Hours after the United Nations Food Summit was held in New York, Nestle, a Switzerland owned food and beverage company, announced its intention to invest N535 billion in regenerative agriculture food systems. Nestle currently operates a large investment in 22 countries including Nigeria with its
Policy Alert, a data-driven non-governmental organisation, has launched a campaign to demand transparency and expose corruption in Nigeria’s extractive sector. The campaign, tagged #WetinWeGain2, is aimed at putting citizens at the centre of beneficial ownership in the sector. It is also aimed at contract transparency
The Department of Petroleum Resources (DPR) has said the federal government’s plan to increase the nation’s oil and gas reserves, are on course, and is being boosted by strategic policies and programmes. The Head, Public Affairs, DPR, Paul Osu, made this known in a statement on Tuesday
African-based environmental groups have called on rich and influential donors to give “more investment and support” to smallholder farmers to boost agroecological farm practices in Africa. The Southern African Faith Communities’ Institute, Health of Mother Earth Foundation (HOMEF), other environmentalists, and small-scale farmers said this is what
Over 76 per cent of Nigeria’s exported agricultural commodities are often rejected by the European Union for not meeting required standards, the director-general of the National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Adeyeye, has said. Mrs Adeyeye said this on Channels TV Sunrise daily show
Naira gained significantly against the U.S. dollar at the official market Friday as it touched 410 for the first time in almost a month. Data posted on the FMDQ Security Exchange where forex is officially traded showed the local unit closed at N410.80 per $1
The prices of crude oil plummeted more than 1 per cent on Monday for a third session, after official data revealed refining and economic activity slowed in China. Brent crude was down 90 cents, or 1.3 per cent, at $69.69 a barrel by 0649 GMT.
Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay Mining to search in Greenland for critical materials used in electric vehicles. KoBold, which uses artificial intelligence and machine learning to hunt for raw
One of the professed objectives of the Muhammadu Buhari administration is to diversify Nigeria’s oil-based economy by expanding the country’s agricultural sector. If achieved, even at an average scale, the potential benefits would be immense, from increased food supply to foreign earnings boost. To support
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Sunday agreed to increase global oil production by 400,000 barrels per day. OPEC and its Russia-led oil-producing allies, OPEC+, agreed to unleash barrels of bottled-up crude over the next two years by committing to restore all