Agriculture & Agribusiness Economy News Extra Latest News Political Economy

Nigeria’s Inflation Hits 13.22% In August, Highest In 28 Months

As predicted by many economic analysts, Nigeria’s consumer price index, (CPI) which measures inflation, increased by 13.22 percent (year-on-year) in August 2020, representing 0.40 percent points higher than the 12.82 percent rate recorded in the preceding month. According to the National Bureau of Statistics (NBS), the publisher of the report, the August CPI rate, which […]

Agriculture & Agribusiness Banking Economy News Extra Latest News Political Economy

Buhari Orders Zero Forex Allocation For Foods, Fertilizer Imports

President Muhammadu Buhari on Thursday directed the Central Bank of Nigeria (CBN) not to allocate foreign exchange (Forex) for the importation of food items or fertilizer in line with the monetary and fiscal authorities’ efforts to conserve the nation’s fast-depleting foreign reserves. Buhari gave the order, the second time since August 2019, at a meeting […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing

FG Inaugurates N75Bn COVID-19 Stimulus Schemes For MSMEs

The Federal Government on Thursday flagged off two schemes with N75 billion funding package to support about 1.7 million micro, small and medium enterprises in the country. The Minister of State, Ministry of Industry, Trade and Investment, Amb. Mariam Katagum, at a media briefing briefing on the National MSME Survival Fund and the Guaranteed Off-take […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing Revenue Water

Farmers Groan As Rain Scarcity Threatens Yields, Earnings

Farmers in South West region of the country are counting their losses as shortage of rain remained a big challenge to their farming activities and productivity. Speaking on the challenges of farmers in the region during an interview with the News Agency of Nigeria (NAN) on Tuesday, the Chairman of Oyo State All Farmers Association […]

Agriculture & Agribusiness Banking Economy News Extra Latest News Revenue

Revenue: Zenith Bank MD hinges growth on Nigeria’s non-oil sector

Group Managing Director of Zenith Bank, Mr. Ebenezer Onyeagwu, has canvassed the need for concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. Onyeagwu gave the charge during a Webinar, themed: ‘Prospects of Non-Oil Export During and Post COVID-19’, organized on Wednesday by the bank. According to him, the outbreak […]

Agriculture & Agribusiness Economy News Extra Latest News Revenue

Cocoa association forecasts 20% drop in Nigeria’s output

Nigeria’s cocoa output has been projected to drop by at least 20% this season as efforts by producers to curb the devastating impact of the COVID-19 pandemic on cocoa production and harsh weather conditions increase the likelihood of a poor harvest. The National Bureau of Statistics (NBS) had stated in a report that the pandemic […]

Agriculture & Agribusiness Budgeting Economy News Extra Latest News Political Economy Revenue Solid Minerals Tax Technology Telecomms Transportation

Buhari unveils new focal policy agenda of his administration

President Muhammadu Buhari on Tuesday listed nine policy issues that will be the major focus of his administration in the next three years. Specifically, the President disclosed that between now and 2023 when his APC-led administration will complete its second term of four years, the government would commit its time, energy and other resources towards […]

Agriculture & Agribusiness Economy News Extra Latest News Professionals & HR Devt. Revenue

FG Reiterates Commitment To Stronger Partnership With Farmers

The Minister of Agriculture and Rural Development (FMARD), Alhaji Muhammad Sabo Nanono, has reiterated the Federal Government’s commitment towards a stronger partnership and collaboration between it and farmers nationwide. The minister, who gave this assurance when  the Amana Farmers and Grains Suppliers Association of Nigeria (AFGSAN) led by its Chairman, Alhaji Haruna Ahmed Pambegua,  paid […]

Agriculture & Agribusiness Economy News Extra Latest News

Nigeria Accounts For Over 60% Of Yam Production Globally – FAO

The Food and Agricultural Organization (FAO), has ranked Nigeria as one of the world’s largest producers of yam, accounting for about 64% of the food crop produced globally. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Mohammed Bello, disclosed this in Abuja at the National Awareness Workshop on Yam, organized by […]