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Nigeria’s economy still attractive for foreign investment -expert

Nigeria’s economy still attractive for foreign investment -expert

An investment expert, Mr. Kalu Abosi, has said that the Nigerian economic climate was still attractive for foreign investments, despite its present challenges. Abosi, who is the Head of Corporate…

NEPC reiterates commitment to FG’s export promotion policies

The Principal Executive Officer in the Kano Zonal Office of the Nigeria Export Promotion Council (NEPC), Alhaji Saidu Sada, has restated the commitment of the council at ensuring full implementation…

NQIP will assist Nigeria to diversify to non-oil sector – UNIDO

The United Nations Industrial Development Organisation (UNIDO) has said that the National Quality Infrastructure Project (NQIP) will assist Nigeria to diversify its economy to non-oil sector. UNIDO’s Project Coordinator, Mr.…

Africa needs quality infrastructure to drive free trade –Odumodu

By Phillip Oladunjoye /Snr Correspondent Lagos   The Director-General of the Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu, has said that African countries need quality infrastructure to kick-start the…

Kobani assumes duty at FMITI

Chief Kenneth Kobani, the new Minister of State for Industry, Trade and Investment, has assumed duty at the headquarters of the ministry in Abuja. The new minister was received on…

UKCS oil sector under spotlight for development

The United Kingdom ’s new offshore oil and gas regulator will   require about the top 20 North Sea operators by volume to present stewardship plans by April, as part…

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…

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