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Nigeria
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Nestlé Nigeria records US$31.8M profit after tax for Q1 2025, restoring its profitability
Revenue surged by 61% to NN294.885 billion (US$183M), compared to N183.484 billion (US$114M) in Q1 2024.
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BUA Group signs contract for 2 MMT wheat handling infrastructure in Port Harcourt
The contract was formalized at a signing ceremony in Dubai, attended by Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group, and Okcul Barlik, CEO of Agrimac Makina Limited.
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IITA’s new maize hybrid delivers on yield, resilience in Nigeria
SAMMAZ77 achieved 5–35% higher yields under combined stressors of fall armyworm infestation, Striga parasitism, and severe drought.
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BUA Foods’ Q1 profit soars 124% on strong staple demand
The company’s revenue also climbed 24% year-on-year to N442.1 billion (US$363.6 million), buoyed by strong performances in flour, rice, and pasta segments.
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Nigeria becomes top African buyer of Russian wheat, soaring fivefold in Q1 2025
This dramatic rise positions Nigeria as a key player in Russia’s expanding agricultural trade with Africa.