NIGERIA – Nigeria’s wheat production is forecast to increase by 42% in the 2023-24 marketing year primarily due to a memorandum of understanding signed by the Flour Millers Association of Nigeria (FMAN) to purchase wheat at a competitive price, the US Department of Agriculture has reported. According to USDA, severe repercussions from Russia- Ukraine war which distracted imports from the…
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Golden Agri Inputs Limited receives US$1.23M investment to boost maize and soybean production in Nigeria
NIGERIA-Golden Agri – Inputs Limited (GAIL), a subsidiary of Flour Mills of Nigeria Plc (FMN), has received 562.9 million naira (US$1.23M) in co-investment grants from Trade and Investment Hub (Trade Hub)- a USAID-funded initiative in West Africa. GAIL is co-investing over 3 billion naira (US$ 6.7M) into the agricultural productivity initiative which targets to help 10,000 small holder farmers to…
Read MoreGolden Penny launches new noodles flavor in push to broaden customer options
NIGERIA–Golden Penny Foods, a subsidiary of Flour Mills of Nigeria Plc (FMN), has launched a new noodles flavor named Golden Penny Jollof Hot Hot noodles. Launching just before the festive season, the new spicy noodles came in a 70g pack, are fortified with protein, vitamins, and minerals and are said to be a great source of energy. The move to…
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