Market News

Strengthening agriculture and boosting exports competitiveness are strategies that can help transform the economy.

This was the position of the Africa Agric Expo held in Lagos.  Co-sponsored by NAHCO Aviance, the event highlighted the importance of strengthening competitiveness through diversification and value added exports.

Buoyed by favourable external conditions, agro exports had in the past helped to create jobs and earn the much-needed foreign exchange.

However, the country is vulnerable …

President Muhammadu Buhari has queried the Minister of Agriculture, Alhaji Sabo Nanono, for issuing import waivers to some companies to import fertilizer into the country contrary to the presidential fertilizer initiative policy, which focuses on increasing local production capacity for the product.

The query came through the Chief of Staff to the President, Malam Abba Kyari, requesting explanations on the breach of presidential policy.

Nigeria and Morocco had signed a …

The Food and Agricultural Organisation (FAO), said it has distributed irrigation water pumps and fertilisers to 4,000 farmers in Borno State, to restore livelihood in the agriculture and livestock sectors.

According to a 2018 post-harvest survey, FAO dry season support generated over N186.10million from farmers’ sale of crops, including rice, tomatoes, and onions.

FAO’s representative in Nigeria, Suffyan Koroma, disclosed this recently while distributing farm inputs for the 2019/20 dry …

The Federal Government and Russia on Monday signed an agreement for the supply of potash, a raw material for fertilizer production from a Russian company, URALCHEM.

Mr Uche Orji, the Managing Director, Nigerian Sovereign Investment Authority (NSIA) signed on behalf of Nigeria while Mr Dmitry Konyaev, Deputy Chairman, URALCHEM, signed on behalf of the Russian government. The agreement is under the aegis of Presidential Fertilizer Initiative (PFI) chaired by Jigawa …

The Managing Director of GREENWELL Technologies, a fertilizer blending factory in Abak local government area of Akwa Ibom state, Mr. Johnny Udo has expressed satisfaction with high demand of the product by consumers across the country.

Udo, said this when members of the Correspondents’ chapel of the Nigeria Union of Journalist (NUJ), Akwa Ibom State, visited the factory as part of activities to mark the chapel’s press week saying the …