Tag: Palm Oil
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NDLEA arrest General Overseer for drugs hidden in kegs of palm oil
Operatives of the National Drug Law Enforcement Agency, (NDLEA), have arrested the founder and General Overseer of Seraphic and Sabbath Assembly, Lagos, High Priest Nnodu Azuka Kenrick, for alleged drug trafficking. The Director, Media and Advocacy (NDLEA), Mr Femi Babafemi, said this
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Food prices continue to rise in Nigeria
The National Bureau of Statistics (NBS), said that prices of selected food items increased in October.
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10 killed, 36 injured as palm oil laden truck plunges into ditch in Osun
The Federal Road Safety Corps (FRSC), in Osun, says ten persons have lost their lives following an accident that occurred on Gbongan-Osogbo expressway. The Sector Commander, Mrs Kudirat Ibrahim, made this known in a statement issued by Mrs Agnes Ogungbemi, the command’s spokesperson, in Osogbo. According to reports, the accident occurred at 1:20 a.m., on…
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Nigeria spends $500m annually on palm oil importation – CBN
The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja. The meeting was attended by the Governors of Akwa Ibom, Edo…
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Palm oil company commissions 11,400 hectares plantation in Edo state
Riding on the wind of a conducive investment climate guaranteed by the Governor Godwin Obaseki-led government in Edo State, Okomu Oil Palm Company Plc has commissioned an 11,400-hectare oil palm plantation covering over 10 communities in the state. The commissioning of the plant held on Wednesday, at the Okomu Extension 2 Plantation in Ovia South…
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Senate seeks ban on importation of palm oil into Nigeria
The Senate on Tuesday in Abuja urged the Federal Government to ban importation of palm oil into the country in order to protect local production as well as encourage farmers. This followed the unanimous adoption of a motion entitled: “Urgent Need to Halt the Importation of Palm Oil and its Allied Products to Protect Palm…