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

Information reaching Tectono Business Review has it that misfortune has hit Teragro Commodities Limited, an agribusiness subsidiary of Transnational Corporation of Nigeria Plc. (Transcorp).

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.