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Nigeria
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Flour Mills of Nigeria to raise N55 billion (US$70M) as part of its Commercial Paper Programme
NIGERIA – Flour Mills of Nigeria PLC (FMN), one of the largest foods and agro-allied groups, has announced the issue of up to N55 billion…
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Cadbury Nigeria temporarily halts production and sale of Bournvita Biscuits
NIGERIA – Cadbury Nigeria Plc has suspended the production and sale of its recently introduced biscuit brand, Cadbury Bournvita Biscuit, in response to complaints about…
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Nigerian bakers warn of an impending rise in bread prices as cost of production bites
NIGERIA – The Rivers State chapter of the Association of Master Bakers and Caterers in Nigeria has urged consumers in the state to prepare for…
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Dangote Industries merges rice, sugar and salt companies into one powerhouse
NIGERIA – Dangote Industries Limited, the holding company for a variety of firms, has planned a merger of its rice and sugar companies with NASCON…
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Nigerian poultry industry in jeopardy as maize prices skyrockets
NIGERIA – The poultry industry in Nigeria is on the verge of total collapse due to the persistent hike in the price of maize, a…