ECONOMY

Nigeria’s Cocoa Sector to Get Boost from Afrexim, NEXIM and ICCO

Nigeria could be adding several thousand more tonnes of cocoa beans to its current output levels for the commodity, as some major development finance institutions are partnering to support growth in the country’s cocoa sector. The efforts of these banks

CBN Proposes Single Digit Interest Rate for Agriculture and Manufacturing Sectors

Manufacturers and agriculturists may finally be getting something that they have craved for a long time. The Central Bank of Nigeria says that it will provide interest rates below 10 percent on special loans to these sectors. This plan was

The ₦7 Trillion Opportunity in Nigeria’s Food Production You Can Take Advantage Of

With the dawning of the new era of low oil prices, it has become clear that Nigeria can no longer rely on foreign exchange from oil exports to power its economy’s engines. Attention is slowly shifting to other possible anchors.

Business Profile: FarmerOutlets.Com

Farmer Outlets is an online shop which serves as a platform for farmers, farm produce buyers and agri-business investors to buy and sell agricultural products. Because of the way it’s set up, it offers far more than the physical produce

Ministry Of Agriculture Introduces Smartphone App For Flood Forecasting

Nigeria’s Ministry of Agriculture has launched a smartphone app which should aid flood detection efforts in the country. The “WetIn App” is designed specifically to monitor the development of floods especially along the Niger and Benue Rivers. Reports from the

THLD Makes Gas Fueling For Vehicles Available In Nigeria

There are more options for powering Nigeria’s cars, trucks and buses than just diesel and PMS (petrol). Gas or Liquefied Petroleum Gas (LPG) is an alternative that has been vastly underutilized in Nigeria, perhaps owing to a lack of awareness

Construction of Badagry’s Greenfield Port Gets Federal Government Approval

Nigeria’s maritime sector might take on a completely different look from its present form in a few years from now, as new seaports spring up along its coastlines. Lagos, in particular, could see a doubling in the number of its

The Central Bank of Nigeria’s Requirements for International Money Transfer Operators

On Tuesday, August 2, the Central Bank of Nigeria (CBN) issued a statement warning Nigerians to steer clear of what it called “unlicensed International Money Transfer Operators (IMTO)” in the country. This would have passed off as another document put

Lagos’ Lekki Sea Port to Be Built As the Deepest In Sub-Saharan Africa

For thousands of years, the number of ships carrying cargo to and fro ports have been a good indicator of the state of health of the society which the ports served. Nigeria’s need for well-equipped ports stems from the sheer

Federal Government to Provide $273 Million Guarantee for 14 New Solar Power Projects

The Federal Government has disclosed that up to $273 million will be provided to guarantee the Power Purchase Agreements it recently signed for the 14 new solar power projects. The agreements were signed by the government-sanctioned power sector regulator, the

BudgIT: Information on Government Spending at Your Fingertips

Government might be distrusted because it is perceived to run public affairs in a “shady” way. Such perceptions are often ‘backed up’ with figures found on the pages of newspapers, or rumours making the rounds. But no matter how legitimate

How to Start a Goat Farm

Goats have always been one of the preferred sources of animal protein for Nigerians. And there is more to goats than just their meat. For many tanneries in the country, goat skin is a key material used in the production

Lagos to Commence Export of Crude Oil in August

After many years of anticipation, it seems that Lagos State may finally join the league of states from which crude oil is exported. This achievement could be recorded as early as August if reports coming from the operators of the

Nigeria To Benefit From Afrexim Bank’s $1 Billion Investment Programme

Nigeria will be benefiting from a massive injection of development funding from the Africa Export-Import Bank (Afrexim Bank), which, it is hoped, will help in the creation of agricultural and industrial processing parks. About $1 billion is set to be

Eko Atlantic Yields Nigeria’s First 8-Lane City Road, And More

A new city is slowly taking shape on the coastline of Lagos, Nigeria’s main commercial hub. Massive structures are rising from the sands of reclaimed land, as construction workers drive into depths and raise up the edifices that will in

Nigeria Signs First Solar Power Purchase Agreement for Solar Power Supply

The move towards diversifying Nigeria’s energy generation sources has been given a significant lift with the signing of the country’s first Power Purchase Agreement (PPA). The Nigerian Bulk Electricity Trading (NBET), which supervises energy-related matters on behalf of the Nigerian

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