Business News

President Muhammadu Buhari has directed the Central Bank of Nigeria to block food importers’ requests for foreign currency in a bid to boost local agriculture in Africa’s most populous country. It is a continuation of a policy that the president began...

The Nigerian Institute of Food Science & Technology, NIFST, incorporated in Nigeria with over 12,000 members spreads across the food & allied industries, academia, research & development, Policy formulation (MDA) and regulatory agencies across the states...

Senate President, Dr Bukola Saraki, has urged Nigerian youths to take advantage of the Agriculture Finance Bill recently passed by the 8th Senate to enhance their investments in agribusiness. In a statement signed by his Special Assistant on Print Media, Chuks Okocha,...

No fewer than 2,242 rice and cassava farmers in Taraba state have received fertilizers, herbicides and other inputs from the International Fund for Agricultural Development (IFAD), under its Value Chain Development Programme (VCDP). Taraba State IFAD’s Programme...

1. NIFSTers are encouraged to imbibe the principle of integration of Innovations and Upgrades by adoption of Food Value Chain Approach for improvements in Food and Agricultural systems. 2. NIFSTers are encouraged to use online system for payment of dues and other...

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the country is targeting to reap over $5billion annually from cassava production in the next few years. Ogbeh disclosed this on Thursday in Abuja at the National Cassava Summit with the theme;...

Minister of Agriculture and Rural Development, Audu Ogbeh, has disclosed the plans to boost local production of fish species in an attempt to reduce the huge importation of the product into the country and also to conserve foreign exchange in the fishery sector. He...

The Dangote Group is a diversified and fully integrated Conglomerate with interest across a range of sector in Nigeria and Africa. Currently interests include Cement, Sugar, Flour, Salt, Pasta, Beverage, Noodles, Poly Products, Transportation and Real Estate, Oil and...

The research by the United States Department of Agriculture (USDA) has revealed that the importation of rice from the United States to Nigeria has dropped by 300,000 metric tons in the last six months. According to the report, Nigeria’s rice imports dropped by 300,000...

The Central Bank of Nigeria (CBN) has assured that the manufacturing and agricultural sectors will enjoy single digit interest rates as it would fast track lending of a reserved special intervention fund earmarked for the sectors. The CBN has set aside N235 billion...