Agric leads non-oil export proceeds with US$340m in Q1

NIGERIAEfforts by the federal government to diversify the economy and generate foreign exchange from other sources might have started yielding the needed results as the trade statistics report by the National Bureau of Statistics (NBS), revealed that the exportation of agricultural goods grew by 82 per cent in the first quarter of 2017.

Cassava starch firm saves economy US$4m annually

NIGERIA – Psaltry International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the import substitution policy of the Federal Government in cassava starch has earned it $4 million (about N1.22 billion) in the financial year ended 2016.