Business and Brand
Olam Agri Raises the Bar with Mama’s Pride Cholesterol-Free,Nutrient-Rich Soya Oil
Lagos, Nigeria – April 14, 2026 – In a bold move set to enhance Nigeria’s edible oil market, Olam Agri
has officially launched Mama’s Pride Soya Oil, a well-refined, heart-healthy cooking oil designed to
meet the evolving nutritional needs of Nigerian households. The launch event, held on Wednesday,
witnessed remarkable market enthusiasm, with trade partners from across the country in attendance.
Speaking at the event, the Africa Head of Edible Oil Processing at Olam Agri, Saurabh Kumar, described
the product as a carefully developed innovation tailored for Nigerian kitchens and homes.
“Mama’s Pride Soya Oil is proudly produced in Nigeria for Nigerians. It is thoughtfully developed as a
product consumers can trust for their everyday cooking. With its superior quality, health benefits, and
long-lasting performance, we are confident it will redefine standards and emerge as a market leader,”
he said.
Kumar further highlighted Olam Agri’s longstanding commitment to Nigeria: “This product reflects our
continuous investment in Nigeria and belief in its potential. It builds on our impressive achievements
across rice, wheat milling, animal feed, and sesame segments. From sourcing soybeans locally to
processing them into high-quality oil, our new edible oil product is built on excellence, sustainability,
and trust.”
Also speaking, Head of Marketing, Bola Adeniji, emphasised the importance of promoting authentic
and healthy edible oil options in Nigeria: “We encourage consumers to choose healthy, non-
adulterated edible oils. Mama’s Pride Soya Oil offers not just quality, but safety and nutrition. We call
on our trade partners and dealers to champion authentic brands and help eliminate adulterated
products from the market for the overall health of Nigerians.”
Adeniji outlined the product’s key features, including fortification with Vitamin A and Omega 3 and 6,
zero cholesterol content, and long-lasting frying performance, ensuring value for money for
consumers.
In his remark, the Managing Director, Wheat Milling Business, Nitin Mehta, described the unveiling as a
defining moment for the business. He said, “This is a historic moment for us. To change the game, we
must offer consumers a high-quality product at an affordable price. Mama’s Pride Soya Oil embodies that vision. After over a year and a half of rigorous product research and development, we are proud to
deliver a product that meets the highest standards.
“We have seen tremendous support from our dealers across our pasta and semolina products, and we
are confident that with their continued partnership, Mama’s Pride Soya Oil will achieve even greater
success in the market.”
Mama’s Pride Soya Oil is now available at retailers nationwide, making it easily accessible to consumers
across Nigeria. The product comes in a variety of convenient SKUs to suit different household and
commercial needs, including PET bottles in 500ml, 1L, and 2L; pouches in 350ml and 1L; and a 25L keg.
The launch of Mama’s Pride Soya Oil follows strong engagements with the soy farmer community and
the government, as well as the opening of Olam Agri’s US$50 million state-of-the-art soybean crushing
plant and feed mill complex in Ilorin, Kwara State. The soybean crushing plant, which serves as the
largest in sub-Saharan Africa with a processing capacity of 250,000–350,000 metric tonnes annually,
supports local soybean production. This is supplying Olam Agri’s feed-milling unit and its edible oil unit
subsidiary, Ruyat Oil, which specialises in processing and refining various vegetable oils for the Nigerian
market.
Olam Agri, which specialises in food, feed and fibre, is committed to a fully integrated
approach—working closely with farmers through structured support systems, improving yields, and
producing and processing locally. This captures the agribusiness’s focus on fostering positive economic
impact through improved value chain productivity, a nutritional landscape, human capital
development, and job creation in Nigeria.
Anil Nair, Country Head and Managing Director, Olam Agri in Nigeria, affirmed, “As a business that
originated in Nigeria, we continue to commit investment into developing key value chains, people and
highly nutritious and safe food that supports the overall national economic growth in line with the
government’s Renewed Hope Agenda. The introduction of Mama’s Pride Soya Oil is a direct outcome of
our long-term investment in Nigeria’s food systems.”
Emphasising the company’s vision for the future, he enthused, “We believe Nigeria has the capacity to
be self-sufficient in food production. By investing in infrastructure, empowering farmers, and delivering
high-quality consumer products like Mama’s Pride Soya Oil, we are playing our part in building a
resilient and food-secure nation.”
Business and Brand
Interswitch Welcomes Largest-Ever Developer Academy Cohort, Strengthening Africa’s Tech Talent Pipeline
Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced the induction of the third and largest cohort of developer interns into its Developer Academy, reinforcing its long-standing commitment to building world-class technology talent and strengthening Africa’s digital ecosystem. Selected from a pool of over 20,000 applications, the new cohort emerged through a rigorous multi-stage process involving technical assessments, and interviews. Their induction into the Developer Academy highlights both the scale of interest in software engineering opportunities in Nigeria and Interswitch’s role in nurturing the next generation of highly skilled technology professionals. The 9-month programme brings together talents across key engineering tracks, including Backend Development, DevOps, Mobile Development, Frontend Engineering, and Quality Assurance. Designed as an intensive and structured learning experience, the Developer Academy combines theoretical instruction with real-world application, equipping participants with the skills required to thrive in an increasingly global and competitive technology landscape. Commenting on the initiative, Mitchell Elegbe, Founder and Group Chief Executive Officer, Interswitch, emphasised the importance of taking a long-term, ecosystem-driven approach to talent development.“At Interswitch, we have always believed in the capacity to see beyond the immediate challenges and focus on long-term impact. While the migration of skilled talent remains a reality, our approach is to actively shape the outcomes by building a strong and sustainable pipeline of technology professionals. We are therefore committed to equipping individuals with the capabilities to contribute meaningfully to the broader technology ecosystem, locally and globally, not just for our own needs at Interswitch. In doing so, we are not only strengthening the industry but also reinforcing Nigeria’s position as a source of globally competitive engineering talent,” Elegbe said. Beyond its immediate training objectives, the Interswitch’s Developer Academy is anchored on a broader strategic vision, one that addresses the ongoing migration of skilled talent from Nigeria and other developing economies. As global demand for software engineers continues to rise, many highly skilled professionals are increasingly recruited by international organisations. Interswitch’s approach reframes this trend, positioning talent development both as a means of local capacity building and as an opportunity to strengthen Nigeria’s reputation as a global hub for technology expertise. Also commenting, Franklin Ali, Group Chief Human Resources Officer, Interswitch, highlighted the broader impact of the programme. He stated:“The Developer Academy reflects our long-term commitment to building talent at scale. We are equipping these young professionals not just with technical skills, but with the mindset, discipline, and adaptability required to thrive in diverse environments. Whether they build their careers within Interswitch, contribute to the local ecosystem, or explore global opportunities, they represent the strength and potential of Nigerian talent and carry forward the standard of excellence we are committed to building.” Drawing parallels with the evolution of Nigeria’s entertainment industry, where local talent has successfully achieved global recognition, Interswitch envisions a similar trajectory for the technology sector, one in which Nigerian developers are not only participants in the global digital economy but key contributors shaping its future. The Developer Academy also plays a critical role in addressing local industry needs. As fintechs, banks, and startups continue to scale, the demand for highly skilled engineers remains significant. By consistently developing and releasing new cohorts of trained professionals into the ecosystem, Interswitch is contributing to a more resilient talent pipeline and supporting sustained innovation across the sector. During the 9-month programme, participants will benefit from mentorship by experienced professionals, exposure to enterprise-grade systems, and the development of workplace readiness skills essential for today’s dynamic work environment. At the end of the programme, top-performing interns may be offered full-time roles within Interswitch, while others are well-positioned to pursue opportunities across the broader technology landscape. Further demonstrating its commitment to talent development at scale, Interswitch has also invested in dedicated learning infrastructure, including the opening of a new facility in Victoria Island, Lagos, designed to serve as a specialised hub for the Developer Academy and other training initiatives. This move signals a deliberate effort to institutionalise talent development and expand capacity for future cohorts. The continued expansion of the Developer Academy reflects Interswitch’s long-term vision of building a sustainable pipeline of globally competitive talent, positioning Nigeria, and Africa at large, as a leading source of innovation and technical expertise in the global digital economy.
Business and Brand
NESCAFÉ Launches “Next Level Promo” to Reward and Empower Consumers
NESCAFÉ, Nigeria’s leading coffee brand, is pleased to announce the launch of its nationwide Next Level Promo, running from April to June 2026. The campaign offers consumers over ₦80 million in cash and meaningful prizes that support entrepreneurial growth.During the campaign, consumers stand a chance to win cash, airtime, laptops, professional cameras, makeup kits, sewing machines, and access to exclusive masterclasses.Participation is simple: purchase any NESCAFÉ Original 3-in-1 promo pack from a participating store. Each pack contains a unique code. Dial *7022# and follow the prompts to enter your code for a chance to win.Winners will be selected through bi-weekly and monthly draws, giving multiple opportunities to win throughout the campaign period.Speaking on the launch, Jean Pierre Duplan, Category Manager, NESCAFÉ, said: “NESCAFÉ is deeply connected to the Nigerian hustle and the resilience it represents. We understand the discipline it takes to show up every day and keep pushing forward. The Next Level Promo is how we bring this understanding to life, helping you make your world while rewarding your everyday effort’’NESCAFÉ is more than a coffee brand; it is a daily companion that fuels focus, energy, and ambition for millions of Nigerians. Through this initiative, the brand continues to celebrate the everyday commitment consumers show in pursuing their goals.The prize pool reflects NESCAFÉ’s commitment to delivering real value, with rewards designed to support different aspects of consumers’ lives, from essential tools and learning opportunities to financial prizes that can make a meaningful difference.The Next Level Promo runs until June 2026. Consumers are encouraged to look out for NESCAFÉ promo packs nationwide and participate for a chance to win while enjoying their favorite coffeeAbout Nestlé NigeriaNestlé Nigeria is a leading food and beverage company committed to unlocking the power of food to enhance quality of life for everyone today and for future generations. With a wide range of products, including popular brands such as NESTLÉ PURELIFE, GOLDEN MORN, MILO, MAGGI and NESCAFÉ, Nestlé Nigeria is dedicated to providing nutritious and delicious food and beverages to consumers across Nigeria.
Business and Brand
Plateau Grocery Seller Wins ₦5 Million as Golden Morn Golden Hunt Rewards Nigerians
A small-scale grocery seller from Plateau State, Ejiofor Akujieze, has emerged the grand prize winner of ₦5 million in the Golden Morn Golden Hunt, a nationwide consumer campaign by Nestlé Nigeria that rewarded Nigerians with a total of ₦80 million in cash and prizes.Akujieze, who expressed surprise at his win, described the moment as life-changing. “It came as a shock to me. I won ₦5 million, and it will go a long way. I am very grateful,” he said, noting that the prize will support the expansion of his grocery business.The Golden Morn Golden Hunt, which commenced in January 2026, recorded strong participation from consumers across the country, with over 200,000 entries received. Designed around Golden Morn’s smaller, affordable pack sizes to encourage wider participation, the campaign made it easier for more Nigerians to take part. At the end of seven draws, a total of 16,324 winners emerged, receiving cash prizes ranging from ₦10,000 to ₦1 million, alongside airtime rewards and exciting items such as washing machines, MacBooks, iPhones, and 55-inch televisions, in addition to the grand prize.Speaking on the campaign, Omofasa Orhiunu, Category Manager, Healthy Cereals at Nestlé Nigeria, said the initiative was designed to connect more closely with consumers while giving them an opportunity to experience the brand.“Golden Morn has been part of everyday life for Nigerian families, and with the Golden Hunt, we wanted more people to experience that,” he said. “It gave both our loyal consumers and new ones the opportunity to enjoy a nourishing product that fits into their daily routines, while also being rewarded in a simple and accessible way.”Also speaking, Wassim Elhusseini, Managing Director and Chief Executive Officer of Nestlé Nigeria Plc, said the campaign reflects the company’s commitment to creating value for consumers beyond its products.“For over 40 years, Golden Morn has been nourishing Nigerian families and earning their trust,” he said. “The Golden Hunt was our way of recognising that trust and giving back in a way that is meaningful and inclusive. What has been most inspiring are the real stories behind the wins, how this has made a difference in people’s lives. That is what truly matters to us.”Golden Morn, a cherished homegrown brand, continues to provide wholesome nourishment made from carefully selected grains. It is enriched through its Grain Smart blend, which combines essential vitamins and minerals to support energy and overall wellbeing for individuals and families.Through initiatives like the Golden Hunt, Nestlé Nigeria continues to strengthen its connection with consumers while delivering on its commitment to providing accessible, nutritious food and supporting thriving communities across the country.
-
Banking and Finance12 hours agoFidelity Bank’s liquidity position rises above N1trn on stronger cash holdings
-
Banking and Finance11 hours agoUnion Bank Honoured by ASBON at Nigeria National SME Business Awards
-
NEWS2 days agoGovernor Dauda Lawal Hails Troops for Successful Fight against Banditry, Terrorism across Zamfara State
-
Banking and Finance12 hours ago
Polaris Bank Partners Cyclotron Club to Advance LiveWell Initiative and Promote Healthy Living
-
Banking and Finance2 days agoMirroring Fidelity Bank’s Giant Footprints in Aviation Financing in Nigeria
-
Banking and Finance2 days agoFidelity Bank’s gross earnings rise by 45%, shareholders’ funds cross N1trn mark
-
Opinion2 days agoAre Stablecoins Replacing Traditional Banking in Africa? – Bidemi Oke
-
Banking and Finance2 days agoPolaris Bank earns youth employment recognition from Jobberman
