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Russia-Ukraine War: Wheat Import to Africa Hits $20b

Russia-Ukraine War: Wheat Import to Africa Hits $20b As the war between Ukraine and Russia lingers, the cost of Africa’s dependency on wheat importation from Europe has risen to $20 billion. The increased dependency of Africa on the European market, including Nigeria that sources about 90...

Wheat Price Rises By 50% As Import Drops

Wheat Price Rises By 50% As Import Drops   The price of durum wheat has risen by 50 per cent since the start of 2022 and its importation has fallen by 16.09 per cent. This is because of the global scarcity of wheat caused by the Russian-Ukraine...

Bakery Operators Lament As Wheat Production Crashes By 89.4%

Bakery Operators Lament As Wheat Production Crashes By 89.4%   Local wheat production has fallen by 89.4 per cent, raising concerns by bakery operators over the rising cost of production. Wheat production in Nigeria has crashed by 89.44 per cent, dropping from about 350,000 metric tonnes annually...

Nigeria’ll Stop Wheat Importation Soon, Says Buhari

Nigeria’ll Stop Wheat Importation Soon, Says Buhari     President Muhammadu Buhari on Tuesday, said Nigeria would soon end the importation of wheat that is gobbling up $2bn annually. Buhari said this while launching rain-fed commercial wheat cultivation in Bassa Local Government Area of Plateau State. Represented by Plateau...

CBN To Place Wheat, Sugar On Forex Restriction List

CBN To Place Wheat, Sugar On Forex Restriction List     The Central Bank of Nigeria (CBN) is working to include sugar and wheat on the list of commodities that will be banned accessing foreign exchange (FX). CBN Governor Godwin Emefiele made this disclosure on Thursday in Awe,...

Nigeria Imported N2.2trn Wheat In Four Years

Nigeria Imported N2.2trn Wheat In Four Years       Nigeria imported N2.2 trillion worth of wheat in the last four years by the government, the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has disclosed. Nanono, who made the revelation as a guest of honour during a...