Africa Food Manufacturing & Safety Summit (AFMASS) Conference & Expo – Western Africa edition

AFMASS Western Africa is the largest food, beverage and milling industry's largest conference and exhibition attended by key decision makers from Western Africa Africa to trade, network and learn the latest processing, packaging and safety technologies. Bringing together delegates and visitors from Nigeria, Ghana, Cameroon, Benin, Ivory Coast and surrounding countries in Western Africa, AFMASS…

Nigerian state government relaunches Gossy Table Water into local market

NIGERIA – The Ekiti State Government, in Southwest region of Nigeria, has commissioned a bottled water production plant marking the relaunch of the ‘Gossy Table Water’ brand a year after the parent company was liquidated. Gossy Water Company was initially established as a joint business venture under Adeniyi Adebayo with the commissioning indicating the commencement…

Nigeria’s International Breweries appoints Olutoyin Modupe to its Board

NIGERIA - International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company. The Nigerian Stock Exchange (NSE) listed firm manufactures and distributes alcoholic and soft beverages in Nigeria under the  Brands; Trophy Lager, Trophy Black, Castle Milk Stout,…

Heritage Bank partners NIRSAL to boost agriculture financing in Nigeria

NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in a bid to improve the agriculture value chain though increasing financing to the sector. The partnership will lead to the identification and secured financing of impactful agribusinesses within all the segments of the agricultural…

Nigeria’s oil palm imports in quarter one hit 112,480mt amid self-sufficiency plans

NIGERIA – Nigeria’s oil palm imports in the three months to end March 30, 2019 reached a total of 112,480 metric tonnes as the country continues to implement strategies to ensure self-sufficiency in oil palm production. According to data from the Malaysian Palm oil Board, the country imported a total of 41,281 tonnes, 8,532 tonnes and…

Nigeria’s Food Concepts Plc to raise US$10m via rights issue

NIGERIA - Food Concepts Plc, a quick service restaurant (QSR) brands operator in Nigeria and West Africa said that it has commenced the process to raise up to US$10 million (N3.6 billion) through issuance of rights issue. The Chicken Republic Brand operator said in a statement that it kicked off the process following shareholders’ approval…

Indomie Noodles opens first ‘Heroes’ store in Lagos to expand operations

NIGERIA - Indomie Noodles, instant noodle giant in Nigeria, has opened its first ‘Heroes’ store in Lagos as part of efforts to expand its business and strengthen its operations. According to the company, the store, located at Ikeja City Mall, will be a  touch point to the brand’s community by providing creative and exciting Indomitables heroes experiences…

FAO launches framework to promote food and agriculture in Nigeria

NIGERIA - The United Nations' Food and Agriculture Organisation (FAO) has launched the Country Programme Framework (CPF), an agricultural program that aims to promote food and nutrition in Nigeria. The CPF is a medium-term priority framework, derived from nationally defined priorities and objectives to be achieved over a five year period of the programming cycle running from…

Nigerian regulator launches electronic seed verification system

NIGERIA – The National Agricultural Seeds Council (NASC) a regulator in the agriculture sector in Nigeria, has introduced an innovative platform for electronic quality verification of seeds and planting materials in the country. The agency which operates under the Federal Ministry of Agriculture & Rural Development, will work with mPedigree as its strategic innovation partner,…

Nigerian Breweries banks on internal transformation to cut down costs

NIGERIA - Nigerian Breweries (NB) Plc says the internal transformation process carried out in 2018 with a high one–off financial cost impact is expected to bring about cost savings impact in 2019. The company listed the transformation processes as including aggressively pursuing the elimination of bad costs thereby freeing up money to be reinvented for business…