“You know palm oil used to come from Cameroon. But now everything has become expensive because the borders are closed and it is affecting the business. Even the price of stockfish that we buy in ...
· Oil palm stakeholders at a meeting held yesterday * Ask FG to collect 35% duty tax The application requesting Fe...
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PIND empowers oil palm farmers with modern equipment in Ondo FOUNDATION for Partnership Initiatives in the Niger Delta (PIND) has condemned neglect of palm oil production and the non utilisation of the economic potentials in oil palm, noting that farmers can make more profit with the aid of the modern technology.
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Father of mutilated boy in Ikorodu cries for justice (Guardian) Father of 14-year-old Qudus Anifowoshe, who was murdered and dismembered at Igbogbo Agunfoye Ire, Ikorodu area of Lagos State, Taofeek Anifowose, has called on the state government and the Commissioner of Police, Zubairu Muazu, to bring the killers of his son to book.
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first quarter of the year, we have witnessed increased importation of crude palm oil and refined products into Nigeria, which has crashed the domestic trade. The critical issues that we like to ...
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Farmers lament illegal palm oil importation Roadblocks persist on Nigeria’s journey to digital transformation Discos kick against third-party metering arrangement FG spent N1.54tn to service debts in nine months NSE’s amended pricing, value rules start Monday Market Turns Bearish 18-year-old Nigerian killed during fight in UK
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The Association of the Local Government of Nigeria (ALGON) has recently in an International Seminar in Abuja unveiled its Comprehensive Local Agriculture Plan project (C-LAP), a project focused at aggregating 774 local government farms, with strong linkages to national retail chains, thereby creating a network for direct agricultural produce delivery from the door step of farmers through its ...
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Canola is the weaker market as the Canadian Dollar has been strong and due to worries about Chinese demand. Soybean Oil closed slightly lower despite Palm Oil strength and better demand ideas. Domestic and export demand is thought to be stronger due to biofuels demand as Soy bean Oil is cheaper into some areas than Palm Oil.
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Nigeria’s central bank stopped importers of 41 items, including rice and palm oil, from accessing official foreign-exchange markets in June 2015. The measure was part of a plan to prop up the naira after it plunged against the dollar following a drop in the price of crude oil, the country’s biggest source of foreign-exchange. Nigeria’s ...
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The National Palm Produce Association of Nigeria (NPPAN) has raised the alarm that owners of palm oil plantation would soon be sent out of business unless the federal government stops unrestricted legal and illegal entry of cheap crude palm oil into the country. The NPPAN raised the alarm at a news conference addressed by the []
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Palm Oil Producers lament Smuggling of Produce into Nigeria. African Harvesters-January 25, 2025. 0. The National Palm Produce Association of Nigeria (NPPAN) Palm Oil Producers lament Smuggling of Produce into Nigeria. African Harvesters-January 25, 2025. 0.
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Recently, the National Palm Produce association of Nigeria (NPPAN) revealed that importation and illegal smuggling of Palm Oil are biting really hard on producers.NIPPAN specifically disclosed that local producers lose about $500 million annually as a result of the problem.. Report shows that in Q1 2025, Nigeria imported a total of 112,480 metric tonnes of palm oil.
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25-3-2020· The National Palm produce association of Nigeria says the importation and illegal smuggling of Palm oil is making local producers lose 500 million dollars annually.. In the first quarter of this year alone, Nigeria imported a total of One hundred and twelve, thousand, four hundred and eighty (112,480) metric tonnes of palm oil.
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The National Palm Produce Association of Nigeria (NPPAN) has cried out to the Federal Government over the increasing rate of smuggling of palm oil and other products not worthy in the foreign exchange market into the country. The group said adequate funds must be provided to the palm oil producer
Get PriceNational Palm Produce Association of Nigeria (NPPAN) has expressed worry over the massive illegal entry of Crude Palm Oil (CPO) into Nigeria. This complaint was made in a letter jointly signed by NPPAN Ambassador, Home News Palm oil producers raise alarm over smuggling activities.
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The National Palm Produce Association of Nigeria (NPPAN) recently cried out over illegal importation of Crude Palm Oil [CPO] into the country. In a letter addressed to President Muhammadu Buhari, the group said local producers lose $500 million annually due to palm oil smuggling. Blaming the situation on the country’s porous borders, NPPAN said smuggled
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Palm Oil Importation Surges Despite FX Restriction; Data from the Nigerian Ports Authority (NPA) has revealed that Nigeria imported more palm oil in recent months despite the Central Bank of Nigeria (CBN)’s forex restriction on importers of the product.
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Qie GROUP is a leader manufacturer of palm oil machine, here you can see palm oil refinery machine detials, palm oil extraction machine installation information,palm kernel oil refinery line, and project reports of crude palm oil refinery machine,palm oil mill plant etc.
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Major palm oil producers in the country have urged the federal government not to yield to the request of some foreign companies operating in the country to import crude oil palm into the country under the ECOWAS Trade Liberalisation Scheme (ETLS) as this will lead to dumping of palm oil in Nigeria.
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WorldStage Newsonline– The Central Bank Of Nigeria, Governor, Mr Godwin Emefiele has lamented the dwindling fortune of the country as a major player in the palm oil sector, saying the Nigeria that was the world’s leading producer and largest exporter in the late 50’s and 60’s, with close to 40% of the global market share can barely produce up to 3% of the global supply currently.
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Trade in palm oil between Nigeria and the countries of Europe assumed great importance even as early as the 19th century such that up to 1965, foreign exchange earnings from palm produce was a major source of revenue for Nigeria's economic development.
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Today, palm oil is grown throughout Africa, Asia, North America, and South America, with 85 per cent of its global production and export from Indonesia and Malaysia, which on record took the first seed from Nigeria. In early 60s, Nigeria was the largest producer of palm oil in
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Nigeria floors South Africa, records biggest e $15b Dangote refinery begins production 2021 Buhari suspends Amnesty Programme’s Coordinato Home. News. Presidency has no hands in deposition of Emir. Emir Sanusi loses throne to Bayero. AKK GAS
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A report from the Guardian newspaper says Nigeria loses over N90 billion yearly, and in the next three years will lose not less than N270 billion to deficit and importation of palm oil. According to the report, based on the December 2025 World Bank price index for crude palm oil at US$769.93, Nigeria lost N90.1bn to importation of what it could produce last year and may lose about N270.2bn
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Government loses an estimated US$40million annually from the smuggling of oil palm products into the country through unapproved routes. Information gathered by the Oil Palm Development Association (OPDAG) of Ghana revealed that some brands of refined palm oil (cooking oil) are smuggled into Ghana from Togo, and through various entry points in the Upper East and Upper West Regions.
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Introduction and background GENTLEMEN of the press, it’s my pleasure to welcome you to this joint press conference of the major palm oil producing associations in Nigeria. I believe we all have
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Government loses an estimated US$40million annually from the smuggling of oil palm products into the country through unapproved routes. Information gathered by the Oil Palm Development Association (OPDAG) of Ghana revealed that some brands of refined palm oil (cooking oil) are smuggled into Ghana from Togo, and through various entry points in the Upper East and Upper West Regions.
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I want to appeal to President Buhari on the need to give a fresh and strategic mandate to revive the moribund Nigerian Institute for Oil Palm smuggling palm oil into produce oil palm.
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Oluchi Chibuzor writes on factors required to stimulate palm oil production in the country The drive to achieve backward integration in the agricultural sector, Firm Pledges to Reposition Palm Oil Production in Nigeria THISDAYLIVE . Firm Pledges to Reposition Palm Oil Production in Nigeria
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Palm oil is the most cost-competitive and versatile vegetable oil, and makes up the largest portion of global vegetable oil production. When produced responsibly, it can support millions of livelihoods globally and reduce pressure on forests and sensitive ecosystems.
Get PriceHow CBN forex, border policies impact on agro-economy, by Nigerian farmers. Again, stakeholders in the agricultural sector have drummed up support for the Federal Government’s policies on the restriction of foreign exchange to food importers and the decision to close porous borders against smuggling
Get PriceNigeria does produce the basic food commodities such as sugar, wheat flour, fish, milk, palm oil, pork, beef and poultry but up to now domestic farmers have not been able to satisfy demand of the
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5-7-2007· Oil War, 2005 Nigeria is one of many developing countries to have discovered oil, and as is often the case, the rich get richer, and the poor suffer more than just loss of income. For downloads
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Monday 20 May 2025. BUSINESS DAY. 23. real sector watch. Negative margins show why Nigeria must protect palm oil makers Gbemi Faminu. I. t is bad times for palm oil makers as poor border policing
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