Cocoa Archives

Cross River launches traceability programme for cocoa, coffee, oil palm

The Cross River State Governor, Bassey Otu, has flagged off a statewide traceability programme for cocoa, coffee and oil palm. Otu was represented by the Commissioner for Agriculture and Irrigation Development, Johnson Ebokpo, at the event held on Saturday in Calabar. The commissioner disclosed that the traceability system is a structured digital framework designed to […]

aadelekepdnlimited-com
14th February 2026
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News

Cocoa price surges to N15m per tonne

The Cocoa Research Institute of Nigeria, located in Ibadan, Oyo State, announced on Thursday that cocoa prices have surged to an all-time high of N15 million per tonne, up from N1.8 million in January 2024. This was disclosed by the institute’s Executive Director, Patrick Adebola, during a joint press conference marking CRIN’s 60th Anniversary and […]

monwubukepdnlimited-com
6th December 2024
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News

Cocoa price drop 26% amid increase in Nigeria’s output

Cocoa prices have recently experienced a significant decline by 26%, driven primarily by a surge in output from Nigeria coupled with abundant rainfall. Nigeria, ranking as the world’s fifth largest cocoa producer, reported a noteworthy 19% year-on-year increase in its March cocoa exports, totaling 22,199 metric tonnes, according to nairametrics. Following a period of record […]

monwubukepdnlimited-com
30th April 2024
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237 Views

Foods

Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria’s supply drops

As worries about supply constraints in Nigeria and West Africa deepen, cocoa prices continue to soar, reaching a fresh high of $6470 per tonne in fresh York. According to the Times, futures had a 4.6% spike on Monday, after the biggest weekly advance since 1999. The commodity’s price increased by 3.5% in London. Drought and […]

bfatoyepdnlimited-com
27th February 2024
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230 Views

Business

AFREXIM, Fidelity Bank, JohnVents sign $40m cocoa export deal

Fidelity Bank, African Export-Import Bank, and JohnVents Industries struck a $40 million cocoa export transaction at the Fidelity Bank International Trade and Creative Connect in Houston, Texas. The Punch reported that according to a bank statement issued on Sunday, the $40 million pre-export finance facility was signed at the trade show. AFREXIM Bank would provide […]

bfatoyepdnlimited-com
30th October 2023
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150 Views

Business

How Ayade’s administration made N60m from cocoa allocation – Aide

The Cross River State Government has revealed that the state has earned almost N60m following the distribution of cocoa plots totaling hectares to contractors. Leadership revealed that this was said on Sunday in Calabar by the special adviser to the recently-departed governor of Cross River State on cocoa development and control, Ntufam Dr. Oscar Ofuka. […]

bfatoyepdnlimited-com
29th May 2023
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143 Views

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Dangote Refinery boosts Nigeria’s fuel supply to 40.1m

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Tag: Cocoa