First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have unveiled a N20 million Agritech investment scheme aimed at unblocking the full potential of Nigerian agribusiness ecosystem. Themed ‘FCMB–FMO AgriTech Investment Readiness Programme 2025,’ the initiative will feature a competitive grant prize pool of N20 million, awarded to ventures recognised as best

In the industrial hubs of southern Nigeria, palm oil barrels are traded like high-stakes commodities. In one particularly vivid recounting, agribusiness expert John Dale, co-founder of StorGit, described exactly how lucrative this is: “A barrel of palm oil is now more expensive than a barrel of crude oil. We make 75–120% on average in palm

The federal government in partnership with the Leonard and Nkiruka Okonkwo Foundation (LANOF) and with support from the Heinrich Boll Foundation have launched the ‘Revised National Youth Manifesto In Agric, Youth in Agribusiness Call to Action 2025,’ aimed at raising a young generation of transformation leaders in Agribusiness. The launch, which took place in Abuja

Nigeria’s inability to grow tomatoes all year and carry out extensive research and development are major constraints to the nation’s tomato production. Nigeria could save millions of dollars spent on the importation of fresh tomatoes from neighbouring countries and tomato paste from Asia, create jobs for its teeming youths and reduce pressure on the naira

Governor Francis Nwifuru of Ebonyi State has approved the procurement and distribution of 13,000 bags of fertiliser to farmers across the state to curb food insecurity. Jude Chikadibia Okpor, the commissioner for information and state orientation, told journalists on Thursday during a press briefing. He said, “The executive council received a report on the commencement

Despite having the potential to create hundreds of jobs, Nigeria’s aquaculture industry is still largely untapped, and owing to this Africa’s biggest economy spends billions of naira yearly importing fish – an important source of animal protein and micronutrients. Aquaculture, also called fish farming or the breeding and harvesting of fish for commercial purposes is

THE Director-General of National Agricultural Biotechnology Development Agency (NABDA), Professor Abdullahi Mustapha has said that there are testimonies already from Nigerian farmers on the benefits of genetically modified crops. Professor Mustapha stated this on Friday at Biotechnology and Biosafety Sensitisation Workshop for senior editors in Abuja. He said farmers in Nigeria are maximising the potential

SCIENTISTS at the National Horticultural Research Institute (NIHORT), have detected a new virus disease attacking okra plants across Nigeria. Reports are being received from farmers across Nigeria concerning the new and uncommon virus-like symptoms on okra farms leading to rapid disease outbreak resulting in more than 70 percent loss of okra plants in certain situations.