Crate Of Eggs To Sell For N10000 Soon – Poultry Farmers—–Poultry farmers in Nigeria are sounding the alarm that the price of eggs may skyrocket from N5,500 to N10,000 per crate if the government does not step in to support them.
The main culprits behind this potential price hike, according to the Poultry Farmers Association of Nigeria, are the high cost of transportation, courtesy of the fuel subsidy removal, and the skyrocketing prices of feed due to millers’ indiscriminate increases.
The Secretary of PAN, FCT Chapter Musa Hakeem said this at a press briefing to commemorate World Egg Day on Saturday in Abuja.
Hakeem said the Federal Government must as a matter of urgency declare a State of emergency on Egg production in the country given the serious decline in protein intake, saying Nigerians can not afford to depend on the importation of eggs.
He pointed out, “If we should go by the proportional increase in the prices of these factors mentioned earlier, we will be buying eggs at N10,000 per create, but because we wanted to be compassionate, coupled with the important of eggs for health, we left the price at the current price of N5,500.”
Hakeem warned that the prices of the protein may change soon to N6000 going by the increasing prices of poultry feed.
He said, “To the best of my knowledge, the last time we received any grains intervention from the government was three years ago saying other respite by the government to cushion the high prices of food are only read on the pages of the newspaper.”
He called on the government to ensure that they carry PAN along in their intervention activities as they have the data of all the poultry farmers in the FCT.
He lamented that the government is not paying the required attention to the poultry subsector as it has been neglected over time, saying business owners have been operating in their own volition and hoped that the industry does not crash.
The Chief Executive Officer of Pest Agro Dealers, Jude Arikogu, lamented the indiscriminate increase in prices of feed by millers and also the low measurement of the feeds saying, “a 25kg bag of feed is hardly up to 23kg when put on our scale.”
Arikogu also lamented that poultry farmers are unable to raise finance from the banks as banks are not willing to finance them.
The Ex officio officer of the association at the national level, Ibrahim Lamidi, said the business environment is not favourable to them as they are only trying to ensure Nigerians have eggs on the table.
….Denies Dodging Probe, Pledges to Appear After Treatment
By Adesina Adeleja
Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has described the Senate Committee on Public Accounts’ decision to issue an arrest warrant against him as “deeply shocking.”
In a formal letter addressed to the committee chairman, Kyari clarified that he had earlier informed the panel of his inability to appear due to medical treatment abroad.
“I refer to the news of the arrest warrant issued against me during the proceedings of your esteemed Committee today, 10th June, 2026. I am deeply shocked by the issuance of the warrant,” Kyari wrote.
He referenced a letter sent to the committee on May 11, 2026, in which he notified lawmakers that he was receiving medical care outside the country. In that correspondence, Kyari expressed his willingness to honour the committee’s invitation upon his return to Nigeria and offered to provide written responses to any urgent questions through his legal representatives.
“I also expressed my willingness to honour the Committee’s invitation as soon as I return to Nigeria,” he stated. “I wish to reiterate that I remain very willing and ready to honour the invitation of the Committee and to appear before it once I return to the country.”
Kyari firmly denied any attempt to evade the Senate’s invitation, noting that he had not received any fresh summons before the warrant was issued.
“However, I wish to respectfully state that I have neither received nor sighted the said invitation,” he said. “Had the invitation reached me, I would have gladly honoured it.”
The former NNPCL boss explained that his current medical condition has made it impossible for him to appear in person. He urged the committee to channel any questions or requests for clarification through his legal team to ensure prompt responses while he continues treatment abroad.
Kyari assured the Senate of his full cooperation and respect for the legislative oversight process. He pledged to appear before the committee personally as soon as his health permits.
Defence of Tenure
In the letter, Kyari also defended his leadership of the national oil company, stating that his team transformed NNPCL from a loss-making entity into a profitable commercial organisation. He added that all transactions during his tenure were properly documented and remain available for scrutiny at the NNPCL.
“I remain deeply grateful to my country for the opportunity afforded me to serve with utmost diligence and commitment,” he said.
Background
The Senate Committee on Public Accounts issued the arrest warrant after Kyari failed to appear at its sitting. The panel is investigating financial records and transactions of the NNPCL, including allegations surrounding over ₦210 trillion.
The motion for the warrant was moved by Senator Victor Umeh and seconded by Senator Adams Oshiomhole.
Kyari’s latest response appears aimed at dispelling suggestions of deliberate non-cooperation, attributing his absence primarily to health reasons and possible communication gaps regarding subsequent invitations. He has maintained that he has nothing to hide and remains committed to assisting the investigation.
Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.
With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.
The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.
The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.
Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.
“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”
About Alpha Morgan Bank
Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”
Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.
Alpha Morgan Bank focuses on:
Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.
More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.