Saturday, 4 August 2018

HARD TIMES HIT TRANSCORP’S AGRIBUSINESS SUBSIDIARY, TERAGRO COMMODITIES LIMITED

teragro
Information reaching Tectono Business Review has it that misfortune has hit Teragro Commodities Limited, an agribusiness subsidiary of Transnational Corporation of Nigeria Plc. (Transcorp). http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Owing to this development, Transcorp is perfecting plans to divest its stake in the troubled subsidiary. In a notice to the Nigerian Stock Exchange, the company said that it was disclosed in its 2017 Annual Report that a careful review of the long-term proposition of its play in the juice concentrate market revealed a number of issues.

Hmmm!!! Fellow Nigerians, are you aware that our crude oil will soon become useless? Yes, it will, in no distant time, become valueless owing to the fact that the countries that rely on it as their only source of energy are developing more affordable alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only solution is developing the agricultural sector. In fact, this is the only solution. Very soon, the major source of revenue will become agriculture and agro-exports. How are you positioning yourself to play big in agro-export business? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? Yes, arm yourself with the contemporary trends in export trade. This manual explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

In the same notice, the company explained that the board decided to exit its investment in Teragro Commodities Limited and is currently working together with the Benue State Government, a key stakeholder, towards identifying suitable partners to drive the value proposition of the business going forward.

“It was also reported in our 2017 Annual Report that we expect to close the transaction in a timely manner and maximise benefits for stakeholders and that the decision to exit Teragro is not expected to have any significant impact on the  group’s business,” the company added.

According to Transcorp, Teragro contributed less than 0.03 per cent of the group revenue and 0.2 per cent of group assets.

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html