Fertiliser

The Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) in collaboration with the office of the National Security Adviser (NSA), has threatened to arrest and prosecute anyone engaging in the adulteration and profiteering of fertiliser in the country.

The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially brought down the price of fertilizer, ended fertilizer subsidy and ensured the availability of the commodity.

The African Development Bank (AfDB) says it is working towards providing support to cocoa producers in the continent in order to turn around their fortunes.

CBN Nigeria

THE Central Bank of Nigeria, CBN, has extended the Bank Verification Number, BVN, enrollment for Other Financial Institutions customers which includes MfBs to December 31, 2017.

The Nigerian National Petroleum Corporation (NNPC) has reiterated that it is not recruiting or launched any recruitment campaign of any kind for now. This clarification was made following a fresh recruitment advert purportedly from the Corporation being circulated by emails and on various social media platforms.

Forte Oil

Forte Oil is reportedly holding talks with the Warri Refinery to form a strategic partnership for increased local output capacity. Chief Executive Officer of the company, Mr Akin Akinfemiwa, who disclosed this on Friday, said though details were still being worked out, the agreement was aimed at exploring partnerships and joint ventures for local refining of petroleum products.

Emerging information revealed that the Federal Government is currently generating over N1 million daily from the Abuja- Kaduna rail lines.  The Minister of Transportation, Rotimi Amaechi who made this known in an interview with newsmen in Benin attributed the development to increase in passengers that patronize the rail line. He explained that the increase in passengers was due primarily to security challenges encountered by motorists along the Kaduna-Abuja road.

USAID “MARKETS II”

The Federal Government is to take over the Maximising Agricultural Revenue and Key Enterprises in Targeted Sites II (MARKETS II) programme of the USAID to improve food security in the country. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed this at a stakeholders’ interactive forum to precede the winding down of the programme in Abuja on Thursday.

Dr. Maikanti Baru, Group Managing Director NNPC

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion within the next 10 years.

The Federal Government has disclosed that it has approved a policy to tax first class and business class air tickets as well as luxury goods in the country. The Minister of Finance, Kemi Adeosun made this know on Thursday while responding to questions via her Facebook page. While responding to question on taxing of first class tickets and luxury goods, the Minister said