Nestlé Nigeria Plc announced its financial results for first quarter of 2018. The company continued its momentum from 2017 delivering a revenue of N 67.5 billion for Q1 2018, a growth of 10.3% over Q1 2017.
Olalekan Akinseye runs a clothing entity in Nigeria that is tapping the evolving nature of fashion and the apparel industry to champion the war on cancer. He spoke to Africa Business Communities about the milestones and ambitions of the venture.
The President of the African Development Bank Group, Akinwumi Adesina, was honored with the 2017 Gene White Lifetime Achievement Award by the Global Child Nutrition Foundation in Washington D.C., on Tuesday, 13 June 2017.
The Dangote Group shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor.
GBfoods, a leading multinational food company headquartered in Barcelona, and Helios Investment Partners, a premier Africa-focused private investment firm, have partnered to create one of Africa's largest FMCG businesses.
Dangote Flour Mill (DFM) owned by Africa’s richest man, Aliko Dangote announced that it has sold its noodles business and assets to Dufil Prima, makers of Indomie noodles for an undisclosed amount.
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016.
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spare headed the backward integration policy introduced by the government.
The management of Dangote Salt and the National Agency for Food and Drugs Administration and Control (NAFDAC) have expressed their readiness to collaborate and corroborate efforts to rid the food market of unwholesome practices by unscrupulous traders.