Tag: #Agribusiness
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COCONUT PROCESSING NOW AMONG NIGERIA’S MOST PROFITABLE AGRO-BUSINESSES — EX-LASCODA BOSS
A former Managing Director of the Lagos State Coconut Development Authority (LASCODA), Mr Dapo Olakulehin, says coconut processing has become one of Nigeria’s most profitable agro-processing businesses. Speaking in Lagos, Olakulehin said growing awareness of the health benefits of coconut products has continued to increase demand across the country. He noted that the coconut value…
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PRESSCO POSTS BIG GAINS: PROFIT SOARS 57% IN 2025
Presco Plc has reported a 57.1% jump in profit before tax to ₦177.9 billion for 2025, showing strong momentum in Nigeria’s edible oil sector. Profit after tax rose to ₦121.5 billion, while revenue surged nearly 60% to ₦330.6 billion, driven by improved efficiency and market demand. Gross and operating profits also recorded impressive growth of…
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BENUE’S “AGRIC GOLDMINE” + POULTRY WARNING: EXPERTS SOUND THE ALARM
A former president of the Nigerian Veterinary Medical Association, Charles Ibe, has urged Benue State to fully harness its rich agriculture and livestock sector, describing it as a “goldmine” capable of reducing dependence on federal allocations. Speaking in Makurdi, he highlighted crops like soybeans, cassava, millet, and sorghum as globally competitive assets, stressing that strong…
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COCOA BOOM: OSUN PLANTS 400,000 SEEDLINGS IN 3 YEARS
Governor Ademola Adeleke says Osun has planted 400,000 cocoa seedlings since 2023, distributing them to farmers at subsidised rates as part of a broader plan to reclaim its spot among Nigeria’s top cocoa producers. But it’s not just cocoa—80,000 cashew and 60,000 oil palm seedlings have also gone into the ground, signaling a strong diversification…
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₦472K BOOST: 100 ABIA YOUTHS, WOMEN GET AGRIBUSINESS START-UP CASH
The LIFE-ND has kicked off cash disbursement to agribusiness trainees in Abia State, with 100 beneficiaries receiving ₦472,000 each as start-up capital. The beneficiaries, drawn from a larger pool of 276, got their cheques in Umuahia after completing hands-on training in processing and marketing at incubation centres. State Project Coordinator Uchenna Onyeizu said more beneficiaries…
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NPRW 2026: AFRICA’S FOOD SECURITY VOICE TO HEADLINE KADUNA SUMMIT
The Nigerian Institute of Public Relations (NIPR) has unveiled Brylyne Chitsunge as the keynote speaker for Nigeria Public Relations Week (NPRW) 2026. The event, tagged “Croc City 2026,” will hold in Kaduna from April 19 to 25, bringing together top voices from across Africa and beyond to tackle a big issue: how communication can turn…
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KWARA, OLAM AGRI JOIN FORCES TO CUT FARM LOSSES
New partnership targets better storage, stronger markets and higher profits for thousands of farmers. The Kwara State Government has teamed up with Olam Agri to tackle post-harvest losses and improve farmers’ earnings across the state. Officials say poor storage remains a major challenge, so the partnership will focus on activating storage facilities to preserve crops,…
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LAGOS COURTS GLOBAL INVESTORS TO TRANSFORM AGRICULTURE
With a booming food market and rising demand, Lagos is calling on global partners to help unlock the real value in agriculture—beyond the farm. The Lagos State Government is pushing for stronger agro-investment partnerships to drive growth across the food value chain, saying the real opportunity lies after harvest—not just in production. Governor Babajide Sanwo-Olu,…
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COCOA CRISIS IN KOGI: FARMERS CRY OUT OVER PRICE CRASH
From boom to bust—Kogi cocoa farmers are struggling to stay afloat as prices tumble and losses mount. Cocoa farmers in Kogi State are raising alarm over a sharp drop in prices, urging government intervention to save their livelihoods and stabilise the sector. The state chairman of the All Farmers Association of Nigeria, Adobanyi Salihu, said…
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COCOA PRICE CRASH PUSHES FARMERS INTO DEBT, DESPAIR
From boom to bust, cocoa farmers across Southwest Nigeria are reeling as prices plunge—leaving many broke, discouraged, and abandoning farms. Cocoa farmers in Ondo, Osun, and Ekiti states are sounding the alarm over a massive crash in cocoa prices—one that has wiped out profits, deepened debt, and triggered fears of a looming crisis in the…
