Ovia South West
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...
NiMet predicts hazy, sunny weather activities Monday to Wednesday
Facebook Nigerian Meteorological Agency (NiMet) has predicted hazy, sunny weather activities from Monday to Wednesday across the country. NiMet’s weather outlook released on Sunday predicted dust haze conditions over the northern region with a moderate visibility range of 2KM to 5KM throughout the forecast period on Monday. According to it, the North central region is expected to be in sunny and hazy condition throughout the forecast period. “The inland and coastal cities of the South are expected to be in partly cloudy to cloudy condition with slim prospects of thunderstorms over Rivers, Cross River, Eket and Bayelsa in the morning hours. “There are prospects of few thunderstorms over parts of Cross River, Ebonyi, Delta, Awka, Rivers, Delta, Cross River, Benin and Lagos state during the a...
Nigeria records lowest daily virus cases in three months
The Nigeria Center for Disease Control (NCDC) has announced 221 new cases of Coronavirus (COVID-19) pandemic outbreak in the country. The NCDC made this known on its official twitter handle on Wednesday. Newsmen report that the 221 new cases was the lowest number of cases recorded in the country in about three months. It recalls that on Aug. 4, Nigeria reported 288 COVID-19 new cases and 290 one week later, while another low figure of 252 was recorded on Aug. 25. NCDC said that there were more persons who died of COVID-19 related complications in the country in the last 24 hours with the national death toll rising to 1,010. The NCDC said that the number of recovery crossed the 40,000 mark after 317 more people were treated and discharged from isolation centres across the country. The agenc...
Edo marketers defy petrol price reduction
AHA Taxis Independent petroleum Marketers within Benin metropolis in Edo, have continued to dispense petrol at N125 per litre in deference to the recently announced pump price of N108 per litre. It would be recalled that the Nigerian National Petroleum Corporation (NNPC) on Wednesday announced a reduction in the ex-depot price of petrol to N108 per litre This was the second time the NNPC has dropped the price of petrol after its first reduction on March 19, 2020, to N125. However, investigation shows that filling stations across Benin, the capital city of Edo, still maintained their old pump price of N125 per litre. Speaking in separate interviews on Saturday, motorists lamented that five days after the directive, all the filling stations, including the NNPC Mega station, had refused to ad...
