Our business news section

Expect Breaking News: Our business news section

Having a healthy economy is essential for any country like Nigeria to survive and thrive. Its different sectors and businesses are key to making the economy run smoothly and helping other people survive in good conditions. This is where we at Expect Breaking News come in with articles about the business sector. 

So, if you would like to get the rundown of all things business in the country, then please come and visit our website. In the meantime, you can take a sneak peek into some of the top stories we have for you this week. Please refer to the section below: 

Flour Mills to launch a campaign for food production in Nigeria

One of the biggest problems in Nigeria is the supply of food coming in. There have been many problems when it comes to the influx of goods and certain prices fluctuate as well. To help combat this, Flour Mills has come up with a campaign to improve the food industry of Nigeria. 

The campaign was called the ‘FMN Prize for Innovation’ and is an extension of Nigeria’s 2030 Agenda for Sustainable Development. Businesses and operators that are registered in Nigeria may send in their applications and come up with the best idea to improve the country’s food production process. 

Flour Mills’ Director Sadiq Usman talked about the potential of the campaign, saying ‘A significant number of the challenges facing the food systems in Nigeria today, including low productivity due to damaged crops, limited access to agricultural value chains, and food loss or wastage can be solved by creative thinking and the right investment in innovation. That is where companies like ours come in’. 

The Flour Mills company is still looking for applications as of now, and the results of the campaign should be announced before the end of 2022. 

Nigerian airlines at risk of demand slump due to Omicron variant

With the new COVID-19 variant being announced by the World Health Organization (WHO), airlines in Nigeria have been grounded and will continue to do so while there are threats. Travel bans are still active in Nigeria to prevent the spread of the virus. 

According to reports by The Guardian in Nigeria, air travel in the country improved back in October 2021 when the number of cases lessened. This soon changed when the numbers spiked and the new variant started spreading as well. 

It has been mere weeks since South Africa discovered the existence of the Omicron variant and can now be found in over 24 countries, Nigeria is one of them. Flights have been closed until further notice and the locals are encouraged to stay home and be safe. 

As of now, there are no updates as to how long the travel ban will be and whether or not it will be lifting restrictions when the Omicron variant is under control.

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