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Tuesday, July 7, 2020

Nigeria maize production falls as army-worms attack farmlands, spends $532.1m on importation

Maize imports rose to 100 per cent in 2017 Grain price rise to $367 per metric ton Spends $532.1 million in maize imports in 2 years As domestic demand for maize had reached at 15.5 million metric tons.

Ogbeh Launches Homegrown Solution to Curtail Armyworm Attacks on Crops

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has launched ‘Goldmax Total Crop Protection’, a breakthrough solution for Fall Armyworm (FAW) management and control for protection of farm produce, particularly maize grains. The product, which was produced by a renowned Nigerian chemist,...

UK wheat exports slow in January despite Nigeria sale

LONDON, March 11 - British wheat exports fell in January but are still running well ahead of last season's pace, customs data showed on Wednesday. Wheat exports for the month totalled 50,281 tonnes, down from the previous month's 96,111 tonnes. Spain was the most important...

Nigeria targets local 300,000 tonnes of cotton output as local farmers get seedlings

Nigeria's Central Bank, (CBN) vows to revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State. To encourage local textile production, the apex bank also...

Oil Price Near $44 as Investors Weigh Libya, Nigeria Output Caps

Futures traded in a $1.07 range in New York, following last week’s 3.9 percent tumble. The two African producers, who were exempt from supply cuts because of internal strife but are now recovering, have been invited to a July 24 meeting in Russia to...

Exporters lament over 30,000 tons of cocoa trapped due to decayed Lagos Apapa road infrastructure

By Tolani Awere and Tope Alake Shipping delays have caused an escalation of haulage costs Roads left to decay over two decades by successive regimes At least 30,000 metric tons of cocoa are trapped on their way to ports in Nigeria’s main city of Lagos as...

Nigeria’s Tariff on Wheat Importers Grossly Affecting Local Millers

Chris Uba The Lagos Chamber of Commerce and Industry (LCCI) has faulted the federal government’s policy on wheat, saying heavy import tariff on the commodity was adversely affecting millers in the country. This, the chamber also argued may snowball into a tariff bout between Nigeria...

Nigerian farmers target 25 million MT of maize production in 2019

THE National President of Maize Association of Nigeria (MAAN), Bello Abubakar said that the maize farmers under their Association would produce 25 million MT of maize next year to meet up with the local demand. Bello said that this year, the maize farmers were able...

Nigeria’s annual cotton output slumps to 60,000

Nigeria Approves Two GMO Cotton Varieties to Increase Output By Ruth Olurounbi Cotton seeds genetically modified to boost bollworm resistance Nigeria approved two genetically modified varieties of cotton for use by the nation’s farmers to help boost supply to its textile industry and cut lint imports of...

Nigeria plans to boost oil output as price hits $65

Less than two weeks after the Organisation of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Nigeria and Libya are planning to raise output next year. Oil price has hit $65, the highest in 30 months. Brent crude prices jumped above $65 per...
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