Tag: FTN Cocoa Processors
Ghana's president made good on his promise to hike farm gate cocoa prices by over 28 per cent starting from the first of October. Cote d'Ivoire has also indicated plans to follow suit. So, what does this mean for cocoa farmers in Nigeria? Joining CNBC Africa for this conversation is Akin Laoye, Executive Director, FTN Cocoa Processors.
Year-on-year growth in Nigeria’s non-oil sector was slower by 0.93 percentage points in the first quarter of the year, that’s according to recent data from the National Bureau of Statistics. As the Covid-19 pandemic continues to stifle international trade, Akin Laoye, Executive Director at FTN Cocoa Processors joins CNBC Africa to discuss how this pandemic is affecting dynamics for Nigeria's non-oil exports.
Nigeria and Cameroon are planning to agree on a premium for their cocoa. That's according to the Vice President of World Cocoa Producers Organisation, Sayina Riman. Fellow West African cocoa producers, Ghana and Ivory Coast had already set a floor price for the crop at $2,600 per tonne. To discuss what this move will mean for the region and Nigeria’s cocoa industry, Executive Director of FTN Cocoa Processors, Akin Laoye joins CNBC Africa.
Data from the National Bureau of Statistics (NBS) shows that Nigeria's agricultural sector growth slowed to 1.79 per cent in the second quarter, compared to the 3.17 per cent growth recorded in the first quarter of this year. To discuss the performance of the agricultural sector and what areas Nigeria's new minister of Agriculture should prioritise, Akin Laoye, Executive Director of FTN Cocoa Processors joins CNBC Africa for more.
According to the National Bureau of Statistics, cocoa was one of the most traded agricultural products in the fourth quarter of 2018. But how can Nigeria improve the quality and quantity of its cocoa yields? Akin Laoye, Executive Director, FTN Cocoa Processors joins CNBC Africa to discuss this.