The Agricultural and Allied Group of the Lagos Chamber of Commerce and Industry (LCCI) has said Nigeria must invest at least $538 million every year for 10 years to grow …
Agriculture
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AFRICA NEWSAgricultureDevelopmentEconomyInfrastructureINVESTMENTNigeriaPoliciesSecurity
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AFRICA NEWSAgribusinessAgricultureEconomyFinance & ServicesINVESTMENTMarketsNigeriaWestern Africa
Presco Plc Records N93.8bn Revenue in Q1 2025, Up by 120% from Last Year
Presco Plc, one of Nigeria’s major palm oil producers, has reported strong financial results for the first quarter of 2025, showing significant growth across key performance areas. The company’s unaudited …
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AgricultureBusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyManufacturing
Dangote Sugar Plans 75,000 Jobs Despite N192.6bn Loss in 2024
Dangote Sugar Refinery Plc has announced plans to generate over 75,000 jobs within its sugar value chain as part of its long-term growth strategy, even as the company recorded a …
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AgricultureBusiness InsightsEconomyHealthcareInternational RelationsPoliciesSouth AfricaSpotlight
Tanzania Bans Food Imports from Malawi and South Africa Over Trade and Plant Health Issues
The government of Tanzania has stopped the importation of agricultural goods from both Malawi and South Africa with immediate effect. This decision was announced by the country’s Minister of Agriculture, …
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AgricultureEconomyPoliciesTravel & TourismUGANDA
Uganda Plans Bigger Budget for 2025/2026, Focuses on Farming, Tourism and Oil
Uganda’s government has announced a major increase in its proposed national budget for the 2025/2026 financial year. According to the Ministry of Finance, Planning and Economic Development, the new budget …
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AfricaAgricultureEconomyEnergyNigeriaOil & GasPolitics
Oil Price Crash Hits African Producers Hard, Pushes Diversification Debate
The global oil market is in crisis again. In April 2025, the price of Brent crude oil dropped by more than 20%, sinking below $70 per barrel for the first …
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AFRICA NEWSAgricultureBusinessBusiness InsightsEconomyINVESTMENTMarkets
Equatorial Guinea, Congo, and Burkina Faso Make Economic Moves to Attract Global Attention
Equatorial Guinea has caught the interest of international investors after securing an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, a notable achievement for the small oil-rich Central African …
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AgricultureBusiness InsightsEconomyGOVERNMENTNigeriaPolicies
FG Waives N97bn Food Import Duties, But Nigerians Say Prices Still High
The Federal Government has waived a total of N97 billion in import duties for essential food items like maize, rice, and sorghum between 2024 and the first quarter of 2025. …
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AgricultureEnvironmentGOVERNMENTHealthcareTravel & Tourism
Taraba State Government Partners with Africa Nature Investors Foundation to Strengthen Conservation Efforts
The Taraba State Government has formed a new partnership with the Africa Nature Investors (ANI) Foundation to protect the environment and boost eco-tourism in the state. This partnership was officially …
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AgricultureBusinessEconomyNigeriaTrade and Commerce
US report calls out Nigeria’s trade barriers, port corruption
The United States government has criticised Nigeria for delaying the approval of import permits for American agricultural products. In its 2025 National Trade Estimate Report on Foreign Trade Barriers, the …