Browsing Tag

Euromonitor International

Food vendors start to shake off COVID slump, face rising prices

Bunmi Bailey Jun 17, 2022 0

The consumer food service industry saw total sales value improve by 18.6 percent to N5.1 trillion in 2021 from N4.3 trillion in 202, according to a new consumer report but the modest…

Retail stores make big sales in Nigeria despite slump

ODINAKA ANUDU Aug 23, 2017 0

Retail stores are riding on strong demography credentials in Africa’s biggest economy to make big sales, despite economic slump that hit the economy last year. Shoprite Holdings…

Agriculture

Tea bag demand rises 5% annually, creates untapped opportunities

BusinessDay Jan 21, 2015 0

Tea consumption in Nigeria has been growing by 5 percent annually since 2008, creating a market not yet fully tapped by investors. Annual per capita consumption of tea in 2009 was 23 grams,…