FTN Cocoa Processors Plc started as Fantastic Abiola Nigeria Limited, a private Company limited by shares which was incorporated on 26 August, 1991. The name Fantastic Abiola Nigeria Limited was changed to Fantastic Traders Nigeria Limited on 26 August 1998 and further changed to FTN Cocoa Processors Limited on 3 December, 2007. The status of the Company was changed to FTN Cocoa Processors Plc on 29 February, 2008 and the shares of the Company were listed on the Nigerian Stock Exchange on 24 July, 2008. The principal activities of the company are the processing of cocoa beans and palm kernel into Cocoa Cake, Liquor, Butter, Powder, Palm Kernel Oil and Palm Kernel Cake. Cocoa cake, Liquor and Butter are exported, while Cocoa Powder, Palm Kernel Oil and Palm Kernel cakes are marketed locally to manufacturing companies.
