NIGERIA: Loan Support to Farmers Drops by 8%

An agricultural development bank under the Central Bank of Nigeria (CBN) called the Agricultural Credit Guarantee Scheme (ACGS) dropped by eight percent in loan support in eleven months. It was stated that the number of loans available to farmers under the Agricultural Credit Guarantee Scheme has drastically sloped down by 8 per cent dropping from… Continue reading NIGERIA: Loan Support to Farmers Drops by 8%

NIGERIA: Rice Import Falls by 3.7 MMT

The Nigerian Export Promotion Council has disclosed that the country’s rate of importing foreign rice has fallen by 3.7 million metric tonnes. The Chief Executive Officer of Nigerian Export Promotion Council, Mr. Segun Awolowo stated that rice production has reached 4.9 million metric tonnes, therefore, importation of rice into the country must have slipped down… Continue reading NIGERIA: Rice Import Falls by 3.7 MMT

NIGERIA: Crude Oil Production Declines

Nigeria‚Äôs Petroleum Productions which remain at 1.664 million barrel per day last year in November, it also stood at 1.570 million barrel per day in December 2019 has now moved downwards to drop at 95,000 barrel per day. As the market price of Bonny Light Crude Oil increases to $65.31 per barrel in the International… Continue reading NIGERIA: Crude Oil Production Declines