Agro Business

GTCO Food and Drink Festival 2026 Presents “Everything Food and Drink”

Zichis Agro Allied Industries plans to raise N10bn capital through IPO - FinancialEDGE

The management of Zichis Agro Allied Industries has disclosed plans to strengthen shareholders value and market liquidity through a proposed Initial Public Offer (IPO) of up to N10 billion for its working capital. The proposed working capital also for the acquisition of an additional 1,000 hectares of land for oil palm expansion, development of an

Sterling Bank Leads Africa’s Green Revolution… …with Agriculture Summit Africa 2025 - FinancialEDGE

Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa (ASA) 2025, the continent’s foremost platform for advancing sustainable and inclusive agricultural transformation, returns under the bold theme ‘Survival of the Greenest: Reclaiming Africa’s Food Destiny’. Scheduled for November 6–7, 2025, at the Transcorp Hilton, Abuja, ASA 2025 is set to spotlight financing pathways to drive

Nirsal Unlocks N70bn In Financing For Agriculture In 2025, Strengthening Its Role In Supporting Food Security And Economic Growth - FinancialEDGE

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over ₦70 billion in commercial financing for agribusiness as at Q3 2025, its strongest annual performance since inception. In operation since 2013, this result represents nearly a quarter of

Why Tinubu orders fresh push to crash food prices - FinancialEDGE

President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the country. The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this in Abuja. According to him, the directive focuses on ensuring safe passage of farm produce across transport

Zichis Agro Allied Plc Targets NGX Listing, Announces N30m Dividend Payout - FinancialEDGE

Zichis Agro Allied Plc has announced its intention to list on the Nigerian Exchange Limited (NGX), a move that is expected to further boost the company's growth and visibility. This development was disclosed by the company's Chairman, Hezekiah Oshaba, at the second Annual General Meeting (AGM) held in Lagos. In a show of confidence in

FG, Others Praise Moniepoint for Digitalizing Payments, Empowering Smallholder Farmers in North East - FinancialEDGE

The Federal Government has commended Moniepoint Inc for its transformative role in Nigeria's agricultural sector, particularly in showcasing the resilience of the Northeast's agricultural value chain and empowering smallholder farmers through innovative digital payment solutions. Dr. Tope Fasua, Special Adviser to the President on Economic Affairs in the Office of the Vice President, praised the

FirstBank Agric and Export Conference: Charting a New Course for Non-Oil Exports - FinancialEDGE

FirstBank, the premier West African financial institution and financial inclusion service provider is proud to announce the 2025 edition of the FirstBank Agric and Export Conference themed “The Fundamentals of Building a Non-Oil Export Driven Economy“, which will take place on Tuesday, August 19, 2025, at the Eko Convention Centre. Building on the momentum of previous

Minister Commends Dangote Cement for Farmers’ Empowerment Initiative - FinancialEDGE

Minister of Solid Mineral Development, Mr. Dele Alake has lauded the management of Dangote Cement, Ibese for its contributions to the development of its host communities saying its many social investments have succeeded in fostering economic development and social cohesion in the communities. The Minister who spoke through the Mines and Environment Compliance Officer

NIRSAL to Unlock $2.5bn FDI in Livestock Sector through Capacity Development - FinancialEDGE

In a bold move to position Nigeria as a leading supplier of quality beef to domestic and global markets, NIRSAL Plc, with support from the Federal Ministry of Livestock Development, has launched a Feed lot Management Training Program aimed at preparing the country’s livestock value chain actors to tap into the $2.5 billion Foreign Direct

Dangote Food Intervention is Timely, Appropriate – Governor Fintiri - FinancialEDGE

Aliko Dangote’s philanthropic efforts towards vulnerable individuals across the country have been commended by the Governor of Adamawa State, Ahmadu Fintiri. Over one million Nigerians nationwide will receive a 10kg bag of rice each. Fintiri stated that the National Food Intervention Programme of the Aliko Dangote Foundation has brought joy to 35,000 people in Adamawa

Nigeria’s Cocoa Sector Gets $40.5m Boost from Johnvents Group and BII Partnership - FinancialEDGE

Johnvents Group (Johnvents) an agribusiness and manufacturing conglomerate, recognised as a leading player in Nigeria’s cocoa processing and export sector, has announced a landmark partnership with British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. This collaboration will support one of Johnvents Group’s subsidiaries, Premium Cocoa Products, Ile-Oluji to increase production

Oyo RAAMP Signs N16bn Contract for Construction of 68km Road Project - FinancialEDGE

The Oyo State Rural Access and Agricultural Marketing Project (Oyo RAAMP) has successfully signed a contract agreement worth N16,273,711,608.09 for the construction of about 68km rural roads under phase 1 of the intervention project. The contract signing event which took place at the Ministry of Agriculture and Rural development, Ibadan- the Supervisory Ministry of Oyo

Mitigating Food Crisis: Conlek CEO, Oluwaleke Toba, Speaks On Proposed 2025 African Regional Conference - FinancialEDGE

As part of efforts to mitigate food scarcity, drought and to equally reverse struggles to cope with climate crisis and global economic downturn, local and international experts have expressed readiness to work out modalities on how to bring new lease of life to Nigerians and by extension, Africans. These experts through their collaborative and

Nigeria Advances Agricultural Transformation Through Digital Innovation - FinancialEDGE

As part of its commitment to enhancing agricultural productivity and fostering food security in Nigeria, the Bill & Melinda Gates Foundation (BMGF), in partnership with the African Forum for Agricultural Advisory Services (AFAAS), hosted a stakeholder convening to validate plans for a transformative PPP DAES solution. The event, held on December 17, 2024, at the

Okomu Oil Palm’s Q3 Profit Soars 72.5% on Naira Devaluation, Revenue Growth - FinancialEDGE

Okomu Oil Palm Plc has released its Q3 2024 unaudited financial results, reporting a 72.5% year-on-year increase in standalone earnings per share (EPS) to ₦8.54. The company's revenue grew by 44.4% year-on-year, driven by export sales (+49.8% y/y) and local sales (+38.4% y/y). Naira devaluation positively impacted Crude Palm Oil (CPO) prices, contributing to the

Stanbic IBTC Bank charts new frontiers in Nigeria’s agricultural terrain - FinancialEDGE

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, reaffirmed its commitment to transforming the nation’s agricultural sector by providing access to finance, infrastructure, capacity building, and technology. The bank made this announcement during its 2024 Agribusiness Breakfast Summit, which was themed "Driving economic transformation through agro-processing: Building a sustainable future." The summit featured panel

Stanbic IBTC reinforces commitment to Agriculture through partnership with BATN Foundation for its Lagos Farm Fair - FinancialEDGE

The Lagos Farm Fair implemented by the British American Tobacco Nigeria Foundation (BATN) in partnership with Stanbic IBTC Holdings, represented yet another significant step forward in establishing a sustainable and thriving agricultural landscape in Lagos. Held at the Police Grounds on Oba Akinjobi Way, GRA Lagos, the fair attracted a diverse and impressive crowd. Participants

Agricultural Productivity: Nirsal Plc Empowers Over 2,000 Farmers In 4 States - FinancialEDGE

NIRSAL Plc has completed a midyear training programme for lead farmers and extension agents in the Aquaculture and Cassava value chains across locations in Imo, Sokoto, Kwara, and Oyo States. The programme, aimed at boosting farmers’ capacities to access and repay commercial loans, had over 2,000 participants, with state government representatives also in attendance. As

Revolutionizing Nigeria’s Agri-Food Sector: The Origin Tech Group Impact - FinancialEDGE

According to the Food and Agricultural Organisation (FAO), one of Africa’s most pressing agricultural concerns revolves around meeting the nutritional needs of its rapidly expanding population, projected to swell to 398 million by 2050. To satisfy this growing demand for food, agricultural output must escalate accordingly. Nigerians, as a critical mass and a subset of

N17bn Debt: GTBank Drags Afex, 13 Banks, and 60 Executives to Court - FinancialEDGE

Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor Borrowers Programme loan lingers. The 60 executives including the chairmen, chief executive officers, directors, and company secretaries of the 13 banks are facing contempt proceedings

IPDM Condemns Killings in Ifeland, Sues for Peace - FinancialEDGE

The Ifeland Peace and Development Movement, IPDM, a voluntary non-aligned group of professionals and businessmen and women who are indigenes of Ile-Ife and Modakeke has condemned the recent killing of farmers last week in Ife land villages around Toro, Aba Panu, Wanisani villages by criminals pretending to be representing community interests. In a release issued

CBN Hands Over 2.1m Bags of Fertiliser to Agric Ministry - FinancialEDGE

The Central Bank of Nigeria (CBN) on Wednesday in Abuja handed over 2.1 million bags of fertiliser to the Federal Ministry of Agriculture and Food Security for onward distribution to farmers ahead of the wet season farming. The CBN in a post on its X handle (Formerly Twitter) said the decision reinforces the critical need

Quarantine Service Moves against Unauthorised Exports of Agro Commodities - FinancialEDGE

Determined to support the federal government’s efforts to stabilise food prices and ensure food security in the country, the Nigeria Agricultural Quarantine Service (NAQS) has embarked on a nationwide crackdown on the smuggling and hoarding of agricultural commodities by dealers. The acting Comptroller General, NAQS, Dr Godwin Sunday Audu, therefore, urged the public to report

Hunger Crisis: Nigerian Red Cross Society and Ecobank Nigeria Join Forces For Critical Intervention - FinancialEDGE

The Nigerian Red Cross Society (NRCS) and Ecobank Nigeria have joined forces in a groundbreaking partnership aimed at tackling the severe hunger crisis ravaging Nigeria. The launch event, held at the Exclusive Serene Hotel in Abuja, marked the beginning of a critical campaign for local resource mobilization to support the Nigeria Hunger Crisis Appeal.

FG To Convenes Emergency Meeting Over Address Rising Food Prices 

The federal government has convened an emergency meeting to address the spate of protests in some parts of the country following the rising cost of food nationwide. The meeting, held at State House on

British International Investment supports Nigeria’s agricultural sector with commitment to Valency International

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced it has signed legally binding documents to invest US$15m in equity int

FG to Subsidise Agricultural Inputs by 50%

The federal government, through its Ministry of Agriculture and Food Security, has announced plans to subsidise agricultural input by 50 per cent in the 2023/2024 dry season farming. The Minister of A

Unity Bank Holds 10th Edition of Corpreneurship Challenge; Agropreneurs, Others Win N10M Business Grant 

Retail lender, Unity Bank Plc has extended N10 million business grant to 30 members of the National Youth Service Corps, NYSC, who took part in the 10th edition of the Bank’s flagship Entrepreneurship

ASA 2023 Wraps Up With Winners In Inaugural AgroPitch

Five winners emerged in the grand finale of the 2023 edition of Sterling’s Agriculture Summit Africa. This year’s edition, which featured a pitch competition called AgroPitch, saw Green Republic Farms

BII Commits US$26.5M To AFEX To Address Food Security In Nigeria, Kenya and Uganda

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform,

Sterling Commits N1 billion to Agro-Innovators for ASA 2023

Agric Summit Africa (ASA), known for its significant contributions to the agriculture sector, proudly announces the forthcoming 5th edition of its annual event. This year’s event, themed “

Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps”

Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stre

Vice Chancellors Hail Dangote’s Impact on Nigeria’s Agricultural revolution - FinancialEDGE

President of Dangote Group, Aliko Dangote has been hailed as a foremost entrepreneur whose laudable interventions in the agricultural sector in Nigeria should be applauded and emulated by others. Many Nigerian University Vice Chancellors, under the auspices of Committee of Vice-Chancellors who were at the Dangote Fertiliser plant on a familiarisation visit over the weekend,

 Ecobank Restates Commitment To Empowering Youths for Agribusiness Development

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and tr

Sterling Bank Promotes Renewable Energy-Powered Agriculture with Fresh AATIF Fund

Nigeria’s leading financial institution, Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by l

Stanbic IBTC Lauded for Continued Support For Agribusinesses

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been recognized for its continued financial support to players in the agricultural sector in Nigeria. Sayed Farms Limited, producer and di

Ecobank collaborates with IITA to train, support 16,000 youths on Wealth Creation through Agriculture

Ecobank Nigeria Limited said it is partnering with the International Institute of Tropical Agriculture (IITA), to train and also provide support services to 16,000 Nigerian youths on wealth creation t

African Development Bank approves $50 million and EUR 50 million Trade Finance Transaction Line of Credit for ECOWAS Bank for Investment and Development (EBID) to enhance food security and boost agricultural value chains in the region - FinancialEDGE

The Board of Directors of the African Development Bank Group has approved a dual currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and EUR 50 million. An additional co-financing of $30 million for the credit line will come through the Africa Growing Together Fund (AGTF) from

Showcasing Young Tech Talent Delivering for African Farmers, Heifer International Selects ThriveAgric, DigiCow and Brastorne as Winners of  2022 AYuTe Africa Challenge

Heifer International  announced today the 2022 winners of the AYuTe Africa Challenge that supports agritech innovators: ThriveAgric of Nigeria, Kenya’s DigicCow and Botwana-based Brastorne Enterprises

African Development Bank to commit $10 billion to make continent the breadbasket of the world

The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Ban

Heritage Bank emerges 1st Institution to win CBN’s Best Supporting Bank with ABP Information

Heritage Bank Plc, one of Nigeria’s most innovative service providers, has emerged as the first financial institution in Nigeria to win the “Best Supporting Bank with Central Bank of Nigeria’s Informa

AFEX Commodities Exchange Projects Rice, Maize To Slump By 11.5%

The Nigerian commodities market player, AFEX has projected an average decline in production of up to 11.5 per cent across commodities like maize, paddy rice, sorghum, and cocoa. AFEX revealed this on

Sterling Reaffirms Commitment To Agriculture At Fifth ASA

Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion

Massive opportunities remain in agric – Sterling Bank Chairman

Sterling Bank Plc, Nigeria’s leading commercial bank, has said there are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard, with a clear

African Development Bank Provides $5.76 Million To Boost Food Production

The board of directors of African Development Bank Group (AFDB), has approved a $5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move c

WACOT Rice Limited Takes Over Management of Imota Rice Mill

On the basis of its competence and efficiency, the Lagos State Government signed a partnership deal with one of the leading rice-producing companies in Nigeria, WACOT Rice Limited, to manage the state

Nestlé launches Nescafé Plan 2030 to help drive regenerative agriculture, reduce greenhouse gas emissions and improve farmers’ livelihoods

Nescafé, Nestlé’s largest coffee brand and one of the world’s favorite coffees, outlined today its extensive plan to help make coffee farming more sustainable: the Nescafé Plan 2030. The b

Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi - FinancialEDGE

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited - a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas - Argungu, Augie, Suru,

Nigeria’s cashew earnings hit N192bn … target $4bn

Nigeria’s annual earnings from the production and sale of cashew increased to about $450m or N192.64bn (as at Monday’s official exchange rate), the African Cashew Alliance and the Federal Government s