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The Director General of Standards Organisation of Nigeria (SON), Dr John Akanya, said yesterday that his organisation seized more than N10 billion worth of substandard goods in 2008.
The Federal Government is to sign an agreement with the Chinese Government to check the influx of substandard products into the country.
THE bearish trend in the Nigerian Stock Exchange (NSE) reached an alarming proportion Tuesday, as only 14 stocks recorded share price gains, forcing the total value of listed equities to drop by N180.4 billion. Of the 126 stocks that were traded on the NSE, 68 recorded share price depreciation while 44 remained unchanged.
The Ethiopian sugar exporting sector is set to consolidate its share of the European sugar market following the revision of its quota to the market under a new initiative that encourages the increased importation of non-war materials from developing countries (LDCs).
As the Federal Road Safety Corps (FRSC) enforces the use of crash helmet by commercial motorcyclist in Maiduguri, the price of the product has increased.
The Edo State Branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other stakeholders in the distribution and sales of petroleum products in Edo state have assured the Edo State Government that they would not sell petroleum products above the official pump price of N70.
We welcome the news from Delta State that commodity marketing boards hitherto defunct are to be resuscitated. The Delta State Governor, Dr. Emmanuel Uduaghan, deserves commendation for this much-needed initiative.
THE Consumer Council of Zimbabwe has advised consumers to form groups and send members to South Africa to buy basic commodities there to counter exorbitant pricing by retailers in the country.
THE Government expects millers to emulate Chimanga Changa Milling Company which reduced mealie meal prices even before the Food Reserve Agency (FRA) lowered the price of maize.
OPERATORS in the flour milling industry say global wheat price have been dipping their profit margins. The global market price for the commodity is between $4 to $6 per bushel.
THE Food Reserve Agency (FRA) has reduced the price of maize, board chairperson Costain Chilala has announced.
Zambia and Malawi may face a food crisis in early 2009, a regional food security study has warned, as Zambia announced it was importing maize as a pre-emptive measure.
Government has intervened in a bid to save the falling cotton prices by toping up 450 shillings per kilogram for cotton farmers to sell to ginners.
The tumbling oil price of the last three months has left Nigeria in a dilemma. While government officials are wailing over the 60 percent fall in foreign exchange earnings as a result of the drop, the average Nigerian who directly or indirectly consumes refined petroleum products, especially diesel, must be applauding the development in the international oil market. Rivers State governor, Rotimi ...
Delta State Governor, Emmanuel Uduaghan, has flagged-off sale of the "Quick Win" agricultural produce of the state Farmers 'Support Programme.
CHIMANGA Changa Milling Company has reduced its breakfast mealie meal price to K45,000 for a 25 kilogramme bag with effect from tomorrow.
Education Rights Campaign (ERC) has called on the Federal Government to ensure the reduction of the prices of petroleum products, considering the fact that the prices of crude oil have come down internationally.
THE Government has castigated commercial farmers and other private sector players in the milling industry for not being sincere over the availability of maize within the country when mealie meal prices started rising.
As the Christmas celebration is three days away, residents of the Federal Capital Territory (FCT) are enjoying stable market price of some of the commodities like rice and beef.
PLUMMETING global commodity prices saw inflation at SA's factory and mine gates fall more than expected last month.
ANGLO American yesterday became the latest of the world's top international resources groups to slash capital spending and defer new projects in response to sharp falls in commodity prices.
Mps have demanded Government to explain the circumstances under which the Cotton development organization has failed to set prices for the sale of Cotton.
PRESIDENT Rupiah Banda has called on opposition political party leaders not to politicise mealie meal prices.
Parliament has been told that the global economic meltdown and its freefall in commodity prices have affected all mining operations in Botswana but the government has not formulated any wholesome form of assistance package.
Active Discussions: Commodities