Home / Industry (page 3)


Scarce opportunities for youths’ greatest existential risk facing Nigeria—Afrinvest boss

Chris Ngige

The Deputy Managing Director of Afrinvest Limited, Victor Ndukauba, has revealed that “The greatest existential risk facing this country today is its youthful demography and the potential damage that this segment can wreck, given the lack of opportunities for self-expression and actualisation (employment, housing, etc).” Reacting to the recent five-year outlook by Economic Intelligence Unit (EIU), which envisaged that continuous ...

Read More »

S/Africa’s Eskom seals $1.5bn loan deal with China Development Bank

Jacob Zuma

More African nations are still running to China for infrastructure development funding without watching their back to see the after effect which include massive abuse of expatriate quotas and working without permits. Nigeria, Ghana and other sub Saharan economies has been running to China for one form of loan or the other to finance projects and many of this programmes ...

Read More »

Moody’s first rating of Dangote Cement sees stable outlook, strong future


Leading global corporate rating agency, Moody’s has for the very first time put leading African Cement conglomerate, Dangote Cement on its list of ratings and placed it on a strong outlook status. In a statement from the rating agency, it placed Dangote Cement in an enviable position of Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and Aaa.ng ...

Read More »

Bread scarcity looms nationwide as bakers plan strike over rising price of flour

bread bakers

The rising price of flour upon observed fall in the price of raw materials is about to force a mass action by members of the Association of Master Bakers and Caterers of Nigeria (AMBCON). In an interview on Thursday, the South-West Vice-Chairman of the association, Prince Jacob Adejorin, said his members had met with the flour millers severally to reduce ...

Read More »

Dangote, Rabiu see price of cement crashing before year end

Dangote Ibeshe

Whereas leading African cement magnate, Alhaji Aliko Dangote has revealed that backward integration in cement production has saved the nation, about $2bn annually, the Chairman of BUA Cement, Alhaji Abdulsamad  Rabiu, on Thursday disclosed that the price of cement may soon crash in the country. Dangote noted that the coast is becoming clear for the price of the product to ...

Read More »

Impacts of CBN forex drive results in manufacturers’ rising raw materials inventory

Jacobs MAN Boss

After several months of sustained foreign exchange intervention by the Central Bank of Nigeria (CBN), indications have emerged showing rising activities in the nation’s real sector. Latest Manufacturing Purchasing Managers’ Index (PMI) increased to 52.9 index points in June 2017, showing expansion in the manufacturing sector for the third consecutive month. Otherwise, the manufacturing sector’s raw materials inventory index grew ...

Read More »

Businessmen, artisans differ on emerging policy of community policing

Acting president, Prof Yemi

The recent revelation by the Acting president Yemi Osinbajo that the federal government is looking at the development of a new policy on community policing has elicited reactions from top business operators and artisans doing businesses outside their states and region. Whereas majority saw the policy as welcome development, others argue that if not well structured, will create room for ...

Read More »

Frank Nneji, ABC Transport boss, gets West African tourism award

ABC Nneji

Founder and Managing Director of ABC Transport, Mr. Frank Nneji, has won the Top 100 Tourism Personalities in West Africa Award and recognition. Though the winners were unveiled in Accra, Ghana, the award was presented to him at ABC Transport’s Corporate Headquarters in Lagos in a brief ceremony. The organizers said Nneji won the award in recognition of his “trail ...

Read More »

Bajaj auto deepens offerings, unveils mini-cargo, mulls production plant next year


Leading Indian auto technology group, Bajaj Auto, has introduced to the Nigerian market a new range of products – the Bajaj MaximaC, a mini truck for cargo delivery and mini ambulance trucks all tailor – suit for Nigeria’s rough and bad rural roads. Currently, the company is occupying number three in the global ranking of manufacturer of 3-wheelers and two ...

Read More »

See wider access to information, dynamics in media as opportunities, Zinox tells Nigerians


Chairman of Zinox Group, Leo Stan Ekeh has called on Nigerians and mainly Ndigbo to see the future in a brighter, knowledge-driven society driven by wider access to information and changing dynamics in the media industry. According to him, an understanding of the modern media from this front will among other things, lower barriers in wealth creation and sustenance in ...

Read More »