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Shea Butter Production In Nigeria, Others May Hit $30bn – Awolowo

Shea-butter

Production of Shea butter in Nigeria and other countries, which is about $10 billion, is projected to rise to over $30 billion by 2020. Production of Shea butter in Nigeria and other countries, which is about $10 billion, is projected to rise to over $30 billion by 2020. Already, there is rise in global demand for the product. Report by ...

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Nigeria Discovers 44 Mineral Deposits In 500 Locations, Says Ministry Official

Solid

The Ministry of Solid Mineral Development on Tuesday said 44 different types of minerals had been discovered in 500 locations across the country. Mr Sanusi Jubril, Head of Mineral and Metal Promotion Centre of the ministry, announced this in an interview in Abuja. Jubril said the minerals could be used for industrial and domestic purposes, adding that more would soon ...

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Our 180 Millionaires Promo’ll Provide Customers Opportunity Of A Life Time – Dangote

Dangote

Dangote Industries Limited, yesterday, said its promo of 180 millionaires in 90 days would provide no fewer than 3,783 customers across the country the opportunity of a life time. The promo, which will run for three months, has prize money in excess of N300 million. Executive Director, Stakeholder Management and Corporate Communications of the company, Mr Mansur Ahmed, who stated ...

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Boi Meets Nollywood At AFRIFF 2015

BOI

As part of the Nollywood interactive sessions with corporate Nigeria, Bank of Industry, BoI, will be engaging filmmakers through a meet and greet session at the forthcoming Africa International Film Festival,  AFRIFF. The forum, which will take place at the Eko Hotel and Suites on Tuesday, November 10, 2015, from 3pm to 5pm, is expected to provide a platform between ...

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Stakeholders Urge Nigeria’s SMEs To Open Up For Partnership

By Eberechi Obinagwam Small And Medium Enterprises (SMEs) stakeholder have urged players in the category of business in Nigeria to open themselves to partnership at all times and stop being selfish but rather, welcome information, and changes in their business. Regional Micro, Small and Medium Enterprises (MSME),  Coordinator, Fidelity bank, Henry Anokwuru, who stated this at the SMEs debates with ...

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Group Backs FG On Industrial Growth, Job Creation

As part of its support towards Federal Government’s industrial growth and job creation, the Commerce and Industry Correspondents Association of Nigeria, CICAN, is organising an interactive forum to discuss possible ways of boosting the nation’s industrial growth as well as creating more jobs to the teeming unemployed youths. President Mohammadu Buhari had promised to diversify the nation’s economy through agriculture ...

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LCCI, ECCIMA Want Devolution Of Power To States

Stories by Sylvester Enoghase, Lagos The Lagos Chamber of Commerce and Industry (LCCI) and the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has reiterated their calls on President Muhammadu Buhari to critically scrutinise his new economic agenda to boost industrial growth as well as grant more power to the states before making it public. Director General of LCCI, ...

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NBL Commends Military Over Boko-Haram Fight

By Gabriel John, Kaduna Nigerian Breweries Plc, Kaduna Branch, has commended the Nigerian Military over the recent successes recorded in combating insurgency in the North-East, saying that industrial production is gradually being restored in the affected areas. Speaking with pressmen shortly after the end of the Golf tournament in NDA Kaduna, the Breweries Manager, Adebolu Obawole, said the huge effort ...

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BCI Task FG On Investment In Infrastructure

The Business Club Ikeja (BCI) has called on the Federal Government to expedite action on infrastructural development to solve the problems of industrial deficit in Nigeria. The club has also called on the three tiers of government to make life more meaningful for Nigerians by investing on basic infrastructure that would boost industrial development. BCI’s President, Mr. sulaiman Tella, in ...

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Experts Blame Compromise For Industrial Accidents

African Labour Experts have attributed industrial accidents, injuries and diseases in work places to negligence by industrial entrepreneurs who often compromise safety standards and regulations. The experts said this at a workshop on Employment Injury Compensation Schemes, organised for regional labour officers in Africa, were drawn from Ghana, Lesotho, Liberia, Nigeria, Malawi, Mauritius, South Africa, Sudan, Swaziland, and Zimbabwe. Director ...

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Manufacturing Firms Already In Recession – LCCI

Stories by Sylvester Enoghase, Lagos The Director-General of Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, on Thursday stated that manufacturing and the service sector in the nation’s economy have now entered recession after recording successive decline in the last two quarters. Yusuf, who in an exclusive interview with Daily Independent, said President Muhammadu Buhari needs to be ...

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Nigeria To Host First International Sea Trade Convention

The International Sea Trade and Investment Convention (ISTI) Committee said that all was set for Nigeria to host its first International Sea Trade and Investment Convention. Chairman of the convention committee, Mr. Adebayo Sarumi, said in a statement in Lagos that the aim was to position Nigeria as a maritime hub. He said the event, which is scheduled to hold ...

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German Company To Build N14b Factory In Lagos

A German investor, Mrs. Isabel Knauf, has expressed the readiness of her company, Knauf Group International, to commence work on a N14 billion manufacturing firm in Lagos State. Mrs. Knauf, made the disclosure to newsmen when the German Ambassador, Mr. Michael Zenner, led a group of German diplomats and investors on a courtesy visit to Gov. Akinwunmi Ambode at Ikeja. ...

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Group Says Four Nigerian Drug Manufacturers Met WHO’s Requirements

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMGMAN) has said that four Nigerian drug manufacturers had met the World Health Organisation (WHO)’s requirements for good manufacturing practice. The Chairman of the association, Mr. Okey Akpa, disclosed this at the opening ceremony of a three-day Nigeria Pharma Manufacturers Expo 2015 with the Theme: “The Nigerian Pharmaceutical Manufacturing Industry ...

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Ibadan Mega Trade Fair To Host Over 500 Exhibitors

By Oladele Ogunsola, Ibadan No fewer than 500 exhibitors and an average of 300,000 quality buyers are being expected to participate in a 13-day Trade Fair holding in Ibadan during which 13 different sectors of the trade sector will be involved. The Trade Fair, a joint initiative of the government of Oyo State, Oyo State Council of Chambers of Commerce, ...

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LCCI Seeks For Review Of Trade Policy To Boost Investment

Stories by Sylvester Enoghase, Lagos The Lagos Chamber of Commerce and Industry (LCCI) on Thursday called on the Federal Government to review some trade policy measures to boost investments and customs revenue. The Chamber also called on Government to review the nation’s current tax regime to make the tax system more progressive in character, especially with regards to consumption tax. ...

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Protecting Electricity Consumers From Exploitation

Stories by Judith Eshemitan, Lagos The Nigerian media has come a long way as a critical platform for projecting the plight and exploitation of the Nigerian electricity consumers, by the Electricity Distribution Companies (DISCOS). This has spurred the recent intervention by the Senate, to protect the consumers of electricity in the country against what is described as exploitation by the ...

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Olashore Urges Government To Tap Into Under-Utilized Gold Mines

Stories by Sylvester Enoghase, Lagos The Group Managing Director of Lead Capital Plc, Prince Bimbo Olashore, has urged government to move the country forward by tapping into the under-utilised goldmines in order to increase income for the nation, having noted that the Nigerian economy is well diversified in terms of contribution to GDP, but that the source of government revenue ...

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BOI Presents Funding Plans To Industrial Sector In Ikorodu

Stakeholders in Ikorodu’s industrial sector and commercial sector, especially the Small and Medium Enterprises (SMEs)  are set to reap from funding opportunities provided by the Bank of Industry (BoI) at a forum being organised by the Ikorodu Chamber of Commerce and Industry. The Chamber was incorporated in 2011. The event, which is the 7th Business Luncheon of the Chamber, takes ...

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Retirees Advised On Lump Sum Withdrawal

The National Pension Commission (PenCom) has counselled retirees to avoid withdrawing huge fund from their Retirement Savings Account’s balance so that they can have robust monthly pension after retirement. The Head, Research and Corporate Strategy, PenCom, Farouk Aminu, gave this advice while addressing journalists in Lagos recently on the contributory pension scheme in Nigeria. He noted that many retirees have ...

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GlaxoSmithkline: Building Alliances For Growth

FY 2014 Performance Analysis: The audited Full Year 2014 (FY 2014) result of GlaxoSmithKline Consumer Nigeria Plc (Glaxosmith) for the period ended December 31, 2014 shows that its Turnover (T/O) increased by 4.58% to N30.52bn, compared with N29.18bn recorded in the corresponding period of 2013. The improvement in revenue can be attributed to the increased income generated from consumer healthcare ...

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Invest In Power To Create Jobs, Boost Industrial Sector, Jacobs Tells FG

The President of Manufacturing Association of Nigeria (MAN), Mr. Frank Udemba Jacobs, has called on the Federal Government (FG) to invest heavily in the development of the power sector to guarantee stable power supply in order to create jobs for the citizenry as well as boost the productive capacity of the manufacturing sector. Jacobs, at a media chats with newsmen ...

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LCCI Urges FG To Unveil Economic Blueprints

• Calls For Strategic Framework On Forex By Sylvester Enoghase, Lagos   The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday urged the Federal government to unveil its economic blueprints in order to stem the tide of declining investor’s confidence in the economy. The Chamber in a statement by its President, Remi Belo, after its Council meeting in Lagos, called ...

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NEPAD, UNDP, Others Partner On Sustainable Energy

By Tunde Opeseitan,  Lagos   The New Partnership for Africa’s Development (NEPAD) and the United Nations Development Programme (UNDP) have begun partnership on modalities for the implementation of the United Nations Sustainable Energy for All initiative (SE4ALL) programme in Nigeria. Other partners in the project, which is said to have been tremendously successful so far, included Federal Ministry of Power, ...

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RGU Oil And Gas Institute To Provide Business Excellence In Nigeria

The Director of UK Trade and Investment in Nigeria, Chris Maskell, has said that the Robert Gordon University (RGU), which recently launched its Aberdeen-based Oil and Gas Institute in Nigeria, is designed to provide a one-stop shop for industry and other stakeholders to achieving business excellence. He said the university’s Oil and Gas Institute aims to become a world-class centre ...

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