The Speaker, Osun State House of Assembly, Rt. Hon. Timothy Owoeye, has called on Nigerians to focus more on locally made products to stimulate domestic production in 2020.
Owoeye, also enjoined them to always strive for the good of the land, saying the much publicised ‘Next Level’ agenda of the President Mohammadu Buhari-led All Progressives Congress (APC) must begin with every Nigerian for a more prosperous country.
The Speaker, in a new year message released by his Chief Press Secretary, Mr. Kunle Alabi, charged Nigerians to look inward and patronise indigenous manufacturers.
Owoeye, reminded Nigerians of the need to …
Following the positive performance at the Nigerian Stock Exchange (NSE), market analysts have urged local investors to sustain the level of participation.
This is coming after proceedings on the nation’s bourse ended the month of November 2019 on the positive trajectory with a gain of N202 billion to close at N13.032 trillion.
Checks by Daily Sun showed that transactions on NSE opened the trading month of November at N12.830 trillion in market capitalisation and 26,355.35 points in All Share Index and settled the last trading day of November at N13.032 trillion and 27,002.15 index points, thus resulting into a gain …
The closure of Nigeria’s land borders with neighbouring – Benin Republic, Niger and Cameroon – since August 20, this year to check smuggling of rice, poultry products, among other food products, and illegal movement of light arms, was expected to boost local food production to bridge the gap created by the Federal Government policy
But rather than see more food stuff available in the market, the country has been witnessing increasing scarcity and price spikes on local rice and poultry products which are among the major food items being smuggled into the country. Local rice farmers and poultry producers blame …
Faouzi Lakjaa, President of the Royal Moroccan Football Federation (FRMF), declared in February that VAR technology will be introduced in the Moroccan football league starting next season.
“Referees will also be trained for the task ahead”, the Moroccan FA boss said.
“The VAAR technology will be implemented to avoid referees mistakes similar to those during the 2018 FIFA World Cup”, he added.
The North African country’s Football Federation
Following an unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to rice millers, merchants and distributors to refrain from such acts, saying it’s very unpatriotic. Emefiele, who met with members of the Rice Millers Association of Nigeria (RIMAN), merchants and distributors at the CBN Headquarters, in Abuja, yesterday also urged them to desist from hoarding the grain.
Noting that imported rice is usually laced with too many chemicals for preservation, which are not good for consumption, he explained that the border closure was to …
The new Senate Committee on Local Content has pledged to support and collaborate with the Nigerian Content Development and Monitoring Board (NCDMB) to strengthen the implementation of Nigerian Content in the oil and gas industry and other key sectors of the economy.
Chairman of the Senate committee in the 9th Assembly, Senator Teslim Folarin made the promise on Wednesday during the onboarding engagement session between the NCDMB and members of the committee at the Senate Chambers in Abuja.
He stated that the leadership of the Senate placed huge importance on Local Content because of its contributions to the development of …
The federal government has set up a committee comprising of 89 persons to monitor the volume of petrol imported and consumed daily in Nigeria.
The team, according to a statement from the Nigerian National Petroleum Corporation (NNPC), was drawn from five key agencies comprising the corporation itself, Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalisation Fund (PEF), and Department of State Services (DSS).
Their job, the statement, which was signed by the Acting Group General Manager Public Affairs of the NNPC, Mr. Samson Makoji, explained, would be to ensure transparency and accountability in the distribution …
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has called on the Nigerian armed forces and paramilitary organisations to patronise the Cross River state Garment Factory for their uniforms. He also hinted that this would form part of the agenda for discussion at a meeting scheduled for October 25 in Abuja.
Emefiele who made the call during a recent visit to the factory, praised the state governor, Prof. Ben Ayade for creating employment for the teaming youths in the state through the Garment factory. The CBN governor said there was no justifiable reason for the Nigerian …
The Nigerian Army says light tactical vehicles and other weapons being locally produced by its company, Nigerian Army Vehicle Manufacturing Company (NAVMC), will help in addressing Nigeria’s internal security challenges.
The Chief of Army Staff, Lt.-Gen. Tukur Buratai, stated this in an interview with newsmen on Thursday after he toured production lines in the company located at Rigachikun in Igabi Local Government Area of Kaduna state.
Buratai disclosed that the first set of the indigenous “light tactical vehicles’’ produced by the company would be exhibited on July 6.
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He said
Local governments financial autonomy is set for a major boost — courtesy of the Nigerian Financial Intelligence Unit (NFIU).
The agency yesterday banned banks, governors, financial institutions, public officers and other stakeholders from tampering with the statutory allocations of Local Government Areas from the Federation Account.
It also said all erring individuals and companies will face international and local sanctions.
The Nigeria Liquefied Natural Gas Limited (NLNG) may incur a fine of about NLNG risks ₦1b fine for local content infringement1 billion for failure to comply with the Nigerian Local Content Policy.
A Niger Delta- based company, Macobarb International Ltd, while disclosing disclosed this on Tuesday, alleging the NLNG had maliciously and fraudulently terminated its contract.
THE successful conduct of the general elections is rubbing off positively on investments, with the inflow of over $6 billion into the local bond market.
Central Bank of Nigeria (CBN) Governor Godwin Emefiele described the foreign capital inflows to the bond market as an indication of the continued investors’ confidence in the strength of the economy.
The CBN boss, who spoke yesterday at the BusinessDay Post-Election Economic Agenda Conference in Lagos, also set a post-election agenda for the nation’s monetary policy. The current policy stance of the bank is expected to continue while inflation is estimated to rise to 12 …
