Ondo State Commissioner for Information and Orientation, Mr Donald Ojogo, 2nd R, with officials of the bitumen mining company and equipment By Banji Ayoola At last, the much awaited exploitation of Nigeria’s vast bitumen deposit has rolled off the ground as the pilot exploitation of the mineral has started in Ondo State, the state with […]
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Naira depreciated to new lows across many markets as continuing Central Bank of Nigeria, CBN’s intervention failed to stem the fall of the Nigerian currency at the official and parallel markets. It depreciated against the dollar by 0.3 per cent or N1 to N389.50/$ at the official Investors & Exporters (I & E) window. Activity […]
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Experts have appraised the effectiveness of fiscal and monetary policies of the Ministry of Finance, Budget and Planning (MFBP), and the Central Bank of Nigeria (CBN), in tackling the country’s economic challenges and found them to be inadequate due to lack of coordination between the two. While the Finance Ministry appears to be focused only […]
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Oyo State Governor, Engineer Seyi Makinde, has asked for a review of secondary schools curriculum to make the teaching of Agriculture as a business. He made this call at the launch of Start Them Early Programme (STEP) in Oyo State and the inauguration of STEP Agribusiness Facility at Fasola Grammar School, Oyo, on Thursday. He […]
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Lagos State Bakers have called on the Federal Government to urgently intervene in the prices of baking materials, which may lead to increase in the prices of bread by 60 per cent anytime soon. The bakers complained that the increase in the prices of baking materials was because of the Covid-19 pandemic currently ravaging the […]
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With global case currently put at 1.39 million and 101,000 deaths, Coronavirus is arguably the biggest challenge facing humanity today. In December 2019, a cluster of pneumonia cases from an unknown virus surfaced in Wuhan, China. Based on initial laboratory findings, the disease named Coronavirus disease 2019 (abbreviated as COVID-19), was described as an infectious […]
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• Experts foresee difficulty in execution• Effect of scourge on debt servicing worries DMO The Central Bank of Nigeria (CBN) has announced six new policy measures to mitigate the spread of the dreaded coronavirus across the country. Addressing journalists yesterday in Abuja, the governor, Godwin Emefiele, said the apex bank’s intervention facilities had been granted […]
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• Warn of recession, say foreign exchange scarcity imminent• ‘Why 2020 budget estimate for oil price, production is unrealistic’ Economists and other stakeholders in the oil and gas sector on Monday predicted a bumpy road for Nigeria’s N146.96 trillion economy, insisting that prevailing realities at the international oil market could worsen the nation’s fiscal outlook, […]
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Plans are underway to build a modern veterinary hospital complex in Akure, the Ondo State capital. Already, Governor Oluwarotimi Akeredolu, SAN, has approved the construction of the facility and that money should be released as soon as fund is available. Commissioner for Agriculture, Asiwaju Adegboyega Adefarati, who disclosed this, noted that continuous training of veterinary […]
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Ondo State Governor Oluwarotimi Akeredolu, SAN, said his administration is placing high premium on agriculture by giving necessary supports to farmers to ensure food security and healthy diets for zero hunger world. This is coming as the governor disclosed that his government has procured 20 tractors to be distributed to interested agricultural associations or farmers […]
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