Coffee, cotton, and cacao used to be significant cash crops that earned Nigeria millions of dollars in revenue in the 1960s and 1970s, but have failed, in the last decades, to attract the quality of investment it needs. The National Coffee and Tea Association of Nigeria (NACOFTAN) is embarking on the cultivation of 28,000 hectares…
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
Pascal Gabriel Dozie ,the founder of the defunct Diamond Bank Plc and former Chairman of MTN Nigeria, has died at the age of 85. The family sources, said that he died in the early hours of Tuesday, April 8, 2025, just a day before his 86th birthday, after a battle with an age-related illness. Dozie…
Dr Jumoke Oduwole, the Honourable Minister of Industry, Trade and Investment , says that the Federal Government of Nigeria will continue trading with America not minding the recent tariff measures announced by the Government of the United States of America which imposed a 14 percent tariff on Nigerian exports. In a Position Statement on U.S….
From the 80s up to the late 90s, Sokoto had many functional industries, which included the ceramics, tannery, furniture as well as fertilizer blending plants, among others… Governor Ahmed Aliyu has charged the Sokoto State Chamber of Commerce, Industries, Mines and Agriculture, with promoting the state’s potential to the outside world, especially in the areas…
In Africa, coffee accounts for approximately 12% of the global production. Image credit: Expressowork The government of Italy is making €15 million available to the United Nations Industrial Development Organization (UNIDO) for the promotion of sustainable coffee production in Africa. Ohibaba.com reports that the funding arrangement was signed recently by Debora Lepre, the Ambassador and…
The US President Donald Trump has slammed a 14 percent reciprocal tariff on all Nigerian goods entering the US as the much talked about “Liberation Day” tariffs comes into effect. Trump had said that countries would face a tariff rate at half the level they charge the US, as deemed by the White House, with…
The Association of Food, Beverage, Tobacco Employers (AFBTE) has requested the Standards Organisation of Nigeria (SON) to reduce the frequency of regulatory checking on their productions process . The AFBTE Chairman, Mr. Fred Chiazor, bore the minds of the member companies during a courtesy visit to the Director- General/Chief Executive of SON, Dr. Ifeanyi Chukwunonso…
A technical working group comprising the Financial Reporting Council and the Organised Private Sector, is being set up to address the concerns raised by Manufacturers Association of Nigeria (MAN), and the Nigeria Employers’ Consultative Association (NECA) on the 10 percent monthly default penalty imposed on non-listed companies by the Council. The Minister of Industry, Trade…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, warmly urges foreign cold storage infrastructure companies to come and invest in Nigeria’s cold chain sector and potentially reap the profits. Kyari made the call during the 7th West African Cold Chain Summit and Exhibition (WACCSE 2025) and the 10th Agrofood and Plastprintpack Nigeria exhibition…
