Presco Plc, Nigeria’s leading palm oil producer, is set to raise ₦100 billion in the first tranche of its ₦150 billion bond issuance programme. This marks the largest corporate bond issuance in Nigeria’s palm oil sector, with a seven-year tenure and a competitive yield range of 23.25% to 23.75%. The company, rated Aa by Agusto […]
Local tractor manufacturers in Nigeria have raised concerns over federal government policies they claim are undermining efforts to boost indigenous production. Despite a push to enhance the agricultural value chain and reduce reliance on imports, industry players argue that certain government actions are sabotaging these objectives. This tension is most evident in the country’s tractor […]
Nigerian cocoa farmers are facing a critical juncture as they grapple with the implementation of the European Union Deforestation Regulation (EUDR). To ensure sustainability and compliance with this stringent new law, farmers are urging the federal government for substantial financial support. The Cocoa Farmers Association of Nigeria (CFAN) has called on the government to revitalize […]
Amo Farm Sieberer Hatchery Limited’s subsidiary, natnudO Foods, has commissioned a new processing plant in Benin City, Edo State. This initiative is designed to empower local farmers and entrepreneurs, particularly women, to participate actively in the poultry industry and contribute to Nigeria’s food security. In collaboration with Heifer International Nigeria, natnudO Foods has launched the […]
The National Onion Producers, Processors, and Marketers Association of Nigeria (NOPPMAN) has reported severe losses in the onion industry, with over 50% of produce lost along the onion value chain. Speaking in Sokoto, Aliyu Maitasamu, who leads both NOPPMAN and the Regional Observatory of Onion Sector in West and Central Africa (ROO/WCA), highlighted multiple obstacles […]
