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Lingzhi Global, NACOFTAN Announce 2026 Coffee Festival in Cross River

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Lingzhi Global Nigeria Ltd. has announced plans to hold the second edition of the Coffee Festival International Nigeria in Calabar, Cross River State, from October 30 to November 1, 2026, as part of efforts to promote coffee production and expand opportunities across the value chain.

The festival, organised in collaboration with the National Coffee and Tea Association of Nigeria, NACOFTAN, will be held under the theme, “Coffee Sustainability and Empowerment: Focusing on Women and Youth Development,” with emphasis on skills development, community development and job creation.

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The Chief Executive Officer of Lingzhi Global, Mrs. Blessing Nanman, disclosed this at a stakeholders’ meeting in Abuja, saying the event would bring together coffee stakeholders, investors and international participants to explore opportunities in farming, processing, packaging, marketing and export.

“Farmers have gone to work. Some processors are already at the verge of breaking through. This is the time where we want to invite all investors, partners and international organisations to support us in the coffee industry,” Nanman said.

She said the maiden edition attracted participants from different countries, while the 2026 festival is expected to draw representatives from about 30 countries. According to her, the event would further define opportunities within the coffee value chain and encourage local consumption of coffee.

Nanman said Lingzhi Global was also expanding its coffee business through the establishment of coffee shops, noting that the outlets had become platforms where communities, families and people from different backgrounds could connect over coffee.

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She said Cross River was selected to host the second edition because of its potential for coffee production and the state government’s efforts to expand cultivation through the distribution of millions of coffee seedlings.

Speaking on the forthcoming festival, Cross River State Commissioner for Agriculture and Irrigation Development, Hon. Johnson Ebokpo, commended Lingzhi Global for its role in promoting coffee and tea development in the state and for working with stakeholders to strengthen the sector.

He said the company had contributed efforts to improve farmers’ access to seedlings, knowledge and markets, describing its partnership with the state as important to the development of the coffee value chain.

“We are pleased to be collaborating with Lingzhi Global, organisers of the International Coffee Festival, and NACOFTAN,” Ebokpo said.

The commissioner said the festival would give Cross River greater visibility as a coffee-producing destination while creating opportunities for women and young people to participate in the industry.

“This is also an opportunity for us to use the festival as a platform to create jobs for our people, particularly women and youths, while providing them with opportunities to learn more and develop their skills,” he said.

Ebokpo said the coffee industry extends beyond farming to processing, packaging and export, stressing that young people could create businesses and develop their own brands by participating in different stages of the value chain.

He said Cross River has about 23,000 square kilometres of arable land suitable for coffee development and has the agro-ecological advantage of producing both Arabica and Robusta varieties. He added that the state plans to distribute at least 30 million coffee seedlings over five years.

President of NACOFTAN, Dr. Hassan Usman, said the festival would provide an opportunity for Nigerian stakeholders to exchange knowledge and technology with international players in the coffee industry.

“The Coffee Festival is not only Nigerian in inclusion, but international. We have people coming from Brazil, Indonesia, Kenya and all the countries. The globe will be around with us,” Usman said.

Usman also commended Lingzhi Global for taking stakeholders across the country and beyond to gain knowledge in coffee processing and marketing, saying the company had played a critical role in connecting Nigerian stakeholders with international opportunities.

He said stakeholders would use the gathering to strategise on strengthening the coffee value chain and changing the narrative around coffee production in Nigeria, while calling for greater participation from government agencies, investors and other stakeholders.

The 2026 Coffee Festival International Nigeria is expected to bring together farmers, processors, roasters, investors, experts and other stakeholders from Nigeria and abroad for three days of knowledge-sharing, networking and promotion of the coffee industry.

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Zenith, Fidson, NEM top stock pick this week

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Nigerian stocks slightly depreciated last week, sliding by 0.5 per cent as sell pressure on bank equities weighed on the main stock index.

All but the insurance index dropped out of the five sector indexes tracked by the Nigerian Exchange.

“Investor positioning ahead of Q3:2026 earnings should provide additional support, particularly as expectations build around the Tier-1 banks’ results,” analysts at Meristem Securities said in a note to investors ahead of the week.

“The ongoing impact of Nigeria’s FTSE Russell reclassification should also keep trading activity elevated and sustain interest in eligible large-cap stocks,” they added.

The release of companies’ Q3 earnings reports is expected to begin soon.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

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The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

READ ALSO: DN Tyre & Rubber, Greif Nigeria delisted from Nigerian Exchange

Zenith Bank

Zenith tops this week’s list for its strong fundamentals and for trading below its intrinsic value. The net profit ratio (NPR) of the lender is 21.8, while the price-to-earnings (PE) ratio is 5.3x. Its 14-day relative strength index (RSI) is 68.

Fidson Healthcare

Fidson appears on the pick on the basis of its attractive fundamentals. The NPR of the pharmaceutical company is 7.8, while the PE ratio is 18.8x. The 14-day RSI is 51.2.

NEM Insurance

NEM makes the selection for its strong fundamentals and for trading below its intrinsic value. The insurer’s NPR is 15.7, while the PE ratio is 5.6x. Its 14-day RSI is 43.2.

Stanbic IBTC Holdings

Stanbic IBTC makes the cut for its sound fundamentals. The NPR of the banking group is 34.5, while PE ratio is 5.9x. The 14-day RSI is 69.5.

Aradel Holdings

Aradel makes the cut for its sound fundamentals. The NPR of the energy company is 28.4, while the PE ratio is 8.7x. The RSI is 50.8.


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NAIPE 11th Annual Conference Moves to 12 Noon as 28 Stakeholders Back Event

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About 28 insurance and pension regulators and operators have backed the upcoming 11th edition of the Nigerian Association of Insurance and Pension Editors (NAIPE) Annual Conference, scheduled to hold in Lagos.

This is even as the timing of the event scheduled to hold on Thursday, October 8, 2026, at Oriental Hotel, Victoria Island, Lagos, has been shifted from 9:00am to 12:00pm same day.

This is to allow Insurance operators, who will be attending Insurers Committee meeting earlier that day, conclude their meeting and attend the conference.

The national conference with a focus on the emerging market dynamics in Nigeria’s insurance and pension sectors, follows  the just concluded recapitalisation exercise in the insurance sector and ongoing exercise in the pension industry.

Themed: “Post-Recapitalisation and Market Dynamics in Insurance & Pension Sectors,” the Chief Executive Officer of United Capital Asset Management Limited, Dr. Odiri Oginni, will deliver the keynote address, focusing on the insurance  perspective while Mr. Oguche Aguda,
Founder and Managing Partner of HRISP Partners, will equally deliver a paper on the theme, focusing on the pension perspective.

The Group Managing Director of Custodian Investment Plc, Mr. Wole Oshin, will chair the event.

According to NAIPE, the conference is coming at a critical period for the two sectors, as insurance operators have just concluded their recapitalisation exercise, while pension operators are expected to conclude theirs in 2027.

The high level discourse will therefore examine how funds raised through recapitalisation can be strategically invested and deployed to generate stronger returns, deepen market confidence and improve service delivery to shareholders and policyholders.

Expected dignitaries include the Commissioner for Insurance & Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin; Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran; chief executives of insurance companies, broking firms, investment and securities companies and Pension Fund Administrators (PFAs), as well as regulators, labour unions, students and other stakeholders.

Speaking ahead of the conference, Chairperson of NAIPE, Mrs. Ebere Nwoji said, the annual gathering provides a platform for insurance and pension journalists to contribute to the development of both sectors by promoting greater public understanding of insurance and pension as instruments for financial security and protection against old-age poverty.

Nwoji expressed appreciation to operators and regulators in the two sectors for their continued support for the conference, stressing that, the benefits derived from the annual event outweigh the resources committed to organising it.

She described this year’s theme as timely, given the significant structural changes taking place in the insurance and pension industries through recapitalisation.

She noted that, the insurance industry concluded its recapitalisation exercise on July 31, 2026, while the pension industry is currently undergoing a similar process expected to be completed next year.

The NAIPE chairperson, particularly, commended the leadership of NAICOM for successfully concluding the insurance industry’s recapitalisation exercise, describing it as a major achievement for Omosehin.

According to her, the Commissioner ‘took the bull by the horns’ in breaking what she described as the longstanding cycle of inconclusive recapitalisation exercises in the insurance industry.

She also expressed optimism that the pension industry, under the leadership of Ms. Omolola Oloworaran, would achieve a seamless and successful recapitalisation exercise.

“The conference would provide operators with an opportunity to gain insights into prudent and judicious investment of the capital raised through the recapitalisation process.

“I am confident that speakers at the event would provide practical perspectives on how insurance and pension operators can deploy their strengthened capital bases to deliver superior investment returns while enhancing value for investors, shareholders and policyholders” she affirmed.

Meanwhile, NAICOM, PenCom, SanlamAllianz, Veritas Kapital and 24 others have offered their support and partnership towards the conference.

The post NAIPE 11th Annual Conference Moves to 12 Noon as 28 Stakeholders Back Event appeared first on Business Today NG.

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