May 13, 2025Olabanji AyoolaLeave a Comment

Governor, Central Bank of Nigeria, Dr. Olayemi Cardoso Foreign exchange market speculators are at the receiving end of fresh regulatory actions aimed at stabilising the exchange rate. The exchange rate plays a significant role in every economy, as many factors driving economic growth are linked to it. Nigeria relies heavily on imports for most manufactured […]