Author: Ogochukwu Ndubuisi

Nigeria Loses $10bn Annually to Post-Harvest Losses – Kyari Minister of Agriculture and Food Security, Sen. Abubakar Kyari, says Nigeria loses $10 billion annually to post-harvest losses. Kyari disclosed this on Monday during the inauguration of the Green Legacy Rural Community Agriculture and Infrastructure Network (G.R.A.I.N) Pulse Centre initiative at Kangire community, Birnin-Kudu LGA, Jigawa. He said the losses were due to poor storage, weak infrastructure, limited processing, climate change, flooding, soil degradation, and increasingly erratic rainfall across the country. According to him, agriculture contributes about 24 per cent of Nigeria’s GDP, with smallholder farmers producing around 70 per cent…

Atiku Not in Touch with Nigeria’s Progress – Presidency ‎ The Presidency has dismissed recent criticisms by former Vice President Atiku Abubakar on rising hunger, asserting that Nigeria is making steady economic progress under President Bola Tinubu. ‎This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Monday in Abuja. ‎Onanuga described Atiku’s comments on hunger and possible revolution as, “cheap talk” disconnected from Nigeria’s current trajectory. ‎”Talk is cheap. Former Vice President Atiku Abubakar and his handlers are clearly out of touch with the positive developments currently unfolding in our country.” ‎”Their claim that hunger…

Federal Government Suspends 4% Import Duty Levy The Federal Government of Nigeria (FGN) has ordered the immediate suspension of the controversial Free On Board levy on all imported goods. In a directive issued late on Monday, Finance Minister Wale Edun said that the levy, introduced by the Nigeria Customs Service (NCS) last month, should be suspended to address the concerns raised by businesses. “Following extensive consultations with industry stakeholders, trade experts, and relevant government officials, it has become clear that the implementation of the 4% FOB charge poses significant challenges to Nigerian trade facilitation, the business environment, and economic stability,”…

FG to Relocate Cattle From Abuja to Grazing Reserves The Federal Government says it is working with relevant stakeholders to fast-track the relocation of cattle roaming the Abuja city centre to designated grazing reserves. The Minister of Livestock Development, Dr Idi Maiha, disclosed this on Tuesday at the 2025 Media Retreat in Kaduna with the theme “Driving Livestock Growth through Strategic Communication”. Maiha said the ministry would in the coming weeks unveil a national peace campaign aimed at ending farmer-herder conflicts across the country. “In a few weeks, the ministry will embark on a national peace campaign to achieve sustainable…

Rates Tighten as Money Market Liquidity Crosses N2 trillion Reflecting a positive credit environment, the short-term benchmark interest rates tightened further in the money market as the liquidity level in the financial system expanded. According to data released by AIICO Capital Limited, the amount in the financial system increased by N26.93 billion to N2.11 trillion in the absence of funding demand from local banks, and other eligible market players. The absence of aggressive liquidity mop up activities by the Central Bank of Nigeria (CBN) kept the market significantly liquid, while commercial banks play hard at the Standing Deposit Facility window…

Dangote Refinery Launches Free Petrol Distribution Amidst Union Opposition Dangote Refinery has commenced its free nationwide fuel distribution plan in Nigeria, despite opposition from industry unions and marketers. The refinery’s management insists there’s “no going back” on its decision, citing the move as a bold step toward reshaping Nigeria’s oil and gas industry. According to reports, hundreds of Dangote refinery trucks have already hit Nigerian roads, particularly along the Lekki-Epe Expressway in Lagos State. The company invested N720 billion to import 4,000 compressed natural gas trucks, although only around 1,000 have been delivered so far. The Dangote Refinery’s free fuel…

China Warns After Trump Urges NATO Tariffs China has threatened consequences after U.S. President Donald Trump demanded that all NATO countries impose high tariffs on Chinese goods and stop buying Russian oil. “If China’s interests are harmed, the People’s Republic will take countermeasures and defend its security and development interests,” Foreign Ministry spokesperson Lin Jian said Monday in Beijing. He called the U.S. position a “typical case of unilateral harassment.” In a separate statement, China’s Ministry of Commerce urged the U.S. to exercise caution and resolve trade and economic differences through dialogue. Trump recently linked further U.S. sanctions on Russia…

Minimum Wage: Investigation Reveals Kaduna Teachers Still Receiving N30,000 The Nigerian Guild of Investigative Journalists (NGIJ), says fresh revelations have cast serious doubt on claims by the Kaduna State Government on the implementation of N72,000 minimum wage in the state. Contrary to the official narrative, teachers across the state insist they were still being paid under the old wage structure. Pay slips and bank alerts obtained by NGIJ showed salaries far below the promised figure. In Lere Local Government, a level 7 teacher under Kaduna SUBEB presented proof of his August 2025 salary, showing a credit alert of just N37,…

Maritime: Nigeria Seeks Support for IMO Council Bid Maritime – The Federal Government of Nigeria has appealed for support in its International Maritime Organisation (IMO) Council bid, stressing Nigeria’s ports remain vital trade gateways in Central and West Africa. Mr Adegboyega Oyetola, Minister of Marine and Blue Economy, stated this on Saturday in a release signed by his Special Adviser on Media and Communications, Dr Bolaji Akinola. Oyetola, speaking at the 80th Session of the UN General Assembly, said Nigeria’s election into the IMO Council Category-C was essential to sustain global maritime engagement. “Nigeria’s candidature is more than ambition; it…

Excess Liquidity Worth over N2tn Keeps Market Rates in Check The money market rates tightened below 27% on the back of excess liquidity in the financial system, spurred by inflows from matured OMO, Treasury bills, and Remita inflows. According to data released by AIICO Capital Limited, the banking system liquidity closed at N2.085 trillion on Friday, up by N446 billion week on week from N1.639 trillion. The market recorded an inflow of N184.75 billion from Nigerian Treasury bills maturities, and there was an additional inflow of N45.50 billion from expired OMO bills. Remita inflow further lifted liquidity level despite cash…