Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader MAN partners with fairtrade Messe for agrofood By sbinsights on March 13, 2025 The Manufacturers Association of Nigeria (MAN) has officially partnered with fairtrade Messe to co-host the 2025 agrofood & plastprintpack conference, a move set to boost Nigeria's manufacturing, agro-processing, and packaging industries. MAN's Director General, Segun Ajayi-Kadir, highlighted that the partnership aligns with the association's mission to drive industrial growth and innovation. "This collaboration offers our members a platform to showcase their capabilities, adopt advanced technologies, and build strategic alliances," he said. Read also Through this partnership, MAN members will receive exclusive participation benefits, including priority discounts for exhibitions and sponsorship opportunities. The conference will also serve as a hub for networking, knowledge-sharing, and international collaborations. Paul Maerz, Managing Director of fairtrade Messe, expressed excitement over the collaboration, noting that MAN's involvement underscores the event's significance as a driver of industrial development. "We are committed to fostering collaboration and sustainable growth in Nigeria's agrofood and packaging sectors," he added. Scheduled for March 25-27, 2025, at the Landmark Event Centre in Lagos, the event will bring together key players from around 16 countries, including manufacturers, suppliers, policymakers, and investors, to explore opportunities and address challenges in the sector.

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Small business owners and farmers in Borno State are set to benefit from a major agricultural boost as Governor Babagana Zulum has pledged to revitalize the long-abandoned Biu Dam to support irrigation farming. Speaking during a visit to the Emir of … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Borno revives Biu Dam to boost irrigation farming, empower small-scale farmers By sbinsights on March 13, 2025 Small business owners and farmers in Borno State are set to benefit from a major agricultural boost as Governor Babagana Zulum has pledged to revitalize the long-abandoned Biu Dam to support irrigation farming. Speaking during a visit to the Emir of Biu, Mai Mustapha Umar Mustapha II, Governor Zulum emphasized that his administration is committed to tackling water scarcity and enhancing food production in the region. The dam, which has been neglected for three decades, will be restored to improve farming activities in Biu and neighboring communities, creating opportunities for smallholder farmers. Read also Agriculture remains a key pillar of the state's economic strategy, and the revitalization of the Biu Dam is expected to provide sustainable livelihoods, particularly for those affected by past insurgencies. Governor Zulum also announced additional development projects aimed at fostering economic growth in the area before the end of his tenure. The Emir of Biu commended the governor for his people-focused initiatives, including a ₦1 billion empowerment program designed to support youth and vulnerable groups in the region. With improved access to irrigation, small businesses in the agricultural sector stand to gain, driving economic resilience in Borno State.

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The Nigeria Customs Service (NCS) has intercepted over $1.1 million and SR135,900 in undeclared foreign currency at the Mallam Aminu Kano International Airport. The seizure was made during a routine baggage check on an inbound passenger, Hauwa Ibrah… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Customs seizes over $1.1 million, SR135,900 in undeclared foreign currency at Kano Airport By sbinsights on March 13, 2025 The Nigeria Customs Service (NCS) has intercepted over $1.1 million and SR135,900 in undeclared foreign currency at the Mallam Aminu Kano International Airport. The seizure was made during a routine baggage check on an inbound passenger, Hauwa Ibrahim Abdullahi, who arrived on Saudi Airline Flight No. SV401 from Saudi Arabia. According to Abdullahi Maiwada, the Assistant Comptroller and National Public Relations Officer of the NCS, officers discovered the concealed money during a physical examination of the passenger's luggage. The foreign currency was hidden inside packs of palm-date fruit, locally known as Dabino, in an attempt to evade detection. Following the discovery, the suspect and the seized money were handed over to the Economic and Financial Crimes Commission (EFCC) for further investigation. After legal proceedings, the court convicted the defendant and ordered the forfeiture of the undeclared funds to the Federal Government under the Money Laundering (Prevention and Prohibition) Act, 2022. The NCS has reiterated the importance of declaring cash or negotiable instruments exceeding the approved threshold when traveling in or out of Nigeria. Failure to comply, as outlined in the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act of 1995, constitutes a criminal offense and attracts severe penalties. Under the leadership of Comptroller-General Bashir Adewale Adeniyi, the Customs Service remains committed to enforcing financial regulations, curbing illicit financial flows, and strengthening border security. The agency also emphasized its dedication to working with other government agencies to combat smuggling and financial crimes. The NCS urges travelers and financial sector stakeholders to adhere to legal financial practices to avoid prosecution and ensure compliance with Nigeria's economic security regulations.

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