- President Tinubu Unveils Plan to Boost Local Cocoa Processing
President Bola Tinubu has announced plans to end the export of raw cocoa beans as part of efforts to strengthen Nigeria’s agricultural sector and increase the value of locally produced commodities. The initiative aims to encourage domestic cocoa processing, create more employment opportunities, expand export earnings, and support industrial growth. The Federal Government also unveiled an advisory committee tasked with providing strategic guidance for the implementation of key economic reforms.
🔗 Read more: https://sofjam.com/president-tinubu-unveils-plan-to-boost-local-cocoa-processing/
- House of Representatives Begins Consideration of State Police Bill
The House of Representatives has commenced consideration of President Bola Tinubu’s constitutional amendment bill seeking legal backing for the establishment of state police across Nigeria. Lawmakers withdrew an earlier proposal in favour of the presidential bill, a move expected to streamline legislative efforts toward improving security through a decentralised policing system.
🔗 Read more: https://sofjam.com/house-of-representatives-begins-consideration-of-state-police-bill/
- Nigeria Records Highest Crude Oil Production in Six Years
Nigeria’s crude oil production reached its highest level since 2020 in June, exceeding the country’s OPEC production target for the fourth consecutive month. The increase has been attributed to improved pipeline security, reduced oil theft, and enhanced operational efficiency across major oil-producing regions. The development is expected to strengthen government revenue and support economic recovery.
🔗 Read more: https://sofjam.com/nigeria-records-highest-crude-oil-production-in-six-years/
- Naira Maintains Relative Stability in Foreign Exchange Market
The Nigerian naira traded with relative stability against the U.S. dollar in the official foreign exchange market on Tuesday. Although the parallel market continued to record a higher exchange rate, the official market remained largely steady, reflecting ongoing efforts by monetary authorities to maintain exchange rate stability.
🔗 Read more: https://sofjam.com/naira-maintains-relative-stability-in-foreign-exchange-market/
- Lassa Fever Death Toll Reaches 221 as NCDC Raises Alarm
The Nigeria Centre for Disease Control (NCDC) has expressed concern over the continued spread of Lassa fever, revealing that 221 people lost their lives across 23 states during the first half of the year. The agency urged Nigerians to adopt preventive health measures, maintain proper hygiene, and seek immediate medical attention when symptoms appear in order to reduce the impact of the disease.
🔗 Read more: https://sofjam.com/lassa-fever-death-toll-reaches-221-as-ncdc-raises-alarm/
- GTBank Recognised as Nigeria’s Best Overall Bank
Guaranty Trust Bank (GTBank) has been recognised as the Best Overall Bank in Nigeria in recognition of its strong financial performance, customer service excellence, digital innovation, and continued commitment to delivering quality banking services. The award further reinforces the bank’s position as one of Nigeria’s leading financial institutions.
🔗 Read more: https://sofjam.com/gtbank-recognised-as-nigerias-best-overall-bank/
- Security Challenges Continue Across Nigeria
Security concerns remain a major national issue following reports that hundreds of people lost their lives to violent attacks and other security-related incidents across the country over the past month. Borno and Zamfara states were among the most affected, with stakeholders calling for stronger security measures and sustained efforts to protect lives and property.
🔗 Read more: https://sofjam.com/security-challenges-continue-across-nigeria/
Thanks for the update