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Their redeployment, a statement by presidential spokesman, Femi Adesina, said is part of an ongoing exercise aimed at further repositioning the Ministry to effectively deliver on its core mandate

This was even as the Minister for Agriculture, Chief Audu Ogbeh, said his ministry will embark on the plantating of two million cashew every year for four years and that the stage is set to ensure massive plantation of cocoa, plantain and banana across the nation.

The chairman said his attention was drawn to media reports on Wednesday over alleged directive given to banks by Ngige to suspend ongoing retrenchments

Global benchmark Brent crude futures rose to the highest level since October 12, up 32 cents at $51.76 a barrel at early trading.
It earlier touched $51.83 a barrel

The explanation was given by the Special Adviser on Economic Matters to Governor Ayo Fayose, Folu Oguntoyinbo, during an interview on radio and television stations in Ado-Ekiti

It attributed the drop to pipeline vandalism, which forced one of its subsidiaries, the Nigerian Petroleum Development Company, to undertake a production shut-in, which resulted in the loss of monthly crude oil revenue of N20 billion

“As the Chairman of the Senate Committee on Banking and Finance, we want to invite the Minister, the Central Bank of Nigeria and the banks to know if they are talking about r‎etrenchment and what will happen.

Dangote Cement came second having dipped by N4.99 to close at N165 and CAP dipped N1.88 to close at N36.12 per share

In the letter read by the speaker, the governor sought the lawmakers’ consideration and approval to source the loan from Fidelity Bank “to augment shortfalls in salaries of local government councils in the state”

“Council approved that the various MDAs should fast-track the processes for release of their capital budget so that the economy can be quickly reflated.”

He said this year’s theme: “Healthy Oceans, Healthy Planet”, which emphasised the creation of awareness on the harmful effects of plastics to water bodies, was very germane

Obi, who was a former NIMASA Executive Director, Maritime Labour and Cabotage Service, took over from Patrick Akpobolokemi, the immediate past DG of NIMASA, who is facing six separate charges of conversion and theft

This was announced on Wednesday by the Office of the Vice President, Prof. Yemi Osinbajo

Speaking on the relationship between Britain and Guinness Nigeria, Arkwright noted: “Guinness Nigeria has been here since 1962 when the very first brewery was built, which shows the very long history between the UK, Diageo, a proud British company, and the Nigerian market

Ikpeazu said these artisans needed machinery that would enable them to mass produce their products and with precision in design that would meet international standard

“What we are trying to achieve is that agriculture is our main stay and we are trying to evolve a strategy for our economy, a strategy for employment and a strategy for feeding our people,” Vice President Yemi Osinbajo (SAN) stated on Tuesday at the Presidential Villa at the inauguration of the Task Force

He said: “I think the issues are sufficiently critical that I feel we should have a small committee made up of members of your association, members from our ministry and the NCC will have representatives.

Market analysts attributed the development to sell pressure embarked by fund managers due to delay in the release of flexible exchange rate guidelines by the Central Bank of Nigeria

Ngige was reacting to a statement by the Director General of the Nigeria Employers Consultative Association, Segun Oshinowo, who was quoted as saying that it was the inalienable right of an employer to determine the optimal staff level it requires to sustain its operations

Moving the motion, Dandutse expressed concern over the prevailing situation after the takeover of privatised Power Holding Company of Nigeria by the successor companies