Tag "olam"

    Olam invests N54bn in Nigeria’s wheat, pasta industry

Olam invests N54bn in Nigeria’s wheat, pasta industry

Olam Nigeria has announced that its Singapore-based holding company, Olam International Limited, is investing N54 billion ($275 million) in Nigeria’s wheat milling and pasta manufacturing industry.The investment was for the acquisition of Amber Foods Limited, which through its 100 percent owned subsidiary, Quintessential Foods Nigeria Limited, owns the wheat milling and pasta manufacturing assets of the BUA Group in Nigeria.The BUA [...]

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    Nigeria to become Africa’s largest rice exporter ‘in 5 years’

Nigeria to become Africa’s largest rice exporter ‘in 5 years’

The minister of agriculture and rural development, Dr Akinwumi Adesina, has projected that Nigeria would become Africa's largest exporter of rice in five years.Adesina spoke on Monday during the inaugural ceremony of the 105,000-tonne capacity Olam Rice Mill in Rukubi, Nasarawa State.He said that the federal government, in collaboration with the private sector, was determined to make the country a [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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