The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd and other stakeholders, saying such partnerships stands to create new opportunities for Nigeria to grow its potential reserves
Fell for the fourth consecutive month in May, the Food and Agriculture Organization (FAO), of the United Nations, reported on Thursday. The report, published on the FAO webpage, shows details of the Food, Price Index, which tracks international prices of the most commonly-traded food commodities. It
Food waste is taking on a new meaning in the pandemic era. Dumped milk in Wisconsin. Smashed eggs in Nigeria. Rotting grapes in India. Buried hogs in Minnesota. These disturbing images have stirred outrage around the world. But here’s the surprising part: the world may
Since the World Health Organisation (WHO) declared the novel coronavirus a global pandemic on March 11, much of our news has been dominated by the economic and social impact of the disease. We have heard this thrown around a lot; that the coronavirus is the ‘great
For the second time this century, the interdependence of the global food supply is in sharp focus. In the first instance, the economic crisis of 2008 created high food prices and pushed an additional 100 million people toward hunger. For many, though, that crisis neither began
World food commodity prices declined for the third month in a row in April due to significant fall in the demands for many commodities as a result of the COVID-19 pandemic, this is according to the Food and Agriculture Organisation Food Price Index (FFPI) of the
The Nigerian government has established an emergency operation centre to monitor the supply of essential commodities during the COVID-19 lock down, the Minister of Industry, Trade and Investment, Niyi Adebayo, has said. The center, which is housed in the ministry, will monitor the real-time status of the
The Cowpea and Beans Farmers, Processors and Marketers Association of Nigeria has begun plans that will see Nigeria export quality beans to the European market, as the ban placed on the country is expected to be lifted by 2021. The National President of the association,
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the crash in oil price on Monday was a shock to the country. Mrs Ahmed spoke at a consultative roundtable meeting organised by Central Bank of Nigeria (CBN) in Abuja on Wednesday. The roundtable
The International Crops Research Institute for the Semi-Arid Tropics’s country representative in Nigeria, Hakeem Ajeigbe, has said that Nigerian-farmed sorghum will soon be exported as the demand of the produce has been on increase from local and international consumers. Consumption rate is also expected to