Ecobank opens Agric Financing Scheme; to host Nigeria’s biggest Agric-Business, Food summit  

Ecobank Nigeria in its quest to enhance its non interest income has said it has opened an Agriculture Businesses Finance Scheme where it plans to disburse...

Buhari appoints Ahmad Salihijo Ahmad, MD of Rural Electrification Agency

President Muhammadu Buhari has approved the appointment of Mr Ahmad Salihijo Ahmad as the Managing Director and Chief Executive Officer of the Rural Electrification Agency. Mr...

Ogun budgets N8.3bn for rural devt. in 2020

The Ogun Ministry of Rural Development has set aside N8.3 billion for electrification projects and construction of rural roads in 2020. Mr Razaq Ojetola, Director of Rural...

Emefiele to launch N69bn Edo Oil Palm programme

 The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele will on Tuesday launch the Edo State Oil Palm Programme (ESOPP), a N69bn intervention...

Prices of local rice drops as farmers release products in market

The price of locally produced rice has witnessed a significant drop after weeks of price hikes following the closure of Nigerian land borders and is set...

Nigeria has enough rice to last two years, rice to be cheaper before December

An Enugu-based commercial rice farmer, Mr Ekene Uzodinma, has advised Nigerians against panic buying and hoarding of rice ahead of the Yuletide celebration. Uzodinma, who is...

Border closure opens opportunities for poultry farmers – Exhibition coordinator

The closure of the Nigeria’s land borders has opened a vista of opportunities for poultry farmers, the Coordinator of the 2019 Nigeria Poultry Farmers’ Exhibition, Mr...

Rice farmers want CBN to reschedule loan repayment plan

Rice Farmers Association of Nigeria (RIFAN), has appealed to Central Bank of Nigeria (CBN), to reschedule its loan repayment plan for rice farmers in Adamawa following...

Textile: CBN facilitates MOU among armed forces, other stakeholders, N100bn needed to revive cotton, textile, garments sector

By Omoh Gabriel In a major move towards complying with the Executive Order 003, which directs all Ministries, Departments and Agencies (MDAs) to grant preference to local content in their...

Nigeria can generate N151bn from onion farming annually – Group

The Onion Producers and Marketers Association of Nigeria (OPMAN) said that the country could generate about $420 million (about N151 billion) annually from onion cultivation. OPMAN’s...

Photo news of Nigeria rice brands

AfDB President invests $1.1m in young African farmers

President, African Development Bank (AfDB) Mr Akinwunmi Adesina, has awarded $1.1 million to 10 young African agric entrepreneurs to boost food production in Africa. The beneficiaries...

Rice smuggling: 45 bank accounts temporary frozen by Court

A Federal High Court in Abuja has ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly  involved in smuggling of rice into...

Nigeria plans to partner Cameroon to agree on cocoa premium

Nigeria aims to team up with Cameroon to agree a premium for their cocoa with buyers, the vice president of the World Cocoa Producers Organisation told...

Emefiele says Nigeria spends $1.2bn to import fish annually

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about $1.2 billion dollars worth of fish is imported into the country annually. Emefiele...