CBN hq

CBN provides $268.4 mln, ¥46.3 mln for agric, raw materials

The Central Bank of Nigeria (CBN) on Friday provided $340 million and 46.3 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw materials sector. CBN Spokesperson, Isaac Okorafor, said the sales in the Chinese Yuan was done through a combination of spot and short-tenored forwards segment of the foreign exchange […]

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i coast studies first cocoa fired power station

Ekiti earmarks ₦40 mln for cocoa rehabilitation

The Director-General, Ekiti State Office of Transformation, Strategy and Delivery, Prof. Mobolaji Aluko, on Thursday, reiterated the commitment of the Dr Kayode Fayemi’s administration to the revitalisation of cocoa production in the state. Aluko said Fayemi had earmarked ₦40 million to cocoa rehabilitation project in 2019 for the establishment of Cocoa Clonal Garden/Cocoa Rehabilitation in […]

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People walk past baskets of tomatoes in the Yankaba market in Kano

Nigeria to ban importation of tomato products by 2021

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed the federal government’s resolve to ban the importation of tomato products into the country by 2021. He said the continued importation of tomato paste had resulted in massive job losses to foreign countries, a situation which had further impoverished local farmers and denied […]

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agric tractors

CBN, Kano Govt partner to promote agriculture

The Governor of ‎Central Bank Governor of Nigeria, Mr Godwin Emefiele, has said that the organisation will partner with Kano State Government to promote agriculture. ‎‎Emiefele disclosed this on Monday in Kano, when he paid a courtesy visit to Gov. Abdullahi Ganduje, at the Government House, Kano. ‎He said that they were in the state […]

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Cross River factory to process cocoa in West Africa sub-region for export

With over 50,000 tons per annum cocoa processing factory in Cross River State. The modern equipped facilities, is set to process cocoa beans from the state and neighbouring West African countries such as Cameroon and Equatorial Guinea for export. The factory established by Senator Ben Ayade administration in Ikom, in central district of the state, […]

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Forbes recognises Ogbebor, Akinbode emerging African young innovators

Forbes has rated two young Nigerians, Ayokunle Akinbode and Uyi Ogbebor, the owners of HWP Group as young Nigerians full of innovation and on a mission to owning one of the best media, entertainment and hospitality companies in Nigeria. Forbes is a Global media company, focusing on business, investment, technology, entrepreneurship, leadership, and lifestyle. In […]

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NIRSAL to disburse $373 million loan to Agric sector

The Managing Director/Chief Executive, Nigerian Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr. Aliyu Abdulhameed, has said the agency facilitated over $373 million as loans from commercial banks to farmers across the various agricultural value chain in the country. He said by its support and through the Credit Risk Guarantee, NIRSAL had been […]

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Obaseki launches agric cluster for 200 farmers, activates food sufficiency plan

The Edo State Governor, Mr. Godwin Obaseki has launched the Edo Food and Agriculture Cluster, Ehor, (Edo-FAC), kick-starting a knowledge-driven food sufficiency plan, targeting over 3000 farmers in Ehor, Uhunmwode Local Government Area of the state, with the full complement of an agricultural training center in the area. Speaking at the launch of Edo-FAC, in […]

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Commission set up to negotiate fishery agreements in West Africa

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FG formulates new policies to boost Apicultural exports

President Muhammadu Buhari has reiterated the commitment of the current administration to formulating new policies to drive the developmental processes for the apicultural sub-sector of the economy. He noted that the initiative will also support capacity building of beekeepers and processors in the country. Speaking during the opening of the ApiExpo Africa 2018, which was […]

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We are ready to support more Nigerian farmers – Netherlands

The Deputy Ambassador of the Netherlands to Nigeria, Mr Michel Deelen, on Friday expressed his home government’s readiness to support more Nigerian farmers to boost the nation’s food production.Deelen gave the promise at a networking event for journalists in Lagos on a post Dutch Roots Conference recently organised by the International Federation of Agricultural Journalists(IFAD). […]

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FAO needs $18 million to boost agric in North-East

The Food and Agriculture Organisation of the United Nations said it planned to install 100 Farmer Field School communities in 2018 in the North-East to boost agricultural production. The UN agency also said it urgently needed about $18m to meet the needs of agro-based households in the crisis-ridden northeast. In a statement on Thursday, the […]

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