Nigeria’s Food Inflation Drops for First Time in Seven Months Amid Harvest Season
Nigeria’s food inflation, the largest component of the consumer price index, eased in August for the first time in seven
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Agriculture
AFC Commits $600m to Dangote in Drive to Build World’s Largest Fertiliser Platform
Africa Finance Corporation (AFC) has approved a $600 million facility to support a $7 billion fertiliser expansion programme by Dangote
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Dangote Boosts Ethiopia Fertiliser Plant Investment to Over $4bn with New Facilities
Aliko Dangote, president of Dangote Industries Limited, has raised the company’s planned investment in its Ethiopia fertiliser project from $2.5
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BUA Foods Posts Higher Q1 Profit Despite Revenue Decline
BUA Foods Plc reported a higher profit after tax in the first quarter of the year, despite posting lower revenue
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Fast-Food Firm Mr Bigg’s Trim Q1 Loss Amid Store Closures
UAC Restaurants Limited, operator of the Mr Bigg’s and Debonairs Pizza quick service restaurant brands in Nigeria, reduced its first-quarter
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US Reopens Credit Lifeline for Nigeria Food Imports, Targeting Surge in Farm Trade
The United States is scaling up support for agricultural trade with Nigeria by revitalising the U.S. Department of Agriculture’s Export
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Moniepoint Buys Restaurant Management Firm Orda Africa
Moniepoint Inc. has announced the acquisition of Orda Africa, a cloud-based restaurant management platform operating in Nigeria. Under the terms
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Nigeria’s Single-Digit Food Inflation Short-lived as Prices Surge Amid Ramadan
Nigeria’s return to single-digit food inflation has proven short-lived as prices rose in February as the start of the holy
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Dangote Sugar’s Annual Loss Narrows to N64bn
Dangote Sugar Refinery posted a loss after tax shrank to N64.12 billion last year from N192.62 billion in 2024. The
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Dangote’s Salt Refiner NASCON Triples Dividend as Profit More Than Doubles
Nascon Allied Industries Plc (NASCON), a subsidiary of the Dangote Group and a major player in the Nigerian salt refining
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