Palm oil producers in Nigeria have been posting record revenues and profits in the past 5 years.largely on account of import restrictions that more or less guaranteed their position as suppliers of last resort to diverse commercial and individual users, As reported by BusinessDay, showing Nigeria importing less palm oil as local producers report expansions, there are also opportunities in the…
BUA Foods Plc, a newly consolidated food conglomerate led by Nigerian billionaire businessman Abdul Samad Rabiu, reported a profit of N69.76 billion ($167.84 million) at the end of its 2021 fiscal year thanks to a double-digit percentage increase in revenue.
BUA Foods’…