Heavy reliance on importation and weak Naira-to-Dollar exchange rate have been blamed for the spike in aviation fuel, currently pegged at N315/litre. Fuel marketers, yesterday, said besides the local charges and fees that are fixed, fluctuations in the global price of crude oil and the exchange rate would continue to affect the price of fuel, […]
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Nigeria’s economy could grow by $229 billion by 2025 if it reduced gender inequality in the labour market, in economic participation, and in political representation, according to a report. The report was by Nigeria2Equal is an International Finance Corporation(IFC)-led, multi-stakeholder programme in partnership with the Nigerian Exchange (NGX), formerly The Nigerian Stock Exchange (NSE). The […]
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The naira yesterday lost N5 to close at N510 to one dollar at the parallel market over rising volatility in the foreign exchange market. The currency, which exchanges at N505/$1 at the weekend, failed to sustain last week’s rally. The pressure against the naira at the parallel market followed Central Bank of Nigeria’s decision to […]
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The equities market of the Nigerian Exchange Limited started this week on a negative note as investors lost N126.86bn at the end of trading on Monday. The NGX All-Share Index, which tracks all stocks listed on the exchange, saw a 0.63 per cent decrease from 38,810.75 basis points last Friday to 38,567.36 bps on Monday. […]
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Akwa Ibom State Commissioner for Agriculture and Food Security, Dr. Glory Edet explains the efforts of the state to revive agriculture through various empowerment schemes for farmers. She adds that value chain development strategy, where the emphasis is laid on farm input suppliers, farmers, aggregators, processors, and marketers, is the focus of the administration to […]
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Lagos State Governor, Mr. Babajide Sanwo-Olu test-driving a tractor at the flag-off of the 2021 Agricultural Value Chains Enterprise Activation programme at Police College, Ikeja Lagos State is adjudged the smallest state in the country by landmass, lacking the large tracts of land available to other states for cultivation of crops and agriculture. And though […]
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Although Nigeria has attained the status of largest producer of cassava in the world with its production accounting for 21 per cent of total production of the crop globally, thanks to recent interventions by the Central Bank of Nigeria (CBN) in the agro sector, there are indications that concerted efforts are still required to effectively […]
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Minister of Agriculture, Mohammed Nanono A new report by the Institute of Development Studies, a UK-based think tank, has placed Nigeria as the second poorest country in the world in terms of food affordability. The report, which was compiled through a publicly available global cost-of-living database, Numbeo, was used in creating a ‘cost of food […]
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Lagos State government has empowered about 3,000 agripreneurs with agricultural productive assets and inputs under the 2021 Agricultural Value Chains Enterprise Activation Programme. Governor Babajide Sanwo-Olu, at the kick off of distribution yesterday, described the intervention as a demonstration of his administration’s commitment to the development, expansion and growth of agriculture in Lagos State. According […]
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Oyo State Governor, Seyi Makinde When the Oyo State Government distributed cassava seeds and other inputs as part of their COVID-19 intervention support plan, their action was mocked by some as being cheap and unimaginative. Some people could not understand why cassava stems were being used as input support. However, what many did not realise […]
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