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World Bank To Support Africa’s Livelihood-Enhancing Projects With Over $5Bn

The World Bank Group on Thursday unveiled plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agricultural productivity and promote livelihoods in 11 African countries of the Sahel, Lake Chad and Horn of Africa. The Breton Woods institution President, David Malpass, gave this hint at the One […]

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CBN Disburses N12.55Bn To Boost Poultry Business

The Central Bank of Nigeria (CBN) has released the sum of N12.552 billion to poultry farmers in the country as part of its strategic monetary policy measures to increase egg and meat production, create more jobs and attracting new farmers to the sub-sector. Lead farmers in the poultry sub-sector, who are familiar with the fund’s […]

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NANTS, NUTAG Laud FG On Plan To Evacuate Traders From Ghana

The National Association of Nigerian Traders (NANTS) and the Nigerian Union of Traders Association in Ghana (NUTAG) has commended the Nigerians in Diaspora Commission (NIDCOM) over its planned efforts to evacuate Nigerian traders from Ghana. The groups’ commendation was expressed at an Inter-Ministerial Committee meeting held in Abuja which was attended by representatives of the […]

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Nigerians, Kenyan, Others Win AfDB’s AgriPitch Competition Prizes

The founder of a cassava processing business in Kenya, a co-founder of a novel food processing technology start-up, and the owner of a smallholder farmer food procurement company in Nigeria were among cash prizes winners in the African Development Bank’s (AfDB’s) $120,000 AgriPitch competition on Tuesday. The Agriptch Competition offered young entrepreneurs in Africa’s agricultural […]

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CBN Lists Criteria For Accessing P-AADS Fund, Beneficiaries

The Central Bank of Nigeria (CBN) has disclosed that companies, individuals and agro-processors of agricultural commodities will be able to access up to a maximum of N2 billion per obligor under the Private sector-led Accelerated Agriculture Development Scheme, P-AADS. Making the disclosure in the guidelines for the P-AADS, the apex bank’s Director, Development Finance Department, […]

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2,074 Nasarawa Farmers Benefit From CBN’s Anchor Borrowers Programme

At least 2,074, farmers in Nasarawa State at the weekend benefitted from the Central Bank of Nigeria’s (CBN’s) Anchor Borrowers’ Programme (ABP). The farmers were supplied knapsack sprayer and water pump machines for rice irrigation farming as part of the apex bank’s sustained efforts to support smallholders farmers nationwide. Confirming the distribution of the sprayers […]

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Dangote Group Sets December Timeline For Fertilizer Plant’s Operations

The Dangote Group has disclosed that its granulated urea fertilizer plant located at Ibeju Lekki, Lagos state, will start operations before the end of next month. The Group Head, Corporate Communications, Dangote Group, Mr Anthony Chiejina, confirmed the timeline for the kick-off of the $2bn plant to the News Agency of Nigeria (NAN) on Wednesday […]

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Nigeria Seeks $1.2Bn Loan From Brazil For Agric Financing

The Nigerian Government is seeking National Assembly approval for $1.2 billion loan from Brazilian Government to fund some areas of the agriculture value chain, Finance Minister, Zainab Ahmed, hinted on Tuesday in Abuja during the ministry’s budget defence. The minister told the House of Representative Committee on Finance that the Federal Government was also making […]

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ARC, Pula Partner To Enhance Agric Index Insurance Products For Farmers

The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Insuretech Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. The pact was partly sealed based on the lingering challenges facing African farmers every farming season, […]

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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 […]