Transportation

Dano advises Nigerians to consume milk

Arla Foods, maker of Dano Milk has advised Nigerians to ensure a measured consumption of milk on a consistent basis as recommended by health experts. The clarion call was made by the Dano Category Manager — Powder, Dominic Orimogunje, on the occasion of this year’s World Milk Day. According to him, the estimated daily need for milk in the Food Based Dietary Guidelines throughout the world is a…
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Economy

Subsidy: NNPC says the price of petrol will come down

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major…
Markets

Naira devaluation fake news – CBN

The Central Bank of Nigeria has debunked the claim that it has devalued the naira. A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports. The statement partly reads, “We wish to state categorically that this news report, which in the imagination of the newspaper is exclusive, is replete with outright falsehood…
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Banking

UBA strengthens its alumni network

United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees. According to the statement issued by the bank, in enhancing its initial promises, the revamped…
Banking

FCMB provides loans to customers to purchase airtime

First City Monument Bank has unveiled an innovative product called FCMB Airtime Advance, which allows customers to borrow funds from their bank accounts. A statement from the bank said it allowed borrowings ranging from N200 to N5,000 directly from their bank accounts for…
Agriculture

Arla Foods launches facility to boost milk production

Arla Foods, maker of Dano Milk, says it has inaugurated a state-of-the-art dairy farm in Kaduna State as part of the company’s efforts to ensure sustainable milk production in Nigeria. According to a statement, the farm, located in Damau village, Kubau Local Government Area, Kaduna State, was inaugurated on Thursday, May 25, 2023, by the Governor of Kaduna State, Nasir El-Rufai. The statement…
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Banking

CBN, varsity partner on eNaira

The Central Bank of Nigeria has partnered with Benson Idahosa University, Benin, Edo State, to deepen adoption of eNaira as a payment system and medium of exchange. Branch Controller, CBN, Benin, Michael Mbeze, stated this during a three-day training of students of the…
Markets

Why you should invest your money

In December 2022, the Director of the Bank Examination Department, the Nigeria Deposit Insurance Corporation, Michael Oladele, revealed that N911bn had been lost to ‘get-rich-quick’ schemes in Nigeria over the last 23 years. While this figure may present the raw facts of…
Agriculture

FG unveils barite processing plant, plans import ban

In an effort to ban the importation of barite and promote its local production, the Federal Government, through the Ministry of Mines and Steel Development, has commissioned a barite processing plant in Cross River State. Speaking at the inauguration of the barite processing plant, the Minister of Mines and Steel Development, Olamilekan Adegbite, noted that its location in Ugaga, Cross State was…
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