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Author: Abraham Akpan

Nestlé to invest N535bn in regenerative agriculture

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

FG’s plans to increase oil, gas reserves on course – DPR

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

Groups fault ‘monocropping’, urge more support for smallscale farmers

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

Naira sees biggest gain in nearly a month

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

Oil prices fall as China demand outlook falters

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.

OPEC+ agrees to increase oil production by 400,000/bpd

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