Tag: Palm Oil

Edo Allocates 57,000 Hectares Of Land To Oil Palm Investors
August 5, 2021 No Responses

Edo Allocates 57,000 Hectares Of Land To Oil Palm Investors

Edo State Governor, Mr. Godwin Obaseki, on Thursday, disclosed that the State Government has allocated over 57,000 hectares of land to smallholders and large oil palm plantation investors in four Local Government Areas (LGAs) of the state, under the Edo...
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27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend
June 23, 2021 No Responses

27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend

The Okitipupa Oil Palm Plc has resolved to pay its shareholders 25k dividends for the year ended December 31, 2020,  27 years after it last paid.  Chairman of the Board of Directors, Chief Mobolaji Osomo,  made the disclosure at the 31st...
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Firms Commit $159m In Nigeria’s Oil Palm, Cassava Value Chains
May 10, 2021 No Responses

Firms Commit $159m In Nigeria’s Oil Palm, Cassava Value Chains

Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and cassava value chains over three years.  The Chairman of Fayus Group, Alhaji Fatai Yusufu made this known...
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Heritage Bank Empowers Palm Oil Entrepreneur With N10m
December 28, 2020 No Responses

Heritage Bank Empowers Palm Oil Entrepreneur With N10m

As part of its commitment to support Micro, Small and Medium Enterprises (MSMEs),   Heritage Bank has empowered the winner of The Next Titan Season-7 with N10million.  An entrepreneur, Joshua Joseph Idiong who is the CEO of Josult Oil Proce...
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FAO Assures Nigeria On Sustainable Cocoa, Oil Palm Production
September 9, 2020 No Responses

FAO Assures Nigeria On Sustainable Cocoa, Oil Palm Production

The Food and Agriculture Organisation of the United Nations (FAO),on Tuesday said it is committed to working with  Nigeria to promote sustainable cocoa and oil palm production. FAO made this known at a workshop on Food System, Land Use and...
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Emefiele: Edo Can Generate 200,000 Jobs From Palm Oil
November 2, 2019 No Responses

Emefiele: Edo Can Generate 200,000 Jobs From Palm Oil

(L-R) Prof Emmanuel Aluyor, Vice Chancellor of Edo University, Iyamho, Auchi, CBN Gov. Godwin Emefiele and Edo state Gov. Godwin Obaseki at the first Convocation lecture of the university Edo State can generate more than 200,000 jobs and millions of...
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FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility
August 13, 2019 No Responses

FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility

Foremost financial institution, First City Monument Bank (FCMB) has introduced an enhanced agro-commodity trade finance facility for agribusiness operators.  According to the Bank, the revamped facility is designed for agro-commodity merchants with supply...
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CBN Targets $10b Foreign Exchange From Palm Oil
March 19, 2019 No Responses

CBN Targets $10b Foreign Exchange From Palm Oil

As part of measures to consolidate revenue base, the Central Bank of Nigeria (CBN) has unveiled fresh agenda to position Nigeria as the world’s third largest palm oil producer.  Under the agenda, Nigeria is expected to overtake Thailand and Columbia...
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