Daily Archives: June 26, 2018

Chellarams sales decline worsen in full year as competition, rising cost takes its toll

Chellarams Plc, on Monday reported its financial results for the full year ending 31 March 2018. The diversified conglomerate with interests in the importation and manufacture of dairy products, industrial chemicals and turnkey equipment for the foam and mattress industry said that total group sales declined by 30% to ₦8.7bn from ₦12.4bn in 2017.

FG says proposed cattle ranches not for Fulani herdsmen alone as Benue, Ebonyi deny assent to plan

The Federal Government on Sunday said that the proposed cattle ranches it had agreed to set up with 10 states across the country is not solely for Fulani herdsmen.

According to the government, the scheme which will cost N70bn in the first phase (1 to 3 years) will be for any person who is interested in grazing his cattle in any of the facilities in the 10 states where the pilot scheme will start.