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Farooq

Posts Tagged "local products"

HomePosts Tagged "local products"

Food and beverage companies operating in Nigeria can no longer import grains as a result of their inability to access foreign exchange. These firms are forced to look inwards, thus making them to scramble for available grains in the market. This is said to be one of the reasons for the shortage of grains and […]

Nume Ekeghe with agency report Flour Mills of Nigeria Plc, the country’s biggest miller by market value, has said a shortage of dollars in Africa’s most populous nation is boosting sales as buyers starved of the United States currency buy more food products locally. “Everyone is trying to see how to source locally and that […]

By Anamesere Igboeroteonwu ONITSHA, Nigeria Nov 3 (Reuters) – A Nigerian tomato paste plant said on Thursday it is shutting down, firing 1,500 staff and moving abroad as it is unable to obtain the hard currency it needs to operate, in a public embarrassment for President Muhammadu Buhari and his plan to diversify the economy. […]