Commodities

Nigeria Still Imports 1.7 MMTs of Rice Annually Despite Agricultural Reforms

Lagos, Feb. 15, 2025 (Naija247news) – Nigeria continues to heavily rely on rice imports, with approximately 1.7 million metric tons of parboiled rice still...

Nigeria’s Cocoa Market Valued Over $6 Billion, Set to Grow to $25 Billion – Stakeholders

Lagos, Dec. 4, 2024 (NAN) – Nigeria’s cocoa market, which currently stands at 250,000 tonnes in volume, is valued at over $6 billion, with...

Nigeria’s Cocoa Exports Surge 304% in Q1 2024 Amid Strong Global Demand and Record Prices

Cocoa harvests are looking promising for the upcoming season, yet this may not sufficiently lower chocolate prices. Following poor crops in West Africa that...

Nigeria’s Corn Acreage Drops to 5.1 Million Hectares for 2024/2025, Lowest in 14 Years

Nigeria’s corn acreage has fallen to 5.1 million hectares for the 2024/2025 season, marking the lowest level in 14 years, according to the United...

Nigeria Leads African Nations in Building Gold Reserves to Cut Dependance on U.S Dollars

Nigeria, along with other African nations, is rushing to build its gold reserves to hedge against geopolitical tensions that have battered their currencies and...

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