• trade assurance how peanut oil is in Lagos
  • trade assurance how peanut oil is in Lagos
  • trade assurance how peanut oil is in Lagos
  • trade assurance how peanut oil is in Lagos
  • How has Nigeria improved the quality of peanuts?
  • Both farmers and the government have worked hard to improve the quality of peanuts, focusing on oil yield and pest-resistant seeds. Nigeria is the largest peanut producer in Africa. This year, the production is expected to total around 3 million metric tons, making it the 3rd largest producer in the world, after China and India.
  • Where are peanuts produced in Nigeria?
  • Peanuts in Nigeria are mainly produced in the Northern states: Adamawa, Niger, Taraba, Kaduna, Benue, and Kano. During the 1960s and 1970s, when Nigeria discovered the profitability of producing and exporting groundnuts, these states were filled with ‘peanut pyramids.’
  • Why are peanut prices rising in Nigeria?
  • Prices in the Nigerian peanut market are expected to rise this year due to increased domestic and international demand. Peanuts in Nigeria are mainly produced in the Northern states: Adamawa, Niger, Taraba, Kaduna, Benue, and Kano.
  • Is the commodities trading ecosystem in Nigeria a comatose stage?
  • The Commodities Trading Ecosystem in Nigeria is at its nascent stage with a lot of work required to be put in by stakeholders. There is a knowledge and information deficit which trickles down to the players in the ecosystem, the requisite policies and infrastructure required are either in a comatose stage or non-existent.