The African Development Bank (AfDB) Group President, Donald Kaberuka, will on Tuesday, 23 November 2010 start a two-day trip to Nigeria.

Inflation rate dropped to 13.4 per cent in October from 13.6 per cent in September, said Federal Bureau of Statistics. The Bureau attributed the decrease to slight decrease in the prices of some food items like yam, potatoes and other tubers due to the harvest season.

The Managing Director, USAID funded Maximizing Agricultural Revenue & Key Enterprises in Target Sites (MARKETS), Mr. Tim Prewitt has disclosed that they are set to increase Nigeria’s agriculture competitiveness and food security with its activities.

At the recently held National Council on Agriculture meeting held in Katsina state, it was reveled that inventory of inland aquatic resources of Nigeria conducted by the National Special Programme for Food Security confirmed that there are about 950 medium_sized to large_sized lakes and reservoirs in the country.

The gridlock lasted for several hours, with the traffic stretching from Oshodi Under bridge to Ilezik on the ever-busy Lagos-Abeokuta expressway.

In a rare show of commitment towards development of the State, Anambra State Governor, Mr. Peter Obi, has commenced a mobilization effort to get wealthy indigenes of the State pool resources together to raise N10 billion by way of private placement.

Flour Mills of Nigeria Plc, which processes grain and sells cement, will offer 35 billion naira ($232 million) of bonds this month and use the proceeds to build a sugar refinery in Lagos.

The Director General, Securities & Exchange Commission (SEC), Ms Arunma Oteh will at the 2010 PEARL Awards be honoured with the PEARL Special Recognition Award for Capital Market Development.

The Executive Vice Chairman of Multi Trex Integrated Foods Plc, Mr. Ayo Owofemi, has commended Skye Bank Plc for supporting indigenous Nigeria manufacturing companies which require huge capital outlay for their operations.

Dana Airline on Wednesday said it lost about N270 million to a recent accident at the Nnamdi Azikiwe International Airport, Abuja, caused by bird strike.