ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Agribusiness

Over 2.5bn Naira worth of Onions destroyed by Fire in Sokoto

Business 360 by Business 360
June 2, 2021
in Agribusiness, News
0
Over 2.5bn Naira worth of Onions destroyed by Fire in Sokoto

Over two hundred thousand bags of onions worth over N2.5 billion have been destroyed by fire at the Ramin Kura local onion storage facility in Sokoto State.

President Onion Producers and Marketers Association of Nigeria, Aliyu Umar revealed this to newsmen when he visited Ramin Kura for an on-the-spot assessment of the damage done to the facility.

He said the facility contains over twenty local storage facilities that each has the capacity of carrying ten bags of onion, which amounts to two hundred thousand bags, and with the current market price of N12 thousand per bag, this amount to N2.5 billion.

According to him, storing onions at a local facility like Ramin Kura comes with risks such as this, adding, however, that it is because of a lack of modern storage facilities that farmers and traders get to settle for what is availed them.

Mr. Umar expressed fears that this may lead to an onion crisis in the country like the one experienced in 2020 during the outbreak of the Coronavirus as well as the END SARS protests that affected some onion traders.

He appealed to the Federal and State governments to assist farmers and traders to enable them to cushion the effect of this great loss.

The president also called on private business owners to take advantage of the benefits in the onion value chain and invest in modern facilities that will boost onion business in Nigeria.

Previous Post

FMDQ Exchange Admits the Union Bank of Nigeria PLC Series 8 and 9 Commercial Papers on its Platform

Next Post

Stock Market Report: Market Indicators show positive signs of recovery

Business 360

Business 360

Next Post
Stock Market Report: Market Indicators show positive signs of recovery

Stock Market Report: Market Indicators show positive signs of recovery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady

Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady

June 19, 2025
Global Stocks Slide as US Considers Iran Strike, Fed Flags Persistent Inflation

Global Stocks Slide as US Considers Iran Strike, Fed Flags Persistent Inflation

June 19, 2025
Tinubu-led government targets deals in agriculture, energy, defense, and innovation as Brazil’s Vice President visits

Tinubu-led government targets deals in agriculture, energy, defense, and innovation as Brazil’s Vice President visits

June 19, 2025
TCN Demands Repayment of N457bn Electricity Debt from FG to Unlock Transmission Expansion

TCN Demands Repayment of N457bn Electricity Debt from FG to Unlock Transmission Expansion

June 19, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady

Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady

June 19, 2025
Global Stocks Slide as US Considers Iran Strike, Fed Flags Persistent Inflation

Global Stocks Slide as US Considers Iran Strike, Fed Flags Persistent Inflation

June 19, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!