CBN Expenditure Soars: N74.84 Billion Spent on Currency Production Despite 2022’s Cash Crunch

Despite facing a cash scarcity that gripped the nation in the latter months of 2022, the Central Bank of Nigeria (CBN) expended a staggering N74.84 billion on the production and rollout of currencies, including new naira notes, throughout the year. This figure represents a substantial 40.42% increase compared to the N53.29 billion spent in the…

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NAFDAC Warns Against Consumption of Fruits Ripened with Calcium Carbide

The National Agency for Food and Drug Administration and Control (NAFDAC), has issued a strong caution to Nigerians against consuming fruits that have been ripened using calcium carbide. The warning came from Mojisola Adeyeye, the Director-General of NAFDAC, during a media sensitization workshop in Uyo, Akwa Ibom. Calcium carbide, a chemical substance with a garlic-like…

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Shettima Affirms Commitment to Food Security through IITA Collaboration

In a significant step towards bolstering Nigeria’s food security, Vice President Kashim Shettima has extended the Federal Government’s assurance of partnership to the International Institute of Tropical Agriculture (IITA). The pledge came during a meeting at the Presidential Villa in Abuja, where a delegation from IITA, led by Director-General and Regional Director for Africa, Simeon…

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Ukraine Seeks Alternative Routes for Vital Grain Exports Amidst Russia’s Suspension

In a determined bid to maintain affordable food prices and prevent starvation in Africa and Asia, Ukrainian President Volodymyr Zelensky announced today that his country is actively seeking alternative routes for its vital grain exports. This move comes in response to Russia’s suspension of the ‘Grain from Ukraine’ programme, a UN and Turkish-brokered arrangement that…

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