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Farooq

Posts Tagged "food"

HomePosts Tagged "food"

The Dangote tomato processing factory in Kadawa, Kura local government area of Kano state, is to resume production in February. The company, which began production in February 2016, had to suspend operations due to shortage of raw materials. Abdulladir Kaita, managing director of the company, disclosed this in an interview with the NAN on Tuesday in […]

The 450,000 metric-tons capacity Erisco Foods Limited, Nigeria’s largest tomato processor with an investment of $150 million, has announced its planned exit from Nigeria owing to its inability to get foreign exchange with which to import tin plates and concentrates. The company said it is now moving to China from where it will produce and […]

The Central Bank of Nigeria (CBN) said it will fund the rice milling plant for the 2000-hectare Coscharis Farm located at Anaku, in Anambra State, to ensure that the product is made available to consumers. Besides, the apex bank has reassured that it’s ready to support any entrepreneurial initiative aimed at liberating the country from […]

The Managing Director of Primlaks Group, Anil Hemnani has unveiled the firm’s plans to achieve import substitution for French fries through its backward integration agenda and processing of yam fries. According to him, with about N2 billion invested in its processing facility and a plan to expand its current capacity, Nigeria may save about $45 […]

LAGOS, June 14 (Reuters) – Annual inflation in Nigeria quickened to a more than six-year high of 15.6 percent in May, the fourth consecutive month in which it has accelerated, the National Bureau of Statistics said on Tuesday. A sharp drop in oil prices has slashed government revenues. The country relies on crude sales for […]