Wednesday, 1st February 2023
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Ade Sun-Basorun

28 Sep
Operators in the Nigerian modern retail sector have been charged to adapt to the rapidly-evolving dynamics in the ecosystem to remain viable.
19 Jun 2022
Nine years ago, when a McKinsey report forecasted a $40 billion growth opportunity in Nigeria’s food and consumer goods sector, the general outlook was towards a boom that would benefit all stakeholders within the space.
13 May 2022
FoodCo Nigeria Limited has been listed as one of Africa’s fastest growing companies in the 2022 inaugural FT Annual Africa Fastest Growing Companies’ ranking.
25 Mar 2022
The Chief Executive Officer of FoodCo Nigeria, Ade Sun-Basorun, has called on operators within Nigeria’s formal retail sector to integrate digitisation into their operations to achieve scale and position ...
18 Feb 2022
Amid a projected 5.1 per cent Compound Annual Growth Rate (CAGR) for the global Quick Service Restaurants (QSR) industry between 2020 to 2027, Nigeria’s bourgeoning middle class and its young population pegged at about 60 per cent...
19 Dec 2021
When news broke last year that Shoprite, Africa’s largest grocery retailer, was selling off its stake in Nigeria, the announcement sent shock waves around the country.
21 Oct 2021
With retail penetration in the country currently estimated at five per cent, lower than its peers in other African countries, FoodCo Nigeria Limited has expressed optimism about opportunities in the Nigerian retail sector.
15 Sep 2021
Local manufacturers have been urged to partner with the consumer retail sector to boost supply shortfalls caused by the current slump in the global economy and COVID-19 fuelled market disruptions.
31 Jul 2019
Operators within the Nigerian retail economy have been charged to integrate technology into their processes for better service delivery, and to help the sector achieve its growth potential of $40 billion by 2020.
23 May 2019
As part of efforts to build capacity for the consumer goods retail sector in Nigeria, FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, manufacturing and fast food, has instituted a fellowship aimed at preparing MBA students for leadership in this category. This is against the backdrop of projected growth in the…


Despite macroeconomic challenges bedevilling the nation’s economy, anticipation of robust 2022 full year earnings and dividend payout have continued to spur activities on the equities sector of the Nigerian Exchange Limited (NGX) as market capitalisation increased by N44 billion in the last trading session of the month of January.
Partner and Head, Deal Advisory, Mergers and Acquisition Tax and Regulatory Practice, KPMG Nigeria, Ajibola Olomola, has said businesses need to be guided by optimism especially as it relates to the electioneering era in the country
3 mins ago
The Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, has advocated increased collaboration among banks, especially in information sharing, to effectively combat money laundering, terrorist financing and other illicit practices within the financial system.
4 mins ago
Barely four weeks to the 2023 presidential election, stockbrokers have called for a regime change that would address uncertainties, as well as speedy and consistent economic policy direction to restore the country on a path of sustainable growth, while supporting a virile capital market post-election.
5 mins ago
Penetration of Anti-Money Laundering (AML) and Know Your Customer (KYC) activities is predicted to witness a 70 per cent increase in 2023 as players in the financial industry intensify efforts to adapt to strict regulatory compliance obligations.