Novus Agro Nigeria Commodity Index (NANCI) is a weekly average price of key agricultural commodities in selected markets across Nigeria. Since its introduction in July 2011, Novus Agro commodity index has grown in popularity and now a very important tool for interested parties in identifying recurrent trends in agro commodities and markets. The Index is…
Capsicum also known as peppers is a genus of flowering plants in the nightshade family Solanaceae. Its species are native to the Americas, where they have been cultivated for thousands of years. Peppers are highly nutritious. They have more Vitamin C than an orange, and a typical bell pepper contains more than 100% of the…
Nigeria Incentive-Based Risk Sharing System for Agriculture (NIRSAL) says it has inaugurated the Project Monitoring Reporting and Remediation Office (PMRO) to support 225,000 farmers registered under the CBN’s Anchor Borrowers Programme (ABP) nationwide. The Managing Director/CEO of NIRSAL, Mr. Aliyu Abdulhameed in…
Cocoa is the seed of the cacao tree. The seed contains a lot of fat, and is used to produce cocoa butter. Cocoa butter is then used to produce chocolate. A cocoa tree takes between 3 -5 years to reach maturity and will produce cocoa pods over a 25 year period when properly managed. Young…
The Federal Government has commenced the process of moving the Universities of Agriculture away from the Federal Ministry of Education (FMOE), to the Federal Ministry of Agriculture and Rural Development (FMARD). In addition, it is also seeking the amendment of the Act establishing the Universities of Agriculture in…
The current wholesale price of maize (White and Yellow) from Gambaru Market Borno state is NGN15, 700 and NGN 15,000 respectively. In Ekpoma market and Ujemeh market both in Edo state, the maize (White and Yellow) is sold for NGN 18, 000 respectively. The current wholesale price…
The National Interpretation Working Group Nigeria has announced that the Board of Governors of the Roundtable on Sustainable Palm Oil (RSPO) has endorsed the National Interpretation (NI) of the Principles and Criteria of RSPO for sustainable palm oil production in Nigeria. According to the announcement made by the RSPO secretariat in a press release in…
Rice is the seed of the grass species Oryza sativa (Asian rice) or Oryza glaberrima (African rice). As a cereal grain, it is the most widely consumed staple food for a large part of the world’s human population, especially in Asia. The rice plant can…
The price of some Agro commodities in Nigeria has recently been on the high side, there are many factors that are responsible for the price increment in the Nigerian markets. Currently, the wholesale price of tomato from Mile 12 Market and Oke-Odo Market both in Lagos State are NGN25, 000 and NGN20, 000 respectively…
Novus Agro Nigeria Commodity Index (NANCI) is a weekly average price of key agricultural commodities in selected markets (Dawanau in Kano state, Gombe main market, Igbudu market in Delta state, Makarfi in Kaduna state, Mile 12 in Lagos state, Mutum Biyu in Taraba state, Ogbete market in Enugu state, Relief market in Anambra state and…
