Guinness Nigeria commits to sustainability through waste management

NIGERIA - Guinness Nigeria Plc has beefed up its commitment to waste management through a partnership with Wecyclers, an enterprise that promotes environmental sustainability, socioeconomic development, and community health, reports Vanguard. The partnership delivers on the company’s 4R waste management strategy covering Reduction, Reuse, Recovery and Recycle. It also addresses global concerns on the impact…

Nigeria to import more rice and wheat as consumption needs rise

NIGERIA - Nigeria, one of the largest economies in Africa is set to import more grain supplies; wheat and rice to meet increasing consumer needs, consumption rates impacted by an influx of refugees in the country. According to a report by the Global Agricultural Information Network (GAIN) of the USDA, the country’s rice production is…

Investors to pump US$693.7m in Nigeria rice production

NIGERIA - Investors in the Nigerian rice industry are planning to invest about US$693.7 million to enhance domestic production and save on importation costs the country has always incurred. The Guardian Nigeria reports that the announcement was made by the Minister of Agriculture Audi Ogbeh during a Rice Conference organised by Agro Nigeria. This is…

Flour Mills of Nigeria undertakes wheat seeds multiplication initiative

NIGERIA - Flour Mills of Nigeria has announced that it is undertaking a wheat seeds multiplication initiative by cultivating 75 hectares of wheat farms in Nigeria, according to the newspaper PM News. The company has made the program possible by providing farmers with certified and high-quality wheat seeds and fertilizers. In addition, through a collaboration…

Cadbury Nigeria launches new program to promote healthy living

NIGERIA - Cadbury Nigeria has launched a healthy lifestyle programme to promote healthy living among children and families by providing nutrition education, active play and fresh foods. This is part of Mondelēz International Foundation’s US$50 million multi-year initiative to promote healthy lifestyles and address obesity in ten countries including Argentina, Australia, Egypt, France, Nigeria, Russia,…

Unilever Nigeria aims to achieve 100% in local sourcing by 2019

NIGERIA - Unilever Nigeria has embarked on local sourcing of raw materials by partnering with local partners to enhance capabilities in production with an aim to achieve 100% in local sourcing by 2019. In collaboration local and intermediary companies, Unilever is building on long-term relationship with its strategic partners with a focus on value and…

Olam considers expanding into fish farming in Africa to tap on growing demand

NIGERIA - Olam, Singapore-based global agribusiness company is conducting a feasibility study on fish farming in West Africa, especially Nigeria as it considers expansion strategy in a continent where protein demand is rising. A surge in population growth, rising incomes and urbanization are mounting pressure on the livestock sector to meet the growing demand for…

Cadbury Nigeria returns to profitability in full year 2017

NIGERIA - Cadbury Nigeria Plc, reported its full year 2017 results on Monday, with the Bournvita maker posting a net profit of ₦300m ($826,000). In the same period in 2016, the company recorded a net loss of ₦296m. The positive performance was driven by a 10% growth in sales to ₦33bn ($90 million) from ₦29.9bn.…

Krispy Kreme enters Nigeria, to invest US$7m in 20 outlets

NIGERIA - Krispy Kreme Doughnut Corporation, an American doughnuts and coffee brand is investing US$7 million in a network of outlets as it begins its journey into the Nigerian food and beverage market, offering 16 different varieties of doughnuts, as well as Nigerian blended coffee. The company says that its expansion into the Nigerian market…

Flour Mills of Nigeria commissions 100,000 tonnes sugar mill and estate

NIGERIA - Flour Mills of Nigeria Plc, Nigeria’s market leader in food and agro-allied products,  has commissioned the Sunti Golden Sugar Estate valued at US$139.5million(N50 billion), located in Niger state of the country. Consisting of a sugar estate and a mill, the new new sugar plantation has capacity to produce 1 million tons of sugarcane…