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EXTRA: This Nigerian groundnut sells for $8.99 per bottle in US

EXTRA: This Nigerian groundnut sells for $8.99 per bottle in US
November 27
14:15 2018
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At $8.99 (N3,24o) per bottle, the United States is the right place to establish your groundnut business.

A bottle of groundnut which typically sells between N400 and N600 across the country, is billed at $8.99 in CAYCE FOODS, a US store.

Groundnut is mainly grown in northernstates such as Kano, Kaduna, Taraba, Bauchi, Borno and Adamawa.

It is consumed as a snack and used in making oil for cooking.

In the early 90s, groundnut pyramids were pyramid-like structures made from groundnut sacks.

Groundnuts were one of Nigeria’s biggest exports in the early sixties, but the pyramids began to fade after the discovery of oil.

The Muhammadu Buhari-led administration is driving an agricultural revolution that seeks to export sundry crop to other parts of the world.

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Exchange Rates

January 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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