FEPSAN’s Fertiliser Revolution and Securing Nigeria’s Food Future ‎By Zekeri Idakwo ‎For nearly two decades, the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) has quietly led one of the most consequential revolutions in Nigeria’s agricultural space. ‎In a country that once struggled with fertilizer scarcity, high...

Investments In FG’s Treasury Bills Weaken, Sales Fall 19% To N1.35trn       Investors’ interest in the Federal Government’s monetary instrument, the Nigeria Treasury Bill (NTB) has recorded a significant decline with 19 per cent, year-on-year, YoY, decline in sales to N1.35 trillion in the first five...

N97.5bn Healthcare Intervention Funds Disbursed - CBN       The Central Bank of Nigeria says it has disbursed N97.4bn out of the N100bn credit intervention for the healthcare industry. The CBN disclosed this in the communique issued after the Monetary Policy Committee meeting on Tuesday. It said the intervention...

Fertiliser Imports Rise By 84% To N117bn       Despite various measures to encourage local production, a total of about N117 billion (or $247.91 million) was expended on fertiliser importation in the past year. Fertiliser imports increased by $37.71 million in 2019 to $247.91 million last year, representing...

DBN Gets Tripple “AAA” Long Term Rating from GCR Global Credit Ratings (GCR), one of the leading rating agencies in Africa, has assigned the Development Bank of Nigeria a “AAA” Long Term National Scale rating. GCR stated this on its website. The conferment, which is the...

NSIA Saves N133bn On Fertilizer Subsidy       The Nigerian Sovereign Investment Authority (NSIA) has saved $350 million (about N133 billion) by cutting subsidy payments and import substitution after it began implementing the Presidential Fertilizer Initiative. In a statement by the Authority, after four years of the PFI,...