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Cocoa prices are projected to exceed $10,000 per tonne due to investments in lab-grown alternatives. The Cocoa and Coffee Farmers Alliance Association of Africa warns this shift may neglect smallholder farmers.
The UNHCR and TGI Group have partnered to create over 10,000 jobs for displaced Nigerians, benefiting more than 5,000 farmers in Benue and Cross River States. This three-year initiative aims to enhance livelihoods and support local communities.
Severe flooding and storms have devastated agriculture and businesses in Ebonyi communities, submerging farmlands and destroying crops. The damage is estimated to be worth millions of naira.
Nasarawa's $400 million initiative aims to position Nigeria as Africa's leading hub for critical minerals. The federal government has praised the firm for its environmentally friendly measures.
The IMF reports that Nigeria's currency reforms have revitalized its monetary policy, improving inflation dynamics. These changes have restored effectiveness after years of distortions caused by multiple exchange rates.
Motorists in the FCT are frustrated with high petrol prices that have not decreased despite falling global oil rates. Many filling stations have not adjusted their prices accordingly, leading to public outcry.
Africa's annual fuel expenditure surpasses $150 billion, highlighting the financial burden on drivers. The rise of electric vehicles (EVs) is seen as a solution to reduce these costs significantly.
Governor Babajide Sanwo-Olu has announced that Lagos is set to become Africa's leading geo-economic hub. He emphasized the city's potential in trade, infrastructure, and technology to enhance prosperity in Nigeria and beyond.
Chima Anyaso urges global financial institutions to reassess capital accessibility for Africa. He advocates for a shift from 'Rule of Law' to 'Rule of Justice' in global finance.
June 12 is celebrated as a pivotal date in Nigeria's democracy, emphasizing the importance of economic growth and sustainability. The focus is on leveraging the digital era to advance development in the country.
Nigeria has secured a €200 million loan from the European Investment Bank and the Development Bank of Nigeria to support green growth and digital initiatives. This partnership aims to enhance small-scale investments across the country.
Stakeholders in West Africa's fisheries management are urged to strengthen partnerships for sustainable solutions. The focus is on ensuring a resilient future for communities dependent on fishing.
Experts in the food sector are urging businesses and policymakers to view gastronomy as a vital driver of national development. They emphasize its potential beyond just culinary art, advocating for its recognition in economic strategies.
Anambra State has invested N80 million in 80 startups and graduated 400 professionals to boost its tech sector. Governor Soludo emphasizes this initiative as a strategic move to transform the state into Africa's Silicon Valley.
Nigeria's industrial policy has achieved notable success, mobilizing $380 million in just the first 90 days. This progress reflects a positive trajectory for the country's industrial sector.
Nigeria's external reserves have reached $51.04 billion, marking a significant milestone for the Central Bank of Nigeria. However, the naira has weakened across foreign exchange markets due to declining liquidity.
Rivers State Governor Siminalayi Fubara has reaffirmed his administration's commitment to fostering a business-friendly environment. The focus is on transparency and inclusivity to drive economic growth in the region.
Iraq has announced that its oil production is set to return to pre-war levels within two months. This development is expected to stabilize the global energy market affected by previous disruptions.
The National Agricultural Development Fund (NADF) and the National Root Crops Research Institute (NRCRI), Umudike, have launched the Ginger Value read more Nigeria eyes FX boost with ginger value chain recovery program
In a related development, troops said they responded to another terrorist attack at Chohi Village on 18 June 2026, where armed terrorists attempted to abduct farmers working on their farmlands. The post Troops Foil Terrorists Kidnap Attempt, Rescue 22 Victims In Sokoto appeared f...
The National Agricultural Development Fund and NRCRI have initiated a program to revive Nigeria's ginger industry following a severe blight epidemic. This initiative aims to restore the sector's productivity and support local farmers.
The Nigerian government has secured fertiliser supplies for the 2026 wet farming season through early procurement. This strategy helped stabilize prices amid geopolitical tensions in the Middle East.
Nigeria’s banks increased their spending on information and technology (IT) by 30.8 percent in the first quarter of 2026, driven read more Banks ramp up digital push as IT spending rises by 31%
The inaugural Afretrade Entrepreneur’s Festival (TAEF 2026) recently held at the Eko Hotel & Suites, drawing a gathering of global read more Landmark Initiatives unveiled at TAEF 2026 to connect African SMEs to global markets
Petrol imports in Nigeria surged by 59.5% in May, despite the Dangote Refinery not exporting any PMS. Domestic refineries also experienced a decline in crude receipts by 5.6% month-on-month.
Economic sovereignty can drive development through capability-building and effective technology transfer. Countries are re-evaluating their approaches to ensure they harness technology for growth.
The Nigerian government highlights the Fast-Moving Consumer Goods (FMCG) sector as essential for achieving a $1 trillion economy. This focus aims to bolster economic growth and development in the country.
Dr. Rabiu Olowo of the Financial Reporting Council emphasizes the need for robust institutions to promote sustainable economic development in Nigeria. His call highlights the importance of institutional strength in achieving long-term economic goals.
Nigeria's economic landscape is becoming more challenging for investors due to inflation, currency fluctuations, and global uncertainties. This complexity requires a reevaluation of traditional investment strategies.
Economists attribute Nigeria’s N15.8tn revenue in early 2026 to tax reforms and improved oil sector earnings. Discover the impact of these changes on Niger