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Nigeria records significant rise in rice production: president-

The Central Bank of Nigeria has stated that farmers who default in paying back loans gotten from the Anchor Borrowers'

Agriculture. Photo; PEXELS As a young child growing up, I have been made to believe that agriculture is the mainstay of Nigeria’s economy. From my secondary school Economics class to Agricultural Science class, it’s the same song. We were taught that agriculture is by far the most important sector of Nigeria’s economy, engaging about70% of the labour force. Despite the supposed importance of agriculture, none of us was interested in becoming a farmer! In debate competitions, those who argued in favour of ‘Doctors are more beneficial to the society than farmers’ always carried the da...

Nigeria’s animal feeds manufacturer earnings Quality Drop as Revenue, Profit Jump In 2020, Livestock Feeds Plc. –pioneer manufacturer of animal feeds in Nigeria– recorded its highest revenue on records since the financial year 2014, analysts at Meristem Securities said in a report. However, the company’s earnings quality drop following a strong increase in inventories and receivables at the time when the company reported raised animals feeds prices amidst jumping headline inflation rate. For 19 consecutive months, the average increase in the general price level has maintai...

Nigeria targeting self-sufficiency in maize production by 2022: central bank chief Must read Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. ABUJA, May 11 — Nigeria aims to attain self-sufficiency in the production of maize by 2022, given a remarkable increase in the output over the past six years, the country’s central bank chief said Thursday. At the launch of the 2021 maize wet season farming and first maize pyramid in Nigeria, Godwin Emefiele, governor of the Central Bank of Nigeria, tol...