Business Hilights

Tracking Nigeria's Headline Business News Online

Chief Audu Ogbeh

How sinking oil price exposed impacts of herdsmen on agro export, diversification

Rewinding back to May 29, 2015 when the current administration of President Muhammadu Buhari was first inaugurated, there were high hopes of strategic diversification of the economy that will be powered by agro-revolution. Virtually every state and community geared up…

PMB 1st term: Farmers’/herders’ crisis frustrated rising revival of Nigeria’s agro sector

As the President of Federal Republic of Nigeria, Muhammadu Buhari begins yet another term of fours having taking fresh oaths of office and allegiance yesterday, May 29, 2019, analysts have started looking at his sectoral performances relating to the economy….

Investors see AfDB’s SA-IPZ deepen agricultural revolution in Nigeria

Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SA-IPZ) initiative, describing it as a pathway to Africa’s agricultural revolution. At the onset of the current administration, the initiative was designed to…

FG won’t go to any state that is not interested in grazing reserves—Minister

The Federal Government has revisited the hanging issue of establishing grazing reserves across the country but now with a caveat that “We are not going to any state that is not interested and we are not going to collect anybody’s…

Guinness ‘Growing with Nigeria’ empowered over 5,000 farmers—Magunda

The Managing Director/Chief Executive Officer, Guinness Nigeria, Baker Magunda, has hailed the ongoing partnership between Guinness Nigeria Plc, and other stakeholders, including Central Bank of Nigeria (CBN), and Stanbic IBTC Bank Plc for driving backward integration in sourcing raw materials….

Minister reads riot act to agencies over use of Snipers, others in agro preservation

Following revelation via a viral video showing the use of Snipers for preservation of Beans, a staple proteinous food in Nigeria, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has called for end and discovery of a suitable…

Use part of N60bn rice subsidy to deepen research in hybrid production—Don

A Rice production consultant in Thailand, Dr Li Yung, has advised the federal Ministry of Agriculture and Rural Development to dedicate a substantial part of the approved N60bn subsidy for rice farmers who suffered yield losses traced to floods and…

Why FG outlawed use of NPK 15-15-15 brand of fertilizer in Nigeria

As part of deepening backward integration in agro production, the Federal Government has banned use of NPK 15-15-15 brand of fertilizer, saying the era of the product in farming is over. In an interview, the Minister of Agriculture and Rural…

Zambia avoids Nigeria, sends team to Ghana to learn Garri processing

Nigerian industry analysts are still confused on why upon the fact that Nigeria is the leading global producer of Cassava and garri, a Zambian trade delegation recently jumped the country and went to Ghana to learn about the garri processing…

FG, RIFAN plan regional Rice Fair to showcase rising backward integration

As part of drive to convince Nigerians that economic diversification by the Federal Government in agriculture and rice farming in particular is yielding desired fruits, it has sealed understanding with the leadership of Rice Farmers Association in Nigeria (RIFAN) to…