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Global cocoa prices have fallen sharply, prompting renewed focus on value addition under the Abuja Declaration.

Nigeria and other African countries renewed calls for local raw-material processing at the Second African Raw Materials Summit, as a bill requiring 30 per cent value addition returned to President Tinubu for assent.

Fertiliser has emerged as a top non-oil export earner alongside cocoa as Nigeria's industrial and agricultural shipments gain momentum in its diversification drive.

Sunbeth Capital is mobilising about N150 billion through commercial paper issuances to fund operations across Nigeria's cocoa value chain, targeting aggregation, processing support and export readiness.

Nigeria uses only about 30% of its installed cocoa processing capacity, losing an estimated $2 billion a year in potential value addition, the Agriculture Ministry disclosed at a Lagos cocoa conference.

EIB Global and First City Monument Bank unveiled an €85 million facility for Nigerian agricultural value chains, with at least 70% earmarked for cocoa and dairy.

Asia's cocoa grindings jumped 29.2% in Q3 2026 and Europe's rose 3.2%, pushing prices higher as demand recovers, with implications for Nigeria and Cote d'Ivoire.

The Agriculture Ministry and NEPC convene stakeholders to advance strategies for lifting Nigeria's cocoa and coffee output, quality and export earnings.

Sunbeth Global Concepts plans to raise up to N150 billion under a N500 billion commercial paper programme to fund cocoa purchases and a processing expansion.

Multi-Trex Integrated Foods shares have risen 17.95% since the NGX lifted an eight-year trading suspension, even as the cocoa processor remains loss-making.

The Nigerian Export Promotion Council warns that exporters could lose more than $1 billion a year if they fail to meet EU deforestation rules, with cocoa most exposed.