Nigeria

Rice Seen Extending Biggest Loss In Three Years on India Monsoon

Rice prices may extend losses after the biggest quarterly drop in three years as a revival in India’s monsoon rainfall helps boost global production...

Guinness Nigeria To Export Beer To South Africa To Add Sales

Guinness Nigeria Plc plans to increase exports to improve sales and generate more foreign exchange, as the country’s second-largest brewer battles to...

Nestlé Nigeria Sees Margins Pressured As Inflation Weighs

Nestlé Nigeria Plc, a unit of the world’s biggest food company, will struggle to maintain profit-margin growth in 2016, as the highest inflati...

As Cities Swell, West Africa’s Appetite For Rice Is Growing

Rice is fast becoming West Africa’s preferred food. After four decades of importing the staple, the region now aims to grow enough rice to meet domes...

Guinness Nigeria's Profit Tumbles During Economic Downturn

Guinness Nigeria Plc, the country’s second-biggest brewer, said profit fell 83 per cent in the nine months through to the end of March during a downt...

Nigeria Cocoa Midcrop Harvest Seen Down on Harsh Weather

Nigeria’s cocoa midcrop output may decline by as much as 60 per cent as prolonged dry weather takes a toll on the trees, the country’s cocoa as...

Nigeria’s Hot, Dry Weather Causes Underweight Midcrop Cocoa

A prolonged dry spell in Nigeria’s main cocoa-growing areas has caused a poor yield in the country’s midcrop, with most of the beans below the...

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