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Nigeria earns N14bn forex from Cocoa, Sesame Seeds, Cashew Nuts, Finished Goods

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Nigerian Money

By LAZ IBEABUCHI

Four non-oil export commodities, Cocoa, Sesame seeds, Cashew nuts and Finished Goods have accounted for N13.94 billion ($89.44 million) inflow of foreign exchange into the domestic economy in 2nd half year 2011.

In a report of value of goods exported for the period of July to December, 2011 by Nigerian Association of Chambers of Commerce Industry, Mines and Agriculture, NACCIMA, commodity performance during the period under review showed export values as followed: Cocoa recorded N6.84 billion ($43.67 million); Sesame Seeds transacted N1.693 billion ($10.86 million); Finished Goods gulped N4.96 billion ($31.79 million); while Cashew Nut traded N486.31 million ($3.12 million).

The data presented was facilitated by NACCIMA through the issuance of Certificate of Origin (C of O) to genuine exporters of non-oil products in the country.

NACCIMA said it believed that some of the export products may have either recorded increase or decrease, which is mainly attributed to increase in global demand/ favourable season or global externalities arising from low demand/ off season, which impacted negatively on capacity of industries optimally produce for export markets.

Given the continued desire by the Federal Government in its reform agenda to boost non-oil export sector in the country, NACCIMA said it still believe that necessary and appropriate incentives, including infrastructural support would be required to effectively transform the real sector of the economy, most especially Agriculture and Manufacturing towards achieving Nigeria’s Transformation and Vision 20:2020 aspirations.

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Musa Joins Jaiz Bank As Ambassador

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Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.

An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.

The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.

He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”

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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.

“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑

“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”

#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”

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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday

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On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.

The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.

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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.

In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”

Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.

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Gas Explosion in Katsina Filling Station Damages Six Vehicles

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A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.

The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.

He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.

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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.

The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”

State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.

This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.

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