FCCPC moves to uphold market integrity in Nigerian food chain sector

  The Federal Competition and Consumer Protection Commission (FCCPC) is seeking measures to prevent further increases in food prices in Nigeria. According to statement signed by the Executive Vice Chairman of the Commission, Dr Adamu Abdullahi, the Commission said the Organization is aware of media reports indicating that the Honourable Federal High Court has ordered […]

 Farmceries wins FSI innovation challenge

A Nigerian agriculture technology startup, Farmceries, has won the 2024 FSI Innovation Challenge. Farmceries was rewarded with a cash prize of N800,000 and a three-month business incubation program for providing solutions to address challenges within the nation’s agricultural sector. According to a statement, Farmceries clinched the grand prize, while Goalgetters and Smepay emerged as the […]

 Naira depreciation impacts Cadbury, Guinness Nigeria, Nestle, others

 A new report by financial firm Meristem has revealed that major fast-moving consumer goods (FMCG) companies in Nigeria, including Cadbury, Guinness Nigeria, and Nestle, collectively lost a staggering N472.3 billion (US$535.13M) during the first nine months of 2023, primarily due to the depreciation of the Naira.  The Naira depreciated by 38.9 percent against the US […]

Nigeria’s palm oil industry surges, emerges as Africa’s premier palm oil consumer

Nigeria, with a population exceeding 200 million, has proven its sustained agricultural strength and now stands as the leading consumer of palm oil in Africa. According to analysts, Nigeria, despite a historic setback in global production standings during the 1960s, in recent years have witnessed a remarkable resurgence, positioning Nigeria as the third-largest palm oil […]

Enviu, SokoFresh, PREO Unveil Comprehensive SWOT Study In Fish Sector

Enviu, in collaboration with SokoFresh and PREO (Powering Renewable Energy Opportunities), has released a groundbreaking landscape study focusing on Kenya’s fish sector. This extensive research dives into the dynamics of the fishing industry, particularly in marine fisheries and key lakes, intending to foster a profound regional understanding of the sector. The study, spanning Kenya’s Lake […]

Survey Reveals Consumers Demand Health, Sustainability In Food Choices

Food processing and packaging solutions company, Tetra Pak, has said consumers are now actively considering the environment alongside their individual health when buying food and these environmentally conscious consumers, labelled ‘Climatarians’, are willing to alter their eating habits to protect the planet. This is according to the company’s 2023 Index Report, a yearly trend-spotting survey, […]

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