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Ghana’s Devastated Cocoa Season Stirs $1bn Global Loss

Ghana’s Devastated Cocoa Season Stirs $1bn Global Loss

Trading firms that rely on cocoa derivatives could lose at least $1 billion with traders forced to unwind short bets in a surging market because Ghana failed to produce beans this year. This year, cocoa…

Olam Agri Awards Scholarships To 87 Nigerian Students

Olam Agri Awards Scholarships To 87 Nigerian Students

Olam Agri in Nigeria, an agri-business transforming food, feed, and fiber, has further solidified its reputation as a leading investor in human capital development. – The business, which operates 4,451 hectares of rice farm and…

FG Plans Raising Cocoa Production To 500,000MT

FG Plans Raising Cocoa Production To 500,000MT

The Federal Government has announced plans to increase the country’s cocoa production to 500,000 metric tonnes by 2025, up from 340,000 tonnes in 2022. Permanent Secretary of the Federal Ministry of Industry, Trade, and Investments,…

‘Nigeria Has Potential To Earn $100bn From Coconut’

‘Nigeria Has Potential To Earn $100bn From Coconut’

The General Manager, Lagos State Coconut Development Authority (LASCODA), Dapo Olakulehin, has highlighted Nigeria’s potential to earn over $100 billion annually from coconut production. Olakulehin stated this during the 2024/2025 Rotary tree planting coastal restoration…

AU, ILRI To Develop Guidelines To Improve Food Safety

AU, ILRI To Develop Guidelines To Improve Food Safety

New guidelines to support African governments to im – prove food safety across the continent’s vast informal food sec – tor are set to be developed for the first time. The African Union (AU) and…

‘Policy Coherence Needed To Enhance Agric Market Access’

‘Policy Coherence Needed To Enhance Agric Market Access’

The Group Managing Di – rector of Amo Farm Sie – berer Hatchery Limited, Dr. Ayoola Oduntan, has empha – sised the critical need for policy coherence to enhance market access and build resilient food…

Olam Agri Harps On Transforming Africa To Net Food Exporter

Olam Agri Harps On Transforming Africa To Net Food Exporter

Olam Agri, a leading agribusiness in food, feed, and fibre, has spotlighted the enormous potential within the African food value chain. The Country Head of Olam Agri’s Nigeria operations, Anil Nair, highlighted this potential during…

Cocoa Export: ‘Nigeria At Risk Of Losing $20bn’

Cocoa Export: ‘Nigeria At Risk Of Losing $20bn’

The Executive Secretary and Chief Financial Officer, Financial Report – ing Council of Nigeria, Rabiu Olowo, has disclosed that the country is at risk of losing over $20 billion in cocoa exports within the next…

Sustained Food Security Challenges Mar Nigerians’ Hope

Sustained Food Security Challenges Mar Nigerians’ Hope

For the nation’s agric sector, it has been lamentations for Nigerians, since the present administration of President Bola Tinubu assumed power on May 29, 2023. However, to be fair to the administration, the sector was…

Food Security: Reps Seek Mechanised Agric Revolution To End Hunger

Food Security: Reps Seek Mechanised Agric Revolution To End Hunger

The House of Representatives on Tuesday urged the Federal Government to collaborate with State Governments to address the current food insecurity in the nation through a mechanised agricultural revolution. The resolutions were consequent upon the…