Investogist
No Result
View All Result
Wednesday, July 1, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    Iran and US Strike Framework Deal to End War; Trump Orders Strait of Hormuz Reopened

    Iran and US Strike Framework Deal to End War; Trump Orders Strait of Hormuz Reopened

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    Iran and US Strike Framework Deal to End War; Trump Orders Strait of Hormuz Reopened

    Iran and US Strike Framework Deal to End War; Trump Orders Strait of Hormuz Reopened

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

We borrowed 5,000MT of grains from ECOWAS – FG

Monday, 24 August 2020, 1:46 pm
in News, Nigeria
0
We borrowed 5,000MT of grains from ECOWAS – FG
Share Share Share Share Send as Email

Nigeria borrowed a total of 5,000 metric tonnes of assorted grains from the food stock of the Economic Community of West Africa States (ECOWAS) according to the Federal Government.

This was disclosed on Sunday by Mustapha Baba-Shehuri, the Minister of State for Agriculture and Rural Development. He made this known while receiving the 3,999 tonnes of cereals donated to the Federal Government by ECOWAS with its donors and financial partners according to Punch.

The minister received the 3,999 tonnes of cereals on behalf of the Federal Government at the Hotoro Grain Depot, in Kano State.

He said that contract agreement between ECOWAS and the ministry’s Department of Food and Strategic Reserve was signed on July 7, 2017.

Read also; Nigeria GDP shrank by 6.1% in Q2 2020 as both oil and non-oil sectors tumbled

However, it is unclear when this grains were borrowed, although the Minister’s statement that “Modalities had been put in place to replace the ECOWAS stock before the advent of COVID-19 pandemic” suggests that the grains where borrowed prior to Covid-19 Pandemic.

The minister said, “The government of the Federal Republic of Nigeria loaned 5,000MT of assorted grains from ECOWAS stock which was agreed to be paid back on grain for grain basis

“Modalities had been put in place to replace the ECOWAS stock before the advent of COVID-19 pandemic. That notwithstanding, I can assure you that the stock will be replaced in due course.”

He said the donation by ECOWAS would be used to support the most vulnerable populations to help mitigate the effect of the COVID-19 pandemic in Nigeria.

On August 8, 2017, – 1,130 tons of cereals were donated by ECOWAS in Maiduguri, North-East of Nigeria.

About ECOWAS Regional Food Security Reserve (RFSR)

At their Forty-Second Ordinary Session held in Yamoussoukro, Côte d’Ivoire, on February 28, 2013, the Heads of State and Government of West Africa established the Regional Food Security Reserve (RFSR) through Additional Act to the ECOWAS Revised Treaty as the third line of defense for preventing and managing food crises.

It is designed to:

  1. Complement efforts of member States to provide rapid and diversified food and nutrition assistance
  2. Express regional solidarity with member States and populations affected by a food crisis through transparent, fair and predictable mechanisms and
  3. Contribute to food sovereignty and political, economic and commercial integration of West Africa.

The operationalization of this Reserve began at the end of 2015 with the implementation of the Food Security Storage Support Project in West Africa funded by the European Union amounting to € 56 million.

Written by;

Ifunanya Ikueze

Related Posts:

  • UBS
    Billionaires borrowed billions of dollars to invest…
  • Grains and bread
    Eating more refined grains increases risk of heart…
  • Bola Tinubu
    Full Text: Tinubu emerges as new ECOWAS Chairman
  • ECOWAS
    Nigeria remits $100m levies to ECOWAS for 2022
Previous Post

Nigeria GDP shrank by 6.1% in Q2 2020 as both oil and non-oil sectors tumbled

Next Post

Nigeria’s Equities Market gain 0.03%, the fifth consecutive day of marginal gains

Next Post
Nigeria’s Equities Market gain 0.03%, the fifth consecutive day of marginal gains

Nigeria's Equities Market gain 0.03%, the fifth consecutive day of marginal gains

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

PZ Cussons Nigeria profit Soars 388%

PZ Cussons Nigeria profit Soars 388%

Peter Obi meets with Afenifere, Southern and Middle-Belt Leaders

Peter Obi meets with Afenifere, Southern and Middle-Belt Leaders

FG Scraps Military Leadership of NYSC, Redesigns Uniform

FG Scraps Military Leadership of NYSC, Redesigns Uniform

PZ Cussons Nigeria profit Soars 388%

PZ Cussons Nigeria profit Soars 388%

Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

FG Scraps Military Leadership of NYSC, Redesigns Uniform

FG Scraps Military Leadership of NYSC, Redesigns Uniform

FRSC to Begin Nationwide Recruitment July 3, 2026

FRSC to Begin Nationwide Recruitment July 3, 2026

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved