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Nigeria gov’t approves new Chicken variety ‘MoorBeta’

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The Federal Ministry of Livestock Development has announced the approval of a new indigenous meat-type chicken, MoorBeta, for commercialisation in Nigeria, as part of a broader strategy to strengthen poultry production and enhance food security across the country.

In a statement issued Tuesday, the ministry described the new breed as a significant milestone in efforts to improve local livestock genetics and support farmers.

“The Federal Ministry of Livestock Development has welcomed the approval and release of MoorBeta, an improved indigenous meat-type chicken developed to support poultry production and food security in Nigeria,” the statement said.

It noted that MoorBeta was formally approved for release and registration on 26 March by the National Crop Varieties and Livestock Breeds Registration and Release Committee during a meeting held at the National Centre for Genetic Resources and Biotechnology in Ibadan, Oyo State.

The ministry explained that the chicken variety was developed by the Poultry Research Team at the Institute of Agricultural Research and Training, noting that MoorBeta is the product of over a decade of breeding work involving a mix of indigenous and exotic meat-type chickens.

“The breed is suited for smallholder farmers, with the ability to perform well under different environmental conditions across the country. At 10 weeks, MoorBeta reaches an average live weight of about 2.8kg, with improved feed efficiency and survival rates above 95 percent,” the statement said.

The ministry added that it collaborated closely with the institute and was represented on the approving committee.

Beyond productivity, the ministry said the breed offers qualities attractive to consumers, describing the meat as tender and juicy, with minimal loss during cooking.

According to the statement, the bird is predominantly white, with speckles of brown, black or red, and features a large single comb and a well-developed body that supports higher meat yield. It also shows tolerance to heat stress, a critical advantage for poultry farming in tropical climates.

Economic projections further highlight its potential impact. A 2025 cost analysis shows that raising 100 birds could yield a net profit of over N278,000 within a 10-week production cycle, underscoring its viability for both smallholder and commercial poultry operators.

The introduction of MoorBeta is expected to improve local livestock breeds, increase productivity, boost incomes, and reinforce national efforts to achieve food and nutrition security.

The ministry said it would continue to partner with research institutions and stakeholders to scale innovations that enhance agricultural performance nationwide.

However, the approval comes amid broader criticism surrounding the adoption of transgenic products in recent years, with some critics linking such innovations to health concerns including cancer, heart, and kidney-related diseases, and describing them as “chemical foods.”

In the past decade, the government has approved several genetically modified seeds, sparking debates over safety, environmental impact, and socio-economic implications.

Earlier, PREMIUM TIMES reported that the National Biosafety Management Agency ordered the suspension of four new transgenic cotton hybrid varieties in Nigeria.

The varieties were said to have been registered by the National Committee on Naming, Registration and Release of Crop Varieties, Livestock Breeds and Fisheries on 26 March 2026 without the requisite approval of the biosafety agency.

According to the agency, its findings confirmed that confined field trials and related activities involving the varieties were conducted without prior authorisation, inspection, or regulatory oversight.

The suspension underscores ongoing challenges around biosafety compliance and regulatory oversight in Nigeria’s biotechnology sector.

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Business

REA Ends 16 Years of Darkness in Two Kano Communities

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BY GABRIEL MICHEAL—The Rural Electrification Agency (REA) has again advanced its goal of deepening electricity access across the country with the commissioning of two mini-grid projects in Kano State after over sixteen years of darkness.

The agency commissioned two projects comprising a 195kWp system in Ballagaza and a 70kWp system in Marayar Rogo, located in Warawa, which will serve 2,222 households ending over sixteen years of darkness.

Speaking at the ceremony, the Managing Director of REA,  Abba Aliyu, described the project as another step toward achieving the Renewed Hope Agenda’s goal of electrifying over 17 million Nigerians.

He described the project as a strong example of what public-private partnerships can achieve.

He also thanked the Kano State Governor, Abba Kabir Yusuf for identifying electricity as a key deliverable of his administration and for providing a conducive environment for the execution of the project.

“The Federal Government did not build these mini-grids and hand them over. Alfuttaim Nigeria Limited invested its own money, built them, and will own and operate them for many years. What the government did, through the DARES programme delivered by the REA with support from the World Bank, was to subsidize part of the cost to ensure the electricity is affordable for you.”

“Under DARES, Nigeria is working toward 1,350 mini-grids, and the programme has already brought new or improved electricity to more than five million Nigerians. Our country still has more people without electricity than any other nation in the world. That challenge will not be solved by a single agency or programme; it will be solved community by community, in places like Ballagaza and Marayar Rogo, when private companies are willing to invest and communities take ownership of what is built for them. The government’s job is to keep its word to both,” he said.

The Gabazawa community which is known for groundnuts, millet, sorghum, and soya, as well as its blacksmiths, weavers, and dyers, will experience advanced production, allowing groundnuts to be pressed into oil and kuli-kuli using electric machines and sold at a better price.

The mini-grid project will also serve the primary healthcare centre in the Gabazawa community, which has previously been without power.

In her remarks at the event, the Co-founder of Alfuttaim, Dr. Nabilah Sani, expressed delight at the completion of the project, noting that it will not only power homes but also boost agricultural productivity.

She thanked the Federal Government for facilitating the funding that brought the project to fruition while noting that these are just two of ten sites currently under development in Kano.

She further urged residents of the community to protect the infrastructure as their own and shun vandalism.

The post REA Ends 16 Years of Darkness in Two Kano Communities appeared first on Business Today NG.

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CBN grants JP Morgan approval-in-principle to set up merchant bank

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The Central Bank of Nigeria (CBN) has granted approval-in-principle to JP Morgan to set up a merchant in the country.

The move eases the path for the US largest bank to expand its services – payments, lending, trade finance and corporate banking – in Nigeria, where it has operated a representative office for years.

JP Morgan Merchant Bank Nigeria Limited plans to run wholesale banking, capital markets and advisory services, Michael Akuka, the CBN’s director of corporate communications and investor relations, said in a statement on Friday.

The approval-in-principle is the first phase of the licensing process, and does not translate into an ultimate banking permit.

JP Morgan needs to clear further regulatory hurdles such as incorporation with the Corporate Affairs Commission and operational approvals before it can commence operations, the regulator stated.

The push comes amidst hordes of banking sector reforms in Africa’s most populous country, aimed at bolstering the financial system, enhancing market confidence and boosting resilience.

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According to the statement, the CBN also approved the nomination of Adedapo Olagunju as the managing director of the bank and Latter Kevin George, Nzelu Chinedum Izunwanne and Syed Gabriel Murtaza as non-executive directors.

“Our objective is to build a financial system that is stable, competitive and internationally connected, one that commands confidence and can effectively support investment and economic growth,” said CBN Governor Olayemi Cardoso.

READ ALSO: CBN outlines market infrastructure supporting Nigeria–China financial flows at Beijing investor forum

“We are encouraged by the growing interest of international financial institutions in Nigeria. Our focus remains on sustaining the reforms, strengthening the credibility of our markets and creating an environment in which both domestic and international institutions can participate and thrive,” he added.

On Tuesday, Bloomberg, citing sources with knowledge of the deal, reported that JP Morgan was on course to secure a banking licence in the country after depositing N50 billion ($38 million) with the CBN.

It noted that the bank hopes to receive the licence by year-end or in early 2027, provided it is able to obtain all the requisite approvals

P Morgan’s presence in Nigeria dates back to 1961, when Chase Manhattan Bank, which later evolved into JP Morgan Chase & Co., opened a branch in Lagos, providing a wide range of commercial banking services to local businesses and individuals.

A year earlier, Chase International Investment Corporation, a unit of Chase Manhattan Bank, served as the lead partner in organising Nigerian Textile Mills in Lagos, regarded as the first major private industrial project with an American interest in Nigeria.


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