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groundnut processing and trading in nigeria Groundnut {peanuts} is an essential food product that enjoys good patronage in both the domestic and the international market. It is a veritable source of edible oil, animal feed and also consumed as snacks. Groundnut "Arachis hypogaea" is a species in the legume "bean" family. The cultivated peanut was probably first domesticated in the valleys of Peru. Records have it that groundnut was first introduced in Nigeria in the early 16th Century. In the period between 1956 and 1967, groundnuts including its cake and oil, accounted for about 70 per cent of Nigeria's total export earnings and created the legendary groundnut pyramids which dotted the landscape of Kano. Today, no thanks to the discovery of oil and the lack of political will to develop the agricultural sector in Nigeria, not only has the pyramids disappeared but Nigeria has also lost a place in the world market as a leading exporter of cash crops. At 1.55 million tons in 2008/2009 crop season, Nigeria currently occupies the fourth position in the world production of groundnuts and interested investor can take advantage of these by trading and processing of the product. A...more
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tin ore trading and export ; the opportunities The solid mineral industry in Nigeria has great potential based on the geological survey and proven reserve of different mineral that have been discovered in the country. Tin Ore has been mined since colonial times and is one of the most versatile metals commonly used in industry. Tin ore...more
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