Category: Business
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2025 Budget: Yobe Proposes ₦321 Billion Towards Economic Consolidation, Poverty Reduction
By Abdul Kareem In a strategic move to fortify its development agenda, the Yobe State government has proposed spending ₦320.8 billion in the coming year in a state fiscal policy. The proposed 2025 fiscal policy allocates ₦144.036 billion, or 44.9%, to recurrent expenditure, while ₦176.77 billion, or 55.1%, is designated for capital expenditure. Aptly named…
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Arab Bank CEO Hails Yobe‘s Succeeding Economic Transformation Agenda As Governor Buni Explores Partnership in Riyadh
By Abdul Kareem RIYADH, Saudi Arabia – Governor Mai Mala Buni of Yobe State engaged in high-level discussions on Tuesday with Dr. Sidi Ould Tah, President of the Arab Bank for Economic Development in Africa (BADEA), to explore avenues for support and partnership between the state government and the esteemed financial institution. Against the backdrop…
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Proposed Maiduguri Dry Inland Port to Begin Operations in 6 Months ~Zulum
“I believe Zulum on six months target” ~ Says NSC Executive Secretary By Abdul Kareem Borno State Governor Babagana Umara Zulum has announced that the Maiduguri dry inland port will begin operations in six months. He made this announcement on Wednesday in Lagos while addressing journalists after a courtesy call to the Executive Secretary of…
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Yobe State Bets Big on Sesame Production – Sets Up 4 Mega Factories to Boost Export
By Abdul Kareem In a strategic move aimed at revolutionising its agricultural landscape, the Yobe State government is making significant strides in industrializing its food production sector, particularly focusing on sesame, a crop for which the state is renowned. With the completion of a state-of-the-art sesame processing factory in Machina and three more nearing completion…
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RHI: Women in South-South Nigeria Reap Benefits of Major Agric Empowerment Program – As First Lady Visits Uyo
By Abdul Kareem UYO, Nigeria — A groundbreaking initiative aimed at empowering women in agriculture has taken root in Nigeria’s South-South geopolitical zone, where one hundred women farmers are now poised to cultivate success with significant financial boosts. The Renewed Hope Initiative (RHI), focusing on women empowerment, launched a robust agricultural support program in Uyo…
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Zulum Transforming Borno to Agric Exporting State ~ One Sesame Seed at a Time
By Abdul Kareem A vision of prosperity is taking root, ‘one sesame seed at a time,’ on the vast arid plains of Borno State. Governor Babagana Zulum is on a mission to redefine the narrative of a region once beleaguered by insurgency. His dream is to transform it into an agricultural goldmine capable of feeding…
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Borno Federal Lawmaker Distributes N140 Million to Empower 113 Local Farmers
By Abdul Kareem A member of the Federal House of Representatives from Jere Federal Constituency of Borno State, Engineer Ahmed Satomi has distributed grants totaling N141 million to small-scale farmers, as a deliberate strategy to bolster commercial agriculture and food production in his constituency. The initiative, which took place on Wednesday, March 13, is expected…
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BORNO’S COOPERATIVE CRISIS: 28,000 Registered, Mostly Dormant, Little Impact n ~ As Group Moves to Reverse Trend
By Abdul Kareem In Borno, a state that was once the capital of Nigeria’s northeastern region, a remarkable 28,000 cooperatives have been registered since 1958. But industry insiders said the majority of these cooperatives are either non-operational or rarely active. Despite the vast number of registered cooperatives, Borno has fallen behind its contemporaries — states…
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President Tinubu Retains Mele Kyari As Group CEO In New NNPC Board and Management Team Appointments
By Abdulkareem Haruna Nigeria’s President, Bola Tinubu, has instituted a sweeping change in the oil and gas sector, appointing a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL). The high-profile reshuffling, which retains Mele Kyari as the CEO of the oil and gas compnany, will be effective December 1, 2023,…
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BUA Foods Plc Issues Fraud Alert On Unauthorised Groups Making False Sales Claims on Rice, Sugar, Pasta
By Our Business Reporter BUA Foods Plc, a leading food manufacturing company, has issued a fraud alert cautioning customers against unauthorized individuals circulating fraudulent advertisements. The advertisements falsely claim to sell BUA Rice, IRS Pasta, IRS Flour, and BUA Sugar at misquoted prices, misleading unsuspecting buyers. In a statement released by BUA Foods Plc, the…
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