Nestle Nigeria Plc has signed a Memorandum of Understanding, MoU, with International Fertilizer Development Centre, IFDC, to support the local farmers and facilitate government’s economic diversification agenda. The partnership, a two-year pilot project, aims to help smallholder farmers, of whom 40 per cent are women, in Sahel and Sudan Savanna areas of the country to develop farming as a business and improve the quality and yields of millet and sorghum, which are popular staple crop ingredients in West African nation.

Chief Executive Officerof Ed Theo Energy Limited, Fola Aguda has said Nigeria should urgently begin to explore non-oil options available for it, in order to remedy the current economic challenges occasioned by fall in crude oil prices.Aguda made this statement while addressing newsmen ahead of the Full Gospel Business Men’s Fellowship International, FGBMFI annual seminar scheduled for Friday June, 10th and 11th in Lagos.

The NSE Oil and Gas Index fuelled by 17.87 per cent loss on the shares of Oando Plc closed as the second worst performing sector, depreciating by 5.3 per cent to 326.05 points. The NSE 30 Index was down 4.9 per cent to settle at 1,229.26 points, while NSE Insurance Index went down by 4.01 per cent to 130.12 point. The Consumer Goods sector lost 3.01 per cent, while Industrial sector slipped by 3.35 per cent.

Rivers Hoopers head coach, Ogoh Odaudu is optimistic his team will do well at the Conference play-offs in Lagos.

The Federal Government is yet to commence the implementation of the revised 18 per cent minimum pension contributions for its employees as stipulated under Section 4 of the Pension Reform Act (PRA) 2014. Recall that the PRA 2014 stipulates thus, “The contribution for any employee to which this Act applies shall be made in the following rates relating to his monthly emoluments: a minimum of ten per cent by the employer; and a minimum of eight per cent by the employee.”