The Heineken Foundation funds infant mortality intervention in Nigeria

NIGERIA – The Heineken Foundation, through Nigerian Breweries Plc has signed a memorandum of understanding with University of Benin Teaching Hospital (UBTH) committing US$116,000 to tackle infant mortality. While making the commitment, Managing Director/Chief Executive […]

CHI Limited introduces new can packaging for Chi Exotic fruit juice and Chivita Ice Tea

NIGERIA – CHI Limited, a major producer of juice brands in Nigeria has launched a new packaging for Chi Exotic fruit juice and Chivita Ice tea, introducing it in cans. According to the company, the […]

Champion Breweries reports profit growth driven by surge in sales

NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria reported strong profit growth for the full year 2019. The company’s profit rose to N169m (US$0.4m) from a loss of […]

PZ Cussons to sell its Nigerian dairy business to FrieslandCampina WAMCO

NIGERIA – UK-based consumer products company, PZ Cussons has reached an agreement to divest its Nigerian dairy business, Nutricima to Holland’s Royal FrieslandCampina Nigerian subsidiary, for an undisclosed sum. PZ Cussons said in a statement […]

Japan donates rice mill to Nigeria’s Edo state to boost rice production

NIGERIA – The Japanese Government has donated a rice mill worth over N26m (US$70,650) to the Edo State Government, as part of efforts to facilitate rice production in the state. According to the Japanese Ambassador […]

Agricultural commodities to significantly boost Nigeria’s US$30bn non-oil export market

NIGERIA – Agricultural exports have been listed among the major revenue generating commodities that have the potential of boosting Nigeria’s revenues from export of non-oil commodities to US$30bn annually. This is according to a recent […]

FMDQ, AFEX to unlock N2.5tn funding for smallholder farmers in Nigeria

NIGERIA – The Financial Market Dealers Exchange and the AFEX Commodities Exchange Limited of Nigeria have signed a Memorandum of Understanding to unlock about N2.5tn funding targeted to support about one million smallholder farmers within […]