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Brtish heavyweight boxer Tyson Fury believes Anthony Joshua does not scare any boxer again as he has lost his fear factor....

WHO names deadly virus from China as ‘COVID-19’

The UN health agency on Tuesday announced that "COVID-19" will be the official name of the deadly virus from China,...

For ninth year, Dangote named Africa’s wealthiest person

The Chairman, Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year. However,...

Buhari has promoted tribalism, religion in military, others – Kukah

The Bishop of Sokoto Catholic Diocese, Bishop Matthew Kukah, on Tuesday hit the President, Major General Mohammed Buhari (retd.), hard....

ABUJA – In line with its objective to increase and improve the local production of milk, its derivatives and other dairy products in the country, the Central Bank of Nigeria (CBN) has engaged six dairy companies operating in the country for the importation of the product. A circular issued by the Bank on Tuesday, February 11, 2020, and signed by the Director, Trade and Exchange Department, Dr. Ozoemena Nnaji listed the companies as FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC (MSK only) and Integrated Dairies Limited. According to the circular that takes immediate effect, all Forms ‘M’ for the importation of milk and its derivatives by authorized dealers will only be allowed for the aforementioned companies. The Bank therefore advised importers not on the list of companies cited in the circular to cancel all established Forms ‘M’ for the importation of milk and its derivatives for which shipment has not taken place. Clarifying the intent of the circular, the Director, Corporate Communications Department at the CBN, Isaac Okorafor explained that the Bank engaged the six companies because they showed sufficient willingness and ability and had keyed into the CBN’s backward integration programme in order to enhance their capacity and improve local milk production. Okorafor further explained that the objective of the Bank in that sector was to increase milk production in the country from the current figure of 500,000 metric tonnes to about 550,000 metric tonnes within the next 12 months. In addition to facilitating easier access to funding for dairy investors, he said it was the Bank’s desire to ensure that the country conserves foreign exchange, trigger economic growth and boost employment opportunities in the sector.

ABUJA – In line with its objective to increase and improve the local production of milk, its derivatives and other...

Speaker’s Press Statement: Gbajabiamila mourns Sen Longjan. February 11, 2020

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila has expressed sadness over the death of the Senator representing...

EFCC Boasts of One of the Best Holding Facilities in the Country

The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a trending tweet from @TheRealDayne showing...

All Kidnapped Children Will Be Freed, President Buhari Reassures

President Muhammadu Buhari Monday in Addis Ababa, Ethiopia, reassured Nigerians and the international community of the steadfast commitment of his...

Illegal fees: Oyo Govt suspends 13 Head Teachers, 2 AHMs, 1 Teacher

The Oyo State Government, on Monday, ordered the immediate suspension of 13 primary school Head Teachers, two Assistant Head Teachers...

EFCC Arrests Another FBI Suspect Wanted for $2.5m Internet Fraud