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Industry

Dangote mulls 80m tonnes of cement by 2020, 250,000 jobs soon

Leading cement conglomerate in Africa, Dangote Group said on Tuesday that its investments on new projects on agriculture, sugar, oil refinery and fertilisers would create additional 250,000 employment opportunities for Nigerians when completed. The projects, sited in some states, including Jigawa, Taraba, Kano and Kogi, according to the group, will encourage self-sufficiency in food production and reduce capital flight from ...

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Promasidor boss, others set for business development summit on Friday in Lagos

Promasidor boss

Chief Keith Richards, Chairman of Promasidor Nigeria Limited an Onyeche Tifase, first Nigerian and female CEO of Siemens Nigeria will Friday this week, lead other business experts to discuss issues in Building Inclusive and Sustainable Businesses at the 6th edition of the annual continent-wide Africa CEO Roundtable & Conference on Corporate Sustainability & Responsibility (AR-CSR™). Experts say the AR-CSR™ has ...

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Review MPR, LCCI charges CBN

Muda Yusuf, LCCI boss

Prevailing high lending rate to the private sector has forced the Lagos Chamber of Commerce and Industry (LCCI), to now call on the Central Bank of Nigeria (CBN) to review the Monetary Policy Rate (MPR). Director, Research and Advocacy at LCCI, Dr Vincent Nwani, explained that a reduced MPR would stimulate the economy through improved access to credit facilities. The ...

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Dangote Group gives out products at pocket-friendly prices at fair

By way of deepening customer loyalty ratings and encouraging brand identity, Dangote Group at the ongoing 2016 Lagos International Trade Fair, holding at Tafawa Balewa Square (TBS), Onikan, Lagos, have resorted to giving their products to consumers at pocket friendly prices. Understanding that trade fairs are platforms for promoting businesses, especially Micro, Small and Medium Enterprises (MSMEs) which constitutes the ...

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AM Igbo, 2 others now on GOtv bundle

Leading driver of Digital Switch Over (DSO) in terrestrial television service and pay TV provider, GOtv, has introduced three new channels: AfricaMagic Igbo, Eva+ (a new telenovela channel), and B4U Movies (a Bollywood channel). In a statement, the group said “Fans of AfricaMagic will get huge doses of entertainment via the addition of the newly-rebranded AfricaMagic Igbo on GOtv Value ...

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Mainstream premium spirits, Satzenbrau shot up Guinness 6% increase in revenue

Though Guinness Nigeria recently announced 6 per cent increase in   revenue for the first quarter of its financial year ending 30 September 2016, the company has attributed the increase partly to contributions from its new mainstream and international premium spirits business “as well as the continuing growth of its value brands and mainly Satzenbrau”. The financial statements released to the ...

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Give us $1bn to industrialise Nigeria, MAN tells FG

man logo

The manufacturing group of the Manufacturers Association of Nigeria (MAN) has called on the federal government to give it about $1bn as a trial and see if the entire country will not be full of industries. This is coming as the 30th Lagos International Trade Fair kicked off yesterday at the usual Tafawa Balewa Square, Victoria Island, Lagos. The group ...

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Recession may close bakeries, push millions to labour market if…

Chris Ngige

If efforts of the government in fighting recession and providing facilities that will aid the ease of doing business in Nigeria fail to show up in time, indications are rife that about five million Nigerians working in bakeries across the country may lose their jobs as the companies are planning to park up. The Association of Master Bakers and Caterers ...

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W/Bank boosts 10,845 tomato farmers in Kano for Dangote farms

The World Bank had relied on a Memorandum of Understanding between Dangote Tomato Company and Fadama Production Cluster Group on profitable marketing of tomato to boost the activities of10,845 farmers in the last 10 months. The achieved the feat using the instrument of Fadama II Additional Financing scheme. The Fadama State Project Coordinator, Alhaji Sha’aibu Sulaiman, was quoted in a ...

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VI traffic goes gaga as Lagos trade fair begins today

Muda Yusuf, LCCI boss

The Lagos Chamber of Commerce and Industry (LCCI) will today, Friday, November 4 commence the 30th edition of the Lagos International Trade Fair. As early as 530AM, our correspondent reports that traffic around Victoria Island has become chaotic as trade fair bound vehicles block every available route to the TBS. According to the organisers, the Opening Ceremony is scheduled to ...

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