Production

Mastercard and its agents have been ordered to stop the production of the national identity cards issued by National Identity Management Commission by Justice R.M. Aikawa of the Federal High Court in Lagos.

Sustained economic sabotage by vandals on Nigeria’s oil-exporting Nembe Creek Trunk Line (NCTL) has led to significant losses in production, operator Aiteo Eastern Exploration and Development Limited said on Sunday.

The Senate on Tuesday appealed to the Federal Government to ban the importation of textiles in the country for a period of five years to allow for the production of local textile materials.

The minister reportedly said that India wants to be the new destination for global energy players, and that the country would secure world class technology and implement any policy reforms needed to become an international energy leader.

A world renowned oil engineer, Mr Barth Nwibe, has said that if nothing was done to harmonise the oil sector in Nigeria, the country will loss her rating in oil production in the next 30 Years.

Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.

In August this year, the Federal Government shut down the country’s land borders in a bid to check smuggling of goods, especially rice, light arms, automobiles and other contraband cargoes from neighbouring West African countries into the country. This, it said, was aimed at facilitating the growth of local investment in rice production as well as checking the consumption of unhealthy food products by the citizenry.

Some rice farmers have appealed to the Federal Government to provide them with affordable loan facilities to boost production to reduce the price of the commodity as they described the closure as a welcome development.

Lagos State Governor Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

Lt. Gen. Theophilus Yakubu Danjuma (Rtd), has retired as a Director and Chairman of the Board of Directors of May & Baker Nigeria Plc after 16 years of service. The retirement took effect from September 27, 2019.

The Managing-Director of Dangote Tomatoes Processing Plant in Kano, Mr Abdulkarim Lawal Kaita, has said that N3bn high-tech greenhouse nursery, capable of producing between 300 and 350 million tons of hybrid tomatoes seedlings has been established in Kano.

Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.

The All Farmers Association of Nigeria (AFAN) in Daura Local Government Area of Katsina State says it has secured stable market for sesame produced in the area during the current farming season.g

The Edo State Governor, Mr. Godwin Obaseki, has said that the state government will strengthen partnership with the Nigerian Veterinary Medical Association to boost livestock production in the state.

No fewer than 45 farmers have been trained on the use of modern technology in the production of plantain and pineapple in Edo State.

The Central Bank of Nigeria says it has targeted about 70,000 farmers and business under its Anchor Borrower Programme in Borno State for 2019.

The Honourable Minister of State, Petroleum Resources, Chief Timipre Sylva, on the 21st of September said that there will be no Organisation of Petroleum Exporting Countries (OPEC) cut off oil production by 50 per cent as previously reported rather, there will be a cut for overproduction of the 57,000 barrels per day.

India has banned e-cigarettes because they endanger the health of youths in the country, the Federal Finance Minister, Nirmala Sitharaman, said on Wednesday.