Business

“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn

Published

2 years ago

October 13, 2024

Photo source: Google

The Poultry Association of Nigeria (PAN) has issued a warning that the price of eggs may skyrocket to N10,000 per crate if immediate action is not taken to support the poultry industry.

Currently, a crate of eggs sells for around N5,500, but rising production costs and lack of government intervention could lead to a steep hike.

According to PAN, the primary reason for this potential increase is the escalating cost of feed, which accounts for a large portion of poultry farming expenses.

Farmers have been grappling with the rising prices of maize and soybean, key ingredients in poultry feed, alongside other operational challenges like insecurity, inflation, and poor access to credit.

These factors have made it increasingly difficult for farmers to maintain their operations, forcing some to reduce production or shut down entirely.

The association has called on the government to provide subsidies for feed and other farming inputs, as well as create policies that will help stabilize the market.

They stressed that without these urgent measures, egg prices will continue to rise, affecting not just farmers but also consumers, many of whom rely on eggs as a key source of affordable protein.

The situation has raised concerns about food security and the affordability of basic food items, with PAN urging the government to address the issue before the country faces even more severe shortages and price hikes.

Business

OPay Introduces New Security Features for Customers

Published

3 weeks ago

June 29, 2026

Ese Ohwofa

Nigerian fintech company OPay has introduced new security features to improve the safety of its application.

The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.

The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.

The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.

Business

Nigeria’s Agricultural Sector Cannot Thrive Without Investment – FG

Published

4 weeks ago

June 24, 2026

Ese Ohwofa

The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.

They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.

“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”