Oil Palm Producers Seek N200bn Intervention Fund From CBN     To revamp the dwindling fortunes of the oil palm industry, the National Palm Produce Association of Nigeria (NPPAN) has called on the Central Bank of Nigeria (CBN) to set aside a minimum of N200 billion intervention...

Nigeria Spends $500m Yearly Importing Palm Oil - FG         Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was spending about $500m annually on oil palm imports. At the National Workshop on oil palm organised in...

Nigeria Spends $500m On Importation Of Palm Oil ― Emefiele   A whooping sum of $500 million of the country’s scarce foreign exchange is presently being expended annually on the importation of palm oil, the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has...

NGO Partners States To Boost Palm Oil Production   Solidaridad West Africa (SWA), an international non-governmental organisation is collaborating with four state governments toward the attainment of self-sufficiency in palm oil production in Nigeria. This would be achieved through the NGO’s National Initiatives for Sustainable and Climate-Smart...

In 5 Years, Palm Oil Imports Gulp N504bn   Importation of palm oil into the country gulped $1.4bn (about N504bn) in the past five years, investigation has shown. Global import data from the United States Department of Agriculture indicate that Nigeria imported a total of 2.04 million...

Malaysia, Importers Move Against Nigeria’s Palm Oil Market A report by Agro Nigeria has alleged that there is a conspiracy against Nigeria’s palm oil sector. The report specifically fingered the Malaysian government’s decision to suspend export taxes on crude palm oil for three months from January...