Agriculture Banking and Finance News & Reports Trade and Investments

NIRSAL Boosts Cocoa Exports with Credit Guarantee

The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL) is committed to enabling Nigerian cocoa farmers to benefit from the $67 billion global cocoa market, according to its chief executive officer, Aliyu Abdulhameed. While on a tour of ADT Russet Limited, in Apapa, Lagos State, which is a beneficiary of N1.5 billion facility …read more →

Agriculture Banking and Finance News & Reports

Nigeria Commodity Exchange Starts Operations in Q4, as Partners Pledge N50BN

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the revamped Nigeria Commodity Exchange (NCX) will commence operation by the fourth quarter of 2021. Emefiele who spoke at the unveiling of the 2020 wet season harvest aggregation in Ekiti State, said the regulatory bank and its partners had committed the sum …read more →

Agriculture Banking and Finance News & Reports

CBN Nudges Banks to Increase Loans to Agricultural Sector

The Central Bank of Nigeria (CBN) has said that the best way to boost food production in the country is for banks to increase lending to the agricultural sector to 10% within the next four years. According to the Governor of the Bank, Godwin Emefiele, who spoke at the 13 banking conference in Abuja organized …read more →

Agriculture News & Reports

UNFAO, Cross River partner to boost agrotech capacity in MDAs

The United Nations Food and Agricultural Organisation (FAO) and the Cross River State government have agreed to a partnership that would result in agricultural and ICT  training for staff based in major ministries, departments and agencies in the state. The agreement was finalised after a meeting by representatives of both parties, which included Asibong Inyang, …read more →

AFRICAReports Agriculture Infrastructure Financing News & Reports

Food Security: AfDB Projects Have improved 9 Million Lives – Report

African Development Bank (AfDB) has said that the Water Mobilisation Project to Enhance Food Security in Maradi, Tahoua and Zinder Regions (PMERSA-MTZ), implemented between 2011 and 2018 in Niger, has sustainably increased agricultural production and productivity and increased food security for nearly nine million residents of this Sahelian country. In a report published by the …read more →

Agriculture Banking and Finance

Plateau Maize Farmers Commend FG Over Anchor Borrowers’ Programme

The Plateau chapter of the Maize Association of Nigeria (MAN) has commended the Federal Government for introducing the Anchor Borrower Programme (ABP) in the country. The Chairman of the association in the state, Mr Dakat Mbai, who made the commendation, said the initiative would address the basic challenges of food production in the country. The …read more →

AFRICAReports Agriculture Economy Infrastructure News & Reports

Moroccan Firm Seeks To Commission Fertiliser Plants in Nigeria, Ghana In 2024

Morocco’s OCP Group expects a fertiliser plant in Ghana and an ammonia plant in Nigeria to be operational by 2024, the company’s chief growth officer said, adding 2 million tonnes a year to its global output capacity. OCP, the world’s biggest phosphates exporter, will build the two plants, each with a capacity of 1 million …read more →

AFRICAReports Agriculture Infrastructure News & Reports

Cross River, Israeli Firm to Establish $15m Cocoa City Project

The Cross River Government and Israeli Bean & Co. Global Ltd. have signed a full Venture/Public Private Partnership agreement of 15 million dollars for the establishment of a special cocoa city project in the state. The online virtual signing of the agreement was carried out on Wednesday in Calabar, while the Memorandum of Understanding had …read more →

Agriculture Infrastructure News & Reports

Dangote, Stallion, others boost Ekiti Agric sector with $50m investments

EKITI State Government said it had issued a Certificate of Occupancy (C of O) to Stallion Group for a 10 million dollar rice mill in Ado-Ekiti, the state capital. It said Dangote Group is also finalising plans to locate a five million dollars mill within the same location. Mr Akintunde Oyebode, Special Adviser to the …read more →