Search

Nigeria’s 2024-2025 Cocoa Harvest Opens Amid Low Demand and High Interest Rates

  • Farmers struggle with inventory build-up as buyers face credit squeeze
  • Main-crop yields may be affected by inadequate rainfall

 Abuja, Nigeria – Nigeria’s 2024-2025 main-crop cocoa harvest has begun with farmers accumulating stockpiles amid low demand, as buyers grapple with a credit squeeze caused by high bank interest rates.

Recent Business

Image of oil refinery at night across the sea. Photo @Unsplash
Kenya approves $6.1 billion oil project after Tullow exit
Read More »
Mine site Photo © Unsplash
Qatar seals $500mn Ivanhoe Mines deal to secure Africa’s critical minerals
Read More »
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana signals further rate cuts as disinflation accelerates
Read More »

Recent Politics

Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »
Delegates at the G20 Summit in South Africa. Photo @ G20 South Africa Flickr
G20 in a changing world: is it still useful?
Read More »

Latest Posts

Latest news insights