FG To De-risk Cashew Value-chain To Boost Production, Export   The federal government has taken immediate steps to maximise and harness the full economic potential inherent in cashew export. The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, said even though Raw Cashew Nut...

MAN Production Value Hits N3.99trn In H1, 2022     The Manufacturer Association of Nigeria (MAN) has said that its production value has recorded a 9.00 per cent increase to N3.99tn in the first half of 2022. The Executive summary of H1 2022 Economic Review report of the...

Oil Hits $80 As OPEC+ Okays Another Production Boost     The international oil benchmark, Brent crude, rose to the $80 per barrel mark on Tuesday after the Organisation of the Petroleum Exporting Countries and its Russia-led partners approved another 400,000-barrels-per-day hike in production quotas. Brent, against which...

Oil Hits $40 As Nigeria Cuts Production By 216,000bpd   Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose to $40 per barrel for the time since March. Brent crude rose by 43 cents, or 1.1...

Oil Crash May Warrant Production Halt - NNPC   Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in production, the Nigerian National Petroleum Corporation has declared. On Tuesday, global oil price benchmark, amid the demand collapse...

Shortfall In Tomato Production Now 700,000MT     The shortfall in the production of tomato in Nigeria currently stands at 700,000 metric tonnes, the National Horticultural Research Institute has declared. According to the institute, Nigeria currently produces 2.3 million metric tonnes of tomato in contrast to 1.8 million...