Tag Archives: FrieslandCampina WAMCO Nigeria Plc

Forex restriction on dairy likely to lead to higher milk prices, says milk producers

Milk producers in the country have said that foreign exchange restriction on milk imports would ultimately lead to higher prices of milk products for consumers.

“Of course, it will definitely affect prices. There is a difference of about N55 or N60 per dollar between the exchange rate on the black market and the interbank market,” said the General Manager, External Affairs, PZ Cussons, Mohammed Tahir at a dairy Congress in July.

Four local firms soon to begin local production of milk, says CBN

dairy

The Central Bank of Nigeria (CBN) has said that four dairy firms have commenced the process for the local production of milk.

The CBN Governor, Godwin Emefiele made this known in Abuja on Thursday. He said the companies are FrieslandCampina WAMCO, Neon Agro, CHI Limited and Irish Dairy. The companies, he noted have all expressed interest to invest in Bobi Grazing Reserve in Niger State.

Bobi Grazing Reserve located in Mariga Local Government Area is part of 26 Grazing Reserves gazette under a livestock development initiative by the Niger State government in partnership with the CBN.

CBN mulls ban on forex for dairy imports to boost local production

The Central Bank of Nigeria (CBN) is said to have concluded plans to restrict foreign exchange availability for dairy imports in a bid to boost local production and investment in ranches.

Sources privy to discussions held between the CBN Governor, Godwin Emefiele and milk producers said that he told them that foreign exchange would soon be restricted for dairy imports at both the official exchange and parallel markets if they do not invest in ranches, a move he said would reduce the ongoing farmers and herders conflict in the country.

FrieslandCampina WAMCO partners 2Scale to transform local milk production in Nigeria

The Netherlands’ Minister for Foreign Trade and Development Cooperation, H.E. Mrs. Sigrid Kaag has affirmed that given the consistent result FrieslandCampina WAMCO has recorded in local milk sourcing, Nigeria has the right partner to stimulate growth in the industry.

FrieslandCampina WAMCO posts 6% revenue growth in 2018

FrieslandCampina WAMCO Nigeria PLC, makers of high quality milk brands, Peak and Three Crowns, reported its full year 2018 results on Tuesday, with revenue growing 6% to N149.2bn compared to N140.1bn it recorded in 2017.

The nation’s largest dairy producer said it faced macroeconomic, infrastructural and security challenges during the the year under review despite slight improvement in the economy from the previous year. It highlighted improvements to include economic growth of 1.93% from 0.82% in 2017, according to the National Bureau of Statistics. Foreign exchange rates also remained stable except for the fourth quarter when the Central Bank of Nigeria (CBN) reduced intervention, forcing manufacturers to source for FX from Investor & Exporter Window, which drove up input costs for manufacturers.

Peak serves farewell breakfast to Super Eagles team as they head out to Egypt for the 32nd African Cup of Nations

Peak, the official milk sponsor of the Super Eagles served the team a sumptuous farewell breakfast in Asaba over the weekend as they departed for Egypt to partake in the 32nd African Cup of Nations tournament which is set to begin on 21st June.

Present at the breakfast session were all 25 players of the squad as well as officials of the nation’s football team.

FrieslandCampina WAMCO fetes 1,000 Dairy farmers to mark World Milk Day

FrieslandCampina WAMCO, makers of Nigeria’s leading dairy brands, Peak and Three Crowns treated over 1000 dairy farmers, to a surprise Peak Breakfast as part of activities to celebrate the 2019 World Milk Day.

Addressing farmers at the event in Iseyin, Oyo State, the Managing Director, FrieslandCampina WAMCO, Mr. Ben Langat, commended the dairy farmers under its Dairy Development Programme (DDP) across 90 communities on the progress made so far, especially their recent record of supplying 27,045 liters of milk in one day, years after the first 400 litres daily collection to Fashola in 2011.

FrieslandCampina WAMCO Opens World-class Dairy Training Academy

FrieslandCampina WAMCO Nigeria Plc, leading dairy giant and producers of Peak and Three Crowns milk, has unveiled WAMCO Academy, a world class training centre, as part of the company’s efforts to promote its business and employees’ growth. The unveiling ceremony took place on Tuesday April 30 within the company premises in Lagos.

FrieslandCampina WAMCO partners IFDC to increase milk production in Nigeria

FrieslandCampina WAMCO has partnered with the International Fertilizer Development Center (IFDC), a science-based public organization, in a project that aims to boost milk production for pastoralist milk producers in Nigeria.

Along with IFDC, the company said it will work together with pastoralist milk producers in Oyo State, to boost the quality and quantity of local milk and improve the livelihoods of farmers.

Peak milk donates wheelchair accessible bus to Nigeria Para-powerlifting Federation

FrieslandCampina WAMCO Nigeria Plc, makers of Peak milk, presented a new mobility bus with wheelchair access to the Nigeria Para-powerlifting Federation on Tuesday, February 5, at the company’s headquarters in Lagos thus fulfilling its promise to the Para-powerlifters.