Corn prices make small price gain, rising 0.13% to $385.50
Businessam Staff
March 5, 2018
By Temitayo Ayetoto Corn prices made a slow start in early trading today rising 0.13% to $385.50. The commodity which has remained flat at $385.0000 for some days managed a little pace up at $385.50 in about 10 hours, the global trading chart indicated. With trading volume at 60,854, the price continued to dangle as […]
Dangote inaugurates multi-billion naira rice processing plant in Jigawa
Businessam StaffMarch 1, 2018
The Dangote Rice Out-grower Scheme in Jigawa State reached a turning point Thursday when Aliko Dangote, president of Dangote Group, laid a foundation stone for the construction of a multi-billion naira rice processing mill in Hadin, Jigawa State. The mill, with capacity to process 16 metric tons of paddy rice per hour, will process N14 […]
Appetite for sushi, hummus boosts Nigeria sesame seed export
Businessam StaffFebruary 14, 2018
A burgeoning global demand for sesame seed for hummus, toppings on sushi, health foods and confectionery, is boosting output in Nigeria and spurring expansion in the world’s third-biggest producer. Production of the tiny seeds, easily recognizable on bread rolls, is expected to grow 40 percent in Nigeria in the 2017-18 season, according to Sheriff Balogun, […]
Corn trouble ahead for Nigeria as imports, pest-threatened harvest set to fall by 750,000 metric tons
Businessam StaffFebruary 1, 2018
Nigeria faces corn harvest troubles in the 2017-2018 agriculture season as a result of increasing threats by pests and cheap imports which could see output fall by as much as 750,000 metric tons, information made available by a farmers union has indicated. Nigeria, which has the highest population in Africa, is now estimated to produce 10 […]
Rice farmers body commences registration of 2,000 rice farmers in Daura, Nigeria under CBN programme
Abdulrafiu EdidiJanuary 29, 2018
Rice Farmers Association of Nigeria (RIFAN), Daura Local Government chapter, Katsina state, has begun the registration of 2,000 large scale rice farmers under the Central Bank of Nigeria (CBN) anchor borrowers’ programme. Nura Baure, the chairman of the association said Monday that with the farming scheme, the farmers would be provided with sufficient farming inputs […]
African fruit producers, exporters form association to defend their interests
Businessam StaffJuly 20, 2017
Several African fruit producers and exporters have come together to create the first Pan-African Association, AFRUIBANA, in defense of their interests. The association, established under Cameroonian law, gathers representatives of fruit producers and exporters from different sub-Saharan countries, including Assobacam, the Cameroon banana industry association, and OBAMCI, an Ivory Coast organisation of producers and exporters […]