OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. OPEC, Russia, and their allies are planning to increase oil production by 2.1 million bpd by as early as July this year,
Sesame seeds, or beni-seeds as they are locally known, are among the most commercially viable crop critical to the agricultural economy of Nigeria. Despite the high viability of the crop, data from the Food and Agriculture Organization (FAO) shows Nigeria’s production of sesame has been
Nigeria’s wheat production has been so dismal that for a decade the country only managed to produce just about two per cent of all the wheat it consumed. Data from the United States Department of Agriculture shows that between 2010 and 2020, as the consumption
The Nigerian Government has begun the development of mineral resources across the six geopolitical zone of the country, the Minister of State, Mines and Steel Development, Uchechukwu Ogah, said Monday. Mr Ogah disclosed this in Enugu during the closing ceremony of the 32nd Enugu International
The scarcity of this essential commodity, which Nigeria happens to be its largest producer, is fast crippling the poultry sector. The price of soybeans, a major ingredient used for poultry feeds, has almost doubled in the last year, according to a market survey by PREMIUM
Food security is a product consistency and deliberate intervention in agricultural chain value. Not long ago, the Food and Agriculture Organization (FAO) warned that the food crisis was looming in Africa and particularly in Nigeria due to the ravaging effect of COVID-19. Statistics depict that
Smallholder fish farmers in rural Kalimantan are turning towards sustainability, with some assistance from an agribusiness company. Every morning after his prayers and breakfast, fish farmer Ipong has a huddle with his fellow fishermen, discussing new ideas to improve the farm. Ipong and his team started
How are sustainable agricultural practices, transforming smallholder livelihoods for the better? A group of smallholder farmers from Tegal Mulyo village, South Sumatra, made history when it entered Indonesia’s national book of records for the second time in a row last year. The cooperative, KUD Barokah Jaya,
Nigeria suspended its plan to begin exporting sorghum to the United Kingdom in 2020, as a result of the disruption caused by the coronavirus pandemic, the country representative of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Hakeem Ajeigbe, has said. Mr Ajeigbe told PREMIUM TIMES in March 2020
Nigeria officially banned the importation of rice two years ago, to improve the local production of rice. As Nigeria plans to increase the production of rice, 20 seed companies benefited from rice seed distribution by the Federal Ministry of Agriculture and Rural (FMARD) across the