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Aquacultural Stakeholders Vie For Better Fish Exports In Nigeria

Aquacultural Stakeholders Vie For Better Fish Exports In Nigeria

May 11, 2022 10:26 am

Stakeholders in the aquacultural industry in Nigeria have harped on the need to open up more implementations and bridge the gaps in the acquacultural industry in order to improve the rate of international acceptance of locally grown fish which is being exported.

These stakeholders opined this at the ongoing Norwegian Seafood Council capacity training for fishery officers and stakeholders in Lagos.

Read Also: Kenya: Kenyans Eating Toxic Fish From China

Mrs Abbey Cheke who is the Norwegian Seafood Council representative also made sure that she harped on the importance of the training and capacity building to equip the sector for …

Prepare For Worst Fuel Scarcity, Marketers Warn Nigerians

Prepare For Worst Fuel Scarcity, Marketers Warn Nigerians

May 11, 2022 5:30 am

The Independent Petroleum Marketers Association of Nigeria has called on Nigerians to prepare for the worst fuel crisis following recent developments in the energy sector.

As a way of averting this, the petrol marketers association have appealed to the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay its members their outstanding bridging claims amounting to over ₦500 billion.

The IPMAN chairman in Kano State, Bashir Danmalam, made known while addressing a news conference in Kano State on yesterday.

Read Also: Africa Must Prepare For A Global Food Crisis, Says Adesina

He said the …

Naira 'Resurrects' At ₦429.62 To Dollar At Investors' Window

US Dollar Soars As Nigerian Naira Crashes, Closes At 419

May 9, 2022 6:09 pm

Monday saw the Nigerian Naira depreciating at the Investors and Exporters window while exchanging at ₦419 to the dollar, a 0.48 per cent depreciation, weaker than ₦417 it traded on Friday.

Reports have shown that the open indicative rate closed at ₦419 to the dollar on Monday.

An exchange rate of ₦423.00 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦419.00.

Read Also: Oshodi Traders Hail CBN’s Introduction Of e-Naira

The Naira sold for as low as 410.84 to the dollar within the day’s trading. A total of 53.15 million dollars was …

Disregard ₦700 Per Litre Price For Aviation Fuel - MOMAN

Disregard ₦700 Per Litre Price For Aviation Fuel – MOMAN

May 9, 2022 12:17 pm

Contrary to widespread reports on Sunday, the Major Oil Marketers Association of Nigeria (MOMAN) has asked the general public to disregard the claims that Aviation Turbine Kerosene (ATK), also known as aviation fuel, was being sold at ₦700 per litre in some parts of the country.

The Executive Secretary for the Major Oil Marketers Association of Nigeria, Mr Clement Isong, made this known in an interview on Monday in Lagos. The Airline Operators of Nigeria (AON) had threatened to go on strike on May 9 claiming that the cost of aviation fuel had risen to about ₦700 per litre from …

Airline Operators Makes U-Turn, Cancel Nationwide Shutdown

Airline Operators Makes U-Turn, Cancel Nationwide Shutdown

May 9, 2022 2:56 am

The Airline Operators of Nigeria, (AON) have it has reneged on its the earlier decision to shut down flights beginning from Monday, May 9, calling off the suspension.

Africa Daily News, New York recalls that the AON had in a statement vowed to shut down operations following the high cost of aviation fuel.

In a statement by the president of the AON, Alhaji Abdulmunaf Yunusa Sarina on Sunday, he announced that airlines would continue operations as usual.

According to him, the development followed a deliberation with the Federal Government on how to tackle the fuel issue.

In a statement, Sarina …

Netflix, Realness Institute Announce 12 Participants For 2022 Traineeship

Netflix, Realness Institute Announce 12 Participants For 2022 Traineeship

May 6, 2022 6:45 am

Realness Institute, in partnership with entertainment streaming platform, Netflix, has selected 12 participants for the 2022 Episodic Lab (EPL) and Development Executive Traineeship (DET).

Realness Institute, a non-profit organisation, aims to empower Africans to tell their stories from an unapologetically African point of view.

Realness Institute stated this in a statement by Rick Nwanso of Presêth Communications on Thursday in Lagos.

Read Also: Netflix Begins Movie Production Training For Nigerians

According to the statement, the successful applicants were drawn from a competitive pool of 200 submissions from an open call, which closed on 21 January 2022.

“EPL and DET

…
Abramovich’s Position Over Sale Of Chelsea FC Remains 'Unchanged'

Abramovich’s Position Over Sale Of Chelsea FC Remains ‘Unchanged’

May 6, 2022 6:10 am

Billionaire Roman Abramovich says his position over the sale of Chelsea Football Club of England is unchanged and has denied asking for any loan to be repaid to him.

Reports have suggested that the Russian-Israeli, who was sanctioned by the UK Government on March 10 following Russia’s invasion of Ukraine, could insist on a repayment.

He is being owed 1.5 billion pounds (1.9 billion dollars) by the club.

Read Also: Swiss Billionaire Wyss Offers To Buy Chelsea

Such a move could jeopardise the entire sale process of the English Premier League (EPL) club.

A consortium spearheaded by Los Angeles Dodgers …

Illegal Conversion Of Currency: CBN Makes More Clarifications

Oshodi Traders Hail CBN’s Introduction Of e-Naira

May 5, 2022 1:52 pm

Traders at Kairo Market, Oshodi, Lagos, on Thursday commended the Central Bank of Nigeria (CBN) for introducing the digital currency, e-Naira

The traders gave the commendation at a sensitisation programme organised by the apex bank, in collaboration with Bizi Mobile, an e-Naira wallet agent.

Read Also: CBN’s Suspension Of FX Supply To BDCS Boosts Banks’ Income

The Secretary of Oshodi Market union, Mr Obinna Umeh, applauded CBN for proffering a lasting solution to fake alerts often received by traders, adding that it had been hindering their operations.

“The CBN couldn’t have come at a better time to educate us about

…
NGX: Equities Market Extends Gaining Streak By ₦263Bn

NGX: Equities Market Extends Gaining Streak By ₦263Bn

May 5, 2022 3:07 am

Bullish sentiment returned to the Nigerian Exchange Ltd on Monday following investors’ interest in the agricultural and the consumer goods sectors, which ensured the first gain of the week.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are Okumuoil , Presco, Cadbury, Nigerian Breweries, International Breweries and Champion.

Specifically, the market capitalization garnered ₦263 billion or 0.98 per cent to close at N27.024 trillion from ₦;26.761 trillion on Friday.

Also, the All-Share Index advanced by  or 0.98 per cent to close at 50,126.41 against 49.638.94 achieved on Friday.

Read Also: ₦70b Wiped Out

…
Ukraine Conflict Causing Huge Volatility For Energy Market - OPEC

Ukraine Conflict Causing Huge Volatility For Energy Market – OPEC

May 4, 2022 11:40 am

The Organisation of the Petroleum Exporting Countries (OPEC) says the ongoing war by Russia in Ukraine is causing huge volatility in the global energy market.

Mr Mohammad Barkindo, OPEC Secretary-General, made the assertion while speaking at the virtual 62nd Meeting of the Joint Technical Committee (JTC) on Wednesday.

Read Also: The G20 Expresses Its Opposition To Russia’s War In Ukraine

Barkindo noted that there were implications and possible far-reaching consequences of the ongoing conflict in Ukraine.

He said: “As highlighted at our last meeting, the conflict has compounded the uncertainties related to the pandemic.

“It has heralded in further economic 

…
Expert Attributes NGX Rally To Uncertainties In Fixed Income Securities

Expert Attributes NGX Rally To Uncertainties In Fixed Income Securities

May 3, 2022 9:47 am

The Managing Director, ARM Securities Ltd., Mr Rotimi Olubi, has attributed sustained rally on the Nigerian Exchange Ltd (NGX) to heightened uncertainties in the fixed income space.

Olubi disclosed this in an interview on Tuesday in Abuja.

He added that positive earnings performance by some quoted companies continued to the current rally in the stock market.

He predicted that the uncertainties were expected to persist till the third quarter (Q3) when fixed income yield would peak.

Read Also: ₦70b Wiped Out Of Nigerian Stock Exchange

Olubi said the development would encourage more inflow of funds into the stock market, stressing …

Germany Getting ‘Ready’ To Ban Russian Oil - Economy Minister

Germany Getting ‘Ready’ To Ban Russian Oil – Economy Minister

May 3, 2022 2:30 am

German Foreign Minister Annalena Baerbock on Monday disclosed that Berlin was ready to support a gradual, EU-wide embargo on Russian oil imports which could come in place before the end of the year.

Speaking on Germany’s ARD television which was monitored by Africa Daily News, New York which was monitored, Baerbock said; ‘And we are preparing this in such a way, that we could if necessary keep it up over the coming years’.

Her statement comes a few days after Economy and Climate Minister Robert Habeck disclosed that he expects Germany could be fully independent of Russian crude oil …

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