Business

Nigeria to team up with Cameroon to agree cocoa premium

Isaac UmunnaComment(0)

Nigeria aims to team up with Cameroon to agree a premium for its cocoa with buyers, the vice president of the World Cocoa Producers Organisation told Reuters, after the world’s top growers Ivory Coast and Ghana set a price floor for the crop.

The plan suggested by Nigeria, the world’s fourth-largest cocoa producer, is part of a trend which has seen growers in West Africa and Latin America seek to influence prices in the global market.  Reuters

Pix: Cocoa plantation

Isaac Umunna

Related Articles
Business

Reps decry rising electricity tariff

Isaac Umunna

The House of Representatives has decried the rising electricity tariff which it described as unjustifiable considering the commitment of N213 billion to the operators. It said on Thursday that the government had injected huge amount into the wobbling power sector to boost supply to Nigerians. Besides, the House said the increment was not in tandem […]
Business

FEC Approves N9.4bn For Power, Road Projects

Isaac Umunna

The FEC meeting was held on Wednesday at the State House in Abuja, the nation’s capital. The Federal Executive Council (FEC) on Wednesday approved a total of N9.4 billion for various projects including power and road. Briefing journalists at the end of the meeting presided over by President Muhammadu Buhari at the State House in […]
Business

Benchmark crude oil futures continue to slide for second week

Isaac Umunna

Oil Benchmark crude oil futures continued to slide for a second week with a weekly decline of more than 4%. Oil prices were pressured primarily due to what is viewed as the first episode of a trade dispute between the US and China. China retaliated to $50bn US import tariffs by an equal amount, while […]