Nigeria imported its second-largest volume of maize in a decade in 2019, maintaining the same level it recorded the previous year, despite calls by farmers for a restriction on the importation of the cereal, data analysed by PREMIUM TIMES show. Data obtained from the United State
The Nigerian government says it is distributing 66, 000 cocoa seedlings and other essential inputs to smallholder farmers to mitigate the effects of the new coronavirus pandemic on the sector. The Minister of State for Agriculture and Rural Development, Mustapha Shehuri, disclosed this on Thursday
The federal government has said it will start up a programme, “The Green Imperative”, which will lead to the establishment of 632 farm mechanisation centres in the country. The government said the mechanisation centres will support food production in all the local government areas of
The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing catch up with demand, and Brent oil prices could rise to $66 a barrel, according to Energy Aspects. Brent Crude prices are
The federal government says it is supporting smallholder farmers through their various associations and cooperatives with 38,142KG of improved cashew seeds for distribution to 3,798 of cashew farmers across the country. The Minister of Agricultural and Rural Development, Muhammad Nanono, stated this on Thursday when
In June, global food commodity prices rose for the first time since the beginning of the year driven primarily by a ‘rebound’ in vegetable oils, sugar and dairy quotations, the Food and Agriculture Organisation (FAO) has said. It, however, said in the cereal and meat markets, most
Natural gas futures are trading slightly better shortly after the regular session opening and before the release of the weekly government storage report at 14:30 GMT. The market is also trading inside yesterday’s trading range, which tends to indicate investor indecision and impending volatility. Today’s
Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the second quarter. It was the international
To improve their yields and incomes, African cassava farmers need regular and reliable access to high quality planting materials of the newest and best varieties. Access to such cassava stems, however, is often a problem. Agrodealers don’t sell them, and free distributions by NGOs and
As part effort to ensure that Nigeria is food sufficient, the Nigerian Army Farms and Ranches Limited (NAFARL) and the Federal Ministry of Agriculture and Rural Development are set to collaborate towards achieving food security and boosting agribusiness development in Nigeria. This was disclosed in