Okomu Oil Palm Company is one of the top-two palm oil producers in Nigeria, having commenced agricultural production in 1979. Located in Benin City in Edo State, Okomu has gone from solely producing fresh fruit bunches to crude palm oil (CPO). In addition, it fully kicked off rubber production in 2008. With a total plantation area of over 18,...
PZ Cussons Nigeria (PZ) is the largest subsidiary of the global PZ Cussons group, accounting for around 40% of international sales. The company has enjoyed tremendous success in Nigeria and is among the largest firms in the fast-moving consumer goods sector. PZ operates in four segments: personal care, home care, food and nutrition, and...
UAC of Nigeria (UACN) is a leading conglomerate, operating in the food and beverages, real estate, paints and logistics sectors. UACN’s business portfolio includes UACN Property Development Company (UPDC); UAC Foods, a joint venture with Tiger Brands; MDS Logistics, which has investments in the development of pharmaceutical distribution hubs...
The insurance sector has seen rapid grown in recent years. In 2015 Nigerian underwriters reported total gross written premiums (GWPs) of nearly N350bn ($1.1bn at the time of printing) according to data released by the Nigerian Insurers Association, an industry group. This figure was up around 19% on the previous year. In light of the pace of...
Dangote Cement’s (DanCem) foray into cement manufacturing started in 2000, with its acquisition of the federal government’s equity stake in the Benue Cement Company. With investments in excess of $5bn, DanCem’s rise to the top has transformed the industry, taking the sector’s installed capacity in Nigeria from around 4.8m tonnes in 2000 to...
The strongest selling points of the Nigerian Stock Exchange (NSE) are the reforms and new products it is putting in place, together with the sizeable pools of funds available domestically for investment – a point often missed on cursory examination. However, the state of the economy today is not positive for the exchange. We could cite, inter...
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