Ella Lakes' Nigerian agribusiness bet is still aflame despite funding glitch

    BusinessDay | Newsletter | Feb 23, 2026    
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The Nigerian agribusiness field is inherently fertile but obviously fickle. Here, Ellah Lakes Plc is demonstrating that not even a remarkable funding glitch can uproot its ambitions as the NGX-listed firm sticks to its bet that the strategic appeal of its target acquisition will close a significant funding gap. Here, Ella Lakes has reasserted its determination to capture, by the end of the first quarter of 2026, Agro-Allied Resources & Processing Nigeria Limited (ARPN), a treasured asset owned jointly by Singapore's Tolaram Group and Valuestar Holdings. This resolve sticks notwithstanding an obvious cash crunch that has moved the deal from its original December 2025 target. 

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