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NEXIM Bank Unveils Digital Hub To Boost Cocoa Production

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The Nigeria Export-Import Bank has launched a digital hub, ‘Cocoa Connect Africa’ in its bid to boost cocoa production in the country.

This was disclosed by the Managing Director, NEXIM Bank, Abubakar Bello, on Thursday, while speaking on the sidelines of the International Cocoa and Chocolate Forum tagged, ‘Putting values in cocoa in producing regions,’ in Lagos State.

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Bello explained that the move is to bring every activity of all stakeholders in the cocoa industry under one platform.

The MD also noted that the digital infrastructure was significant as it would help ease the stress of trade, adding that stakeholders of various commodities would be put under the digital platform.

READ ALSO: Facts To Know About The Africa Cup Of Nations

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Bello stated, “It is about somebody who has products and meeting someone who is interested in the product. It is about connection and market information. We are putting all the stakeholders on the value chain for different commodities, but the one we launched today is for cocoa and we are also doing the same for cashew.

“We are also doing so for Shea. The idea is to have a cluster because today everything is done digitally, why should our trade be lagging behind? We must create a platform for every stakeholder to log in to purchase what they want digitally from their comfort zones.”

He added that the digital platform aims to boost trade facilitation and set standards for traceability.

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The platform can be used to educate farmers, it can be used to educate regulators and pass the information on the latest developments. We must create an awareness for farmers on the latest trends, there is also a need for effective regulation in the value chain,” he said.

The NEXIM MD stated that the vision of the digital hub is to unlock the boundless potential of Cocoa in Africa.

READ ALSO: Army Arrests Soldiers Captured Torturing Civilian In Viral

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At Cocoa Connect Africa, we offer more than just a platform; we provide an immersive experience tailored to elevate your journey in the cocoa industry,” he noted.

In her address, the bank’s Executive Director, Business Development, Stella Okotete, said NEXIM Bank has supported Cocoa exporters with over N100 billion in the past seven years with all facilities performing and creating jobs for over 7,000 direct and 70,000 indirect jobs for Nigeria.

She added that amongst others, NEXIM created a Small and Medium Exporters Facility to support exporters, stressing that NEXIM has been supporting suppliers by growing their capacities.

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She added that with the recent spike in the price of cocoa, the bank has opened up its refinancing windows to support exporters with single-digit loans.

“We are sure that the cocoa exporters will take advantage of the opportunity because it will help them to reduce the burden of the double-digit interest rate. We are ensuring that we will continue to do more,” she averred.

Participants at the event were the Oloni of Eti-Oni, Osun State, who is also the Founder, International Cocoa Diplomacy, Dokun Gureje, and representatives of Lagos and Osun State Governors, amongst others.

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PHOTOS: Brazil Welcomes Tinubu With Full Military Honours In Brasília

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Brazil on Monday rolled out full military honours at the Planalto Palace in Brasília to receive President Bola Tinubu.

Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, disclosed this on X on Monday.

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READ ALSO:Tinubu Signs Direct Flight, Other Agreements With Brazil

Onanuga said Tinubu was welcomed by his host, President Luiz Inácio Lula da Silva.

Onanuga said Tinubu was welcomed by his host, President Luiz Inácio Lula da Silva.

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He wrote, “More photos of the official reception for President Tinubu at the Planalto Palace in Brasília, Monday, August 25, 2025. Brazil’s President Luiz Inácio Lula da Silva welcomed President Bola Tinubu with full military honours.”

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Tinubu Signs Direct Flight, Other Agreements With Brazil

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President Bola Ahmed Tinubu has signed a landmark Bilateral Air Service Agreement with Brazil, signalling the establishment of direct air links between Nigeria and South America’s largest economy.

The agreement was formalised on Monday during Tinubu’s official state visit to Brasília.

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Media aide to the minister, Tunde Moshood, made this known through a statement, made available to The PUNCH.

At the signing ceremony which was witnessed by Messrs Nigerian President, Tinubu and the Brazilian President Luiz Inácio Lula da Silva in Brasilia also had the Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, signed the agreement on behalf of Nigeria, while Brazil’s Minister of Transport, Silvio Costa Filho, also signed for the host country.

READ ALSO:2027: You Will Lose 80% Of Northern Muslim Votes If…, APC Forum Warns Tinubu

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The BASA creates a new framework for direct flights between Nigeria and Brazil, with the potential to significantly enhance trade, tourism, investment, and diplomatic relations.

The statement further noted that, “ It also marks a key step in Nigeria’s broader efforts to strengthen international partnerships and improve global connectivity.”

Tinubu had arrived in Brazil with a delegation that included Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of State for Foreign Affairs, Bianca Ojukwu; Minister of Agriculture and Food Security, Abubakar Kyari; and other senior government officials.

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According to the statement, the Brazilian President welcomed the agreement, expressing his administration’s commitment to expanding cooperation with Nigeria in sectors such as aviation, agriculture, and infrastructure.

READ ALSO:Monarch’s Suspension Sparks Crisis In Delta

He described the BASA as a reflection of the strong ties between both countries and an opportunity to deepen economic and cultural collaboration.

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Tinubu is also scheduled to hold meetings with key Brazilian government officials, including the President of the Senate, the President of the Chamber of Deputies, and the President of the Supreme Federal Court.

The two-day visit will include high-level discussions between Nigerian and Brazilian delegations across various sectors, as both nations explore opportunities for mutual growth and development.

The statement reads, “The ongoing state visit will also see President Tinubu meeting the President of the Brazilian Senate at the National Congress, the President of the Chamber of Deputies, and the President of the Supreme Federal Court.

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“The working visit, which continues tomorrow, will also feature high-level engagements between Nigerian and Brazilian delegations across various sectors, underscoring both nations’ commitment to building a future of mutual growth and prosperity.”

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NAFDAC Warns Of Fake Postinor-2 In Circulation

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The National Agency for Food and Drug Administration and Control on Monday issued a public alert, warning the public about confirmed counterfeit batches of Postinor-2 (Levonorgestrel 0.75 mg) now circulating in Nigeria.

The alert follows a report from the Society for Family Health, the marketing authorisation holder, confirming that they did not import the suspect batches.

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Postinor-2 (Levonorgestrel 0.75mg) is a brand of emergency contraceptive pill containing the active ingredient levonorgestrel.

NAFDAC revealed there are noticeable labelling discrepancies between the authentic and fake products.

READ ALSO:NAFDAC Warns On Recalled U.S. Supplements

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It said, “The National Agency for Food and Drug Administration and Control (NAFDAC) hereby notifies the public of falsified Type 1 and 2 batches of POSTINOR 2 (Levonorgestrel 0.75mg) product in circulation.

“The noticeable difference was found to be as follows: The font size of the text on the pin verification sticker appears smaller and has a wrong spelling of the word Veify instead of Verify on the fake; meanwhile, the text font on the sticker of the original appears bigger and more visible. There is also a wrong spelling behind the pack of the fake “Distnibuted in Nigeria” instead of distributed in Nigeria”, NAFDAC said.

NAFDAC identified the original Postinor-2 as batch T32458H, manufactured in February 2023 with an expiry date of February 2027 and registration number 04-6985.

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READ ALSO:NAFDAC Uncovers Warehouse Loaded With Explosive Chemicals In Kano

The agency, however, confirmed two falsified versions: Counterfeit Product (Type 1), batch T36184B, manufactured in August 2024 with an expiry date of August 2028; and Counterfeit Product (Type 2), batch 332, manufactured in March 2023 with an expiry date of February 2027, both carrying the registration number 04-6985.

It said that due to the potential presence of incorrect, substandard, or harmful ingredients, improper dosages of levonorgestrel, and a lack of sterile manufacturing conditions, poses significant risks to individual health and public safety.

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The risks of administering falsified Postinor 2 (Levonorgestrel 0.75mg) include failure of contraceptive effect, toxic or harmful contaminants, unpredictable side effects, delayed or missed opportunity for genuine emergency contraception, and potential long-term reproductive health impact. Unexpected side effects: Unknown substances can trigger allergic reactions, organ damage, or death.

“Counterfeit medicines are unregulated, untested, and illegal, making their safety and efficacy impossible to guarantee. Patients should only obtain Postinor-2 from verified pharmacies or licensed healthcare providers.

READ ALSO:NAFDAC Warns Against VDM’s Inciting Video

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Although Investigations are still ongoing regarding the source of the falsified product, all NAFDAC zonal directors and state coordinators have been directed to carry out surveillance and mop up the falsified product of type 1 and 2 postinor 2 (Levonorgestrel 0.75mg) within the zones and states,” it added.

NAFDAC urged consumers and healthcare providers to verify PIN stickers carefully, report suspected counterfeit products, and always purchase medications from reputable sources.

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