FMCG

31 Ships Laden With Petroleum Products, Foods Arrive Lagos Ports

Thirty-one ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos between Tuesday and Jan. 1.

The Nigerian Ports Authority (NPA) made this known in its daily publication, Shipping Position, a copy of which was made available to newsmen on Tuesday in Lagos.

It said that the ships contained general cargoes, containers, steel products, buck wheat, rice, bulk sugar, bulk salt, base oil, crude palm olein, bulk charcoal, steel products, empty container and petrol.

Tiger Brands to Sell Stake in Nigerian Unit to Dangote Industries

South Africa's Tiger Brands said it would sell its 65.7 percent stake in its loss making Nigerian division to Dangote Industries Limited for $1.

Tiger Brands, South Africa's biggest consumer foods maker, said Dangote Industries will give Tiger Brands an immediate cash injection of 0.7 billion rand ($46.1 million).

Tiger Brands will assume and settle the unit's debt of 0.4 billion rand.

NGO to Train 1m Youths in Agriculture

An Abuja-based Non-Governmental Organisation (NGO), the Salad Greenhouse Nigeria Ltd, said it would train 1,000,000 youths in various agricultural practices.

Aliyu Ibrahim, the Managing Director of the NGO, said the programme, tagged ``one million Youths in Commercial Agriculture in Nigeria and Grassroots Organic Agriculture Technology Initiative,’’ would begin in the first quarter of 2016.

Nigeria to Release its First Genetically Modified Produce by 2018

The Open Forum on Agricultural Biotechnology (OFAB) says Nigeria will release its first genetically modified agricultural produce by 2018.

The Country Coordinator of the forum, Mrs Rose Gidado, made the disclosure in an interview on the sidelines of a media and stakeholders forum in Abuja on Wednesday.

She said the first agricultural produce, which would be biotechnology cowpea (BT cowpea), would help farmers improve their yields.

Rice Farmers’ Association Urges Members to Access CBN’s ₦20B Loan

The Rice Farmers’ Association of Nigeria (RIFAN) on Wednesday advised its members to take advantage of the Central Bank of Nigeria’s N20 billion loan to boost their productions.

Mr Segun Atho, the South-West Zonal Coordinator of the association, gave the advice in an interview with the News Agency of Nigeria in Lagos.

He said that N20 billion out of the N200 billion loan approved by the Federal Government was meant for rice farmers to develop the agriculture sector.

FG to Build 200 Artificial Insemination Centres –Ogbeh

The Federal Government will build 200 new artificial insemination centres across the country to boost agricultural activities, Minister of Agriculture, Audu Ogbeh, has said.

Ogbeh made the statement on Tuesday in Kano while launching the 2015 dry season farming for wheat and rice farmers in the state.

He said the project was aimed at improving production of milk and meat through cross breeding using insemination of local livestock.

Agric Firm Spends ₦300m on Rice Production in Kebbi

A Chinese firm, Green Agriculture West Africa Limited (GAWAL), involved in rice production said it had invested about N300 million to boost the production of the commodity in the country.

Mr Wang Xuemin, Branch Director, Agro-input Trade Business department of the company based in Ngaski in Kebbi state, disclosed this in an interview.

Xuemin said that part of the amount was spent on the purchase of rice seeds purchase for planting from farmers in the area.

South Africa's Tiger Brands Rethinks Expansion After Nigeria Hit

South Africa's Tiger Brands took a $120 million hit on Thursday as it wrote-off the full value of its loss-making Nigeria unit, prompting a rethink of its sub-Saharan Africa expansion strategy.

South Africa's biggest consumer foods maker has not made a profit from Nigeria's Dangote Flour Mills (DFM) since paying nearly $200 million for a 65 percent stake in the pasta and flour maker three years ago.

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