Saturday, 2nd December 2023


20 Nov
Afex, in its 2023 Crop Projection Report, has projected higher prices of commodities in the 2023/2024 season for Nigeria The reason for the high prices across all commodities, according to the report, is due to the general decline in production coupled with increasing demand for commodities for consumption, processing and exports. The report released by…
20 Nov
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, had announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya and Uganda and serves over 450,000 farmers.
19 Nov
As food prices continue to surge, as witnessed this year, food security challenges will continue to persist, further reducing African continent’s capacity to achieve zero hunger by 2030.
22 Sep
A Fresh call has been made on the need for streamlined trade, harmonised standards and improved infrastructure in African agriculture to foster food security across the continent. President, Rest of Africa at AFEX, Sanne Steemers, who disclosed this, lamented that Africa lacks essential infrastructure for inter-continental trade, which is hindering the achievement of robust food…
31 Aug
A repeat of the 2022 devastating flooding that led to the death of over 600 people and the destruction of farmlands and properties stares down Nigeria in the face as neighbour Cameroon opens the floodgate of its Lagdo dam that threatens to expose the flaws in the food value chain of Africa’s biggest economy. Located…
29 Aug
Nigeria’s commodities player, AFEX, and Ghana Commodities Exchange (GCX) have partnered to strengthen the commodity-trading ecosystem across both countries.
18 Jul
Private commodities exchange in Nigeria, AFEX, hosted the first edition of its CEO Breakfast on July 13, with the theme: “Mapping the Future: Unlocking Value in the Commodities Market.”
23 Apr
Identifying the economic implication of leveraging the agribusiness sector, AFEX, a commodity firm, has reiterated its commitment to facilitate trade with Africa worth $10b within 10 years.
1 Feb
Associated Foreign Exchange (AFEX) has predicted a decline in the production of grain commodities this year, following the impact of flooding, devaluation of the naira, high logistics, and the social-political situation in Nigeria. In its Commodity Outlook for 2023 Report, the body said the observed reasons would keep commodity prices at historically high levels amid…


4 mins ago
Prof. Chigozie Ogbu, Vice-Chancellor of Ebonyi state University (EBSU) says TETFund has been the live-wire of the nation’s universities
13 mins ago
The Kazaure Emirate Council in Jigawa has distributed Zakat (alms) worth more than N65 million to 9,838 less privileged people in the area.
20 mins ago
Israeli air strikes killed two Syrian pro-Hezbollah fighters when they hit sites belonging to the Iran-backed group near Damascus early on Saturday, a war monitor told AFP.
47 mins ago
Prosecutors in Honduras said Friday they had requested an arrest warrant for a new suspect in the 2016 murder of renowned environmentalist Berta Caceres.
1 hour ago
North Korea warned Saturday it would "destroy" US spy satellites if Washington tries "any attack" on its space asset, after Pyongyang launched its first military eye in the sky last week.
1 hour ago
The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the usage of obsolete equipment for broadcasting by FRCN and NTA is unacceptable
1 hour ago
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has reiterated the FCT Administration’s commitment to nurture and support talent for sustainable economic growth and development in the FCT. Wike stated this at the opening of the 13th edition of Zuma Film Festival (ZFF), in Abuja on Friday. The festival, which would hold…
1 hour ago
When Canada accused India of killing a citizen on its soil, New Delhi dismissed the allegations as "absurd". Relations plunged and diplomats were expelled.
1 hour ago
Myanmar pro-democracy fighters in a battered pickup truck drive past abandoned and bombed-out houses in the eastern city of Loikaw, on their way to the front lines of the battle to capture their first state capital from the junta.
2 hours ago
Israel carried out deadly bombardments in Gaza for a second day on Saturday after a week-long truce with Hamas collapsed despite international calls for an extension.