Connect with us


Olam Distributes 3,000 Cashew Seedlings to Farmers



Nigeria to expand Cashew Nut export by 2020
  • Olam Distributes 3,000 Cashew Seedlings to Farmers

A cashew processing company, Olam Nigeria Limited, Edible Nut, Kwara State, on Wednesday, distributed 3,000 hybrid cashew seedlings to selected farmers’ groups in Kwara and Oyo states.

The distribution of the seedlings which was held at the company factory at Ogbondoroko was done in collaboration with the Kwara State branch of the Raw Materials Research and Development Council and the National Cashew Association of Nigeria.

Speaking at the event, the Plant Manager, Olam Cashew Processing factory, Mr Rajeesh Neelanjeri, said that the company embarked on the distribution of improved cashew seedlings to farmers in Kwara and Oyo states for sustainability of cashew crop production in Nigeria.

Neelanjeri who was represented by the factory Manager of Olam Cashew processing factory, Mr Ajibade Idris, said, “For sustainability of the cashew crop, it is very important to plant newer varieties of cashew trees which give higher yield to the farmers and improve the quality of cashew nut.

He added that the company was in collaboration with the RMRDC which has liased with some agricultural research institutes to develop high-yielding, disease-resistant and early -maturing cashew seedlings.

He stated that the seedlings being distributed to the farmers would produce fruits within 18 months with better yield.

In his address, the Director General, RMRDC, Prof Hussein Ibrahim, who was represented by the Kwara State coordinator of the council, Mrs Lydia Adewumi, said that the Federal Government parastatal was established to promote the development and optimal utilisation of Nigeria resources for industrial growth.

He said that the council through its agro boosting programme procures improved seeds from research institutes and seed farms which were distributed to farmers for cultivation.

Speaking on behalf of the farmers’ groups, Mr Gabriel Oyeyemi of Ifesowapo organic farmers, Iresaapa expressed appreciation to the company and promised that the farmers would nurture the seedlings to boost cashew production.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Dangote Sugar Refinery Postpones Board Meeting Amid Social Unrest



Dangote sugar refinery

Dangote Sugar Refinery Has Postponed Board Meeting Scheduled for Today Amid Social Unrest

The management of Dangote Sugar Refinery Plc on Friday said they have decided to postpone the company’s board meeting scheduled to hold today October 23, 2020 to a date they will communicate soon.

The management said the decision was due to the ongoing precarious situation in the country, especially the attacks on various establishments since governor Sanwo-Olu imposed a 24-hour curfew on all parts of the state.

In a statement signed by the company secretary, Mrs. Temitope Hassan, Dangote Sugar Refinery said “Further to our announcement made on October 8, 2020, the Company wishes to notify the Exchange and the investing public that the meeting of the Board of Directors of the Company earlier scheduled to be held on Friday October 23, 2020 to consider the draft unaudited financial statement of the Company for the Q3 ended September 30, 2020 has been postponed in view of the current precarious situation in the country.

“The new date for the meeting will be communicated as soon as normalcy returns. The Closed Period which has already commenced will continue till 24 hours after the filling of the Results.

“No insider of the Company, including its Directors, Employees, Advisers and Consultants and their connected persons may deal directly or indirectly in the Shares of the Company during the Closed Period.

All Dangote Sugar Refinery Plc Insiders have been duly informed.”

Continue Reading


Put a Total Ban on Importation of Tomato Paste, Dangote Tells FG



tomato paste

Dangote Calls for a Complete Ban on Importation of Tomato Paste

Dangote Tomato Processing company has called on the Federal Government to put a complete ban on importation of tomato paste into the country.

Abdulkarim Kaita, the Managing Director, Dangote Tomato Processing Plant situated in Kadawa, Kano State, made the call while flagging off the distribution of tomato seedlings to 5,000 farmers under the Central Bank of Nigeria’s Anchor Borrowers programme.

Kaita, who said the company was working with the CBN to provide tomato farmers with high yield seeds that would allow them to produce a minimum of 40 tons per hectare, said “We are appealing to the Federal Government to put a total ban on the importation of tomato like what it did to rice.”

Kaita said the call was important to deepen local production of tomato and ensure the country was self-sufficient in tomato production.

Speaking further, he said a complete ban of tomato past importation would lead to more investment in the industry and foster growth of processing plants, a move that would increase job creation opportunities for many people in the country.

“It is only by putting a total ban on tomato importation that the government can encourage farmers to grow the commodity for the country to be self-sufficient,” he said.

He added that “There are 12 major tomato producing states in the country which if fully cultivated, in the next one year Nigeria will be able to start exporting tomato.”

Continue Reading


Livestock Feeds Appoints Adegboyega Adedeji as Substantive Managing Director



Adegboyega Adedeji is the Substantive Managing Director

Livestock Feeds Plc on Monday announced it has appointed Mr. Adegboyega Adedeji as the company’s substantive Managing Director, effective from 2nd October 2020.

In a statement released on the Nigerian Stock Exchange (NSE), the company said Mr. Adedeji was the Acting Managing Director of the Company before he was appointed as the Managing Director.

It added that Mr. Adedeji was “formerly the General Manager, Sales and Operations responsible for all sales activities and the strategic development of the Company’s markets, along with new products portfolio generation and development.”

He graduated from the famous Obafemi Awolowo University, Ile-Ife in 1996 and had his MBA from the University of Roehampton, UK in 2018.

He worked with Grand Cereals Limited as Regional Sales Manager before becoming their procurement manager. He moved to UACN Plc in 2007 as the Training Services Manager, a position held till September 2009 before he was transferred to UAC Restaurant.

Continue Reading