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Britain reiterates commitment to enhance trade with Nigeria

Britain reiterates commitment to enhance trade with Nigeria

By Phillip Oladunjoye  / Snr Correspondent Lagos   The British Prime Minister, Mr. David Cameron, has reiterated Britain’s commitment to further enhance the subsisting bilateral trade agreement with Nigeria. Cameron made…

Meter manufacturer laments low patronage, retrenches workers

Meter manufacturer laments low patronage, retrenches workers

Unistar Hi-Tech Systems Limited, local pre-paid meter manufacturing company, said it has retrenched more than 70 per cent of its workforce due to low patronage of its products by electricity…

Paints manufacturer bemoans insurgency, high cost of raw materials

Paints manufacturer bemoans insurgency, high cost of raw materials

The Group Managing Director (GMD), Chemstar Group of companies, manufacturers of Fine Coat Paints, Mr. Aderemi Emmanuel Awode, has said that the rising cases of insurgency in the Northeast and…

Odu’a investment targets 250% turnover in five years

Odu’a Investment Company Limited (OICL) ?has announced a projection to achieve 250 per cent turnover in the next five years. The Group Managing Director of the firm, Mr. Adewale Raji,…

Forensic Audit Report: NNPC vindicated on alleged missing fund

Forensic Audit Report: NNPC vindicated on alleged missing fund

By Anayo  Korie / Ag Energy  Editor   The Nigerian National Petroleum Corporation (NNPC) has reiterated its position that the report of the forensic audit carried out on its books by…

Enhancing capacity utilization in steel industry

Enhancing capacity utilization in steel industry

By Phillip Oladunjoye / Snr Correspondent Lagos   The Nigeria Industrial Revolution Plan (NIRP) seems to be achieving the desired result in the steel sub sector of the economy. This is…

Nigeria-China trade volume exceeds $16b in 2014 – Envoy

Nigeria-China trade volume exceeds $16b in 2014 – Envoy

By Phillip Oladunjoye / Snr Correspondent Lagos   The deputy chief of mission, Chinese Embassy, Mr. Zhang Bin, has said that the trade volume between Nigeria and China exceeded 16 billion…

Association urges FG to diversify into solid minerals

President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), Mr. Dele Odunowo, has urged the Federal Government to invest more in solid minerals, agriculture and transportation. Odunowo, who gave…

IITA introduces Youth Agripreneurs scheme to boost employment generation

The International Institute of Tropical Agriculture (IITA), Ibadan, Oyo State, has introduced Youth Agripreneurs scheme where youths from six African countries including Nigeria will be trained on agricultural best practices…

MBCAN calls for early distribution of cassava bread equipment

The Masters Bakers and Caterers Association of Nigeria (MBCAN), Lagos chapter, has appealed to the Federal Government to intervene in the distribution of cassava bread equipment to bakers. Chairman of…

Creating wealth through enhanced cocoa production

Creating wealth through enhanced cocoa production

By Phillip Oladunjoye  / Snr Correspondent Lagos   Nigeria would have to intensify its efforts to boost the production of cocoa so as to benefit from the global market where the…

NACCIMA calls for overhauling of refineries

NACCIMA calls for overhauling of refineries

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has described the recent reduction of pump price of petrol by the Federal Government as a welcome development.…

Lagos APC, PDP candidates promise enabling environment for investors

Lagos APC, PDP candidates promise enabling environment for investors

Two governorship candidates in Lagos State, Akinwunmi Ambode of the All Progressives Congress (APC) and Jimi Agbaje of the Peoples Democratic Party (PDP) have expressed their views on how they…

Stakeholders say devaluation will boost non-oil export, seek more efforts from FG

Stakeholders say devaluation will boost non-oil export, seek more efforts from FG

Industry stakeholders have predicted that the devaluation of the Naira will favour businesses in the non-oil export sector as well as manufacturers that source their raw materials locally rather than…

NACCIMA seeks clarification on palm oil products’ tariff

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has called on the Federal Government to reconsider the ECOWAS CET document and revise the tariff on palm…

Companies must adapt to fast changing global environment to succeed

The Head of Marketing for DHL Express Sub Saharan Africa, Sumesh Rahavendra, has said that companies that can adapt to the fast changing global environment such as unstable currency markets…

Fast-track issuance of title deeds to aid agric growth – Expert

By Phillip Oladunjoye / Snr Correspondent Lagos   The Director, Africa Region, Cassava Adding Value to Africa, Prof. Kola Adebayo, has urged the Federal Government to hasten the process of issuing…

Stakeholders allay fears over rice’s backward integration policy

Stakeholders allay fears over rice’s backward integration policy

By Phillip Oladunjoye  / Snr Correspondent Lagos   Stakeholders in the rice production and distribution sub sector of the economy have thrown more light on the implementation of the backward integration…

PMG-MAN boss seeks vibrant petrochemical industry

By Phillip Oladunjoye  / Snr Correspondent Lagos   The Managing Director/Chief Executive Officer, SKG Pharma Limited, a Pharmacist, who is also the Chairman, Pharmaceutical Manufacturers Group of the Manufacturers Association of…

Experts berate low level of intra-Africa trade

The Africapitalism Institute has said that African countries would have to intensify efforts towards refining and adding value to the natural resources in the region so as to encourage any…

Diversification of economy panacea to economic stability

Diversification of economy panacea to economic stability

By Phillip Oladunjoye  / Snr Correspondent Lagos   In the light of the crumbling oil prices at the international market, many industry experts in the country have been advising the Federal…

Nigeria set to strengthen bi-lateral trade with Vietnam

The Nigerian-Vietnam Chambers of Commerce and Industry has said that efforts are been made to strengthen bi-lateral trade between the two countries. The chamber said trading activities between the two…

Nigeria’s investment in R&D accounts for 0.01% global expenditure – FIIRO

The Federal Institute of Industrial Research, Oshodi (FIIRO), has said that Nigeria’s investment in Research and Development (R&D) accounts for 0.01 per cent of global expenditure. The Director General, FIIRO,…

BoI grants N1.1b for SIM cards, National ID, voter’s cards

By Phillip Oladunjoye / Snr Correspondent Lagos   The Bank of Industry, BoI, has granted N1.1 billion credit facility to local manufacturers of electronic payment cards, SIM cards, National ID card…

2014 in retrospect: Many hurdles for manufacturing sector

2014 in retrospect: Many hurdles for manufacturing sector

By Phillip Oladunjoye  / Snr Correspondent Lagos   Mixed reactions have continued to trail the performance of the manufacturing sector of the economy in 2014. Based on some statistical analysis some…

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