Olam to invest in Nigeria paddy, wheat milling

Singapore commodities firm Olam International Ltd, whose businesses include processing agricultural products and food ingredients, said on Friday it will invest about $50 million to expand its wheat milling capacity in Nigeria. Olam, whose shareholders include Singapore state investor Temasek, said in a separate statement dated Thursday that it will invest $49.2 million to set up a 6,000 hectare greenfield paddy farming and rice milling facility in Nigeria.