Milling & Grains – INVESTMENTS, FUNDING & M&A

The addition of an alternative brand could lead to price competition and potentially improved access to maize meal

The event marked the start of construction on the major project, a strategic move to boost local production and enhance national food security.

The 40TPH feed mill factory, once completed, is projected to significantly expand domestic feed production capacity.

The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.

The deal, signed on November 4, covers the construction of factory buildings, warehouses, and supporting infrastructure for the project.