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Unilever merger deal with Kraft collapses

unilever logo

U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about Kraft’s next steps and whether it could turn its focus to another target. Kraft had made a surprise offer for Unilever in a bid to build a global consumer goods behemoth that ...

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Simplified Corporate Logistics unveils new office in Lagos, assures smarter services

As parts of renewed efforts to deepen service delivery, Simplified Corporate Logistics (SCL), a premier provider of simplified export and import solutions has opened a new outlet at Ikotaarea of Lagos State. The company noted that the network expansion is in line with the organization’s strategy of providing stress free logistics solutions to businesses across Nigeria at unbeatable rate. Speaking ...

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Another Free Zone coming to Delta to deepen oil & gas investments

ogfza

The Managing Director, Oil and Gas Free Zones Authority (OGFZA), Umana Umana has said Nigeria is to license a new oil and gas free zone in Delta state. The assurance came after he carried out an inspection tour of the proposed free zone located in Okitigbo in Warri North of Delta State. While expressing happiness on the level of physical ...

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International Onion market to be established in Kebbi by govt soon

Onoin Kebbi|State

Considering the comparative advantage of Kebbi State in the production of Onion, the Kebbi State Government Monday said it would construct an international onion market at Aliero Local Government area of the state. Governor Atiku Bagudu who visited the local government on Monday and addressed farmers at the onion market in Aliero, promised that the international market would be established ...

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Cattle dealers finger FG in collapse of rail movement of products from North to South

cattles

Contrary to earlier speculation by the federal government that the rails have been put in place to move thousands of cattles from the North to the Lagos and other parts of the country, the scheme has stopped and cattle dealers went back to the outdated mode of moving products on roads with high causalities. A train carrying 500 cows in ...

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Free zones, port concession followers decry OGEFZA’s illegality, monopoly

Hadiza on Intels tour, onne

Disquiet is raging within the ranks of maritime stakeholders as investors in the free zones have raised alarm over the adverse economic impact of the proposed Bill to amend the Oil and Gas Export Free Zone Act (OGEFZA Act), of 1996 (now Cap. 05, LFN, 2004), if signed into law. The concerned stakeholders note with grave concern that the proposed ...

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Guinness assures workers, customers, says no shaking over Pharma-Deko’s windup suit

Guinness logo

Leading pharmaceutical group, Pharma-Deko has filed a winding-up petition against Guinness Nigeria Plc. due to N175,699, 317.99 debt, owed it by the company. But Guinness, in a joint image saving effort and loyalty boosting fire brigade mission weekend issued a statement assuring its employees, customers and stakeholders of its readiness to contest the alleged debt in court, adding that its ...

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Wastages in farm products on transit, markets highest in Nigeria—-Report

Wasted agro products

Nigeria has been described as the most African nation with record wastages on food products. A report released by the Africa Environmental & Economic Peace Mission (AEEPM) weekend in Lagos said the wastages’ usually begin from harvest point to package, transport to towns and urban markets due to no provision of preservative and live keeping facilities by the government as ...

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Fayemi’s N3.1bn revenue target in 2017 very abysmal—Analyst

fayemi-k

More experts have joined in opposition to the pronouncement of the Minister of Mines and Steel Development, Dr. Kayode Fayemi, saying the N3.1bn revenue target of the ministry is unacceptable and an indication that the minister had failed to do the needful in the ministry in the last one year. It would be recalled Dr. Fayemi, who appeared before the ...

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Servicing foreign loans on forex scarcity stressing LCC performance, says Official

LCC-Admiralty-Centre-Plaza.

The Lekki Concession Company (LCC), operators of the toll gates on Lekki Expressway in Lagos has raised alarm, saying the erosion of naira value against the dollar is impacting negatively in the efforts of the company to service foreign loans secured to develop the infrastructure. In an exclusive interview weekend with a senior official who pleaded anonymity, the staff said ...

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