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Nigeria
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BUA Group partners Viteral Integrated Milling Systems to construct 40 TPH feed mill in Nigeria
The 40TPH feed mill factory, once completed, is projected to significantly expand domestic feed production capacity.
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Nigerian bakers sound alarm on wheat dependence amid federal push for local output
The federal government has set a target to generate US$109M in output value from wheat cultivation in the 2025/2026 dry season
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Kiara Rice Mills flags raw material shortages, high capital costs as key constraints to operations
CEO and cofounder Palash Jain said that Kiara processes 100% locally sourced paddy rice, yet still faces acute supply constraints.
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BUA Foods posts 101% profit surge as revenue hits US$989M
The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
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Nigerian rice prices fall by 32% due to oversupply, weakening supplier margins: Platts
The sharp fall in Nigerian market prices is squeezing traders who held long positions earlier in the year expecting carry-over Q2-Q3 price strength.