Nigeria’s Cocoa Processing Industry Slumps to 8% Capacity Amid Economic Challenges
Nigeria’s cocoa processing sector has dwindled to just 8% of its installed capacity due to worsening economic conditions, despite federal efforts to boost exports....
FG Targets 500,000 metric tonnes of cocoa production by 2025
July 17, 2024.
Azonuchechi Chukwu.
The Federal Government on Tuesday says it would boost its cocoa production to 500,000 metric tonnes by 2025 from the 340,000...
Commodity Market Update: June 21, 2024
In the latest developments from the global commodity markets, various key commodities have witnessed diverse price movements as of June 21, 2024.
Crude Oil and...
Nigeria Partners IFC to Expand Cocoa Operations with $23.3 Million Investment
The International Finance Corporation (IFC) and Johnvents Industries Limited have forged a $23.3 million partnership aimed at expanding cocoa processing operations and enhancing export...
Ivory Coast Leads with 2.2 Million Tons of Cocoa Annually, Far Outpacing Nigeria’s 340,163 Tons
**ABUJA, May 17 (Reuters)** - Once the world's leading cocoa producer, Nigeria has slipped in rankings due to outdated farming techniques, according to the...
