Nigeria’s top 10 Agriculture exports in Q1 2023
Article summary Nigeria’s foreign trade in the first quarter of 2023 decreased by 17.5% to N12.05 trillion compared to the same period in 2022. Petrol imports accounted for 26.8% of…
How far will Tingo Mobile’s N3 billion facility go to bolster agriculture in Nigeria?
Article Summary Tingo Mobile PLC recently extended a N3 billion loan facility to AFAN, aiming to enhance food production and export businesses in Nigeria. The loan has the potential to…
Insights: FG should reduce import tariffs for food processing companies over fuel subsidy removal – CPPE
Article summary The Centre for the Promotion of Private Enterprise (CPPE) has urged the Nigerian government to introduce palliatives to mitigate the effects of fuel subsidy removal, particularly on food…
GDP: Agriculture growth slows to -0.90% in Q1 2023
Article summary Nigeria’s agricultural sector experienced reduced growth in the first quarter of 2023, with the GDP growing by 2.31% in real terms, compared to 3.11% in the same period…
Agriculture: FG approves national dairy policy
Article summary FG says policy is necessary to ensure a stable and sustainable dairy sector, that would give livestock farmers a sense of belonging. It also reduces the protracted conflict…
Lagos State says commercial sales of Eko Rice will commence in June
Key highlights Eko Rice would hit major markets by the first week of June 50kg bag of Eko Rice would cost between N32,000 and N33,000, while the 25kg bag would…
Hunger: 700,000 Nigerian children at risk of severe acute malnutrition- UN warns
Article summary The United Nations warns that 700,000 children are at risk of severe acute malnutrition in Nigeria, with 2 million children under the age of five facing the most…
African Trade unleashed: FG empowers Nigerian exporters
Key highlights GTI will facilitate business-to-business linkages, enabling Nigerian businesses to identify potential partners and suppliers in other African countries. FG says it intends to bridge the information gap, streamline…
Bank of Industry assets rise 39.2% to N2.38 trillion, as profit rises over 15%
Key highlights Total group assets grew by 39.2% between 2021 and 2022 to N2.38 trillion from N1.71 trillion. Growth was largely due to the three successful capital-raising transactions worth 1.…
Anchor Borrowers’: Farmers Association of Nigeria claims the scheme failed to meet results, politicised
Key highlights Anchor Borrowers’ politicised has caused large defaults. Farmers prefer the Gross Enhancement Scheme (GES), which they say is a support grant, not a loan. The Central Bank of…