Cream Liqueur sees growth with new players, more flavours

Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »

Category Archives: Dairy

Circular Economy: Stakeholders urge Effective Plastic Waste Management

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As countries across the world sustain the drive towards mitigating the dangers of non-degradable waste, participants at the CEO Roundtable on Sustainability have hinted that Nigeria stands a good chance of bending the curve in good time, only if the private and public sector can collaborate strategically. Aside policy making, the panel recommended strategic timelines for executing each step of the national plan on circular economy.

Arla Foods, Kaduna State to scale-up dairy farming scheme

Danish dairy firm, Arla foods has partnered with the Kaduna State Government to establish a dairy development programme. The scheme would involve 1,000 families of herdsmen with 12,000 heads of cattle with an overall objective of developing the dairy sector.

Symrise opens new Lab in Nigeria

Flavoring and fragrance manufacturer, Symrise has opened its new application laboratory in Lagos. The launch which took place on 4th September 2019 was attended by the company’s management team from Germany as well as customers and guests.

According to the company, the launch of the new lab is meant to deepen the company’s presence in West Africa and to service Nigeria’s consumer demands by sourcing production inputs locally.

PZ Cussons Nigeria posts full-year revenue and profit decline amid low consumer demand, competitive pressure

PZ Cussons Nigeria Plc has reported declines in its revenue and profit for the full-year ending in May 2019.

The consumer goods company said that revenue fell by 7.72% to N74.3bn from N80.6bn in 2018, impacted by low consumer demand, which in turn was driven by macroeconomic conditions as well as competition from rival brands.

Flavourings Company, Symrise set to open new facility in Nigeria

German-based Symrise, a global manufacturer of flavourings, fragrances, cosmetic active ingredients, and raw materials has announced it will be opening a new laboratory in Lagos on 4th September, 2019 following a media tour of the facility.

The event will mark a new chapter in the company’s interaction with Nigeria, having maintained a sales presence in the country for more than 30 years.

Commercial banks told not to extend loans to milk importers – CBN

The Central Bank of Nigeria (CBN) has given a new directive to commercial banks to stop providing loan facilities to milk importers in the country.

In a circular to banks on Tuesday, the CBN said milk imports will no longer be eligible under payment terms known as “bills for collection” which allowed the importer to buy on credit. Instead, importers would need to fund their naira accounts and open letters of credit, bankers said.

Employer’s Union appeal to government to engage private sector in talks on forex ban on food import

The Association of Food, Beverage and Tobacco Employers (AFBTE) has called on the Federal Government to go into talks with the Organised Private Sector (OPS) and other concerned stakeholders in the food industry in a bid to find lasting solutions to the government’s plan to restrict foreign exchange on food imports.

Promasidor Management visits Ekiti State on Ikun Dairy Farm Resuscitation

Promasidor Nigeria Limited, makers of a wide range of dairy products including Cowbell milk, Loya milk, Miksi milk and others took its management on a working visit to Ekiti State to hold further discussions on the newly announced partnership between the company and the State Government with regards to backward integration and resuscitation of Ikun Dairy Farm.

President Buhari orders CBN to halt Forex provision for food imports

President Muhammadu Buhari on Tuesday ordered the Central Bank of Nigeria (CBN) to stop making foreign exchange available to food importers, saying that the directive is to ensure the steady improvement in agricultural production and to attain full food security.

The statement was made while the president hosted his party’s, All Progressive Congress (APC) governors to eid-el-Kabir lunch at his country home in Daura, Kastina State.

NECA urges CBN to suspend planned forex restriction on milk imports

The Nigerian Employers Consultative Association (NECA) has appealed to the Central Bank of Nigeria (CBN) to suspend its planned forex restriction on milk imports, saying that the initiative could potentially cripple businesses in the sector.

The call was made by the Director-General of NECA, Mr Timothy Olawale, on Thursday at a business forum in Lagos, while speaking on the need to gauge the suitability or otherwise of the policy at this time. He noted that the apex bank should engage in extensive consultation with all stakeholders by creating an environment that would enable it to weigh the merits and demerits of the policy in the long term.