The Federal Government has unveiled plans to recapitalise the Bank of Industry (BOI) to N3trn by 2026 as part of a broader strategy to stimulate industrial growth, deepen access to long-term financing, and strengthen Nigeria’s productive base. The recapitalisation forms a key pillar of the National Industrial […]
Category: Agro Business
Agro Business
BUA Foods achieves 91% PAT growth in unaudited FY2025 results
BUA Foods PLC, a leading food manufacturing conglomerate in the West African subregion, has released its unaudited financial results for the year ended 31 December 2025. The results showed strong performances in key financial metrics, in line with market expectations. The Group’s combined revenue for the period was N1.80 […]
Nestlé Nigeria Launches N80m Golden Morn Nationwide Promo
Nestlé Nigeria Plc has launched an N80m nationwide consumer promotion for its Golden Morn cereal brand, offering cash prizes and household items to reward loyal consumers across the country. According to a statement from the company, the promotion, which runs from January 10 to April 15, 2026, […]
Ellah Lakes unveils ₦235bn offer to accelerate growth, expansion drive
Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial company, on Monday unveiled its ₦235 billion Offer for Subscription as part of its next phase of strategic growth and capital expansion. The company unveiled the offer during its comprehensive “Facts Behind the Offer” presentation at the Nigerian Exchange Limited (NGX). The […]
Nigeria Taps $100m Saudi Nigeria Taps $100m Saudi Livestock Market Through Niger State Through Niger State
Nigeria has secured a major breakthrough in its non-oil export drive as Niger State Governor Mohammed Umaru Bago announced a $100m livestock offtake agreement with the Saudi Export and Import Bank to supply meat and related products to the Middle East. Bago, who made the disclosure at the […]
Alternative Bank, AMWMF Partner to Empower Entrepreneurs Nationwide
The Alternative Bank, one of Nigeria’s non-interest financial institutions, has entered into a partnership with the Association of Market Women/Men and Farmers of Nigeria (AMWMF) to boost economic empowerment and expand financial inclusion for millions of grassroots entrepreneurs across the country. The initiative, launched in collaboration with Sterling Financial […]
Notore Chemical Completes Plans To Delist From NGX
Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders. In a notice issued to the NGX and made available to the investing public […]
PZ Cussons Exits Palm Oil JV as Wilmar Buys 50% Stake for $70m
PZ Cussons plc and Wilmar International Limited jointly announce Wednesday (Today) that the two parties have agreed definitive terms for Wilmar to purchase the 50 per cent equity stake in PZ Wilmar Limited held by PZ Cussons plc, for cash consideration of $70m. According the transactional document, completion of […]
FG, Nestlé Nigeria Partners To Launch Dairy Technical Skills Development Program
Nestlé has said that it is in collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and […]
BUA Foods’ Sugar Share Falls to 48% Amid Rising Food Inflation
BUA Foods Plc reported a 24 per cent year-on-year revenue growth to ₦442.1bn in Q1 2025, but its Sugar division—traditionally its largest revenue contributor—saw its share fall to 48 per cent, down from 67 per cent in the same period last year. The decline was driven by a significant drop […]