Nigeria’s agricultural sector drew $167.25m in capital inflows in 2025, reflecting cautious but increasing investor interest in the key sector, according to the National Bureau of Statistics (NBS). Capital inflows into the agricultural sector fluctuated over the year, underscoring both opportunities and structural constraints. The sector attracted $24.15m in Q1, surged to $67.2m in Q2,…
Environmental and public health advocates have renewed calls for Nigeria to halt the approval and deployment of genetically modified organisms (GMOs), warning that the country risks exposing citizens and the environment to potential long-term harm without adequate scientific evidence of safety. In a strongly worded intervention, environmental activist and Executive Director of the Health of…
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have established the Sugar Project Acceleration Fund (SPAF) as part of efforts to support the emergence and advancement of greenfield projects across the country. The N10bn Fund was introduced to provide financing and project development support to viable greenfield projects towards accelerating the…
Presco Plc has acquired 10,000 hectares of plantation assets across the Nsadop and Boki estates in Cross River State, in a move to significantly expand its production footprint and reinforce its leadership position in Nigeria’s palm oil industry. Announcing the transaction in a notice to NGX seen by the company described it as a major…
The Federal Government has given the green light for the development of the Bakassi Deep Seaport, a strategic project expected to strengthen Nigeria’s blue economy and maritime sector. The Minister of Marine and Blue Economy, Adegboyega Oyetola, presented the project’s certificate of compliance to the Governor of Cross River State, Senator Bassey Otu, signaling a…
The Minister of State for Industry, Senator John Owan Enoh, has commenced a series of strategic inspections of sugar projects across the country. These strategic visits which began with the Lafiagi Sugar Company (LASUCO) in Kwara State, are in line with President Bola Tinubu’s directive to concerned officials for the acceleration of Nigeria’s attainment of…
Nigeria’s headline inflation rate declined to 14.45 per cent in November 2025, signalling a sustained moderation in price pressures and reinforcing expectations that recent monetary tightening and foreign exchange reforms by the Central Bank of Nigeria (CBN) are beginning to yield results. The figure represents a 1.6 percentage-point drop from the 16.05 per cent recorded…
The Sokoto State Government has inaugurated a modern onion cold-storage facility as part of an effort to boost the state’s agricultural economy. The project, developed in partnership with the Ministry of Finance Incorporated, is designed to reduce post-harvest losses, increase storage capacity and enhance profitability for thousands of onion farmers in the region. Governor Ahmed…
Celebrations during the Christmas season promise to be pocket friendly. This is because food items and condiments may not be as expensive as they were last year. This assurance came from the Tomatoes Growers and Processors Association of Nigeria. The association predicted an increased supply of the produce ahead of Christmas and New Year celebrations….
The National Agency for Food and Drug Administration and Control (NAFDAC) has secured full membership of the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) NAFDAC described this as a major leap in the nation’s regulatory advancement. NAFDAC was formally admitted as a full member during the ICH Assembly meeting…
