January 2024

Global Oil and Gas Spending Hits $1.1Tn in 2022/23

Global oil and gas spending for 2022 and 2023 has been revised upwards, with investment set to hit $1.1 trillion driven largely by energy security concerns following supply challenges caused by the Russian-Ukraine war, according to energy market intelligence firm Rystad Energy. Prior to the Russian-Ukraine war, Rystad Energy predicted global investments in oil and …

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FG trains 80 farmers in maize production in Southern region

By Chinedu Adonu | Vanguard The Federal Government of Nigeria, through its Ministry of Agriculture and Rural Development, FMARD, on the weekend concluded training of 80 farmers on maize production in Southern parts of the country. The participants were trained on the new farming techniques of cultivating maize to increase the production of maize in …

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Nigeria imports N2.7tn sugar as government master plan stalls

Edidiong Ikpoto | PunchDespite committing over N170bn to boosting self-sufficiency in sugar production, Nigeria spent about N2.7tn on raw sugar imports during the decade-long period of the National Sugar Master Plan. The National Sugar Master Plan has its origin in a 2008 Federal Government directive asking the National Sugar Development Council to develop a roadmap …

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WASTE RECYCLING

The basic phases in recycling are the collection of waste materials, their processing or manufacture into new products, and the purchase of those products, which may then themselves be recycled. Typical materials that are recycled include iron and steel scrap, aluminum cans, glass bottles, paper, wood, and plastics. According to the Federal Ministry of the …

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Nigeria Honey Processing Market

Introduction:The Nigerian honey processing market is experiencing significant growth due to the increasing demand for high-quality honey products. This market intelligence report aims to provide an overview of the current state of the honey processing industry in Nigeria, including market trends, key players, challenges, and opportunities. Market Overview:2.1 Market Size and Growth: The Nigerian honey …

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HABANERO PEPPER

Habanero pepper is a type of chili pepper that is native to South and Central America, specifically to the Amazonas region. It is one of the hottest peppers in the world, with a Scoville heat unit (SHU) rating ranging from 100,000 to 350,000. This makes it significantly hotter than other commonly used peppers such as …

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MANGO PROCESSING

Mangoes are processed into purée for re-manufacturing into products such as nectar, juice, squash, jam, jelly and dehydrated products. The purée can be preserved by chemical means, or frozen, or canned and stored in barrels. Nigeria is ranked the world’s 10th largest producer of mango, about 850,000 metric tonnes of the fruit are produced yearly, contributing about three …

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Farmers decry government’s poor response to flood warnings

Farmers have decried the government’s complacency and poor response to the warnings on flooding, especially as it affects food production in Nigeria. The Nigeria Meteorological Agency (NIMET), in its 2023 Seasonal Rainfall Prediction had warned that rainfall would be earlier than normal in most parts of the country. NIMET’s Director General, Mansur Matazu, noted that …

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14,155 farmers in 6 States benefit from LIFE-ND – MTR

Gabriel Ewepu | VanguardAS agribusiness takes centre stage in the economy, a Mid Term Review, MTR, on the Livelihood Improvement Family Enterprises in the Niger Delta, LIFE-ND, yesterday, revealed that 14, 155 farmers in six States have benefited from the programme.This was disclosed by the Country Director, International Fund for Agricultural Development, IFAD, Dede Ekoue, …

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Surviving 24% Inflation: Strategies for Individuals in Nigeria

Inflation, characterized by a sustained increase in the general price level of goods and services, can pose challenges for individuals and households, impacting purchasing power and financial stability. This article provides practical strategies for navigating and mitigating the effects of 24% inflation in Nigeria. 1. Budgeting and Financial Planning:   – Review and adjust your budget …

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