ONE OF NIGERIA’S OLD COCOA PROCESSING FIRMS HEADING FOR BANKRUPTCY WITH N16.9 BILLION LIABILITY

One of Nigeria’s oldest cocoa processing companies, FTN Cocoa Processors Plc incorporated appears headed for bankruptcy, as its liability is said to have exceeded its assets. The company, which was established in 1991 as Fantastic Abiola Nigeria Limited, but was later re-christened Fantastic Traders Nigeria Limited on August 26, 1998. The company’s core activities are…

Read More

OGUN STATE REGISTERS ADDITIONAL 100,000 FARMERS IN IT’S INFORMATION MANAGEMENT SYSTEM 

The Ogun State Government has announced plans to register an additional 100,000 farmers under the Ogun State Farmer Information Management System (OGFIMS). That brings the total number of registered farmers to 160,000. Commissioner for Agriculture, Hon. Bolu Owotomo made this known during the OGFIMS workshop on Farmers and Value Chain Actors’ registration exercise at the…

Read More

HYPREP BOSS SAYS MANGROVE CONSERVATION REQUIRES SUSTAINED EFFORTS

As the world marks International Mangrove Day, the Hydrocarbon Pollution Remediation Project (HYPREP) has emphasised the need for continued commitment from stakeholders to ensure the long-term health and resilience of mangrove ecosystems in Ogoniland and the Niger Delta. HYPREP Project Coordinator Prof. Nenibarini Zabbey outlined essential strategies for effective mangrove conservation, saying, Promoting sustainable practices…

Read More

POULTRY ASSOCIATION PRESIDENT RAISES ALARM OVER THE HIGH COST OF MAIZE AND SOYABEANS ON THEIR BUSINESS

The President Poultry Association of Nigeria (PAN), Chief Sunday Ezeobiora has expressed concerns over the detrimental impact of the record-high prices of maize and soybeans on the Nigerian poultry industry. He said the consequences of the high cost include a significant job losses. He said this was because two crucial ingredients in the formulation of…

Read More