• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Dangote shuts down tomato factory. Again.

Onome Ohwovoriole by Onome Ohwovoriole
May 18, 2017
in Business News, Company News
Has Inflation Rate Changed?
Share on FacebookShare on TwitterShare on Linkedin

Nairametrics|Barely three months after resumption, Africa’s richest man Aliko Dangote has been forced to close it down again, due to a tomato pest invasion.
Here are the key points from the shut down:

  • The factory has a production capacity of 1200 metric tonnes a day and can produce 400,000 tonnes of tomato paste annually.
  • 8000 farmers agreed to supply tomatoes at $700 a ton, twice the domestic price.
  • The farmers are no longer keen on farming the crop after pest attacks last farming season.
  • The disease called tomato absoluta originated from South America.
  • The factory has had chequered operations due to a lack of raw tomatoes since it opened March last year.

The shut down has several implications for the firm. Machinery and equipment will have to be mothballed. A foreign crew will have to be flown in to service the equipment before operations resume. The farmers may decide to go for a higher price.

Ultimately the tomato paste produced by the firm will be more expensive. National Bureau of Statistics (NBS) April report released show the food sub index increased 0.17% month on month from 2.04% in March to 2.21% in April. The index also increased 0.86% year on year from 18.44% in April 2016 to 19.30% in April 2017.

RelatedStories

Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks 

Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks 

June 28, 2025
Dangote is the pride of Nigeria’s Financial Market, says NGX Group Chairman 

Dangote is the pride of Nigeria’s Financial Market, says NGX Group Chairman 

June 28, 2025
Tags: AgricultureAliko DangoteConsumer GoodsManufacturing
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks 
Energy

Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks 

June 28, 2025
Dangote is the pride of Nigeria’s Financial Market, says NGX Group Chairman 
Companies

Dangote is the pride of Nigeria’s Financial Market, says NGX Group Chairman 

June 28, 2025
Dangote targets fertilizer self-sufficiency in Africa within 40 months to boost agricultural productivity
Economy

Dangote targets fertilizer self-sufficiency in Africa within 40 months to boost agricultural productivity

June 27, 2025
Africa is the only continent experiencing growth, Europe needs us to grow — Dangote at AAM2025 
Economy

Africa is the only continent experiencing growth, Europe needs us to grow — Dangote at AAM2025 

June 27, 2025
Meet Arnold Ekpe, new Chairman of Dangote Sugar 
Appointments

Meet Arnold Ekpe, new Chairman of Dangote Sugar 

June 12, 2025
Aliko Dangote makes TIME100 world’s most influential philanthropists list 2025 
Appointments

Aliko Dangote retires as Chairman of Dangote Sugar Refinery after two decades, banking expert Arnold Ekpe takes over leadership 

June 12, 2025
Next Post
Dangote Farms is yet to banish the ghosts of last year

Dangote Farms is yet to banish the ghosts of last year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 
  • Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 
  • Rwanda reaffirms commitment to strengthening trade, aviation, and ICT ties with Nigeria 

Follow us on social media:

Recent News

Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

July 5, 2025
Champion Breweries Plc

Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics